# Dixon Technologies (India) (DIXON) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/dixon

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹12,625
- Change: +0.07%
- As of: 2026-11-06
- 1D return: +0.07%
- 5D return: +14.77%
- 1M return: -0.20%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

DIXON closed at ₹12,616 on 2026-11-05, marking a sharp reversal from recent weakness with a +2.7% daily gain and an upward gap. This move follows an extreme volume surge (+13.0% range, 5.95x volume ratio) on 2026-11-02, suggesting renewed participation. Technically, the daily trend is established (ADX 33.08) and bullish, with price trading above the 20-period EMA, 20-period SMA, and Supertrend. However, this short-term strength conflicts with longer horizons: the monthly trend remains bearish (price below all moving averages), and the weekly trend is developing but still below key resistance levels like the 50-period SMA.

Price positioning is near the upper end of the 20-day range (+78.8%) but around the middle of the 252-day range (+48.8%). Immediate resistance sits at ₹12,660.33 (0.35% above), while support is found at ₹12,494.67 (0.96% below). The stock carries significant risk, with annualized volatility at +40.2% and a current drawdown of -31.6%. While the daily structure has improved, confirmation of a sustained shift requires holding above the 20-period EMA and overcoming the weekly bearish bias.

- Daily trend is bullish and established (ADX 33.08); price is above the 20-period EMA, 20-period SMA, and Supertrend, signaling short-term momentum.
- Longer-term context remains mixed: monthly trend is bearish (price below all MAs), and weekly trend is below the 50-period SMA, limiting immediate upside conviction.
- Key levels to monitor: Resistance at ₹12,660.33 (0.35% above); Support at ₹12,494.67 (0.96% below) and ₹12,392.33 (1.77% below).
- Risk profile is elevated with +40.2% annualized volatility and a -31.6% current drawdown; recent volume surge (+5.95x) indicates active participation.

- Hammer
- Inside Bar
- Shooting Star
- Bearish Engulfing Reversal
- Evening Star

### News Context

Dixon Technologies reported strong Q2 FY27 revenue growth, a development that contributed to broader market gains on November 2, 2026, when the Sensex surged 1,233 points. Despite this top-line strength, Keynote Capitals highlighted near-term margin pressure stemming from the expiry of Mobile PLI 1.0 incentives and rising global memory prices. In response to these dynamics, brokerages have issued positive outlooks: Keynote Capitals maintains a Buy rating with an 18% upside target of ₹14,417, citing expected long-term expansion in IT hardware, telecom, and mobile manufacturing volumes supported by government policy. Similarly, Motilal Oswal issued a Buy recommendation with a higher price target of ₹15,900. These external assessments reflect confidence in the company's ability to navigate incentive transitions and capitalize on volume growth, though investors should monitor the interplay between margin pressures and policy-supported demand expansion.

- Q2 FY27 Revenue Growth: Dixon reported strong revenue growth in Q2 FY27, contributing to positive market sentiment on November 2, 2026.
- Margin Pressures: Near-term margins face headwinds from the expiry of Mobile PLI 1.0 incentives and rising global memory prices (Keynote Capitals, Nov 4, 2026).
- Brokerage Targets: Keynote Capitals sets a Buy rating with a ₹14,417 target (18% upside); Motilal Oswal sets a Buy rating with a ₹15,900 target (Nov 2, 2026).

- [Broker’s Call: Dixon Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-dixon-technologies-buy/article71665281.ece)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Buy Dixon Technologies; target of Rs 15900: Motilal Oswal](https://www.moneycontrol.com/news/business/buy-dixon-technologies-target-of-rs-15900-motilal-oswal-14066408.html)

### What Changed

Dixon Technologies (India) reported material corporate actions and financial results for the quarter ended October 2026. On November 5, 2026, the company filed the transcript of its Q2 FY 27 earnings conference call, revealing quarterly revenue of ₹21,806 crores, EBITDA of ₹609 crores, and PAT after minority interest of ₹293 crores; these figures exclude fair value gains on its stake in Aditya Infotech Limited. Management used this platform to outline operating conditions and segment ramp-ups, noting that such statements represent expectations rather than completed outcomes.

Concurrently, on November 6, 2026, Dixon informed the NSE of the allotment of equity shares under its Employee Stock Option/Plan Scheme (ESOP/ESPS), effective November 5, 2026. This issuance increased paid-up share capital from ₹122,341,172 to ₹122,416,672 and raised the number of paid-up shares from 61,170,586 to 61,208,336. The prior disclosure regarding this issuance dates back to October 30, 2020.

