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DIXON

Dixon Technologies (India) Limited · NSE · INE935N01020 · F&O · lot 50 · 272 sessions on record
₹12,700.00▼ −400.00 · −3.0%from ₹13,100.00 the session before · 1 Oct 2026 close · NSE end of day
Open
₹13,151.00
High
₹13,290.00
Low
₹12,651.00
Day's range
₹6404.9% of the previous close
VWAP
₹12,892.31close −1.5% from it
Volume, shares
2.6 L0.77× the 20-session average
Turnover, ₹ crore
330
Trades
38,0006.7 shares per trade
Previous close
₹13,100.00−400.00 to the close
Price band, next session
₹11,430.00 – ₹13,970.0010% either side of the close · dynamic, widened in 5% steps when hit
Day range8% of the way up
₹12,651.00₹13,290.00
52-week range39% of the way up
₹9,600.00 30 Mar₹17,505.00 10 Oct

−27% from the high · +32% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days
short build-up
futures read
price −3.0% · OI +0.7%
+57.00
futures premium, ₹
+0.5% to spot ₹12,700.00
0.72
puts per call, by OI
by volume 0.69
13,000
max pain
+2.4% from the close
▲ +0.7%
futures OI on the day
+380 lots · 53,000 open

Short build-up into a 26-day expiry: futures OI +0.7% on a −3.0% day, the most call OI sits at 13,500, the most put OI at 13,000, max pain 13,000.

Futures and options

1 Oct close · lot 50 · NSE end of day

DIXON futures closed at ₹12,757.00, +0.5% to spot, with 95% of open interest in the 27 Oct contract, and the 12,750 straddle prices a move of about ±7.6% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹12,700.00
Futures by expiry, basis against the spot close ₹12,700.00
ExpiryClose ₹Basis ₹ · %Annualised %OI lots · on the dayShare of OI %Contracts traded
27 Oct26 days₹12,757.00+57.00+0.5%+6.3%51,000▲ +0.1% · +57 lots955,800
23 Nov53 days₹12,590.00−110.00−0.9%−6.0%2,400▲ +12.6% · +270 lots4.6690
29 Dec89 days₹12,492.00−208.00−1.6%−6.7%92▲ +109.1% · +48 lots0.1768

4.7% of futures OI sits beyond the 27 Oct contract · 33 of 41 listed contracts traded · 48,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 12,750 straddle closed at ₹968.30 (call 490.65 + put 477.65), pricing a move of about ±7.6% by the 27 Oct expiry. In the last 253 windows of 19 sessions, DIXON moved more than that 130 times.

Call OI, lots
20,00010 L shares
Put OI, lots
15,0007.4 L shares
Puts per call, by OI
0.72by volume 0.69
Max pain
13,000+2.4% from the close
Contracts traded
33 of 41listed for this expiry
Open interest by strike, lotstop three strikes each side
Calls
Strike
Puts
2,900
14,000
3,900
13,500
1,800
3,500
13,000
2,800
12,000
1,900
Open interest added on the day, lotsthree largest additions each side
Calls
Strike
Puts
+690
13,500
+250
13,250
+790
13,000
12,750
+200
12,250
+300
11,500
+220
Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close
272 sessions on file · from 28 Aug
DIXON close and futures open interest over the last 126 sessions, with Nifty 50 rebased to the first close99211245514990axis spans 51%Nifty 50DIXON1 Apr6 Jul1 OctFutures open interest, lotspeak 74,000126 sessions from 1 Apr to 1 Oct; the price axis spans 51 percent.

