- Total income
- ₹39,625 Cr
- Profit
- ₹1,096 Cr

About Dixon Technologies (India) Limited
Data last updated:
Dixon Technologies (India) Limited is a public limited company based in Noida, Uttar Pradesh, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 15 January 1993 and has been in existence for over 33 years.
Dixon Technologies (India) is ranked #78 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Sunil Vachani is #112 among India's richest people (2026). Its director Atul B Lall is #606 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L32101UP1993PLC066581. Its GSTIN is 09AAACD3641D1Z2 (Uttar Pradesh). The company holds 31 GST registrations, of which 3 are active. Its shares are listed on BSE: 540699 and NSE: DIXON.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹12.23 Cr. It was formerly known as West on Utilities Limited and Dixon Utilities and Exports Limited. It is led by directors including Atul Behari Lall (Managing Director) and Sunil Vachani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 14 & 15 Phase – II, Noida, Uttar Pradesh, India – 201305.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹48,873 Cr, a growth of 25.8% compared to the previous year. For the same year it recorded a net profit of ₹624.7 Cr (net margin 1.3%) and EBITDA of ₹1,869.85 Cr (EBITDA margin 3.8%). The net worth stands at ₹4,676.67 Cr (up 54.9% YoY). Total assets are valued at ₹6,516.83 Cr (up 53.8% YoY).
The company has about 1,713 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries and 3 joint ventures.
The company is associated with 1 brand: Dixon Technologies. As per MCA filings, the company has open charges of ₹2,276.31 Cr and satisfied charges of ₹838.44 Cr on record. Court records list 117 cases involving the company, including 28 filed by the company and 89 filed against it; 18 cases are pending. The company has 45 deals on record (32 market trades, 7 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹44.5 Cr; the latest was in May 2026. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing, Electronic Equipment and Components Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 smaller; the largest is Padget Electronics Private Limited with revenue of ₹27,964 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 709 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dixoninfo.com.
Company details
Name history
Dixon Technologies (India) has undergone 6 name changes throughout its history. The current legal name is Dixon Technologies (India) Limited.
| Company Name | Status |
|---|---|
| Dixon Technologies (India) Limited | Current |
| West On Utilities Limited | Previous |
| Dixon Utilities And Exports Limited | Previous |
| Weston Utilities Limited | Previous |
| Dixum Utilities And Exports Private Limited | Previous |
| Dixon Technologies (India) Private Limited | Previous |
| Dixon Utilities And Exports Private Limited | Previous |
CIN history
Dixon Technologies (India) has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L32101UP1993PLC066581, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L32101UP1993PLC066581 | Current |
| U32101UP1993PTC066581 | Previous |
| U32101UP1993PLC066581 | Previous |
| U32101RJ1993PTC007159 | Previous |
Recognitions & Rankings of Dixon Technologies (India)
- Valuation
- ₹1,03,730 Cr
- #112 Sunil Vachani ₹28,900 Cr
- #606 Atul B Lall ₹5,500 Cr
Contact details
Dixon Technologies (India) Limited's registered office is in Noida, Uttar Pradesh. Its website is dixoninfo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 14 & 15 Phase – II, Noida, Uttar Pradesh, India – 201305
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Dixon Technologies (India) Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Dixon Technologies (India) operates one associated brand: Dixon Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronics manufacturing services are provided for consumer and home products. | dixoninfo.com |
Business activity
The main business activity of Dixon Technologies (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Dixon Technologies (India) Limited, buy the company report.
