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Dixon Technologies (India) Ltd
NSE:DIXON

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Dixon Technologies (India) Ltd
NSE:DIXON
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Price: 11 166.5 INR -1.4% Market Closed
Market Cap: ₹678.9B

EV/IC

10.9
Current
37%
Cheaper
vs 3-y average of 17.2

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
10.9
=
Enterprise Value
₹615.7B
/
Invested Capital
₹61.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
10.9
=
Enterprise Value
₹615.7B
/
Invested Capital
₹61.1B

Valuation Scenarios

Dixon Technologies (India) Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (17.2), the stock would be worth ₹17 736.49 (59% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-79%
Maximum Upside
+74%
Average Downside
0%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 10.9 ₹11 166.5
0%
3-Year Average 17.2 ₹17 736.49
+59%
5-Year Average 18.8 ₹19 386.89
+74%
Industry Average 4.9 ₹5 056.48
-55%
Country Average 2.3 ₹2 333.38
-79%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close

Market Distribution

Higher than 91% of companies in India
Percentile
91th
Based on 2 828 companies
91th percentile
10.9
Low
0 — 1.3
Typical Range
1.3 — 4.2
High
4.2 —
Distribution Statistics
India
Min 0
30th Percentile 1.3
Median 2.3
70th Percentile 4.2
Max 4 185.7

Dixon Technologies (India) Ltd
Glance View

Dixon Technologies (India) Ltd. has woven its success story in the expansive tapestry of the Indian electronics manufacturing sector. Born in 1993, the Noida-headquartered company quickly rose to prominence by positioning itself as a one-stop solution for original equipment manufacturers (OEMs), offering end-to-end solutions in consumer electronics, home appliances, lighting, mobile phones, and security devices. The essence of Dixon's operations lies in its role as an electronics manufacturing services (EMS) provider, which allows various global and domestic brands to leverage its manufacturing prowess. This strategic alignment helps these brands bring quality products to the market without the burden of managing intricate manufacturing processes. By handling aspects of product development, supply chain management, and after-sales services, Dixon broadens its revenue streams while enabling partners to focus on branding and marketing. At the heart of Dixon Technologies' business model is its ability to deliver scale and efficiency, a crucial edge in the low-margin, high-volume electronics manufacturing industry. The company operates through a series of integrated verticals, which allow it to meticulously manage its input costs while optimizing output quality. This vertical integration extends from component manufacturing to full assembly, giving Dixon control over cost structures and timelines. Its extensive manufacturing facilities, combined with a focus on innovation and automation, foster a competitive advantage. By continuously updating its technological offerings and expanding its portfolio across product categories, Dixon stands not just as a manufacturer but as a trusted partner that fuels the hardware aspirations of many renowned technology brands. The company's profitability fundamentally hinges on maintaining robust relationships with its clients, consistent volume growth, and operational excellence.

DIXON Intrinsic Value
11 233.68 INR
Undervaluation 1%
Intrinsic Value
Price ₹11 166.5
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