Dixon Technologies (India) Ltd.

NSE: DIXON | BSE: 540699

Expensive Performer

Check Buy or Sell

3928.00 49.25 (1.27%)

53.86% Gain from 52W Low

1.4M NSE+BSE Volume

NSE Jun 01, 2023 02:55 PM

1

Broker 1Year buys

1 active buys

1

Broker 1Year sells

1 active sells

2

Broker 1Year neutral

2 active holds

Outperformer

Dixon Technologies outperforms Nifty 50 by 16.1% in the past week, after announcing Q4FY23 results See details

Dixon Technologies (India) Ltd. share price forecast

View 15 reports from 4 analysts offering long term price targets for Dixon Technologies (India) Ltd.. Dixon Technologies (India) Ltd. has an average target of 3712.50. The consensus estimate represents a downside of -5.49% from the last price of 3928.00.

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	29 May 2023	Dixon Technologies (..	Sharekhan Reco Target	3928.00	4050.00	3878.75 (1.27%)	3.11	Hold	pdf post cache		Broker Report Dixon Technolog Sharekhan pdf Share on Share on Share on Share on Comment
	26 May 2023	Dixon Technologies (..	ICICI Direct Target	3928.00	3700.00	3661.20 (7.29%)	-5.80	Hold	pdf post cache		Broker Report Dixon Technologies ICICI Direct pdf Share on Share on Share on Share on Comment
	24 May 2023	Dixon Technologies (..	ICICI Securities Limited	3928.00	3000.00	3275.65 (19.92%)	23.63	Sell	pdf post cache		Broker Report Healthy improvement in margins but need higher margin of safety on valuations to be constructive ICICI Securities Limited While the company has taken the right steps to improve share of ODM, initiated cost saving measures, we believe weaker demand for white goods and durables is likely to impact revenue growth in near term. pdf Share on Share on Share on Share on Comment
	23 May 2023	Dixon Technologies (..	BOB Capital Markets Ltd. Target	3928.00	4100.00	3275.65 (19.92%)	4.38	Buy	pdf post cache		Broker Report Dixon Technologies (BUY): In-line quarter; strong guidance reiterated BOB Capital Markets Ltd. Q4 topline of Rs 30.7bn in line with our estimate while improved ODM contribution aided a margin beat pdf Share on Share on Share on Share on Comment
	27 Jan 2023	Dixon Technologies (..	ICICI Securities Limited Reco Target	3928.00	3000.00	3363.80 (16.77%)	Target met	Sell	pdf post cache		Broker Report Steep reduction in revenue guidance; Downgrade to REDUCE ICICI Securities Limited Dixon had earlier guided for FY23E revenues of Rs170bn and has now cut the guidance to ~Rs125bn. We note some of the issues such as reduction in prices of open cells for TV are likely to hurt in coming quarters too. Also slowdown in white goods and durables due to steep inflationary pressures is also likely to impact the production in near term. pdf Share on Share on Share on Share on Comment
	23 Oct 2022	Dixon Technologies (..	ICICI Direct Reco Target	3928.00	4730.00	4275.00 (-8.12%)	20.42	Hold	pdf post cache		Broker Report Dixon Technologies ICICI Direct pdf Share on Share on Share on Share on Comment
	21 Oct 2022	Dixon Technologies (..	BOB Capital Markets Ltd. Target	3928.00	5200.00	4275.00 (-8.12%)	32.38	Buy	pdf post cache		Broker Report Dixon Technologies (BUY): Buoyant numbers, bright prospects BOB Capital Markets Ltd. Strong Q2 beat with topline up 38% YoY to Rs 39bn and PAT 15% ahead of our estimates at Rs 777mn pdf 1 Share on Share on Share on Share on Comment
	21 Oct 2022	Dixon Technologies (..	ICICI Securities Limited Reco Target	3928.00	4120.00	4295.80 (-8.56%)	Target met	Hold	pdf post cache		Broker Report Mobile & EMS segment drives growth; ODM services to drive margins ICICI Securities Limited Dixon maintained its strong revenue growth trajectory in 2QFY23, led by healthy growth in home appliances (62% YoY) and mobile & EMS (166.4% YoY) segment. pdf Share on Share on Share on Share on Comment
	04 Aug 2022	Dixon Technologies (..	BOB Capital Markets Ltd.	3928.00	4500.00	3827.30 (2.63%)	Target met	Buy	pdf post cache		Broker Report Dixon Technologies (BUY): Annual report analysis: Targeting higher EMS share BOB Capital Markets Ltd. Key initiatives taken in FY22 to bolster business in electronic manufacturing services (EMS), including PLI initiatives pdf Share on Share on Share on Share on Comment