Financials of Dixon Technologies (India) Limited
FY 2025-26 filings availableDixon Technologies (India) Limited reported revenue of ₹48,873 Cr (up 25.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 48,873 | 38,860 | 17,691 | 12,192 | 10,697 | 6,448 | 4,400 |
| Revenue growth | +25.8% | +119.7% | +45.1% | +14.0% | +65.9% | +46.6% | - |
| EBITDA | 1,870 | 1,515 | 704 | 516 | 384 | 292 | 228 |
| EBITDA margin | +3.8% | +3.9% | +4.0% | +4.2% | +3.6% | +4.5% | +5.2% |
| Profit before tax | 2,071 | 1,570 | 494 | 345 | 255 | 217 | 157 |
| Net profit | 625 | 534 | 368 | 257 | 190 | 160 | 121 |
| Net profit margin | +1.3% | +1.4% | +2.1% | +2.1% | +1.8% | +2.5% | +2.7% |
| EPS (₹) | 236.62 | 181.83 | 61.50 | 42.91 | 32.04 | 27.29 | 104.15 |
| Balance sheet | |||||||
| Total assets | 6,517 | 4,237 | 2,298 | 1,771 | 1,693 | 1,042 | 724 |
| Net worth | 4,677 | 3,019 | 1,704 | 1,294 | 997 | 737 | 541 |
| Total debt | 994 | 662 | 480 | 444 | 667 | 295 | 86.67 |
| Cash & bank | 941 | 264 | 209 | 229 | 182 | 68.88 | 100 |
| Net working capital | 691 | 671 | 169 | 223 | 448 | 310 | 288 |
| Cash flow | |||||||
| Cash from operations | 1,782 | 1,150 | 584 | 726 | 273 | 170 | 237 |
| Cash from investing | (1,138) | (1,093) | (531) | (356) | (464) | (265) | (98.75) |
| Cash from financing | (108) | (26.57) | (69.97) | (330) | 304 | 63.47 | (57.36) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15,548 | 10,511 | 10,672 | 14,855 | 12,836 | 10,293 | 10,454 | 11,534 |
| Revenue growth (YoY) | +21.1% | +2.1% | +2.1% | +28.8% | +95.1% | - | - | - |
| Other income | 537 | 90.02 | 139 | 497 | 8.44 | 265 | 10.08 | 206 |
| EBITDA | 463 | 408 | 414 | 561 | 482 | 443 | 391 | 426 |
| EBITDA margin | +3.0% | +3.9% | +3.9% | +3.8% | +3.8% | +4.3% | +3.7% | +3.7% |
| Depreciation | 107 | 105 | 99.03 | 96.28 | 92.70 | 85.91 | 74.60 | 66.00 |
| Interest | 24.12 | 23.66 | 42.87 | 38.35 | 32.59 | 46.26 | 40.87 | 37.93 |
| Profit before tax | 869 | 370 | 412 | 924 | 366 | 576 | 285 | 529 |
| Tax | 151 | 71.79 | 91.13 | 178 | 85.50 | 111 | 68.90 | 117 |
| Net profit | 718 | 298 | 321 | 746 | 280 | 465 | 216 | 412 |
| EPS (₹) | 117.87 | 48.81 | 52.62 | 122.73 | 46.30 | 76.42 | 35.64 | 68.11 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,930 | 5,401 | 6,411 | 6,997 | 7,484 | 5,675 | 3,672 |
| Revenue growth | -27.2% | -15.8% | -8.4% | -6.5% | +31.9% | +54.6% | - |
| EBITDA | 211 | 248 | 317 | 364 | 284 | 273 | 204 |
| EBITDA margin | +5.4% | +4.6% | +5.0% | +5.2% | +3.8% | +4.8% | +5.6% |
| Profit before tax | 888 | 679 | 247 | 285 | 200 | 206 | 142 |
| Net profit | (32.19) | (7.39) | 186 | 213 | 151 | 152 | 111 |
| Net profit margin | -0.8% | -0.1% | +2.9% | +3.0% | +2.0% | +2.7% | +3.0% |
| EPS (₹) | 124.91 | 93.93 | 31.05 | 35.46 | 25.44 | 25.96 | 95.60 |
| Balance sheet | |||||||
| Total assets | 3,528 | 2,505 | 1,660 | 1,433 | 1,319 | 933 | 678 |
| Net worth | 3,239 | 2,183 | 1,394 | 1,166 | 922 | 702 | 514 |
