Dixon Technologies (India) Ltd.

NSE: DIXON BSE: 540699 SECTOR: Consumer Durables - Electronics  195k   1k   392

4314.55
-118.50 (-2.67%)
NSE: 07 Oct 03:59 PM

Price Summary

Today's High

₹ 4500

Today's Low

₹ 4277.7

52 Week High

₹ 6243.6

52 Week Low

₹ 3180.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

25603.37 Cr.

Enterprise Value

25732.7 Cr.

No. of Shares

5.93 Cr.

P/E

148.88

P/B

26.94

Face Value

₹ 2

Div. Yield

0.05 %

Book Value (TTM)

₹  160.18

CASH

116.47 Cr.

DEBT

245.8 Cr.

Promoter Holding

34.3 %

EPS (TTM)

₹  28.98

Sales Growth

31.89%

ROE

18.81 %

ROCE

23.55%

Profit Growth

-0.66 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Brands

These are the brands of Dixon Technologies (India) Ltd.

Cp Plus Mark

Index Presence

The company is present in 24 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year31.89%
3 Year43.63%
5 Year35.4%

Profit Growth

1 Year-0.66%
3 Year38.87%
5 Year28.12%

ROE%

1 Year18.81%
3 Year23.19%
5 Year21.94%

ROCE %

1 Year23.55%
3 Year30.05%
5 Year29.74%

Debt/Equity

0.2697

Price to Cash Flow

119.5

Interest Cover Ratio

6.68748225943798

CFO/PAT (5 Yr. Avg.)

1.25235080298423

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 34.3 0
Mar 2022 34.3 0
Dec 2021 34.52 0
Sep 2021 34.93 0
Jun 2021 35.03 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 38.8653303829317% for the Past 3 years.
  • The company has shown a good revenue growth of 43.6326704925889% for the Past 3 years.
  • Company has been maintaining healthy ROE of 23.190677133069% over the past 3 years.
  • Company has been maintaining healthy ROCE of 30.0489036412308% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 0.562682880290595 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.25235080298423.

 Limitations

  • Company has contingent liabilities of 2671.01 Cr.
  • The company is trading at a high PE of 148.88.
  • The company is trading at a high EV/EBITDA of 82.9677.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 1530.96 2194.22 2089.51 1669.72 1503.88
Total Expenditure 1488.93 2098.81 2021.21 1596.84 1434.19
Operating Profit 42.03 95.41 68.3 72.88 69.69
Other Income 0.35 1.31 0.6 0.36 1.85
Interest 6.91 5.42 8.28 9.54 7.29
Depreciation 11.34 11.74 12.27 15.37 12.14
Exceptional Items 0 0 0 0 0
Profit Before Tax 24.13 79.56 48.35 48.33 52.11
Tax 5.91 17.19 13.02 13.3 12.87
Profit After Tax 18.22 62.37 35.33 35.03 39.24
Adjusted EPS (Rs) 3.11 10.63 5.95 5.9 6.61

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 2210.21 2525.77 3671.5 5674.6 7484.41
Total Expenditure 2103.74 2400.22 3467.77 5401.42 7200.71
Operating Profit 106.47 125.55 203.72 273.18 283.7
Other Income 3.39 4.18 9.2 2.39 2.62
Interest 13.18 25.58 38.73 30.95 35.23
Depreciation 14.35 20.04 31.78 38.46 50.72
Exceptional Items 0 0 0 0 0
Profit Before Tax 82.33 84.11 142.41 206.16 200.37
Tax 25.32 27.74 31.8 54.19 49.41
Net Profit 57.01 56.37 110.6 151.97 150.96
Adjusted EPS (Rs.) 10.07 9.96 19.12 25.96 25.44

