Stox
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Dixon Technologies (India) Ltd.
NSE: DIXON · Consumer Durables
₹12,625.00+0.07%06 Nov 2026
Check figures: unusual quarterly results in JUN '26 (₹663.42 cr vs a typical ₹62.80 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.
Ask the data
Instant answers about Dixon Technologies (India) Ltd. — computed from its filings, no language modelMarket cap₹77,202 cr
Current price₹12,625.00
High / Low₹15,697 / ₹9,673
P/E49.8
P/B13.13
Book value₹961.4
ROE26.4%
ROCE34.7%
Debt / equity0.11
Dividend yield0.15%
EPS (TTM)₹253.60
Face value₹2
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,853 | 4,400 | 6,448 | 10,697 | 12,192 | 17,691 | 38,860 | 48,873 |
| EBITDA | 113 | 223 | 287 | 379 | 513 | 698 | 1,508 | 1,867 |
| Operating margin | 3.9% | 5.1% | 4.4% | 3.5% | 4.2% | 3.9% | 3.9% | 3.8% |
| Interest | 13 | 35 | 27 | 44 | 61 | 75 | 154 | 137 |
| Depreciation | 15 | 37 | 44 | 84 | 115 | 162 | 281 | 393 |
| Profit before tax | 88 | 157 | 217 | 255 | 343 | 484 | 1,552 | 2,049 |
| Tax | 27 | 36 | 57 | 64 | 90 | 119 | 337 | 426 |
| Net profit | 0 | 120 | 160 | 190 | 256 | 368 | 1,096 | 1,439 |
| EPS ₹ | 54.51 | 105.54 | 27.49 | 32.31 | 42.92 | 62.84 | 205.70 | 271.59 |
| Operating cash flow | — | — | — | 273 | 726 | 584 | 1,150 | 1,782 |
| Capex | — | — | — | 421 | 461 | 584 | 939 | 1,068 |
| Dividend paid | — | — | — | 6 | 12 | 18 | 33 | 118 |
| Total assets | 966 | 1,697 | 2,846 | 4,277 | 4,679 | 6,991 | 16,767 | 19,162 |
| Equity | 315 | 541 | 737 | 997 | 1,285 | 1,695 | 3,010 | 4,677 |
Quarterly performance
last 32 quarters · ₹ crore| MAR '18 | SEP '18 | DEC '18 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 598 | 739 | 794 | 1,147 | 1,402 | 994 | 857 | 517 | 1,639 | 2,183 | 2,110 | 1,867 | 2,804 | 3,073 | 2,953 | 2,855 | 2,405 | 3,065 | 3,272 | 4,943 | 4,818 | 4,658 | 6,580 | 11,534 | 10,454 | 10,293 | 12,836 | 14,855 | 10,672 | 10,511 | 15,548 | 21,794 |
| Operating profit | 27 | 33 | 39 | 53 | 63 | 52 | 56 | 17 | 89 | 100 | 80 | 48 | 110 | 103 | 118 | 100 | 111 | 156 | 132 | 199 | 184 | 182 | 248 | 426 | 391 | 443 | 482 | 561 | 414 | 408 | 463 | 597 |
| Operating margin | 4.6% | 4.5% | 4.9% | 4.6% | 4.5% | 5.2% | 6.5% | 3.3% | 5.5% | 4.6% | 3.8% | 2.6% | 3.9% | 3.4% | 4.0% | 3.5% | 4.6% | 5.1% | 4.0% | 4.0% | 3.8% | 3.9% | 3.8% | 3.7% | 3.7% | 4.3% | 3.8% | 3.8% | 3.9% | 3.9% | 3.0% | 2.7% |
| Other income | 2 | 2 | 1 | 1 | 3 | 2 | -0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 0 | 3 | 2 | 3 | 1 | 2 | 17 | 8 | -6 | 6 | 11 | 2 | 496 | 131 | 84 | 528 | 69 |
