EMS Ltd., which provides manufacturing and design-focused solutions for consumer durables, lighting, mobile phones, security equipment and many other products, has signed a memorandum of understanding with Cellecor Gadgets to strengthen its washing machine customer base. The segment rose by up to 5% in the day’s trading.
price action
Market capitalization is Rs. $88,377 million in equity Dixon Technologies (India) Limited It was traded at Rs. The stock price was 14,780 rupees per share, up 3.8% from the previous day’s closing price. 14,242.25
what happened
Dixon Technologies (India) Limited has signed a Memorandum of Understanding (MoU) with Cellecor Gadgets Limited for the manufacture and supply of washing machines and related components for Cellecor Gadgets Limited.
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Management comment
Commenting on the opportunity, Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies, said:
Through this partnership, Dixon Technologies will expand its customer base in the washing machine sector. Furthermore, through this partnership, both companies will aim to increase efficiency and improve competitiveness. ”
recent updates
Dixon Technologies (India) Limited recently started manufacturing all kinds of auto components, information technology (IT) hardware components and related equipment and components for electric vehicles (EVs).
About the company
Dixon Technologies (India) Limited is an electronic manufacturing services (EMS) company that provides solutions focused on manufacturing and designing consumer durables, home appliances, lighting, mobile phones, security equipment, set-top boxes, wearables, and medical devices. is. Along with LED TV panel repair and refurbishment services, we provide customers all over the world. It has a 50% market share in the security systems field.
Dixon Technologies (India) Limited has various partnerships and subsidiaries in which it is making various investments to start its full-fledged business in semiconductors. We have a strong customer base with leading companies such as Motorola, Xiaomi, Panasonic, Realme, Samsung, Acer, and Lenovo.
finances and ratios
Operating revenue grew by 133% year-on-year from Rs 2,000 crore. 4,943 crore in Q2 FY24. Revenue for Q2 FY25 stands at Rs 11,534 crore and profit stands at Rs 2,000 crore. 412 million to Rs.11.3 billion to Rs.
In terms of profitability, the company reports a return on equity (ROE) of 24.7 percent and a return on capital employed (ROCE) of 29.2 percent. The debt-to-equity ratio is reported at 0.36.
Author: Barras KS
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