Pix Transmission Ltd

₹ 911 3.47%
25 Nov - close price
About

PIX Transmissions Ltd. is the leading manufacturer of Belts and related mechanical Power Transmission products in India. The Company features state-of-the-art Belt manufacturing units as well as an ultra-sophisticated, automated Rubber Mixing facility. [1]

Key Points

Product Portfolio
The company's product portfolio includes Industrial belts, agricultural belts, lawn & garden belts, Automotive belts, hi-power rated belts, power-ware products and various accessories as well. [1]
It products are used in various machinery and thus find applications in diverse industries viz. automotive, agriculture, ceramic, cold storage, food processing, domestic appliance, cement, machine tools, oil and gas, packaging, paper, pharmaceutical, steel, textile and many more. [2]

  • Market Cap 1,241 Cr.
  • Current Price 911
  • High / Low 1,175 / 700
  • Stock P/E 18.7
  • Book Value 286
  • Dividend Yield 0.66 %
  • ROCE 24.0 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 34.1% CAGR over last 5 years

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
75 84 85 60 102 108 121 99 116 109 125 120 119
62 69 68 46 69 79 86 73 84 81 97 95 95
Operating Profit 13 15 17 13 32 29 35 26 31 28 28 25 24
OPM % 17% 18% 20% 22% 32% 27% 29% 27% 27% 26% 22% 21% 20%
2 2 3 2 1 2 1 2 1 2 3 6 6
Interest 3 3 3 2 2 2 2 2 2 2 2 2 2
Depreciation 4 4 6 5 5 5 5 5 5 5 5 6 6
Profit before tax 8 10 11 8 26 24 30 22 26 23 23 24 22
Tax % -2% 22% 24% 34% 25% 23% 26% 25% 24% 26% 34% 25% 26%
Net Profit 8 8 8 5 20 18 22 16 20 17 15 18 16
EPS in Rs 5.88 5.68 6.22 3.74 14.32 13.48 16.09 12.10 14.50 12.56 11.36 12.98 11.90
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
227 212 227 200 212 224 239 253 295 304 380 449 474
181 165 189 167 175 186 192 195 236 243 268 334 368
Operating Profit 46 48 39 33 37 38 48 58 59 61 113 115 106
OPM % 20% 22% 17% 17% 17% 17% 20% 23% 20% 20% 30% 26% 22%
0 1 139 4 3 3 6 5 7 7 4 8 16
Interest 22 26 20 17 20 19 16 14 12 12 9 8 7
Depreciation 20 20 13 14 13 13 13 15 16 19 20 21 22
Profit before tax 4 3 145 7 6 10 24 34 38 37 87 95 92
Tax % 57% 7% 27% -15% 40% 33% 34% 33% 25% 19% 26% 27%
Net Profit 2 3 106 8 4 7 16 23 29 30 65 69 66
EPS in Rs 1.47 1.99 77.83 5.52 2.87 4.80 11.93 16.56 20.97 22.19 47.63 50.52 48.80
Dividend Payout % 51% 0% 6% 27% 35% 31% 17% 15% 13% 9% 10% 12%
Compounded Sales Growth
10 Years: 8%
5 Years: 13%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: 38%
5 Years: 34%
3 Years: 34%
TTM: -13%
Stock Price CAGR
10 Years: 31%
5 Years: 39%
3 Years: 97%
1 Year: 20%
Return on Equity
10 Years: 13%
5 Years: 18%
3 Years: 20%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
24 24 18 14 14 14 14 14 14 14 14 14 14
Reserves 23 31 131 135 136 138 157 175 200 223 286 351 376
209 220 91 118 134 125 128 105 113 101 74 118 99
86 79 101 111 45 53 56 59 57 63 66 72 77
Total Liabilities 330 343 337 377 329 330 355 353 385 400 440 555 566
189 173 100 142 167 173 174 187 199 219 226 259 276
CWIP 0 0 15 7 0 6 5 0 10 0 0 0 0
Investments 1 1 1 15 13 14 23 11 8 7 4 5 5
140 169 220 213 149 137 153 155 168 174 209 291 284
Total Assets 330 343 337 377 329 330 355 353 385 400 440 555 566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
42 28 142 45 32 64 27 31 47 52 58 55
-28 -21 44 -61 -29 -26 -15 -14 -34 -28 -16 -72
-12 -7 -162 3 -6 -30 -13 -25 -10 -19 -43 32
Net Cash Flow 2 0 24 -13 -4 8 -1 -7 3 5 -2 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 65 72 94 103 84 86 93 94 84 81 78 78
Inventory Days 194 254 171 214 282 178 246 284 238 255 262 269
Days Payable 158 156 81 164 72 85 111 92 65 75 81 59
Cash Conversion Cycle 101 170 185 153 294 179 228 285 257 260 259 288
Working Capital Days 103 134 126 66 150 118 128 142 138 125 136 154
ROCE % 10% 11% 12% 9% 10% 10% 14% 16% 16% 15% 27% 24%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
61.30 61.54 61.56 61.64 61.68 61.73 61.73 61.76 61.78 61.78 61.79 61.80
1.43 1.43 1.43 1.04 0.00 0.00 0.05 0.05 0.05 0.05 0.05 0.05
0.05 0.02 0.02 0.01 0.02 0.02 0.01 0.03 0.23 0.32 0.36 0.36
37.22 37.02 36.99 37.31 38.31 38.26 38.21 38.16 37.94 37.85 37.79 37.78

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