Dixon Technology: The Board Approves Stock Split

Dixon Technology: The Board Approves Stock Split

Dixon Technologies India Pvt Ltd has progressed into something past electronic manufacturing service (EMS) association. Settled in Noida, Dixon is the greatest Indian EMS provider, focused on conveying top-notch practical arrangements in the homegrown buyer gadgets, lighting, set-top boxes (STBs) and home machines spaces. The differentiated item portfolio fuses

  •  Customer hardware like LED televisions
  •  Home apparatus like clothes washers
  •  Lighting items like LED bulbs and tube lights downlighters and CFL bulbs
  •  Cell phones and 
  •  CCTV and Computerized Video Recorders (DVRs)

It has 10 collecting units in Noida, Dehradun, and Tirupati, similarly to the greatest TV, garments washer, and bulb get together plants in India. The association is recorded on BSE and NSE since its first offer of stock in 2017 It is one of just a small bunch not many Indian EMS players with full-scale capacities in the thin plan, overall procurement, turnkey gathering, coordinated and strong back-end support. Dixon is a completely coordinated start to finish item and arrangement suite to unique gear producers Overseers of Dixon Innovations (India) restricted are Manoj Maheshwari, Poornima Shenoy, Sunil Vachani, Keng Tsung Kuo, Atul Behari Lall, Manuji Zarabi.

The leading body of Dixon technologies endorsed stock split under which the organization will give five offers for every one held.  The board affirmed that the subdivision/stock split of existing face  Value Portion of the assumed worth of Rs. 10/ – each completely settled up into 5 (Five) face Value Portions of Rs. 2/ – each completely settled up, subject to shareholders approval,  Dixon shares were exchanging 5% higher at 15850 in late exchange. The association said the stock split will “empower more broad help of little theorists and to update the liquidity of the value shares at the securities exchange.”

Very good news for retail investors. Dixon Technologies Approves Stock Split In 1:5 RatioFinally it will have more liquidity.  In a 1:5 split, shareholders get one share for every 5 old shares. So after a 1:5 split, for example, a stockholder with 16000 shares will open his account screen to find that he now holds 3705.

Dixon foresees that the cycle should be complete in 2-3 months, including the time required for support of the speculators. In the quarter completed December 31, 2020, its incomes jumped 120% to 2,182 crores while net advantage overflowed to 62 crores, a bounce of 134% when it stood out from a comparative quarter of the prior year.

Shares of Dixon Technologies (India) Ltd last traded in BSE at Rs.15172.25 as compared to the previous close of Rs. 14129.9. The total number of shares traded during the day was 14428 in over 6707 trades. The stock hit an intraday high of Rs. 15450 and intraday low of 14191.8. The net turnover during the day stood at Rs. 214673763.

Dixon Technologies has a very strong client base like Xiaomi, Samsung, Voltas, LG, Flipkart and Foxconn. The company also has plans to hold investor meetings with ICICI Prudential, Motilal Oswal AMC, and others.


Company Valuation Services:

The organization’s consolidated net arrangements for the year completed in 2017 (FY 2017) expanded 77% to Rs 2456.76 crore. The deals of lighting division expanded by 28% to Rs 550.80 crore, customer equipment by 10% to Rs 844.54 crore, home machines by 44% to Rs 188.03 crore, invert calculated by 60% to Rs 62.69 crore and mobiles phones more than 999% to Rs 810.71 crore. The OPM decreased by 50 bps to 3.7%. The net advantage after a bit of accomplice and MI have expanded by 18% to Rs 50.38 crore. At the lower value band of Rs 1760 for each worth part of Rs 10 expected worth, the P/E works out to 39.6 times the FY2017 joined EPS of Rs 44.5 (on post-Initial public contribution esteem) and at the upper band of Rs 1766, P/E works out to 39.7 times FY2017 consolidated EPS of Rs 44.5 (on post-Initial public contribution esteem). 

Dixon Innovations shares experienced an important advancement as the bits of the association hit another week high of Rs 12,538.7 on the BSE against a condition of 275 in the convention of S&P BSE Sensex.

The supplies of the association will have a Capex of Rs 125-150 crore in 2021. Its revenue remains at 3,680.70 crores (US$520 million) (2020) Also, its Operating income Stands at 177.51 crores (US$25 million) (2020)

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