Dixon Technologies (India) Ltd.
DIXONConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220603 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220802 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221029 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230130 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230527 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230728 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231030 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240206 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240520 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240804 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241028 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250124 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250524 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250728 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251024 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260203 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260515 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260805 | 2026-06-30 | yes |
DIXON
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 13,299.00 |
| 52-week range | 9673.0 – 18202.0 |
| Return 1M | -11.28% |
| Return 3M | 10.71% |
| Return 1Y | -26.77% |
| Return 3Y | 171.99% |
| Return 5Y | 203.63% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 15,548.00 |
| Other income | 528.00 |
| Total income | 16,076.00 |
| Cost of materials consumed | 15,064.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -423.00 |
| Employee benefit expense | 181.00 |
| Finance costs | 24.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.29 | -0.00 |
| institutions foreign | 0.18 | -0.00 |
| institutions domestic | 0.28 | 0.00 |
| mutual funds | 0.20 | 0.01 |
| public | 0.71 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,855.00 | 2,405.00 | 3,065.00 | 3,272.00 | 4,943.00 | 4,818.00 | 4,658.00 | 6,580.00 | 11,534.00 | 10,454.00 | 10,293.00 | 12,836.00 | 14,855.00 | 10,672.00 | 10,511.00 | 15,548.00 |
| Other income | 0.00 | 3.00 | 2.00 | 3.00 | 1.00 | 2.00 | 17.00 | 8.00 | -6.00 | 6.00 | 11.00 | 2.00 | 496.00 | 131.00 | 84.00 | 528.00 |
| Total income | 2,855.00 | 2,408.00 | 3,067.00 | 3,274.00 | 4,944.00 | 4,821.00 | 4,675.00 | 6,588.00 | 11,528.00 | 10,460.00 | 10,304.00 | 12,837.00 | 15,351.00 | 10,803.00 | 10,595.00 | 16,076.00 |
| Cost of materials consumed | 2,767.00 | 2,009.00 | 2,733.00 | 3,002.00 | 4,580.00 | 4,345.00 | 4,215.00 | 6,398.00 | 10,722.00 | 9,581.00 | 9,400.00 | 12,288.00 | 13,504.00 | 9,644.00 | 10,025.00 | 15,064.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -171.00 | 130.00 | 19.00 | -47.00 | -111.00 | 46.00 | 7.00 | -381.00 | -61.00 | 99.00 | 76.00 | -413.00 | 297.00 | 242.00 | -310.00 | -423.00 |
| Employee benefit expense | 55.00 | 64.00 | 63.00 | 68.00 | 95.00 | 87.00 | 82.00 | 120.00 | 148.00 | 156.00 | 143.00 | 169.00 | 197.00 | 171.00 | 174.00 | 181.00 |
| Finance costs | 14.00 | 15.00 | 15.00 | 14.00 | 17.00 | 22.00 | 21.00 | 29.00 | 38.00 | 41.00 | 46.00 | 33.00 | 38.00 | 43.00 | 24.00 | 24.00 |
| Depreciation and amortisation | 24.00 | 29.00 | 32.00 | 34.00 | 36.00 | 41.00 | 51.00 | 55.00 | 66.00 | 75.00 | 86.00 | 93.00 | 96.00 | 99.00 | 105.00 | 107.00 |
| Other expenses | 105.00 | 91.00 | 94.00 | 115.00 | 180.00 | 155.00 | 171.00 | 195.00 | 299.00 | 227.00 | 231.00 | 309.00 | 295.00 | 200.00 | 213.00 | 263.00 |
| Total expenses | 2,793.00 | 2,338.00 | 2,957.00 | 3,187.00 | 4,798.00 | 4,697.00 | 4,548.00 | 6,416.00 | 11,212.00 | 10,179.00 | 9,982.00 | 12,479.00 | 14,428.00 | 10,399.00 | 10,231.00 | 15,216.00 |