- {'date': 'Reported Oct 30, 2026; Transcript filed Nov 5, 2026', 'metric': 'Q2 FY27 Financial Performance', 'value': 'Revenue: ₹21,806 cr | EBITDA: ₹609 cr | PAT: ₹293 cr (excluding Aditya Infotech FVG)'}
- {'date': 'Allotment effective Nov 5, 2026; Filed Nov 6, 2026', 'metric': 'Capital Structure Change', 'value': 'Paid-up capital rose to ₹122,416,672; Shares outstanding increased to 61,208,336'}
- {'date': 'Conference Call concluded Oct 30, 2026', 'metric': 'Management Commentary', 'value': 'Operating conditions and segment ramps discussed as expectations, not realized outcomes'}

- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15472_WebXMLFile_20261106_121944169.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_05112026163605_EarningCallTranscriptQ2Intimation.pdf)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261105_175857886.xml)

### Official Filings

Dixon Technologies reported strong Q2 FY27 financials, with consolidated revenue rising 42% to ₹21,863 crores and half-year revenue up 35% to ₹37,938 crores. Management clarified that quarterly EBITDA of ₹609 crores and PAT of ₹293 crores exclude fair value gains on its Aditya Infotech stake, isolating core operating performance. The Board approved the allotment of equity shares under an ESOP scheme, increasing paid-up capital from ₹122.34 crores to ₹122.42 crores. Governance updates include the appointment of Mr. Prithvi Vachani as Executive Director for five years, subject to shareholder approval, and the incorporation of a new subsidiary, Adivistar Electronics India Private Limited. Pending PLI incentive receivables of ₹1,110.06 crores remain formally undetermined.

- Q2 FY27 consolidated revenue grew 42% year-on-year to ₹21,863 crores; half-year revenue rose 35% to ₹37,938 crores.
- Core operating metrics (EBITDA ₹609 crores, PAT ₹293 crores) exclude fair value gains on Aditya Infotech stake.
- ESOP allotment increased paid-up share capital from ₹122.34 crores to ₹122.42 crores following board approval on November 5, 2026.
- Mr. Prithvi Vachani appointed as Executive Director for five years, pending shareholder approval; new subsidiary Adivistar Electronics incorporated.

- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15472_WebXMLFile_20261106_121944169.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_05112026163605_EarningCallTranscriptQ2Intimation.pdf)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261105_175857886.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst or Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026112356_InvestorMeetOutcome031102026.pdf)
- [Dixon Technologies (India) Limited has informed the Exchange regarding 'Change in Corporate Office Address of RTA with effect from 01st December 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026172946_Regulation30DisclosureRTAAddress.pdf)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261103_174311100.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15472_WebXMLFile_20261031_085525992.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261031_090813344.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about copy of newspaper publication of Unaudited Financial Results (standalone & consolidated) of the Company for the quarter and half year ended 30th September, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DIXON_31102026192630_NewspaperAdvertisement31101026.pdf)
- [Dixon Technologies (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DIXON_30102026160547_Outcome30102026.pdf)

### Fundamentals

Dixon Technologies (India) reported a sharp sequential deceleration in profitability for Q2 FY2026-27, despite robust top-line growth. Revenue from operations surged 40% sequentially to ₹21,794 crore, driven by strong demand, but net profit fell significantly from ₹718 crore in Q1 to ₹411 crore in Q2. This divergence highlights margin compression, as operating profit declined from ₹860 crore to ₹530 crore while expenses rose proportionally with sales. The TTM compounded sales growth remains high at 59%, and annualized EPS increased to ₹254.29, indicating that the quarterly dip is an isolated event rather than a structural trend.

Financial health shows mixed signals. While cash conversion improved with CFO/EBITDA reaching 117% in Mar 2026, the balance sheet expanded rapidly. Borrowings rose to ₹1,236 crore as of Sep 2026, and inventories jumped to ₹7,064 crore. Trade receivables also grew substantially to ₹12,401 crore, increasing working capital requirements. However, the company maintains a negative cash conversion cycle (-7 days as of Mar 2026), suggesting efficient management of payables relative to collections and inventory holding. Promoter stakes diluted slightly to 28.5%, while DIIs held steady at 28.72%.

The critical checkpoint is whether the Q2 margin pressure persists in Q3. Investors should monitor if the surge in receivables and inventory can be converted into cash flow efficiently, given the high borrowings. The ability to stabilize operating margins above the Q2 low will be key to sustaining the current valuation trajectory.

