Buy Dixon Technologies (India), target price Rs 7215: JM Financial

JM Financial has buy call on Dixon Technologies (India) Ltd. with a target price of Rs 7215. The current market price of Dixon Technologies (India) is Rs 6526.65.

Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 38705.02 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 30-09-2023, the company reported a Consolidated Total Income of Rs 4943.90 Crore, up 50.99 % from last quarter Total Income of Rs 3274.35 Crore and up 27.84 % from last year same quarter Total Income of Rs 3867.32 Crore. Company reported net profit after tax of Rs 110.89 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 33.8 per cent stake in the company as of 30-Sep-2023, while FIIs owned 15.66 per cent, DIIs 27.44 per cent.