| Profit before exceptional items and tax | 62.00 | 70.00 | 111.00 | 87.00 | 146.00 | 124.00 | 127.00 | 172.00 | 317.00 | 282.00 | 322.00 | 359.00 | 922.00 | 404.00 | 364.00 | 860.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 210.00 | 0.00 | 250.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 62.00 | 70.00 | 111.00 | 87.00 | 146.00 | 124.00 | 127.00 | 172.00 | 526.00 | 282.00 | 572.00 | 359.00 | 922.00 | 404.00 | 364.00 | 860.00 |
| Current tax | 16.00 | 18.00 | 27.00 | 24.00 | 36.00 | 31.00 | 27.00 | 42.00 | 81.00 | 68.00 | 63.00 | 85.00 | 108.00 | 72.00 | 147.00 | 80.00 |
| Deferred tax | 0.00 | 1.00 | 4.00 | -1.00 | -0.00 | -2.00 | 5.00 | -2.00 | 36.00 | 1.00 | 48.00 | 1.00 | 70.00 | 19.00 | -75.00 | 71.00 |
| Tax expense | 17.00 | 19.00 | 31.00 | 23.00 | 35.00 | 29.00 | 32.00 | 40.00 | 117.00 | 69.00 | 111.00 | 86.00 | 178.00 | 91.00 | 72.00 | 151.00 |
| Profit for the period | 45.00 | 52.00 | 81.00 | 67.00 | 113.00 | 97.00 | 97.00 | 140.00 | 412.00 | 216.00 | 465.00 | 280.00 | 746.00 | 321.00 | 298.00 | 718.00 |
| Profit attributable to owners | 46.00 | 52.00 | 81.00 | 69.00 | 107.00 | 96.00 | 95.00 | 134.00 | 390.00 | 171.00 | 401.00 | 225.00 | 670.00 | 287.00 | 256.00 | 663.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -0.00 | -2.00 | 6.00 | 1.00 | 2.00 | 6.00 | 22.00 | 45.00 | 64.00 | 55.00 | 76.00 | 33.00 | 42.00 | 54.00 |
| Other comprehensive income | -0.00 | -0.00 | -1.00 | -0.00 | -0.00 | -0.00 | 1.00 | 0.00 | 1.00 | 0.00 | -1.00 | 0.00 | -0.00 | -0.00 | 1.00 | 0.00 |
| Total comprehensive income | 45.00 | 52.00 | 79.00 | 67.00 | 113.00 | 97.00 | 99.00 | 140.00 | 412.00 | 217.00 | 464.00 | 280.00 | 746.00 | 320.00 | 299.00 | 718.00 |
| Earnings per share, basic | 7.65 | 8.74 | 13.57 | 11.28 | 19.04 | 16.29 | 16.31 | 23.35 | 68.82 | 36.12 | 77.59 | 46.47 | 123.60 | 53.06 | 49.22 | 118.00 |
| Earnings per share, diluted | 7.58 | 8.67 | 13.47 | 11.26 | 18.96 | 16.21 | 16.21 | 23.23 | 68.11 | 35.64 | 76.42 | 46.30 | 122.73 | 52.62 | 48.81 | 117.87 |
Annual results, as filed
| Line | 2018-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,853.00 | 4,400.00 | 6,448.00 | 10,697.00 | 12,192.00 | 17,691.00 | 38,860.00 | 48,873.00 |
| Other income | 4.00 | 5.00 | 2.00 | 4.00 | 6.00 | 23.00 | 20.00 | 713.00 |
| Total income | 2,858.00 | 4,405.00 | 6,450.00 | 10,701.00 | 12,198.00 | 17,713.00 | 38,880.00 | 49,586.00 |
| Cost of materials consumed | 2,522.00 | 3,913.00 | 5,753.00 | 9,890.00 | 11,015.00 | 16,142.00 | 36,100.00 | 45,460.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -35.00 | -53.00 | 16.00 | -110.00 | 6.00 | -103.00 | -267.00 | -183.00 |
| Employee benefit expense | 73.00 | 118.00 | 137.00 | 198.00 | 252.00 | 333.00 | 567.00 | 711.00 |
| Finance costs | 13.00 | 35.00 | 27.00 | 44.00 | 61.00 | 75.00 | 154.00 | 137.00 |
| Depreciation and amortisation | 15.00 | 37.00 | 44.00 | 84.00 | 115.00 | 162.00 | 281.00 | 393.00 |
| Other expenses | 181.00 | 199.00 | 255.00 | 341.00 | 407.00 | 622.00 | 952.00 | 1,018.00 |
| Total expenses | 2,769.00 | 4,249.00 | 6,233.00 | 10,446.00 | 11,854.00 | 17,230.00 | 37,788.00 | 47,537.00 |
| Profit before exceptional items and tax | 88.00 | 157.00 | 217.00 | 255.00 | 343.00 | 484.00 | 1,092.00 | 2,049.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 460.00 | 0.00 |
| Profit before tax | 88.00 | 157.00 | 217.00 | 255.00 | 343.00 | 484.00 | 1,552.00 | 2,049.00 |
| Current tax | 24.00 | 40.00 | 53.00 | 64.00 | 87.00 | 118.00 | 252.00 | 412.00 |
| Deferred tax | 4.00 | -4.00 | 4.00 | 0.00 | 3.00 | 1.00 | 85.00 | 14.00 |
| Tax expense | 27.00 | 36.00 | 57.00 | 64.00 | 90.00 | 119.00 | 337.00 | 426.00 |