- Q2 FY2026-27 revenue grew 40% sequentially to ₹21,794 crore, but net profit fell 43% to ₹411 crore, signaling significant margin compression.
- Operating profit declined from ₹860 crore (Q1) to ₹530 crore (Q2) despite higher sales, raising questions on cost control.
- Balance sheet expansion accelerated: borrowings rose to ₹1,236 crore and trade receivables jumped to ₹12,401 crore as of Sep 2026.
- Cash quality remains strong with CFO/EBITDA at 117% (Mar 2026) and a negative cash conversion cycle of -7 days, offsetting leverage concerns.

### Bull Case

Dixon Technologies presents a conditional upside case anchored by strong near-term operational momentum and supportive market sentiment, despite facing headwinds from expiring incentives. The company reported positive quarterly performance in Q2 FY27, contributing to a broader market rally where the Sensex surged 1,233 points on November 3, 2026. Technically, the stock exhibited a daily Supertrend signal of 'bullish' as of November 5, 2026, with the share price closing at ₹12,616, up from a previous close of ₹12,290. This daily strength contrasts with a bearish monthly trend, highlighting a short-term recovery phase within a longer-term consolidation. Brokerage firms Keynote Capitals and Motilal Oswal have issued 'Buy' ratings, citing expected long-term expansion in IT hardware, telecom, and mobile manufacturing volumes supported by government policy incentives. While near-term margins face pressure from the expiry of Mobile PLI 1.0 incentives and rising global memory prices, the constructive interpretation relies on the successful transition to new incentive structures and sustained volume growth.

- Daily technical structure turned bullish as of November 5, 2026, with the stock closing at ₹12,616 against a previous close of ₹12,290, signaling short-term momentum.
- Q2 FY27 revenue growth was reported positively, supporting broker views on long-term volume expansion in IT hardware and telecom sectors driven by government policy incentives.
- Two major brokerages (Keynote Capitals and Motilal Oswal) maintain Buy ratings, projecting upside targets of ₹14,417 and ₹15,900 respectively based on future policy support.
- The constructive case is conditional on mitigating near-term margin pressure caused by the expiry of Mobile PLI 1.0 incentives and rising global memory costs.

- [Broker’s Call: Dixon Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-dixon-technologies-buy/article71665281.ece)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Buy Dixon Technologies; target of Rs 15900: Motilal Oswal](https://www.moneycontrol.com/news/business/buy-dixon-technologies-target-of-rs-15900-motilal-oswal-14066408.html)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15472_WebXMLFile_20261106_121944169.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_05112026163605_EarningCallTranscriptQ2Intimation.pdf)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261105_175857886.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst or Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026112356_InvestorMeetOutcome031102026.pdf)
- [Dixon Technologies (India) Limited has informed the Exchange regarding 'Change in Corporate Office Address of RTA with effect from 01st December 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026172946_Regulation30DisclosureRTAAddress.pdf)

### Bear Case

Dixon Technologies faces near-term margin pressure due to the expiry of Mobile PLI 1.0 incentives and rising global memory prices, which may constrain profitability despite revenue growth. The stock has experienced significant volatility, with a current drawdown of -31.6% from its peak and a maximum historical drawdown of -47.6%. Technical indicators show mixed signals: while the daily trend is bullish, the monthly and weekly trends are bearish, suggesting underlying weakness over longer horizons. The stock is trading near immediate resistance at ₹12,660, with limited upside potential in the short term before encountering higher levels around ₹13,926.

- Margin risk from expired Mobile PLI 1.0 incentives and rising global memory costs
- Current price drawdown of -31.6% and maximum drawdown of -47.6%
- Bearish monthly and weekly technical trends contrasting with daily bullishness
- Immediate resistance at ₹12,660 (0.35% above current price)

- [Broker’s Call: Dixon Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-dixon-technologies-buy/article71665281.ece)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Buy Dixon Technologies; target of Rs 15900: Motilal Oswal](https://www.moneycontrol.com/news/business/buy-dixon-technologies-target-of-rs-15900-motilal-oswal-14066408.html)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15472_WebXMLFile_20261106_121944169.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_05112026163605_EarningCallTranscriptQ2Intimation.pdf)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261105_175857886.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst or Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026112356_InvestorMeetOutcome031102026.pdf)
- [Dixon Technologies (India) Limited has informed the Exchange regarding 'Change in Corporate Office Address of RTA with effect from 01st December 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026172946_Regulation30DisclosureRTAAddress.pdf)

### FAQs

**What were Dixon Technologies' reported financial results for Q2 FY27?**

For the quarter ended October 30, 2026, management reported revenue of ₹21,806 crores, EBITDA of ₹609 crores, and PAT after minority interest of ₹293 crores. These figures exclude fair value gains on the company's stake in Aditya Infotech Limited.

