Dixon Applied sciences Ltd. – Largest LED TV Producer
Dixon Applied sciences (India) Restricted is the biggest homegrown design-focused options firm engaged in manufacturing merchandise within the shopper durables, lighting, and cell phones/smartphones markets in India. Dixon is the largest producer of LED TVs in India producing TVs for the manufacturers like Samsung, Panasonic, Xiaomi, TCL, OnePlus, and lots of extra. Additionally they manufacture lighting merchandise for corporations like Philips, Havells, Syska, Bajaj, Wipro, Orient, and extra. They’re the main contract producer of semi-automatic washing machines for purchasers like Godrej, Samsung, Lloyd, and Panasonic.
Valuation:
DIXON is a serious participant in shopper electronics and sturdy items contract manufacturing. Latest product additions and buyer acquisitions are more likely to maintain its progress prospects. Moreover, we count on the PLI scheme to learn the corporate as a result of its potential to scale up manufacturing. We advocate a BUY ranking within the inventory with the goal value (TP) of Rs.4382, 60x FY24E EPS.
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