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 11.33 11.33 11.57 11.71 11.87
Total Reserves 292.49 348.74 502.59 690.61 910.39
Borrowings 8 4.63 9.57 56.38 174.6
Other N/C liabilities 8.03 18.45 100.11 108.27 155.86
Current liabilities 348.29 720.23 797.45 1552.02 1473.13
Total Liabilities 668.13 1103.37 1421.29 2418.99 2725.85
Assets
Net Block 168.3 207.28 350.43 381.18 607.74
Capital WIP 12.55 18.77 9.55 71.55 18.96
Intangible WIP 3.39 0 0 0 0
Investments 13.25 18 45.01 45.03 91.87
Loans & Advances 13.81 14.42 26.6 26.51 101.61
Other N/C Assets 0 0 0 0 0
Current Assets 456.84 844.9 989.7 1894.72 1905.67
Total Assets 668.13 1103.37 1421.29 2418.99 2725.85
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 82.33 84.11 142.41 206.16 200.37
Adjustment 25.67 46.95 73.25 74.35 82.14
Changes in Assets & Liabilities -28.82 -126.98 61.01 -70.21 -19.76
Tax Paid -17.77 -15.89 -38.61 -52.32 -48.5
Operating Cash Flow 61.4 -11.8 238.06 157.98 214.25
Investing Cash Flow -96.7 -53.72 -93.1 -266.13 -248.96
Financing Cash Flow 42.06 66.54 -60.56 50.86 110.07
Net Cash Flow 6.77 1.01 84.39 -57.29 75.36

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 35.03 34.93 34.52 34.30 34.30
sunil vachani 33.82 33.77 33.38 26.54 26.54
gayatri vachani - - - 6.64 6.64
geeta vaswani - 1.13 1.12 - -
geeta vaswani . 1.19 - - - -
suresh vaswani - - - 1.11 1.10
vachani kamal - 0.01 0.01 0.01 0.01
ravi vachani 0.01 0.01 - - 0.01
ravi vachani - - 0.01 0.01 -
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 64.97 65.07 65.48 65.70 65.70
kamla vachani 7.64 7.59 7.47 7.47 -
kamla vachani - - - - 7.44
kamala vachani - - - - -
life insurance cor... 1.06 3.72 4.57 4.57 5.68
reliance capital t... - - - - -
qualified institut... - - - - -
qualified institut... - - - - -
atul b lall 3.55 3.54 3.54 3.53 3.53
steadview capital... 2.03 2.02 - 2.00 2.00
steadview capital ... - - 2.00 - -
nippon life india ... - - - - -
sbi long term adva... - - - - -
atul b.lall - - - - -
icici prudential l... 1.73 1.34 1.24 1.56 2.05
nippon life india ... - - - 2.44 -
nippon life india ... 2.31 2.64 2.18 - -
taiyo greater indi... - - - - -
goldman sachs indi... - - - - -
nippon life india ... - - - - 1.67
icici prudential s... - - - - -
sunita mankani 1.07 1.06 1.04 1.04 1.04
icici prudential m... - - - - 1.37
icici prudential s... - - - - -
abu dhabi investme... 1.04 - - - -
shobha sippy 1.13 1.11 1.03 1.03 1.03
rbc asia pacific e... 1.00 1.03 - - -
sundaram mutual fu... - - - - -
vanguard total int... - - - - -
dsp equity & bond ... - - - - 1.01

