Stock Notes

Dixon Technologies

Every Finvezto stock note on Dixon Technologies, dated and newest first. Coverage spans electronics manufacturing, policy / electronics manufacturing.

5 notes and counting
03 Aug 2026
Dixon guided to 20 to 25 percent quarter-on-quarter volume growth in mobiles and other EMS in Q2 FY27, against an order book of 9 to 9.2 million units.
Full-year guidance is 32 to 33 million smartphone units excluding the Vivo joint venture, which the company sizes as a roughly 30,000 crore rupee revenue opportunity with contribution starting in Q3 FY27. The JV is additive to a base that is already guided, so FY28 rather than FY27 is where it shows up at a full run rate.
03 Aug 2026
The government proposed extending the tax exemption for foreign firms supplying equipment to Indian contract manufacturers to FY2040-41, from the present 2031.
The draft bill covers mobile phones, tablets, laptops, hearing and wearable devices, and applies to factories and warehouses in customs-bonded areas that sit outside India's customs border. The original exemption was introduced in February and ran only to 2031. A ten-year extension changes the payback maths on plant that takes years to build, which is exactly what contract manufacturers price against.
31 Jul 2026
Dixon Technologies reported first quarter EBITDA up 105 percent to 991 crore rupees and net profit up 156 percent to 718 crore, on revenue of 16,076 crore including other income.
Profit grew far faster than revenue, so the quarter came from operating leverage rather than volume, and the doubling of EBITDA is what carries it.
04 Jun 2026
Dixon Technologies said its joint venture with China's Vivo for smartphone manufacturing is under active consideration for government approval.
Approval would hand Dixon scale in branded smartphone assembly. China-linked electronics tie-ups still face prolonged security and FDI clearance in India though.
02 Jun 2026
ASUS is scaling local laptop manufacturing with Dixon Technologies' subsidiary Padget Electronics, targeting approximately 30% of India laptop sales from domestically produced units in FY2026-27 versus ~10% last year.
The MOU between Padget Electronics and ASUS was already signed in September 2024. Dixon's Tamil Nadu facility is now operational for HP, ASUS, and Lenovo.
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PG Electroplast ASUS
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.