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Dixon Technologies (India) (DIXON) had a P/E of 44.1× on 6 Nov 2026, in line with the industry P/E of 44.1×, and the shares are 20% below their 52-week high. It earns ROCE of 34% and ROE of 31%, and sales and net profit grew 59% and 78% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.18× equity. It is a mid-cap company with a market cap of ₹77,228 Cr, ranked 2nd of 10 Consumer Electronics companies by market cap; the shares fell 17% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹12,510.00
Day high
₹12,625.00
Day low
₹12,410.00
Prev. close
₹12,616.00
Volume
2.3 L

Health check

3 good · 2 fair · 1 to check
  • ReturnsIn line

    −17.3% over a year, better than 3 of 7 peers.

  • Price tagIn line

    P/E 44.1 vs industry 44.1.

  • GrowthStrong

    Sales +58.6%, profit +77.9% a year over 3 years.

  • ProfitabilityStrong

    ROCE 34.1% vs peer median 7.1%.

  • Balance sheetSolid

    Debt 0.18× equity, interest covered 16.6×, Piotroski 6 of 9.

  • Red flags1 to check

    Quarterly profit down 45.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Consumer Electronics

9 listed peers. Screen the industry

Mid cap

₹77,228 Cr, #2 of 10 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹58,523 Cr · profit ₹1,551 Cr
Market cap
₹77,228 Cr
Mid cap
P/E
44.1
Industry 44.1
Price to book
10.94
Peers 3.60
Dividend yield
0.08%
ROE
30.6%
Peers 4.3%
ROCE
34.1%
Peers 7.1%
Debt to equity
0.18
Debt ₹1,236 Cr
EPS (TTM)
₹286.50
Face value ₹2
OPM (TTM)
3.2%
Net margin 2.7%
Sales growth
+46.7%
Latest quarter vs a year ago
Profit growth
−45.1%
Latest quarter vs a year ago
Price to sales
1.32
EV/EBITDA 36.3

Strengths and risks

Strengths

  • Return on equity of 30.6%.
  • Return on capital employed of 34.1%.
  • Quarterly sales up 46.7% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 45.1% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Dixon Technologies (India)

Dixon Technologies (India) Limited, together with its subsidiaries, engages in the manufacture and sale of electronic goods in India and internationally. The company offers display solutions, such as LED TVs, interactive flat panels, digital signages, and monitors; and lightning solutions, including special lamps, battens, bulbs, downlights, and strips and rope lights. It also provides home appliances comprising semi-automatic top loader and fully…

Headquarters
Noida
Employees
1,319
Sector
Technology
ISIN
INE935N01020
Website
dixoninfo.com

Price range

52 weeks

₹9,600.00₹15,775.00

Today

₹12,410.00₹12,625.00
Avg volume (3M)
3.5 L
1-year return
minus 17.3%
From 52-week high
minus 20.0%

Analyst consensus

27 analysts
BuyMean target ₹14,213.15 plus 12.6%

Target range, with today’s price

Low ₹9,082.00High ₹18,000.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Consumer Electronics

Compare with peersScreen the whole industry
Company
LGEINDIALG Electronics India1,754.10minus 1.37%1,19,06361.915.5327.6%22.0%10.1%––0.00%plus 8.9%
DIXONDixon Technologies (India)12,625.00plus 0.07%77,22844.110.9434.1%30.6%3.2%58.6%77.9%0.08%minus 17.3%
VOEPLVirtuoso Optoelectronics486.25minus 4.98%1,74887.33.609.0%4.3%9.8%30.5%24.3%0.00%plus 11.7%
BPLBPL42.91minus 0.44%210–0.890.9%−3.9%3.6%14.4%–0.00%minus 40.9%
LASTMILELast Mile Enterprises4.40minus 6.78%15717.60.385.2%3.1%0.5%272.8%38.0%0.45%minus 64.8%
MTLMehul Telecom129.00minus 2.31%13522.83.6238.0%44.9%8.2%––0.00%plus 17.3%
PALREDTECPalred Technologies45.52plus 4.98%56–1.30–−8.6%−3.7%––0.00%minus 23.8%
SAMTELINSamtel India44.14plus 1.99%31551.816.35−20.8%37.6%−221.7%–−56.6%0.00%plus 2189.9%
Median of 7 peers–−1.37%15761.93.607.1%4.3%3.6%30.5%24.3%0.00%8.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
12,83610,67210,51115,54821,794
12,35310,25710,10215,08521,197
482414408463597
3.8%3.9%3.9%3.0%2.7%
8.41399053771.5
32.642.923.724.126
92.799105107110
366412370869532
23.4%22.1%19.4%17.4%22.8%
225287256663344
46.3052.6248.81117.8767.37

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+58.6%
Profit CAGR 3Y
+77.9%
EPS CAGR 3Y
+76.7%
ROE
30.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12,17317,61438,59348,537
–+44.7%+119.1%+25.8%
11,65116,91037,04546,670
5227041,5491,867
4.3%4.0%4.0%3.8%
−5.416.8−24.725.2
56.371.4144133
115162281393
−0.76.3471704
3454941,5702,071
26.0%24.1%21.5%20.6%
2563681,0961,439
–+43.9%+197.9%+31.3%
42.6961.27180.06235.67

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
11.91212.112.2
1,2731,6832,9984,665
453489671994
2,9414,80813,08613,491
4,6796,99116,76719,162
1,4382,0262,9804,172
24890.8302621
20.523.4522590
2451982281,170
2,7284,65312,73412,608
4,6796,99116,76719,162

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7265841,1501,782
−356−531−1,229−1,251
−330−70−26.6−108
40.6−16.6−106424
−461−584−939−1,068
265−0.1210715
−11.9−17.9−32.9−118

Shareholding pattern

Source: NSE filings
28.5%
promoters
  • Promoters28.50%
  • Public71.50%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202628.50%71.50%minus 0.05
30 Jun 202628.55%71.45%minus 0.13
31 Mar 202628.68%71.32%minus 0.15
31 Dec 202528.83%71.17%minus 0.09
30 Sep 202528.92%71.08%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you