| Profit for the period | 61.00 | 120.00 | 160.00 | 190.00 | 255.00 | 375.00 | 1,233.00 | 1,644.00 |
| Profit attributable to owners | 0.00 | — | — | 190.00 | 256.00 | 368.00 | 1,096.00 | 1,439.00 |
| Profit attributable to non-controlling interests | 0.00 | — | — | 0.00 | -0.00 | 7.00 | 137.00 | 206.00 |
| Other comprehensive income | -0.00 | -0.00 | -0.00 | 1.00 | -1.00 | 1.00 | 0.00 | 1.00 |
| Total comprehensive income | 61.00 | 120.00 | 160.00 | 191.00 | 254.00 | 376.00 | 1,233.00 | 1,645.00 |
| Earnings per share, basic | 54.51 | 105.54 | 27.49 | 32.31 | 42.92 | 62.84 | 205.70 | 271.59 |
| Earnings per share, diluted | 54.51 | 102.70 | 26.87 | 32.00 | 42.62 | 62.46 | 202.58 | 269.35 |
Balance sheet, as filed
| Line | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 4,679.00 | 6,359.00 | 6,991.00 | 16,121.00 | 16,767.00 | 19,651.00 | 19,162.00 |
| Non-current assets | 1,540.00 | 1,928.00 | 2,155.00 | 3,178.00 | 3,672.00 | 5,897.00 | 5,646.00 |
| Current assets | 3,139.00 | 4,431.00 | 4,836.00 | 12,943.00 | 13,094.00 | 13,753.00 | 13,515.00 |
| Property, plant and equipment | 942.00 | 1,039.00 | 1,637.00 | 1,985.00 | 2,109.00 | 2,610.00 | 2,720.00 |
| Capital work-in-progress | 120.00 | 410.00 | 64.00 | 138.00 | 256.00 | 331.00 | 571.00 |
| Goodwill | 30.00 | 30.00 | 30.00 | 57.00 | 57.00 | 580.00 | 580.00 |
| Other intangible assets | 271.00 | 343.00 | 329.00 | 417.00 | 608.00 | 830.00 | 872.00 |
| Inventories | 958.00 | 1,668.00 | 1,695.00 | 3,699.00 | 3,992.00 | 3,870.00 | 3,837.00 |
| Trade receivables | 1,715.00 | 2,108.00 | 2,318.00 | 7,781.00 | 6,965.00 | 7,231.00 | 6,530.00 |
| Cash and cash equivalents | 217.00 | 127.00 | 200.00 | 209.00 | 231.00 | 612.00 | 767.00 |
| Total equity and liabilities | 4,679.00 | 6,359.00 | 6,991.00 | 16,121.00 | 16,767.00 | 19,651.00 | 19,162.00 |
| Equity | 1,285.00 | 1,476.00 | 1,722.00 | 2,575.00 | 3,469.00 | 4,683.00 | 5,387.00 |
| Equity share capital | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Other equity | 1,273.00 | 1,439.00 | 1,683.00 | 2,217.00 | 2,998.00 | 4,052.00 | 4,665.00 |
| Total liabilities | 3,395.00 | 4,883.00 | 5,269.00 | 13,545.00 | 13,298.00 | 14,967.00 | 13,775.00 |
| Non-current liabilities | 454.00 | 503.00 | 537.00 | 1,022.00 | 702.00 | 1,346.00 | 1,077.00 |
| Current liabilities | 2,941.00 | 4,380.00 | 4,732.00 | 12,524.00 | 12,595.00 | 13,621.00 | 12,698.00 |
| Borrowings, non-current | 145.00 | 123.00 | 113.00 | 325.00 | 81.00 | 346.00 | 360.00 |
| Borrowings, current | 37.00 | 125.00 | 42.00 | 37.00 | 121.00 | 500.00 | 108.00 |
| Trade payables | 2,452.00 | 3,762.00 | 4,060.00 | 11,117.00 | 10,884.00 | 11,317.00 | 10,722.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 273.00 | 726.00 | 152.00 | 584.00 | 402.00 | 1,150.00 | 881.00 | 1,782.00 |
| Net cash from investing activities | -464.00 | -356.00 | -291.00 | -531.00 | -663.00 | -1,229.00 | -1,011.00 | -1,251.00 |
| Net cash from financing activities | 304.00 | -330.00 | 49.00 | -70.00 | 134.00 | -27.00 | 397.00 | -108.00 |
| Purchase of property, plant and equipment | 421.00 | 461.00 | 339.00 | 584.00 | 399.00 | 939.00 | 559.00 | 1,068.00 |
| Net increase in cash | 113.00 | 41.00 | -90.00 | -17.00 | -128.00 | 95.00 | 268.00 | 654.00 |
| con:CFO.BEFORE_TAX | 328.00 | 805.00 | 195.00 | 705.00 | 509.00 | 1,426.00 | 1,033.00 | 2,197.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 54.00 | 82.00 | 43.00 | 122.00 | 106.00 | 276.00 | 152.00 | 415.00 |
| con:CF_OTHER.OPERATING | -1.00 | 3.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 658.00 |