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 8 bulletins, DIXON closed higher five sessions later in 8 of 8.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
BulletinDay of the news1 session later5 sessions laterFutures OI on the day
22 SeptNuvama raises Dixon Tech target price, cuts FY27 earnings estimate▲ +0.9%Nifty +0.5% · +0.4 pp▲ +1.6%Nifty −1.1% · +2.8 pp▲ +0.1%Nifty −3.0% · +3.2 pp▼ −0.8%short covering
19 AugDixon Tech plans ₹800-1,000 crore capex, expects margin improvement▲ +2.2%Nifty −0.3% · +2.5 pp▲ +5.0%Nifty +0.3% · +4.6 pp▲ +4.1%Nifty +0.2% · +3.9 pp▲ +0.5%long build-up
18 AugDixon Technologies plans ₹800-1,000 crore capex, sees margin improvement▲ +2.2%Nifty −0.3% · +2.5 pp▲ +5.0%Nifty +0.3% · +4.6 pp▲ +4.1%Nifty +0.2% · +3.9 pp▲ +0.5%long build-up
13 JulNuvama downgrades Dixon Technologies to 'Hold' after Vivo JV▼ −0.9%Nifty −0.7% · −0.3 pp▲ +1.2%Nifty −0.6% · +1.7 pp▲ +4.7%Nifty −0.1% · +4.8 pp▲ +2.4%short build-up
11 JulDixon Technologies shares rise 3% on Vivo India JV approval▲ +0.5%Nifty 0.0% · +0.5 pp▼ −0.4%Nifty −0.6% · +0.2 pp▲ +8.7%Nifty +0.1% · +8.6 pp▲ +1.6%long build-up
10 JulDixon Technologies shares rise 4% on Vivo JV approval▲ +0.5%Nifty 0.0% · +0.5 pp▼ −0.4%Nifty −0.6% · +0.2 pp▲ +8.7%Nifty +0.1% · +8.6 pp▲ +1.6%long build-up
10 JulDixon and Vivo approved for smartphone manufacturing joint venture▼ −0.4%Nifty +1.0% · −1.4 pp▲ +0.1%Nifty +1.0% · −0.9 pp▲ +6.3%Nifty +1.6% · +4.8 pp▲ +0.8%short build-up
13 MayDixon Technologies Q4 profit meets estimates with 500% dividend▲ +9.7%Nifty +0.1% · +9.6 pp▲ +9.5%Nifty +1.3% · +8.2 pp▲ +8.5%Nifty +1.2% · +7.3 pp▼ −8.0%short covering
8 of 14 bulletins

Quarterly results

consolidated · latest filed 31 Jul, 06:12 pm IST · NSE filings

Revenue ₹15,548 cr, +21% on a year earlier; profit ₹718 cr, +160% in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session
Quarterly results of DIXON on the consolidated basis with the market's move on the first session after each filing
QuarterRevenue ₹ crRevenue YoYProfit ₹ crProfit YoYEPS ₹Market on the day
Jun 2026filed 31 Jul₹15,548 cr▲ +21%₹718 cr▲ +160%117.87▼ −1.1%Nifty +1.6% · −2.7 pp
Mar 2026filed 12 May · audited₹10,511 cr▲ +2.1%₹298 cr▼ −36%48.81▲ +9.7%Nifty +0.1% · +9.6 pp
Dec 2025filed 29 Jan₹10,672 cr▲ +2.1%₹321 cr▲ +48%52.62▲ +1.1%Nifty −0.4% · +1.4 pp
Sept 2025filed 17 Oct₹14,855 cr▲ +29%₹746 cr▲ +81%122.73▼ −3.7%Nifty +0.5% · −4.3 pp
Jun 2025filed 22 Jul₹12,836 cr▲ +95%₹280 cr▲ +100%46.30▲ +2.8%Nifty +0.6% · +2.1 pp
Mar 2025filed 20 May₹10,293 cr▲ +120%₹465 cr▲ +380%76.42▼ −5.8%Nifty +0.5% · −6.3 pp
Dec 2024filed 20 Jan₹10,454 cr▲ +120%₹216 cr▲ +120%35.64▼ −13.8%Nifty −1.4% · −12.4 pp
Sept 2024filed 24 Oct₹11,534 cr▲ +130%₹412 cr▲ +260%68.11▼ −7.4%Nifty −0.9% · −6.5 pp
By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years
Financial-year results of DIXON on the consolidated basis, summed from the quarters filed
YearRevenue ₹ crRevenue YoYProfit ₹ crProfit YoYEPS ₹
FY26to Mar 2026₹48,873 cr▲ +26%₹1,644 cr▲ +33%270.46
FY25to Mar 2025₹38,860 cr▲ +120%₹1,233 cr▲ +230%203.40
FY24to Mar 2024₹17,691 cr—₹375 cr—62.64