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Dixon Technologies enters into binding Term Sheet with Ibahn Illumination19 Sep 2022, 3:37PM Dixon Technologies’ arm gets nod for disbursement of PLI incentive from Government of India12 Sep 2022, 4:47PM Dixon Technologies (India) executes agreement with Google5 Sep 2022, 11:27AM Dixon Technologies (India) informs about scrutinizer’s report25 Aug 2022, 2:23PM Dixon Technologies (India) informs about audio recording of conference call28 Jul 2022, 5:06PM Dixon Technologies - Quaterly Results27 Jul 2022, 5:07PM Dixon Technologies - Quaterly Results27 Jul 2022, 5:07PM Dixon Technologies - Quaterly Results27 Jul 2022, 5:07PM Dixon Technologies - Quaterly Results30 May 2022, 2:47PM Dixon Technologies - Quaterly Results30 May 2022, 2:47PM Dixon Technologies - Quaterly Results30 May 2022, 2:47PM Dixon Technologies (India) informs about investors meet4 May 2022, 3:45PM Dixon Technologies (India) informs about disclosure1 Apr 2022, 1:39PM Dixon Technologies (India) informs about disclosure15 Mar 2022, 9:51AM Dixon Technologies (India) informs about disclosure8 Mar 2022, 11:43AM Dixon Technologies (India) informs about conference call27 Jan 2022, 2:06PM Dixon Technologies enters into JV agreement with Imagine Marketing18 Jan 2022, 10:30AM Dixon Technologies (India) informs about disclosure18 Jan 2022, 9:58AM Dixon Technologies (India) informs about announcement18 Jan 2022, 9:57AM Dixon Technologies enters into JV agreement with Rexxam13 Jan 2022, 9:15AM Dixon Technologies, Acer India partner for manufacturing of laptops25 Nov 2021, 9:25AM Dixon Technologies’ two arms get approval under Production Linked Incentive Scheme19 Nov 2021, 2:04PM Dixon Technologies (India) informs about financial results 29 Oct 2021, 5:25PM Dixon Technologies’ arm enters into agreement to manufacture smartphones19 Oct 2021, 10:39AM Dixon Technologies starts manufacturing of 5G millimetre waves smartphones18 Oct 2021, 9:04AM Dixon Technologies inks MoU with Rexxam to form Joint venture 10 Aug 2021, 10:34AM Dixon Technologies (India) informs about conference call26 Jul 2021, 12:51PM Dixon Technologies incorporates wholly owned subsidiary7 Jul 2021, 10:27AM Dixon Technologies gets nod for IT hardware manufacturing under 'Domestic Companies' category2 Jul 2021, 4:58PM Dixon Technologies enters into MoU with Bharti Enterprises7 Apr 2021, 12:59PM Dixon Technologies incorporates two subsidiaries 5 Apr 2021, 9:17AM Dixon Technologies (India) informs about conference call1 Feb 2021, 3:41PM Dixon Technologies’ arm inks agreement with HMD India for manufacturing of Nokia smartphones25 Jan 2021, 1:01PM Dixon Technologies enters into agreement with boAt7 Jan 2021, 9:12AM Dixon Technologies’ arm signs agreement with Motorola28 Dec 2020, 11:29AM Dixon Technologies (India) informs about revision in credit rating24 Nov 2020, 3:39PM ICRA revises Dixon Technologies’ long term rating 24 Nov 2020, 3:22PM Dixon Technologies’ arm gets approval for manufacturing of Mobile Phones9 Oct 2020, 11:22AM Dixon Technologies (India) to hold board meeting19 Aug 2020, 2:17PM Dixon Technologies reports 93% fall in Q1 consolidated net profit5 Aug 2020, 4:10PM Dixon Technologies’ JV enters into MoU with Molbio 3 Jun 2020, 2:55PM

Dixon Technologies Stock Price Analysis and Quick Research Report. Is Dixon Technologies an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Dixon Technologies has a PE ratio of 148.882830966718 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Dixon Technologies has ROA of 5.8684040708749 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Dixon Technologies has a Current ratio of 1.29361970769722 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Dixon Technologies has a ROE of 18.8123870646146 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Dixon Technologies has a D/E ratio of 0.2697 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Dixon Technologies has an Inventory turnover ratio of 12.3820924108212 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Dixon Technologies has reported revenue growth of 31.8931730870899 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Dixon Technologies for the current financial year is 3.79054594817761 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Dixon Technologies is Rs 2 and the yield is 0.0463 %.

Brief about Dixon Technologies

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