Dixon Tech. (India)
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
Get instant stock alerts
- Share Price
- Financials
- Revenue mix
- Shareholdings
- Peers
- Forensics
Share Price
Coming soon
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
Financials
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
Revenue mix
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Forensics
Recent events
-
News
-
Corporate Actions
** CLSA maintains Dixon Technologies DIXO.NS rating at "underperform", PT at 13,425 rupees while flagging decelerating demand
** A slump in domestic smartphone sales and premiumisation of the market could weigh on the electronics manufacturing firm, CLSA sats
** Flags eroding market share of Dixon's key customers Xiaomi 1810.HK and Transsion 688036.SS and co's relatively limited addressable export opportunities
** 20 of 29 brokerages rate the stock "buy" or higher, five "hold" and four "sell"; their median PT is 15,300 rupees - LSEG- compiled data
** Dixon flat at ~13,177 rupees
** YTD, up nearly 9%
(Reporting by Aishwarya Jain in Bengaluru)
(([email protected];))
** CLSA maintains Dixon Technologies DIXO.NS rating at "underperform", PT at 13,425 rupees while flagging decelerating demand
** A slump in domestic smartphone sales and premiumisation of the market could weigh on the electronics manufacturing firm, CLSA sats
** Flags eroding market share of Dixon's key customers Xiaomi 1810.HK and Transsion 688036.SS and co's relatively limited addressable export opportunities
** 20 of 29 brokerages rate the stock "buy" or higher, five "hold" and four "sell"; their median PT is 15,300 rupees - LSEG- compiled data
** Dixon flat at ~13,177 rupees
** YTD, up nearly 9%
(Reporting by Aishwarya Jain in Bengaluru)
(([email protected];))
By Shivangi Acharya, Sarita Chaganti Singh and Mei Mei Chu
NEW DELHI/BEIJING, Sept 10 (Reuters) - Chinese President Xi Jinping's much-anticipated visit to New Delhi this week, his first to India in seven years, should further the diplomatic thaw between the giant neighbours, but there are few signs as yet that their business ties will improve.
Businesses in both countries continue to face hurdles, including investments stalled by regulations, visa delays and restrictions on industrial equipment, underlining the gap between diplomatic progress and economic ties, analysts say.
While Xi is widely expected to be in Delhi this weekend for the annual BRICS summit, Beijing is yet to confirm his visit, and there is no word if he will have a meeting with Indian Prime Minister Narendra Modi, which will be crucial to set the future direction of bilateral ties.
China and India fought a brief war in 1962, setting the backdrop for a wary relationship since then, which soured after a 2020 border skirmish killed 20 Indian and four Chinese soldiers. Still, ties have improved in recent years, especially since Modi visited China last year and as both nations grapple with volatile relationships with the U.S.
"China certainly wants to improve ties, but we are waiting to see to what extent India is actually willing to improve them," said Lin Minwang, a South Asia expert with Shanghai's Fudan University and former diplomat at the Chinese Embassy in New Delhi, suggesting that any dramatic progress was unlikely.
Harsh Pant, vice president at New Delhi's Observer Research Foundation think tank, said the "trust deficit" between the countries was high.
He added: "China has economic heft and there is a good opportunity to use that and emerge as a reliable partner, especially when both nations are impacted by America's trade policies."
In March, India eased some of the restrictions on Chinese investment that it imposed following the 2020 border clashes, focusing on electronics, capital goods and solar cell sectors. It is also considering faster approvals for joint ventures between Indian and Chinese firms in some industries.
New Delhi has since approved a few significant projects, including a manufacturing venture between India's Dixon Technologies DIXO.NS and Chinese smartphone maker Vivo Mobile.
But that has not been enough to attract back leading Chinese companies like vehicle makers BYD 002594.SZ and Great Wall Motor 601633.SS, which shelved planned investments in India after facing heightened scrutiny by New Delhi, according to an Indian government source.
Great Wall Motor and BYD declined to comment.
'PARTNERS, NOT COMPETITORS'
Chinese companies' proposed investments in India are facing more scrutiny from Beijing itself, including in sectors where sophisticated manufacturing and high-end technology may be involved, the source and another person said, both requesting anonymity as they were not authorised to speak to the press.
China's foreign ministry told Reuters that Xi and Modi, who briefly met this month at a regional forum in Kyrgyzstan, think the two countries are "partners, not competitors, and they represent opportunities, not threats, for each other’s development".
India's trade and foreign ministries did not respond to requests for comment.
New Delhi has declined to approve a proposal by Alipay, a platform related to China's Ant Group, to be linked to India's instant payments system, citing national security concerns, Reuters reported last week.
The Indian government is also considering a recommendation by its Serious Fraud Investigation Office that Chinese cellphone maker Xiaomi be investigated for alleged irregularities in its business in India and breach of foreign investment laws, Reuters has reported. Xiaomi said it complies with all local laws and has not received any communication from the SFIO.
At the same time, one of the Indian sources said, Chinese authorities have asked companies not to sell critical technology and infrastructure to India, including port equipment, solar panels and mobile manufacturing equipment. China's commerce ministry did not respond to a request for comment.
Last year, India and China resumed direct flights and New Delhi eased visa procedures for Chinese business professionals.
However, some Indian business people with interests in China have recently had trouble securing visas, according to one of the sources and an industry executive.
China's foreign ministry said it issues visas for "Indian nationals who have a genuine need to visit China" in accordance with the law and regulations.
This year, equipment and components made in China that India needs in key sectors such as solar energy and electronics as well as infrastructure development have been held up at Chinese customs, according to the industry executive and the two Indian sources.
Some massive boring machines from China for key infrastructure projects in India have been held up for more than a year, a third Indian source, a government official, said.
The hold-up of visas and equipment "reflects more than administrative friction" and shows China's willingness to use India's trade and technology dependence as leverage, said Ajay Srivastava, founder of New Delhi-based think tank Global Trade Research Initiative and a former Indian trade negotiator.
But a meeting between Modi and Xi could help dismantle some barriers, if it goes well.
Anup Wadhawan, a former top Indian trade official, said any meeting between the top leaders of the two countries will "always afford opportunities to better align political and economic interests".
"Of course, commercial ties are ultimately driven by the mutual economic interests of the citizens of both countries. Bilateral discussions can, however, work towards enabling these pathways to fructify."
(Additional reporting by Kevin Krolicki and Joe Cash in China; editing by Philip McClellan and Raju Gopalakrishnan)
(([email protected];))
By Shivangi Acharya, Sarita Chaganti Singh and Mei Mei Chu
NEW DELHI/BEIJING, Sept 10 (Reuters) - Chinese President Xi Jinping's much-anticipated visit to New Delhi this week, his first to India in seven years, should further the diplomatic thaw between the giant neighbours, but there are few signs as yet that their business ties will improve.
Businesses in both countries continue to face hurdles, including investments stalled by regulations, visa delays and restrictions on industrial equipment, underlining the gap between diplomatic progress and economic ties, analysts say.
