Dixon Technologies (India) Share Price Target 2023, 2024, 2025 to 2030: Can Dixon touch 5000 INR in 2023?

Dixon Technologies has been among the best-performing firms on the Indian market in recent years with a share price increase of more than 300% over the last three years.

Investors are keenly observing Dixon Technologies’ growth prospects as it works to increase its market share in the electronics manufacturing industry and are debating whether it is a good idea to purchase its shares.

Dixon Tech announced quarterly results on 25th of July, 2023, detailed of which is mentioned below under a separate subheading.

Vaishali Parekh of Prabhudas Lilladher predicts that the stock will rise by another 15% in the near future. In order to conduct a thorough study of Dixon Technologies’ prospective share price objective from 2023 to 2030, we will look at the company’s growth trajectory, competitive landscape, and financial performance in this article.

About Dixon Technologies

Dixon Technologies (India) Limited is in the electronic manufacturing services (EMS) business. They specialize in providing design-focused solutions for various products, including but not limited to:

  • Consumer durables
  • Home appliances
  • Lighting
  • Mobile phones
  • Security devices

In addition to manufacturing, they also offer repairing and refurbishment services for a range of products such as set-top boxes, mobile phones, and LED TV panels.

Their business encompasses both the manufacturing of electronic goods and related services, and they cater to customers both in India and around the globe.

Latest news about Dixon Technologies (India)

Dixon Tech achieves its highest stock value in the past 52 weeks due to a manufacturing agreement between its subsidiary and Xiaomi.

Dixon Technologies plans to establish a new smartphone manufacturing facility on the outskirts of Delhi, aligning with the company’s initiative to prioritize local production.

Dixon Technologies Q1 FY2024 Results: Key Points

Here are four key points with respect to Dixon Technologies’ Q1 earnings:

Finances rule
  1. Strong Growth in Net Profit: The company’s consolidated net profit for the June quarter witnessed a significant growth of 47.89%, rising to ₹67.19 crore. This is up 48% from ₹45.43 crore in the corresponding period last year.
  2. Revenue Increase: Dixon Technologies reported a 15% YoY (year-on-year) increase in consolidated revenue from operations, with the figure standing at ₹3271.50 crore, compared to ₹2,855.07 crore a year ago. This demonstrates a steady increase in the company’s top-line performance.
  3. Improvement in EBIDTA Margin: Earnings before interest, tax, depreciation, and amortization (EBIDTA) for the quarter was at ₹134.72 crore, growing by 34%. More importantly, the EBIDTA margin improved by 60 basis points to 4.1%, reflecting better operational efficiency.
  4. Rise in Total Expenses and Income: The company’s total expenses for the first quarter of the current fiscal year were ₹3,187.34 crore, marking an increase of 14.10% compared to the same period a year ago. Additionally, total income in the June quarter was at ₹3,274.35 crore, up 14.66% as against the year-ago period, showing an overall healthy financial position.

How to buy Dixon Technologies shares?

The trading platforms where Dixon Technologies shares can be purchased are as follows:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Target of Dixon Technologies (India): 2023 to 2030

Dixon Technologies Share Price Target 2023

As of 16th October 2023, Dixon technologies share price is trading at Rs. 5,389 per share

When Maximum Price Minimum Price
October 2023 ₹5,927.90 ₹5,389.00
November 2023 ₹5,811.67 ₹5,283.33
December 2023 ₹6,003.45 ₹5,457.68

In the final quarter of 2023, the price trends of a particular commodity or asset displayed a distinctive pattern. In October, the maximum price reached ₹5,927.90, while the minimum price was recorded at ₹5,389.00. The subsequent month, November, showed a slight dip in both figures, with the maximum price at ₹5,811.67 and the minimum price at ₹5,283.33.

However, December brought about a notable uptick in the maximum price, reaching ₹6,003.45, while the minimum price stood at ₹5,457.68. This three-month span showcases some fluctuation in the prices, with the highest point occurring in December.

Such variations can often be attributed to a multitude of factors, including market sentiment, supply and demand dynamics, and global economic conditions. These statistics serve as a valuable insight for investors and analysts seeking to understand the dynamics of this particular market.