| con:PPE_DISPOSALS | 3.00 | 11.00 | 7.00 | 16.00 | 35.00 | 44.00 | 2.00 | 10.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 249.00 | 249.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 527.00 | 570.00 | 430.00 | 431.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 34.05 | 34.04 | 33.80 | 33.63 | 33.44 | 33.24 | 32.89 | 32.42 | 32.27 | 28.95 | 0.29 | 0.29 | 0.29 | 0.29 |
| Domestic institutions | 23.76 | 24.61 | 27.44 | 26.40 | 27.01 | 26.08 | 23.14 | 22.62 | 23.07 | 26.69 | 0.29 | 0.29 | 0.28 | 0.28 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 21.12 | 0.23 | 0.21 | 0.19 | 0.20 |
| Insurance companies | 11.08 | 10.73 | 11.55 | 8.86 | 8.27 | 6.89 | 5.71 | 5.10 | 5.16 | 4.93 | 0.05 | 0.06 | 0.06 | 0.06 |
| Foreign institutions | 12.05 | 14.99 | 15.66 | 17.41 | 17.84 | 19.33 | 22.69 | 23.22 | 21.81 | 20.55 | 0.21 | 0.19 | 0.18 | 0.18 |
| Public | 65.95 | 65.96 | 66.20 | 66.37 | 66.56 | 66.76 | 67.11 | 67.58 | 67.73 | 71.05 | 0.71 | 0.71 | 0.71 | 0.71 |
| Non-institutional | 30.14 | 26.36 | 23.10 | 22.57 | 21.71 | 21.35 | 21.28 | 21.74 | 22.85 | 23.81 | 0.21 | 0.23 | 0.25 | 0.25 |
| Shares outstanding | 59560165 | 59560165 | 59564515 | 59813195 | 59821595 | 59835095 | 59836595 | 60071225 | 60236688 | 60477676 | 60513663 | 60685743 | 60801893 | 61085921 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Padget Electronics Pvt. Ltd. | Subsidiary | Any other transaction, Purchase of goods or services | 52,681,141,000.00 | 19 |
| Dixon Electro Manufacturing Pvt. Ltd. | Subsidiary | Any other transaction, Purchase of goods or services | 11,151,313,000.00 | 11 |
| Ismartu India Private Limited | Subsidiary | Any other transaction, Purchase of fixed assets, Pur | 6,506,563,000.00 | 5 |
| G-Mobile Devices Private Limited | Entity under common control | Any other transaction, Sale of goods or services | 5,307,736,000.00 | 3 |
| Dixon Electro Appliances Pvt. Ltd. | Subsidiary | Any other transaction, Sale of fixed assets, Sale of | 4,868,507,000.00 | 13 |
| Imagine Marketing Private Limited | Entity having significant influenc | Any other transaction, Purchase of fixed assets, Pur | 4,812,459,000.00 | 5 |
| Tecno Mobile Limited | Entity under common control | Purchase of goods or services | 3,566,181,000.00 | 1 |
| Bharti Telemedia Ltd | Entity having significant influenc | Sale of goods or services | 3,285,280,000.00 | 1 |
| BHARTI AIRTEL LTD | Entity having significant influenc | Purchase of goods or services, Sale of goods or serv | 2,961,797,000.00 | 2 |
| Dixon Technologies Solutions Pvt. Ltd. | Subsidiary | Any other transaction, Purchase of fixed assets, Pur | 2,275,470,000.00 | 10 |
| S Mobile Devices Private Limited | Entity under common control | Any other transaction, Purchase of goods or services | 1,620,937,000.00 | 3 |
| Califonix Tech And Manufacturing Pvt Ltd | Subsidiary | Any other transaction, Sale of goods or services | 671,173,000.00 | 4 |
| Beetel Teletech Limited | Entity having significant influenc | Any other transaction, Sale of goods or services | 400,913,000.00 | 4 |
| AIL Dixon Technologies Pvt. Ltd. | Joint Venture | Any other transaction, Purchase of goods or services | 241,706,000.00 | 7 |
| Dixon Global Pvt. Ltd. | Subsidiary | Any other transaction, Sale of goods or services | 139,248,000.00 | 4 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-05 | Q1FY27 | LIMITED | Read the call |
| 2026-05-15 | Q4FY26 | LIMITED | Read the call |
| 2026-02-03 | Q3FY26 | LIMITED | Read the call |
| 2025-10-24 | Q2FY26 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2025-07-28 | Q1FY26 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2025-05-24 | Q4FY25 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2025-01-24 | Q3FY25 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2024-10-28 | Q2FY25 | Read the call | |
