Dixon Technologies shares in focus on plans to incorporate new subsidiary; key details to know

Shares of electronics and manufacturing services major Dixon Technologies (India) are expected to be on investors' radar on Thursday, August 13, as the company said it is in the process of incorporating a new subsidiary, Adivistar Electronics India Pvt Ltd, which will undertake the original equipment manufacturing (OEM) business of electronic devices, including smartphones.

Dixon will hold a 51% equity stake in the new entity, involving an initial investment of ₹2.55 crore, according to a regulatory filing.

will acquire 25,50,000 equity shares of the new subsidiary at a face value of ₹10 per share. The transaction will be for cash consideration.

The remaining 49% stake in the entity will be held by Vivo Mobile India Pvt Ltd.

The Ministry of Electronics and Information Technology (MeitY) has approved a proposed investment by Vivo Mobile India Pvt Ltd in the new subsidiary, the filing added.

The joint venture proposal of Dixon and Vivo was cleared by the government in the second week of July. The two companies signed a term sheet on December 15, 2024, to form the joint venture.

Dixon Technologies expects to complete the transaction for a new joint venture with Chinese smartphone firm Vivo in two months, and its revenue will start reflecting in its balance sheet from the October-December quarter.

The JV with Vivo is expected to significantly increase the consolidated mobile production capacity of Dixon Technologies. At present, Vivo leads the Indian smartphone market in volume terms.

The Chinese smartphone company is estimated to have sold 3.5 crore handsets in 2025, while Dixon's mobile phone production volume was around 3.2 crore units.

Dixon Technologies Q1 result

Dixon Tech’s consolidated net profit surged 195% to ₹663.42 crore in the first quarter of the financial year 2026-27, compared year-on-year (YoY) with ₹224.97 crore in the same period a year earlier.

The company’s revenue from core operations advanced 21% YoY to ₹15,547.66 crore in the June quarter, from ₹12,835.66 crore in the same period a year earlier.

At an operational level, the company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) declined nearly 4% to ₹463 crore in the June quarter, from ₹482 crore in the same period a year ago.

The EBITDA margins contracted 78 basis points to 2.97% in the first quarter of the financial year 2026-27, compared year-on-year with 3.75% in the same period a year earlier.

Dixon Technologies stock performance

Shares of Dixon Technologies closed 1.59% lower at ₹13,800 per unit on the National Stock Exchange (NSE) on Wednesday, August 11. However, the announcement was made after market hours.

The scrip has lost more than 3% in the past week but gained 3% over the month. On a year-to-date (YTD) basis, it has surged 14%.

While the stock hit a 52-week high of ₹18,471 per equity share on September 25, 2025, it touched a year’s low of ₹9,600 apiece on March 30, 2026.

Dixon Technologies (India) has a total market capitalisation of ₹84,376.14 crore as of August 12, 2026, according to data on the NSE.