DIXON

Latest Price ₹18,202 52-Week Range High ₹19,148.90 / Low ₹12,202.20 P/E (TTM) 92.58× P/B 36.50× ROE / Return Metrics ROE for recent year: 36.39% (vs 5-year average 26.78%) Valuation risk / overexpectation At 92× P/E and 36× P/B, the stock is already priced for very strong future growth. Any disappointment (in growth, margins, or top-line) could trigger sharp corrections. The market often punishes high-multiple stocks more when growth slows. Promoter dilution / governance The reduction in promoter shareholding is something to monitor — whether it’s strategic or indicative of profit-taking / lack of confidence.