| 2024-08-04 | Q1FY25 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2024-05-20 | Q4FY24 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2024-02-06 | Q3FY24 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2023-10-30 | Q2FY24 | Read the call | |
| 2023-07-28 | Q1FY24 | DIXON TECHNOLOGIES (INDIA) LIMITED | Read the call |
| 2023-05-27 | Q4FY23 | LIMITED | Read the call |
| 2023-01-30 | Q3FY23 | Read the call | |
| 2022-10-29 | Q2FY23 | LIMITED | Read the call |
| 2022-08-02 | Q1FY23 | D ■xon, L .,, MANAGING DIRECTOR, DIXON TECHNOLOGIES | Read the call |
| 2022-06-03 | Q4FY22 | SERVICES | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | We've also achieved the capex thresholds for two years and revenue thresholds for current fiscal under PLI. | What kind of capex may be required for this facility? | And what could that ballpark number be from a capex standpoint that you would be investing? | We are the first company to actually achieve the revenue and capex investment thresholds. | Another highlight was a strong cash earned from the operations of 726 Crores in 2022-2023 which was used in funding the capex of almost 450 Crores and… | In this business also, we have achieved the thresholds for PLF growth for capex and revenues. | So we have done the CAPEX and as and when the revenues come into the system, we will file a claims for IT hardware revenues as well. | And in spite of a sluggish business environment, we have generated after doing a capex of almost INR1,058 crores, a free cash of INR700-plus crores. |
| Capital allocation | — | Sir, my first question is on the KHY acquisition. | Aditya, apart from mobile, so mobile, you deeply understand the next trigger of growth is Vivo partnership, acquisition of new customers, deepening of… | Also Bhoomika, coming in here, you see customer acquisition is always a very focused exercise in Dixon. | We have new customer acquisition and we have already started manufacturing for Jio. | And sir, my last question is on the kind of acquisition that we did with ismartQ. | — | In our camera module acquisition of Q Tech, we are expanding capacity from present 70 million units to 80 million units to almost 190 million units. |
| Costs | — | — | I was trying to get at more from an overall perspective, multiple drivers right now, smartphone input costs going up, PLI getting pushed out. | Overall, we are very happy that we could end this year on a good strong note with healthy growth across all the verticals, despite many headwinds; hea… | — | — | — | And question two, just from a top-down perspective for Dixon, both from an input cost inflation perspective and the forex rate, which is INR-U.S. doll… |
| Debt and cash | With a strong capital allocation discipline and effective working capital management, we were able to expand the return on capital employed and return… | Then we have always played extremely conservative in our capital allocation and management of our working capital and managing the balance sheet. | Our returns remain robust with industry-leading ROE and ROCE, low leverage and a negative working capital cycle, which gives us sufficient headroom to… | Our cost optimization initiative and proven working capital management will help us to sustain growth, profitability and even make the balance sheet e… | There has been huge focus of the team on cash conversion cycle and working capital management, Dixon Technologies India Limited May 23, 2023 Working c… | Working capital days stood at negative of 8 days. | Say, a payback period, ROCEs, asset turns, working capital, that sort? | Overall working capital efficiency led to stronger cash flow generation and working capital cycle of negative 8 days. |
