Tech Mahindra [TECHM] vs Dixon Technologies [DIXON] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 20 vital metrics comparison: Tech Mahindra Ltd. wins in 14 metrics, Dixon Technologies (India) Ltd. wins in 6 metrics, with 0 ties. Tech Mahindra Ltd. appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Tech Mahindra Ltd. | Dixon Technologies (India) Ltd. | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 25.08 | 39.37 | Tech Mahindra Ltd. |
| Price-to-Book Ratio | 4.38 | 14.43 | Tech Mahindra Ltd. |
| Debt-to-Equity Ratio | 7.27 | 29.66 | Tech Mahindra Ltd. |
| PEG Ratio | 0.67 | -1.72 | Tech Mahindra Ltd. |
| EV/EBITDA | 13.31 | 32.98 | Tech Mahindra Ltd. |
| Profit Margin (TTM) | 8.47% | 3.25% | Tech Mahindra Ltd. |
| Operating Margin (TTM) | 13.83% | 2.96% | Tech Mahindra Ltd. |
| EBITDA Margin (TTM) | 13.83% | 2.96% | Tech Mahindra Ltd. |
| Return on Equity | 16.61% | 31.58% | Dixon Technologies (India) Ltd. |
| Return on Assets (TTM) | 9.52% | 6.53% | Tech Mahindra Ltd. |
| Free Cash Flow (TTM) | $54.76B | $2.10B | Tech Mahindra Ltd. |
| Dividend Yield | 2.85% | 0.07% | Tech Mahindra Ltd. |
| 1-Year Return | -13.85% | -19.32% | Tech Mahindra Ltd. |
| Price-to-Sales Ratio (TTM) | 2.12 | 1.35 | Dixon Technologies (India) Ltd. |
| Enterprise Value | $1,202.34B | $599.19B | Tech Mahindra Ltd. |
| EV/Revenue Ratio | 2.12 | 1.23 | Dixon Technologies (India) Ltd. |
| Gross Profit Margin (TTM) | 36.38% | 7.36% | Tech Mahindra Ltd. |
| Revenue per Share (TTM) | $641 | $8,235 | Dixon Technologies (India) Ltd. |
| Earnings per Share (Diluted) | $54.16 | $274.71 | Dixon Technologies (India) Ltd. |
| Beta (Stock Volatility) | 0.14 | -0.25 | Dixon Technologies (India) Ltd. |
Tech Mahindra Ltd. vs Dixon Technologies (India) Ltd. Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Tech Mahindra Ltd. | -0.25% | -5.17% | 4.02% | 6.43% | -9.51% | -11.33% |
| Dixon Technologies (India) Ltd. | 3.56% | 4.96% | 8.91% | 16.51% | -12.96% | -1.11% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Tech Mahindra Ltd. | -13.85% | 32.68% | 33.48% | 167.02% | 729.19% | 955.07% |
| Dixon Technologies (India) Ltd. | -19.32% | 153.95% | 160.80% | 2,070.59% | 2,070.59% | 2,070.59% |
Performance & Financial Health Analysis: Tech Mahindra Ltd. vs Dixon Technologies (India) Ltd.
| Metric | TECHM | DIXON |
|---|---|---|
| Market Information | ||
| Market Cap | ₹1.20T | ₹656.35B |
| Market Cap Category | Large cap | Large cap |
| 10 Day Avg. Volume | 3,144,448 | 697,316 |
| 90 Day Avg. Volume | 2,651,300 | 771,585 |
| Last Close | ₹1,425.60 | ₹11,957.00 |
| 52 Week Range | ₹1,304.10 - ₹1,854.00 | ₹9,600.00 - ₹18,471.00 |
| % from 52W High | -23.11% | -35.27% |
| All-Time High | ₹1,854.00 (Feb 03, 2026) | ₹19,148.90 (Dec 16, 2024) |
| % from All-Time High | -23.11% | -37.56% |
| Growth Metrics | ||
| Quarterly Revenue Growth | 0.13% | 0.02% |
| Quarterly Earnings Growth | 0.16% | 0.68% |
| Financial Health | ||
| Profit Margin (TTM) | 0.08% | 0.03% |
| Operating Margin (TTM) | 0.14% | 0.03% |
| Return on Equity (TTM) | 0.17% | 0.32% |
| Debt to Equity (MRQ) | 7.27 | 29.66 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | ₹310.38 | ₹749.75 |
| Cash per Share (MRQ) | ₹95.21 | ₹118.70 |
| Operating Cash Flow (TTM) | ₹61.72B | ₹-37,516,400,000 |
| Levered Free Cash Flow (TTM) | ₹48.12B | ₹10.96B |
| Dividends | ||
| Last 12-Month Dividend Yield | 2.85% | 0.07% |
| Last 12-Month Dividend | ₹45.00 | ₹13.00 |
Valuation & Enterprise Metrics Analysis: Tech Mahindra Ltd. vs Dixon Technologies (India) Ltd.
