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Not investment advice. Data and computed figures, for information only.

Dixon Technologies (India) Ltd

NSE: DIXONF&O
₹12,666.00
−₹154.00 (−1.20%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹78,139 Cr
CMP
₹12,666.00
52-wk High / Low
₹16,999 / 9,600
P/E
41.6
P/B
16.6
Book Value
₹769.0
Div Yield
0.08%
ROCE
29.0%
ROE
18.9%
Face Value
₹2
D/E
0.21

Price−27.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹2,023
√(22.5 × EPS × book value per share)
ROIC
20.7%
vs 12.3% sector median
Cash flow to profit
1.08
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−78
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
18.3%
ROE × earnings retention ratio
ROE stability
8.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.14FII −0.43DII +0.24
Latest quarter vs the previous one
Cash-accrual divergence
−0.8%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 23% vs the 2022 sector median of 18%)
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 5.8pp over the last year
Watch-outs
−Borrowings are up 1142.5% since FY2016 (80 to 994)
−Promoter holding fell by 5.5pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2724,9434,8184,6586,58011,53410,45410,29312,83614,85510,67210,51115,548
Expenses3,1404,7444,6344,4766,33211,10810,0639,85012,35314,29410,25710,10215,085
Operating Profit132199184182248426391443482561414408463
OPM %4.0%4.0%3.8%3.9%3.8%3.7%3.7%4.3%3.8%3.8%3.9%3.9%3.0%
Other Income634191620610265849713990537
Interest14172221293841463338432424
Depreciation3436415155667586939699105107
Profit before tax90149126130180529285576366924412370869
Net Profit671139797140412216465280746321298718
EPS (₹)11.5518.0216.1215.9122.3465.1528.5066.5437.20110.7247.3442.17108.60

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2011,3892,4572,8422,9844,4006,44810,69712,19217,69138,86048,87351,585
Expenses1,1691,3402,3652,7292,8484,1726,15610,31311,67316,98637,34547,00049,738
Operating Profit3249921131362282923845197051,5151,8731,847
OPM %2.7%3.5%3.7%4.0%4.6%5.2%4.5%3.6%4.3%4.0%3.9%3.8%3.6%
Other Income2231465144324977311,263
Interest10131613263933496481162141129
Depreciation78111522374484115162281393407
Profit before tax17516688941572172553454941,5702,0712,574
Net Profit13434861631201601902553751,2331,6442,082
EPS (₹)7.6527.468.6610.7611.1920.8127.2832.0542.9061.47181.87236.61308.83

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital3311111112121212121212—
Reserves821201863043675307269851,2731,6832,9984,665—
Borrowings8280434514187295667453489671994—
Other Liabilities1572155496069711,0691,8142,6132,9414,80613,07713,481—
Total Liabilities3244177899661,4911,6972,8464,2774,6796,99016,75819,152—
Fixed Assets971241371792414145501,0031,2441,9962,7744,172—
CWIP002161910722212068257571—
Investments60011809514144205361,007—
Other Assets2212946507591,2241,2732,1283,1113,2724,90513,19113,403—
Total Assets3244177899661,4911,6972,8464,2774,6796,99016,75819,152—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1044425368−32371702737265841,1501,782
Cash from Investing Activity1−22−22−43−100−64−99−265−464−356−531−1,093−1,138
Cash from Financing Activity−13−22−20−84269−5763304−330−70−27−108
Net Cash Flow−101110281−3211341−1730537

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.016.029.037.034.027.034.030.023.024.029.040.029.0
ROE %————————————18.9
EPS (₹)8.727.6527.468.6610.7611.1920.8127.2832.0542.9061.47181.87236.61
Book Value (₹)————————————769.0
Face Value (₹)————————————2
P/E————————————41.6
Div Yield %————————————0.08
NPM %1.31.13.02.02.12.12.72.51.82.12.13.13.3
OPM %2.02.73.53.74.04.65.04.53.64.34.03.93.8
D/E1.270.960.650.220.140.370.160.400.670.350.290.220.21
P/B————————————16.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+43.0%
5 years+50.0%
3 years+59.0%
TTM+14.0%
Compounded profit growth
10 years+35.0%
5 years+35.0%
3 years+41.0%
TTM+119.0%
Stock price CAGR
5 years+19.0%
3 years+34.0%
Last year−27.0%
Return on equity
10 years22.0%
5 years22.0%
3 years22.0%
Last year19.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters38.93%38.93%38.93%36.17%35.04%34.30%34.05%33.44%32.27%28.69%28.55%
FIIs8.92%8.92%6.04%10.76%19.84%16.39%12.04%17.85%21.81%18.30%17.87%
DIIs23.24%23.24%23.76%22.95%11.02%7.98%23.76%27.01%23.07%28.14%28.38%
Government———————————
Public28.91%28.91%31.27%30.12%34.10%41.33%30.13%21.71%22.86%24.87%25.20%
No. of shareholders34,83034,83032,13237,8432,12,7143,79,1603,67,7272,52,8433,75,6304,70,3264,70,189
Change since Jun 2023 (pp)
Promoters −10.38FIIs +8.95DIIs +5.14Public −3.71

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAnnouncement Under Regulation 30 Of SEBI LODR- Execution Of Intellectual Property License Agreement
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 21 Sep 2026
21 Sep 2026DIVIDENDDividend - Rs 10 Per Share—
16 Sep 2025DIVIDENDDividend - Rs 8 Per Share—
17 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
22 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
11 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
20 Sep 2021DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
18 Mar 2021SPLIT Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
24 Mar 2020DIVIDEND Interim Dividend - Rs 4 Per Share—
23 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
17 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman