DIXON TECHNOLOGIES (INDIA) LIMITED Financials Dixon Technologies (India) Limited Bombay S.E.
Equities
DIXON
INE935N01020
Household Electronics
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8,410 INR | -0.47% |
|
-1.89% | +28.19% |
| May. 01 | Dixon Technologies Limited Announces Change in Senior Management of the Company | CI |
| Apr. 19 | Dixon Unit Ties Up with Longcheer to Manufacture Smartphones for Global Brands | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,625 | 41,419 | 215,075 | 255,693 | 170,420 | 505,591 | - | - |
| Enterprise Value (EV) 1 | 27,341 | 41,246 | 215,900 | 259,188 | 172,359 | 506,144 | 504,077 | 500,191 |
| P/E ratio | 42.6 x | 34.9 x | 137 x | 135 x | 67.1 x | 132 x | 86.1 x | 64.5 x |
| Yield | 0.09% | 0.11% | 0.03% | 0.05% | 0.1% | 0.05% | 0.08% | 0.09% |
| Capitalization / Revenue | 0.89 x | 0.94 x | 3.34 x | 2.39 x | 1.4 x | 2.78 x | 1.95 x | 1.55 x |
| EV / Revenue | 0.92 x | 0.94 x | 3.35 x | 2.42 x | 1.41 x | 2.78 x | 1.95 x | 1.53 x |
| EV / EBITDA | 20.3 x | 18.1 x | 75.3 x | 68.4 x | 33.5 x | 70.1 x | 48.3 x | 37.7 x |
| EV / FCF | -32.7 x | 32.3 x | 11,129 x | -175 x | 65.2 x | -2,939 x | 162 x | 98.1 x |
| FCF Yield | -3.06% | 3.09% | 0.01% | -0.57% | 1.53% | -0.03% | 0.62% | 1.02% |
| Price to Book | 7.04 x | 7.65 x | 29.2 x | 25.7 x | 13.3 x | 30.6 x | 22.6 x | 16.8 x |
| Nbr of stocks (in thousands) | 56,625 | 57,851 | 58,569 | 59,342 | 59,560 | 59,822 | - | - |
| Reference price 2 | 470.2 | 716.0 | 3,672 | 4,309 | 2,861 | 8,452 | 8,452 | 8,452 |
| Announcement Date | 5/24/19 | 6/11/20 | 5/27/21 | 5/30/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 29,844 | 44,001 | 64,482 | 106,971 | 121,920 | 181,888 | 259,133 | 326,446 |
| EBITDA 1 | 1,349 | 2,283 | 2,866 | 3,791 | 5,144 | 7,219 | 10,430 | 13,270 |
| EBIT 1 | 1,188 | 1,917 | 2,429 | 2,952 | 3,997 | 5,699 | 8,551 | 10,975 |
| Operating Margin | 3.98% | 4.36% | 3.77% | 2.76% | 3.28% | 3.13% | 3.3% | 3.36% |
| Earnings before Tax (EBT) 1 | 938.1 | 1,568 | 2,170 | 2,547 | 3,448 | 5,057 | 7,708 | 10,195 |
| Net income 1 | 633.5 | 1,205 | 1,598 | 1,902 | 2,555 | 3,803 | 5,760 | 7,619 |
| Net margin | 2.12% | 2.74% | 2.48% | 1.78% | 2.1% | 2.09% | 2.22% | 2.33% |
| EPS 2 | 11.03 | 20.54 | 26.87 | 32.00 | 42.62 | 63.95 | 98.15 | 130.9 |
| Free Cash Flow 1 | -836.8 | 1,276 | 19.4 | -1,479 | 2,646 | -172.2 | 3,121 | 5,101 |
| FCF margin | -2.8% | 2.9% | 0.03% | -1.38% | 2.17% | -0.09% | 1.2% | 1.56% |
| FCF Conversion (EBITDA) | - | 55.91% | 0.68% | - | 51.43% | - | 29.92% | 38.44% |
| FCF Conversion (Net income) | - | 105.92% | 1.21% | - | 103.53% | - | 54.18% | 66.95% |
| Dividend per Share 2 | 0.4000 | 0.8000 | 1.000 | 2.000 | 3.000 | 4.100 | 7.126 | 7.867 |