While Xi is widely expected to be in Delhi this weekend for the annual BRICS summit, Beijing is yet to confirm his visit, and there is no word if he will have a meeting with Indian Prime Minister Narendra Modi, which will be crucial to set the future direction of bilateral ties.
China and India fought a brief war in 1962, setting the backdrop for a wary relationship since then, which soured after a 2020 border skirmish killed 20 Indian and four Chinese soldiers. Still, ties have improved in recent years, especially since Modi visited China last year and as both nations grapple with volatile relationships with the U.S.
"China certainly wants to improve ties, but we are waiting to see to what extent India is actually willing to improve them," said Lin Minwang, a South Asia expert with Shanghai's Fudan University and former diplomat at the Chinese Embassy in New Delhi, suggesting that any dramatic progress was unlikely.
Harsh Pant, vice president at New Delhi's Observer Research Foundation think tank, said the "trust deficit" between the countries was high.
He added: "China has economic heft and there is a good opportunity to use that and emerge as a reliable partner, especially when both nations are impacted by America's trade policies."
In March, India eased some of the restrictions on Chinese investment that it imposed following the 2020 border clashes, focusing on electronics, capital goods and solar cell sectors. It is also considering faster approvals for joint ventures between Indian and Chinese firms in some industries.
New Delhi has since approved a few significant projects, including a manufacturing venture between India's Dixon Technologies DIXO.NS and Chinese smartphone maker Vivo Mobile.
But that has not been enough to attract back leading Chinese companies like vehicle makers BYD 002594.SZ and Great Wall Motor 601633.SS, which shelved planned investments in India after facing heightened scrutiny by New Delhi, according to an Indian government source.
Great Wall Motor and BYD declined to comment.
'PARTNERS, NOT COMPETITORS'
Chinese companies' proposed investments in India are facing more scrutiny from Beijing itself, including in sectors where sophisticated manufacturing and high-end technology may be involved, the source and another person said, both requesting anonymity as they were not authorised to speak to the press.
China's foreign ministry told Reuters that Xi and Modi, who briefly met this month at a regional forum in Kyrgyzstan, think the two countries are "partners, not competitors, and they represent opportunities, not threats, for each other’s development".
India's trade and foreign ministries did not respond to requests for comment.
New Delhi has declined to approve a proposal by Alipay, a platform related to China's Ant Group, to be linked to India's instant payments system, citing national security concerns, Reuters reported last week.
The Indian government is also considering a recommendation by its Serious Fraud Investigation Office that Chinese cellphone maker Xiaomi be investigated for alleged irregularities in its business in India and breach of foreign investment laws, Reuters has reported. Xiaomi said it complies with all local laws and has not received any communication from the SFIO.
At the same time, one of the Indian sources said, Chinese authorities have asked companies not to sell critical technology and infrastructure to India, including port equipment, solar panels and mobile manufacturing equipment. China's commerce ministry did not respond to a request for comment.
Last year, India and China resumed direct flights and New Delhi eased visa procedures for Chinese business professionals.
However, some Indian business people with interests in China have recently had trouble securing visas, according to one of the sources and an industry executive.
China's foreign ministry said it issues visas for "Indian nationals who have a genuine need to visit China" in accordance with the law and regulations.
This year, equipment and components made in China that India needs in key sectors such as solar energy and electronics as well as infrastructure development have been held up at Chinese customs, according to the industry executive and the two Indian sources.
Some massive boring machines from China for key infrastructure projects in India have been held up for more than a year, a third Indian source, a government official, said.
The hold-up of visas and equipment "reflects more than administrative friction" and shows China's willingness to use India's trade and technology dependence as leverage, said Ajay Srivastava, founder of New Delhi-based think tank Global Trade Research Initiative and a former Indian trade negotiator.
But a meeting between Modi and Xi could help dismantle some barriers, if it goes well.
Anup Wadhawan, a former top Indian trade official, said any meeting between the top leaders of the two countries will "always afford opportunities to better align political and economic interests".
"Of course, commercial ties are ultimately driven by the mutual economic interests of the citizens of both countries. Bilateral discussions can, however, work towards enabling these pathways to fructify."
(Additional reporting by Kevin Krolicki and Joe Cash in China; editing by Philip McClellan and Raju Gopalakrishnan)
(([email protected];))
** Govt on Friday notified smartphone manufacturing incentive scheme with outlay of 6.25 bln rupees
** Shares of India's Dixon Technologies DIXO.NS fall 2.1% to 14,541 rupees
** Other potential beneficiaries: Kaynes Technology KAYN.NS, Amber Enterprises AMBE.NS, Syrma SGS SYRM.NS up 0.5%-1.3%
** JM Financial says scheme is export-focused and will make large players globally competitive
** Adds, scheme sets steep brand-wise targets which may shrink overall eligible pie
** JPMorgan says benefit of scheme may be limited to only Dixon's top customers, due to eligibility criteria of 100 billion rupees ($1.05 billion) turnover in FY26
** Says, Dixon is eligible for additional incentives since it is scaling up manufacturing of camera and display modules
** Brokerage says the quantum of earnings upgrades for DIXO is still unclear, as it is dependent on export volumes and negotiations with brands on incentive sharing
($1 = 95.6700 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
** Govt on Friday notified smartphone manufacturing incentive scheme with outlay of 6.25 bln rupees
** Shares of India's Dixon Technologies DIXO.NS fall 2.1% to 14,541 rupees
** Other potential beneficiaries: Kaynes Technology KAYN.NS, Amber Enterprises AMBE.NS, Syrma SGS SYRM.NS up 0.5%-1.3%
** JM Financial says scheme is export-focused and will make large players globally competitive
** Adds, scheme sets steep brand-wise targets which may shrink overall eligible pie
** JPMorgan says benefit of scheme may be limited to only Dixon's top customers, due to eligibility criteria of 100 billion rupees ($1.05 billion) turnover in FY26
** Says, Dixon is eligible for additional incentives since it is scaling up manufacturing of camera and display modules
** Brokerage says the quantum of earnings upgrades for DIXO is still unclear, as it is dependent on export volumes and negotiations with brands on incentive sharing
($1 = 95.6700 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
Aug 14 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
ISSUES CORPORATE GUARANTEE FOR PADGET IN FAVOR OF LENOVO IRELAND
CORPORATE GUARANTEE UPTO AN AGGREGATE LIMIT OF $220 MILLION
Source text:
Further company coverage: DIXO.NS
(([email protected];))
Aug 14 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
ISSUES CORPORATE GUARANTEE FOR PADGET IN FAVOR OF LENOVO IRELAND
CORPORATE GUARANTEE UPTO AN AGGREGATE LIMIT OF $220 MILLION
Source text:
Further company coverage: DIXO.NS
(([email protected];))
July 31 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
RE-APPOINTS ATUL B. LALL AS MD FOR 5 YEARS EFFECTIVE FROM MAY 5, 2027
Source text: ID:nBSE6SPXx6
Further company coverage: DIXO.NS
(([email protected];))
