“Sandip Sabharwal is cautious on high-valuation EMS players like Dixon Technologies, stating that current valuations of 50-60 times earnings are not justified. He questions the quality and sustainability of growth, citing reliance on PLI benefits, other income, and a recent cut in mobile phone production guidance, suggesting that as PLI benefits wind down, growth will be challenging.”

Sandip Sabharwal’s track record: 8 graded calls · 95% CI 22–78%