Published: 16th July 2025
By: Dheeraj Kumar
A big deal and a new JV send the stock soaring. But is the valuation too rich?
Price touched ₹16,235 — up 2.6% on July 16, 2025 Two big reasons: 1. Q-Tech deal 2. New joint venture
Dixon acquires 51% in Q-Tech India Q-Tech is a leading camera module maker Boosts Dixon’s presence in mobile and IT hardware components
Chongqing Yuhai Precision + Dixon Will manufacture high-end precision components For electronics like laptops and smartphones Dixon holds 74% in this JV
EMS giant behind your gadgets TVs, Phones, Washing machines, CCTV One of India’s largest contract manufacturers
Market cap: ₹95,703 Cr P/E: 87.4 | ROE: 25.5% EPS: ₹127.5 | P/B: 31.8 Dividend yield: 0.1% Book value: ₹497.5
Quality: 7/10 Growth: 8/10 Valuation: 3/10 Momentum: 5/10 Overall: 3/5
Strong business, export momentum, new segments But valuation is steep — 87x earnings Market pricing in perfection. Caution advised.
Dixon is delivering — but don’t chase the rally blindly Believe in EMS + execution? Maybe. Waiting for better entry? Smart too.
Join thousands of smart investors Get expert-picked stocks with Stock Advisor
Other Webstories
To get more such valuable insights, keep reading Value Research Online.