Obermatt

Dixon Technologies (India)

NSI:DIXON · INE935N01020
Household DurablesLarge

360

33
EV / EBIT3
Price / Owner Earnings1
Owner Earnings Yield12
Dividend Yield40
Price/Sales68
EV / Gross Profit1
Price/Book7
Return on Capital95
Cash Return on Capital84
Return on Equity95
EBIT Margin5
Gross Profitability49
Cash Conversion64
Owner Earnings Margin12
Sales growth98
Profit Growth47
Long-Term EPS Growth97
Reinvestment32
Price momentum24
Debt load65
Refinancing6
Debt Payback100
Liquidity65
Analyst ratings44
Opinion Changes70
Price Target Upside16
Market mood70
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Dixon Technologies (India) clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryHousehold Durables
SizeLarge
TypePublic Company
ExchangeNSEI
Founded1993
Employees2,386
ISININE935N01020
Last UpdateApr 2, 2026
Index & Theme
Optical Infrastructure5GDetectors, Sensors and MemsWearablesSensorsInjection MoldingHardwareSoftware

Description

Dixon Technologies (India) Limited engages in electronic manufacturing services, focusing on a wide range of product categories, including consumer electronics, lighting, and mobile devices in India. Business Segments The company operates across mu…

Analysis

Hope premium

Dixon Technologies (India) Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 83.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 26% a year, against analyst forecasts of 31%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 13/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
29
2023202420252026

All-time high

44

Jan 2025

All-time low

11

Mar 2026

Average rank

28

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
68
70
71
67
Price/Earnings
1
2
5
7
Price/Book
7
1
1
1
Dividend Yield
40
9
8
6
Value (overall)
18
13
20
21

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare Dixon Technologies (India) with its peers
Crompton Greaves Consumer Electricals
NSI:CROMPTON
50
CountryIndia
IndustryHousehold Durables
SizeMedium
Full Stock Analysis →
Kang Yong Electric
SET:KYE
79
CountryThailand
IndustryHousehold Durables
SizeSmall
Full Stock Analysis →
Havells India
NSI:HAVELLS
73
CountryIndia
IndustryElectrical Equipment
SizeLarge
Full Stock Analysis →
Inari Amertron
KLS:INARI
50
CountryMalaysia
IndustrySemiconductors & Semiconductor Equipment
SizeSmall
Full Stock Analysis →
Parade Technologies
TWO:4966
88
CountryCayman Islands
IndustrySemiconductors & Semiconductor Equipment
SizeMedium
Full Stock Analysis →
Helen of Troy
NSQ:HELE
20
CountryBermuda
IndustryHousehold Durables
SizeLarge
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →