Dixon Technologies (India) share price
NSE: DIXONBSE: 540699Consumer DurablesMid Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹11,488.00.
30 Oct: open ₹11,500.00, high ₹11,513.00, low ₹10,932.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹67,288 Cr159th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 43.39
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 11.45
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.09%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 31.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 19.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.10
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 5,21,83833.7% delivered
About Dixon Technologies (India)
Dixon Technologies (India) Limited makes electronics that other companies sell under their own brands.1 It works as an original equipment manufacturer (building to the brand's design) and as an original design manufacturer (building to its own design), for brands in India and abroad.1 Its business spans mobile phones, consumer electronics, home appliances, refrigerators, wearables and hearables, and telecom and IT hardware, made in factories across India.1
Mobile phones are made by Padget Electronics (owned 100%) and IsmartU India (50.10%), and telecom and networking products by Dixon Electro Appliances (51%, with Beetel Teletech holding 49%).23 IT hardware is made by Dixon IT Devices (60%), a joint venture with Inventec, and Bluetooth audio devices by Califonix Tech and Manufacturing (50%), a joint venture with Imagine Marketing.456 Dixon also holds 40% of Rexxam Dixon Electronics, which makes circuit boards for air conditioners.7
It was incorporated in 1993 and began operations in 1994 making colour televisions; it entered mobile phone manufacturing in 2016 and refrigerators in 2023.89 It acquired 51% of Kunshan Q Tech Microelectronics (India), a maker of camera and fingerprint modules, with effect from 26 Sep 2025.10 Its lighting business passed on 1 Aug 2025 to Lightanium Technologies, a 50:50 joint venture with Signify, and on 3 Mar 2026 Longcheer Intelligence took 26% of Dixtel Infocom, a joint venture in which Dixon holds 74%.11 Its promoter, Sunil Vachani, is Executive Chairman, and Atul B Lall is Vice Chairman and Managing Director.12
Dixon Technologies (India) key points
Results
- As reported, in the quarter to Jun 2026, consolidated revenue including other income was ₹16,076 crore, up 25% on a year earlier; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹991 crore, up 105%, and profit to shareholders ₹663 crore, up 195%.13
- Dixon's reported figures include a ₹519 crore fair value gain on its 2.38% stake in Aditya Infotech; excluding it, revenue was ₹15,557 crore (up 21%), EBITDA ₹472 crore (down 2%) and profit to shareholders ₹218 crore (down 3%).141516
- In the year to Mar 2026, excluding a one-off gain, consolidated revenue including other income was ₹48,893 crore, up 26%, EBITDA ₹1,887 crore, up 23%, and profit after tax ₹845 crore, up 20%.17
Business segments
- Revenue by business, quarter to Jun 20261819
Item quarter to Jun 2026 Mobile phones and other electronics manufacturing services (EMS) ₹14,179 crore Consumer electronics (LED TVs and refrigerators) ₹987 crore Home appliances ₹382 crore - Share of revenue by business, year to Mar 202620
Item year to Mar 2026 Mobile phones and other EMS 91% Consumer electronics and refrigerators 6% Home appliances and engineering 3% - The company makes almost two-thirds of India's feature phones, it said on its earnings call of 31 Jul 2026.21
Where revenue comes from
Plants and capacity
- Annual installed capacity, Mar 20262423It has about 6.4 million sq ft of manufacturing space across India.