| Interest | 4 | 5 | 6 | 10 | 9 | 8 | 8 | 6 | 7 | 8 | 7 | 9 | 9 | 12 | 14 | 14 | 15 | 15 | 14 | 17 | 22 | 21 | 29 | 38 | 41 | 46 | 33 | 38 | 43 | 24 | 24 | 26 |
| Depreciation | 4 | 5 | 6 | 8 | 8 | 10 | 11 | 9 | 11 | 11 | 12 | 15 | 22 | 28 | 19 | 24 | 29 | 32 | 34 | 36 | 41 | 51 | 55 | 66 | 75 | 86 | 93 | 96 | 99 | 105 | 107 | 110 |
| Profit before tax | 20 | 25 | 27 | 36 | 48 | 35 | 37 | 2 | 72 | 82 | 61 | 24 | 80 | 63 | 87 | 62 | 70 | 111 | 87 | 146 | 124 | 127 | 172 | 526 | 282 | 572 | 359 | 922 | 404 | 364 | 860 | 530 |
| Tax | 6 | 8 | 10 | 12 | 5 | 9 | 10 | 1 | 19 | 20 | 17 | 6 | 18 | 17 | 24 | 17 | 19 | 31 | 23 | 35 | 29 | 32 | 40 | 117 | 69 | 111 | 86 | 178 | 91 | 72 | 151 | 121 |
| Net profit | 0 | 0 | 0 | 24 | 43 | 26 | 28 | 2 | 52 | 0 | 44 | 18 | 63 | 46 | 63 | 46 | 52 | 81 | 69 | 107 | 96 | 95 | 134 | 390 | 171 | 401 | 225 | 670 | 287 | 256 | 663 | 344 |
| EPS ₹ | 12.63 | 14.51 | 15.58 | 20.82 | 38.00 | 23.13 | 24.17 | 1.38 | 45.25 | 53.14 | 7.61 | 3.10 | 10.69 | 7.90 | 10.72 | 7.65 | 8.74 | 13.57 | 11.28 | 19.04 | 16.29 | 16.31 | 23.35 | 68.82 | 36.12 | 77.59 | 46.47 | 123.60 | 53.06 | 49.22 | 118.00 | 67.44 |
| Revenue YoY | — | — | — | — | 89.8% | 25.2% | — | -54.9% | 16.9% | 119.6% | 146.1% | 261.2% | 71.1% | 40.8% | 40.0% | 52.9% | -21.8% | 3.8% | 14.6% | — | 100.4% | 52.0% | 101.1% | 133.3% | 117.0% | 121.0% | 95.1% | 28.8% | 2.1% | 2.1% | 21.1% | 46.7% |
| Profit YoY | — | — | — | — | — | — | — | -93.2% | 21.7% | -100.0% | 60.5% | 1035.0% | 19.6% | — | 42.3% | 151.7% | 11.9% | 28.0% | 50.6% | — | 85.8% | 18.0% | 94.2% | 263.3% | 77.5% | 321.2% | 68.3% | 71.9% | 67.8% | -36.0% | 194.9% | -48.7% |
Earlier results (standalone, Sep '17 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginDixon Technologies (India) Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Quarters
| SEP '17† | DEC '17† | |
|---|---|---|
| Revenue | 736 | 541 |
| Operating profit | 32 | 25 |
| Operating margin | 4.4% | 4.6% |
| Other income | 2 | 3 |
| Interest | 3 | 2 |
| Depreciation | 4 | 4 |
| Profit before tax | 27 | 21 |
| Tax | 8 | 6 |
| Net profit | 19 | 15 |
| EPS ₹ | 16.87 | 13.49 |
Returns & margins
trailing-twelve-month, per quarter| MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.3% | 18.2% | 19.9% | 15.1% | 13.3% | 15.6% | 17.0% | 23.3% | 19.1% | 21.8% | 21.3% | 24.4% | 21.7% | 25.5% | 32.1% | 35.4% | 36.4% | 39.4% | 36.1% | 39.0% | 30.8% | 40.1% | 26.4% |
| ROCE | 30.7% | 24.7% | 28.0% | 35.4% | 27.4% | 30.2% | 31.4% | 29.8% | 20.6% | 23.5% | 28.0% | 31.6% | 30.2% | 35.6% | 40.9% | 47.7% | 53.1% | 59.0% | 46.7% | 49.2% | 42.5% | 52.1% | 34.7% |
| Net margin | 2.7% | 2.6% | 2.7% | 1.6% | 1.5% | 1.5% | 1.4% | 1.7% | 1.8% | 1.9% | 2.3% | 2.2% | 2.1% | 2.1% | 2.6% | 2.4% | 2.8% | 2.6% | 3.0% | 3.3% | 2.9% | 3.6% | 2.6% |