Fundamentals

consolidated · filings to Jun 2026 · close ₹12,700.00 on 1 Oct

DIXON trades at 37 times trailing earnings against 42 for its industry, 14 times book value, revenue +14% over twelve months, a 0.24% dividend yield, market cap ₹78,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing
Market cap
₹78,000 cron 1 Oct · free float ₹56,000 cr
Price to earnings
37consolidated · four quarters to Jun 2026 · industry 42
Trailing EPS
₹342.03diluted · consolidated · four quarters to Jun 2026
Price to book
14consolidated · balance sheet to Mar 2026
Book value a share
₹880.60consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity
0.09borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity
47%trailing profit over average equity · consolidated
Dividend yield
0.24%₹30.00 a share in 365 days
Face value
₹2a share
Shares outstanding
6 cron 1 Oct
Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated
Revenue, trailing 12 months
₹51,585 crfour quarters to Jun 2026
Revenue growth, 12 months
▲ +14%against the twelve months before
Revenue 2-year CAGR
▲ +57%trailing twelve months against the twelve months 2 years earlier · consolidated
Profit, trailing 12 months
₹2,082 crfour quarters to Jun 2026
Profit growth, 12 months
▲ +52%against the twelve months before
Profit 2-year CAGR
▲ +120%trailing twelve months against the twelve months 2 years earlier · consolidated
PeersBSE sub-group Consumer Electronics · F&O stocks with filings on record · industry P/E 42, market caps over trailing profit of 3 stocks
Stocks in the BSE sub-group Consumer Electronics with market cap, price to earnings and price to book
StockMarket cap ₹P/EP/BClose ₹
DIXONDixon Technologies (India) Limited78,000 cron 1 Oct37consolidated14₹12,700.00
HAVELLSHavells India Limited65,000 cron 1 Oct40consolidated6.9₹1,040.00
PGELPG Electroplast Limited14,000 cron 1 Oct67consolidated4.5₹481.10
IKIOIKIO Technologies Limited1,500 cron 1 Oct—2.4₹190.95
ONIDAOnida Electronics Limited1,200 cron 1 Oct—4.9₹31.35
VETOVeto Switchgears And Cables Limited260 cron 1 Oct—0.90₹136.80
BPLBPL Limited220 cron 1 Oct—0.59₹45.30
KHAITANLTDKhaitan (India) Limited70 cron 1 Oct—2.1₹147.20
UNIVPHOTOUniversus Photo Imagings Limited————

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 28.6%, foreign portfolio investors 17.9%, mutual funds 20.1% and insurance companies 5.7%, as filed for the quarter to 30 Jun.

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file
Shareholding of DIXON by category over the last 5 quarters with the change against the previous quarter
Category30 Jun31 Mar31 Dec30 Sept30 Jun
Promoters28.55▼ −0.13 pp28.68▼ −0.15 pp28.83▼ −0.09 pp28.92▼ −0.03 pp28.95
Foreign portfolio investors17.87▼ −0.43 pp18.30▼ −0.38 pp18.68▼ −2.01 pp20.69▲ +0.14 pp20.55
Mutual funds20.05▲ +0.79 pp19.26▼ −2.13 pp21.39▼ −1.27 pp22.66▲ +1.54 pp21.12
Insurance companies5.66▼ −0.58 pp6.24▲ +0.66 pp5.58▲ +0.76 pp4.82▼ −0.11 pp4.93
Banks and financial institutions2.67▲ +0.03 pp2.64▲ +0.55 pp2.09▲ +0.64 pp1.45▲ +0.82 pp0.63
Individual investors20.70▲ +0.22 pp20.48▲ +1.31 pp19.17▲ +1.93 pp17.24▼ −2.02 pp19.26
Bodies corporate0.62▲ +0.10 pp0.52▼ −0.02 pp0.54▲ +0.03 pp0.51▼ −0.29 pp0.80
Others3.880.00 pp3.88▲ +0.16 pp3.72▲ +0.01 pp3.71▼ −0.05 pp3.76

