Dixon Technologies (India) Ltd
Dixon Technologies (India) Ltd (DIXON)

Dixon Technologies (India) Ltd (DIXON)

₹4314.353.47%

Key Stats

₹4301.1
Day's Price Range
₹4512.7
₹3180.55
52-Week Price Range
₹6243.6
1 Month Return9.69 %
3 Month Return26.7 %
1 Year Return1.66 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 19
117.69
EPS
Rank 9
₹36.96
BVPS
Rank 11
₹167.95
Dividend Yield
Rank 19
0.03%
ROE
Rank 9
18.57%
Price To Book Ratio
Rank 19
25.89
Debt To Asset
Rank 4
0.74

Company Information

Dixon Technologies India Limited is the largest homegrown designfocused and solutions company engaged in manufacturing products in the consumer durables lighting and mobile phones markets in India. Its diversified product portfolio includes i consumer electronics like LED TVs ii home appliances like washing machines iii lighting products like LED bulbs and tubelights downlighters and CFL bulbs iv mobile phones and v CCTV Digital Video Recorders DVRs. The Company also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes mobile phones and LED TV panels. Dixon is a fully integrated endtoend product and solution suite to original equipment manufacturers OEMs ranging from global sourcing manufacturing quality testing and packaging to logistics. It is also a leading Original Design Manufacturer ODM of lighting products LED TVs and semiautomatic washing machines in India. As an ODM the company develops and designs products inhouse at its RD centre. The Company manufactures and supplies these products to wellknown companies in India who in turn distribute these products under their own brands.Dixon Technologies India Limited was incorporated as Weston Utilities Limited at Alwar Rajasthan on January 28 1993. The name of the company was changed to Dixon Utilities and Exports Limited on July 14 1993. In 1994 the company commenced manufacture of colour televisions. In 1996 the company established its manufacturing facility at Noida I. The company was converted to a private limited company and the name of the Company was changed to Dixon Utilities and Exports Private Limited on December 10 2002. Further the name of the company was changed to Dixon Technologies India Private Limited on January 3 2006 to emphasise the relevance of technology in the operations of the company. In 2007 the company commenced manufacturing of LCD TVs.In 2008 the company entered the lighting products vertical with manufacture of CFL products. It also started providing reverse logistics services in 2008. During the year under review IBEF I and IBEF whose investments are advised and managed by MOPE Investment Advisors Private Limited subsidiary of Motilal Oswal Financial Services Limited made investment in the company.During the calendar years 2009 and 2010 the companys erstwhile subsidiary Dixon Bhurji Moulding Private Limited DBMPL commenced commercial manufacturing in the metal sheet and moulding segments.In 2010 the company commenced manufacturing LED TVs. During the year under review the companys erstwhile subsidiary Dixon Appliances Private Limited DAPL commenced manufacturing of semiautomatic washing machines.The company achieved revenue from operations of more than Rs 1000 crore on standalone basis during the financial year ended 31 March 2014.In 2015 the company acquired remaining shareholding of its erstwhile subsidiaries DAPL and DBMPL pursuant to which they became our wholly owned subsidiaries of the company.In 2016 the company started manufacturing of LED products. During the year under review the companys joint venture Padget Electronics Private Limited PEPL commenced manufacture of mobile phones. During the year under review the company received approval from the state government of Andhra Pradesh for setting up a manufacturing facility in Tirupati.In 2017 Pursuant to the Amalgamation Order the companys two wholly owned subsidiaries DAPL and DBMPL were amalgamated with the company. During the year under review the companys joint venture company AIL Dixon Technologies Private Limited ADTPL entered into a joint venture agreement with Aditya Infotech Limited for the manufacture of security systems including CCTVs and Digital Video Recorders DVRs.The Company was converted to a public limited company on May 2 2017 with the name of Dixon Technologies India Limited. The company came out with an initial public offer IPO during the period from 6 September 2017 to 8 September 2017. The IPO was a combination of fresh issue of Rs 60 crore and an Offer for Sale of upto 30.53 lakh shares by the selling shareholders. The stock debuted at Rs 2725 on BSE on 18 September 2017 a premium of 54.3 compared to the IPO price of Rs 1766 per share.On 10 October 2017 Dixon Technologies India announced that it has entered into Design Manufacture and Supply agreement with Flipkart India Private Limited on 9 October 2017. Pursuant to the said agreement the company shall be undertaking designing and manufacturing televisions washing machines and other electrical appliances for Flipkart under their trade mark MARQ.On 2 January 2018 Dixon Technologies India announced that AIL Dixon Technologies Private Limited a Joint Venture Company of Dixon Technologies India Limited the Company has commenced manufacturing of CCTVs and DVRs under the Trademark CP Plus on 2 January 2018 from its manufacturing facility situated at Tirupati.On 4 October 2018 Dixon Technologies India Limited and Xiaomi India entered into agreement for manufacturing of LED TVs for Xiaomi Mi LED TVs as another step towards their commitment to Make in India. Dixon shall be manufacturing Mi TVs for Xiaomi from its facility located at Tirupati Andhra Pradesh where it has recently commenced production of Liquid Crystal module LCM Line under Central Governments flagship programme Make in India and such LCM line provides overall cost efficiency to Dixons elite allies. Dixon Technologies has commenced its local production of Mi LED TVs with Mi LED Smart TV 4A 80cm 32 and Mi LED Smart TV 4A 180cm 43 for now..
OrganisationDixon Technologies (India) Ltd
HeadquartersNoida
IndustryConsumer Durables