Dixon Technologies CMP 3435
👉Revenues for Q2 FY20 surged 90% YOY
👉Consumer electronics drove the top line growth
👉Gross margin improved, operating margins stable
👉Planning capacity exapnsion across multiple biz lines
👉A play to ride the Make-in-India theme
#DixonTechnologies
👉Biz continues to exhibit strength on most fronts even as consumer demadn is weakening due to slowing domestic economy
👉Strong volume offtake from Xiaomi (major client)
👉enjoy 50% market share in the lighting biz
👉Supplies to all major cos like CG, Syska, Philips, Orient etc
👉Home appliances vol jumped on the back of new client additions
👉Improvement in Capacity utilization
👉Planning to start production of semi-automatic machines for its new client from December onwards
👉Acquired Padget electronics (wholly owned subsidiary)
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👉Security systems revenus grew exponentially on a low base
👉Co. has ventured into this biz along with a JV partner CP Plus which holds 24% share in indian video surveillance market
👉Expanded its camera mfg capacity from 3 lacs to 7 lacs per month & DVR from 0.5 to 1.5 lacs pm
👉Capacity exapnsion across business lines
👉Incurred investment of INR 35 crores in H1 FY20
👉Expanded TV production capacity from 2.4 Mn to 3.6 Mn units.
👉Capacity increased from 3 Mn to 9.6 Mn units for lighting division
👉The Mgt eyeing growth through export market
👉In early stages of setting up a top-load fully-automatic washing machine plant in Tirupati
👉Cash flows improving gradually
👉Multiple tailwinds-low penetration of consumer electronics, govt's thrust towards Make-in-India & increased focus of brand owners on outsourcing prod.
👉Dixon Tech robust health, new growth initiatives & client additions all combine to make a compelling case for long term Investment!!
#DixonTechnologies
@MarketScientist @Arunstockguru @insharebazaar @caniravkaria @Atulsingh_Asan @NagpalManoj @Harrshit1 @npal20 @RajarshitaS
Dixon Technologies!! What a fantastic performance till now!! From 3435 ----> 4900 ✌️✌️
#Dixontechnologies
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