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Dixon Technologies (India) (DIXON)₹12,603−0.01%Consumer Electronics
In the Sep 2026 quarter (consolidated), Dixon Technologies (India) reported sales of ₹21,775 Cr, up 46.6% from Sep 2025, and net profit of ₹411 Cr, down 44.9% year on year. For the year to Mar 2026, sales were ₹48,830 Cr and net profit ₹1,644 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,816 | 4,656 | 6,583 | 11,530 | 10,446 | 10,285 | 12,826 | 14,857 | 10,667 | 10,502 | 15,547 | 21,775 |
| Expenses | 4,641 | 4,481 | 6,338 | 11,124 | 10,070 | 9,862 | 12,366 | 14,304 | 10,266 | 10,108 | 15,094 | 21,239 |
| Operating Profit | 185 | 183 | 249 | 428 | 392 | 444 | 484 | 562 | 415 | 409 | 464 | 599 |
| OPM % | 3.8% | 3.9% | 3.8% | 3.7% | 3.7% | 4.3% | 3.8% | 3.8% | 3.9% | 3.9% | 3.0% | 2.7% |
| Other Income | 3.99 | 18.99 | 15.98 | 206 | 9.99 | 265 | 7.99 | 496 | 139 | 89.97 | 537 | 71.98 |
| Interest | 22.08 | 21.07 | 29.10 | 38.11 | 41.10 | 46.14 | 33.12 | 38.11 | 43.13 | 24.08 | 24.08 | 26.08 |
| Depreciation | 40.91 | 50.90 | 54.87 | 65.83 | 74.78 | 85.75 | 92.73 | 95.80 | 98.72 | 105 | 107 | 110 |
| Profit before tax | 126 | 131 | 181 | 531 | 286 | 578 | 367 | 927 | 414 | 371 | 872 | 534 |
| Tax % | 23.0% | 25.0% | 22.0% | 22.0% | 24.0% | 19.0% | 23.0% | 18.9% | 22.0% | 19.0% | 17.0% | 23.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 163 | 0.00 | 202 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 96.95 | 96.95 | 140 | 412 | 216 | 464 | 280 | 745 | 321 | 298 | 717 | 411 |
| EPS (Rs) | 16.15 | 15.94 | 22.38 | 65.20 | 28.53 | 66.67 | 37.24 | 110.90 | 47.45 | 42.27 | 108.77 | 56.30 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,390 | 2,458 | 2,843 | 2,985 | 4,398 | 6,449 | 10,697 | 12,192 | 17,683 | 38,830 | 48,830 | 58,490 |
| Expenses | 1,342 | 2,366 | 2,734 | 2,853 | 4,176 | 6,159 | 10,330 | 11,688 | 17,004 | 37,390 | 47,028 | 56,708 |
| Operating Profit | 49.15 | 92.25 | 113 | 136 | 229 | 293 | 385 | 521 | 707 | 1,519 | 1,879 | 1,888 |
| OPM % | 3.5% | 3.7% | 4.0% | 4.6% | 5.0% | 4.5% | 3.6% | 4.3% | 4.0% | 3.9% | 3.8% | 3.2% |
| Other Income | 22.99 | 0.99 | 3.99 | 6.01 | 4.99 | 0.99 | 3.99 | 3.99 | 31.98 | 496 | 731 | 837 |
| Interest | 13.04 | 16.05 | 13.03 | 26.08 | 39.10 | 33.12 | 49.13 | 64.22 | 81.27 | 163 | 141 | 117 |
| Depreciation | 7.98 | 10.97 | 14.96 | 21.95 | 36.89 | 43.90 | 83.72 | 115 | 162 | 280 | 392 | 420 |
| Profit before tax | 51.22 | 66.22 | 88.32 | 94.37 | 157 | 218 | 256 | 346 | 496 | 1,577 | 2,078 | 2,191 |
| Tax % | 15.9% | 27.9% | 31.0% | 32.0% | 23.0% | 26.0% | 25.0% | 26.0% | 24.0% | 21.0% | 21.0% | — |
| Exceptional items | 7.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 | −0.99 | 561 | 813 | 0.00 |
| Net Profit | 42.99 | 47.99 | 60.99 | 62.92 | 120 | 160 | 190 | 255 | 375 | 1,231 | 1,644 | 1,747 |
| EPS (Rs) | 11.77 | 8.67 | 10.78 | 11.20 | 20.83 | 27.33 | 32.12 | 42.94 | 61.58 | 182.23 | 237.16 | 254.79 |
| Dividend payout % | 9.0% | 14.0% | 4.0% | 4.0% | 4.0% | 4.0% | 6.0% | 7.0% | 8.0% | 4.0% | 4.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.99 | 2.99 | 10.97 | 10.96 | 10.96 | 11.96 | 11.95 | 11.96 | 11.96 | 11.96 | 11.95 | 11.96 |
