Key Metrics of Dixon Technologies
About Dixon Technologies
Sectors
Company details
- Website
- dixoninfo.com
- Founded
- 1993
- Registered office
- B-14&15, Gautam Buddha Nagar, Phase- Ii, Noida, In-up, 201305
Operational Areas of Dixon Technologies
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 Apr 2023 | CARE | Reaffirmed | — | A1+ | — | — | View |
| 06 Apr 2022 | CARE | Reaffirmed | — | A1+ | — | ₹180 Cr | View |
| 03 May 2021 | CARE | Assigned | — | A1+ | — | ₹180 Cr | View |
Credit strengths (CARE, Apr 2023)
+ Reputed and diversified client base across all the segments of operations
DTIL caters to all the leading electronic players in its respective segments. The key clientele comprises some strong and reputed global brands like Panasonic, Xaomi, Samsung, PHILIPS, Nokia, Motrola, etc. In security systems segment the JV partner AIL (Aditya Infotech Limited) holds trademark for CP Plus and Dahua brands. Furthermore, DTIL has also ventured into Set Top Box and Medical Electronics segment. DTIL under PEPL has started manufacturing set top boxes for Jio (Hybrid & Cable), Dish TV
+ Healthy financial profile
DTIL witnessed a healthy growth in its revenue for FY22 despite challenging environment. The revenue grew by 66% y-o-y to ₹10,697 crore as against ₹6,449 crore in FY22. Revenue growth has been driven by growth momentum across all the segments/verticals of its operations on the back of increased volumes and focus on backward integration. DTIL’s Consumer segment is largest segment for the company, which contributed 48% (PY: 60%) of total revenue witnessed a growth of 34%.
Credit challenges
− Dependence on client’s business plans and performance, nevertheless, strong financial profile of customers and
DTIL’s long-standing relationship with key customers partially mitigates the risks As customary to the EMS industry, DTIL’s revenues are linked to the business plans and performance of its clients. Furthermore, a major part of DTIL’s revenues and hence operating profitability is derived from its top customers (Motorola, Xiaomi, Samsung, Phillips and Panasonic). The customer concentration exposes the company to the risk of client loss or issues in the customer’s
Could lead to a downgrade
• Increase in working capital intensity or decline in profitability resulting in weakening of
Agency-reported financials (CARE, 07 Apr 2023)
| Metric | March 31, 2021 | March 31, 2022 | 9MFY23 |
|---|---|---|---|
| Total operating income | ₹6,449 Cr | ₹10,697 Cr | ₹9,130 Cr |
| PBILDT | ₹295 Cr | ₹385 Cr | ₹360 Cr |
| PAT | ₹160 Cr | ₹190 Cr | ₹174 Cr |
| Overall gearing (times) | 1.00× | — | — |
| Interest coverage (times) | 9.03× | 7.78× | 7.93× |
| Revenue growth (YoY) | — | 65.9% | — |
| EBITDA margin | 4.6% | 3.6% | 3.9% |
| Implied interest cost (EBITDA ÷ coverage) | ₹32.67 Cr | ₹49.49 Cr | ₹45.40 Cr |
| PAT margin | 2.5% | 1.8% | 1.9% |
the company with the acquisition of the JV partner’s share in April 2019. Thereafter, PEPL became its wholly-owned subsidiary. In January 2018, it entered into manufacturing of surveillance and security equipment like closed-circuit television cameras (CCTVs) and digital video recording (DVR) through ADTPL, its 50% JV with Aditya Infotech Ltd. Recently, DTIL has also entered into a 40-60 JV with Rexxam, Japan to manufacture these boards of air conditions for Daikin and a 50:50 JV with Imagine Marketing for its flagship brand, Boat for manufacturing variables in hearables. The company operates through two business models, first one is OEM (for consumer electronics, lighting, mobiles & EMS, Security Systems & Reverse Logistics), where the product is made as per customer design and specifications, and ODM (Consumer electronics, Lighting & Home Appliances segment), where it supplies own design products to the customers. DTIL has total 18 manufacturing facilities and six R&D centres. The co
Borrowings & rated debt
Rated limits over time
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 41% |
| Information on file | 11% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 41% chance the next rating action is stable or better
- Interest coverage 7.93×
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Dixon Technologies
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Electronics Manufacturing (EMS) · Semiconductors & Electronics | dixoninfo.com | 1993 | Noida, Uttar Pradesh, India | |
| ELECTRONICS MART INDIA LIMITED | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Hyderabad, Telangana, India |
| Tvs Electronics Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Chennai, Tamil Nadu, India |
| Salzer Electronics Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Coimbatore, Tamil Nadu, India |
| VIRTUOSO OPTOELECTRONICS LIMITED | · Business Services | — | — | Nashik, Maharashtra, India |
| Aksh Optifibre Limited | Discovered Companies · Other Industries | — | — | Bhiwadi, Rajasthan, India |
 MFJ ENTERPRISES (OPC) PRIVATE LIMITED |
Electronics Manufacturing (EMS) · Trading | mfjenterprises.com | — | Telangana, India |
 VALUE PLUS RETAIL PRIVATE LIMITED |
Electronics Manufacturing (EMS) · Trading | valueplusretail.com | 2007 | Noida, Uttar Pradesh, India |
 VIJAY SALES (INDIA) PRIVATE LIMITED |
Outlets operated by Vijay Sales India Limited. | vijaysales.com | — | Mumbai, Maharashtra, India |
 CMC ELECTRONICS PRIVATE LIMITED |
Part of Esterline. | cmcelectronics.ca | — | Tamil Nadu, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Consumer electronics and mobile OEM
Filings
No filings on record yet.