Dixon Technologies (India) Ltd., founded in 1993 by Sunil Vachani, is a leading electronics manufacturing services (EMS) company headquartered in Noida, Uttar Pradesh, India. The company is renowned for providing design-focused solutions across various sectors, including consumer durables, home appliances, lighting, mobile phones, and security devices. In addition to manufacturing, Dixon Technologies offers repair and refurbishment services for products such as set-top boxes, mobile phones, and LED TV panels. The company operates 17 manufacturing units across India, producing a wide range of goods, including televisions, washing machines, smartphones, LED bulbs, and CCTV security systems.
Financially, Dixon Technologies has demonstrated strong growth, reporting a revenue of ₹17,960 crore (approximately $2.2 billion) and a net income of ₹367 crore (approximately $44 million) for the fiscal year 2024. The company has established significant partnerships with major global brands like Samsung, Xiaomi, Panasonic, and Philips, manufacturing various electronic products for these companies. As Dixon Technologies continues to expand its product portfolio into newer verticals and markets, it solidifies its position as a key player in the EMS industry, driving innovation and excellence in electronics manufacturing in India and beyond.
Latest news about Dixon Technologies (India)
Dixon Technologies recently entered into a strategic partnership with Samsung to produce 5G smartphones at its Noida facility. This collaboration is poised to significantly increase Dixon’s manufacturing capabilities and solidify its foothold in the rapidly expanding 5G sector. Alongside this partnership, Dixon Technologies reported impressive financial results for the quarter ending June 30, 2024, with revenue growth of 15% compared to the same quarter last year. The surge in revenue is largely attributed to the heightened demand for consumer electronics and home appliances, reflecting the company’s strong market presence and operational success.
Shareholding Patterns of Dixon Technologies (India) Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 34.04% | 33.80% | 33.63% | 33.44% | 33.24% |
| FIIs + | 15.00% | 15.66% | 17.41% | 17.85% | 19.33% |
| DIIs + | 24.61% | 27.44% | 26.39% | 27.01% | 26.08% |
| Public + | 26.36% | 23.11% | 22.58% | 21.71% | 21.34% |
| No. of Shareholders | 3,15,683 | 2,85,566 | 2,67,536 | 2,52,843 | 2,67,314 |
The shareholding pattern of the company from June 2023 to June 2024 reveals several key trends. Over this period, the promoters’ stake has gradually decreased from 34.04% in June 2023 to 33.24% in June 2024, reflecting a slight reduction in their ownership. In contrast, Foreign Institutional Investors (FIIs) have significantly increased their holdings, rising from 15.00% in June 2023 to 19.33% in June 2024, indicating growing foreign interest in the company.
Domestic Institutional Investors (DIIs) have seen fluctuations in their holdings, peaking at 27.44% in September 2023 before slightly declining to 26.08% by June 2024. Meanwhile, the public shareholding has consistently decreased from 26.36% in June 2023 to 21.34% in June 2024, likely reflecting consolidation among larger investors.
The number of shareholders has also varied, with a peak of 3,15,683 in June 2023, followed by a gradual decline to 2,52,843 in March 2024, before a slight recovery to 2,67,314 in June 2024. This indicates a consolidation trend, where fewer shareholders hold larger stakes, aligning with the increase in institutional holdings.
How to buy Dixon Technologies shares?
The trading platforms where Dixon Technologies shares can be purchased are as follows:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Target of Dixon Technologies (India): 2023 to 2030
Dixon Technologies Share Price Target 2024
As of 19th August 2024, Dixon technologies share price is trading at Rs.12,440 per share
| When | Maximum Price | Minimum Price |
| August 2024 | 12,480.75 | 10,852.83 |
| September 2024 | 12,979.98 | 11,286.94 |
| October 2024 | 12,725.47 | 11,065.63 |
| November 2024 | 13,234.49 | 11,508.26 |
| December 2024 | 13,366.84 | 11,623.34 |
In August 2024, Dixon Technologies (India) Ltd is projected to experience a maximum share price of ₹12,480.75 and a minimum of ₹10,852.83. Moving to December 2024, Dixon Technologies (India) Ltd is anticipated to see its share price peak at ₹13,366.84, with a low of ₹11,623.34.
