Dixon Technologies (India) Limited (DIXON) Fair Value & Analysis
Technology · IN · Market cap ₹819B (≈ $8.7B) · ISIN INE935N01020
What is Dixon Technologies (India) Limited really worth?
A solid business, but trading 254% above our fair value of ₹4,022.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 26 valuation models · updated today
Share price −0.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹8,318). The favourable scenario is already priced in.
- The model range is unusually wide (₹2,143 to ₹8,318). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range ₹2,640 – ₹18,932 · fair‑value band ₹2,143 – ₹8,318 · the ₹14,240 price screens above the ₹4,022 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Dixon Technologies (India) Limited (DIXON) currently trades at ₹14,240, while our model-based Fair Value estimate is ₹4,022, implying the stock looks roughly 254.0% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ₹10,993 per share, and 0 of the 26 models we run sit above the ₹14,240 price. Bear case: the Asset-Based group reads lowest at ₹515.34, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Dixon Technologies (India) Limited generated revenue of ₹489B at a net margin of 2.9%. Revenue grew 2.1% year over year. It earns a return on equity of 37.1%. Net debt stands at ₹532M. Fundamentals as of Sep 5, 2026
Our scenario range runs from ₹2,143 (bear case) to ₹8,318 (bull case); at ₹14,240, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 23% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −21% fair-value upside, at −72%, DIXON screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹112.61 per share, which is 2.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (₹10,993) versus Dividend Discount (₹333.37). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Dixon Technologies (India) Limited, together with its subsidiaries, manufactures and sells electronic goods in India and internationally.
Full company description
Dixon Technologies (India) Limited, together with its subsidiaries, manufactures and sells electronic goods in India and internationally. The company offers consumer electronics, such as LED and smart TVs, interactive flat panels, monitors, IFPD commercial displays, digital signages, PCB and LCM panel assemblies, LED bars, and injection moulding; and lightning solutions, including LED and special lamps, battens, bulbs, synthetic down lighters, 2X2s, panels, strip and rope lighting, CoB luminaries, wall washers, fancy and desk lights, magnetic track lights, and smart lights, as well as professional lighting products comprising street, flood, and industry lights. It also provides home appliances comprising semi-automatic washing machine and fully automatic top load; refrigerators; 4G and 5G smart, foldable, and feature mobile phones; wireless wearables and hearables; computing devices, such as laptops, desktops, and notebooks; and telecommunication and networking products, which include 5G fixed wireless access devices, optical network terminals, and IPTV set-top boxes. In addition, the company is involved in the provision of electronic manufacturing services; trading; reverse logistics, such as repair and refurbishment of LED TV panels; repair of mobile phones; research and development; design and prototyping; manufacturing and assembly; and quality and performance. It exports its products. Dixon Technologies (India) Limited was incorporated in 1993 and is headquartered in Noida, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Dixon Technologies (India) Limited reported revenue of ₹489B in FY2026 versus ₹107B in FY2022, a compound +46.2%/yr. Reported net income was ₹14.4B in FY2026, compounding +65.8%/yr from FY2022.
of which total revenue +40.2 % · buybacks/dilution −0.8 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
DIXON screens 254% overvalued. Compare with Samsung Electronics Co →
Peer Group
Consumer Electronics · 127 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Consumer Electronics median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Samsung Electronics Co 005930 | 257,000 KRW | 163,160 KRW | −37% |
| Sony Group SONY | $24.07 | $28.28 | +17% |
| Xiaomi Corporation 81810 | HK$24.16 | HK$38.03 | +57% |
| LG Electronics Inc 066570 | 201,500 KRW | 98,149 KRW | −51% |
| Sharetronic Data Technology Co 300857 | ¥254.49 | ¥35.52 | −86% |
| Huaqin Co 603296 | ¥78.49 | ¥39.69 | −49% |
| Goertek Inc 002241 | ¥22.11 | ¥21.02 | −5% |
| LG Corp 003550 | 113,700 KRW | 89,984 KRW | −21% |
| Shenzhen Transsion Holdings 688036 | ¥58.89 | ¥56.82 | −4% |
| Anker Innovations Limited 300866 | ¥118.42 | ¥78.13 | −34% |
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