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This company is our preferred play to ride the ‘Make in India’ theme

June 18, 2020 / 08:25 PM IST
This company is our preferred play to ride the ‘Make in India’ theme

Den Networks | The company reported higher consolidated profit at Rs 36.98 crore in Q4FY21 against Rs 24.65 crore in Q4FY20, revenue fell to Rs 326.23 crore from Rs 327.8 crore YoY.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Contract manufacturer Dixon Technologies’ (CMP: Rs 5,306; Market Cap: Rs 6139 crore) operational performance was strong in the March quarter despite challenges. The company is well poised to scale further in the coming years as electronics manufacturing is a key focus for the Indian government. Latest quarterly result snapshot Revenues for Q4FY20 were flat despite supply chain disruptions in China and demand destruction due to the lockdown. Operating profit surged by 49 percent as margins expanded significantly on the back...

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