**How has the stock price performed recently relative to its market capitalization?**

As of November 5, 2026, DIXON closed at ₹12,616 with a market capitalization of approximately ₹75,179 crore. The stock is down 17.3% over the past year but up 4.3% year-to-date, currently trading within a 31.6% drawdown from its peak.

**What corporate actions or filings occurred around early November 2026?**

On November 5, 2026, the company allotted equity shares under an ESOP/ESPS scheme, increasing paid-up share capital from ₹122,341,172 to ₹122,416,672. Additionally, the Registrar and Share Transfer Agent (KFin Technologies) notified a change in its corporate office address effective December 1, 2026.

**What are the key technical support and resistance levels for the stock?**

Immediate support lies near ₹12,495 and ₹12,392, while immediate resistance is at ₹12,660. Further resistance levels are observed at ₹13,927 and ₹14,645. The daily trend shows a bullish super-trend direction, whereas the monthly trend remains bearish.

- [Broker’s Call: Dixon Technologies (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-dixon-technologies-buy/article71665281.ece)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Buy Dixon Technologies; target of Rs 15900: Motilal Oswal](https://www.moneycontrol.com/news/business/buy-dixon-technologies-target-of-rs-15900-motilal-oswal-14066408.html)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15472_WebXMLFile_20261106_121944169.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_05112026163605_EarningCallTranscriptQ2Intimation.pdf)
- [DIXON TECHNOLOGIES (INDIA) LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261105_175857886.xml)
- [Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst or Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026112356_InvestorMeetOutcome031102026.pdf)
- [Dixon Technologies (India) Limited has informed the Exchange regarding 'Change in Corporate Office Address of RTA with effect from 01st December 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DIXON_03112026172946_Regulation30DisclosureRTAAddress.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹12,580.67
- Risk regime: Higher Price Risk

### Support levels
- 12228.05
- 11724.28125
- 11229

### Resistance levels
- 13926.5
- 14645.4375
- 15320.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.07% |
| return_10 | +12.81% |
| return_1m | -3.00% |
| return_1y | -16.27% |
| return_20 | -0.20% |
| return_3m | -11.09% |
| return_5 | +14.77% |
| return_6m | +11.74% |
| return_since_start | -29.84% |
| return_ytd | +4.42% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -47.58% |
| annualized_volatility | +40.16% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Dixon Technologies (India) Limited FY2026-27 Q2: Revenue rises 40% QoQ, profit falls

Dixon reported consolidated revenue from operations of ₹21,794 crore in FY2026-27 Q2, up 40.2% from the June quarter, while profit before tax fell 38.4% to ₹530 crore. The quarter also saw a sharp increase in inventories and receivables, alongside higher payables and a larger current-asset base.

## Revenue surged, but profit declined

Total income rose 36.0% QoQ to ₹21,862 crore, while expenses increased 40.2% to ₹21,333 crore. Profit before tax was ₹530 crore, compared with ₹860 crore in FY2026-27 Q1. Profit for the period fell 42.8% QoQ to ₹411 crore from ₹718 crore; tax expense declined 19.6% to ₹121 crore.

Other expenses increased 11.2% QoQ to ₹292 crore, and finance costs rose 7.6% to ₹26 crore. These movements provide context for the quarter, but the reported figures do not identify the specific drivers of the decline in profit.

## Working-capital balances expanded

At 30 September 2026, inventories stood at ₹7,064 crore, up from ₹3,837 crore at 31 March 2026. Trade receivables rose to ₹12,401 crore from ₹6,530 crore, while trade payables increased to ₹19,566 crore from ₹10,722 crore over the same dates.

Current assets were ₹22,461 crore at 30 September 2026, compared with ₹13,515 crore at 31 March 2026 and ₹13,753 crore at 30 September 2025. Current liabilities stood at ₹21,283 crore, up from ₹12,698 crore at 31 March 2026. Cash and cash equivalents were ₹389 crore at 30 September, down from ₹767 crore at the March year-end.

## Equity and borrowings

Equity attributable to owners of the parent was ₹5,879 crore at 30 September 2026, up from ₹4,677 crore at 31 March 2026 and ₹4,064 crore a year earlier. Total equity increased to ₹6,728 crore from ₹5,387 crore at the March year-end.