July 31 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
RE-APPOINTS ATUL B. LALL AS MD FOR 5 YEARS EFFECTIVE FROM MAY 5, 2027
Source text: ID:nBSE6SPXx6
Further company coverage: DIXO.NS
(([email protected];))
** A "long-awaited" approval to Indian electronics manufacturer Dixon Technologies DIXO.NS for a joint venture with China's Vivo adds to growth prospects for FY27 and FY28, UBS says
** Broker, which has a "buy" on the shares with PT at 13,700 rupees, says monthly production volumes potential from JV could be around 1.75 mln units
** JPMorgan ("overweight") says Dixon back to being "high-growth stock"; upgrades PT to 16,700 rupees from 14,300 rupees and rev estimates by 24-39% over FY27-29
** Emkay Global ("buy") ups PT to 15,200 rupees from 12,500 rupees; says approval cements Dixon's dominant position in domestic smartphone manufacturing market and indicates sustained policy support even in complicated cases
** DIXO on avg rated "buy" by 30 analysts; median PT is 12,500 rupees - data compiled by LSEG
** Shares rise 1.7%, up 13% YTD
(Reporting by Abhirami G in Bengaluru)
** A "long-awaited" approval to Indian electronics manufacturer Dixon Technologies DIXO.NS for a joint venture with China's Vivo adds to growth prospects for FY27 and FY28, UBS says
** Broker, which has a "buy" on the shares with PT at 13,700 rupees, says monthly production volumes potential from JV could be around 1.75 mln units
** JPMorgan ("overweight") says Dixon back to being "high-growth stock"; upgrades PT to 16,700 rupees from 14,300 rupees and rev estimates by 24-39% over FY27-29
** Emkay Global ("buy") ups PT to 15,200 rupees from 12,500 rupees; says approval cements Dixon's dominant position in domestic smartphone manufacturing market and indicates sustained policy support even in complicated cases
** DIXO on avg rated "buy" by 30 analysts; median PT is 12,500 rupees - data compiled by LSEG
** Shares rise 1.7%, up 13% YTD
(Reporting by Abhirami G in Bengaluru)
Dixon Technologies has executed a joint venture agreement and a shareholders' agreement with vivo Mobile India to form a 51:49 JV for original equipment manufacturing of smartphones and other electronic devices. The move follows the Indian government's approval under Press Note 3, which vivo received on July 8, 2026, lifting the final regulatory hurdle. The JV company, to be incorporated as a subsidiary of Dixon, will take on part of vivo's OEM orders in India and may also manufacture for other brands. The board will comprise two nominees each from Dixon and vivo. Initial paid-up capital is set at INR 5 crore, with further investments to be based on valuation reports at closing. The transaction, originally unveiled as a term sheet in December 2024, now has binding terms and a completion deadline of up to one year.
Powered by Tijori
Dixon Technologies has executed a joint venture agreement and a shareholders' agreement with vivo Mobile India to form a 51:49 JV for original equipment manufacturing of smartphones and other electronic devices. The move follows the Indian government's approval under Press Note 3, which vivo received on July 8, 2026, lifting the final regulatory hurdle. The JV company, to be incorporated as a subsidiary of Dixon, will take on part of vivo's OEM orders in India and may also manufacture for other brands. The board will comprise two nominees each from Dixon and vivo. Initial paid-up capital is set at INR 5 crore, with further investments to be based on valuation reports at closing. The transaction, originally unveiled as a term sheet in December 2024, now has binding terms and a completion deadline of up to one year.
Powered by Tijori
July 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) - VIVO MOBILE INDIA RECEIVES GOVERNMENT OF INDIA APPROVAL FOR JV CO INCORPORATION
DIXON TECHNOLOGIES (INDIA) - CO TO HOLD 51% AND VIVO MOBILE INDIA 49% IN JV CO
Source text: ID:nBSE2wFPpy
Further company coverage: DIXO.NS
(([email protected];;))
July 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) - VIVO MOBILE INDIA RECEIVES GOVERNMENT OF INDIA APPROVAL FOR JV CO INCORPORATION
DIXON TECHNOLOGIES (INDIA) - CO TO HOLD 51% AND VIVO MOBILE INDIA 49% IN JV CO
Source text: ID:nBSE2wFPpy
Further company coverage: DIXO.NS
(([email protected];;))
** Electronic goods maker Dixon Technologies' DIXO.NS shares rise 3.1% to 12,324 rupees, extending gains for a third straight session
** Brokerage Investec says approval of a JV with mobile phone maker Vivo should further add 20 mln in mobile sales volume annually
** Maintains "buy" rating with TP of 14,500 rupees, a 21.3% upside to stock's last close
** "We remain convinced of management's opportunistic and disciplined approach," -- Investec
** Brokerage says co's recent JV with Gemtek positions it to expand its product portfolio and enter the server business
** DIXO trades at forward 12-months PE of 62.41 vs industry median of 23.78
** Nineteen of 30 brokerages rate the stock "buy" or higher; median PT is 12,375 rupees
** YTD, stock up 1.3%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Electronic goods maker Dixon Technologies' DIXO.NS shares rise 3.1% to 12,324 rupees, extending gains for a third straight session
** Brokerage Investec says approval of a JV with mobile phone maker Vivo should further add 20 mln in mobile sales volume annually
** Maintains "buy" rating with TP of 14,500 rupees, a 21.3% upside to stock's last close
** "We remain convinced of management's opportunistic and disciplined approach," -- Investec
** Brokerage says co's recent JV with Gemtek positions it to expand its product portfolio and enter the server business
** DIXO trades at forward 12-months PE of 62.41 vs industry median of 23.78
** Nineteen of 30 brokerages rate the stock "buy" or higher; median PT is 12,375 rupees
** YTD, stock up 1.3%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
Dixon Technologies (India) has entered into a binding term sheet with Taiwan's Gemtek Technology to set up a joint venture in India for manufacturing optical transceivers and bidirectional optical subassembly (BOSA) modules. The venture will be housed in Dixon Electroconnect, currently a wholly owned subsidiary that benefits from the government's Electronics Components Manufacturing Scheme. Under the proposed structure, Dixon will hold a 60% stake and Gemtek 40%. The partnership targets production of small form-factor pluggable (SFP) modules and other telecom equipment, aiming to serve the growing demand from artificial intelligence, cloud computing and hyperscale data centres. Dixon's vice chairman described the move as the company's official entry into the optical connectivity ecosystem, combining its large-scale manufacturing with Gemtek's expertise in high-speed optical and networking technologies. Gemtek, a listed technology company, operates across optical connectivity and broadband solutions. The transaction is subject to definitive agreements and regulatory approvals.
Powered by Tijori
Dixon Technologies (India) has entered into a binding term sheet with Taiwan's Gemtek Technology to set up a joint venture in India for manufacturing optical transceivers and bidirectional optical subassembly (BOSA) modules. The venture will be housed in Dixon Electroconnect, currently a wholly owned subsidiary that benefits from the government's Electronics Components Manufacturing Scheme. Under the proposed structure, Dixon will hold a 60% stake and Gemtek 40%. The partnership targets production of small form-factor pluggable (SFP) modules and other telecom equipment, aiming to serve the growing demand from artificial intelligence, cloud computing and hyperscale data centres. Dixon's vice chairman described the move as the company's official entry into the optical connectivity ecosystem, combining its large-scale manufacturing with Gemtek's expertise in high-speed optical and networking technologies. Gemtek, a listed technology company, operates across optical connectivity and broadband solutions. The transaction is subject to definitive agreements and regulatory approvals.