| Total debt | 257 | 303 | 239 | 243 | 373 | 223 | 76.03 |
| Cash & bank | 21.99 | 39.04 | 21.82 | 49.21 | 116 | 40.93 | 97.69 |
| Net working capital | 506 | 215 | 208 | 241 | 376 | 328 | 259 |
| Cash flow | |||||||
| Cash from operations | (104) | 279 | 239 | 404 | 214 | 158 | 238 |
| Cash from investing | (42.80) | (382) | (266) | (283) | (249) | (266) | (93.10) |
| Cash from financing | 130 | 121 | 2.31 | (189) | 110 | 50.86 | (60.56) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,080 | 861 | 792 | 1,386 | 891 | 1,086 | 1,030 | 1,986 |
| Revenue growth (YoY) | +21.2% | -20.7% | -23.1% | -30.2% | -31.4% | - | - | - |
| Other income | 540 | 81.29 | 192 | 522 | 6.52 | 292 | 5.94 | 246 |
| Total expenses | 1,011 | 832 | 737 | 1,310 | 842 | 1,014 | 1,001 | 1,895 |
| EBITDA | 68.67 | 29.62 | 55.79 | 75.70 | 49.24 | 71.28 | 29.76 | 91.58 |
| EBITDA margin | +6.4% | +3.4% | +7.0% | +5.5% | +5.5% | +6.6% | +2.9% | +4.6% |
| Depreciation | 16.66 | 16.90 | 16.48 | 17.66 | 18.85 | 19.97 | 16.57 | 17.43 |
| Interest | 8.02 | 6.99 | 19.05 | 13.39 | 14.84 | 15.15 | 14.97 | 11.67 |
| Profit before tax | 584 | 87.02 | 213 | 566 | 22.07 | 328 | 4.16 | 309 |
| Tax | 86.17 | 9.12 | 25.51 | 87.96 | 6.14 | 49.12 | 1.66 | 51.72 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15,548 | 10,511 | 10,672 | 14,855 | 12,836 | 10,293 | 10,454 | 11,534 |
| Revenue growth (YoY) | +21.1% | +2.1% | +2.1% | +28.8% | +95.1% | - | - | - |
| Other income | 537 | 90.02 | 139 | 497 | 8.44 | 265 | 10.08 | 206 |
| EBITDA | 463 | 408 | 414 | 561 | 482 | 443 | 391 | 426 |
| EBITDA margin | +3.0% | +3.9% | +3.9% | +3.8% | +3.8% | +4.3% | +3.7% | +3.7% |
| Depreciation | 107 | 105 | 99.03 | 96.28 | 92.70 | 85.91 | 74.60 | 66.00 |
| Interest | 24.12 | 23.66 | 42.87 | 38.35 | 32.59 | 46.26 | 40.87 | 37.93 |
| Profit before tax | 869 | 370 | 412 | 924 | 366 | 576 | 285 | 529 |
| Tax | 151 | 71.79 | 91.13 | 178 | 85.50 | 111 | 68.90 | 117 |
| Net profit | 718 | 298 | 321 | 746 | 280 | 465 | 216 | 412 |
| EPS (₹) | 117.87 | 48.81 | 52.62 | 122.73 | 46.30 | 76.42 | 35.64 | 68.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 48,873 | 38,860 | 17,691 | 12,192 | 10,697 | 6,448 | 4,400 |
| Revenue growth | +25.8% | +119.7% | +45.1% | +14.0% | +65.9% | +46.6% | - |
| Other income | 734 | 498 | 32.80 | 7.23 | 3.81 | 1.58 | 5.20 |
| Total expenses | 47,003 | 37,345 | 16,987 | 11,676 | 10,313 | 6,156 | 4,173 |
| Employee cost | 711 | 567 | 333 | 252 | 198 | 137 | 118 |
| EBITDA | 1,870 | 1,515 | 704 | 516 | 384 | 292 | 228 |
| EBITDA margin | +3.8% | +3.9% | +4.0% | +4.2% | +3.6% | +4.5% | +5.2% |
| Depreciation | 393 | 281 | 162 | 115 | 83.95 | 43.72 | 36.53 |
| Interest | 141 | 162 | 80.96 | 64.07 | 49.40 | 32.72 | 39.44 |
| Profit before tax | 2,071 | 1,570 | 494 | 345 | 255 | 217 | 157 |
| Tax | 426 | 337 | 119 | 89.70 | 64.38 | 57.21 | 36.27 |
| Net profit | 625 | 534 | 368 | 257 | 190 | 160 | 121 |
| Net profit margin | +1.3% | +1.4% | +2.1% | +2.1% | +1.8% | +2.5% | +2.7% |