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹10.00 a share, ex-date 21 Sept 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios
Corporate actions of DIXON, upcoming first, then the most recent
Ex-dateActionAmount or ratioRecord dateSource
recent
21 Sept 2026dividend₹10.0021 Sept 2026PR
16 Sept 2025dividend₹8.0016 Sept 2025BSE
17 Sept 2024dividend₹5.00—BSE
Calendaras notified to the exchange
Next results
—no board meeting notified yet
Dividends in 365 days
₹30.00a share · ex-dates inside the year
Last dividend
₹10.00ex-date 21 Sept 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

DIXON is −12.9% over 20 sessions against Nifty's −6.2%, 27% below its 52-week high, realised volatility 25% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions
Returns of the stock and Nifty 50 over six windows, longest first
WindowFrom ₹DIXON %Nifty 50 %Difference pp
250 sessionssince 26 Sept₹17,510.00▼ −27%▼ −9.1%−18
120 sessionssince 9 Apr₹10,625.84▲ +20%▼ −5.7%+25
60 sessionssince 8 Jul₹12,934.11▼ −1.8%▼ −6.1%+4.3
20 sessionssince 2 Sept₹14,589.32▼ −13%▼ −6.2%−6.7
5 sessionssince 24 Sept₹13,298.43▼ −4.5%▼ −2.8%−1.7
1 sessionsince 30 Sept₹13,099.54▼ −3.0%▼ −0.88%−2.2
Averages of the closeclose against each average
5-session average
₹13,216.00close −3.9% from it
20-session average
₹13,470.20close −5.7% from it
50-session average
₹13,960.82close −9.0% from it
200-session average
₹12,115.38close +4.8% from it
Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average
Average true range, 14
₹4003.2% of the close
Average day's range, 20
₹3702.9% of the close
Volume against 20 sessions
0.77×2.6 L vs 3.4 L average
Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell
Realised volatility, 20
25%≈ ±1.6% a session · moved more than that on 9 of 20
Realised volatility, 60
29%≈ ±1.8% a session · moved more than that on 19 of 60
Realised volatility, 250
39%≈ ±2.5% a session · moved more than that on 64 of 250
Beta to Nifty, 60
0.46moved with Nifty on 34 of 60 sessions
Beta to Nifty, 250
1.45moved with Nifty on 174 of 250 sessions
Up and down sessionscloses above and below the previous close
Last 20 sessions
7 up · 13 downof 20
Last 60 sessions
26 up · 32 downof 58
Last 250 sessions
108 up · 140 downof 248
Best session, 250
▲ +11%10 Mar
Worst session, 250
▼ −8.6%10 Dec

Dixon Technologies (India) Limited is in 29 NSE indices

all 29 indices

15 bulletins on DIXON

latest 1 Oct 2026

Beats in the coverage

Often mentioned with

October 2026

JP Morgan identifies key sectors for India's growth cycleJP Morgan's report identifies financials, private capital expenditure, and manufacturing as key growth themes in India. The firm favors mid- and small-cap stocks, with overweight allocations in several sectors, emphasizing the need for strong demand and capital expenditure.Medium

September 2026

Nuvama raises Dixon Tech target price, cuts FY27 earnings estimateNuvama upgraded Dixon Technologies' FY28 EPS estimate by 9% while cutting FY27 EPS by 7% due to delays in the Vivo JV. The company expects FY27 revenue between ₹6,500–7,000 cr, reflecting a 40% YoY growth.Medium

August 2026

Dixon Tech plans ₹800-1,000 crore capex, expects margin improvementDixon Technologies expects margin improvement through expansion into higher-value components and plans an annual capex of ₹800-1,000 crore. This strategy aims to enhance its mobile and component manufacturing capabilities, aligning margins with global peers.Medium Dixon Technologies plans ₹800-1,000 crore capex, sees margin improvementDixon Technologies plans to invest ₹800-1,000 crore annually to enhance its manufacturing capabilities and expects margin improvement from its higher-value component and ODM operations. This aligns its margin profile with global peers in the EMS sector.Medium