Powered by Tijori
June 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) - CO AND GEMTEK ENTER BINDING TERM SHEET FOR JOINT VENTURE
DIXON TECHNOLOGIES - JOINT VENTURE TO MANUFACTURE OPTICAL TRANSCEIVERS, BOSA, AND TELECOM PRODUCTS
Source text: ID:nBSE2frF28
Further company coverage: DIXO.NS
(([email protected];;))
June 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) - CO AND GEMTEK ENTER BINDING TERM SHEET FOR JOINT VENTURE
DIXON TECHNOLOGIES - JOINT VENTURE TO MANUFACTURE OPTICAL TRANSCEIVERS, BOSA, AND TELECOM PRODUCTS
Source text: ID:nBSE2frF28
Further company coverage: DIXO.NS
(([email protected];;))
April 13 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) LTD - CLARIFICATION ON MEDIA REPORTS ON LABOUR PROTEST IN NOIDA
DIXON TECHNOLOGIES (INDIA) - NO MATERIAL IMPACT ON OUR OPERATIONS
Source text: [ID:]
Further company coverage: DIXO.NS
(([email protected];))
April 13 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) LTD - CLARIFICATION ON MEDIA REPORTS ON LABOUR PROTEST IN NOIDA
DIXON TECHNOLOGIES (INDIA) - NO MATERIAL IMPACT ON OUR OPERATIONS
Source text: [ID:]
Further company coverage: DIXO.NS
(([email protected];))
** Shares of Dixon Technologies DIXO.NS rise ~7% to 10,340 rupees
** A unit of Dixon Technologies was given the nod for making display modules under the electronics component manufacturing scheme
** On Monday, India approved over $750 million in projects under its electronics component manufacturing program
** Under the scheme, the company will receive ~1–4% of its revenues as incentive from the government, depending on incentive slabs, brokerage firm Nomura says
** Stock rated "buy" on average by 30 analysts; median PT 13,250 rupees - data compiled by LSEG
**YTD, stock down about 15%
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of Dixon Technologies DIXO.NS rise ~7% to 10,340 rupees
** A unit of Dixon Technologies was given the nod for making display modules under the electronics component manufacturing scheme
** On Monday, India approved over $750 million in projects under its electronics component manufacturing program
** Under the scheme, the company will receive ~1–4% of its revenues as incentive from the government, depending on incentive slabs, brokerage firm Nomura says
** Stock rated "buy" on average by 30 analysts; median PT 13,250 rupees - data compiled by LSEG
**YTD, stock down about 15%
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
March 30 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
UNIT GRANTED ECMS APPROVAL FOR DISPLAY MODULE SUB-ASSEMBLY
Source text: ID:nBSE83KPws
Further company coverage: DIXO.NS
(([email protected];))
March 30 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
UNIT GRANTED ECMS APPROVAL FOR DISPLAY MODULE SUB-ASSEMBLY
Source text: ID:nBSE83KPws
Further company coverage: DIXO.NS
(([email protected];))
Repeats Thursday's story with no changes to the text
Industry cites six pre-install asks by India to reiterate denial
Russia only other country to mandate pre-installed state app
Indian agency considers Aadhaar preload to enhance reach, access
By Aditya Kalra and Munsif Vengattil
NEW DELHI, March 19 (Reuters) - India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.
The tussle over preloading state-run apps has become a recurring flashpoint between Prime Minister Narendra Modi's government and tech firms, with the Aadhaar request one of six that Indian IT industry body MAIT has pushed back against, according to the letters.
Aadhaar is a unique 12-digit identity number tied to an individual's fingerprints and iris scans, held by nearly 1.34 billion residents. It is widely used for verification purposes in banking and telecom services, as well as for faster airport entry.
While the government maintains that the system is safe and secure, it has faced persistent criticism from privacy advocates, including for data leaks where personal details of hundreds of millions of holders surfaced on the dark web.
COMPANIES PUSHED BACK AGAINST AADHAAR REQUEST
According to an internal email sent by MAIT on January 13, the government's Aadhaar body UIDAI asked the IT ministry in January to engage Google, Apple, and leading smartphone manufacturers to explore pre-installing the new version of its Aadhaar app.
The request, while not an outright order, drew opposition from companies concerned that pre-installations raise production costs and risks creating functional issues for users, according to the MAIT documents.
Apple AAPL.O and Samsung 005930.KS in particular both had concerns with the proposal due to questions over safety and security, two industry sources said. The companies did not respond to Reuters requests for comment.
UIDAI believed the pre-installation would allow citizens to "readily access essential Aadhaar functionalities without the need for separate downloads" and "enhance its reach and accessibility", according to an email sent from MAIT to its members in January.
MAIT's member companies, however, were of the view that pre-installation "would not drive greater public good", and that such mandates would require companies to maintain separate production lines for India and export markets, one of its January documents showed.
It also argued that no other country apart from Russia mandates pre-installation of government apps on mobile phones.
The new Aadhaar app, launched in January, allows users to update their personal details, manage profiles of their family members, and lock biometric details to prevent misuse.
The pre-installation proposal "shows and evidences a greater amount of government desire of controlling smartphone usage from the very beginning," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group.
"It is clearly problematic."
It was not immediately clear whether the proposal is still being pursued by the government or if it was dropped.
In a statement to Reuters, MAIT said its internal communications are confidential, and use of such material in reporting "risks distorting the true context of industry discussions" and is likely to undermine its advocacy efforts.
UIDAI CEO Bhuvnesh Kumar, India's IT ministry, and Google did not respond to requests for comment.
PRE-LOADING APPS ALREADY A POINT OF CONTENTION
In December, New Delhi faced criticism from opposition parties and activists over an order mandating smartphone makers to pre-install a telecom security app, forcing the government to roll back its decision within days.
The letters reviewed by Reuters on the latest proposal show growing discontent among smartphone companies against app pre-installation requests by the Indian government.
MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service.
Referring to the request to pre-install Aadhaar and five other government apps in the letter, MAIT said that in each instance the industry "has been consistent in its recommendation against pre-installation".
Meena did not respond to a request for comment.
(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Jan Harvey)
(([email protected];))
Repeats Thursday's story with no changes to the text
Industry cites six pre-install asks by India to reiterate denial
Russia only other country to mandate pre-installed state app
Indian agency considers Aadhaar preload to enhance reach, access
By Aditya Kalra and Munsif Vengattil
NEW DELHI, March 19 (Reuters) - India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.
The tussle over preloading state-run apps has become a recurring flashpoint between Prime Minister Narendra Modi's government and tech firms, with the Aadhaar request one of six that Indian IT industry body MAIT has pushed back against, according to the letters.