Item Mar 2026 Smartphones 65 million units Feature phones 40 million units Wearables and hearables 36 million units Telecom products 22 million units LED TVs 5 million units Semi-automatic washing machines 2.5 million units
Customers and partners
- Customers it names include Xiaomi, Samsung, Hisense, Panasonic, Acer, Toshiba and Lloyd for consumer electronics, and Samsung, Bosch, Voltas-Beko, Sharp, Reliance and Flipkart for home appliances.25
- Its Chennai plant makes IT hardware for brands including HP, ASUS and Acer.26
- It has an agreement with Eureka Forbes to make and supply robotic vacuum cleaners, and makes backhaul microwave radios (links that carry mobile network traffic between towers) for a US telecom customer.2728
Expansion and capital spending
- Capital spending was over ₹1,058 crore in the year to Mar 2026, mainly on the display-module and camera-module plants, backward integration (making its own components) and added capacity.29
- On its earnings call of 31 Jul 2026, the company said it is expanding camera-module capacity at its subsidiary Kunshan Q Tech from 70 million to 180 million to 190 million units a year over 15 to 18 months, largely for the smartphones it makes.30
- The company stated in its annual report for the year to Mar 2026 that its display plant's first phase is set for 24 million smartphone display modules and 2 million notebook units.26
- The company said it is developing a 1 million sq ft mobile phone facility in Noida for an anchor customer (the main customer it is built for), and on its earnings call of 31 Jul 2026 that construction was almost complete.2830
What the company expects
- On its earnings call of 31 Jul 2026, the company said it made about 7.5 million smartphones in the quarter to Jun 2026 and had orders for about 9 million to 9.2 million in the quarter to Sep 2026, excluding vivo.3132
- On its earnings call of 31 Jul 2026, the company said telecom revenue was about ₹2,100 crore in the quarter to Jun 2026 and that it expects ₹6,700 crore to ₹7,000 crore for the year to Mar 2027.3133
- On its earnings call of 31 Jul 2026, the company said memory-chip prices would keep going up or at least not come down, that it expected no margin improvement in the year to Mar 2027, and that margins should start to improve the year after.34
Recent events
- On 7 Oct 2026, Dixon signed a joint venture agreement under which Gemtek Technology is to hold 40% of its subsidiary Dixon Electroconnect, which is to make optical transceivers (modules that carry network data over fibre); completion is expected by 3 Feb 2027.3536
- On 30 Sep 2026, subsidiary Dixon Electro Appliances signed an agreement under which Aviat Networks (India) granted it a limited licence to use specified intellectual property, including technical know-how, to make and sell microwave radios.37
- On 9 Jul 2026, Dixon reported a joint venture agreement with vivo Mobile India for a company, 51% Dixon and 49% vivo, to make smartphones and other devices in India. Adivistar Electronics India, set up as that company, was incorporated on 13 Aug 2026.383940
- On 30 Mar 2026, subsidiary Dixon Display Technologies was approved under the government's Electronics Component Manufacturing Scheme (incentives for making electronic components in India) to assemble display modules.41
Last updated
All 41 sources, each with its page
- 1. Annual report, 3 Sep 2026, page 76
- 2. Annual report, 3 Sep 2026, page 29
- 3. Annual report, 3 Sep 2026, page 144
- 4. Annual report, 3 Sep 2026, page 82
- 5. Annual report, 3 Sep 2026, page 81
