- Company had a good all around performance with highest sales.
- Growth of 120% in revenue
- EBITDA had a robust growth of 89%.
- Growth has been broad based.
- order book continues to be very strong.
- Growth is reflected across businesses.
Dixon Technologies con call was today at 4:00 PM.
"Company will be focusing on expenditure in R&D and disciplined capital allocation for future growth"
Here are the key takeaways of the call. 😀
@sonalbhutra @drprashantmish6 @varinder_bansal @Milind4profits @gvkreddi
🧵👇
- Company had a good all around performance with highest sales.
- Growth of 120% in revenue
- EBITDA had a robust growth of 89%.
- Growth has been broad based.
- order book continues to be very strong.
- Growth is reflected across businesses.
- Due to global trade mismatch in commodity prices resulted in higher input cost and disturbed supply chain
- It could disturb the ODM revenue a bit
- Company is focusing towards investing in people and R&D
- Company is extremely focused towards disciplined capital allocation
- govt regulation has helped in growth.
- Company did well in this segment because of backward integration, operating leverage & sales of larger size tv.
- 4.4 million capacity that is 30% of India's total requirement
- Company is expanding its capacity to 5.5 millions
- Within a short span of time company has recached back to pre-covid levels.
- margins expanded to 9.5%
- Solutions for smart lighting segment and emergency lighting.
- Order book is very healthy thus company is expanding the capacity further more
- Company is setting up a new factory for lighting and will be operational by Q3 of next fiscal year.
- Company has started exporting to US & Indonesia.
- Company is in talks with very large retailer internationally.
- Company is looking to venture into international markets
- Global market is 8 billion dollar. Company is globally no.2 or 3 manufacturer.
- Margins would be under some pressure this quarter
- Order book remains very high thus, company is going to expand the capacity of semi automatic in Dehradun.
- Tirupati plant is almost complete
- Revenue grew by 114%
- commercial production has started for Nokia
- commercial production for Motorola will start soon
- The new factory under PLI scheme is being constructed.
- The annual capacity for smartphone would be 20 million
- Company has the largest capacity for 2g phones which is used for domestic and export sales
- ROC will be robust and there will be quick payback on the project.
Medical electronics
- Healthy operating margin with very high level of ROCE
- Company has entered into wearables segments
- Reverse logistics segment: Mainly for set up boxes and LED TV
- 4-5 years is good enough time for government to support the manufacturing industry that is in nascent stage.
- Company will do business in segments that are not in PLI scheme as well
- Nokia and Motorola are the first 2 customers that the company has finalized.
- The order made by Motorola is almost exceeding the govt ceiling.
- Motorola production is to cater the global markets
- Due to PLI there would be deepening of manufacturing in India
- Samsung is eligible for PLI scheme in smartphone business
Pli scheme
- Due to supply chain constraints the company will not be able to meet the thresholds
- Next year threshold will be met fairly faster.
- issue is not with order book. issue is with supply chain management.
- Company has added smasung, flipkart's private label, Reliance's private label and tata croma for sales
- Almost 75% of revenue are coming from Xiaomi and Samsung in LED TV
Motorola partnership
- By year 3 or year 4 the company would be catering the 30-40% of Motorola's demand. The China production is mainly being shifted to India
- Lower Cost would be achieved by the company.
- Nokia production would be for domestic market.
Backward integration
- Company is not looking for backward integration in terms of PCB
- Lighting side: Capacity would be coming in Uttarakhand
- PLI week of lighting would be announced by 2nd week of feb and the company would be applying for that.
- 104 crores Capex has been done till now for washing machine and Pli project
Consumer electronics volume has been 200%
- Washing machine 2.4 lacs
- 75 lac for mobile phones
- Cctv 9lac
- Setup box 9 lac
- Medical equipment 450 units
- Talent acquisition
- Strengthen the HR department
More from The Tycoon Mindset
Framework on Buyback covered till now.
This Mega Thread covers our entire thesis on this buyback special situation play, across different sectors & our experience with it.
{Thread of Threads}
🧵👇
Basic of Buyback
Just Dial buyback experience & Notable Learning
Past Case Studies with different learning:
1. TCS Buyback
2. Gandhi Special tubes
This Mega Thread covers our entire thesis on this buyback special situation play, across different sectors & our experience with it.