Aadhaar is a unique 12-digit identity number tied to an individual's fingerprints and iris scans, held by nearly 1.34 billion residents. It is widely used for verification purposes in banking and telecom services, as well as for faster airport entry.
While the government maintains that the system is safe and secure, it has faced persistent criticism from privacy advocates, including for data leaks where personal details of hundreds of millions of holders surfaced on the dark web.
COMPANIES PUSHED BACK AGAINST AADHAAR REQUEST
According to an internal email sent by MAIT on January 13, the government's Aadhaar body UIDAI asked the IT ministry in January to engage Google, Apple, and leading smartphone manufacturers to explore pre-installing the new version of its Aadhaar app.
The request, while not an outright order, drew opposition from companies concerned that pre-installations raise production costs and risks creating functional issues for users, according to the MAIT documents.
Apple AAPL.O and Samsung 005930.KS in particular both had concerns with the proposal due to questions over safety and security, two industry sources said. The companies did not respond to Reuters requests for comment.
UIDAI believed the pre-installation would allow citizens to "readily access essential Aadhaar functionalities without the need for separate downloads" and "enhance its reach and accessibility", according to an email sent from MAIT to its members in January.
MAIT's member companies, however, were of the view that pre-installation "would not drive greater public good", and that such mandates would require companies to maintain separate production lines for India and export markets, one of its January documents showed.
It also argued that no other country apart from Russia mandates pre-installation of government apps on mobile phones.
The new Aadhaar app, launched in January, allows users to update their personal details, manage profiles of their family members, and lock biometric details to prevent misuse.
The pre-installation proposal "shows and evidences a greater amount of government desire of controlling smartphone usage from the very beginning," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group.
"It is clearly problematic."
It was not immediately clear whether the proposal is still being pursued by the government or if it was dropped.
In a statement to Reuters, MAIT said its internal communications are confidential, and use of such material in reporting "risks distorting the true context of industry discussions" and is likely to undermine its advocacy efforts.
UIDAI CEO Bhuvnesh Kumar, India's IT ministry, and Google did not respond to requests for comment.
PRE-LOADING APPS ALREADY A POINT OF CONTENTION
In December, New Delhi faced criticism from opposition parties and activists over an order mandating smartphone makers to pre-install a telecom security app, forcing the government to roll back its decision within days.
The letters reviewed by Reuters on the latest proposal show growing discontent among smartphone companies against app pre-installation requests by the Indian government.
MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service.
Referring to the request to pre-install Aadhaar and five other government apps in the letter, MAIT said that in each instance the industry "has been consistent in its recommendation against pre-installation".
Meena did not respond to a request for comment.
(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Jan Harvey)
(([email protected];))
Industry cites six pre-install asks by India to reiterate denial
Russia only other country to mandate pre-installed state app
Indian agency considers Aadhaar preload to enhance reach, access
By Aditya Kalra and Munsif Vengattil
NEW DELHI, March 19 (Reuters) - India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.
The tussle over preloading state-run apps has become a recurring flashpoint between Prime Minister Narendra Modi's government and tech firms, with the Aadhaar request one of six that Indian IT industry body MAIT has pushed back against, according to the letters.
Aadhaar is a unique 12-digit identity number tied to an individual's fingerprints and iris scans, held by nearly 1.34 billion residents. It is widely used for verification purposes in banking and telecom services, as well as for faster airport entry.
While the government maintains that the system is safe and secure, it has faced persistent criticism from privacy advocates, including for data leaks where personal details of hundreds of millions of holders surfaced on the dark web.
COMPANIES PUSHED BACK AGAINST AADHAAR REQUEST
According to an internal email sent by MAIT on January 13, the government's Aadhaar body UIDAI asked the IT ministry in January to engage Google, Apple, and leading smartphone manufacturers to explore pre-installing the new version of its Aadhaar app.
The request, while not an outright order, drew opposition from companies concerned that pre-installations raise production costs and risks creating functional issues for users, according to the MAIT documents.
Apple AAPL.O and Samsung 005930.KS in particular both had concerns with the proposal due to questions over safety and security, two industry sources said. The companies did not respond to Reuters requests for comment.
UIDAI believed the pre-installation would allow citizens to "readily access essential Aadhaar functionalities without the need for separate downloads" and "enhance its reach and accessibility", according to an email sent from MAIT to its members in January.
MAIT's member companies, however, were of the view that pre-installation "would not drive greater public good", and that such mandates would require companies to maintain separate production lines for India and export markets, one of its January documents showed.
It also argued that no other country apart from Russia mandates pre-installation of government apps on mobile phones.
The new Aadhaar app, launched in January, allows users to update their personal details, manage profiles of their family members, and lock biometric details to prevent misuse.
The pre-installation proposal "shows and evidences a greater amount of government desire of controlling smartphone usage from the very beginning," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group.
"It is clearly problematic."
It was not immediately clear whether the proposal is still being pursued by the government or if it was dropped.
In a statement to Reuters, MAIT said its internal communications are confidential, and use of such material in reporting "risks distorting the true context of industry discussions" and is likely to undermine its advocacy efforts.
UIDAI CEO Bhuvnesh Kumar, India's IT ministry, and Google did not respond to requests for comment.
PRE-LOADING APPS ALREADY A POINT OF CONTENTION
In December, New Delhi faced criticism from opposition parties and activists over an order mandating smartphone makers to pre-install a telecom security app, forcing the government to roll back its decision within days.
The letters reviewed by Reuters on the latest proposal show growing discontent among smartphone companies against app pre-installation requests by the Indian government.
MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service.
Referring to the request to pre-install Aadhaar and five other government apps in the letter, MAIT said that in each instance the industry "has been consistent in its recommendation against pre-installation".
Meena did not respond to a request for comment.
(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Jan Harvey)
(([email protected];))
Industry cites six pre-install asks by India to reiterate denial
Russia only other country to mandate pre-installed state app
Indian agency considers Aadhaar preload to enhance reach, access
By Aditya Kalra and Munsif Vengattil
NEW DELHI, March 19 (Reuters) - India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.
The tussle over preloading state-run apps has become a recurring flashpoint between Prime Minister Narendra Modi's government and tech firms, with the Aadhaar request one of six that Indian IT industry body MAIT has pushed back against, according to the letters.
Aadhaar is a unique 12-digit identity number tied to an individual's fingerprints and iris scans, held by nearly 1.34 billion residents. It is widely used for verification purposes in banking and telecom services, as well as for faster airport entry.
While the government maintains that the system is safe and secure, it has faced persistent criticism from privacy advocates, including for data leaks where personal details of hundreds of millions of holders surfaced on the dark web.
COMPANIES PUSHED BACK AGAINST AADHAAR REQUEST
According to an internal email sent by MAIT on January 13, the government's Aadhaar body UIDAI asked the IT ministry in January to engage Google, Apple, and leading smartphone manufacturers to explore pre-installing the new version of its Aadhaar app.
The request, while not an outright order, drew opposition from companies concerned that pre-installations raise production costs and risks creating functional issues for users, according to the MAIT documents.
