Dixon Technologies Share Price Live

History

Dixon Technologies (India) Limited was incorporated on May 2, 2017, though its operations started much earlier. In 1994, the company had started manufacturing colour televisions and established a manufacturing facility at Noida in 1996. In 2007, it started manufacturing LCD TVs. In the subsequent year, it entered the lighting products vertical, starting with the manufacture of CFL products, as well as reverse logistics services. 

Thereafter the funds IBEF I and IBEF, advised and managed by MOPE Investment Advisors Pvt. Ltd., invested in the company. In 2010, Dixon began manufacturing LED TVs and its erstwhile subsidiary Dixon Appliances Pvt. Ltd. (DAPL) commenced semi-automatic washing machines manufacturing. In FY 2019-20, the Company launched further new products like LED and Smart TVs along with hybrid set-top boxes.

Business Segments

Dixon is one of the largest domestic manufacturers and designers in the consumer durables, lighting and mobile phone markets. It has a fairly diverse product portfolio including: 

(i) Consumer electronics e.g. LED TVs, set-top boxes, etc.

(ii) Home appliances e.g. washing machines

(iii) Lighting products e.g. LED bulbs and tube lights, down lighters and CFL bulbs

(iv) Mobile phones 

(v) CCTV & Digital Video Recorders (DVRs). 

(vi) Medical Electronics

(vii) IT hardware

Dixon also provides services in reverse logistics e.g. repair of Set Top Boxes, Mobile Phones and LED TV Panels. The company provides integrated end-to-end solutions to original equipment manufacturers (‘OEMs’). Such services include global sourcing, manufacturing, quality testing and packaging to logistics. 

It is also a major Original Design Manufacturer (‘ODM’) of lighting products, LED TVs and semi-automatic washing machines in India. Dixon manufactures and supplies these products to other companies in India who distribute these products under their own brand names. Recently, in July 2022, the company started manufacturing printed circuit boards for air conditioners in its facility in Noida.

Dixon Technologies has 6 subsidiaries, including Dixon Global Pvt. Ltd., Padget Electronics Pvt. Ltd., Dixon Electro Manufacturing Pvt. Ltd., among others.

Key Personnel

Mr. Sunil Vachani, Executive Chairman

Mr. Vachani is the promoter of the company and has been so since the company’s inception. He has a degree as an Associate of Applied Arts in Business Administration from the American College in London. He largely looks after the overall growth and business development of the company. He has over 30 years of experience in the EMS industry.

Mr. Atul B. Lall, MD and CEO

Mr. Atul B Lall, is the Managing Director and Vice Chairman of Dixon. He has a Master’s Degree in Management Studies from the Birla Institute of Technology and Science, Pilani. He too has been associated with the company since its inception. He is in charge of the company’s business operations. He too has over 30 years of experience in the EMS industry.

Corporate Actions

The following are some of the corporate actions done by the company in the recent past:

Stock Split

The company has last split its stock from a face value of ₹10 to ₹2 in March 2021.

Mergers and Acquisitions

• In 2022-23, Dixtel Communications Private Limited became a 100% Subsidiary of the Company effective on February 22, 2023.
• On 12th April, 2019, the company had acquired 100% equity shareholding of Padget Electronics Pvt Ltd.
• In 2017, pursuant to the amalgamation order, the company’s two wholly owned subsidiaries DAPL and DBMPL were amalgamated with the company.

Financial Highlights

• The company has shown a strong CAGR of over 30% between the years ending in March 2019 and March 2023.
• From having a negative net profit in the year ending in March 2012, the company now has a ₹255 crore net profit in the year ending in March 2023.
• The company has an interest coverage ratio of 7.20 as of September 2023.