	28 Jul 2022	Dixon Technologies (..	ICICI Direct Target	3928.00	4200.00	3578.50 (9.77%)	Target met	Buy	pdf post cache		Broker Report Dixon Technologies ICICI Direct pdf 1 Share on Share on Share on Share on Comment
	27 Jul 2022	Dixon Technologies (..	BOB Capital Markets Ltd.	3928.00	4500.00	3699.90 (6.17%)	Target met	Buy	pdf post cache		Broker Report Dixon Technologies (BUY): Strong Q1 topline; remains the best PLI play BOB Capital Markets Ltd. Mobiles segment drove Q1 topline growth; calibrated pricing action and cost-saving initiatives helped improve margins sequentially pdf Share on Share on Share on Share on Comment
	01 Jun 2022	Dixon Technologies (..	ICICI Direct	3928.00	4470.00	3892.30 (0.92%)	Target met	Buy	pdf post cache		Broker Report Dixon Technologies ICICI Direct pdf Share on Share on Share on Share on Comment
	31 May 2022	Dixon Technologies (..	Axis Direct Reco Target	3928.00	4450.00	3858.70 (1.80%)	Target met	Buy	pdf post cache		Broker Report Result Update:Dixon Technolog. Axis Direct We remain positive over the long term. We value Dixon at 50x FY24 E EPS of Rs 89/ share arriving at the target price of Rs 4,450 pdf Share on Share on Share on Share on Comment
	31 Jan 2022	Dixon Technologies (..	ICICI Securities Limited Target	3928.00	5700.00	4407.25 (-10.87%)		Buy	pdf post cache		Broker Report Dixon Technologies ICICI Securities Limited pdf Share on Share on Share on Share on Comment
	31 Oct 2021	Dixon Technologies (..	ICICI Securities Limited Target	3928.00	5990.00	4993.55 (-21.34%)		Buy	pdf post cache		Broker Report Dixon Technologies ICICI Securities Limited pdf Share on Share on Share on Share on Comment
	08 Oct 2021	Dixon Technologies (..	Edelweiss	3928.00	5832.00	5254.10 (-25.24%)	Target met	Buy	pdf post cache		Broker Report Pick of the Week - Dixon Technologies (India) Limited Edelweiss Dixon is a leading player in the Indian electronics manufacturing services industry. pdf 2 Share on Share on Share on Share on Comment
	29 Jul 2021	Dixon Technologies (..	Axis Direct Reco Target	3928.00	4510.00	4234.65 (-7.24%)	Target met	Hold	pdf post cache		Broker Report Result Update:Dixon Technolog. Axis Direct Given encouraging long-term potential but limited upside potential from CMP, we recommend a HOLD on the stock. pdf Share on Share on Share on Share on Comment
	28 Jul 2021	Dixon Technologies (..	ICICI Securities Limited Target	3928.00	5050.00	4415.65 (-11.04%)	Target met	Buy	pdf post cache		Broker Report Dixon Technologies ICICI Securities Limited Dixon operates in both original equipment manufacturing (OEM) and original design manufacturing (ODM) Strong RoE, RoCE at ~20%, ~24%, respectively (three year's average)... pdf Share on Share on Share on Share on Comment
	02 Jun 2021	Dixon Technologies (..	Axis Direct	3928.00	4500.00	4236.85 (-7.29%)	Target met	Buy	pdf post cache		Broker Report Result Update:Dixon Technolog. Axis Direct We have rolled forward our estimates to FY24 valuing Dixon at 50x FY24 E EPS of Rs 90 arriving at a target price of Rs 4,500 which gives an upside of 10% from CMP. Maintain BUY. pdf Share on Share on Share on Share on Comment
	30 May 2021	Dixon Technologies (..	ICICI Securities Limited Target	3928.00	4635.00	3996.65 (-1.72%)	Target met	Buy	pdf post cache		Broker Report Dixon Technologies ICICI Securities Limited We tweak our revenue, PAT estimate downward by 6%, ~13%, respectively, for FY22E considering the impact of lockdown in Q1FY22. However, a strong balance sheet, increased backward integration and increasing share of Dixon in domestic electronic manufacturing are expected to result in strong PAT CAGR of 87% in FY21-23E. We reiterate our BUY recommendation on... pdf Share on Share on Share on Share on Comment
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