Dixon Technologies (India) Ltd (DIXON) — shareholding pattern, promoter holding, financials and share price
About Dixon Technologies (India) Ltd (DIXON)
Dixon Technologies (India) Ltd operates in the Consumer Electronics industry, within the Consumer Durables sector. It trades on the NSE as DIXON and on the BSE under scrip code 540699. Its ISIN is INE935N01020.
Dixon Technologies (India) Limited, incorporated in 1993 , is a Electronic Manufacturing Services (EMS) company with operations in the electronic products vertical such as consumer electronics, lighting, home appliance, closed-circuit television cameras (CCTVs), and mobile phones. It also undertakes reverse logistics operations. Besides, it manufactures security surveillance equipment, wearables & audibles, AC-PCBs. Recently, it has entered a JV with Imagine Marketing Private Limited for designing and manufacturing wireless audio solutions in India. [1]
Dixon Technologies is a large Indian electronics manufacturing services (EMS) and original design manufacturing (ODM) company that produces consumer electronics, LED TVs, refrigerators, washing machines, lighting products, mobile phones, CCTV/DVR security systems and provides reverse logistics and refurbishment services for major domestic and international brands, positioning itself as the ‘brand behind brands’ for outsourced manufacturing.
In 9M FY26 adjusted terms Dixon Technologies reported revenues of approximately ₹38,373 crore, up about 34% year-on-year, while reported numbers rose to ₹38,991 crore driven by fair value gains; this scale highlights the company’s transformation into a high-revenue contract manufacturer with significant year-on-year top-line acceleration amid heavy investment cycles.
Listed peers in Consumer Electronics: Havells India Ltd, PG Electroplast Ltd, IKIO Technologies Ltd, Onida Electronics Ltd, Cellecor Gadgets Ltd, CWD Ltd.
Valuation & Returns
10 Jul 2026At ₹13,420.6 a share on 10 Jul 2026, Dixon Technologies (India) Ltd (DIXON) was valued at a price-to-earnings ratio of 49.86x against an industry P/E of 50.62x and a price-to-book of 27.23x on a book value of ₹492.78 per share as of Mar 2025. Solomo computes return on equity of 54.62% and return on capital employed of 59.98% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 49.86x
- Industry P/E
- 50.62x
- P/B
- 27.23x
- EPS (TTM)
- ₹269.17
- Book value / share
- ₹492.78
- ROE
- 54.62%
- ROCE
- 59.98%
- ROA
- 9.81%
- Debt / equity
- 0.22x
- Dividend yield
- 0.06%
- EBITDA margin
- 5.32%
- 52-week range
- ₹9,605.05 – ₹18,471.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Dixon Technologies (India) Ltd (DIXON) reported revenue of ₹48,873 crore, net profit of ₹1,644 crore and earnings per share of ₹236.61. That compares with revenue of ₹38,860 crore and net profit of ₹1,233 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹10,511 crore and net profit ₹298 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 10,697 | 12,192 | 17,691 | 38,860 | 48,873 |
| Net profit (₹ cr) | 190 | 255 | 375 | 1,233 | 1,644 |
| EPS (₹) | 32.05 | 42.9 | 61.47 | 181.87 | 236.61 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 17.42% | 8.03% | -10.30% | 119.66% |
| Profit growth | 43.87% | 38.61% | 55.34% | 228.76% |
| Stock price CAGR | - | 26% | 50% | -10% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 28.55% of Dixon Technologies (India) Ltd (DIXON) (down 0.13 pp QoQ), foreign institutional investors (FII) hold 17.87% and domestic institutional investors (DII) hold 28.39%. Market capitalisation was ₹81,981 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2017.
Largest disclosed public shareholders in Jun 2026: KAMLA VACHANI 6.19%, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA 3.7%, ATUL BEHARI LALL 3.2%, KOTAK FOCUSED FUND 2.85%, NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT 2.24%, SBI LIFE INSURANCE CO. LTD 1.89%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 28.55% | - | 17.87% | 28.39% | 71.45% |
| Mar 2026 | 28.68% | - | 18.29% | 28.15% | 71.32% |
| Dec 2025 | 28.83% | - | 18.68% | 29.06% | 71.17% |
| Sep 2025 | 28.92% | - | 20.69% | 28.94% | 71.08% |
| Jun 2025 | 28.95% | - | 20.55% | 26.69% | 71.05% |
| Mar 2025 | 32.27% | - | 21.81% | 23.07% | 67.73% |
| Dec 2024 | 32.42% | - | 23.22% | 22.62% | 67.58% |
| Sep 2024 | 32.89% | - | 22.69% | 23.14% | 67.11% |