Dixon Tech Shares Jump 2% Ahead of Q1FY26 Results, JP Morgan, PhilipCapital Issue Fresh Targets

Shares of Dixon Technologies India Ltd. rose about 2% today to an intraday high of Rs. 16,450. The stock is trading in green because of two major recently announced developments by the company including a JV and an acquisition. Additionally, the firm has also scheduled its Q1FY26 results announcement for July 22.

Dixon Tech Share Price Performance

Shares of Dixon Technologies surged 1.89% to trade at Rs. 16,122.00 at the time of writing. The stock has gained 1.83% in the past 5 days, 12.64% over the past month, and an impressive 28.44% in the last one year. Over a five-year period, Dixon has delivered massive multibagger returns of over 1,146%.

Acquisition of 51% Stake in Q Tech India

Dixon Technologies has entered into a binding term sheet to acquire a 51% stake in Q Tech India, a company with a monthly camera module manufacturing capacity of 4 million units.

Joint Venture with Chongqing Yuhai

Additionally, Dixon has also signed a 74:26 JV agreement with Chongqing Yuhai Precision Manufacturing for setting up a manufacturing unit in India to produce enclosures and precision components. Dixon will hold a 74% stake, Chongqing Yuhai will hold 26%, and they will manufacture laptops, mobile phones, IoT devices, and automotive components.

Dixon Technologies Q1FY26 Results Date

The company on July 15th announced that its Board Meeting is scheduled for July 22 to approve Q1FY26, or the April to June quarter, unaudited financial results.

"Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 22nd July, 2025, to, inter alia, consider and approve the Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended 30th June 2025." the company mentioned in an exchange filing.

Brokerages Analysis On Dixon Tech

Philip Capital has cut its earnings and target price estimates for Dixon Technologies, giving rising competition in the mobile phone assembly business as a reason.

The firm has revised the revenue estimate for FY27, putting it down by 4%. The EBITDA is also cut by 6%, along with the net profit, which has been reduced by 9%. Philip Capital has set a new target price of Rs. 9,085, down from Rs. 11,077 earlier.

In its latest report, JPMorgan called Dixon a "mobile champion," projecting a 38% revenue CAGR from FY25 to FY28, due to an increase in mobile production via its Vivo joint venture, which is starting from Q4FY26. JPMorgan further noted that current valuations reflect strong FY26/FY27 mobile growth but do not yet factor in potential non-mobile drivers beyond FY27.

Philip's capital report said, "However, once its mobile phone PLI ends, we expect Dixon's NWC days to trend towards 35+ (in line with peers-Foxconn's were at 40+ for CY24), leading to a falling RoCE trajectory. To account for this, we reduce our PE multiple, valuing Dixon at 45x FY27 EPS of Rs 202 (50x earlier), to arrive at a new target of Rs 9,085 (Rs 11,077 earlier)."

Brokerages like CLSA, JPMorgan, and Nomura have already issued bullish targets between Rs. 17,700 and Rs. 21,409 per share.

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