| EPS (₹) | 236.62 | 181.83 | 61.50 | 42.91 | 32.04 | 27.29 | 104.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.16 | 20.87 | 20.78 | 20.73 | 11.87 | 11.71 | 11.57 |
| Reserves & surplus | 4,665 | 2,998 | 1,683 | 1,273 | 985 | 726 | 530 |
| Shareholders' funds (net worth) | 4,677 | 3,019 | 1,704 | 1,294 | 997 | 737 | 541 |
| Minority interest | 710 | 459 | 27.61 | (0.28) | 0.55 | 0.00 | 0.00 |
| Secured loans | 108 | 193 | 142 | 174 | 458 | 156 | 61.67 |
| Unsecured loans | 886 | 469 | 338 | 270 | 209 | 138 | 25.00 |
| Total debt | 994 | 662 | 480 | 444 | 667 | 295 | 86.67 |
| Total liabilities | 6,517 | 4,237 | 2,298 | 1,771 | 1,693 | 1,042 | 724 |
| Assets | |||||||
| Gross block | 5,320 | 3,563 | 2,451 | 1,531 | 1,185 | 667 | 497 |
| Net block | 4,172 | 2,774 | 1,996 | 1,244 | 1,003 | 550 | 414 |
| Capital work in progress | 571 | 257 | 68.34 | 120 | 22.39 | 72.39 | 9.55 |
| Investments | 1,007 | 536 | 20.04 | 44.15 | 141 | 95.25 | 0.00 |
| Inventories | 3,837 | 3,992 | 1,695 | 958 | 1,156 | 743 | 498 |
| Sundry debtors | 6,530 | 6,965 | 2,318 | 1,715 | 1,356 | 1,089 | 515 |
| Cash & bank balances | 941 | 264 | 209 | 229 | 182 | 68.88 | 100 |
| Loans & advances | 1,908 | 1,873 | 615 | 207 | 318 | 195 | 133 |
| Total current assets | 13,215 | 13,094 | 4,836 | 3,109 | 3,012 | 2,096 | 1,246 |
| Total current liabilities | 12,524 | 12,423 | 4,667 | 2,886 | 2,564 | 1,786 | 958 |
| Net working capital | 691 | 671 | 169 | 223 | 448 | 310 | 288 |
| Total assets | 6,517 | 4,237 | 2,298 | 1,771 | 1,693 | 1,042 | 724 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 231 | 200 | 217 | 176 | 63.86 | 95.66 | 14.43 |
| Net cash from operating activities | 1,782 | 1,150 | 584 | 726 | 273 | 170 | 237 |
| Net cash from investing activities | (1,138) | (1,093) | (531) | (356) | (464) | (265) | (98.75) |
| Net cash from financing activities | (108) | (26.57) | (69.97) | (330) | 304 | 63.47 | (57.36) |
| Net change in cash | 537 | 30.37 | (16.56) | 40.58 | 113 | (31.82) | 81.23 |
| Closing cash | 941 | 264 | 209 | 229 | 182 | 68.88 | 100 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +25.8% | +119.7% | +45.1% | +14.0% | +65.9% | +46.6% | - |
| EBITDA growth | +23.4% | +115.2% | +36.3% | +34.4% | +31.7% | +28.3% | - |
| PBT growth | +31.9% | +217.9% | +43.2% | +35.4% | +17.4% | +38.4% | +67.1% |
| Net income growth | +17.1% | +44.8% | +43.2% | +35.6% | +18.8% | +32.4% | - |
| Revenue CAGR (3Y) | +58.9% | +53.7% | +40.0% | +40.5% | +53.0% | +31.4% | +21.4% |
| EBITDA CAGR (3Y) | +53.6% | +58.0% | +34.1% | +31.4% | +41.3% | +37.3% | +35.6% |
| Profitability & leverage | |||||||
| Net income margin | +3.4% | +3.2% | +2.1% | +2.1% | +1.8% | +2.5% | +2.7% |
| Return on capital employed | +32.1% | +42.0% | +28.4% | +23.6% | +22.2% | +28.3% | +27.9% |
| Return on net worth | +21.6% | +28.5% | +25.2% | +22.4% | +22.0% | +25.0% | +26.2% |
| Debt / equity | 0.22 | 0.24 | 0.31 | 0.49 | 0.55 | 0.30 | 0.25 |