Apple AAPL.O and Samsung 005930.KS in particular both had concerns with the proposal due to questions over safety and security, two industry sources said. The companies did not respond to Reuters requests for comment.
UIDAI believed the pre-installation would allow citizens to "readily access essential Aadhaar functionalities without the need for separate downloads" and "enhance its reach and accessibility", according to an email sent from MAIT to its members in January.
MAIT's member companies, however, were of the view that pre-installation "would not drive greater public good", and that such mandates would require companies to maintain separate production lines for India and export markets, one of its January documents showed.
It also argued that no other country apart from Russia mandates pre-installation of government apps on mobile phones.
The new Aadhaar app, launched in January, allows users to update their personal details, manage profiles of their family members, and lock biometric details to prevent misuse.
The pre-installation proposal "shows and evidences a greater amount of government desire of controlling smartphone usage from the very beginning," said Apar Gupta, founder of the Internet Freedom Foundation, a New Delhi-based digital advocacy group.
"It is clearly problematic."
It was not immediately clear whether the proposal is still being pursued by the government or if it was dropped.
In a statement to Reuters, MAIT said its internal communications are confidential, and use of such material in reporting "risks distorting the true context of industry discussions" and is likely to undermine its advocacy efforts.
UIDAI CEO Bhuvnesh Kumar, India's IT ministry, and Google did not respond to requests for comment.
PRE-LOADING APPS ALREADY A POINT OF CONTENTION
In December, New Delhi faced criticism from opposition parties and activists over an order mandating smartphone makers to pre-install a telecom security app, forcing the government to roll back its decision within days.
The letters reviewed by Reuters on the latest proposal show growing discontent among smartphone companies against app pre-installation requests by the Indian government.
MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service.
Referring to the request to pre-install Aadhaar and five other government apps in the letter, MAIT said that in each instance the industry "has been consistent in its recommendation against pre-installation".
Meena did not respond to a request for comment.
(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Jan Harvey)
(([email protected];))
** Dixon Technologies' DIXO.NS shares down 2% at 10,126 rupees after CLSA flags near-term earnings risk from rising memory prices, availability concerns cloud
** Key customers like Motorola, Transsion, Oppo, Realme have seen 20-68% YoY volume declines, raising concerns about meeting co's FY26 guidance, FY27 growth estimates - CLSA
** Adds, new growth avenues will be crucial for contract electronics manufacturer in medium term
** Says Xiaomi, Transsion, which account for about 40% of Dixon’s volumes, continue to lose market share
** Indian smartphone shipments fell about 25% YoY in January, reflecting weak demand amid rising memory prices - CLSA
** Stock rated "buy" on avg by 30 analysts; median PT 13,250 rupees - data compiled by LSEG
** YTD, stock down 16.3%
(Reporting by Aleef Jahan in Bengaluru)
** Dixon Technologies' DIXO.NS shares down 2% at 10,126 rupees after CLSA flags near-term earnings risk from rising memory prices, availability concerns cloud
** Key customers like Motorola, Transsion, Oppo, Realme have seen 20-68% YoY volume declines, raising concerns about meeting co's FY26 guidance, FY27 growth estimates - CLSA
** Adds, new growth avenues will be crucial for contract electronics manufacturer in medium term
** Says Xiaomi, Transsion, which account for about 40% of Dixon’s volumes, continue to lose market share
** Indian smartphone shipments fell about 25% YoY in January, reflecting weak demand amid rising memory prices - CLSA
** Stock rated "buy" on avg by 30 analysts; median PT 13,250 rupees - data compiled by LSEG
** YTD, stock down 16.3%
(Reporting by Aleef Jahan in Bengaluru)
**Shares of Dixon Technologies DIXO.NS up 4.6% to 10,254 rupees
** DIXO says it got government approval for JV with China's HKC Overseas to manufacture display modules for mobiles, notebooks, automotive displays, TVs, monitors, and industrial displays
** DIXO owns 74% of JV's stake, HKC Overseas owns 26%
**J.P.Morgan ("Overweight", PT: 13,000 rupees) believes this is positive for DIXO as approval was pending for more than 1.5 years
** Says JV would largely be for its own equipment, so won't add much to co's revenues
** Notes approval should pave the way for government approval on DIXO's JV with Vivo
** Stock rated "Buy" on average by 30 analysts; median PT 13,250 rupees - data compiled by LSEG
**YTD, stock down about 15%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
**Shares of Dixon Technologies DIXO.NS up 4.6% to 10,254 rupees
** DIXO says it got government approval for JV with China's HKC Overseas to manufacture display modules for mobiles, notebooks, automotive displays, TVs, monitors, and industrial displays
** DIXO owns 74% of JV's stake, HKC Overseas owns 26%
**J.P.Morgan ("Overweight", PT: 13,000 rupees) believes this is positive for DIXO as approval was pending for more than 1.5 years
** Says JV would largely be for its own equipment, so won't add much to co's revenues
** Notes approval should pave the way for government approval on DIXO's JV with Vivo
** Stock rated "Buy" on average by 30 analysts; median PT 13,250 rupees - data compiled by LSEG
**YTD, stock down about 15%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
March 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
APPROVAL FROM MEITY FOR INVESTMENT BY HKC OVERSEAS IN DIXON DISPLAY
Source text: ID:nNSE9G8kBR
Further company coverage: DIXO.NS
(([email protected];;))
March 9 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
APPROVAL FROM MEITY FOR INVESTMENT BY HKC OVERSEAS IN DIXON DISPLAY
Source text: ID:nNSE9G8kBR
Further company coverage: DIXO.NS
(([email protected];;))
March 3 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
CO INVESTS 73.9 MILLION RUPEES IN DIXTEL INFOCOM, LONGCHEER INVESTS 26 MILLION RUPEES
Source text: ID:nBSE9GRCtb
Further company coverage: DIXO.NS
(([email protected];))
March 3 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
CO INVESTS 73.9 MILLION RUPEES IN DIXTEL INFOCOM, LONGCHEER INVESTS 26 MILLION RUPEES
Source text: ID:nBSE9GRCtb
Further company coverage: DIXO.NS
(([email protected];))
Panasonic Connect Co., Ltd., a unit of Panasonic Holdings Corporation, published a case study on the delivery of its surface mount technology equipment to Dixon Technologies (India) Limited. The company said the installed SMT equipment reduced model changeover time from about 60 minutes to 15 minutes and improved line throughput, mounting accuracy, and equipment utilization at Dixon’s manufacturing operations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Panasonic Holdings Corporation published the original content used to generate this news brief on February 27, 2026, and is solely responsible for the information contained therein.
Panasonic Connect Co., Ltd., a unit of Panasonic Holdings Corporation, published a case study on the delivery of its surface mount technology equipment to Dixon Technologies (India) Limited. The company said the installed SMT equipment reduced model changeover time from about 60 minutes to 15 minutes and improved line throughput, mounting accuracy, and equipment utilization at Dixon’s manufacturing operations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Panasonic Holdings Corporation published the original content used to generate this news brief on February 27, 2026, and is solely responsible for the information contained therein.
