Dixon Technologies (India) Analysis

dividend

Pros

Cons

• Dixon Technologies (India) is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
• No need to calculate the sustainability of Dixon Technologies (India)'s dividends as it is not paying a notable one for India.
• No need to calculate the sustainability of Dixon Technologies (India)'s dividends in 3 years as they are not expected to pay a notable one for India.
• Dixon Technologies (India) is not paying a notable dividend for India, therefore no need to check if the payments are stable.
• Dixon Technologies (India)'s pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
• Dixon Technologies (India)'s dividend is below the markets top 25% of dividend payers in India (3.08%).

future

Pros

• Dixon Technologies (India)'s earnings are expected to grow significantly at over 20% yearly.
• Dixon Technologies (India)'s earnings growth is expected to exceed the India market average.
• Dixon Technologies (India)'s earnings growth is expected to exceed the low risk savings rate of 7.2%.
• Dixon Technologies (India)'s earnings are expected to increase by more than the low risk growth rate in 3 years time.
• Dixon Technologies (India)'s net income is expected to increase by more than 50% in 2 years time.
• Dixon Technologies (India) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
• Performance (ROE) is expected to be above the current IN Consumer Durables industry average.
• An improvement in Dixon Technologies (India)'s performance (ROE) is expected over the next 3 years.
• Dixon Technologies (India)'s revenue growth is expected to exceed the India market average.

Cons

• Cash flow for Dixon Technologies (India) is expected to decrease over the next 2 years.
• Dixon Technologies (India)'s earnings are expected to decrease over the next year.
• Dixon Technologies (India)'s revenue is expected to increase but not above the 50% threshold in 2 years time.
• Dixon Technologies (India)'s revenue is expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).

health

Pros

• Dixon Technologies (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Dixon Technologies (India) is profitable, therefore cash runway is not a concern.
• Dixon Technologies (India) is profitable, therefore cash runway is not a concern.
• Debt is well covered by operating cash flow (286.9%, greater than 20% of total debt).
• Debt is covered by short term assets, assets are 15.1x debt.
• Dixon Technologies (India)'s cash and other short term assets cover its long term commitments.
• The level of debt compared to net worth has been reduced over the past 5 years (83.8% vs 15.3% today).
• Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
• Dixon Technologies (India)'s level of debt (15.3%) compared to net worth is satisfactory (less than 40%).

Cons

• High level of physical assets or inventory.

management

Pros

• The tenure for the Dixon Technologies (India) board of directors is about average.
• Atul's remuneration is about average for companies of similar size in India.
• Atul's compensation has been consistent with company performance over the past year, both up more than 20%.
• The tenure for the Dixon Technologies (India) management team is about average.

Cons

• Dixon Technologies (India) individual insiders have only sold shares in the past 3 months.

misc

Pros

Cons

• Dixon Technologies (India) has significant price volatility in the past 3 months.

past

Pros

• Dixon Technologies (India)'s 1-year earnings growth exceeds its 5-year average (89.8% vs 28.4%)
• Dixon Technologies (India) has delivered over 20% year on year earnings growth in the past 5 years.
• Dixon Technologies (India) used its assets more efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
• Dixon Technologies (India) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
• Dixon Technologies (India)'s earnings growth has exceeded the IN Consumer Durables industry average in the past year (89.8% vs 14.3%).

Cons

• Dixon Technologies (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

value

Pros

• 540699 outperformed the Consumer Durables industry which returned 5.6% over the past year.
• 540699 outperformed the Market in India which returned -14.5% over the past year.
• BSE:540699 is up 19.8% outperforming the Consumer Durables industry which returned 6.7% over the past month.
• BSE:540699 is up 19.8% outperforming the market in India which returned 8% over the past month.

Cons

• Dixon Technologies (India)'s share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• Dixon Technologies (India)'s share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• Dixon Technologies (India) is overvalued based on assets compared to the IN Consumer Durables industry average.
• Dixon Technologies (India) is poor value based on expected growth next year.
• Dixon Technologies (India) is overvalued based on earnings compared to the IN Consumer Durables industry average.
• Dixon Technologies (India) is overvalued based on earnings compared to the India market.