| Long-term debt / equity | 0.17 | 0.19 | 0.27 | 0.39 | 0.41 | 0.18 | 0.03 |
| Interest cover | 9.53 | 13.09 | 14.94 | 15.95 | 16.45 | 13.19 | 20.65 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 11.00 | 12.92 | 8.89 | 8.93 | 11.55 | 11.08 | 11.21 |
| Inventory turnover | 12.49 | 13.67 | 13.34 | 11.54 | 11.27 | 10.39 | 9.71 |
| Debtors turnover | 7.24 | 8.37 | 8.77 | 7.94 | 8.75 | 8.04 | 8.53 |
| EPS (₹) | 236.62 | 181.83 | 61.50 | 42.91 | 32.04 | 27.29 | 104.15 |
| Dividend per share (₹) | 10.00 | 8.00 | 5.00 | 3.00 | 2.00 | 1.00 | 4.00 |
| Book value per share (₹) | 769.19 | 499.62 | 283.42 | 215.77 | 167.95 | 125.93 | 467.87 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,080 | 861 | 792 | 1,386 | 891 | 1,086 | 1,030 | 1,986 |
| Revenue growth (YoY) | +21.2% | -20.7% | -23.1% | -30.2% | -31.4% | - | - | - |
| Other income | 540 | 81.29 | 192 | 522 | 6.52 | 292 | 5.94 | 246 |
| Total expenses | 1,011 | 832 | 737 | 1,310 | 842 | 1,014 | 1,001 | 1,895 |
| EBITDA | 68.67 | 29.62 | 55.79 | 75.70 | 49.24 | 71.28 | 29.76 | 91.58 |
| EBITDA margin | +6.4% | +3.4% | +7.0% | +5.5% | +5.5% | +6.6% | +2.9% | +4.6% |
| Depreciation | 16.66 | 16.90 | 16.48 | 17.66 | 18.85 | 19.97 | 16.57 | 17.43 |
| Interest | 8.02 | 6.99 | 19.05 | 13.39 | 14.84 | 15.15 | 14.97 | 11.67 |
| Profit before tax | 584 | 87.02 | 213 | 566 | 22.07 | 328 | 4.16 | 309 |
| Tax | 86.17 | 9.12 | 25.51 | 87.96 | 6.14 | 49.12 | 1.66 | 51.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,930 | 5,401 | 6,411 | 6,997 | 7,484 | 5,675 | 3,672 |
| Revenue growth | -27.2% | -15.8% | -8.4% | -6.5% | +31.9% | +54.6% | - |
| Other income | 802 | 556 | 37.29 | 18.47 | 2.62 | 2.39 | 9.20 |
| Total expenses | 3,719 | 5,153 | 6,094 | 6,634 | 7,201 | 5,401 | 3,468 |
| Employee cost | 240 | 264 | 188 | 184 | 162 | 125 | 109 |
| EBITDA | 211 | 248 | 317 | 364 | 284 | 273 | 204 |
| EBITDA margin | +5.4% | +4.6% | +5.0% | +5.2% | +3.8% | +4.8% | +5.6% |
| Depreciation | 69.89 | 70.65 | 63.98 | 57.61 | 50.72 | 38.46 | 31.78 |
| Interest | 55.19 | 54.53 | 43.63 | 39.31 | 35.23 | 30.95 | 38.73 |
| Profit before tax | 888 | 679 | 247 | 285 | 200 | 206 | 142 |
| Tax | 129 | 113 | 61.32 | 74.10 | 49.41 | 54.19 | 31.80 |
| Net profit | (32.19) | (7.39) | 186 | 213 | 151 | 152 | 111 |
| Net profit margin | -0.8% | -0.1% | +2.9% | +3.0% | +2.0% | +2.7% | +3.0% |
| EPS (₹) | 124.91 | 93.93 | 31.05 | 35.46 | 25.44 | 25.96 | 95.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.16 | 12.05 | 11.96 | 11.91 | 11.87 | 11.71 | 11.57 |
| Reserves & surplus | 3,227 | 2,171 | 1,382 | 1,154 | 910 | 691 | 503 |
| Shareholders' funds (net worth) | 3,239 | 2,183 | 1,394 | 1,166 | 922 | 702 | 514 |
| Secured loans | 0.00 | 43.46 | 59.39 | 72.02 | 246 | 131 | 36.83 |
| Unsecured loans | 257 | 259 | 180 | 171 | 127 | 91.98 | 39.20 |
| Total debt | 257 | 303 | 239 | 243 | 373 | 223 | 76.03 |
| Total liabilities | 3,528 | 2,505 | 1,660 | 1,433 | 1,319 | 933 | 678 |
| Assets | |||||||