- 6. Annual report, 3 Sep 2026, page 80
- 7. Annual report, 3 Sep 2026, page 146
- 8. Annual report, 3 Sep 2026, page 4
- 9. Annual report, 3 Sep 2026, page 84
- 10. Annual report, 3 Sep 2026, page 146
- 11. Annual report, 3 Sep 2026, page 145
- 12. Annual report, 3 Sep 2026, page 132
- 13. Investor presentation, 31 Jul 2026, page 15
- 14. Investor presentation, 31 Jul 2026, page 16
- 15. Investor presentation, 31 Jul 2026, page 25
- 16. Investor presentation, 31 Jul 2026, page 17
- 17. Annual report, 3 Sep 2026, page 189
- 18. Earnings call, 31 Jul 2026, page 4
- 19. Earnings call, 31 Jul 2026, page 6
- 20. Annual report, 3 Sep 2026, page 78
- 21. Earnings call, 31 Jul 2026, page 10
- 22. Annual report, 3 Sep 2026, page 105
- 23. Annual report, 3 Sep 2026, page 85
- 24. Annual report, 3 Sep 2026, page 107
- 25. Annual report, 3 Sep 2026, page 238
- 26. Annual report, 3 Sep 2026, page 100
- 27. Annual report, 3 Sep 2026, page 141
- 28. Annual report, 3 Sep 2026, page 190
- 29. Annual report, 3 Sep 2026, page 102
- 30. Earnings call, 31 Jul 2026, page 5
- 31. Earnings call, 31 Jul 2026, page 11
- 32. Earnings call, 31 Jul 2026, page 9
- 33. Earnings call, 31 Jul 2026, page 20
- 34. Earnings call, 31 Jul 2026, page 18
- 35. Exchange filing, 7 Oct 2026, page 1
- 36. Exchange filing, 7 Oct 2026, page 3
- 37. Exchange filing, 30 Sep 2026, page 1
- 38. Exchange filing, 9 Jul 2026, page 1
- 39. Exchange filing, 9 Jul 2026, page 2
- 40. Exchange filing, 21 Sep 2026, page 2
- 41. Exchange filing, 30 Mar 2026, page 1
Results
Consolidated; ₹ crore.Dixon Technologies (India) quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.7%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹21,794 Crup 40.17%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹411 Crdown 42.76%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 1.9%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,454 | 10,293 | 12,836 | 14,855 | 10,672 | 10,511 | 15,548 | 21,794 |
| Net profit | 216 | 465 | 280 | 746 | 321 | 298 | 718 | 411 |
| Net margin | 2.1% | 4.5% | 2.2% | 5.0% | 3.0% | 2.8% | 4.6% | 1.9% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹48,873 Crup 25.77%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,644 Crup 33.40%
- Net margin
- 3.4%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,853what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹12 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,984 | 4,400 | 6,448 | 10,697 | 12,192 | 17,691 | 38,860 | 48,873 |
| Net profit | 61 | 63 | 121 | 160 | 190 | 255 | 375 | 1,233 | 1,644 |
| Net margin | 2.1% | 2.1% | 2.7% | 2.5% | 1.8% | 2.1% | 2.1% | 3.2% | 3.4% |
Business segments
In the year to Mar 2026 the company reports one business segment, Electronics Goods, which carries all its revenue.
Valuation
Today, against the company's own history.Dixon Technologies (India) PE ratio and valuation
At or below today's level on 13% of 2,079 trading days since Jun 2018.
At or below today's level on 18% of 1,980 trading days since Nov 2018.
At or below today's level on 92% of 2,209 trading days since Oct 2017.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −26.5% | +30.1% | −43.6% | 0.1% |
| 3 years | +50.2% | +76.7% | −15.0% | 0.1% |
| 5 years | +21.5% | +54.0% | −21.2% | 0.1% |
Mutual fund holdings
300 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 112 of the 172 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 300 funds holding Dixon Technologies (India)
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 97
- CutCut. Funds that held fewer shares than at the end of the month before.
