Dashboard/DIXON

DIXON

OVERVALUED

Dixon Technologies

Consumer Durables · NSE

229.4% vs fair value

52W Low

9,600

+22.1% from low

52W High

18,471

-36.5% from high

News sentiment
30 bull33 neu15 bear

Valuation Gauge

OVERVALUED-229.4% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹11,720

Fair Value

₹3,557

Fair Value Analysis

₹3,557

Based on balance sheet strength analysis and earnings growth potential for Consumer Durables sector companies | ROCE improving (latest 41.2%) — capital allocation becoming more efficient.

Medium confidence

Balance Sheet Value

50% weight

₹1,879

Growth Valuation

50% weight

₹5,236

Price vs Market

DIXON
Nifty 50

Shareholding Pattern

Stock Health Score

B+

Financially Healthy

7.2 / 10

Profitability

10/10

ROE of 37.1% is above the Consumer Durables sector benchmark of 18% — strong returns

Debt & Leverage

10/10

D/E ratio of 0.2x is well within the Consumer Durables sector norm of 0.8x — strong balance sheet

Valuation vs Peers

6/10

P/E of 46.2x is in line with the Consumer Durables sector median of 51x — fairly valued

Cash Flow

2/10

FCF margin of 0.5% — very thin despite positive FCF (₹210 Cr)

Earnings Growth

10/10

5yr EPS CAGR of 79.3% is well above the Consumer Durables sector average of 16.9% — strong growth

Dividend

4/10

Dividend yield of 0.1% is symbolic — low but positive

Company Health Timeline

10-year financial health at a glance

FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
88
75
63
88
75
75
88
88
88
88
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

0.7%

Free cash flow / market cap

Revenue Growth (YoY)

+2.1%

Year-on-year revenue change

Profit Growth (YoY)

-35.9%

Year-on-year PAT change

Operating Cash Flow

₹1.8K Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹237.4

P/E Ratio

46.2x

P/B Ratio

16.6x

ROE

37.1%

ROCE

41.1%

Debt / Equity

0.18x

Beta

-0.12

Div Yield

0.1%

FCF (Cr)

₹210 Cr

Revenue (Cr)

₹38,593 Cr

EPS Growth 5Y

79.3%

Mkt Cap (Cr)

₹66,627 Cr

52W High

₹18,471

52W Low

₹9,600

Book Value/Share

₹661.9

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
2026-03-31₹48.9K Cr₹1.9K Cr4.0%₹1.6K Cr₹236.61
2025-03-31₹38.9K Cr₹1.5K Cr4.0%₹1.2K Cr₹181.87
2024-03-31₹17.7K Cr₹705 Cr4.0%₹375 Cr₹61.47
2023-03-31₹12.2K Cr₹519 Cr4.0%₹255 Cr₹42.90
2022-03-31₹10.7K Cr₹384 Cr4.0%₹190 Cr₹32.05
2021-03-31₹6.4K Cr₹292 Cr5.0%₹160 Cr₹27.28
2020-03-31₹4.4K Cr₹228 Cr5.0%₹120 Cr₹20.81
2019-03-31₹3.0K Cr₹136 Cr5.0%₹63 Cr₹11.19
2018-03-31₹2.8K Cr₹113 Cr4.0%₹61 Cr₹10.76
2017-03-31₹2.5K Cr₹92 Cr4.0%₹48 Cr₹8.66
2016-03-31₹1.4K Cr₹49 Cr4.0%₹43 Cr₹27.46
2015-03-31₹1.2K Cr₹32 Cr3.0%₹13 Cr₹7.65

Compounded Growth Rates

Sales Growth

3Y+58.9%
5Y+49.9%
10Y+42.8%

Profit Growth

3Y+86.1%
5Y+59.4%
10Y+44.0%

EPS Growth

3Y+76.7%
5Y+54.0%
10Y+24.0%

Peer Comparison

Consumer Durables
StockPriceFair ValueMoS%P/EROESignal

Senco Gold Limited

₹348₹913.6+61.9%11.422.8%FAIRLY_VALUED

PC Jeweller Limited

₹8.4₹17.2+51.2%11.99.1%FAIRLY_VALUED

Bata India

₹690.9₹1,308.2+47.2%5015.0%FAIRLY_VALUED

P N Gadgil Jewellers Limited

₹526₹864.8+39.2%19.723.3%UNDERVALUED

Whirlpool of India Limited

₹845₹1,119.4+24.5%32.68.2%UNDERVALUED

Bajaj Electricals

₹335.6₹382.9+12.3%126.46.6%FAIRLY_VALUED

Kalyan Jewellers India Limited

₹352₹317.2-11.0%2724.3%FAIRLY_VALUED

Cello World Limited

₹381.2₹295.9-28.8%28.414.7%OVERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

Loading filings…

Share this Stock

Download card · Share on WhatsApp

DIXON share card

Share on WhatsApp, Twitter, or any group — each share brings new users to Veritas Quant