
Dixon Technologies India vs Amber Enterprises India: Share Price, Comparison and Key Differences
Dixon Technologies MCap Rs 86,332 Cr, PE 41.46x, ROE 30.76%, D/E 0.21. Amber Enterprises India MCap Rs 26,151 Cr, PE 115.48x (thin earnings), ROE 4.66%, D/E 0.62.
Updated: 11 Aug 2026 • 1:23 pm
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Dixon Technologies vs Amber Enterprises India is a comparison EMS (Electronics Manufacturing Services) investors look up when evaluating two listed Indian contract electronics manufacturers. Dixon Technologies is India's largest consumer electronics EMS company manufacturing LED TVs, washing machines, mobile phones, set-top boxes, LED lighting and CCTV products for global and domestic brands. Amber Enterprises India is a Rajpura-based EMS company focused on room air conditioner (RAC) OEM manufacturing, sub-components and PCBs for all major AC brands in India. Dixon Technologies vs Amber Enterprises are both PLI-scheme beneficiaries.
This Dixon Technologies India vs Amber Enterprises India article covers reach and market position, key products, latest declared results and stock valuation. The Dixon Technologies India vs Amber Enterprises India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Dixon Technologies India vs Amber Enterprises India: Reach and Market Position
On the Dixon Technologies India side of the Dixon Technologies India vs Amber Enterprises India comparison, Dixon Technologies manufactures for Samsung, Haier, Panasonic, Motorola, Xiaomi and others. Market capitalisation is Rs 86,332 Cr.
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On the Amber Enterprises India side of the Dixon Technologies India vs Amber Enterprises India comparison, Amber Enterprises manufactures complete RACs and sub-components for Daikin, Voltas, Blue Star, LG, Panasonic and other AC brands. Market capitalisation is Rs 26,151 Cr.
Dixon Technologies India vs Amber Enterprises India: Key Products and Business Mix
In the Dixon Technologies India vs Amber Enterprises India product comparison, Dixon Technologies India offers: Dixon earns from LED TV, mobile phone, washing machine, LED lighting and security surveillance product EMS. EPS is Rs 340.53. PE is 41.46x, ROE 30.76 percent, D/E 0.21.
For Amber Enterprises India in this Dixon Technologies India vs Amber Enterprises India breakdown: Amber earns from RAC OEM (complete air conditioners), RAC sub-components (heat exchangers, PCBs) and industrial electronics EMS. EPS is Rs 64.21. PE is 115.48x (thin earnings), ROE 4.66 percent, D/E 0.62.
Dixon Technologies India vs Amber Enterprises India: Latest Results
The Dixon Technologies India vs Amber Enterprises India results for Dixon Technologies India: Dixon Technologies has a market cap of Rs 86,332 Cr and PE of 41.46x. ROE is 30.76 percent – exceptional for an EMS company. Dixon is 3.3 times larger than Amber Enterprises.
The Dixon Technologies India vs Amber Enterprises India results for Amber Enterprises India: Amber Enterprises has a market cap of Rs 26,151 Cr and PE of 115.48x – thin earnings from capacity investment. ROE is 4.66 percent. Amber's PE is elevated from recent capital deployment in new product lines.
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Dixon Technologies India vs Amber Enterprises India: Stock and Valuation
The Dixon Technologies India vs Amber Enterprises India stock comparison uses the latest available market data from Groww. Investors tracking Dixon Technologies India vs Amber Enterprises India should verify current prices on NSE or BSE before trading.
Dixon vs Amber at current valuations: Dixon trades at Rs 86,332 Cr market cap, PE 41.46x, ROE 30.76 percent. Amber trades at Rs 26,151 Cr market cap, PE 115.48x (thin), ROE 4.66 percent. Dixon has a dramatically higher ROE and a much lower PE. Amber's PE is elevated from thin earnings during its capacity expansion phase.
Dixon Technologies India vs Amber Enterprises India: Quick Comparison Table
The Dixon Technologies India vs Amber Enterprises India comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Dixon Technologies India | Amber Enterprises India |
|---|---|---|
| Sector | Diversified EMS: LED TV, mobiles, washing machines, LEDs, CCTVs | AC OEM + sub-components (heat exchangers, PCBs) + industrial electronics |
| Market Cap | Rs 86,332 Cr | Rs 26,151 Cr |
| P/E Ratio | 41.46x | 115.48x (thin earnings) |
| ROE | 30.76% | 4.66% (thin) |
| Debt to Equity | 0.21 | 0.62 |
| PLI Benefit | Mobile phones + LED, IT hardware PLI | AC + components PLI |
| Dividend | 0.07% | None |
Conclusion
The Dixon Technologies India vs Amber Enterprises India comparison above covers the key data points on reach, products, results and valuation. Dixon Technologies vs Amber Enterprises India covers two Indian EMS companies in different product categories. Dixon Technologies is a diversified EMS leader with outstanding ROE across multiple product categories. Amber Enterprises India is an AC-OEM specialist with thin current earnings from investment. Dixon Technologies vs Amber Enterprises India investors should review PLI scheme disbursements, new product wins and margin trajectory. Dixon Technologies vs Amber Enterprises India both benefit from India's electronics manufacturing push. Dixon Technologies vs Amber Enterprises India together represent the two most prominent Indian EMS companies in different segments. Dixon Technologies India vs Amber Enterprises India comparisons matter for investors tracking India's electronics manufacturing buildout. Dixon Technologies India vs Amber Enterprises India both have significant PLI receipts as a tailwind. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Dixon Technologies make?
Ans. Dixon Technologies manufactures consumer electronics for global brands on a contract basis – LED TVs, mobile phones, washing machines, LED lighting fixtures, set-top boxes, CCTV cameras and security surveillance equipment.
What does Amber Enterprises make?
Ans. Amber Enterprises manufactures complete room air conditioners (RACs) on an OEM basis for all major AC brands in India (Voltas, Daikin, Blue Star, LG) and also makes RAC sub-components including heat exchangers, sheet metal components and PCBs.
What is PLI in electronics?
Ans. PLI (Production Linked Incentive) is India's government scheme providing financial incentives (4-6 percent of incremental sales) to electronics manufacturers for production in India. Dixon and Amber are major PLI beneficiaries in the AC and mobile/consumer electronics sectors.
Why is Dixon's ROE so high?
Ans. Dixon's ROE of 30.76 percent reflects its capital-light EMS model – clients own the brand, design and marketing; Dixon provides manufacturing at low capital per unit. This drives high ROE relative to capital employed.
Are Dixon and Amber in Nifty 50?
Ans. Neither is currently in Nifty 50. Dixon is in Nifty 100 and Nifty 500.
Which is larger, Dixon or Amber?
Ans. Dixon Technologies at Rs 86,332 Cr is approximately 3.3 times larger than Amber Enterprises at Rs 26,151 Cr.
Do they pay dividends?
Ans. Dixon pays a very small dividend of 0.07 percent. Amber does not pay dividends currently.
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