Pix Transmission Ltd

Pix Transmission Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pix Transmission Ltd

₹ 1,329 2.45%
29 Nov - close price
pixtrans.com BSE: 500333 NSE : PIXTRANS
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] The 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]

Website BSE NSE
  • Market Cap ₹ 1,812 Cr.
  • Current Price ₹ 1,329
  • High / Low ₹ 1,569 / 702
  • Stock P/E 26.9
  • Book Value ₹ 326
  • Dividend Yield 0.45 %
  • ROCE 19.5 %
  • ROE 16.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 23.3% 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.

Peer comparison

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
102 108 121 99 116 109 125 120 119 112 134 112 124
69 79 86 73 84 81 97 95 95 90 102 87 93
Operating Profit 32 29 35 26 31 28 28 25 24 22 33 25 31
OPM % 32% 27% 29% 27% 27% 26% 22% 21% 20% 20% 24% 23% 25%
1 2 1 2 1 2 3 6 6 1 0 3 4
Interest 2 2 2 2 2 2 2 2 2 2 2 1 1
Depreciation 5 5 5 5 5 5 5 6 6 6 6 6 6
Profit before tax 26 24 30 22 26 23 23 24 22 15 25 22 28
Tax % 25% 23% 26% 25% 24% 26% 34% 25% 26% 24% 25% 26% 26%
20 18 22 16 20 17 15 18 16 12 19 16 21
EPS in Rs 14.32 13.48 16.09 12.10 14.50 12.56 11.35 12.98 11.90 8.68 14.02 11.62 15.19
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
212 227 200 212 224 239 253 295 304 380 449 486 483
165 189 167 175 186 192 195 236 243 268 334 382 371
Operating Profit 48 39 33 37 38 48 58 59 61 113 115 105 111
OPM % 22% 17% 17% 17% 17% 20% 23% 20% 20% 30% 26% 22% 23%
1 139 4 3 3 6 5 7 7 4 8 13 8
Interest 26 20 17 20 19 16 14 12 12 9 8 8 7
Depreciation 20 13 14 13 13 13 15 16 19 20 21 23 23
Profit before tax 3 145 7 6 10 24 34 38 37 87 95 87 90
Tax % 7% 27% -15% 40% 33% 34% 33% 25% 19% 26% 27% 25%
3 106 8 4 7 16 23 29 30 65 69 65 67
EPS in Rs 1.99 77.83 5.52 2.87 4.80 11.93 16.56 20.97 22.19 47.63 50.52 47.57 49.51
Dividend Payout % 0% 6% 27% 35% 31% 17% 15% 13% 9% 10% 12% 13%
Compounded Sales Growth
10 Years: 8%
5 Years: 14%
3 Years: 17%
TTM: 2%
Compounded Profit Growth
10 Years: 24%
5 Years: 23%
3 Years: 28%
TTM: 1%
Stock Price CAGR
10 Years: 44%
5 Years: 46%
3 Years: 83%
1 Year: 47%
Return on Equity
10 Years: 14%
5 Years: 18%
3 Years: 20%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 31 131 135 136 138 157 175 200 223 286 351 404 430
Preference Capital 11 5 0 0 0 0 0 0 0 0 0 0
220 91 118 134 125 128 105 113 101 74 118 68 52
79 101 111 45 53 56 59 57 63 66 72 88 105
Total Liabilities 343 337 377 329 330 355 353 385 400 440 555 575 601
173 100 142 167 173 174 187 199 219 226 259 273 274
CWIP 0 15 7 0 6 5 0 10 0 0 0 1 2
Investments 1 1 15 13 14 23 11 8 7 4 5 5 44
169 220 213 149 137 153 155 168 174 209 291 296 280
Total Assets 343 337 377 329 330 355 353 385 400 440 555 575 601

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28 142 45 32 64 27 31 47 52 58 55 112
-21 44 -61 -29 -26 -15 -14 -34 -28 -16 -72 -22
-7 -162 3 -6 -30 -13 -25 -10 -19 -43 31 -69
Net Cash Flow 0 24 -13 -4 8 -1 -7 3 5 -2 14 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 94 103 84 86 93 94 84 81 78 78 79
Inventory Days 254 171 214 282 178 246 284 238 255 262 264 200
Days Payable 156 81 164 72 85 111 92 65 75 81 58 45
Cash Conversion Cycle 170 185 153 294 179 228 285 257 260 259 284 234
Working Capital Days 134 126 66 150 118 128 142 138 125 136 154 134
ROCE % 11% 12% 9% 10% 10% 14% 16% 16% 15% 27% 24% 20%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
61.68% 61.73% 61.73% 61.76% 61.78% 61.78% 61.79% 61.80% 61.80% 61.82% 61.82% 61.82%
0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.21% 0.55% 0.23%
0.02% 0.02% 0.01% 0.03% 0.23% 0.32% 0.36% 0.36% 0.36% 0.41% 0.36% 3.71%
38.31% 38.26% 38.21% 38.16% 37.94% 37.85% 37.79% 37.78% 37.78% 37.57% 37.27% 34.24%
No. of Shareholders 12,76312,52113,97119,50919,24023,46523,64424,09423,86523,78323,63724,345

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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