{Thread of Threads}
🧵👇
Basic of Buyback
BASICS OF Buyback:
— The Tycoon Mindset (@tycoonmindset05) August 31, 2021
This thread is important for every investor who invest in Equity Market
Topics Covered:
1. What is Buyback?
2. Why buyback is important for every investor?
3. How to invest & participate in Buyback?
4. What not to do to avoid Buyback failure?
\U0001f9f5\U0001f447 pic.twitter.com/zR4XPpfU74
Just Dial buyback experience & Notable Learning
Buyback experience:
— The Tycoon Mindset (@tycoonmindset05) September 22, 2020
JustDial buyback just ended. We made a return of ~47% in a quarter by following our Buyback Strategy & technical analysis@gauravgsgs @NeerajMarathe @Prashanth_Krish @mysticfuture @MysticWealth11 @suru27 @tapak7 @stockifi_Invest
Thread of Buyback Play\U0001f447\U0001f9f5
Past Case Studies with different learning:
1. TCS Buyback
Releasing our another piece of buyback analysis on TCS.
— The Tycoon Mindset (@tycoonmindset05) October 11, 2020
Summarizing our article for anyone who wants to have a quick look in our further thread.@shyamsek @SumitResearch @Prakashplutus @tapak7@SanaSecurities @Maaachaaa69 https://t.co/m83G9JZAtN
2. Gandhi Special tubes
Gandhi Special Tubes has come up with buyback at a price of Rs 550. Buyback is ~5% of the total capital.
— The Tycoon Mindset (@tycoonmindset05) July 7, 2021
With higher retail shareholder and promoter participation, Buyback is still lucrative.
Read here, about what's intriguing in this buyback play \U0001f447\U0001f600https://t.co/iKe25GTaYo
More from Society
global health policy in 2020 has centered around NPI's (non-pharmaceutical interventions) like distancing, masks, school closures
these have been sold as a way to stop infection as though this were science.
this was never true and that fact was known and knowable.
let's look.
above is the plot of social restriction and NPI vs total death per million. there is 0 R2. this means that the variables play no role in explaining one another.
we can see this same relationship between NPI and all cause deaths.
this is devastating to the case for NPI.
clearly, correlation is not proof of causality, but a total lack of correlation IS proof that there was no material causality.
barring massive and implausible coincidence, it's essentially impossible to cause something and not correlate to it, especially 51 times.
this would seem to pose some very serious questions for those claiming that lockdowns work, those basing policy upon them, and those claiming this is the side of science.
there is no science here nor any data. this is the febrile imaginings of discredited modelers.
this has been clear and obvious from all over the world since the beginning and had been proven so clearly by may that it's hard to imagine anyone who is actually conversant with the data still believing in these responses.
everyone got the same R
these have been sold as a way to stop infection as though this were science.
this was never true and that fact was known and knowable.
let's look.
above is the plot of social restriction and NPI vs total death per million. there is 0 R2. this means that the variables play no role in explaining one another.
we can see this same relationship between NPI and all cause deaths.
this is devastating to the case for NPI.
clearly, correlation is not proof of causality, but a total lack of correlation IS proof that there was no material causality.
barring massive and implausible coincidence, it's essentially impossible to cause something and not correlate to it, especially 51 times.
this would seem to pose some very serious questions for those claiming that lockdowns work, those basing policy upon them, and those claiming this is the side of science.
there is no science here nor any data. this is the febrile imaginings of discredited modelers.
this has been clear and obvious from all over the world since the beginning and had been proven so clearly by may that it's hard to imagine anyone who is actually conversant with the data still believing in these responses.
everyone got the same R
this methodology is a little complex, so let me explain what i did.
— el gato malo (@boriquagato) May 30, 2020
a few EU countries provide real day of death data. this lets us plot meaningful curves to show rate of disease change.
what struck me is how similar all the curves were.
everyone got the same shape. pic.twitter.com/bN0hILzoSl
Sandbank Danger, A Thread
Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.
Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.
Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.
Officials Were Now Redepositing The Sand Removed From The Sandbank.
Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.
Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.
Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.
Officials Were Now Redepositing The Sand Removed From The Sandbank.
— Ahmed Aznil (@AhmedAznil) January 21, 2021
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👨💻 Last resume I sent to a startup one year ago, sharing with you to get ideas:
- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof
/thread
"But I got no work experience..."
Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.
Bonus points:
- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅♂️"copy cover letter"
"I got no firends, no work"
One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:
- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio
If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof
/thread
"But I got no work experience..."
Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.
Bonus points:
- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅♂️"copy cover letter"
"I got no firends, no work"
One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:
- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio
If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
