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Dixon Technologies (India) Ltd: 3 directors
Three Directors at Dixon Technologies (India) Ltd sold 4,500 shares at between 4,270.000INR and 4,426.000INR. The significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company...
- Bhoomika Nair
Dixon Technologies' Q3FY20 results (Outperformer) - Strong beat; growt...
Q3FY20 consolidated result highlights PAT +46.6% yoy to Rs269mn: led by strong operational performance. Revenues +25% yoy to Rs9.94bn: led by consumer electronics (TV; +58% yoy) on ramp up of Xiaomi, which also has higher realisations on larger TV (43”) and lighting (+18% yoy, strong growth in battens & downlighters). This was partially offset by 26% yoy decline in washing machines (WM) due to weak demand post festive season and liquidation of inventory by one of the anchor customers as also...
- Bhoomika Nair
Dixon's Q1FY20 results (Outperformer) - Strong traction across segment...
Q1FY20 consolidated result highlights PAT +85% yoy to Rs236mn: led by strong revenue growth. Revenues +94% yoy to Rs11.5bn: led by 129% yoy growth in consumer electronics on ramp up of Xiaomi, which also has higher realisations on larger TV (43”). Lighting remains strong at 18% yoy growth (ex-CFL +86% yoy) while washing machines (WM) saw 15% yoy growth on scale up of Samsung. Moreover, mobiles revenue growth rebounded at 96% yoy (scale up in feature phones) while reverse logistics continued ...
- Bhoomika Nair
Dixon Technologies' Q4FY19 results (Outperformer) - In line; growth on...
Q4FY19 standalone result highlights PAT +21% yoy to Rs165mn: led by strong revenue growth. Revenues +44% yoy to Rs8.6bn: led by 51% yoy growth in consumer electronics on ramp up of Xiaomi, which also has higher realisations on larger TV (43”). Lighting remains strong at 43% yoy growth (ex-CFL +65% yoy) while WM saw 14% yoy growth on scale up of Samsung. However, mobiles and reverse logistics remained weak (-13/-79% yoy) on lack of client adds and exit of STB repair business. Margins largely...
- Bhoomika Nair
Event update: Dixon Technologies (Outperformer) - Acquires balance 50%...
Event Dixon Technologies (Dixon) has announced the acquisition of the balance 50% stake in its JV, Padget Electronics Private Ltd. (Padget), for Rs270m on 12 April 2019, making Padget a 100% subsidiary. Details Padget – a leading mobile phone manufacturer: Padget started as a 50-50 JV between Dixon & Karbonn in FY16, is primarily involved in manufacturing of mobile phones. The company is also into allied activities and manufacturing of home appliances, electric appliances, industrial applianc...
- Bhoomika Nair
Dixon's Q3FY19 results (Outperformer) - Margins revive; strong growth ...
Q3FY19 standalone result highlights PAT +15.7% yoy to Rs176mn: led by strong revenue growth in TVs, WMs and Lighting and margin improvement in Lighting and TVs. Revenues +17% yoy to Rs7.9bn: led by 26% yoy growth (17% volume) in consumer electronics on Diwali sales and ramp up of Xiaomi (higher inch TVs). Further, WM saw strong 29% yoy growth on scale up of Samsung, while lighting +18% yoy growth (ex-CFL, growth of +43% yoy). However, mobiles and reverse logistics remained weak (-5%/-86% yoy...
- Bhoomika Nair
Dixon's Q2FY19 results (Outperformer) - Input cost pressure impacts pr...
Q2FY19 standalone result highlights PAT fell 21% yoy to Rs164mn: led by higher input cost & INR depreciation. Revenues fell 15.9% yoy to Rs7.4bn: led by 23%yoy fall in consumer electronics due to shift of Diwali sales to 3Q19 (6% volume growth, price decline on lower input costs passed on). Further, mobiles and reverse logistics remained weak (55%/59% fall in revenues) on lack of client additions and clients losing market share. Home appliances saw strong 79% yoy growth on scale up of Samsun...
- Bhoomika Nair
Dixon Technologies' Q1FY19 results (Outperformer) - Weak quarter; focu...
Q1FY19 standalone result highlights Adj PAT +17.7% yoy to Rs128mn: led by margin expansion. Revenues fell 13.4% yoy to Rs5.9bn: led by sharp fall of 75% yoy in mobiles (lower sales to Gionee). Revenues were strong in home appliances (washing machine; +118% yoy; scale up of Samsung), lighting (+9% yoy; growth in LED offsetting decline in conventional lighting) & consumer electronics (TV; +35% yoy; scale up of new clients) while reverse logistics remained muted, growing barely 2% yoy in 1Q19. ...
- Bhoomika Nair
Dixon Technologies' Q4FY18 results (Outperformer) - Weak performance, ...
Q4FY18 standalone result highlights Adj PAT +31% yoy to Rs136mn: led by margin expansion. Revenues fell 2.4% yoy to Rs6bn: led by sharp fall of 60% yoy in mobiles (mkt share loss of Gionee, a key customer) and 29% yoy fall in reverse logistics (fall in STB business). Revenues were strong in home appliances (washing machine; +92% yoy; scale up of Samsung), lighting (+13% yoy) and consumer electronics (TV; +23% yoy). Margins expand 147bp yoy: to 4.6% led by expansion in lighting products (+43...
- Bhoomika Nair
Initiating coverage: Dixon Technologies (Outperformer) - Geared for gr...
India’s Electronic Manufacturing Services (EMS) industry is set to take off on the back of growing demand for consumer durables, enhanced competitiveness among domestic players and rising trend towards outsourcing. Dixon is well placed to capitalise this growth, spurred by its wide product portfolio and cost leadership. The company’s deep client relationships, flexible manufacturing and design capabilities give it a competitive edge over peers. We expect Dixon’s focus on client addition and back...
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