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 client durables, lighting, and cell phones/smartphones markets in India. Dixon is the most important 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 firms 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 significant participant in client electronics and sturdy items contract manufacturing. Current product additions and buyer acquisitions are prone to maintain its development prospects. Moreover, we count on the PLI scheme to profit the corporate as a consequence of its capacity 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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