Mini Dixon?

Interesting opportunity

A $ invested in Dixon Technologies (NSE: DIXON) in 2019 has become $25 dollars in 2024, this from a contract manufacturer which operates at sub 5% net margin at best. What has been its secret sauce ?

• Amazing scaling of operations (10X Sales from 2019)

• Impeccable working capital management (Almost zero Cash Conversion Cycle)

• Expansion of product categories and most importantly

• Operating in India which is going to see massive uptake of consumer goods

One of the key consumer categories which is going to get 5-6X uptake in next decade is Air Conditioning (AC)