Current borrowings were ₹304 crore, compared with ₹108 crore at 31 March 2026; non-current borrowings stood at ₹365 crore. Property, plant and equipment increased to ₹2,791 crore from ₹2,720 crore at the March year-end, while goodwill remained ₹580 crore.

## Key Takeaway

Dixon delivered strong sequential revenue growth in FY2026-27 Q2, but profit fell materially from the June quarter. The sharp increases in inventories, receivables and payables, together with lower cash balances, make the expansion in working-capital balances an important feature of the quarter.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +28.50%
- FII holding: +18.96%
- DII holding: +28.72%
- Mutual fund holding: +19.26%
- Retail holding: +11.25%
- Promoter pledged: +0.00%

### Major reported shareholders

- PSV FAMILY TRUST UNDER THE TRUSTEES MR. SUNIL VACHANI AND MRS. GAYATRI VACHANI — +15.45% (Trusts)
- GAYATRI VACHANI — +6.36%
- KAMLA  VACHANI — +6.17%
- KSV FAMILY TRUST UNDER THE TRUSTEES MR. SUNIL VACHANI AND MRS. GAYATRI VACHANI — +3.86% (Trusts)
- ATUL BEHARI LALL — +3.18%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF — +2.91%
- NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT — +2.53%
- KOTAK FOCUSED FUND — +2.35%
- SUNIL VACHANI — +2.03%
- MOTILAL OSWAL QUALITY FUND — +1.91%

## Official filings

- 2026-11-06 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15472_WebXMLFile_20261106_121944169.xml)
- 2026-11-05 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_05112026163605_EarningCallTranscriptQ2Intimation.pdf)
- 2026-11-05 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261105_175857886.xml)
- 2026-11-03 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_03112026112356_InvestorMeetOutcome031102026.pdf)
- 2026-11-03 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_03112026172946_Regulation30DisclosureRTAAddress.pdf)
- 2026-11-03 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261103_174311100.xml)
- 2026-10-31 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15472_WebXMLFile_20261031_085525992.xml)
- 2026-10-31 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261031_090813344.xml)
- 2026-10-31 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_31102026192630_NewspaperAdvertisement31101026.pdf)
- 2026-10-30 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_30102026160547_Outcome30102026.pdf)
- 2026-10-30 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_30102026160939_Outcome30102026.pdf)
- 2026-10-30 — Earnings Presentation: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_30102026161836_OutcomewithPPT30102026.pdf)
- 2026-10-30 — Financial Results Filing: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750472_30102026082113_WEB.xml)
- 2026-10-30 — Financial Results Filing: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750473_30102026082202_WEB.xml)
- 2026-10-30 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_30102026203021_ConferenceCallRecordingIntimation30102026.pdf)
- 2026-10-23 — Board Meeting Notice: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_23102026180310_BMIntimation30102026.pdf)
- 2026-10-23 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_23102026181003_Q2ResultsConferenceCallIntimation30102026.pdf)
- 2026-10-23 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15472_WebXMLFile_20261023_182745869.xml)
- 2026-10-23 — Board Meeting Notice: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_15472_WebXMLFile_20261023_182745869.xml)
- 2026-10-23 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261023_184243683.xml)
- 2026-10-22 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_15472_WebXMLFile_20261022_174047840.xml)
- 2026-10-14 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_14102026182232_ESGRatingDisclousureCrisil14102026.pdf)
- 2026-10-13 — Shareholding Disclosure: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737227_13102026063951_WEB.xml)
- 2026-10-10 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DIXON_10102026134116_InvestorMeetOutcome10102026.pdf)
- 2026-10-10 — Generic Announcement: Dixon Technologies (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15472_WebXMLFile_20261010_145000556.xml)

