Dixon Technologies (India) Limited (DIXON) Fair Value & Analysis
Technology · IN · Market cap ₹881B (≈ $9.3B) · ISIN INE935N01020
What is Dixon Technologies (India) Limited really worth?
A solid business, but trading 254% above our fair value of ₹4,022.
As of Aug 20, 2026, the fair value of Dixon Technologies (India) Limited is ₹4,022 per share against a price of ₹14,250, so the fair value sits 72% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 20, 2026
From 24 valuation models · updated 17 days ago
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 (₹8,391). The favourable scenario is already priced in.
- The model range is unusually wide (₹2,183 to ₹8,391). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (55/100) 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 Aug 20, 2026.
How to read this chart
60‑month range ₹2,639 – ₹18,926 · fair‑value band ₹2,183 – ₹8,391 · the ₹14,250 price screens above the ₹4,022 fair value. Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Dixon Technologies (India) Limited (DIXON) currently trades at ₹14,250, while our model-based Fair Value estimate is ₹4,022, implying the stock looks roughly 254.2% overvalued today. The Quality Score stands at 55/100 (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 24 models we run sit above the ₹14,250 price. Bear case: the Asset-Based group reads lowest at ₹515.34, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Dixon Technologies (India) Limited generated revenue of ₹516B at a net margin of 3.6%. Revenue grew 21.1% year over year. It earns a return on equity of 37.1%. Net debt stands at ₹2.8B. Fundamentals as of Aug 20, 2026
Our scenario range runs from ₹2,183 (bear case) to ₹8,391 (bull case); at ₹14,250, 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. 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 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹232.48 per share, which is 5.8 % 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 24 models by family
Widest divergence: Growth Earnings (₹10,993) versus Asset-Based (₹515.34). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 58
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 engages in the provision of electronic manufacturing services in India and internationally.
Full company description
Dixon Technologies (India) Limited engages in the provision of electronic manufacturing services in India and internationally. The company offers original design and original equipment manufacturing services for consumer electronics, including LED TVs and AC PCB; home appliances, such as washing machines and refrigerators; lighting products comprising LED bulbs, battens, and down lighters, etc.; mobile phones and smartphones, PCBA for mobile phones, medical electronics, wearables, and set top boxes; and security systems, such as CCTV camera and digital video recorders. It also provides solutions in reverse logistics, such as repair and refurbishment services for LED TV panels, as well as information technology hardware. The company was incorporated in 1993 and is headquartered in Noida, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Dixon Technologies (India) Limited reported revenue of ₹489B in FY2025 versus ₹107B in FY2021, a compound +46.2%/yr. Reported net income was ₹14.4B in FY2025, compounding +65.8%/yr from FY2021.
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
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 Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Samsung Electronics Co 005930 | 255,500 KRW | 163,160 KRW | −36% |
| Sony Group SONY | $24.56 | $29.19 | +19% |
| 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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