| Metric | TECHM (Apr 24, 2026) | DIXON (Apr 26, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 25.08 | 39.37 |
| Forward P/E | 15.95 | 56.78 |
| PEG Ratio | 0.67 | -1.72 |
| Price to Sales (TTM) | 2.12 | 1.35 |
| Price to Book (MRQ) | 4.38 | 14.43 |
| Market Capitalization | ||
| Market Capitalization | ₹1.20T | ₹656.35B |
| Enterprise Value | ₹1.20T | ₹599.19B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 2.12 | 1.23 |
| Enterprise to EBITDA | 13.31 | 32.98 |
| Risk & Other Metrics | ||
| Beta | 0.14 | -0.25 |
| Book Value per Share (MRQ) | ₹310.38 | ₹749.75 |
Financial Statements Comparison: Tech Mahindra Ltd. vs Dixon Technologies (India) Ltd.
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | TECHM (2026) | DIXON (2025) |
|---|---|---|
| Revenue/Sales | 568.15B | 385.93B |
| Cost of Goods Sold | 365.79B | 359.62B |
| COGS % of Revenue | 64.4% | 93.2% |
| Gross Profit | 202.37B | 26.32B |
| Gross Margin | 35.6% | 6.8% |
| Research & Development | N/A | N/A |
| Operating Income (EBIT) | 71.53B | 12.68B |
| Operating Margin | 12.6% | 3.3% |
| EBITDA | 93.37B | 15.24B |
| EBITDA Margin | 16.4% | 3.9% |
| Pre-Tax Income | 68.46B | 15.70B |
| Pre-Tax Income % of Revenue | 12.0% | 4.1% |
| Income Tax | 17.68B | 3.37B |
| Income Tax % of Revenue | 3.1% | 0.9% |
| Net Income (Profit) | 48.06B | 12.33B |
| Profit Margin | 8.5% | 3.2% |
Balance Sheet & Liquidity Metrics
| Metric | TECHM (2026) | DIXON (2025) |
|---|---|---|
| Cash & Equivalents | 50.46B | 2.28B |
| Total Current Assets | 275.75B | 130.94B |
| Total Current Assets % of Revenue | 48.5% | 33.9% |
| Total Current Liabilities | 144.98B | 125.95B |
| Total Current Liabilities % of Revenue | 25.5% | 32.6% |
| Long-Term Debt | 15.89B | 4.99B |
| Long-Term Debt % of Revenue | 2.8% | 1.3% |
| Total Shareholders Equity | 300.77B | 34.69B |
| Retained Earnings | N/A | 23.74B |
| Retained Earnings % of Revenue | 0.0% | 6.2% |
| Property, Plant & Equipment | 44.06B | 26.78B |
Cash Flow Statement Comparison
| Metric | TECHM (2026) | DIXON (2025) |
|---|---|---|
| Operating Cash Flow | 48.56B | -37.52B |
| Operating Cash Flow % of Revenue | 8.5% | -9.7% |
| Capital Expenditures | -5.46B | 437.60M |
| Free Cash Flow | 54.76B | 2.10B |
| FCF Margin | 9.6% | 0.5% |
| Debt Repayment | 0 | -1.94B |
| Common Stock Repurchase | N/A | N/A |
Short Interest & Institutional Ownership Analysis
| Metric | TECHM | DIXON |
|---|---|---|
| Shares Short | N/A | N/A |
| Short Ratio | N/A | N/A |
| Short % of Float | N/A | N/A |
| Shares Outstanding | 885.61M | 60.69M |
| Float Shares | 537.03M | 33.42M |
| % Held by Insiders | 36.62% | 38.26% |
| % Held by Institutions | 43.69% | 38.06% |
| % Held by Public | 19.69% | 23.68% |
Dividend Analysis & Yield Comparison: Tech Mahindra Ltd. vs Dixon Technologies (India) Ltd.
| Metric | TECHM | DIXON |
|---|---|---|
| Last 12-Month Dividend | ₹45.00 | ₹13.00 |
| Last 12-Month Dividend Yield | 2.85% | 0.07% |
| 3-Year Avg Annual Dividend | ₹44.00 | ₹5.33 |
| 3-Year Avg Dividend Yield | 1.61% | 0.05% |
| 3-Year Total Dividends | ₹132.00 | ₹16.00 |
| Ex-Dividend Date | Oct 20, 2025 | Sep 16, 2025 |