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Subscribe Dixon Technologies for long term perspective - IndiaNotes.com
Subscribe Dixon Technologies for long term perspective
Reliance Securities | Published: 06 Sep, 2017  | Source : IndiaNotes.com

Dixon Technologies (Dixon) is engaged in manufacturing of consumer durable products, lights  and mobile phones in India. It offers fully integrated end-to-end product and solution suite  to the OEMs.


Outlook & Valuation

At a price band of Rs1,760-1,766, the Issue is valued at PE of 39.6x FY17EPS at upper price  band. As Dixon enjoys a dominant position in consumer electronic outsourcing business, we  believe that the Company would continue to deliver higher revenue and profit given the strong  growth potential across business verticals. Its revenue, EBITDA and PAT has witnessed 33.8%, 44.4% and 78.3% CAGR, respectively through FY13-FY17. Despite a lower margin profile, Dixon  continues to maintain higher return ratios due to its asset light model. Thus, we recommend  SUBSCRIBE to the Issue from long-term perspective.

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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.