Dixon Technologies Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 13,500.51 | 10,385.01 |
| February 2025 | 13,636.88 | 10,489.90 |
| March 2025 | 13,923.25 | 10,710.19 |
| April 2025 | 13,785.40 | 10,604.15 |
| May 2025 | 13,383.88 | 10,295.29 |
| June 2025 | 13,986.15 | 10,758.58 |
| July 2025 | 13,711.92 | 10,547.63 |
| August 2025 | 14,136.00 | 10,873.84 |
| September 2025 | 14,305.63 | 11,004.33 |
| October 2025 | 14,677.57 | 11,290.44 |
| November 2025 | 15,044.51 | 11,572.70 |
| December 2025 | 15,721.52 | 12,093.47 |
As we step into January 2025, Dixon Technologies (India) Ltd is expected to see its share price range between ₹10,385.01 and ₹13,500.51. By December 2025, Dixon Technologies (India) Ltd might experience a maximum price of ₹15,721.52 and a minimum of ₹12,093.47.
Dixon Technologies Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 16,193.16 | 12,456.28 |
| February 2026 | 15,788.33 | 12,144.87 |
| March 2026 | 16,104.10 | 12,387.77 |
| April 2026 | 16,432.75 | 12,640.58 |
| May 2026 | 16,270.05 | 12,515.43 |
| June 2026 | 16,676.81 | 12,828.31 |
| July 2026 | 16,349.81 | 12,576.78 |
| August 2026 | 16,855.47 | 12,965.75 |
| September 2026 | 17,192.58 | 13,225.06 |
| October 2026 | 17,639.59 | 13,568.92 |
| November 2026 | 18,080.58 | 13,908.14 |
| December 2026 | 18,532.59 | 14,255.84 |
Dixon Technologies Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 18,717.92 | 14,398.40 |
| February 2027 | 19,197.87 | 14,767.59 |
| March 2027 | 19,946.58 | 15,343.53 |
| April 2027 | 19,555.47 | 15,042.67 |
| May 2027 | 18,985.90 | 14,604.54 |
| June 2027 | 19,840.26 | 15,261.74 |
| July 2027 | 19,451.24 | 14,962.49 |
| August 2027 | 20,052.82 | 15,425.25 |
| September 2027 | 20,754.67 | 15,965.13 |
| October 2027 | 21,294.29 | 16,380.23 |
| November 2027 | 21,826.65 | 16,789.73 |
| December 2027 | 22,372.32 | 17,209.47 |
Dixon Technologies Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 22,819.76 | 17,553.66 |
| February 2028 | 23,404.89 | 18,003.76 |
| March 2028 | 24,317.68 | 18,705.90 |
| April 2028 | 23,840.86 | 18,339.12 |
| May 2028 | 23,146.46 | 17,804.97 |
| June 2028 | 24,188.06 | 18,606.20 |
| July 2028 | 23,713.78 | 18,241.37 |
| August 2028 | 24,447.20 | 18,805.54 |
| September 2028 | 25,302.85 | 19,463.73 |
| October 2028 | 25,960.72 | 19,969.79 |
| November 2028 | 26,609.74 | 20,469.03 |
| December 2028 | 27,274.98 | 20,980.76 |
Dixon Technologies Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 27,820.48 | 21,400.37 |
| February 2029 | 28,533.83 | 21,949.10 |
| March 2029 | 29,646.65 | 22,805.11 |
| April 2029 | 29,065.34 | 22,357.95 |
| May 2029 | 28,218.78 | 21,706.75 |
| June 2029 | 29,488.62 | 22,683.56 |
| July 2029 | 28,910.41 | 22,238.78 |
| August 2029 | 29,804.55 | 22,926.58 |
| September 2029 | 30,847.71 | 23,729.01 |
| October 2029 | 31,649.75 | 24,345.96 |
| November 2029 | 32,440.99 | 24,954.61 |
| December 2029 | 33,252.02 | 25,578.48 |
Dixon Technologies Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 33,917.06 | 26,090.05 |
| February 2030 | 34,786.73 | 26,759.02 |
| March 2030 | 36,143.41 | 27,802.62 |
| April 2030 | 35,434.72 | 27,257.47 |
| May 2030 | 34,402.64 | 26,463.57 |
| June 2030 | 35,950.76 | 27,654.43 |
| July 2030 | 35,245.84 | 27,112.18 |
| August 2030 | 36,335.92 | 27,950.70 |
| September 2030 | 37,607.67 | 28,928.98 |
| October 2030 | 38,585.47 | 29,681.13 |
| November 2030 | 39,550.11 | 30,423.16 |
| December 2030 | 40,538.86 | 31,183.74 |
In January 2030, Dixon Technologies (India) Ltd is projected to reach a maximum share price of ₹33,917.06 and a minimum of ₹26,090.05. By December 2030, Dixon Technologies (India) Ltd is anticipated to achieve a maximum price of ₹40,538.86 and a minimum of ₹31,183.74.
