- 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
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The UN just voted to condemn Israel 9 times, and the rest of the world 0.
View the resolutions and voting results here:
The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.
Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr
The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.
Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab
The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF
The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW
View the resolutions and voting results here:
The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.
Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr
The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.
Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab
The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF
The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW
I’ll address every nonsense argument and lie used to defend the suicidal gender ideology Thats in vogue today:
3:45 - “So what if you don’t have gametes?”
It’s called a birth defect. You’re still male or female.
~5:00 *nonsense trying to say the sexes of seahorses could be swapped coz male carry the eggs*
male doesn’t produce eggs, he produces the sperm. He’s still the male. If I impregnated a chick then carried the amniotic sac in a backpack ‘til the baby was done I’ll still be male🤦♂️
5:10 - we could say there’s 4 sexes of fruit fly cause there’s 3 producers of different sized sperm
No. They’re still producing sperm. They’re males. This is idiotic. Is this whole video like this? (Probably. 99% likely. Abandon hope.)
~6:10 - hermaphroditism and sequential hermaphroditism exists therefore....
No. Some animals being hermaphrodites, which is meaningless w/o the existence of binary sex to contrast it to, still doesn’t make gender ideology or transgenderism valid.
Intersex ≠ transgenderism 🙄
6:20 - bilateral gynandromorphism is a disorder in some species (not in humans). Has nothing to do w/ “gender” or transgenderism.
Ova-testes in humans are also a disorder, usually found in those w/ the karyotype disorders that you ppl also try to appropriate (extra X’s/Y’s).
3:45 - “So what if you don’t have gametes?”
It’s called a birth defect. You’re still male or female.
*one horrible doctor does a horrible thing* "oh I guess gender is horrible" miss me with that transphobic nonsense
— Goob \u26a1 (@Goob999) February 17, 2021
Here's a video to even disprove your take on sex (not gender) and the binary:https://t.co/bpmqqJWoJX
~5:00 *nonsense trying to say the sexes of seahorses could be swapped coz male carry the eggs*
male doesn’t produce eggs, he produces the sperm. He’s still the male. If I impregnated a chick then carried the amniotic sac in a backpack ‘til the baby was done I’ll still be male🤦♂️
5:10 - we could say there’s 4 sexes of fruit fly cause there’s 3 producers of different sized sperm
No. They’re still producing sperm. They’re males. This is idiotic. Is this whole video like this? (Probably. 99% likely. Abandon hope.)
~6:10 - hermaphroditism and sequential hermaphroditism exists therefore....
No. Some animals being hermaphrodites, which is meaningless w/o the existence of binary sex to contrast it to, still doesn’t make gender ideology or transgenderism valid.
Intersex ≠ transgenderism 🙄
6:20 - bilateral gynandromorphism is a disorder in some species (not in humans). Has nothing to do w/ “gender” or transgenderism.
Ova-testes in humans are also a disorder, usually found in those w/ the karyotype disorders that you ppl also try to appropriate (extra X’s/Y’s).
