Pix Transmission Ltd

Pix Transmission Ltd

₹ 1,528 -0.83%
27 May - 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 product portfolio includes industrial belts, agricultural belts, lawn & garden belts, automotive belts, hi-power rated belts, power-ware products, and various accessories. [1]
The company has a large number of SKUs and sells more than 80% of the products under its own Brand Name and largely in after sales market.

  • Market Cap 2,082 Cr.
  • Current Price 1,528
  • High / Low 1,718 / 1,220
  • Stock P/E 19.5
  • Book Value 511
  • Dividend Yield 0.59 %
  • ROCE 21.8 %
  • ROE 16.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 8.90% over past five years.
  • Working capital days have increased from 152 days to 228 days

* 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
134 112 124 128 129 130 160 140 163 122 139 151 171
102 87 93 96 98 95 109 106 129 94 104 108 140
Operating Profit 33 25 31 32 31 34 52 34 33 28 34 44 31
OPM % 24% 23% 25% 25% 24% 27% 32% 24% 21% 23% 25% 29% 18%
0 3 4 5 7 9 9 4 4 14 5 9 6
Interest 2 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 6 6 6 6 6 6 6 6 5 6 6 6 6
Profit before tax 25 22 28 30 31 36 54 31 31 35 32 46 31
Tax % 25% 26% 26% 28% 21% 24% 25% 29% 26% 21% 27% 23% 34%
19 16 21 22 24 27 41 22 23 28 24 35 20
EPS in Rs 14.02 11.62 15.19 16.17 17.93 20.15 29.75 16.33 16.62 20.45 17.28 25.88 14.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
212 224 239 253 295 304 380 449 486 493 589 582
175 186 192 195 236 243 268 334 382 373 426 429
Operating Profit 37 38 48 58 59 61 113 115 105 120 163 153
OPM % 17% 17% 20% 23% 20% 20% 30% 26% 22% 24% 28% 26%
3 3 6 5 7 7 4 8 13 19 17 17
Interest 20 19 16 14 12 12 9 8 8 6 4 3
Depreciation 13 13 13 15 16 19 20 21 23 23 24 23
Profit before tax 6 10 24 34 38 37 87 95 87 111 153 144
Tax % 40% 33% 34% 33% 25% 19% 26% 27% 25% 25% 26% 26%
4 7 16 23 29 30 65 69 65 83 113 107
EPS in Rs 2.87 4.80 11.93 16.56 20.97 22.19 47.63 50.52 47.57 60.91 82.85 78.45
Dividend Payout % 35% 31% 17% 15% 13% 9% 10% 12% 13% 11% 11% 11%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 6%
TTM: -1%
Compounded Profit Growth
10 Years: 32%
5 Years: 10%
3 Years: 18%
TTM: -5%
Stock Price CAGR
10 Years: 41%
5 Years: 29%
3 Years: 17%
1 Year: -2%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 18%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 136 138 157 175 200 223 286 351 404 479 582 683
134 125 128 105 113 101 74 118 72 44 35 24
45 53 56 59 57 63 66 72 88 100 99 109
Total Liabilities 329 330 355 353 385 400 440 555 579 637 730 830
167 173 174 187 199 219 226 259 273 276 267 269
CWIP 0 6 5 0 10 0 0 0 1 2 2 3
Investments 13 14 23 11 8 7 4 5 5 75 128 200
149 137 153 155 168 174 209 291 299 284 334 358
Total Assets 329 330 355 353 385 400 440 555 579 637 730 830

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
32 64 27 31 47 52 58 55 112 137 108 171
-29 -26 -15 -14 -34 -28 -16 -72 -22 -88 -78 -89
-6 -30 -13 -25 -10 -19 -43 31 -69 -46 -27 -33
Net Cash Flow -4 8 -1 -7 3 5 -2 14 21 3 3 49
Free Cash Flow 1 39 29 8 9 22 36 -15 88 111 89 148
CFO/OP 86% 168% 68% 71% 102% 101% 72% 68% 129% 135% 91% 135%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 84 86 93 94 84 81 78 78 79 81 75 85
Inventory Days 282 178 246 284 238 255 262 264 207 196 214 182
Days Payable 72 85 111 92 65 75 81 58 47 62 49 47
Cash Conversion Cycle 294 179 228 285 257 260 259 284 240 215 240 220
Working Capital Days 20 -8 10 51 56 56 103 108 119 112 116 228
ROCE % 10% 10% 14% 16% 16% 15% 27% 24% 19% 23% 27% 22%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Workforce Size (Number of Workers in Nagpur)
Employees ・Standalone data
Number of Dealers/Distributors
Count
Global Presence (Number of Countries Served)
Countries
Consumer Complaints Received
Count ・Standalone data
Solar Power Capacity (Under Implementation)
MW ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 62.06% 62.06%
0.55% 0.23% 0.24% 0.27% 0.33% 0.26% 0.92% 0.80% 1.03% 0.94% 0.98% 0.41%
0.36% 3.71% 5.23% 5.23% 5.23% 0.22% 0.76% 0.57% 0.56% 0.67% 1.55% 2.51%
37.27% 34.24% 32.71% 32.69% 32.62% 37.71% 36.50% 36.79% 36.58% 36.57% 35.41% 35.02%
No. of Shareholders 23,63724,34523,63523,59823,34027,77035,73936,51032,00931,15629,42328,244

* 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.

Click on the line-items to see the names of individual entities.

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