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    Dixon Technologies (India) Limited

    Contract manufacturer (EMS/ODM) making mobiles, TVs, appliances, IT hardware & telecom gear for other brands.

    Consumer Durables
    Consumer Discretionary
    View DIXON earnings calls
    ₹12,517
    +11.02% from avg

    Overview

    Price

    ₹12,517

    Market Cap

    ₹85.0k Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1212121212121212
    Reserves5307269851.3k1.7k3.0k4.1k4.7k
    Borrowings872956674534896711.4k994
    Other Liabilities1.1k1.8k2.6k2.9k4.8k13.1k14.2k13.5k
    Total Liabilities1.7k2.8k4.3k4.7k7.0k16.8k19.7k19.2k
    AssetsFixed Assets4145501.0k1.2k2.0k2.8k4.0k4.2k
    CWIP10722212068257331571
    Investments09514144205361.2k1.0k
    Other Assets1.3k2.1k3.1k3.3k4.9k13.2k14.1k13.4k
    Total Assets1.7k2.8k4.3k4.7k7.0k16.8k19.7k19.2k

    Valuation

    Assumptions

    Current — DIXON
    Price
    ₹12,517
    EPS (TTM)
    ₹134.37
    PE (TTM)
    93.2
    Profit growth
    54.8%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (114.9×) and current (93.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹12,517
    vs
    Fair value · 15% return
    ₹57,722
    361%Undervalued

    At 54.8% growth and a 93× exit, ₹12517 only delivers your return if you pay ₹57,722. The price is currently baking in 18% growth.

    EPS grows 54.8%/yr for 5 years, then fades to 6% over 2, exits at 93×.

    YearGrowthEPS (₹)
    FY2754.8%208.00
    FY2854.8%321.99
    FY2954.8%498.44
    FY3054.8%771.59
    FY3154.8%1194.42
    FY3230.4% ·fade1557.52
    FY336.0% ·fade1650.98

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Dixon Technologies (India) Limited

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