## News and market events

- 2026-11-04 — The Hindu: **Broker’s Call: Dixon Technologies (Buy)** — Keynote Capitals maintains a Buy rating on Dixon Technologies, citing strong Q2 FY27 revenue growth despite near-term margin pressure from the expiry of Mobile PLI 1.0 incentives and rising global memory prices. The firm projects an upside of approximately 18 per cent to a target price of ₹14,417, driven by expected -term expansion in IT hardware, telecom, and mobile manufacturing volumes supported by government policy incentives. — [Source](https://www.thehindubusinessline.com/markets/brokers-call-dixon-technologies-buy/article71665281.ece)
- 2026-11-02 — CNBC-TV18: **Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term** — Indian equity markets extended their recovery with the Nifty reclaiming 23,400, driven by easing crude oil prices, positive global cues, and strong corporate earnings that boosted investor sentiment. Analysts from HDFC Securities, LKP Securities, and Religare Broking view the underlying trend as sharply positive, identifying key resistance levels between 23,500 and 23,700 that could pave the way for a rally toward 24,000 if sustained. Market participants are expected to monitor developments in West Asia, crude price movements, and the outcome of the November 3 US midterm elections for further — [Source](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- 2026-11-02 — CNBC-TV18: **FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities** — Foreign institutional investors extended their buying streak to a second consecutive session, pumping ₹3,115 crore into Indian equities and bringing two-day net inflows to ₹6,713 crore. This activity coincided with strong gains in benchmark indices, driven by positive quarterly results from Reliance Industries and other major stocks, as well as lower crude oil prices supporting specific sectors. — [Source](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- 2026-11-02 — CNBC-TV18: **Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today** — Indian equity benchmarks opened with sharp gains, as the Sensex surged 1,233 points to 75,693 and the Nifty reclaimed the 23,400 mark. The rally was primarily driven by Reliance Industries' strong Q2 results, which added over ₹1.8 lakh crore to its market capitalisation, alongside a nearly 4% decline in crude oil prices that boosted paint and oil marketing stocks. Other major contributors included positive quarterly performances from Dixon Technologies, Delhivery, and Muthoot Finance, while auto stocks showed mixed performance based on monthly sales data. — [Source](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- 2026-11-02 — MONEYCONTROL: **Buy Dixon Technologies; target of Rs 15900: Motilal Oswal** — Motilal Oswal has issued a 'Buy' recommendation for Dixon Technologies, setting a price target of Rs 15,900. The brokerage's assessment is based on its analysis of the company's performance and future prospects. — [Source](https://www.moneycontrol.com/news/business/buy-dixon-technologies-target-of-rs-15900-motilal-oswal-14066408.html)
- 2026-11-02 — MONEYCONTROL: **Buy Dixon Technologies; target of Rs 16,400: Emkay Global Financial** — Emkay Global Financial has issued a 'Buy' recommendation for Dixon Technologies with a price target of Rs 16,400. This analyst note suggests an upward revision or positive outlook on the stock's valuation. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-dixon-technologies-target-of-rs-16-400-emkay-global-financial-14066307.html)
- 2026-11-02 — MONEYCONTROL: **Buy Dixon Technologies; target of Rs 18,000: Anand Rathi** — Anand Rathi has issued a 'Buy' recommendation for Dixon Technologies with a price target of Rs 18,000. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-dixon-technologies-target-of-rs-18-000-anand-rathi-14066243.html)
- 2026-11-02 — BUSINESSTODAY: **Dixon Tech shares: Why stock rallied 11% after Q2; CLSA, JPMorgan targets** — Dixon Technologies (India) Ltd shares rallied 11.26% after its September quarter net profit fell steeply but came in line with analyst estimates, driven by strong revenue growth from a 35% YoY rise in average selling prices. Multiple brokerages including JPMorgan, UBS, Investec, CLSA, Axis Capital, Adani Rathi, MOFSL, JM Financial, and Emkay Global issued or updated ratings and targets for the stock. — [Source](https://www.businesstoday.in/markets/stocks/story/dixon-tech-shares-why-stock-rallied-11-after-q2-clsa-jpmorgan-targets-565048-2026-11-02)
- 2026-11-02 — MONEYCONTROL: **Dixon Technologies shares surge 8.5%; brokerages bullish on Vivo JV, smartphone growth despite margin pressure** — Brokerages expressed a bullish stance on Dixon Technologies due to its joint venture with Vivo and expected smartphone sector growth, although they noted ongoing margin pressure. This sentiment contributed to an 8.5% surge in Dixon Technologies' share price. — [Source](https://www.moneycontrol.com/news/business/markets/dixon-technologies-shares-surge-8-5-brokerages-bullish-on-vivo-jv-smartphone-growth-despite-margin-pressure-14066042.html)
