Dixon Technologies (India) Ltd., founded in 1993 by Sunil Vachani and headquartered in Noida, Uttar Pradesh, is a leading electronics manufacturing services (EMS) company in India. The company provides design-focused solutions across consumer durables, home appliances, lighting, mobile phones, and security devices, along with repair and refurbishment services for products like set-top boxes and LED TV panels. Dixon Technologies operates 17 manufacturing units across India, producing a diverse range of goods, including televisions, washing machines, smartphones, and LED bulbs. With strong partnerships with major brands such as Samsung, Xiaomi, Panasonic, and Philips, Dixon reported a revenue of ₹17,960 crore (approximately $2.2 billion) and a net income of ₹367 crore (approximately $44 million) for fiscal year 2024. As the company continues to expand into new verticals and markets, it remains a key player in the EMS industry, driving innovation in electronics manufacturing.
About Dixon Technologies
Dixon Technologies (India) Limited is in the electronic manufacturing services (EMS) business. They specialize in providing design-focused solutions for various products, including but not limited to:
- Consumer durables
- Home appliances
- Lighting
- Mobile phones
- Security devices
In addition to manufacturing, they also offer repairing and refurbishment services for a range of products such as set-top boxes, mobile phones, and LED TV panels.
Their business encompasses both the manufacturing of electronic goods and related services, and they cater to customers both in India and around the globe.
Latest news about Dixon Technologies (India)
Dixon Technologies recently announced a strategic partnership with Samsung to manufacture 5G smartphones at its Noida facility. This collaboration is set to enhance Dixon’s production capacity and strengthen its presence in the rapidly expanding 5G market, aligning with the company’s growth strategy in the high-tech segment. In addition to this significant partnership, Dixon Technologies reported a robust financial performance for the quarter ending June 30, 2024, with a 15% increase in revenue compared to the same period last year. This growth has been driven by the rising demand for consumer electronics and home appliances, underscoring Dixon’s strong market position and operational efficiency.
The trading platforms where Dixon Technologies shares can be purchased are as follows:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
As of 19th August 2024, Dixon technologies share price is trading at Rs.12,550 per share
| When | Maximum Price | Minimum Price |
| August 2024 | 12,628.15 | 10,981.00 |
| September 2024 | 13,133.28 | 11,420.24 |
| October 2024 | 12,875.76 | 11,196.32 |
| November 2024 | 13,390.80 | 11,644.17 |
| December 2024 | 13,524.70 | 11,760.61 |
In August 2024, Dixon Technologies (India) Ltd is projected to experience a maximum share price of ₹12,628.15 and a minimum of ₹10,981.00. In September, the company’s share price is expected to peak at ₹13,133.28, with a minimum of ₹11,420.24. Moving into October, Dixon Technologies (India) Ltd may see a maximum price of ₹12,875.76 and a minimum of ₹11,196.32. By November, the share price could reach up to ₹13,390.80, with a low of ₹11,644.17. Finally, in December 2024, Dixon Technologies (India) Ltd is anticipated to achieve a maximum price of ₹13,524.70, while the minimum could be ₹11,760.61.
| When | Maximum Price | Minimum Price |
| January 2025 | 13,659.95 | 10,507.65 |
| February 2025 | 13,797.93 | 10,613.79 |
| March 2025 | 14,087.69 | 10,836.68 |
| April 2025 | 13,948.20 | 10,729.39 |
| May 2025 | 13,541.95 | 10,416.88 |
| June 2025 | 14,151.33 | 10,885.64 |
| July 2025 | 13,873.86 | 10,672.20 |
| August 2025 | 14,302.94 | 11,002.27 |
| September 2025 | 14,474.58 | 11,134.29 |
| October 2025 | 14,850.92 | 11,423.78 |
| November 2025 | 15,222.19 | 11,709.38 |
| December 2025 | 15,907.19 | 12,236.30 |
As we step into January 2025, Dixon Technologies (India) Ltd is expected to see its share price range between ₹10,507.65 and ₹13,659.95. By December 2025, the price might reach up to ₹15,907.19 and drop to ₹12,236.30.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹17,167.78 | ₹9,277.45 |
| 2027 | ₹19,164.56 | ₹9,905.19 |
| 2028 | ₹20,810.38 | ₹16,905.19 |
| 2029 | ₹22,957.04 | ₹15,978.52 |
| 2030 | ₹24,544.15 | ₹18,880.91 |
In 2026, Dixon Technologies (India) Ltd is projected to see its share price reach a maximum of ₹17,167.78 and a minimum of ₹9,277.45. As we approach 2027, the share price is expected to climb to ₹19,164.56 at its peak, with a low of ₹9,905.19. By 2028, Dixon Technologies (India) Ltd may see its maximum price rise to ₹20,810.38 and its minimum to ₹16,905.19. In 2029, the shares might reach a high of ₹22,957.04 and a low of ₹15,978.52. Looking ahead to 2030, Dixon Technologies (India) Ltd could experience a maximum share price of ₹24,544.15 and a minimum of ₹18,880.91.
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% |
The financial performance of the company over the past five years, from March 2020 to March 2024, demonstrates strong growth across key metrics. Sales revenue saw a consistent increase from ₹4,400 crore in March 2020 to ₹17,691 crore in March 2024, reflecting a compounded growth driven by expanding operations and market demand. This upward trend continued in the trailing twelve months (TTM), with sales reaching ₹20,999 crore.
Operating profit has also improved, rising from ₹228 crore in March 2020 to ₹698 crore in March 2024, with the TTM figure at ₹814 crore. However, the operating profit margin (OPM%) has remained steady at 4%-5% over the years, indicating stable cost management despite growing revenues.
The company’s net profit increased significantly from ₹120 crore in March 2020 to ₹375 crore in March 2024, and further to ₹447 crore in the TTM period. This growth translated into rising earnings per share (EPS), which went from ₹20.81 in March 2020 to ₹61.47 in March 2024, with the TTM EPS reaching ₹72.39. Additionally, the dividend payout ratio increased gradually, from 4% in March 2020 to 8% in March 2024, reflecting the company’s commitment to rewarding shareholders amidst its growing profitability.
FAQs
It is anticipated that Dixon Technologies per share price will increase to ₹13,524.70 by the end of 2024.
The share price target of Dixon Technologies for 2025 might be around ₹15,907.19.
What risks should I consider before investing in Dixon Technologies?
As with any investment, there are risks associated with investing in Dixon Technologies. Some potential risks to consider include market volatility, changes in consumer demand, competition from other companies, regulatory changes, and more.
The per share price of Dixon Technologies (India) might reach around ₹24,544.15 by the end of 2030.
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Conclusion: Should you buy Dixon Technologies in 2024?
In conclusion, Dixon Technologies (India) Ltd has shown impressive financial growth and stability over recent years, with substantial increases in revenue and net profit, and a rising EPS. The company’s strategic partnership with Samsung and its recent revenue boost highlight its strong market position and future potential. Positive share price projections for 2024 through 2030 further reflect Dixon’s promising outlook. With its continued expansion and strong financial performance, Dixon Technologies is well-positioned for sustained success in the electronics manufacturing sector.
What did we learn?
- 1 About Dixon Technologies
- 2 Latest news about Dixon Technologies (India)
- 3 How to buy Dixon Technologies shares?
- 4 Share Price Target of Dixon Technologies (India): 2023 to 2030
- 5 Financial Condition of Dixon Technologies: Last 5 years
- 6 FAQs
- 7 Also read:
- 8 Conclusion: Should you buy Dixon Technologies in 2024?
