Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

Dixon Technologies India Ltd / Equity Bottom-Up

<div><div><div><div><ul><li>Consumer Electronics update: Consumer Electronics (LED TV) segment sales declined by 14.3% YoY to Rs10.1bn with EBITDA margin coming in at 2.8% (+40bps YoY).</li></ul><div><div><div><div><ul><li>Lighting update: Lighting segment revenue declined by 20.2% YoY to Rs3.05bn with an EBITDA margin of 7.1% (down 100bps YoY).</li></ul><div><div><div><div><ul><li>Outlook and valuation: Led by the strong scale-up opportunities across multiple product categories, we expect 69.3% earnings CAGR for Dixon over FY22-FY24E.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Consumer Electronics update: Consumer Electronics (LED TV) segment sales declined by 14.3% YoY to Rs10.1bn with EBITDA margin coming in at 2.8% (+40bps YoY).Lighting update: Lighting segment revenue declined by 20.2% YoY to Rs3.05bn with an EBITDA margin of 7.1% (down 100bps YoY).Outlook and valuation: Led by the strong scale-up opportunities across multiple product categories, we expect 69.3% earnings CAGR for Dixon over FY22-FY24E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dixon Technologies (India) - Robust Quarter Amid a Challenging Environment