| Gross block | 1,095 | 1,128 | 1,074 | 930 | 758 | 484 | 429 |
| Net block | 796 | 842 | 824 | 741 | 608 | 381 | 350 |
| Capital work in progress | 367 | 174 | 34.35 | 52.33 | 18.96 | 71.55 | 9.55 |
| Investments | 1,907 | 1,086 | 124 | 138 | 227 | 140 | 45.01 |
| Inventories | 476 | 384 | 390 | 433 | 656 | 555 | 364 |
| Sundry debtors | 555 | 608 | 907 | 931 | 846 | 1,003 | 429 |
| Cash & bank balances | 21.99 | 39.04 | 21.82 | 49.21 | 116 | 40.93 | 97.69 |
| Loans & advances | 143 | 73.31 | 48.66 | 112 | 153 | 200 | 99.40 |
| Total current assets | 1,197 | 1,104 | 1,367 | 1,524 | 1,771 | 1,799 | 990 |
| Total current liabilities | 690 | 889 | 1,159 | 1,283 | 1,394 | 1,471 | 731 |
| Net working capital | 506 | 215 | 208 | 241 | 376 | 328 | 259 |
| Total assets | 3,528 | 2,505 | 1,660 | 1,433 | 1,319 | 933 | 678 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.53 | 19.79 | 44.00 | 111 | 36.05 | 93.34 | 8.95 |
| Net cash from operating activities | (104) | 279 | 239 | 404 | 214 | 158 | 238 |
| Net cash from investing activities | (42.80) | (382) | (266) | (283) | (249) | (266) | (93.10) |
| Net cash from financing activities | 130 | 121 | 2.31 | (189) | 110 | 50.86 | (60.56) |
| Net change in cash | (15.90) | 17.74 | (24.21) | (67.42) | 75.37 | (57.29) | 84.39 |
| Closing cash | 21.99 | 39.04 | 21.82 | 49.21 | 116 | 40.93 | 97.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -27.2% | -15.8% | -8.4% | -6.5% | +31.9% | +54.6% | - |
| EBITDA growth | -14.8% | -21.8% | -12.8% | +28.2% | +3.9% | +34.1% | - |
| PBT growth | +30.8% | +174.9% | -13.4% | +42.4% | -2.8% | +44.8% | +69.3% |
| Net income growth | -335.6% | -104.0% | -12.4% | +41.3% | -0.9% | +37.1% | - |
| Revenue CAGR (3Y) | -17.5% | -10.3% | +4.2% | +24.0% | +43.6% | +36.9% | +30.7% |
| EBITDA CAGR (3Y) | -16.6% | -4.4% | +5.1% | +21.3% | +31.2% | +36.9% | +34.0% |
| Profitability & leverage | |||||||
| Net income margin | +19.3% | +10.5% | +2.9% | +3.0% | +2.0% | +2.7% | +3.0% |
| Return on capital employed | +8.4% | +11.6% | +18.8% | +23.6% | +20.9% | +29.4% | +30.7% |
| Return on net worth | -1.2% | -0.4% | +14.5% | +20.2% | +18.6% | +25.0% | +25.3% |
| Debt / equity | 0.10 | 0.15 | 0.19 | 0.29 | 0.37 | 0.25 | 0.25 |
| Long-term debt / equity | 0.04 | 0.09 | 0.15 | 0.24 | 0.27 | 0.12 | 0.02 |
| Interest cover | 39.04 | 30.73 | 17.22 | 12.84 | 15.12 | 13.19 | 22.53 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.54 | 4.91 | 6.40 | 8.29 | 12.05 | 12.43 | 10.79 |
| Inventory turnover | 9.14 | 13.95 | 15.59 | 12.86 | 12.36 | 12.34 | 11.11 |
| Debtors turnover | 6.76 | 7.13 | 6.98 | 7.88 | 8.10 | 7.93 | 8.46 |
| EPS (₹) | 124.91 | 93.93 | 31.05 | 35.46 | 25.44 | 25.96 | 95.60 |
| Dividend per share (₹) | 10.00 | 8.00 | 5.00 | 3.00 | 2.00 | 1.00 | 4.00 |
| Book value per share (₹) | 532.73 | 362.29 | 233.16 | 195.87 | 155.39 | 119.95 | 444.39 |
To see the full year-wise statements and ratios of Dixon Technologies (India) Limited, buy the company report.