- 2026-11-02 — MONEYCONTROL: **Dixon Technologies Q2 FY27: Scaling new heights, but profitability is the key test** — Dixon Technologies released its Q2 FY27 financial results, with the analysis highlighting that while the company is scaling to new heights, maintaining profitability remains the critical challenge. — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/dixon-technologies-q2-fy27-scaling-new-heights-but-profitability-is-the-key-test-14065945.html)
- 2026-11-02 — CNBC-TV18: **Explained: Why UBS, Motilal, Nuvama see up to 45% upside on Dixon Tech** — Dixon Technologies reported a 48.7% YoY drop in Q2 FY27 net profit to ₹343.7 crore, primarily driven by a sharp decline in fair value gains on its stake in Aditya Infotech, while revenue grew 46.7% YoY but margins contracted to multi-quarter lows. — [Source](https://www.cnbctv18.com/market/dixon-tech-share-price-q2-results-profit-drops-49-pc-revenue-beats-estimates-aditya-infotech-motilal-oswal-nuvama-ubs-buy-target-price-upside-20024436.htm)
- 2026-11-01 — BUSINESS: **Dixon Technologies faces near-term margin headwinds as input costs rise** — Dixon Technologies reported a 110 basis point year-over-year drop in operating margins to 2.7% in Q2FY27, attributed to the end of mobile production-linked incentives and delays in passing on raw material cost increases. Despite margin pressure, the company achieved 47% year-over-year revenue growth driven by price hikes in memory modules and stable smartphone volumes. — [Source](https://www.business-standard.com/markets/news/dixon-technologies-faces-near-term-margin-headwinds-as-input-costs-rise-126110100636_1.html)
- 2026-10-30 — Mint: **Dixon, Syrma clock revenue jump while chip costs rose | Company Business News** — Contract electronics manufacturers Dixon Technologies India Ltd and Syrma SGS Technology Ltd reported strong Q2 revenue growth but faced margin compression due to rising chip and component costs, with management citing persistent supply chain pressures for the next six months. — [Source](https://www.livemint.com/companies/company-results/dixon-syrma-see-chip-costs-raise-expenses-amid-resilient-demand-11793371416232.html)
- 2026-10-30 — Economic Times: **Dixon has ₹1,110-crore PLI incentive pending; chairman’s son named executive director** — Dixon Technologies reported a pending PLI incentive receivable of ₹1,110.06 crore and appointed Prithvi Vachani as executive director subject to shareholder approval. — [Source](https://economictimes.indiatimes.com/industry/cons-products/electronics/dixon-has-1110-crore-pli-incentive-pending-chairmans-son-named-executive-director/articleshow/135364348.cms)
- 2026-10-30 — CNBC-TV18: **Dixon Technologies Q2 Results: Net profit slumps despite 47% revenue growth; beats estimates** — Dixon Technologies India Ltd reported a 48.7% year-on-year decline in Q2 net profit to ₹343.7 crore, contrasting with a 46.7% revenue growth to ₹21,794 crore. The company's EBITDA margin contracted to 2.7%, missing market estimates, which contributed to a 4.30% drop in its share price on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/dixon-technologies-share-price-q2-results-net-profit-slumps-despite-47-revenue-growth-beats-estimates-20023548.htm)
- 2026-10-30 — FREEPRESSJOURNAL.IN: **Dixon Technologies Q2 FY27 Profit Falls 45% To ₹411 Crore, Revenue Jumps 47% To ₹21,794 Crore** — The board of Dixon Technologies (India) Limited approved the appointment of Prithvi Vachani as an Additional Director in the capacity of Executive Director for five consecutive years, effective October 30, 2026, subject to shareholder approval. — [Source](https://www.freepressjournal.in/business/dixon-technologies-q2-fy27-profit-falls-45-to-411-crore-revenue-jumps-47-to-21794-crore)
- 2026-10-30 — IANSLIVE.IN: **Dixon Technologies' Q2 profit falls 49 pc to Rs 344 crore** — Mumbai, Oct 30 (IANS) Dixon Technologies (India) Limited on Friday reported a consolidated net profit of Rs 344 crore for the second quarter of FY27, down 48.7 per cent from Rs 670 crore in the corresponding quarter last financial year (Q2 FY26). — [Source](https://ianslive.in/dixon-technologies-q2-profit-falls-49-pc-to-rs-344-crore--20261030165059)
- 2026-10-30 — FEEDS: **Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings** — Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation, and Dixon Technologies, are among the 213 companies scheduled to announce their Q2 results today, October 30. Track the latest earnings announcements, financial performance, management commentary and stock market reaction live on NDTV Profit. — [Source](https://www.ndtvprofit.com/markets/q2-results-live-updates-october-30-ril-sun-pharma-bel-jio-platforms-varun-beverages-among-213-companies-to-announce-earnings-today-12257417)
