Multibagger stock Dixon Technologies<\/a> tumbled 20% to hit a 52-week low at Rs 2,676 in Friday's trade after the company reported disappointing results for the December 2022 quarter. “收入增长一直低于预期作为消费类电子产品,照明和移动电话公司的关键的垂直急剧下降。然而我们升级股票中性的股票已经大幅修正,预计恢复强劲增长势头。我们滚的估值倍数 Multibagger股票迪克森技术下跌20%,至周五触及52周低点在Rs 2676后的贸易公司2022年12月季度报告令人失望的结果。
Its revenue declined 22% year-on-year (YoY) to Rs 2,405 crore in Q3FY23. However, profit after tax (PAT) during the quarter grew 12% to Rs 52 crore, against Rs 46 crore in Q3FY22. Earnings before interest, taxes, depreciation, and amortization (Ebitda) margin, too, improved 130 basis points (bps) to 4.7% from 3.4%, in a year ago quarter. The management indicated that value engineering, cost optimization and certain price hikes were the main margin drivers.
At 12.17 pm, Dixon Technologies<\/a> was trading 19% lower at Rs 2,697, as compared to 1.4% decline in the BSE Sensex. The stock has also fallen nearly 32% in the last one month, while it has plunged about 40% in the last one year.
Should you buy, sell or hold Dixon Technologies<\/a> stock? Here's what analysts say:
Yes Securities<\/b>
Yes Securities has a neutral recommendation on Dixon Technologies with a target price of Rs 3,506.
\"Revenue growth has been below expectation as consumer electronics, lighting and mobile phones key verticals for the company has seen steep decline. We however upgrade the stock to Neutral as the stock has already corrected sharply and strong growth momentum is expected to resume. We roll forward our valuation multiple and now value the company at 40x vs 50x earlier as there could be downside risk if the demand environment remains sluggish for an extended period,\" it said.
ICICI Securities<\/a> <\/b>
\"At current valuations of (58x FY24E), we believe the risk-reward is not favourable to the investors and hence, we downgrade Dixon to Reduce with a revised DCF-based TP of Rs 3,000 (implied P\/E of 36x FY25E EPS; earlier TP Rs4,120),\" it said.
Dixon Technologies is a company engaged in manufacturing products in consumer durables, lighting, home appliances, mobile phones and other electronic items in India.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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迪克森令人失望的第三季度业绩后暴跌超过20%
营收同比下降22%(同比)在Q3FY23 2405卢比。然而,税后利润(PAT)第二季度增长了12%,52个卢比,反对在Q3FY22 46个卢比。利息、税项、折旧及摊销之利润(Ebitda),也提高了130个基点(bps)从4.7%降至3.4%,一年前的季度。管理层表示,价值工程,成本优化和一定的价格上涨是主要的利润驱动程序。
你应该购买,出售或持有迪克森技术股票?这是分析师说:
是的证券
是的证券建议中性Dixon技术的目标价格3506卢比。
“收入增长一直低于预期作为消费类电子产品,照明和移动电话公司的关键的垂直急剧下降。然而我们升级股票中性的股票已经大幅修正,预计恢复强劲增长势头。我们滚估值多个现在价值公司早些时候40和50 x可能存在下行风险,如果需求环境依然低迷很长一段时间,”它说。
印度工业信贷投资银行证券
“在当前的估值(58 x FY24E),我们相信投资者的风险回报并不是有利的,因此,我们下调Dixon减少修改DCF-based TP的Rs 3000(隐含的P / E 36 x FY25E每股收益;TP Rs4,120)早些时候,”它说。
迪克森科技是一家从事制造业产品耐用消费品、照明、家电、手机和其他电子产品在印度。
(免责声明:推荐、建议、视图和自己意见的专家。这些不代表经济时期的观点)
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Multibagger stock Dixon Technologies<\/a> tumbled 20% to hit a 52-week low at Rs 2,676 in Friday's trade after the company reported disappointing results for the December 2022 quarter.
Its revenue declined 22% year-on-year (YoY) to Rs 2,405 crore in Q3FY23. However, profit after tax (PAT) during the quarter grew 12% to Rs 52 crore, against Rs 46 crore in Q3FY22. Earnings before interest, taxes, depreciation, and amortization (Ebitda) margin, too, improved 130 basis points (bps) to 4.7% from 3.4%, in a year ago quarter. The management indicated that value engineering, cost optimization and certain price hikes were the main margin drivers.
At 12.17 pm, Dixon Technologies<\/a> was trading 19% lower at Rs 2,697, as compared to 1.4% decline in the BSE Sensex. The stock has also fallen nearly 32% in the last one month, while it has plunged about 40% in the last one year.
Should you buy, sell or hold Dixon Technologies<\/a> stock? Here's what analysts say:
Yes Securities<\/b>
Yes Securities has a neutral recommendation on Dixon Technologies with a target price of Rs 3,506.
\"Revenue growth has been below expectation as consumer electronics, lighting and mobile phones key verticals for the company has seen steep decline. We however upgrade the stock to Neutral as the stock has already corrected sharply and strong growth momentum is expected to resume. We roll forward our valuation multiple and now value the company at 40x vs 50x earlier as there could be downside risk if the demand environment remains sluggish for an extended period,\" it said.
ICICI Securities<\/a> <\/b>
\"At current valuations of (58x FY24E), we believe the risk-reward is not favourable to the investors and hence, we downgrade Dixon to Reduce with a revised DCF-based TP of Rs 3,000 (implied P\/E of 36x FY25E EPS; earlier TP Rs4,120),\" it said.
Dixon Technologies is a company engaged in manufacturing products in consumer durables, lighting, home appliances, mobile phones and other electronic items in India.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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