This Semiconductor Stock, engaged in manufacturing electronics, including mobile phones, consumer durables, IT hardware, and lighting products, while expanding exports and production capabilities, is in focus after the promoter offloaded a 2.77 percent stake worth Rs. 2,221.3 crore in the company.
With a market capitalization of Rs. 87,571.37 crores, the share of Dixon Technologies (India) Limited has reached an intraday low of Rs. 14,438.40 per equity share, down nearly 0.79 percent from its previous day’s close price of Rs. 14,554.10. Since then, the stock has retreated and is currently trading at Rs. 14,518.80 per equity share.
On 23rd June 2025, Promoter Sunil Vachani sold 16.7 lakh shares, representing 2.77 percent of the paid-up equity in Dixon Technologies (India) Limited, at an average price of Rs 13,301.47 per share, amounting to Rs 2,221.3 crore.
Meanwhile, Motilal Oswal Mutual Fund acquired 14.46 lakh shares, representing a 2.4 percent stake worth Rs 1,923.85 crore in the company at an average price of Rs 13,307.96 per share. This transaction reflects significant activity in the company’s promoter and institutional holdings.
Dixon Technologies (India) Limited was established in 1993 by Sunil Vachani and is a leading Indian multinational electronics manufacturing services (EMS) company headquartered in Noida, Uttar Pradesh. Dixon has grown into a major contract manufacturer for a wide array of electronic products, serving both domestic and international brands.
Guidance:
Dixon Technologies aims to more than double its current revenue of Rs. 39,000 crore within the next two years, mainly driven by strong growth in mobile phones, IT hardware, and exports. The company has already increased its production capacity and order book by 50 percent.
Export volumes are also expected to rise significantly, from 1.5 million to 10 million units, due to favourable geopolitical conditions and cost advantages compared to China. Additionally, Dixon anticipates a margin improvement of 20–25 basis points in FY26, supported by higher revenue growth.
Dixon Technologies (India) Limited has planned a capital expenditure (capex) of Rs. 900 crore for the financial year 2025. For FY26, the company expects to invest between Rs. 900-1,000 crore. These investments are focused on expanding production capacity, strengthening backward integration, and developing new product categories.
Financial Highlights:
Dixon Technologies (India) Limited’s revenue has increased from Rs. 4,658 crore in Q4 FY24 to Rs. 10,293 crore in Q4 FY25, which has grown by 120.97 percent. The net profit has also grown by 379.38 percent, from Rs. 97 crore in Q4 FY24 to Rs. 465 crore in Q4 FY25.
Dixon Technologies (India) Limited’s revenue and net profit have grown at a CAGR of 54.60 percent and 59.35 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 39.8 percent and 32.9 percent, respectively. Dixon Technologies (India) Limited has an earnings per share (EPS) of Rs. 182, and its debt-to-equity ratio is 0.22x.
Written By – Nikhil Naik
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