| Demand | We're making more investments in this business in order to meet the increased order book in Motorola business, including a significant part that is go… | And order book looks healthy in coming months, including some decent export orders. | One important external headwind is a sharp increase in memory prices globally driven by AI and data center demand, reallocating the memory capacity aw… | Now we are further expanding the capacity and taking the capacity in washing machine to 2.4 million and our additional infrastructure footprint in Deh… | Apart from sluggish demand reasons for lower revenue is reduction in commodity prices, freight rates and migration of LED bulb technology from driver … | We have been making incremental investments in this business in order to meet the increased order book of our customers. | We're expanding capacity by 50% from our current levels for our anchor customer to meet their increased order book, a large part of it will be on acco… | Q4 revenues remained flat due to geopolitical concerns, softer consumer demand, inventory rationalization by brands, elevated input costs, majorly imp… |
| Guidance | Agreements with both the customers are in the final stages of closure, and we expect very decent volumes from these two new customers. | We expect to export around 0.5 million to 0.6 million units in February, March this fiscal itself. | We expect to receive ECMS approvals for display modules and enclosures shortly. | So as we have been guiding on the earning call, so our operating profit margins improved from 3.4% in Q3 to 4% in Q4. And this has been on account of … | I have a few questions first one mobile phone you did share quite a few development and two large brands coming on board in the next few months so can… | We expect a strong growth in the volumes of Motorola smartphones, including a growth in export orders. | ROCE and ROE will always remain key guiding parameters in the strategic investment decisions. | Over the past few weeks, supply-demand dynamics are becoming more balanced, and we are beginning to see an improvement in customer ordering pattern, a… |
| Margin | Revenue for the quarter was INR288 crores, which is again a significant growth over the quarter last year, with an operating profit of INR30 crores an… | Consumer Electronics, that is LED TVs and refrigerators, revenue for the quarter was INR633 crores with an operating profit and margin of INR22 crores… | Key highlights for the quarter are as below: Consolidated operating revenues for the quarter ended December 31, 2025, was INR10,678 crores against INR… | This is on account of the operating leverage as well as more backward integration that we are planning. | This has been led by change in sales mix, operating leverage, cost optimization and efficiency measures across all businesses and continued implementa… | Revenues for the quarter were INR897 crores where the operating profit and margin of INR30 crores and 3.4%, respectively. | Improvement of ROC to 48.5% and ROE up to 32.5% as on 31st March 25 which is well ahead of industry's benchmark was driven by high asset turnover, ope… | The revenues for the quarter ended March 31, 2026 was INR10,520 crores EBITDA excluding exceptional gain for the quarter was INR418 crores. |
