Join telegram for nifty bank nifty and stock level link is in description and proof is in front of you. And a big good news, if you want to know which IPO to apply for, then go to finowing.com, you will see the section of IPO on your screen. You can decide from there so link in description watch and share with people's Hello everyone how are you all and what's going on? Right now there is a lot of meme going on in the market in which it is written on one side "Jiobook laptop launched at Rs 16499
" and on other side it's written that "government bans import of laptop" And then.. I mean to say that it is not so that this was done to give advantage to Jio. But we are political people, we are stock market people where we try to see who is going to benefit from the listed company. Here I have seen one more thing in social media which has become an import, about which many confusions have arisen. Because on one side it is personal and on the other side it is commercial, what did the governmen
t do for personal and commercial people This is a very simple thing which has been cleared by the government, so no one knows these things and no one is telling them. So we are going to discuss all those things with you, a quote about which you did not know but the government cleared it. You should also know about that, the last segment is very important, watch and understand it very carefully, then you can take full advantage. Many times people say that if you praise youtube membership then sho
w some profit also, profit is on your screen zomato went above 90 and made high of 98.40 Apart from this, there is proof on the screen in front of you that Finpipe hit a high of 211 above 195, heromoto given sell confirmation and made low from 3215 We give such better things in youtube membership, join with join button and keep learning keep earning We had also told on Twitter that this stock is going to benefit, this stock is also my favorite stock ,at one time it was 10 thousand, then the stoc
k got split and after that it came to 2500. Then it was stuck there for a long time, then finally it came back to 4000 and now a new news like this has accelerated this stock and it is running near 4700. Reached from 4 thousand to 4700 in 2 days, tell me in the comment which stock I am talking about, because earlier also when it was 2500 I made a video, proof is on your screen Even then I had said that even if this stock is running at 2500, it has the capacity to go back to 10,000. Time taking i
s always important, investors never understand this, Investors feel that when I buy something, it rockets from the next day and does not stop anywhere. But this did not happen till date, you pick up any multibagger stock, it falls and makes people suffer and then give returns. But the problem is that the retailers who come in the market are new, they see only 2-4 things and they think that I can double the money by taking that too. But this does not happen so their money gets drowned and then la
ter they start blaming So I would request that today we are going to talk about again news base it caught fire but it will cool down again After cooling down, it will come back to its fundamentals and work on the order book. And then when the order is received, the way the management is running properly and it is getting the benefit of the PLI scheme, it will move forward. What is this, we will make friendship with the company, see the valuation and know everything I mukul agarwal welcomes you t
o your YouTube channel, new people subscribe the channel and motivate us by liking the video, so that we keep taking learnings It is expected that the name of the stock will be written in your comment, let me tell here that a few days ago we made a video on technical analysis. Every day we give the level of the stock, like now we will give the level of what is being made, but more important than that we give you level on the basis of fundamentals analysis The excel sheet has been uploaded in the
premium telegram of those who have opened a demat account with us. So that wherever you trade and you want to see the level of any stock, you can see it by putting it in that excel sheet. Quickly open demat account and you will get more unlimited benefits over there We are talking about Dixon technology, which is India's leading electronic consumer durable manufacturing company Here consumer perishable goods are called which can be used for a long time and do not change quickly, in this electro
nic added and it became electronic consumer durables Means such electronic products which you use regularly but do not buy regularly like LED TV, refrigerator, laptop, mobile phone, tube light, medical equipment, CCTV, Washing machine, lightning products All these products come under electronic consumer durable product, Dixon manufactures these products and also provides service for repair, refurbishment of these devices Now you tell me in the comment whether you use all the products listed by m
e or not. It has every type of product which is used in every household and what will be the future of the company which deals in such products, you can understand, it is time consuming but good Dixon operates on 2 business models the first of which is OEM and second is ODM, OEM means original equipment manufacturer, In this, the company makes products according to its clients on the design given by the clients. ODM means original designing manufacturer in this, the company makes everything from
the design to the final product by itself, understanding the requirements of the clients. If talk about market position so Dixon technology is the largest LEDnTV manufacturer in India, Dixon holds 35% market share, apart from this this is largest in lightning segment If we look at the manufacturing facility, they have 18 manufacturing units, If we look at the production capacity in this, the capacity of consumer electronics is 5.5 million units per annum If see lightning products capacity so it
is 378 million unit per annum, if see home appliances capacity so it is 2.4 million unit per annum, mobile phone & EMS capacity is 51 million unit per annum, CCTV capacity is 8.4 million unit per annum DVR production capacity is 1.8 million unit per annum, now we have to see the revenue that who would have earned them good money 55% revenue from mobile and EMS, 27% from consumer and electronic, 7% from lightning products, 8% from home appliances and 3% revenue from security system Till now we h
