Buy Dixon Technologies (India), target price Rs 4000: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Dixon Technologies (India) with a target price of Rs 4000. The current market price of Dixon Technologies (India) is Rs 3433.7. Prabhudas Lilladher recommended to keep stop loss at Rs 3400.

Dixon Technologies (India), incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 20452.96 Crore) operating in Consumer Durables sector.

Dixon Technologies (India) key Products/Revenue Segments include Domestic Appliances, Job Work, Other Operating Revenue, Service Charges, Rent and Export Incentives for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3867.32 Crore, up 35.43 % from last quarter Total Income of Rs 2855.49 Crore and up 37.89 % from last year same quarter Total Income of Rs 2804.73 Crore. Company has reported net profit after tax of Rs 77.70 Crore in latest quarter.

The company’s top management includes Mr.Sunil Vachani, Mr.Atul B Lall, Mr.Keng Tsung Kuo, Mrs.Poornima Shenoy, Dr.Manuji Zarabi, Mr.Manoj Maheshwari, Dr.Rakesh Mohan. Company has S N Dhawan & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 6 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 34.06 per cent stake in the company as of 31-Dec-2022, while FIIs owned 16.66 per cent, DIIs 18.92 per cent.