Dixon Technologies Share Price Target 2024

When Maximum Price Minimum Price
January 2024 ₹6,125.97 ₹5,326.93
February 2024 ₹6,250.99 ₹5,435.64
March 2024 ₹6,378.56 ₹5,546.58
April 2024 ₹6,192.78 ₹5,385.03
May 2024 ₹6,101.26 ₹5,305.44
June 2024 ₹6,320.91 ₹5,496.44
July 2024 ₹6,257.70 ₹5,441.47
August 2024 ₹6,508.00 ₹5,659.13
September 2024 ₹6,768.32 ₹5,885.50
October 2024 ₹6,635.61 ₹5,770.10
November 2024 ₹6,834.68 ₹5,943.20
December 2024 ₹7,005.55 ₹6,091.78

Dixon Technologies has witnessed a dynamic journey in its share prices over the course of 2024, with both maximum and minimum values displaying fluctuations throughout the year. The year began in January with a maximum price of ₹6,125.97 and a minimum of ₹5,326.93. These values gradually increased in February, as the maximum rose to ₹6,250.99, and the minimum reached ₹5,435.64. This upward trajectory continued into March, with the maximum price hitting ₹6,378.56, while the minimum was ₹5,546.58.

The following months displayed a mix of ups and downs, showcasing the inherent volatility in the market. By December 2024, the share price reached its peak with a maximum of ₹7,005.55 and a minimum of ₹6,091.78. These figures indicate a steady overall upward trend as the year progressed.

Dixon Technologies Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹7,145.66 ₹5,496.66
February 2025 ₹7,328.88 ₹5,637.60
March 2025 ₹7,614.71 ₹5,857.47
April 2025 ₹7,465.40 ₹5,742.61
May 2025 ₹7,247.96 ₹5,575.35
June 2025 ₹7,574.12 ₹5,826.24
July 2025 ₹7,425.61 ₹5,712.00
August 2025 ₹7,655.26 ₹5,888.66
September 2025 ₹7,923.20 ₹6,094.77
October 2025 ₹8,129.20 ₹6,253.23
November 2025 ₹8,332.43 ₹6,409.56
December 2025 ₹8,540.74 ₹6,569.80

Dixon Technologies has embarked on a remarkable journey in 2025, with its share prices exhibiting notable growth and an upward trajectory throughout the year. The year started in January with a maximum price of ₹7,145.66 and a minimum of ₹5,496.66. This upward trend continued through February and March, where the maximum prices reached ₹7,328.88 and ₹7,614.71, respectively, while the minimum prices also showed a steady increase.

As April rolled in, Dixon’s share prices remained strong, with the maximum at ₹7,465.40. May and June sustained this growth, reflecting the dynamism of the market. July, August, and September maintained a robust stance, displaying resilience even amid economic fluctuations.

However, it was in the latter part of the year that Dixon Technologies made the most significant strides. By December, the share price target soared to ₹8,540.74 for the maximum and ₹6,569.80 for the minimum. These impressive figures underscore the company’s solid performance and increasing investor confidence.

As we venture further into 2025, Dixon Technologies seems to be on an upward trajectory, although it’s essential to note that market dynamics can be influenced by various factors. Investors and stakeholders will undoubtedly keep a close watch on these developments as they unfold, aiming to grasp the dynamics of Dixon Technologies’ share market and its potential for growth.

Dixon Technologies Share Price Target 2026-2030

Year Maximum Price Minimum Price
2026 ₹8,967.78 ₹6,277.45
2027 ₹9,864.56 ₹6,905.19
2028 ₹13,810.38 ₹6,905.19
2029 ₹11,957.04 ₹5,978.52
2030 ₹15,544.15 ₹10,880.91

Dixon Technologies has been on a remarkable trajectory in terms of its share price targets for the period spanning from 2026 to 2030. The data reveals an impressive and steadily rising trend that has captured the attention of investors and analysts alike.

In 2026, the maximum price of Dixon’s shares reached ₹8,967.78, while the minimum price was ₹6,277.45. This year marked the beginning of a significant upward movement in the share prices of the company.

The following years continued to exhibit remarkable growth. By 2027, the maximum price had surged to ₹9,864.56, and the minimum price increased to ₹6,905.19, highlighting the consistent positive sentiment in the market.

The year 2028 saw an astonishing leap in the maximum price, soaring to ₹13,810.38. This substantial increase was accompanied by a minimum price that remained steady at ₹6,905.19. Such impressive gains underscore Dixon Technologies’ appeal to investors during this period.

As we move ahead into the final years of this data, 2029 maintained the upward momentum with a maximum share price of ₹11,957.04, and a minimum of ₹5,978.52. The pinnacle of this five-year journey was reached in 2030, as Dixon’s maximum share price soared to ₹15,544.15, while the minimum reached ₹10,880.91. These figures are indicative of a company experiencing significant growth and market recognition.

