DIXON

Strong Growth Momentum

📈 Recent Developments (2025–26) Strong Growth Momentum Order flows remain robust due to the “Make in India” push and global companies shifting manufacturing to India. Mobile phone and TV manufacturing continue to be major contributors. The company has been rapidly expanding production lines in smartphones, lighting, and appliances. Expansion into Components Dixon is moving beyond assembly into component manufacturing: Camera modules Mechanical parts Other electronic components This improves margins and reduces dependence on imports. New Acquisitions & Partnerships Recently acquired majority stake in a component manufacturing firm (India arm of a Singapore-based group). Continues to win new orders and partnerships from domestic as well as global brands, especially in smartphones and LED lighting. 💰 Financial & Operational Highlights Revenues have been growing strongly year-on-year. Profitability improving as higher-value components and ODM (design + manufacturing) capabilities scale up. Increasing capex to expand new factories and enhance backward integration. Strong balance sheet and consistent growth in manufacturing capacity. 🌍 Industry Position One of the largest EMS players in India. Seen as a major beneficiary of: PLI schemes (Production Linked Incentives) China+1 supply-chain diversification Rising domestic electronics consumption Dixon is increasingly becoming an integrated electronics manufacturer — not just an assembler.