Dixon Technologies (India) Limited has informed the stock exchanges about its upcoming institutional investor meetings scheduled for May 2026. The intimation, filed on May 19, 2026, was submitted pursuant to Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Upcoming Investor Meetings

The company’s officials are scheduled to engage in one-on-one meetings with two key institutional investors. The details of these interactions are as follows:

Key Disclosures

Dixon Technologies explicitly stated that no unpublished price sensitive information is proposed to be shared during these meetings. Additionally, no presentation is proposed to be made during the sessions. The intimation was signed by Ashish Kumar, President – Chief Legal Counsel & Group Company Secretary.

Dixon Technologies has received a maintained Underweight rating from Morgan Stanley, with the global brokerage setting a target price of ₹8157 on the stock. The rating comes in the wake of a subdued fourth-quarter performance that fell short of market expectations on key financial metrics.

Weak Q4 Performance Misses Estimates

Morgan Stanley flagged a disappointing set of quarterly results for Dixon Technologies, with revenue growth coming in at just 2% for the quarter. The brokerage noted that this tepid top-line expansion missed analyst estimates, reflecting broader pressures on the company's business segments.

The following table summarises the key performance highlights cited by Morgan Stanley for the quarter:

EBITDA Decline Driven by Margin Contraction

EBITDA for the quarter declined 8% on a year-on-year basis, also missing estimates. Morgan Stanley attributed this underperformance primarily to margin contraction within the mobile and EMS (Electronics Manufacturing Services) business, which weighed on overall profitability during the period.

Adjusted PAT Supported by Lower Costs

Despite the miss on revenue and EBITDA, Dixon Technologies' adjusted PAT remained in line with estimates. Morgan Stanley noted that this was largely due to lower interest costs and reduced minority interest charges, which provided a partial offset to the operational headwinds faced during the quarter.

Lighting Division Transfer Impacts Quarter

The quarter was also impacted by the transfer of the lighting division to a subsidiary. Morgan Stanley identified this structural change as an additional factor influencing the reported financials for the period, contributing to the overall complexity of the quarterly results.

With the Underweight rating and a target price of ₹8157 maintained, Morgan Stanley's assessment reflects concerns over near-term earnings visibility for Dixon Technologies, particularly given the margin pressures observed in its core mobile and EMS segments.