1. Is Dixon Technologies (India) Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dixon Technologies (India) Ltd is a good quality company.
2. Is Dixon Technologies (India) Ltd undervalued or overvalued?
The key valuation ratios of Dixon Technologies (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Dixon Technologies (India) Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dixon Technologies (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||5.2%||8.4%||8.3%||17.2%||26.7%||22.5%||17.3%||25.5%||24.5%||17.5%||-|
|Value Creation Index ⓘ||-0.5||-0.3||-0.3||0.5||1.4||0.6||0.2||0.8||1.2||0.6||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||46.5%||5%||12.3%||31.4%||34.4%||14.3%||45.4%||54.6%||31.9%||-|
|Adj EPS ⓘ||2.1||4.2||5.9||15.2||8.1||10||9.8||19.3||26.1||25.4||28.3|
|YoY Gr. Rt. %||-||100.5%||42%||156.3%||-46.5%||22.8%||-2.1%||97.9%||35%||-2.7%||-|
|BVPS (₹) ⓘ||47.8||53.8||59.3||70.1||34.6||53.7||63.1||88.1||118.5||153.6||170|
|Adj Net Profit ⓘ||3.2||6.5||9.2||23.5||44.6||56.5||55.3||112||153||150||168|
|Cash Flow from Ops. ⓘ||43.1||6.8||41.1||26.6||46.1||61.4||-11.8||238||158||214||-|
|Debt/CF from Ops. ⓘ||2||12.8||1.5||2.6||1||0.7||-11.7||0.3||0.8||1.2||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||32%||25.6%||37.5%||-2.7%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||4.4||8.2||10.5||23.4||29.9||22.9||16.7||25.6||25.1||18.5||17.5|
|Op. Profit Mgn % ⓘ||2.4||1.6||2||3.3||5.2||4.8||5||5.6||4.8||3.8||4.1|
|Net Profit Mgn % ⓘ||0.4||0.6||0.8||1.9||2.7||2.6||2.2||3||2.7||2||2.2|
|Debt to Equity ⓘ||1.2||1||0.7||0.6||0.3||0.2||0.4||0.2||0.2||0.3||0.2|
|Working Cap Days ⓘ||88||59||60||57||61||65||92||87||87||86||92|
|Cash Conv. Cycle ⓘ||6,573||13||13||8||8||13||19||10||4||5||17|
Sales growth is growing at healthy rate in last 3 years 43.63%
Net Profit is growing at healthy rate in last 3 years 37.48%
Return on Equity has declined versus last 3 years average to 17.50%
Sales growth is not so good in last 4 quarters at 0.92%
|TTM EPS (₹)||28.3||39|
|TTM Sales (₹ Cr.)||7,557||12,748|
|BVPS (₹.) ⓘ||170||186.7|
|Reserves (₹ Cr.) ⓘ||1,000||1,100|
|From the Market|
|52 Week Low / High (₹)||3185.05 / 5858.85|
|All Time Low / High (₹)||366.18 / 6240.00|
|Market Cap (₹ Cr.)||26,070|
|Equity (₹ Cr.)||11.9|
|Face Value (₹)||2|
|Industry PE ⓘ||114.4|
Dixon Technologies (India) was incorporated in 1993 and, in 1994, it commenced manufacturing of consumer electronics such as colour televisions. In 2007, the company commenced manufacturing of LCD TVs and subsequently progressed into manufacturing of LED TVs in 2010. It entered the lighting products segment in 2008 with the manufacturing of CFL products and gradually increased its product portfolio to LED products in 2016. In 2010, the company started manufacturing semi-automatic washing machines. It also started providing reverse logistics services in 2008. The most recent segment that it has entered into is the manufacturing of mobile phones through a JV. The company has continuously diversified its product portfolio to keep pace with changing consumer trends and development in technology.
The company is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Its diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; and (iv) mobile phones. It also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. The company’s key customers include Panasonic India Private, Philips Lighting India, Haier Appliance (I), Gionee, Surya Roshni, Reliance Retail, Intex Technologies (I) Ltd., Mitashi Edutainment, Dish Infra Services.
Business area of the company
The company is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics. It is also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, it develops and designs products in-house at its R&D centre. It manufactures and supplies these products to well-known companies in India who in turn distribute these products under their own brands.
Awards and accreditations
Key events, milestones and achievements