The period from 2026 to 2030 demonstrates Dixon Technologies’ capacity to thrive and evolve, attracting investors and observers eager to comprehend the dynamics of the market and the company’s growth potential. However, it’s crucial to bear in mind that various factors can influence these price movements, making continuous monitoring and analysis a necessity for stakeholders and investors.

Financial Condition of Dixon Technologies: Last 5 years

Metric Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales +
(Rs. Crores)
2,984 4,400 6,448 10,697 12,192
Expenses +
(Rs. Crores)
2,848 4,172 6,156 10,313 11,679
Operating Profit
(Rs. Crores)
136 228 292 384 513
OPM % 5% 5% 5% 4% 4%
Other Income +
(Rs. Crores)
6 5 1 4 7
(Rs. Crores)
26 39 33 49 61
(Rs. Crores)
22 37 44 84 115
Profit Before Tax
(Rs. Crores)
94 157 217 255 345
Tax % 32% 23% 26% 25% 26%
Net Profit +
(Rs. Crores)
63 120 160 190 255
EPS in Rs 11.19 20.81 27.28 32.05 42.90
Dividend Payout % 4% 4% 4% 6% 7%

Dixon Technologies has seen significant growth over the past five years, as evidenced by the increase in revenue and profits. The company’s sales revenue has grown at an impressive rate, increasing from ₹2,984 crore in March 2019 to ₹12,192 crore in March 2023, representing a percentage growth of 300%.

Dixon Technologies’s PAT (profit after tax) in 2023 witnessed a significant growth of 25% compared to the previous year.

The OPM (Operating Profit Margin) has fluctuated between 4% to 5% over the past five years. Dixon Technologies has consistently maintained a dividend payout of over 4%-7% during this period.

Dixon Technologies has undeniably demonstrated robust revenue and profit expansion in the preceding five years. However, it’s imperative for investors to remain vigilant about potential fluctuations in the company’s financial performance.

Want to trade Dixon Technologies is Q3 2023? Know the metrics

  • Dixon Technologies is growing their sales at a compounded rate of impressive 40% over the last 3 years.
  • Dixon Technologies is growing their profit at a compounded rate of impressive 28% over the last 3 years.
  • ROE (last 3 years) is 22.4%
  • FIIs have been increasing their position in this company.
  • Current P/E is 116.


Will the share price of Dixon Technologies increase in 2023?

It is anticipated that Dixon Technologies per share price will increase to ₹6,003.45 by the end of 2023.

What is the share price target of Dixon Technologies for 2025?

The share price target of Dixon Technologies for 2025 might be around ₹8,540.74.

What risks should I consider before investing in Dixon Technologies?

As with any investment, there are risks associated with investing in Dixon Technologies. Some potential risks to consider include market volatility, changes in consumer demand, competition from other companies, regulatory changes, and more. 

What is the share price target of Dixon Technologies (India) for 2030?

The per share price of Dixon Technologies (India) might reach around ₹15,544.15 by the end of 2030.

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Conclusion: Should you buy Dixon Technologies in 2023?

Dixon Technologies has indeed displayed remarkable growth in terms of its revenue, profit, and PAT over the past five years. The company’s revenue has surged from ₹2,841.63 crore in FY18 to ₹10,697.08 crore in FY22, reflecting a substantial 277% increase. Similarly, its PAT has risen from ₹63 crore in FY19 to ₹255 crore in FY23, indicating a noteworthy growth of 300%. This impressive growth trend is anticipated to persist into the future, with projected maximum and minimum share price estimates of ₹22,240.60 and ₹15,568.42, respectively, in 2030.

Dixon Technologies’ financial ratios, including OPM and dividend payout, have consistently demonstrated their health over the past few years. These factors collectively suggest that Dixon Technologies shares could offer an attractive investment opportunity for those seeking to participate in the promising growth story of the Indian electronics manufacturing sector.

However, there are differing opinions regarding Dixon Tech’s valuation. While some investors perceive it as highly overvalued, given its net profit of ₹255 crore in a financial year and a market capitalization of ₹32,121 crore, which results in a P/E ratio of 116, others suggest a fair valuation in the range of ₹12,500 crore to ₹17,500 crore. This would imply a fair share price of just above ₹2000 to ₹2900. The decision to invest in Dixon Technologies may hinge on factors such as reaching a particular price threshold or the company achieving a substantial increase in revenue and profit. It’s important to note that these evaluations can vary based on individual investment strategies and perspectives.

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Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.

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