Buy Dixon Technologies (India), target price Rs 15500: Motilal Oswal

Motilal Oswal has buy call on Dixon Technologies (India) Ltd. with a target price of Rs 15500. The current market price of Dixon Technologies (India) is Rs 13999.

Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 77951.07 Crore) operating in Consumer Durables sector.

Dixon Technologies (India) Ltd. key Products/Revenue Segments include Domestic Appliances, Job Work, Sale of services, Other Operating Revenue, Rent and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 6587.98 Crore, up 40.93 % from last quarter Total Income of Rs 4674.65 Crore and up 101.20 % from last year same quarter Total Income of Rs 3274.35 Crore. Company reported net profit after tax of Rs 132.26 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 33.24 per cent stake in the company as of 30-Jun-2024, while FIIs owned 19.33 per cent, DIIs 26.08 per cent.