Dixon Technologies (India) Ltd
About
Dixon Technologies (India) Limited is a leading electronics manufacturer in India. It started with the manufacturing of colour television in 1994, though it was founded in 1993. Its portfolio has expanded to include consumer electronics, home appliances, lighting products, mobile phones, CCTVs and digital video recorders (DVRs), wearables, refrigerators, IT hardware, and reverse logistics for repairs and refurbishment of its products. The company provides R&D, sourcing, designing, manufacturing, assembling, and testing solutions to its clients. With 23 manufacturing facilities across 4 states in India, the company roped in a revenue of ₹17,79,090 in FY 23-24. Dixon also owns 3 R&D facilities in India and China and employs over 22,000 permanent and contractual employees.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 17827 46.2% | 12194 12.8% | 10811 68.1% | 6433 44.3% | 4458 49.8% | 2975 3.3% | 2881 16.0% | 2484 75.1% | 1419 16.9% | 1214 10.2% | 1102 43.3% | 769 33.0% | 578 -0.3% | 580 -11.5% | 655 - |
| Net Operating Income (INR Cr) | 17691 45.10% | 12192 13.98% | 10697 65.89% | 6448 46.55% | 4400 47.43% | 2984 5.03% | 2842 15.65% | 2457 76.84% | 1389 15.66% | 1201 9.84% | 1094 42.61% | 767 33.98% | 572 0.00% | 580 -11.46% | 655 0.00% |
| Profit (INR Cr) | 368 43.9% | 256 34.4% | 190 19.0% | 160 32.6% | 121 90.2% | 63 4.0% | 61 28.0% | 48 11.8% | 43 258.9% | 12 -12.2% | 14 171.3% | 5 - | -7 - | 2 -88.9% | 15 - |
| Assets (INR Cr) | 2298 29.8% | 1771 4.6% | 1693 62.6% | 1042 43.9% | 724 6.1% | 683 87.9% | 363 49.4% | 243 18.7% | 205 19.2% | 172 0.6% | 171 7.8% | 158 -10.9% | 178 -1.8% | 181 24.5% | 145 - |
| Net Worth (INR Cr) | 1695 31.9% | 1285 28.9% | 997 35.2% | 737 36.2% | 541 43.1% | 378 20.1% | 315 59.8% | 197 60.5% | 123 44.8% | 85 15.3% | 74 19.6% | 62 9.3% | 56 0.0% | 75 1.8% | 74 0.0% |
| Employee Cost (INR Cr) | 333 32.2% | 252 27.2% | 198 44.3% | 137 16.2% | 118 40.7% | 84 15.3% | 73 13.8% | 64 16.3% | 55 49.1% | 37 14.2% | 32 55.3% | 21 -42.6% | 36 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 81 | 64 | 49 | 33 | 39 | 26 | 13 | 16 | 13 | 10 | 11 | 11 | 11 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 209 | 229 | 182 | 69 | 100 | 37 | 44 | 15 | 7 | 7 | 5 | 6 | 6 | 8 | 2 |
| Total Debt (INR Cr) | 480 | 444 | 667 | 295 | 87 | 141 | 45 | 43 | 80 | 82 | 94 | 94 | 119 | 106 | 72 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.1% | 2.1% | 1.8% | 2.5% | 2.7% | 2.1% | 2.1% | 1.9% | 3.0% | 1.0% | 1.2% | 0.7% | - | 0.3% | 2.3% |
| Profit As % Of Assets | 16.0% | 14.4% | 11.2% | 15.3% | 16.7% | 9.3% | 16.8% | 19.6% | 20.8% | 6.9% | 7.9% | 3.1% | - | 0.9% | 10.4% |
| Profit As % Of Networth | 21.7% | 19.9% | 19.1% | 21.7% | 22.3% | 16.8% | 19.3% | 24.1% | 34.7% | 14.0% | 18.4% | 8.1% | - | 2.2% | 20.5% |
| Interest Cost to EBITDA % | 11.5% | 12.4% | 12.9% | 11.2% | 17.3% | 19.3% | 11.9% | 17.0% | 22.3% | 30.6% | 43.2% | 57.0% | 205.4% | - | - |
| Debt to Equity Ratio | 0.28 | 0.35 | 0.67 | 0.40 | 0.16 | 0.37 | 0.14 | 0.22 | 0.65 | 0.97 | 1.27 | 1.53 | 2.12 | 1.41 | 0.97 |
| RONW | 25.2% | 22.4% | 22.0% | 25.0% | 26.2% | 18.3% | 23.8% | 29.7% | 33.7% | 16.5% | 21.8% | 6.7% | - | 2.2% | 20.5% |
| ROCE | 28.4% | 23.6% | 22.2% | 28.3% | 27.9% | 23.0% | 33.5% | 36.6% | 29.1% | 16.1% | 18.1% | 10.4% | 0.9% | 1.0% | 10.4% |