| Reserves | 82.12 | 120 | 186 | 304 | 367 | 531 | 727 | 986 | 1,274 | 1,685 | 3,000 | 4,666 |
| Borrowings | 81.94 | 79.90 | 42.94 | 44.89 | 141 | 86.89 | 294 | 665 | 452 | 488 | 669 | 992 |
| Other Liabilities | 158 | 216 | 551 | 609 | 975 | 1,073 | 1,820 | 2,625 | 2,953 | 4,822 | 13,127 | 13,533 |
| Total Liabilities | 325 | 418 | 791 | 969 | 1,495 | 1,702 | 2,852 | 4,288 | 4,691 | 7,007 | 16,809 | 19,204 |
| Fixed Assets | 97.20 | 124 | 137 | 179 | 241 | 415 | 551 | 1,005 | 1,246 | 2,000 | 2,780 | 4,184 |
| CWIP | 0.00 | 0.00 | 2.01 | 16.06 | 19.08 | 10.03 | 72.23 | 22.07 | 120 | 68.27 | 258 | 573 |
| Investments | 5.99 | 0.00 | 0.00 | 10.99 | 7.99 | 0.00 | 94.97 | 141 | 44.01 | 19.99 | 535 | 1,007 |
| Other Assets | 222 | 295 | 652 | 761 | 1,228 | 1,277 | 2,133 | 3,121 | 3,281 | 4,918 | 13,236 | 13,441 |
| Inventories | 113 | 136 | 282 | 322 | 407 | 497 | 742 | 1,154 | 957 | 1,693 | 3,988 | 3,835 |
| Trade receivables | 53.79 | 87.62 | 279 | 297 | 515 | 513 | 1,084 | 1,351 | 1,708 | 2,310 | 6,934 | 6,508 |
| Cash & equivalents | 7.03 | 7.03 | 15.07 | 44.19 | 37.15 | 100 | 69.25 | 183 | 230 | 210 | 265 | 945 |
| Total Assets | 325 | 418 | 791 | 969 | 1,495 | 1,702 | 2,852 | 4,288 | 4,691 | 7,007 | 16,809 | 19,204 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 43.84 | 41.88 | 52.82 | 67.77 | −2.99 | 236 | 170 | 272 | 724 | 582 | 1,147 | 1,777 |
| Cash from investing activity | −22.03 | −22.01 | −43.02 | −100 | −64.09 | −99.11 | −265 | −465 | −357 | −532 | −1,095 | −1,138 |
| Cash from financing activity | −22.01 | −20.01 | −7.99 | 41.99 | 69.05 | −56.98 | 62.99 | 304 | −330 | −70.05 | −27.01 | −108 |
| Net cash flow | 0.00 | 0.99 | 0.99 | 9.98 | 1.99 | 80.80 | −31.91 | 113 | 40.92 | −16.97 | 29.94 | 535 |
| Capex | 21.98 | 26.94 | 38.95 | 75.89 | 80.84 | 110 | 168 | 420 | 461 | 584 | 938 | 1,066 |
| Free cash flow | 22.92 | 15.93 | 14.94 | −4.98 | −81.69 | 128 | 1.99 | −145 | 275 | 15.93 | 253 | 721 |
| CFO / OP % | 152.0% | 103.0% | 74.1% | 78.0% | 11.0% | 123.0% | 77.0% | 85.0% | 156.0% | 100.0% | 94.1% | 117.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 18 | 24 | 43 | 39 | 64 | 44 | 63 | 47 | 52 | 49 | 66 | 50 |
| Inventory days | 38 | 41 | 47 | 47 | 57 | 47 | 47 | 43 | 32 | 39 | 41 | 31 |
| Days payable | 46 | 56 | 84 | 75 | 103 | 89 | 108 | 86 | 81 | 92 | 111 | 86 |
| Cash conversion cycle | 8 | 7 | 4 | 9 | 16 | 0 | 0 | 2 | 1 | −7 | −6 | −8 |
| Working capital days | 16 | 8 | 7 | 8 | 12 | 9 | 9 | 3 | −2 | −2 | 2 | −3 |
| ROCE % | 16.0% | 29.0% | 37.0% | 34.0% | 27.0% | 34.0% | 30.0% | 23.0% | 24.0% | 29.0% | 40.0% | 29.0% |
For the Sep 2026 quarter, Dixon Technologies (India) reported sales of ₹21,775 Cr, up 46.6% year on year and net profit of ₹411 Cr, down 44.9% year on year. The operating margin was 2.7%.
Dixon Technologies (India)'s sales for the year to Mar 2026 were ₹48,830 Cr; over the last twelve months they were ₹58,490 Cr.
Net profit for the year to Mar 2026 was ₹1,644 Cr, and ₹1,747 Cr over the last twelve months. Earnings per share over the same trailing period were ₹254.79.
Dixon Technologies (India) reported borrowings of ₹992 Cr at Mar 2026, against cash and equivalents of ₹945 Cr.
Cash from operations was ₹1,777 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹721 Cr.