Dixon Technologies Share Price: Top brokerage firms such as Nomura, Emkay Global and CLSA remain bullish on the Dixon Technologies stock, maintaining their ‘BUY’ rating with revised target prices highlighting the company’s strong long-term growth potential.
Despite reporting exceptional quarterly earnings, Dixon Technologies shares came under pressure on May 21, falling over 7% intraday to hit a low of ₹15,337.15. The sudden drop in the stock surprised investors, especially after the company reported impressive Q4FY25 results.
CLSA Retains ‘BUY’ Rating on Dixon Technologies Shares
CLSA maintained its ‘High Conviction Outperform’ rating and raised its target price to ₹19,000, citing strong revenue and margin trends. CLSA expects smartphone sales to reach 42-44 million units in FY26 and 60 million units in FY27, driven by growth in exports and new customer wins.
While CLSA acknowledged that Q4 PAT came in below estimates due to high minority interest, it remains positive on Dixon’s fundamentals. It forecasts 45% PAT CAGR over FY25 – 28, expecting margins to remain healthy despite reduced PLI scheme benefits.
Nomura Retains ‘BUY’ Rating on Dixon Technologies Shares
Nomura also maintained its ‘BUY’ rating with a target of ₹21,202, praising the company’s strong Q4 performance, especially in the mobile segment. The brokerage highlighted Dixon’s diversified customer base and strategic partnerships as key competitive strengths.
Emkay Global Retains ‘BUY’ Rating on Dixon Technologies Shares
Emkay Global reiterated a bullish outlook but lowered its target by 6% to ₹19,800 due to delays in the Vivo JV and slow progress in display module production. Nevertheless, Emkay endorsed Dixon’s smartphone volume guidance of 40-45 million units in FY26 and 60-65 million units in FY27, citing strong demand for brands such as Motorola, iSmartU and Compal.
Dixon Technologies Q4 Results and FY25 Financial Performance
Dixon Technologies posted a stellar performance in the March quarter. Its PAT grew 379% YOY, reaching ₹465 crore in Q4FY25, as against ₹97 crore in Q4FY24. Revenue also doubled to ₹10,304 crore, up 120% from ₹4,675 crore in the same quarter last year. Operationally, the company performed impressively, with EBITDA growing 128% to ₹454 crore, reflecting improved margins and improved efficiency.
For the full FY25, Dixon Technologies reported a 229% increase in profit after tax, totalling ₹1,233 crore. Revenue grew 119% to ₹38,880 crore. This sustained growth across all business segments reflects the company’s solid execution and the market demand for its electronics manufacturing services.
Further, the company’s board recommended a final dividend of ₹8 per share (400% on ₹2 face value), indicating management’s confidence in its financial health and growth path.
Also Read: Dixon Technologies Share Price Target 2025 to 2030
Dixon Technologies Share Price Performance
Dixon Technologies has seen sharp volatility recently. While it dropped 7% in a day and 6% in May, the stock rallied 25% in April. It had earlier declined 5.4% in March, 7% in February and 16.5% in January, indicating volatility in early 2025.
Nevertheless, on a 1-year basis, Dixon remains a strong performer, delivering a return of 85%. The stock is currently trading 20% below its 52-week high of ₹19,149.80 but 81% above its 52-week low of ₹8,440.15, indicating resilience and strong investor interest.
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