Dixon Technologies (India) Limited (DIXON.NS) stock analysis

In our weekly check, Dixon Technologies (India) Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4.

About Dixon Technologies (India) Limited

Dixon Technologies (India) Limited is a Technology company (Consumer Electronics) based in India, listed on NSE as DIXON.NS.

What our checks show for DIXON.NS

Red flags

• The gross margin fell by 3.8 points, to 4.7%: costs are rising faster than prices.
• The net margin is only 3.6%: little room if costs rise.
• Free cash flow is negative (-0.1% of revenue): the business spends more cash than it brings in.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating cash flow is only 0.57x net profit: part of the reported profit does not arrive as cash.
• Analysts expect the net margin to shrink by 1.7 points from today's 3.6%.
• The price swings a lot: 38.5% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 57% from a peak. Would you have held through that?
• Thinly traded (about 333 thousand shares a day): buying and selling can move the price.

Strengths

• Net debt is only 0.2x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 11.2 times over.
• The net margin rose by 1.9 points over 5 years, to 3.6%.
• Analysts expect revenue to grow about 33.2% a year over the next years.
• Revenue grew 61.7% a year over the last 3 years.
• Earnings per share grew 94.4% a year over the last 3 years.

Similar companies

1810.HK · SONY · AAPL

Questions

What grade does Dixon Technologies (India) Limited (DIXON.NS) have?

In our weekly check, Dixon Technologies (India) Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of DIXON.NS stock?

This week's biggest flags for Dixon Technologies (India) Limited: Gross margin falling, Thin margins, Weak free cash flow. In total 9 of 25 checks show a warning or a red flag.

What does Dixon Technologies (India) Limited do?

Dixon Technologies (India) Limited is a Technology company (Consumer Electronics) based in India, listed on NSE as DIXON.NS.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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