Dixon Technologies (India) (NSE:DIXON) ROCE %: 24.35% (As of Mar. 2026)

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NSE:DIXON Dixon Technologies (India) Ltd NSE:DIXON
97 GF Score
Price ₹14,329.00
GF Value ₹24,291.56
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Dixon Technologies (India) ROCE %?

Dixon Technologies (India) NSE:DIXON -1.23% 97 ROCE % is 24.35% as of Mar. 2026. GuruFocus rates NSE:DIXON with a GF Score™ of 97/100 and a GF Value™ of ₹24,291.56 (Significantly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Dixon Technologies (India)'s annualized ROCE % for the quarter that ended in Mar. 2026 was 24.35%.

Dixon Technologies (India)  (NSE:DIXON) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Dixon Technologies (India) ROCE % Related Terms

Dixon Technologies (India) ROCE % Historical Data

* Premium members only.

The historical data trend for Dixon Technologies (India)'s ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dixon Technologies (India) ROCE % Chart

Dixon Technologies (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.64 24.46 28.27 53.62 41.52

Dixon Technologies (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.67 38.17 63.82 30.16 24.35
NSE:DIXON
97GF Score
Dixon Technologies (India) Ltd NSE:DIXON
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dixon Technologies (India) ROCE % Calculation

Dixon Technologies (India)'s annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=22080.3/( ( (167668.7 - 125954.4) + (191616.4 - 126982.9) )/ 2 )
=22080.3/( (41714.3+64633.5)/ 2 )
=22080.3/53173.9
=41.52 %

Dixon Technologies (India)'s ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=15736.8/( ( (0 - 0) + (191616.4 - 126982.9) )/ 1 )
=15736.8/( ( 0 + 64633.5 )/ 1 )
=15736.8/64633.5
=24.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 24.35% mean?
Dixon Technologies (India) (NSE:DIXON) has a ROCE % of 24.35% as of Mar. 2026.
Is Dixon Technologies (India)'s ROCE % too high?
Dixon Technologies (India)'s current ROCE % is 24.35%. The Hardware industry median ROCE % is 5.90. Dixon Technologies (India)'s value of 24.35% is 312.7% above this industry median. Overall, Dixon Technologies (India) has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dixon Technologies (India)'s ROCE % compare to AAPL?
Dixon Technologies (India)'s ROCE % of 24.35% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.90. Dixon Technologies (India)'s value of 24.35% is 312.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.90, based on 2,451 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dixon Technologies (India)'s current ROCE % of 24.35% is 312.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dixon Technologies (India)'s current ROCE % is 24.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dixon Technologies (India) stock overvalued right now?
Based on GuruFocus' analysis, Dixon Technologies (India) (NSE:DIXON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹24,291.56, compared to a current price of ₹14,329.00 — trading 41% below its estimated fair value. The current ROCE % is 24.35% and 312.7% above the Hardware industry median of 5.90. Dixon Technologies (India)'s overall GF Score™ is 97/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Dixon Technologies (India) (NSE:DIXON), the current ROCE % is 24.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dixon Technologies (India) (NSE:DIXON) Overvalued in 2026?

Based on GuruFocus' analysis, Dixon Technologies (India) stock appears to be undervalued. The current stock price of ₹14,329.00 is trading 41% below its estimated GF Value™ of ₹24,291.56. GuruFocus considers Dixon Technologies (India) to be Significantly Undervalued.

Key valuation signals for NSE:DIXON:

  • ROCE %: 24.35%
  • GF Value™: ₹24,291.56 vs. price of ₹14,329.00 (41% below fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 312.7% above the Hardware median

No single metric tells the full story. See the NSE:DIXON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dixon Technologies (India) Business Description

Other Exchanges 540699:India
Address B-14 and 15, Phase-II, District Gautam Buddha Nagar, Noida, UP, IND, 201 305
Dixon Technologies (India) Ltd provides electronic manufacturing services (EMS) to its customers, serving as an original equipment manufacturer (OEM) as well as an original design manufacturer (ODM) for various brands. It is engaged in the in manufacturing of electronic goods such as consumer durables, home appliances, lighting products and mobile phones. It operates in single operating segment: Electronics Goods. The company engages in domestic sales of goods as well as exports its products outside India, of which a majority of its revenue is generated from the domestic market.
97GF Score

Get the complete analysis for NSE:DIXON

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹14,329.00
Price
₹24,291.56
GF Value