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DIXON Share Price Target

Dixon Technologies (India) Ltd.
NSE: DIXON | BSE: 540699 | ISIN: INE935N01012 | Sector: Consumer Durables

DIXON Rating

4.8/5 (8 Ratings)
DIXON Share Price *
3,992 -49.45 (-1.22%)
* (quote may be delayed)

8 DIXON share price target reports by brokerages below. See what is analyst's view on DIXON share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.


You can also find DIXON share price target tomorrow or next week from DIXON discussion forum.

DIXON Share Price Forecast - Consensus
No. of reports in last year
8
No. of analysts
3
Average Consensus Forecast
3412.38
Consensus Potential
-22.71%

DIXON Share Price Target - Broker Reports - 2020

6-Feb-20
Price @ Call: 4708.64
Target: 5116
BUY
Dixon’s Consolidated Revenue grew by 25% in Q23Y20 to Rs. 993.8 cr vs. Rs. 794 cr in Q3FY19, driven by strong revenue growth across key segments. The EBITDA grew by 32% to Rs 52 cr vs. Rs 39 cr in Q3FY19, while EBIDA margins stood at 5.2% (26 bps Y-o-Y and 69 bps Q-o-Q) due to soft RM prices and operating leverage. The consol PAT grew 49% Y-o-Y to Rs 26.3 cr vs. Rs 17.6 cr aided by lower tax rate (at 26% vs. 35% earlier). Dixon continues to focus on new client acquisition and product addition to increase its top-line, backward integration, increasing ODM revenues and improving capacity utilization has aided overall improvement in EBITDA margins. Dixon is expanding capacities across segments based on strong order book from existing and new customers. Higher capacity utilization, new customer additions and increased product offerings are expected to drive revenue and profit growth going forward. Maintain a BUY rating with rolled over TP of Rs 5,116 (33x FY22E EPS of Rs 155). Given the sharp run-up in the price of the stock in the recent past, we would advise to buy in staggered manner.
... Read more

DIXON Share Price Target - Broker Reports - 2019

17-Oct-19
Price @ Call: 3005
Target: 3649
BUY

11-Oct-19
Price @ Call: 3061.81
Target: 3649
BUY

12-Sep-19
Price @ Call: 2564.15
Target: 3000
ACCUMULATE
Dixon had reported highest ever quarterly sales in 1QFY20 at Rs11.5bn. The management expects strong growth traction to continue, driven by Consumer Electronics and Lighting segments. Achieving scale, migration to ODM, new customer acquisition and backward integration are key focus areas for Dixon to drive growth. To enhance capacities, it has outlined FY20E capex of Rs600mn-Rs650mn. We roll forward our valuation to September 2021E earnings and maintain Buy rating on Dixon with a revised target price of Rs3,000 (Rs2,925 earlier) based on P/E of 28x.
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14-Aug-19
Price @ Call: 2303.97
Target: 2925
BUY
Achieving scale, migration to ODM, new customer acquisition and backward integration are key focus areas for Dixon which will drive growth. To enhance capacities, it has outlined FY20E capex of Rs600mn-Rs650mn. The cash conversion cycle reduced from 7 days in FY19 to negative 3 days in 1QFY20, leading to healthy cash flow of Rs300mn. We have tweaked our estimates and retain Buy rating on the stock with a revised target price of Rs2,925 (from Rs3,090 earlier) based on 30x FY21E earnings.
... Read more

27-May-19
Price @ Call: 2474.88
Target: 2680
BUY

27-May-19
Price @ Call: 2423.95
Target: 3090
BUY
With a clear focus on achieving scale, migration to ODM, new customer acquisition and backward integration, Dixon is aiming for 25%-30% revenue growth in FY20 along with commensurate improvement in the margin profile. FY19 capex stood at Rs680mn while FY20E capex outlay is Rs600mn-Rs650mn (excluding Rs300mn capex earmarked for top-load washing machine). We have cut our earnings estimates for FY20/FY21 by 11%/10%, respectively. We have retained Buy rating on the stock with a revised target price of Rs3,090 (from Rs3,190 earlier) based on 30x FY21E earnings.
... Read more

16-Apr-19
Price @ Call: 2336
Target: 3190
BUY
Over FY18-FY21E, we expect Dixon to register revenue/earnings CAGR of 14%/28%, respectively. Robust growth prospects, healthy return ratios, lean working capital cycle and high fixed-asset turnover will sustain Dixon’s healthy financial position and support its valuation.
... Read more

4-Feb-19
Price @ Call: 2261.47
Target: 2500
ACCUMULATE

DIXON Share Price Target - Broker Reports - 2018

27-Aug-18
Price @ Call: 2610
Target: 3475
BUY

23-Aug-18
Price @ Call: 2515
Target: 3285
BUY

7-Aug-18
Price @ Call: 2857.55
Target: 3460
BUY

6-Jul-18
Price @ Call: 2886.85
Target: 3430
ACCUMULATE

  • DIXON - Share Price Target Potential

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    BrokerageTargetPotential
    Axis Direct5,11621.00%
    Nirmal Bang3,000-34.71%
    Investec Securities2,680-50.80%
  • DIXON Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 34,437.17
    Upside Target 24,291.08
    Upside Target 14,154.37
    Pivot4,008.28
    Downside Target 13,871.57
    Downside Target 23,725.48
    Downside Target 33,588.77
  • DIXON Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 34,924.8
    Upside Target 24,785.4
    Upside Target 14,568.8
    Pivot4,429.4
    Downside Target 14,212.8
    Downside Target 24,073.4
    Downside Target 33,856.8
  • DIXON Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 35,942.75
    Upside Target 25,331.35
    Upside Target 14,992.8
    Pivot4,381.4
    Downside Target 14,042.85
    Downside Target 23,431.45
    Downside Target 33,092.9
  • DIXON Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 34,291.08
    Upside Target 24,183.05
    Upside Target 14,116.31
    Pivot4,008.28
    Downside Target 13,900.25
    Downside Target 23,833.51
    Downside Target 33,725.48
  • DIXON Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 34,785.4
    Upside Target 24,649.41
    Upside Target 14,565.39
    Pivot4,429.4
    Downside Target 14,293.41
    Downside Target 24,209.39
    Downside Target 34,073.4
  • DIXON Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 35,331.35
    Upside Target 24,968.47
    Upside Target 14,744.28
    Pivot4,381.4
    Downside Target 14,018.52
    Downside Target 23,794.33
    Downside Target 33,431.45
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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