Dixon Technologies (india) Ltd. · NSE:DIXON
Dixon Technologies (india) — Q4 FY2024 Earnings Presentation
32 slides from Dixon Technologies (india)'s earnings presentation, May 15, 2024
Slide 1: Outcome of Board Meeting
Dixon Technologies (India) Limited 15th May, 2024 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai – 400 051 Dalal Street, Mumba
Slide 2: Recommendation of final dividend
ii. Recommendation of Final dividend on the Equity Shares of the Company for the Financial year 2023-24 at the rate of Rs. 5/- per Equity Share of the face value of Rs. 2 each, out of the profits of the Company. The dividend, if approved by the members of the Company at the ensuing 31 st Annual Gene
Slide 3: Independent Auditor's Report - Standalone
2"' floor, 51-52, Sector 18, S.N. Dhawan & CO LLP Phase IV, Udyog Vihar, Gurugram , Haryana 122016, India Chartered Accountants Tel : +91 124 481 4444 INDEPENDENT AUDITOR'S REPORT To the Board of Directors of DIXON TECHNOLOGIES (INDIA) LIMITED REPORT ON THE AUDIT OF STANDALONE FINANCIAL RESULTS OPIN
Slide 4: Auditor's responsibilities - Standalone
In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either i
Slide 5: Other matter and auditor signature
OTHER MATTER The Standalone Financial Results include the results for the quarter ended 31 March 2024 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year wh
Slide 6: Statement of Standalone Financial Results
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & lS,PHASE II, NOIDA UTTAR PRADESH-201305 CIN : L32101UP1993PLC066581, Website: www .dixoninfo.com STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH, 2024 (Rupees in Lakhs unless otherwise stated) S.No. Particul
Slide 7: Standalone Balance Sheet
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com STANDALONE BALANCE SHEET AS AT 31 MARCH, 2024 (Rupees in Lakhs unless otherwise stated) As at As at 31-Mar-2024 31-Mar-2023 Audited Audited ASSETS
Slide 8: Standalone Statement of Cash Flow
DIXON TECHNOLOGIES (INDIA) LIMITED REGISTERED OFFICE 814 & 15,PHASE II, NOIDA UTTAR PRADESH - 201305 CIN : L32101UP1993PLC066581 , Website: www.dixoninfo.com STANDALONE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH, 2024 (Rupees in Lakhs unless otherwise stated) Year ended Year ended 31 March,
Slide 9: Independent Auditor's Report - Consolidated
2"' floor, 51-52, Sector 18, S.N. Ohawan & CO LLP Phase IV, Udyog Vihar, Gurugram, Haryana 122016, India Chartered Accountants Tel : +91 124 481 4444 INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF DIXON TECHNOLOGIES (INDIA) LIMITED REPORT ON THE AUDIT OF CONSOLIDATED FINANCIAL RESULTS OPI
Slide 10: Management responsibilities - Consolidated
selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounti
Slide 11: Auditor responsibilities - Consolidated
• Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its joint ventures to express an opin ion on the Consolidated Financial Results . We are responsible for the direction, supervision and performance of the audit o
Slide 12: Annexure-1 Subsidiaries and joint ventures
Annexure-1 The Consolidated annual financial results of Dixon Technologies (India) Limited ('the Holding Company') include the financial results of its subsidiaries and joint ventures as listed below: Name of the Company Relation Percentage of ownership interest Padget Electronics Private Limited Su
Slide 13: Statement of Consolidated Financial Results
DIXON TECHNOLOGIES (INDIA} LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADE5H-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH , 2024 (Rupees in Lakhs unless otherwise stated) S.No. Particu
Slide 14: Consolidated Balance Sheet
DIXON TECHNOLOGIES <INDIA) LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www .dixoninfo .com CONSOLIDATED BALANCE SHEET AS AT 31 MARCH, 2024 (Rupees in Lakhs unless otherwise stated) As at As at 31-Mar-2024 31-Mar-2023 Audited Audited AS
Slide 15: Consolidated Statement of Cash Flow
DIXON TECHNOLOGIES CINPIAl LIMITED REGISTERED OFFICE B14 & 15,PHASE II, NOIDA UTTAR PRADESH-201305 CIN: L32101UP1993PLC066581, Website: www.dixoninfo.com CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 MARCH, 2024 (Rupees in Lakhs unless otherwise stated) Year Ended Year Ended 31 March. 20
Slide 16: Declaration under Regulation 33(3)(d)
Dixon® The brand behind brands Dixon Technologies (India) Ltdo 15 th May, 2024 To To Secretary Secretary Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai
Slide 17: Earnings Presentation Q4 & FY 23-24
