Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.
Mobile and EMS segments fuel Dixon's growth; brokerages expect further gains from backward integration and component manufacturing expansion
Nuvama analysts have marginally lowered Dixon Technologies' December 2026 target price to ₹16,600 from ₹16,800, valuing the stock at 65x estimated December 2027 EPS
Electronics manufacturing services firm Dixon Technologies has posted an 81 per cent jump in consolidated net profit to Rs 745.7 crore in the second quarter ended September 30, 2025, according to an exchange filing. The company had reported a net profit of Rs 411.7 crore in the same period a year ago. The revenue from operations of the company grew by 28.7 per cent to Rs 14,855 crore during the reported quarter from Rs 11,534 crore in the September 2024 quarter. The mobile devices manufacturing division of the company contributed 90 per cent of revenue during the reported quarter, while 6 per cent came from the consumer electronics and appliances division. The Nomination and Remuneration Committee of the company has approved the grant of 7,000 number of stock options to the employees of the Company, its Subsidiary company(ies) and Joint Venture Company(ies) from time to time in one or more tranches.
Amber and Syrma are primarily targeting printed circuit board (PCB) manufacturing, while Dixon is focused on backward integration in mobile value chains, specifically camera and display modules.
Alphabet is in advanced discussions with its current Indian manufacturing partners, Foxconn and Dixon Technologies, as well as potential new suppliers like Micromax-owned Bhagwati Products
Foxconn Hon Hai, Apple's iPhone maker, grew its share from 13 per cent in Q2 CY 2024 to 19 per cent this year, catapulted by ballooning iPhone exports to the US
The Dixon Technologies-HKC Overseas joint venture (JV) is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones, etc, for display
Domestic electronics contract manufacturer Dixon Technologies has formed a Rs 370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas. The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. "Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches. "T
Technical charts show that Dixon Technologies, Kirloskar Oil Engines, Metropolis Healthcare and RHI Magnesita have witnessed a 'Golden Crossover', hence are likely to see upside in the near-term.
The Dixon-Longcheer joint venture will manufacture smartphones, smartwatches, AI PCs and more; Dixon will hold a 74 per cent stake, while Longcheer will own the remaining 26 per cent
The company's strategy includes deeper relationships with existing clients and looking for backward integration
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Factoring in the strong outlook, Motilal Oswal raised its FY27 estimates by 10 per cent and maintained a 'Buy' rating with a revised target price of ₹22,100 based on DCF valuation.
Dixon is transitioning from being predominantly domestic assembler - smartphone assembly accounted for 89 per cent of its revenue as of Q3 FY25 - to becoming a deeper player in electronics value chain
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Nomura believes Dixon Technologies' latest move to acquire a 51 per cent stake in Q-Tech's India unit is strategically sound and earnings accretive.
The partnership aims at boosting manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things systems, and automotive applications
JPMorgan initiated coverage on six EMS stocks, rating Syrma, Dixon, and Kaynes 'Overweight', Amber and Cyient DLM 'Neutral', and Avalon 'Underweight'
At 10:12 AM, shares of Dixon Technologies were trading at ₹15,750, up by 1.79 per cent on the National Stock Exchange.