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Dixon Technologies (India) Ltd.

BSE: 540699 Sector: Consumer
NSE: DIXON ISIN Code: INE935N01012
BSE 00:00 | 21 Jan 2168.20 4.05
(0.19%)
OPEN

2179.95

HIGH

2184.00

LOW

2158.15

NSE 00:00 | 21 Jan 2179.60 3.70
(0.17%)
OPEN

2180.00

HIGH

2189.45

LOW

2175.25

OPEN 2179.95
PREVIOUS CLOSE 2164.15
VOLUME 359
52-Week high 4175.45
52-Week low 1894.00
P/E 43.17
Mkt Cap.(Rs cr) 2,457
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2179.95
CLOSE 2164.15
VOLUME 359
52-Week high 4175.45
52-Week low 1894.00
P/E 43.17
Mkt Cap.(Rs cr) 2,457
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Dixon Technologies (India) Ltd. (DIXON) - Company History

Dixon Technologies (India) Limited 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; (iv) mobile phones and (v) CCTV & Digital Video Recorders (DVRs). The Company also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes mobile phones and LED TV panels. Dixon is a 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 the company develops and designs products in-house at its R&D centre. The Company manufactures and supplies these products to well-known companies in India who in turn distribute these products under their own brands.Dixon Technologies (India) Limited was incorporated as `Weston Utilities Limited' at Alwar Rajasthan on January 28 1993. The name of the company was changed to `Dixon Utilities and Exports Limited' on July 14 1993. In 1994 the company commenced manufacture of colour televisions. In 1996 the company established its manufacturing facility at Noida I. The company was converted to a private limited company and the name of the Company was changed to `Dixon Utilities and Exports Private Limited' on December 10 2002. Further the name of the company was changed to `Dixon Technologies (India) Private Limited' on January 3 2006 to emphasise the relevance of technology in the operations of the company. In 2007 the company commenced manufacturing of LCD TVs.In 2008 the company entered the lighting products vertical with manufacture of CFL products. It also started providing reverse logistics services in 2008. During the year under review IBEF I and IBEF whose investments are advised and managed by MOPE Investment Advisors Private Limited subsidiary of Motilal Oswal Financial Services Limited made investment in the company.During the calendar years 2009 and 2010 the company's erstwhile subsidiary Dixon Bhurji Moulding Private Limited (DBMPL) commenced commercial manufacturing in the metal sheet and moulding segments.In 2010 the company commenced manufacturing LED TVs. During the year under review the company's erstwhile subsidiary Dixon Appliances Private Limited (DAPL) commenced manufacturing of semi-automatic washing machines.The company achieved revenue from operations of more than Rs 1000 crore on standalone basis during the financial year ended 31 March 2014.In 2015 the company acquired remaining shareholding of its erstwhile subsidiaries DAPL and DBMPL pursuant to which they became our wholly owned subsidiaries of the company.In 2016 the company started manufacturing of LED products. During the year under review the company's joint venture Padget Electronics Private Limited (PEPL) commenced manufacture of mobile phones. During the year under review the company received approval from the state government of Andhra Pradesh for setting up a manufacturing facility in Tirupati.In 2017 Pursuant to the Amalgamation Order the company's two wholly owned subsidiaries DAPL and DBMPL were amalgamated with the company. During the year under review the company's joint venture company AIL Dixon Technologies Private Limited (ADTPL) entered into a joint venture agreement with Aditya Infotech Limited for the manufacture of security systems including CCTVs and Digital Video Recorders (DVRs).The Company was converted to a public limited company on May 2 2017 with the name of 'Dixon Technologies (India) Limited'. The company came out with an initial public offer (IPO) during the period from 6 September 2017 to 8 September 2017. The IPO was a combination of fresh issue of Rs 60 crore and an Offer for Sale of upto 30.53 lakh shares by the selling shareholders. The stock debuted at Rs 2725 on BSE on 18 September 2017 a premium of 54.3% compared to the IPO price of Rs 1766 per share.On 10 October 2017 Dixon Technologies (India) announced that it has entered into Design Manufacture and Supply agreement with Flipkart India Private Limited on 9 October 2017. Pursuant to the said agreement the company shall be undertaking designing and manufacturing televisions washing machines and other electrical appliances for Flipkart under their trade mark - MARQ.On 2 January 2018 Dixon Technologies (India) announced that AIL Dixon Technologies Private Limited a Joint Venture Company of Dixon Technologies (India) Limited (the Company) has commenced manufacturing of CCTVs and DVRs under the Trademark CP Plus on 2 January 2018 from its manufacturing facility situated at Tirupati.On 4 October 2018 Dixon Technologies (India) Limited and Xiaomi India entered into agreement for manufacturing of LED TVs for Xiaomi - Mi LED TVs as another step towards their commitment to Make in India. Dixon shall be manufacturing Mi TVs for Xiaomi from its facility located at Tirupati Andhra Pradesh where it has recently commenced production of Liquid Crystal module (LCM) Line under Central Government's flagship programme Make in India and such LCM line provides overall cost efficiency to Dixon's elite allies. Dixon Technologies has commenced its local production of Mi LED TVs with Mi LED Smart TV 4A 80cm (32) and Mi LED Smart TV 4A 180cm (43) for now..