| People | In fact, the asset turns -- because the capacity utilization of our prescriptive EMS business is going to increase, asset turns are going to improve. | — | — | — | — | What is the sort of the utilization level you're looking at broadly an average in FY '25? | So that should also lead to more utilization of that capacity infrastructure. | And sir, in the last conference call, you've spoken about industrial EMS wherein you had referred to hiring a senior resource. |
| Pricing | Is it RFQ-based and the pricing gets like bid out and then you get the opportunity? | — | While the electronic market faces near-term headwinds from commodity inflation and memory price increase, we continue to focus on building scale, brin… | The further price increases are being implemented as we speak, wherever gaps still exists and we are instituted cost optimization and efficiency measu… | At a full year level in 2021-2022 the selling prices for us at a total level was around 16,400 which has now come down to around 11,500 for 2022-2023 … | — | Given the brand mix that you see, do you think there is a scope for realization pricing as well or those remain probably still. | And also -- Siddhartha, both the pricing growth will also happen and the volume growth will also happen. |
| Revenue growth | January 31, 2024 crores, which is a growth of 251% year-on-year and 14% quarter-on-quarter. | Mobile phones, revenue for the quarter from mobile was INR8,089 crores, which is a growth of 176% year-on-year. | The JV with Signify, Philips continues to deliver exceptional results and partnership is driving robust higher double-digit revenue growth, enabling b… | So, which is a growth of 40-odd percent. | Coming to our overall performance for the fourth quarter, consolidated revenues for the quarter ended March 31, 2023 was Rs.3070 Crores against Rs.295… | Mobile and EMS business, revenue for the quarter was INR3,091 crores, which is a growth of 119% year-on-year. | 9,102 crores, growth of 194% year-on-year and operating profit of Rs. | EBITDA excluding exceptional gain for the year was INR1,887 crores against INR1,528 crores in the same period, which is a growth of 23%. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-08-02 | Q1FY23 | D ■xon | And can we expect margin improvement or margins to improve in this category from the 2% to 2.5% level? |
| 2022-08-02 | Q1FY23 | L ., | And we should be somewhere between 2.9% to 3%. |
| 2022-08-02 | Q1FY23 | L ., | Now our plan for this particular quarter, we feel that we should be somewhere around 1.1 million. |
| 2022-08-02 | Q1FY23 | D ■xon | So we can assume that the company should be in the margin guidance of around 4% for the year, will that be the safe assumption? |
| 2022-08-02 | Q1FY23 | L ., | And we feel that we should be able to add to the margins for the models in which we‟re going to do the LD SMT by around 0.5% to 0.6%. |
| 2022-08-02 | Q1FY23 | L ., | In Samsung's case, we see that we should be doing almost 2 million to 2.5 million smartphones every quarter. |
| 2023-07-28 | Q1FY24 | DIXON TECHNOLOGIES (INDIA) LIMITED | We have got increased order book from Motorola for 1.3 million to 1.5 million smartphones in Q2 as against at least 1 million in Q1. We expect the volume to increase to 2 million a quarter, including some large export orders from Q3 of the current fiscal. |
| 2025-01-24 | Q3FY25 | DIXON TECHNOLOGIES (INDIA) LIMITED | We expect to export around 0.5 million to 0.6 million units in February, March this fiscal itself. |
| 2025-10-24 | Q2FY26 | DIXON TECHNOLOGIES (INDIA) LIMITED | Construction of a 1 Mn square feet of mobile manufacturing campus in Noida is on track for our anchor customer with much larger capacity and same is expected to be completed by March '26. |