- 75
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 118
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
| 12,41,970 | 2.44% | ₹1,627.0 Cr | |
| 10,51,837 | 3.43% | ₹1,377.9 Cr | |
| 6,20,062 | 3.61% | ₹812.3 Cr | |
| 5,14,290 | 0.66% | ₹673.7 Cr | |
| 4,86,390 | 2.59% | ₹637.2 Cr | |
| 4,20,000 | 1.10% | ₹550.2 Cr | |
| 4,00,755 | 1.57% | ₹525.0 Cr | |
| 3,96,910 | 2.66% | ₹520.0 Cr | |
| 3,88,127 | 1.19% | ₹508.4 Cr | |
| 3,70,644 | 0.60% | ₹485.5 Cr |
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Dixon Technologies (India) insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 190 pledge filings of unclear kind
Dixon Technologies (India) competitors and peers
Consumer Electronics, 23 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Dixon Technologies (India) in market cap.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 63,622 | 38.24 | 6.51 | +16.5% | +13.7% | 18.0% | 18.6% | 0.99% | |
| 15,200 | 70.14 | 4.83 | +21.0% | −14.9% | 7.2% | 8.9% | 0.05% | |
| 1,244 | 26.76 | 2.07 | +34.5% | +126.0% | 8.0% | 8.8% | 0.00% | |
| 929 | – | 3.91 | +6.3% | – | −42.1% | −18.9% | 0.00% | |
| 658 | 60.00 | – | +331.1% | +336.9% | 14.0% | – | 0.00% | |
| 646 | 16.31 | – | – | – | 22.0% | – | 0.00% | |
| 488 | – | 0.60 | −5.2% | −121.5% | −2.1% | 0.1% | 0.00% | |
| 456 | 37.34 | 4.62 | +69.6% | +67.8% | 18.8% | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dixon Technologies (India) dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 21 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹10.00 |
| 16 Sep 2025 | Final | ₹8.00 |
| 17 Sep 2024 | Final | ₹5.00 |
| 22 Sep 2023 | Final | ₹3.00 |
| 11 Aug 2022 | Final | ₹2.00 |
| 20 Sep 2021 | Final | ₹1.00 |
Latest announcements
Routine notices left out.Dixon Technologies (India) announcements
Oct 2026
30 Oct · Results
23 Oct · Analysts
14 Oct · General Updates
10 Oct · Analysts
Dixon Technologies (India) share price by year
Each calendar year to 2025.Dixon Technologies (India) share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 12,102.00 | −32.5% | 18,451.85 | 11,767.00 |
| 2024 | 17,936.30 | +173.1% | 18,940.15 | 5,853.85 |
| 2023 | 6,566.75 | +68.2% | 6,566.75 | 2,644.20 |
| 2022 | 3,904.60 | −29.1% | 5,517.10 | 3,325.95 |
| 2021 | 5,509.55 | +104.8% | 5,753.45 | 2,724.38 |
| 2020 | 2,689.71 | +254.0% | 2,743.27 | 636.81 |
| 2019 | 759.86 | +84.2% | 782.48 | 374.38 |
| 2018 | 412.58 | −50.8% | 840.09 | 382.96 |
| 2017 | 838.19 | – | 878.85 | 519.96 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 11,400.00 | 11,589.00 | 11,361.00 | 11,488.00 | 11,454.42 | 2,99,637 | 42.2% |
| 28 Oct 2026 | 11,235.00 | 11,522.00 | 11,121.00 | 11,400.00 | 11,330.90 | 2,59,771 | 31.6% |
| 27 Oct 2026 | 11,200.00 | 11,321.00 | 11,115.00 | 11,233.00 | 11,238.20 | 3,04,443 | 50.2% |
| 26 Oct 2026 | 11,108.00 | 11,278.00 | 11,022.00 | 11,161.00 | 11,176.26 | 2,33,086 | 34.2% |
| 23 Oct 2026 | 11,625.00 | 11,689.00 | 11,100.00 | 11,191.00 | 11,281.95 | 3,52,292 | 39.9% |
| 22 Oct 2026 | 11,670.00 | 11,805.00 | 11,421.00 | 11,594.00 | 11,619.76 | 2,76,958 | 31.0% |
| 21 Oct 2026 | 12,175.00 | 12,179.00 | 11,581.00 | 11,689.00 | 11,789.38 | 5,03,302 | 45.1% |
| 19 Oct 2026 | 12,400.00 | 12,495.00 | 12,084.00 | 12,100.00 | 12,284.78 | 3,10,831 | 45.1% |
| 16 Oct 2026 | 12,770.00 | 12,850.00 | 12,268.00 | 12,340.00 | 12,455.38 | 4,77,554 | 45.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 18 Mar 2021 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- DIXON
- BSE code
- 540699
- ISIN
- INE935N01020
- Industry
- Consumer Durables
- Website
- www.dixoninfo.com
- CIN
- L32101UP1993PLC066581
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1993
- Registered office
- B-14 & 15, Phase-II, Noida 201305, Uttar Pradesh
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments