Dixon Technologies stock, consumer durables

Crisil assigns ESG rating 61 to Dixon Technologies stock

Published on 10/20/2026 at 01:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Crisil gave Dixon an ESG rating of 61 for fiscal 2026. Dixon Technologies stock holds 60 percent of a Gemtek JV in India by February 2027.

Ratings and expansion dates

Crisil assigned Dixon an ESG rating of 61 and a Core ESG rating of 67 for fiscal year 2026.
First-quarter fiscal 2027 revenue reached INR 155.48 billion, up 21 percent year over year.
The Gemtek venture is expected to complete by February 3, 2027, subject to customary conditions.

Dixon Technologies stock, consumer durables, optical connectivity, ESG rating, NSE and BSE, Illustration mit AI erstellt.

Crisil assigned Dixon Technologies an ESG rating of 61 and a Core ESG rating of 67 for fiscal year 2026 on October 14, 2026, according to StockFin. The assessment adds a sustainability measure to a stock story increasingly centered on manufacturing expansion and operating margins.

Results show growth and pressure

Dixon reported first-quarter fiscal 2027 revenue of INR 155.48 billion, up 21 percent year over year, while adjusted profit after tax reached INR 2.18 billion, down 3 percent year over year. Its EBITDA margin contracted to 3.00 percent from a year earlier, according to DSIJ.

The margin pressure matters because mobile and other electronics manufacturing services revenue rose 22 percent year over year to INR 141.79 billion in the same quarter. That segment represented 91 percent of revenue, leaving Dixon exposed to changes in production-linked incentives and component costs.

Why does the Gemtek JV matter?

The October 7, 2026 agreement with Taiwan-based Gemtek gives Dixon a 60 percent stake in Dixon Electroconnect, with Gemtek holding 40 percent. The venture will manufacture optical transceivers, bidirectional optical subassemblies and other telecom products in India, The Economic Times reported.

The strategic angle is diversification into optical connectivity, data centers and telecom equipment. The financial contribution is still ahead of the operating rollout, so investors will have to weigh the 60 percent ownership against the companys current dependence on mobile manufacturing.

Three dated company steps

On September 28, 2026, Dixon held its 33rd annual meeting, with the filing listed by Sharpely. On October 7, 2026, it signed the Gemtek agreement for a 60:40 venture, according to The Economic Times. On October 14, 2026, Crisil assigned the ESG rating of 61 and Core ESG rating of 67, as reported by StockFin.

What dates matter next?

The Gemtek transaction is expected to complete by February 3, 2027, subject to customary conditions, while production is scheduled for the fourth quarter of fiscal 2027, according to Sahi Markets. These dates make execution, rather than the announcement itself, the next measurable test.

Stock valuation and trading context

Dixon was last quoted at INR 12,110.00 on October 19, 2026 at 3:56 p.m. IST on the BSE-linked listing. Its market capitalization was INR 740.2 billion, and the 52-week range was INR 9,605.05 to INR 17,000.00 as of that date. The stock therefore sits between its annual low and high while the business adds new manufacturing categories.