Nomura Holdings Market Analysis on Dixon Technologies India Limited - Business

analysis of Dixon Technologies India Limited by Nomura Holdings

 Japanese brokerage firm Nomura has originate coverage on Dixon Technologies ( India ) Ltd. with a ' bargain ' evaluation and a target monetary_value of15,567 per share , mention benefit from localization_of_function in Mobile and information_technology hardware . The monetary_value target impute by Nomura , imply a potential top of nearly 22 % from Wednesday 's shutting degree . Nomura 's monetary_value target of 15,567 on Dixon Technologies is also the high on the street . Nomura foreground Dixon 's significant business - to - consumer opportunity , note that the company could capture over 30 % of India 's Mobile industry by FY27 , with extra growth expect from exports.

Nomura Holdings Market Analysis on Dixon Technologies India Limited

Dixon Technologies has been experience growth due to its presence in section with demand tailwind , right partnership with global customer , great fabrication excellence , lower_berth conversion cost , and sharing of PLI benefit . Nomura undertaking that by FY30 , Dixon 's gross could range 3 billion , with potential to touch 2 billion by FY40 , comparable to global player ' gross . These estimate are higher than consensus and do not include potential top from Mobile export and other area . Nomura expect Dixon to trade at a premium evaluation of 50 - 65x net_income and discovery the stock attractive.

 share of Dixon Technologies ( India ) Ltd. are currently trading a percentage higher at12,844.90 . The stock has beat_up 100 % so far in 2024 and is up 155 % over the stopping_point 12 months.

growth in Electronics Manufacturing Services ( EMS ) industry in India

The Electronics Manufacturing Services ( EMS ) industry in India has been witness significant growth in gross due to robust industry demand , new section , acquisition of client , rise domestic production , import replacement , and International collaboration . brokerage house Motilal Oswal Financial Services Ltd. belief that most EMS business are project to recover or retain their exist margin profile , lead to accelerate net_income growth.

 The brokerage expect a fast pace for net_income growth in the EMS industry , drive by robust order book execution from new and establish end - user sector as well as margin recovery.

Motilal Oswal expect EMS coverage company to report significant growth in gross , EBITDA , and adjust pat over the approach old_age . The market hour_angle significant growth visibility , with a large order book as of June 24 . With new client class being add actively , consistent future order inflow are likely.

evaluation and position on EMS Industry

The EMS industry is witness an uptrend in gross growth , drive by order flow from new and exist section in both domestic and International market . Nuvama repeat a ' bargain ' evaluation on assorted company in the EMS sector with target monetary_value for FY26 . The evaluation remains positive for company like Kaynes Tech India , Dixon Technologies India Limited , and Amber Enterprises , among others.

In decision , the mentality for Dixon Technologies India Limited and the EMS industry in India look promise , with growth expect in gross , net_income , and market visibility over the approach old_age . Nomura and Motilal Oswal 's analysis supply valuable penetration into the potential of these sector in the Indian market.