Financial Condition of Dixon Technologies: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 4,400 | 6,448 | 10,697 | 12,192 | 17,691 | 20,999 |
| Expenses + | 4,172 | 6,156 | 10,313 | 11,673 | 16,993 | 20,186 |
| Operating Profit | 228 | 292 | 384 | 519 | 698 | 814 |
| OPM % | 5% | 5% | 4% | 4% | 4% | 4% |
| Other Income + | 5 | 1 | 4 | 4 | 33 | 43 |
| Interest | 39 | 33 | 49 | 64 | 75 | 90 |
| Depreciation | 37 | 44 | 84 | 115 | 162 | 183 |
| Profit before tax | 157 | 217 | 255 | 345 | 494 | 584 |
| Tax % | 23% | 26% | 25% | 26% | 24% | |
| Net Profit + | 120 | 160 | 190 | 255 | 375 | 447 |
| EPS in Rs | 20.81 | 27.28 | 32.05 | 42.9 | 61.47 | 72.39 |
| Dividend Payout % | 4% | 4% | 6% | 7% | 8% |
Over the last five years, Dixon Technologies has demonstrated robust financial growth. From March 2020 to March 2024, the company’s sales surged from ₹4,400 crore to ₹17,691 crore, reflecting a strong CAGR driven by increasing demand for its electronics manufacturing services. Correspondingly, expenses grew from ₹4,172 crore to ₹16,993 crore, maintaining a controlled cost structure. Despite the rising expenses, Dixon’s operating profit expanded significantly from ₹228 crore to ₹698 crore, although the operating profit margin (OPM) slightly contracted from 5% to 4%, reflecting competitive pressures.
Net profit saw substantial growth, increasing from ₹120 crore in March 2020 to ₹375 crore in March 2024, showcasing the company’s ability to scale profitably. The earnings per share (EPS) rose from ₹20.81 to ₹61.47, highlighting the improved shareholder returns. Dixon Technologies also increased its dividend payout from 4% to 8% over the period, indicating a commitment to rewarding shareholders as profits expanded. The company’s ability to manage interest and depreciation expenses, coupled with a modest tax rate, has contributed to steady growth in profit before tax, which climbed from ₹157 crore to ₹494 crore during this period. Overall, Dixon Technologies’ financial trajectory over these five years showcases strong growth, disciplined financial management, and a commitment to enhancing shareholder value.
FAQs
What is the current share price of Dixon Technologies (India) Ltd?
As of 19th August 2024, the share price of Dixon Technologies (India) Ltd is INR 12,440.
What is the share price target for Dixon Technologies (India) Ltd in 2024?
The expected maximum share price target for Dixon Technologies (India) Ltd in 2024, is INR 13,366.84.
Can Dixon Technologies (India) Ltd’s share price reach 15,000 INR by 2025?
It is highly likely for Dixon Technologies (India) Ltd’s share price to reach 15,000 INR by 2025.
What is the P/E ratio of Dixon Technologies (India) Ltd?
As of 19th August 2024, the P/E ratio of Dixon Technologies (India) Ltd is 174.
Is Dixon Technologies (India) Ltd a good stock to buy?
Dixon Technologies (India) Ltd has been performing well in recent years and has shown consistent growth. Based on its financial performance and prospects, it can be considered a good stock to buy.
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Conclusion
In conclusion, Dixon Technologies (India) Ltd has demonstrated remarkable financial growth and stability in recent years, marked by significant increases in revenue, net profit, and EPS. The company’s strategic alliance with Samsung and recent revenue surge underscore its robust market position and future potential. The optimistic share price forecasts for 2024 through 2030 further reinforce Dixon’s promising outlook. With ongoing expansion and solid financial performance, Dixon Technologies is poised for sustained success in the electronics manufacturing industry.
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