Board of directors of Dixon Technologies (India) Limited
Dixon Technologies (India) has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Behari Lall Also directs: Dixon Electro Manufacturing Private Limited, Padget Electronics Private Limited, Happy Forgings Limited and 5 more | Managing Director | 28 Sep 2006 | 20 Years 0 Months | Current |
| Sunil Vachani | Whole-Time Director | 01 Dec 2003 | 22 Years 10 Months | Current |
| Manoj Maheshwari Also directs: Padget Electronics Private Limited, Ajay Poly Ltd | Director | 03 May 2017 | 9 Years 5 Months | Current |
| Keng Tsung Kuo | Director | 12 Apr 2019 | 7 Years 6 Months | Current |
| Saurabh Gupta | Additional Director | 17 Oct 2025 | 1 Years 0 Months | Current |
| Rakesh Mohan | Director | 02 Feb 2021 | 5 Years 8 Months | Current |
Peer comparison
Dixon Technologies (India) Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing, Electronic Equipment and Components Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dixon Technologies (India) Limited this company | ₹48,873 Cr (FY 2026) | 25.8% | 1,713 | Noida, Uttar Pradesh, India | ||
| Padget Electronics Private Limited | ₹27,964 Cr (FY 2025) | 187.0% | Noida, Uttar Pradesh, India | |||
| Polycab India Limited | ₹22,616 Cr (FY 2025) | 24.0% | Panchamahal, Gujarat, India | |||
| Havells India Limited Listed | ₹22,081 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Dixon Technologies (India) Limited, buy the company report.
Auditor
Dixon Technologies (India) Limited is audited by S.N. Dhawan & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & CO LLP | FY 2023 | 000050N/N500045 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 28.60%, foreign institutional investors hold 17.90%, domestic institutional investors hold 28.30% and retail and other public shareholders hold 25.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 28.60% | 28.70% | 28.80% | 28.90% |
| Public | 71.40% | 71.30% | 71.20% | 71.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2025 | 101173215 | State Bank of India | ₹300 Cr | Open | |
| 13 Jan 2021 | 100412411 | Others | ₹60 Cr | Open | |
| 14 Dec 2020 | 100401359 | Others | ₹50 Cr | Open | |
| 27 Nov 2020 | 100393034 | Others | ₹150 Cr | Open | |
| 24 Aug 2020 | 100366304 | Hdfc Bank Limited | ₹110 Cr | Open |
To see the full charge records of Dixon Technologies (India) Limited, buy the company report.
Total charge records: 54 View all charges
Deals & funding
Dixon Technologies (India) Limited has 45 deals on record (32 market trades, 7 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹44.5 Cr; the latest was in May 2026.
Deals on record (5 of 45)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹326.58 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2024 | Market trade | ₹679.28 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹1,424.85 Cr | Buyer: Graviton Research Capital LLP Seller: Ubs Principal Capital Asia Limited, Graviton Research Capital LLP |
| Aug 2023 | Market trade | ₹150.94 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jan 2023 | Market trade | ₹114.16 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Dixon Technologies (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dixon Technologies (India) Limited has 117 court cases on record: 28 filed by Dixon Technologies (India), 89 filed against it. 18 cases are pending and 99 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 85 | 73 | 8 |
| High courts | 30 | 14 | 9 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 117)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvallur, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Equitas Small Finance Bank Ltd Rep by Saravanan | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by NTC Nidhi Ltd. | Pending |
| High Court of Delhi | Writ petition | Filed against the company by Sea Shelter Warehouse Private Limited | Pending |
| High Court of Delhi | Writ petition | Filed against the company by Sea Shelter Warehouse Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against M/S Gangnam Street Retail LLP and Ors. | Disposed |
To see the full case history of Dixon Technologies (India) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Dixon Technologies (India) Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Dixon Technologies (India) Limited, buy the company report.