| Announcement Date | 5/24/19 | 6/11/20 | 5/27/21 | 5/30/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,489 | 21,828 | 21,097 | 18,673 | 28,038 | 46,711 | 30,732 | 29,528 | 28,551 | 38,668 | 67,218 | 24,047 | 30,654 | 32,715 | 43,128 | 50,373 | 51,242 | 62,747 |
| EBITDA 1 | - | 1,005 | 798.1 | 478.9 | 1,100 | - | 1,030 | 1,182 | 1,001 | 1,446 | - | 1,118 | 1,579 | 1,360 | 1,804 | 2,103 | 2,014 | - |
| EBIT 1 | - | - | - | 328.5 | 884.1 | - | 748.1 | 990.7 | 760.6 | 1,155 | - | 828.3 | 1,254 | 1,023 | 1,433 | 1,733 | 1,696 | 1,843 |
| Operating Margin | - | - | - | 1.76% | 3.15% | - | 2.43% | 3.36% | 2.66% | 2.99% | - | 3.44% | 4.09% | 3.13% | 3.32% | 3.44% | 3.31% | 2.94% |
| Earnings before Tax (EBT) 1 | - | 816.8 | 613.7 | 241 | 802.3 | - | 634.9 | 868.9 | 619.7 | 1,002 | - | 704.8 | 1,121 | 900.4 | 1,322 | 1,468 | 1,526 | - |
| Net income 1 | 666.2 | 615.9 | 442.6 | 181.6 | 626.4 | 808.1 | 463.8 | 629.7 | 457 | 772.5 | 1,230 | 518.9 | 806.3 | 688.2 | 1,003 | 1,184 | 1,078 | - |
| Net margin | 2.61% | 2.82% | 2.1% | 0.97% | 2.23% | 1.73% | 1.51% | 2.13% | 1.6% | 2% | 1.83% | 2.16% | 2.63% | 2.1% | 2.33% | 2.35% | 2.1% | - |
| EPS 2 | - | 10.45 | 7.440 | 3.000 | 10.35 | - | 7.730 | 10.61 | 7.580 | 12.88 | - | 8.670 | - | 11.26 | 18.60 | 20.50 | 20.21 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/13/19 | 2/2/21 | 5/27/21 | 7/27/21 | 10/29/21 | 10/29/21 | 1/28/22 | 5/30/22 | 7/27/22 | 10/20/22 | 10/20/22 | 1/25/23 | 5/23/23 | 7/25/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 716 | - | 824 | 3,495 | 1,939 | 553 | - | - |
| Net Cash position 1 | - | 173 | - | - | - | - | 1,514 | 5,400 |
| Leverage (Debt/EBITDA) | 0.5307 x | - | 0.2876 x | 0.922 x | 0.377 x | 0.0766 x | - | - |
| Free Cash Flow 1 | -837 | 1,276 | 19.4 | -1,479 | 2,646 | -172 | 3,121 | 5,101 |
| ROE (net income / shareholders' equity) | 18.3% | 26.2% | 25% | 21.9% | 22.4% | 25.9% | 30.9% | 29.5% |
| ROA (Net income/ Total Assets) | - | 7.56% | - | - | - | 8.27% | 8.21% | 7.96% |
| Assets 1 | - | 15,948 | - | - | - | 45,981 | 70,160 | 95,669 |
| Book Value Per Share 2 | 66.80 | 93.60 | 126.0 | 168.0 | 216.0 | 276.0 | 373.0 | 503.0 |
| Cash Flow per Share 2 | - | - | 28.60 | 45.90 | 122.0 | 59.60 | 132.0 | 177.0 |
| Capex 1 | 806 | 1,097 | 1,682 | 4,206 | 4,612 | 4,984 | 4,483 | 4,189 |
| Capex / Sales | 2.7% | 2.49% | 2.61% | 3.93% | 3.78% | 2.74% | 1.73% | 1.28% |
| Announcement Date | 5/24/19 | 6/11/20 | 5/27/21 | 5/30/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
8,452
INR
Average target price
6,814
INR
Spread / Average Target
-19.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.64% | 21.18B | |
| -9.23% | 11.65B | |
| +21.59% | 4.21B | |
| +12.00% | 3.91B | |
| +5.48% | 3.56B | |
| -17.01% | 3.54B | |
| -2.69% | 3.4B | |
| +5.42% | 2.51B | |
| +37.01% | 2.09B |
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