How Dixon Technologies Secured 746% Returns In Just 3 Years
If you had invested ₹1 lakh in Dixon in September 2019, you could have had ₹8.4 lakhs today! This multibagger gave its investors 746% returns in just 3 years. Let’s take a quick peek at the company.
📱 Stock: Dixon Technologies (India) Ltd.
📱 NSE: $DIXON
💡 About The Company
Dixon Technologies, the largest home-grown manufacturing company, provides design-focused solutions in consumer durables, home appliances, lighting, mobile phones and security devices to customers across the globe. It also repairs and refurbishes a wide range of products.
📝 Clientele Portfolio
◾ The biggest manufacturer of LED TVs in India and produces TVs for brands like Panasonic, TCL, Samsung, Xiaomi, OnePlus and more.
◾ Manufactures lighting products for companies like Philips, Havells, Syska, Bajaj, Wipro, Orient and more.
◾ A leading contract manufacturer of semi-automatic washing machines and has clients like Godrej, Samsung, Lloyd, Panasonic and more.
It entered into an agreement with Molbio for the manufacturing of Truelab, a machine that is capable of performing multiple tests per day for critical infectious diseases, including COVID-19. Its new mobile manufacturing factory has been set up and it has the capacity to produce 20 million smartphones per year.
Dixon has 11 manufacturing units covering 12 lakh square feet spread across the nation and they offer complete solutions to its customers, from manufacturing and designing to assembly and delivery across all verticals.
It has also widened its customer base across both domestic and international brands across various business segments. Its MoU with Bharti Enterprise Ltd. is an example, where they formed a joint venture to manufacture telecom and networking products like modems, routers, set-top boxes and many more.
📈 Stock Value
On September 9, 2019, the shares of the company were trading at ₹519.15, while they were priced at ₹4,392.8 as of September 8, 2022.