- 2026-10-30 — CNBC-TV18: **Q2 Results Live Updates: Suzlon, Trent react to numbers; RIL, Sun Pharma, BEL, report today** — Reliance Industries, Sun Pharma, Bharat Electronics, Max Healthcare, Bank of Baroda, Dixon Technologies, Delhivery, GAIL, Engineers India, and Indian Oil Corporation are among the companies reporting their Q2 financial results today. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-reliance-industries-jio-sun-pharma-bel-gail-dixon-bob-ioc-eil-suzlon-trent-max-health-share-price-liveblog-20022987.htm)
- 2026-10-21 — Mint: **Top 2 stocks to buy or sell for short-term: Wipro, Dixon Technologies by Nagaraj Shetti - Check stop loss, targets** — Indian equity benchmarks ended lower on Wednesday as Brent crude climbed above $110 a barrel, reversing early gains despite strong interest in Reliance Industries Chairman Mukesh Ambani’s Jio Platforms IPO. The Nifty fell 0.34% to 22,811.35 and the Sensex lost 0.19% to 73,709.69. — [Source](https://www.livemint.com/market/stock-market-news/top-2-stocks-to-buy-or-sell-for-short-term-wipro-dixon-technologies-by-nagaraj-shetti-check-stop-loss-targets-11792580012562.html)
- 2026-10-09 — Times of India: **Top stocks to buy or sell today: Stock market recommendations for October 9, 2026 - check list** — Stock market recommendations: Axis Bank, and Authum Investment & Infrastructure Ltd have been recommended as the top stocks to buy today on October 9, — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-october-09-2026-axis-bank-authum-investment-infrastructure-ltd-dixon-stocks-to-buy-or-sell-today/articleshow/134800106.cms)
- 2026-10-07 — Economic Times: **Dixon Technologies signs JV pact with Gemtek to manufacture optical transceivers** — Dixon Technologies India Ltd has entered a joint venture with Gemtek Technology Co to produce telecom products. This joint venture, named Dixon Electroconnect Pvt Ltd, will give Dixon a 60 percent stake. The partnership aims to combine manufacturing capabilities with Gemtek's expertise in high-speed optical modules and telecom technology. The joint venture will address rising demands in AI, cloud computing, and networking. — [Source](https://economictimes.indiatimes.com/industry/cons-products/electronics/dixon-technologies-signs-jv-pact-with-gemtek-to-manufacture-optical-transceivers/articleshow/134763303.cms)
- 2026-10-07 — CNBC-TV18: **Dixon Tech, Gemtek form JV to make telecom products in India** — Dixon Technologies will hold a 60% stake in the JV, which will make optical transceivers and other telecom products for data centres and high-speed networks. — [Source](https://www.cnbctv18.com/market/dixon-tech-gemtek-form-jv-to-make-telecom-products-in-india-20006756.htm)
- 2026-09-30 — CNBC-TV18: **Dixon Tech arm inks IP licence pact with Aviat Networks for microwave radios** — Dixon Technologies’ subsidiary and joint venture, Dixon Electro Appliances, has entered into an intellectual property licence agreement with Aviat Networks to manufacture microwave radios. — [Source](https://www.cnbctv18.com/market/dixon-tech-arm-inks-ip-licence-pact-with-aviat-networks-for-microwave-radios-20002148.htm)
- 2026-09-30 — BUSINESSTODAY: **Dixon Tech arm inks intellectual property licence agreement with Aviat Networks, check stock reaction** — Dixon Technologies, Dixon Technologies shares, Dixon Electro Appliances, DEAPL, Aviat Networks, intellectual property licence agreement, IP licence, microwave radios, telecom infrastructure, manufacturing, wireless transport solutions, telecom supply chain — [Source](https://www.businesstoday.in/markets/stocks/story/dixon-tech-arm-inks-intellectual-property-licence-agreement-with-aviat-networks-check-stock-reaction-558810-2026-09-30)

## Business profile

**Strategic vision:** Provides end-to-end electronics manufacturing and design solutions.

### Business segments
- **Electronics Manufacturing Services (EMS):** Manufactures products based on designs provided by its clients.
- **Original Design Manufacturing (ODM):** Undertakes the complete product design and development process for its customers.
- **Reverse Logistics:** Supports the entire product lifecycle, handling post-sales activities such as repairs and refurbishment.

### Competitive strengths
- End-to-end design and manufacturing solutions
- Comprehensive services including EMS, ODM, and Reverse Logistics
- Integrated capabilities spanning digital transformation, R&D, design, manufacturing, and quality assurance

## Related stocks

- [Havells India Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/havells) — +5.61%
- [Amber Enterprises India Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/amber) — -2.76%
- [PG Electroplast Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/pgel) — -0.55%
- [Astral Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/astral) — -9.68%
- [Bharat Dynamics Limited (Engineering & Capital Goods)](https://faxioms.com/stocks/bdl) — -1.40%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/dixon
Markdown representation: https://faxioms.com/stocks/dixon?render=md