July 2026

Nuvama downgrades Dixon Technologies to 'Hold' after Vivo JVNuvama downgraded Dixon Technologies to 'Hold' while raising its target price to ₹13,000 from ₹11,700 after the Vivo joint venture received government approval. The brokerage updated FY27 and FY28 EPS estimates by 4% each, factoring in earlier contributions from the JV.Medium Dixon Technologies shares rise 3% on Vivo India JV approvalDixon Technologies shares rose 3% following the announcement of a joint venture with Vivo Mobile India, which received government approval. The new entity will focus on manufacturing smartphones and electronic devices as an OEM, enhancing Dixon's market position.High Dixon Technologies shares rise 4% on Vivo JV approvalDixon Technologies shares rose 4% following government approval of its joint venture with Vivo Mobile. The 51%-49% partnership will manufacture smartphones in India, clearing regulatory hurdles under Press Note 3.High Dixon and Vivo approved for smartphone manufacturing joint ventureDixon Technologies received government approval for a joint venture with Vivo Mobile to manufacture smartphones in India, with a 51% ownership stake. This venture will also produce electronic devices for other brands, enhancing local manufacturing capabilities.Medium

May 2026

Dixon Technologies Q4 profit meets estimates with 500% dividendDixon Technologies reported Q4 net profit of ₹256.4 crore, down 36% YoY but above estimates. Revenue grew 2.1% YoY to ₹10,510.5 crore, and a 500% dividend was declared, reflecting confidence in future performance.Medium Dixon Tech Q4 results show revenue decline and margin pressureDixon Technologies Ltd. is expected to report Q4 revenue decline of 1% YoY to ₹10,239 cr, with EBITDA down 16% to ₹372 cr. EBITDA margins may narrow to 3.6% due to lower smartphone volumes impacting costs.Medium

April 2026

Dixon Technologies joint venture boosts investor sentimentDixon Technologies saw a 6% share price increase on 10 Mar 2026 after the government approved its joint venture with HKC Overseas. Analysts project a price target of ₹15,880, suggesting a 53% upside from current levels.Medium

March 2026

Dixon Technologies shares drop 1.5% after MEITY approvalDixon Technologies shares fell 1.54% to ₹10,740 on 11 Mar 2026 despite MEITY approval for its joint venture with HKC Overseas Limited. The decline suggests market caution as the deal is still subject to further conditions.Medium

February 2026

Dixon Technologies shares rise 3% on new joint ventureDixon Technologies shares rose 3.08% to ₹11,767 following a joint venture with Longcheer, where Dixon holds 74%. The partnership aims to enhance local production capabilities, contributing to a market cap of ₹71,024.77 cr.Medium

January 2026

Dixon Technologies reports strong Q3FY26 earnings, shares riseDixon Technologies reported a 48% increase in net profit for Q3FY26, reaching ₹10,678 cr in adjusted revenue. The share price rose 3.3% following the announcement, supported by a ₹125 cr gain from a stake sale in Aditya Infotech.High

December 2025

Morgan Stanley sets Dixon Technologies target at ₹11,563Morgan Stanley maintained an underweight rating on Dixon Technologies, setting a target price of ₹11,563 per share. This reflects expectations of underperformance relative to the broader market in the consumer durables sector.Medium

About Dixon Technologies (India) Limited

exchange masters as of 18 Sept 2026 · classification by BSE
Company
Dixon Technologies (India) Limited
Exchange
NSE · BSE 540699, group A
Listed on NSE
18 Sept 2017
Classification
Consumer Discretionary › Consumer Durables › Consumer Electronics
Index
BSE 100
Face value
₹2 a share
ISIN
INE935N01020
Sessions on record
272
Price source
NSE UDiFF bhavcopy · end of day · delayed
Filings
NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed
1 Oct, 09:03 pm IST
Bulletins
15 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.