EARNINGS PRESENTATION Q4 & FY 23-24 1
Slide 18: Table of contents
Table of contents Key highlights of Q4 & FY 23-24 3-4 Consolidated Results Summary 5 Segment Wise Analysis 6-10 Expenditure Analysis 11 Balance Sheet & Cash Flow 12-13 Key Financial Ratios & Cash Conversion Cycle 14 2
Slide 19: Key highlights – Q4, FY 23-24
Key highlights – Q4, FY 23-24 Revenue * EBITDA* EBITDA Margin ₹4,675 crs ₹ 199 crs 4.3% 52% YoY 26% YoY (90) bps ₹ 3,067 crs in Q4,FY23 ₹ 158 crs in Q4,FY23 5.2% in Q4,FY23 PBT PBT Margin PAT PAT Margin ₹ 130 crs 2.8% ₹ 97 crs 2.1% 16% YoY (90) bps 20% YoY (50) bps ₹ 112 crs in Q4,FY23 3.7% in Q4,FY
Slide 20: Key highlights – FY 23-24
Key highlights – FY 23-24 Revenue * EBITDA* EBITDA Margin PBT ₹ 17,713 crs ₹ 720 crs 4.1% ₹ 494 crs 45% YoY 39% YoY (10) bps 43% YoY ₹ 12,198 crs in FY23 ₹ 518 crs in FY23 4.2% in FY23 ₹ 345 crs in FY23 PBT Margin PAT PAT Margin Free Cash Flow 2.8% ₹375 crs 2.1% ₹ 15 crs 0 bps 47% YoY 0 bps ₹276 crs
Slide 21: Consolidated Results Summary
Consolidated Results Summary Particulars (INR Crs) Q4, FY 23-24 Q4, FY 22-23 % Change FY 23-24 FY 22-23 % Change Income 4,658 3,065 52% 17,691 12,192 45% Expenses 4,476 2,909 54% 16,993 11,680 45% Operating Profit 182 156 17% 698 512 36% Operating Profit Margin 3.9% 5.1% -1.2% 3.9% 4.2% -0.3% Other
Slide 22: Mobile & EMS Division
Mobile & EMS Division Revenue (INR Crs)* Operating Profit (INR Crs) 119% 78% Q4,FY 23 Q4,FY 24 -4% 1% 3,214 104 105 Revenue contribution 3,091 46% 66% Operating Profit 37% 57% 59 contribution 1,410 4.1% 3.2% 3.4% Q4,FY23 Q3,FY24 Q4,FY24 Q4,FY23 Q3,FY24 Q4,FY24 EMS Division revenue (Q4,FY24) *Q4 FY24
Slide 23: Consumer Electronics & Appliances
Consumer Electronics & Appliances Revenue (INR Crs)* Operating Profit (INR Crs) -9% -19% Q4,FY 23 Q4,FY 24 -3% -6% 981 Revenue contribution 32% 19% Operating Profit 24% 16% 929 37 contribution 32 30 897 ODM 38% 41% 3.7% 3.4% 3.4% Q4,FY23 Q3,FY24 Q4,FY24 Q4,FY23 Q3,FY24 Q4,FY24 *Q4 FY24 Revenue inclu
Slide 24: Home Appliances
Home Appliances Revenue (INR Crs) Operating Profit (INR Crs) Q4,FY 23 Q4,FY 24 5% -3% 2% 1% Revenue contribution 9% 6% 294 Operating Profit 20% 16% 288 31.0 30.1 contribution 29.9 ODM 100% 100% 281 11.0% 10.4% 10.2% Q4,FY23 Q3,FY24 Q4,FY24 Q4,FY23 Q3,FY24 Q4,FY24 Revenue (INR Crs) Operating Profit (
Slide 25: Lighting Products
Lighting Products Revenue (INR Crs) Operating Profit (INR Crs) -27% Q4,FY 23 Q4,FY 24 -46% 5% 8% Revenue contribution 9% 4% 270 Operating Profit contribution 17% 8% 26.4 187 197 13.1 14.2 ODM 88% 94% 9.7% 7.0% 7.2% Q4,FY23 Q3,FY24 Q4,FY24 Q4,FY23 Q3,FY24 Q4,FY24 Revenue (INR Crs) Operating Profit (I
Slide 26: Security Systems (Dixon 50% share)
Security Systems (Dixon 50% share) Revenue (INR Crs) Operating Profit (INR Crs) 44% -6% Q4,FY 23 Q4,FY 24 -11% -33% 200 Revenue contribution 4% 4% 5.1 179 3.6 3.4 Operating Profit 2% 2% 124 contribution 2.9% 2.6% 1.9% Q4,FY23 Q3,FY24 Q4,FY24 Q4,FY23 Q3,FY24 4,FY24 Revenue (INR Crs) Operating Profit
Slide 27: Other Analysis
Dixon OTHER ANALYSIS
Slide 28: Expenditure Analysis
Expenditure Analysis : Q4,FY 23-24 vs Q4,FY 22-23 Particulars (As a % of operating revenues) Q4, FY 23-24 Q4, FY 22-23 % Change Cost of Material Consumed 90.6% 89.8% 0.8% Employee benefit expenses 1.8% 2.1% -0.3% Finance Cost 0.5% 0.5% - Depreciation and Amortization Expense 1.1% 1.1% - Other expens
Slide 29: Balance sheet
Balance sheet Particulars (INR crs) 31st Mar ’24 31st Mar’23 Net Fixed Assets (A) 1,766 1,115 259 Right-of-use asset (B) 298 248 209 Other Non Current Assets (C) 91 177 182 155 Current Assets Cash & Cash Equivalents 209 259 Trade Receivables 2,317 1,715 Inventories 1,695 958 (54) (77) Other Current
Slide 30: Cash Flow
Cash Flow Free Cash flow* 15 276 Particulars (INR crs) FY 23-24 FY 22-23 Profit before tax 484 343 Depreciation & Amortization 162 115 Others ( Net interest expenses, ESOP expenses etc.) 69 74 Working capital change (9) 276 Taxes Paid (122) (82) Cash Flow from Operating Activities (A) 584 726 Capita
Slide 31: Key Financial Ratios & Cash Conversion Cycle
Key Financial Ratios & Cash Conversion Cycle Inventory Days Debtors Days Creditors Days Net WC Days* 29 45 82 (8) 2 days (3) days 5 days (6) days 27 in FY23 48 in FY23 77 in FY23 (2) in FY23 * Working capital days calculated on the quarterly basis ROCE%** ROE%*** 38.0% 25.2% 460 bps 280 bps 33.4 % F
Slide 32: Thank you
Dixon THANK YOU
Dixon Technologies (India) — Q4 FY2024 Earnings Presentation on 6ix