NSE: DIXON | BSE: 540699

Expensive Performer

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14301.90 1019.45 (7.68%)

High volume+gain today

NSE 11 Apr, 2025 3:31 PM (IST)

86,149.9

Market Cap

Market Leader

1.6

Beta 1Year

Very High Volatility

Dixon Technologies (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DIXON, BSE:540699 Dixon Technologies (India) Ltd.

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Dixon Technologies (India) Ltd.

21 Jan 2025

14301.90

7.68%

Looking to enter the component ecosystem

Buy: Dixon Technologies (India)...

Target

Motilal Oswal

Dixon Technologies (Dixon) reported better-than-expected revenue and EBITDA, driven by strong performance of the mobile and EMS segment, while PAT stood lower than our estimates on higher depreciation, interest, and minority interest.

Dixon Technologies (India) Ltd. is trading below its 100 day SMA of 15455.0

Dixon Technologies (India) Ltd.

21 Jan 2025

14301.90

7.68%

Dixon Technologies (HOLD): Strong quarter; eyes continued growth

Hold: Dixon Technologies (India)...

Target

BOB Capital Markets Ltd.

Q3 beat with topline up 117% to Rs 105bn; and PAT 3% below our estimate at Rs 1.7bn

Dixon Technologies (.. has an average target of 20076.80 from 5 brokers.

Dixon Technologies (India) Ltd.

21 Jan 2025

14301.90

7.68%

Growth acceleration guidance stronger than expected

Buy: Dixon Technologies (India)...

Target

Emkay

Dixon’s Q3 revenue grew 117% YoY to Rs104.5bn (down 9% QoQ, on seasonality), with margin stable QoQ at 3.7%; growth continued to be led by the Mobile & EMS segment (84% of 9M sales), with segment margin up by ~20bps QoQ. Backed by its strong order book, Dixon expects near double smartphone volume at ~60mn units in FY27E vs ~30mn in FY25E which would thus address ~60-65% of the outsourced opportunity

Dixon Technologies (India) Ltd.'s price crossed above 50Day SMA today

Dixon Technologies (India) Ltd.

20 Jan 2025

14301.90

7.68%

A step forward for backward integration

Buy: Dixon Technologies (India)...

Target

Sharekhan

Revenue growth of 117% was impressive backed by strong performance in the Mobiles & EMS segment (up 190% y-o-y). Management expects to clock a volume of 30 million phones in FY25 and 60 million phones by 2027. Mobile & EMS segments would be significant growth drivers.

Dixon Technologies (India) Ltd. is trading below its 100 day SMA of 15455.0

Dixon Technologies (India) Ltd.

14 Jan 2025, 12:00AM

14301.90

7.68%

Further legs to growth story

Buy: Dixon Technologies (India)...

Emkay

We initiate coverage on Dixon Technologies (Dixon) with BUY and DCF-based TP of Rs20,000 (implied Dec-26E EV/EBITDA of ~41x). With management style centered around promoting entrepreneurship and strong execution within the organization, and by closely aligning itself with India’s global manufacturing hub ambition in consumer electronics, Dixon has, over time, successfully gained leadership across verticals and continuously expanded into adjacencies.

Number of FII/FPI investors increased from 727 to 838 in Dec 2024 qtr.

Dixon Technologies (India) Ltd.

16 Dec 2024

14301.90

7.68%

JV with vivo provides significant headroom for growth; maintaining a Buy

Buy: Dixon Technologies (India)...

Target

Anand Rathi

Dixon Technologies has signed a binding term sheet with vivo India to undertake OEM business of electronic devices, including smartphones. The company would hold 51% stake in the JV, while vivo India would hold 49%, with no cross-stakes between them

Number of FII/FPI investors increased from 727 to 838 in Dec 2024 qtr.

Dixon Technologies (India) Ltd.

03 Dec 2024

14301.90

7.68%

More power to industry leader

Buy: Dixon Technologies (India)...

Target

Sharekhan

We retain our BUY rating with a revised PT of Rs. 18,800, factoring in a strong revenue/PAT CAGR of 53%/69% over FY2024-FY2027E. The stock currently trades at 82x/62x its FY2026E/FY2027E earnings, respectively.

Dixon Technologies (.. has an average target of 20076.80 from 5 brokers.

Dixon Technologies (India) Ltd.

22 Nov 2024

14301.90

7.68%

Growth drivers beyond PLI

Buy: Dixon Technologies (India)...

Target

Motilal Oswal

We assess Dixon’s growth and margin profile beyond PLI in light of market concerns over its long-term growth and margins. In this note, we try to highlight that despite PLI ending in FY26, the mobile segment will continue to deliver healthy growth, driven by client additions, improved wallet share, and export opportunities.

Dixon Technologies (India) Ltd. has gained 82.30% in the last 1 Year

Dixon Technologies (India) Ltd.

27 Oct 2024

14301.90

7.68%

Growth momentum continues, bright outlook; maintaining a Buy

Buy: Dixon Technologies (India)...

Anand Rathi

The good growth momentum from Q1 continued for Dixon in Q2, largely from the cell-phone category. Backward integration in mobiles via screen manufacturing is underway while tie-ups for camera modules and mechanicals is being explored.