| EBITDA margin | 5.1% | 5.0% | 5.3% | 5.1% | 4.4% | 4.1% | 3.8% | 3.5% | 3.5% | 3.7% | 4.4% | 4.2% | 3.9% | 3.9% | 3.8% | 3.8% | 3.9% | 3.9% | 3.9% | 3.9% | 3.8% | 3.6% | 3.2% |
| Debt / equity | 0.15 | 0.15 | 0.15 | 0.15 | 0.21 | 0.21 | 0.21 | 0.21 | 0.46 | 0.46 | 0.17 | 0.17 | 0.09 | 0.09 | 0.16 | 0.16 | 0.07 | 0.07 | 0.21 | 0.21 | 0.10 | 0.10 | 0.11 |
| Interest coverage | 5.48 | 5.00 | 6.18 | 7.89 | 8.91 | 8.74 | 8.47 | 7.13 | 6.77 | 6.91 | 7.73 | 7.83 | 7.47 | 7.32 | 9.56 | 9.55 | 11.06 | 12.03 | 14.51 | 15.10 | 15.91 | 20.77 | 19.51 |
| Asset turnover | 2.59 | 2.22 | 2.36 | 3.06 | 2.27 | 2.74 | 3.15 | 3.46 | 2.50 | 2.73 | 2.15 | 2.53 | 2.53 | 3.00 | 1.71 | 2.06 | 2.32 | 2.69 | 2.46 | 2.48 | 2.55 | 2.69 | 2.01 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '18‡ | MAR '19‡ | MAR '20‡ | MAR '21‡ | MAR '22‡ | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Other equity / reserves | 304 | 367 | 530 | 726 | 985 | 1,273 | 1,439 | 1,683 | 2,217 | 2,998 | 4,052 | 4,665 | 5,866 |
| Total equity | 315 | 378 | 541 | 737 | 997 | 1,285 | 1,450 | 1,695 | 2,229 | 3,010 | 4,064 | 4,677 | 5,879 |
| Borrowings | 41 | 136 | 83 | 156 | 458 | 183 | 248 | 155 | 362 | 202 | 846 | 468 | 669 |
| Current liabilities | 635 | 929 | 1,034 | 1,871 | 2,736 | 2,941 | 4,380 | 4,732 | 12,524 | 12,595 | 13,621 | 12,698 | 21,283 |
| Non-current liabilities | 16 | 185 | 122 | 238 | 544 | 454 | 503 | 537 | 1,022 | 702 | 1,346 | 1,077 | 1,167 |
| Total assets | 966 | 1,492 | 1,697 | 2,846 | 4,277 | 4,679 | 6,359 | 6,991 | 16,121 | 16,767 | 19,651 | 19,162 | 29,178 |
| Property, plant & equipment | 179 | 236 | 311 | 406 | 758 | 942 | 1,039 | 1,637 | 1,985 | 2,109 | 2,610 | 2,720 | 2,791 |
| Capital work-in-progress | 13 | 19 | 10 | 72 | 22 | 120 | 410 | 64 | 138 | 256 | 331 | 571 | 885 |
| Investments | 11 | 8 | 0 | 95 | 141 | 44 | 15 | 20 | 279 | 536 | 1,151 | 1,007 | 1,389 |
| Inventories | 322 | 408 | 498 | 743 | 1,156 | 958 | 1,668 | 1,695 | 3,699 | 3,992 | 3,870 | 3,837 | 7,064 |
| Receivables | 301 | 665 | 515 | 1,089 | 1,356 | 1,715 | 2,108 | 2,318 | 7,781 | 6,965 | 7,231 | 6,530 | 12,401 |
| Cash & equivalents | 13 | — | 96 | 64 | 176 | 217 | 127 | 200 | 209 | 231 | 612 | 767 | 389 |
Cash flow
annual · ₹ crore · line = free cash flow| FY18‡ | FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 68 | -3 | 237 | 170 | 273 | 726 | 584 | 1,150 | 1,782 |
| Cash from investing | -100 | -64 | -99 | -265 | -464 | -356 | -531 | -1,229 | -1,251 |
| Cash from financing | 42 | 69 | -57 | 63 | 304 | -330 | -70 | -27 | -108 |
| Capex | — | — | — | — | 421 | 461 | 584 | 939 | 1,068 |