ave understood their business, market position, capacity, revenue, we have seen everything. Till now everything is looking attractive but now have to see financials, now their last 10 years compounding sales growth is 32% and profit growth is 54% Last 5 year compounding sale growth is 34% and profit growth is 33% , last 12 months sale growth is 8% and profit growth is 27% Year over year quarterly sale growth is 14.6% and profit growth is 47.9% , Dixon's sales and profit growth looks healthy on a
n anually and quarterly basis Now if see key ratio so ROCE is 25.8% , 5 year average ROCE is 27.2% , ROE is 22.4% and 5 year average ROE is 22.8% , both return ratio are below their average, but not an issue because it's about 20 Debt to equity is 0.16 means debt is less, cash cycle is 1.88 , industry average cash cycle is 74 , Means dixon is working very well and cash is being received very fast Here when we come to the holding pattern, you will see that the promoter is holding 34.04%, FII have
15% , DII have 24.16% , public have 26.36% It is a matter of tension that the promoter holding is less than 50%, FII, DII holding is good Apart from this in previous quarter FII & DII holding was 12% which became 15% , DII holding in previous quarter was 23.76% , now it's 24.61% Public holding in previous quarter was 30.13% and now it became 26.36% , now we have to focus here that FII & DII is increasing stake and public is selling Now you understand who is more intelligent, the public thinks t
hat the stock will run as soon as I take it, it doesn't happen The market says that we will disturb the public so much that it will leave the stake and FII and DII holds stock there Till now everything is fine, now coming to valuation but before that let's see valuation plan, Dixon partners with Samsung for product expansion, expanding presence in lightning segment They are growing their presence in other segment such as telecom and network products, laptop and tablets, wearable and hearable and
security surveillance Dixon has received export order from German for global expansion and they are currently in discussion with clients from US and UK If see capax so the company is planning a capital expenditure of INR 400 to 420 crore to increase its capacity, now come to valuation Now coming to the valuation and then we will see why Dixon has increased and how it will benefit. Current PE is 95.7% , industry PE is 39.6 , PEG ratio is 2.89 , price to book value is 20.30, EV/EBIDTA is 47.5 , D
ixon is overpriced on every matrix Means no matter how good the company looks but it is expensive and there is no doubt about it, and this is the reason why I said at the time of 2500 that this is the correct valuation, it has to be understood Till now we have seen things, now we understand why there was a sudden rally. On 3 August 2023, the Ministry of Commerce and Industry imposed restrictions on the import of laptops, computers and tablets. Earlier there were no limitations in the import of t
hese products and the company was able to import these products comfortably. Now there will be a requirement of valid license to import these products and this point is written in the notice of the Ministry of Commerce and Industry. That import of laptop, tablet and personal computer or computer software and server falling under HSN8741 shall be restricted and there import would be allowed against a valid license for valid import Now here you can think that what is HSN8741, this is a type of cod
e for import and export of data processing machine, Gadgets like laptop, computer, mobile phone Data is processed in all of these, so all these gadgets come in HSN8741, here you have to note that it is not that the government has made these gadgets completely. Those who have license can import it but here too there are limitations 20 per consignment, means only 20 items will be imported at a time And this import will be allowed only for research and development, benchmarking and developing produ
cts. Because of this, Dixon has increased because Dixon makes all these things and when there is no import, the demand will increase and you can understand that what will happen in Dixon after this More demand means more revenue and more profit, Since more than 50% of Dixon's revenue comes from this segment, this was the reason for Dixon's sudden boom. The purpose behind this step of the government is to promote Make in India, apart from this there are other points that you should know. This imp
ort has become only on commercial level, means if you import from e-commerce site for personal then you can And if you are coming from foreign tour and have brought gadgets with you, then it is allowed up to a limit. Apart from this, if your gadget has gone out for repair and is being imported back to India, then there are no restrictions. Basically, this import ban will only cause problems to those companies which import and sell on a large scale means there was no manufacturing plant in India,
they were running only import and sale, now this company is going to face problems. This was Dixon's analysis, update, why it can go up and how its demand will increase, how it is working, they can improve in upcoming 3-5 years Now let us move to the chart for technical analysis where the weekly chart is open, If you look at this, once on April 4, 2022, Dixon's high was 4690, after that on September 12, 2022, the high of 4670 was back Then declined again to a high of 4664 on Nov 14, 2022, pulle
d back and hit a high of 4730 on Jun 19, 2023 and finally the time I'm shooting this video it hits a high of 4186. Means there is multiple top from where it is falling again and again, means simple summary if it closes above 4700 then you can see a new open door But there is another technical rule that the day on which the breakout occurs, that day's high is important, at the time I'm shooting this video hits a high of 4816.85 Means its high is also very important, means 4186.85 break, it is 2 l
evel important, above this a new path of Dixon will open in technical level From an investment point of view, he's already been saying since the time the stock split that Dixon is very good Here I would say that when we keep 15-20 stocks in our portfolio, we must have Dixon. All the money should not be put in Dixon because it is not the right way, hope you understand things so give love Share the video more and more so that everyone can get an idea, they have confusion about import ban, keep lov
ing
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