Dixon Techno (India) Ltd
NSE: DIXON · Consumer Electronics · sector
₹11,161.00NSE close 2026-10-26
Key numbers
Market cap₹68,194 cr
Price₹11,161.00
52w high / low₹16,264 / ₹9,600
P/E32.5xSector median 14.6x
P/B14.6xSector median 2.4x
Book value₹765.4
Dividend yield0.17%Sector median 0.17%
ROE48.8%Sector median 13.9%
ROCE52.1%Sector median 12.0%
OPM3.6%Sector median 6.8%
Debt / equity0.10xSector median 0.13x
EV/EBITDA36.5xSector median 12.2x
Interest cover20.8x
Current ratio1.06x
Sales growth 3y+58.9%Sector median +16.4%
Profit growth 3y+77.9%Sector median +36.4%
PEG0.38x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Consumer Electronics (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,241 cr vs borrowings ₹468 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 20.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 66% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹11,161.00 on 2026-10-26: -31.4% from the 52-week high, +16.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹18,401.95 · low ₹9,804.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,534 | 10,454 | 10,293 | 12,836 | 14,855 | 10,672 | 10,511 | 15,548 |
| EBITDA | 636 | 391 | 693 | 482 | 561 | 414 | 408 | 463 |
| OPM % | 5.5% | 3.7% | 6.7% | 3.8% | 3.8% | 3.9% | 3.9% | 3.0% |
| Other income | -6 | 6 | 11 | 2 | 496 | 131 | 84 | 528 |
| Net profit | 390 | 171 | 401 | 225 | 670 | 287 | 256 | 663 |
| EPS (₹) | 68.82 | 36.12 | 77.59 | 46.47 | 123.60 | 53.06 | 49.22 | 118.00 |
| Revenue YoY | +28.8% | +2.1% | +2.1% | +21.1% | ||||
| Profit YoY | +71.9% | +67.8% | -36.0% | +194.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 10,697 | 12,192 | 17,691 | 38,860 | 48,873 | 51,585 |
| EBITDA | 379 | 513 | 698 | 1,968 | 1,867 | 1,847 |
| Net profit | 190 | 256 | 368 | 1,096 | 1,439 | 1,877 |
| EPS (₹) | 32.31 | 42.92 | 62.84 | 205.70 | 271.59 | 343.88 |
| Revenue growth | +14.0% | +45.1% | +119.7% | +25.8% | +14.3% | |
| Profit growth | +34.4% | +43.9% | +197.9% | +31.3% | +58.2% | |
| Dividend / share (₹) | 1.00 | 2.00 | 3.00 | 5.00 | 8.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +58.9% | +49.9% | +14.3% |
| Net profit | +77.9% | +55.2% | +58.2% |
| EPS | +85.0% | +58.1% | – |
| Share price | – | -12.9% (2y) | -27.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,285 | 1,695 | 3,010 | 4,677 |
| Borrowings | – | 183 | 155 | 202 | 468 |
| Cash & equivalents | – | 259 | 209 | 264 | 1,241 |
| Total assets | – | 4,679 | 6,991 | 16,767 | 19,162 |
| Fixed assets | – | 942 | 1,637 | 2,109 | 2,720 |
| Capital work in progress | – | 120 | 64 | 256 | 571 |
| Investments | – | 14 | 20 | 536 | 707 |
| Receivables | – | 1,715 | 2,318 | 6,965 | 6,530 |
| Inventory | – | 958 | 1,695 | 3,992 | 3,837 |
| Payables | – | 2,452 | 4,060 | 10,884 | 10,722 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 273 | 726 | 584 | 1,150 | 1,782 |
| Cash from investing | -464 | -356 | -531 | -1,229 | -1,251 |
| Cash from financing | 304 | -330 | -70 | -27 | -108 |
| Capex | 421 | 461 | 584 | 939 | 1,068 |
| Free cash flow | -148 | 265 | -0 | 210 | 715 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.9% | 21.7% | 36.4% | 30.8% |
| ROCE % | – | 27.5% | 30.2% | 53.1% | 42.5% |
| Debtor days | – | 51 | 48 | 65 | 49 |
| Inventory days | – | 32 | 39 | 41 | 31 |
| Payable days | – | 81 | 92 | 111 | 86 |
| Cash conversion cycle (days) | – | 2 | -5 | -5 | -6 |
| Working capital days | – | 6 | 2 | 5 | 6 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 28.50% |