| Free cash flow | — | — | — | — | -148 | 265 | -0 | 210 | 715 |
| Dividends paid | 0 | 2 | 7 | 0 | 6 | 12 | 18 | 33 | 118 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹2,791 cr10%
CWIP₹885 cr3%
Investments₹1,389 cr5%
Inventories₹7,064 cr24%
Receivables₹12,401 cr42%
Cash & equivalents₹389 cr1%
Other assets₹4,259 cr15%
Peer comparison
largest in Consumer Durables · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Titan Company Ltd. | 4,43,900 | 5,000.00 | 63.1 | 24.31 | 38.5% |
| Asian Paints Ltd. | 2,44,212 | 2,546.00 | 50.5 | 11.24 | 22.3% |
| LG Electronics India Ltd. | 1,19,063 | 1,754.10 | 61.9 | 13.52 | 21.8% |
| Dixon Technologies (India) Ltd. | 77,202 | 12,625.00 | 49.8 | 13.13 | 26.4% |
| Havells India Ltd. | 70,793 | 1,128.00 | 42.6 | 7.24 | 17.0% |
| Kalyan Jewellers India Ltd. | 61,009 | 590.75 | 42.5 | 9.67 | 22.7% |
| Berger Paints India Ltd. | 55,776 | 478.35 | 45.5 | 7.88 | 17.3% |
| Voltas Ltd. | 36,355 | 1,099.00 | 80.9 | 5.70 | 7.0% |
| Blue Star Ltd. | 32,382 | 1,575.00 | 60.6 | 9.29 | 15.3% |
| Amber Enterprises India Ltd. | 22,582 | 6,403.00 | 235.1 | 5.16 | 2.2% |
StoxGud checklist: Neutral setup · 6/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-3.1%
6 months+14.3%
1 year-18.6%
3Y CAGR+33.8%
5Y CAGR+18.0%
10Y CAGR—
50-day avg₹12,996.28
200-day avg₹12,092.94
RSI (14)54
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FAQs
What is the share price of Dixon Technologies (India) Ltd.?
Dixon Technologies (India) Ltd. (DIXON) closed at ₹12,625.00 on NSE on 06 Nov 2026.
What is the market cap of Dixon Technologies (India) Ltd.?
₹77,202 crore at the latest close.
What is the P/E ratio of Dixon Technologies (India) Ltd.?
49.8, on trailing-twelve-month earnings from its filings.
How fast is Dixon Technologies (India) Ltd. growing?
Dixon Technologies (India) Ltd.: revenue has compounded at 58.9% a year over three years; net profit at 77.9% a year. Latest-quarter revenue is up 46.7% year on year, profit down 48.7%.
How profitable is Dixon Technologies (India) Ltd.?
On a trailing-twelve-month basis return on equity is 26.4%, return on capital employed 34.7%, operating margin 3.2%, net margin 2.6%.
How much debt does Dixon Technologies (India) Ltd. have?
Dixon Technologies (India) Ltd. is lightly geared: debt to equity is 0.11 with borrowings of ₹669 cr against cash of ₹389 cr (balance sheet of 2026-09-30). Operating profit covers interest 19.5 times.
Financials parsed from Dixon Technologies (India) Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '18. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Dixon Technologies (India) Ltd. · advanced chart