Jan 29 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) DEC-QUARTER CONSOL NET PROFIT 2.87 BILLION RUPEES
DIXON TECHNOLOGIES (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 106.72 BILLION RUPEES
Source text: [ID:]
Further company coverage: DIXO.NS
(([email protected];))
Jan 29 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
DIXON TECHNOLOGIES (INDIA) DEC-QUARTER CONSOL NET PROFIT 2.87 BILLION RUPEES
DIXON TECHNOLOGIES (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 106.72 BILLION RUPEES
Source text: [ID:]
Further company coverage: DIXO.NS
(([email protected];))
Jan 2 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
UNITS GRANTED APPROVAL FOR ELECTRONICS COMPONENT MANUFACTURING
Source text: [ID:]
Further company coverage: DIXO.NS
(([email protected];))
Jan 2 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
UNITS GRANTED APPROVAL FOR ELECTRONICS COMPONENT MANUFACTURING
Source text: [ID:]
Further company coverage: DIXO.NS
(([email protected];))
** Dixon Technologies DIXO.NS rises 2.83% to 13,355 rupees
** CLSA maintains "outperform" (12-month is PT 18,800 rupees); stock rated "buy" on avg, median PT is 18,470 rupees, per data compiled by LSEG
** Brokerage says stock corrected 17% over last month on EPS cut concerns
** Adds co awaiting approvals for Vivo smartphone JV; yet to get nod for components facilities under Indian government's electronics manufacturing scheme
** Notes medium-term growth prospects also unclear as smartphone market share in India saturated
** Says stock's valuation of 44x as of September 27 "undemanding"; prices in all concerns
** DIXO falls 26% this year, as of last close
(Reporting by Abhirami G in Bengaluru)
** Dixon Technologies DIXO.NS rises 2.83% to 13,355 rupees
** CLSA maintains "outperform" (12-month is PT 18,800 rupees); stock rated "buy" on avg, median PT is 18,470 rupees, per data compiled by LSEG
** Brokerage says stock corrected 17% over last month on EPS cut concerns
** Adds co awaiting approvals for Vivo smartphone JV; yet to get nod for components facilities under Indian government's electronics manufacturing scheme
** Notes medium-term growth prospects also unclear as smartphone market share in India saturated
** Says stock's valuation of 44x as of September 27 "undemanding"; prices in all concerns
** DIXO falls 26% this year, as of last close
(Reporting by Abhirami G in Bengaluru)
** Shares of electronics components manufacturer Dixon Technologies DIXO.NS fall 3% to 15,713 rupees
** Stock extends falls after dropping nearly 4% on Monday
** Co reports profit after tax of 6.70 billion rupees ($76.2 million), up 71% yoy
** However, cuts its FY27 mobile phone volume guidance to 55-60 mln units from 60–65 mln units previously
** Mobile phone and electronic manufacturing services segment accounts for 90% of its revenue
** Co missed Street's PAT estimates by 13% due to increase in minority interest in its Ismartu and Bharti subsidiary - Phillip Capital
** Adds, achieving volume guidance seems tricky given that festive season is over and H2 is generally weak
** Stock rated "Buy" on average; median PT at 18,470 rupees - data compiled by LSEG
** YTD, DIXO down 12%
($1 = 87.8950 Indian rupees)
(Reporting by Komal Salecha)
(([email protected];))
** Shares of electronics components manufacturer Dixon Technologies DIXO.NS fall 3% to 15,713 rupees
** Stock extends falls after dropping nearly 4% on Monday
** Co reports profit after tax of 6.70 billion rupees ($76.2 million), up 71% yoy
** However, cuts its FY27 mobile phone volume guidance to 55-60 mln units from 60–65 mln units previously
** Mobile phone and electronic manufacturing services segment accounts for 90% of its revenue
** Co missed Street's PAT estimates by 13% due to increase in minority interest in its Ismartu and Bharti subsidiary - Phillip Capital
** Adds, achieving volume guidance seems tricky given that festive season is over and H2 is generally weak
** Stock rated "Buy" on average; median PT at 18,470 rupees - data compiled by LSEG
** YTD, DIXO down 12%
($1 = 87.8950 Indian rupees)
(Reporting by Komal Salecha)
(([email protected];))
** UBS raises rating on India's Dixon Technologies DIXO.NS to "buy" from "neutral" earlier, hikes price target to Street high of 23,000 rupees ($259.39) from 13,000 rupees
** New PT reflects a ~27% upside on last close
** DIXO shares rose as much as 1.7% to 18,471 rupees, hitting their highest level since early January
** UBS says co's backward integration into non-semiconductor smartphone components will likely aid 110-basis-point improvement in EBITDA margins by FY28
** Expects co to deliver $11 billion revenue by FY28; sees components' expansion, steady exports, new verticals as strong growth prospects beyond FY28
** Brokerage says co's pace of inorganic growth, based on recent JVs, underscores DIXO's ability to unlock new growth drivers
** Estimates FY25-28 revenue CAGR of 36% and PAT CAGR of 46%
** Stock rated "buy" on avg, median PT at 18,311 rupees - data compiled by LSEG
** YTD, DIXO up ~2%
($1 = 88.6700 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** UBS raises rating on India's Dixon Technologies DIXO.NS to "buy" from "neutral" earlier, hikes price target to Street high of 23,000 rupees ($259.39) from 13,000 rupees
** New PT reflects a ~27% upside on last close
** DIXO shares rose as much as 1.7% to 18,471 rupees, hitting their highest level since early January
** UBS says co's backward integration into non-semiconductor smartphone components will likely aid 110-basis-point improvement in EBITDA margins by FY28
** Expects co to deliver $11 billion revenue by FY28; sees components' expansion, steady exports, new verticals as strong growth prospects beyond FY28
** Brokerage says co's pace of inorganic growth, based on recent JVs, underscores DIXO's ability to unlock new growth drivers
** Estimates FY25-28 revenue CAGR of 36% and PAT CAGR of 46%
** Stock rated "buy" on avg, median PT at 18,311 rupees - data compiled by LSEG
** YTD, DIXO up ~2%
($1 = 88.6700 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Dixon Technologies DIXO.NS rise 0.5% to 17,852 rupees