| FIIs | 18.96% |
| DIIs | 28.71% |
| of which Mutual funds | 19.26% |
| of which Insurance | 6.38% |
| Public (non-institutions) | 23.83% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 32.42% | 32.27% | 28.95% | 28.92% | 28.83% | 28.68% | 28.55% | 28.50% |
| Promoter group | % |
|---|---|
| PSV Family Trust Under the Trustees MR. Sunil Vachani and MRS. Gayatri Vachani | 15.45% |
| Gayatri Vachani | 6.36% |
| KSV Family Trust Under the Trustees MR. Sunil Vachani and MRS. Gayatri Vachani | 3.86% |
| Sunil Vachani | 2.03% |
| Suresh Vaswani | 0.77% |
| Ravi Vachani | 0.03% |
| Vachani Kamal Vachani Sunder | 0.01% |
| Prithvi Vachani | 0.00% |
| Karishma Vachani | 0.00% |
| Topline Electronics Private Limited | 0.00% |
| Prikar Holding Private Limited | 0.00% |
| Vachani Capital Partners | 0.00% |
| Legacy Labs | 0.00% |
| Public holders above 1% | % |
|---|---|
| Kamla Vachani | 6.17% |
| Atul Behari Lall | 3.18% |
| Nippon Life India Trustee Ltd-a/c Nippon India NIF | 2.91% |
| NPS Trust A/C UTI Pension Fund Limited-scheme Cent | 2.53% |
| Kotak Focused Fund | 2.35% |
| Motilal Oswal Quality Fund | 1.91% |
| HDFC Trustee Company Limited-hdfc Flexi CAP Fund | 1.72% |
| SBI Life Insurance Co. Ltd | 1.52% |
| Tata AIA Life Insurance Co Ltd- Life Equity Fund-u | 1.49% |
| Mirae Asset Large & Midcap Fund | 1.44% |
| UTI Nifty500 Shariah Index Fund | 1.24% |
| HDFC Life Insurance Company Limited | 1.14% |
| Canara Robeco Mutual Fund A/C Canara Robeco Large | 1.12% |
4,23,375 shareholders. Pledged: 0.00% of promoter shares.
Peers in Consumer Electronics
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DIXON | ₹68,194 cr | 32.5x | 14.6x | 48.8% | 52.1% | 3.6% | +58.9% | 0.17% |
| HAVELLS | ₹63,381 cr | 38.1x | 6.5x | 18.0% | 22.5% | 8.9% | +10.0% | 0.99% |
| PGEL | ₹13,565 cr | 65.9x | 4.5x | 7.0% | 10.0% | 7.1% | +34.8% | 0.05% |
| IKIO | ₹1,266 cr | 25.9x | 2.1x | 8.0% | 11.4% | 13.7% | +18.4% | 0.00% |
| ONIDA | ₹930 cr | – | 3.9x | -42.0% | -19.3% | -9.4% | -15.9% | – |
| SMAART | ₹348 cr | 14.1x | – | – | – | – | – | – |
| VETO | ₹231 cr | 8.4x | 0.8x | 9.8% | 12.5% | 9.9% | +9.9% | 0.83% |
| BPL | ₹190 cr | – | 0.8x | -6.0% | -3.4% | -13.7% | +14.4% | – |
| NANTA | ₹119 cr | 14.6x | 2.7x | 18.2% | 24.8% | 16.4% | – | – |
| CWD | ₹115 cr | 51.5x | 1.4x | 19.8% | 29.2% | 15.4% | +84.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-21 | Dividend | Dividend - Rs 10 Per Share |
| 2025-09-16 | Dividend | Dividend - Rs 8 Per Share |
| 2024-09-17 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-08-11 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2021-03-18 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2020-09-21 | Other | Annual General Meeting |
| 2020-03-24 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2019-07-23 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2018-07-17 | Dividend | Annual General Meeting/Dividend- Rs 2 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing & Design: Consumer Electronics
- Manufacturing & Design: Home Appliances & Engineering
- Manufacturing & Design: Lighting
- Manufacturing & Design: Mobile Phones
| Sector | Consumer Discretionary |
| Industry | Consumer Electronics |
| Sub-industry | Consumer Electronics |
| Symbol | DIXON |
| BSE code | 540699 |
| ISIN | INE935N01020 |
| Face value | ₹2.0 |
| Incorporated | 1993-01-15 |
| Website | www.dixoninfo.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.