MSME payment delays
Dixon Technologies (India) Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 709 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prem Industries | |||
| Bliss Electronics | |||
| Pai-Aim Solder (India) Private Limited | |||
| M.K.Printpack Ind. | |||
| Multiline Electronics Private Limited |
To see the full MSME payment records of Dixon Technologies (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Dixon Technologies (India) has 6 subsidiary companies and 3 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Dixon Electro Manufacturing Private Limited | U29150UP2021PTC143575 | |
| Dixon Electro Appliances Private Limited | U29309UP2020PTC125763 | |
| Padget Electronics Private Limited | U31908UP2013PTC057573 | |
| Dixon Technologies Solutions Private Limited | U32109UP2021PTC143588 | |
| Dixtel Communications Private Limited | U46529UP2023PTC177645 | |
| Dixon Global Private Limited | U51900UP2010PTC042400 |
To see the full group structure of Dixon Technologies (India) Limited, buy the company report.
Employees & EPFO
Dixon Technologies (India) Limited has a workforce of 1,713 employees on its EPFO records as of Apr 07, 2024, across 7 active EPFO establishments.
GST
Dixon Technologies (India) has 31 GST registrations: 3 active and 28 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACD3641D1Z2 | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AAACD3641D2Z1 | Uttar Pradesh | Active | 31 Jul 2017 |
| 05AAACD3641D1ZA | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dixon Technologies (India) Limited, buy the company report.
Recent activity
Dixon Technologies (India) Limited has 30 board changes on record since 1997: 19 appointments and 11 cessations. The latest: Saurabh Gupta was appointed as Additional Director on 17 Oct 2025.
138 earlier events are in the company report.
News
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Frequently asked questions
Dixon Technologies (India) is an active public limited company based in Noida, Uttar Pradesh, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 15 January 1993 (33+ years old) and is registered under CIN L32101UP1993PLC066581. Listed on BSE: 540699 and NSE: DIXON.
Dixon Technologies (India) reported revenue of ₹48,873 Cr for FY 2025-26 (up 25.8% YoY) based on consolidated financials.
Dixon Technologies (India) has 8 current directors:
- Atul Behari Lall - Managing Director
- Sunil Vachani - Whole-Time Director
- Manoj Maheshwari - Director
- Keng Tsung Kuo - Director
- Saurabh Gupta - Additional Director
- Rakesh Mohan - Director
- Geeta Mathur - Director
- Arun Seth - Director
The latest financial statements of Dixon Technologies (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dixon Technologies (India) is 09AAACD3641D1Z2, registered in Uttar Pradesh. The company has 31 GST registrations in all, of which 3 are active and 28 are cancelled or inactive. Other active GSTINs include 09AAACD3641D2Z1 (Uttar Pradesh), 05AAACD3641D1ZA (Uttarakhand).
The CIN (Corporate Identification Number) of Dixon Technologies (India) is L32101UP1993PLC066581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dixon Technologies (India) is listed on both BSE (code: 540699) and NSE (symbol: DIXON).
Dixon Technologies (India) has 117 court cases on record: 28 filed by the company and 89 filed against it. 18 are pending. Most are in the district courts.
Dixon Technologies (India) was incorporated on 15 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Dixon Technologies (India) has 45 deals on record (32 market trades, 7 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹44.5 Cr; the latest was in May 2026.
The peers of Dixon Technologies (India) by revenue are Padget Electronics Private Limited, Polycab India Limited, Havells India Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing, Electronic Equipment and Components Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Saurabh Gupta was appointed as Additional Director on 17 Oct 2025. Manuji Zarabi ceased to be Director on 23 Feb 2025. Poornima Shenoy ceased to be Director on 23 Feb 2025. Dixon Technologies (India) has 30 board changes on record in total.