** Macquarie initiates coverage with "outperform" rating; sets PT at 20,000 rupees, implying a 12.6% upside to last close
** Brokerage cites Dixon's dominance in smartphone manufacturing and its emerging component business as key growth drivers
** Notes global supply-chain realignment is creating new opportunities for the co
** Sees room to expand free cash flow margins from 1% in FY25 to 4% by FY30, supporting long-term ROCE improvement
** Dixon rated "buy" by 29 analysts on average; median target price is 18,235.5 rupees – data compiled by LSEG
** Stock down 0.5% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Dixon Technologies DIXO.NS rise 0.5% to 17,852 rupees
** Macquarie initiates coverage with "outperform" rating; sets PT at 20,000 rupees, implying a 12.6% upside to last close
** Brokerage cites Dixon's dominance in smartphone manufacturing and its emerging component business as key growth drivers
** Notes global supply-chain realignment is creating new opportunities for the co
** Sees room to expand free cash flow margins from 1% in FY25 to 4% by FY30, supporting long-term ROCE improvement
** Dixon rated "buy" by 29 analysts on average; median target price is 18,235.5 rupees – data compiled by LSEG
** Stock down 0.5% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Dixon technologies DIXO.NS rise 2.5% to 16,223 rupees
**Top pct gainer on Nifty Midcap 50 index .NIMDCP50, which is up 0.1%
** CLSA expects new acquisitions and JVs to boost value addition in smartphones, drive growth; margin expansion of 150–200 bps, with additional revenue streams from external sales
** Maintains "high conviction outperform" rating with PT at 15,800 rupees
** DIXO rated "buy" by 29 analysts on avg; median PT at 17,552 rupees - data compiled by LSEG
** YTD, stock down 9.5%, NIMDCP50 up 5%
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Dixon technologies DIXO.NS rise 2.5% to 16,223 rupees
**Top pct gainer on Nifty Midcap 50 index .NIMDCP50, which is up 0.1%
** CLSA expects new acquisitions and JVs to boost value addition in smartphones, drive growth; margin expansion of 150–200 bps, with additional revenue streams from external sales
** Maintains "high conviction outperform" rating with PT at 15,800 rupees
** DIXO rated "buy" by 29 analysts on avg; median PT at 17,552 rupees - data compiled by LSEG
** YTD, stock down 9.5%, NIMDCP50 up 5%
(Reporting by Rudra Pratap Singh in Bengaluru)
July 15 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
ENTERS BINDING TERM SHEET WITH CHONGQING YUHAI PRECISION MANUFACTURING CO
JV TO MANUFACTURE PRECISION COMPONENTS FOR LAPTOPS AND MOBILES
Source text: ID:nBSE9bpQjw
Further company coverage: DIXO.NS
(([email protected];;))
July 15 (Reuters) - Dixon Technologies (India) Ltd DIXO.NS:
ENTERS BINDING TERM SHEET WITH CHONGQING YUHAI PRECISION MANUFACTURING CO
JV TO MANUFACTURE PRECISION COMPONENTS FOR LAPTOPS AND MOBILES
Source text: ID:nBSE9bpQjw
Further company coverage: DIXO.NS
(([email protected];;))
** Electronics manufacturer Dixon Technologies DIXO.NS rises as much as 3% to 15,668 rupees; last up 1.2%
** Batlivala & Karani Securities initiates stock coverage with "buy", sets PT at 18,946 rupees, implying a ~23% upside to current price
** Brokerage says, co has evolved from a traditional electronics services provider to a backward integrated, export oriented manufacturer, that is backed by structural tail winds such as India's manufacturing goals and the China plus one strategy
** Adds, continued scale up of mobile and IT hardware segments as well as exports should help DIXO post revenue and profit after tax CAGR of 42% and 69% respectively over FY25-27E
** Points out room for expansion given its current market share of 12%-14% in electronic manufacturing services (EMS)
** Stock rated 'buy' on avg by 28 analysts; median PT at 17,552 rupees
** DIXO down 14.2% YTD
(Reporting by Ananta Agarwal in Bengaluru)
** Electronics manufacturer Dixon Technologies DIXO.NS rises as much as 3% to 15,668 rupees; last up 1.2%
** Batlivala & Karani Securities initiates stock coverage with "buy", sets PT at 18,946 rupees, implying a ~23% upside to current price
** Brokerage says, co has evolved from a traditional electronics services provider to a backward integrated, export oriented manufacturer, that is backed by structural tail winds such as India's manufacturing goals and the China plus one strategy
** Adds, continued scale up of mobile and IT hardware segments as well as exports should help DIXO post revenue and profit after tax CAGR of 42% and 69% respectively over FY25-27E
** Points out room for expansion given its current market share of 12%-14% in electronic manufacturing services (EMS)
** Stock rated 'buy' on avg by 28 analysts; median PT at 17,552 rupees
** DIXO down 14.2% YTD
(Reporting by Ananta Agarwal in Bengaluru)
More Mid Cap Ideas
See similar 'Mid' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
- Business
- Financials
- Share Price
- Shareholdings
What does Dixon Tech. (India) do?
Dixon Technologies (India) is leading electronics manufacturing powerhouse, driving innovation in consumer electronics and telecommunications. Business verticals of company such as: (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tubelights, downlighters; (iv) Mobile phones; (v) Wearables and Hearables (vi) Refrigerators and (vii) Telecom and IT hardware products. The company is 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.
Who are the competitors of Dixon Tech. (India)?
Dixon Tech. (India) major competitors are Amber Enterprises, Syrma SGS Technology, Havells India, CG Power & Ind.Sol., Crompt.Greaves Cons., V-Guard Inds., Whirlpool Of India. Market Cap of Dixon Tech. (India) is ₹79,877 Crs. While the median market cap of its peers are ₹24,580 Crs.
Is Dixon Tech. (India) financially stable compared to its competitors?
Dixon Tech. (India) seems to be less financially stable compared to its competitors. Altman Z score of Dixon Tech. (India) is 6.45 and is ranked 5 out of its 8 competitors.
Does Dixon Tech. (India) pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Dixon Tech. (India) latest dividend payout ratio is 4.23% and 3yr average dividend payout ratio is 5.59%
How has Dixon Tech. (India) allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is Dixon Tech. (India) balance sheet?
Balance sheet of Dixon Tech. (India) is strong. But short term working capital might become an issue for this company.
Is the profitablity of Dixon Tech. (India) improving?
Yes, profit is increasing. The profit of Dixon Tech. (India) is ₹2,059 Crs for TTM, ₹1,439 Crs for Mar 2026 and ₹1,096 Crs for Mar 2025.
Is the debt of Dixon Tech. (India) increasing or decreasing?
The net debt of Dixon Tech. (India) is decreasing. Latest net debt of Dixon Tech. (India) is -₹1,414.3 Crs as of Mar-26. This is less than Mar-25 when it was -₹324.44 Crs.
Is Dixon Tech. (India) stock expensive?
Dixon Tech. (India) is not expensive. Latest PE of Dixon Tech. (India) is 42.98, while 3 year average PE is 104. Also latest EV/EBITDA of Dixon Tech. (India) is 43.42 while 3yr average is 59.45.
Has the share price of Dixon Tech. (India) grown faster than its competition?
Dixon Tech. (India) has given better returns compared to its competitors. Dixon Tech. (India) has grown at ~31.82% over the last 4yrs while peers have grown at a median rate of 8.16%
Is the promoter bullish about Dixon Tech. (India)?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Dixon Tech. (India) is 28.55% and last quarter promoter holding is 28.68%
Are mutual funds buying/selling Dixon Tech. (India)?
The mutual fund holding of Dixon Tech. (India) is increasing. The current mutual fund holding in Dixon Tech. (India) is 20.05% while previous quarter holding is 19.26%.