Pix Transmission Ltd

Pix Transmission Ltd

₹ 1,668 3.38%
30 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 2,274 Cr.
  • Current Price 1,668
  • High / Low 2,800 / 1,185
  • Stock P/E 21.6
  • Book Value 407
  • Dividend Yield 0.42 %
  • ROCE 26.6 %
  • ROE 20.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 31.1% 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
111 110 111 104 126 102 115 120 118 119 150 134 149
88 89 90 84 97 79 85 90 88 88 104 101 121
Operating Profit 23 21 21 19 30 23 29 30 30 31 46 33 28
OPM % 21% 19% 19% 19% 23% 23% 26% 25% 25% 26% 31% 25% 19%
2 6 6 1 0 3 4 5 7 9 11 5 5
Interest 2 2 2 2 2 1 1 1 1 1 1 1 1
Depreciation 5 6 6 6 6 6 6 6 6 6 6 6 5
Profit before tax 18 20 19 13 22 20 26 29 30 34 50 31 26
Tax % 26% 25% 26% 24% 25% 27% 25% 26% 20% 24% 25% 27% 27%
13 15 14 10 17 14 20 21 24 26 38 23 19
EPS in Rs 9.72 10.75 10.34 7.32 12.23 10.58 14.32 15.63 17.59 18.91 27.65 16.59 14.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
187 196 208 223 239 276 283 354 417 450 455 552
155 161 174 178 184 218 227 247 312 358 341 402
Operating Profit 33 35 34 45 55 58 57 107 105 92 114 151
OPM % 17% 18% 16% 20% 23% 21% 20% 30% 25% 20% 25% 27%
4 3 3 6 5 7 7 4 8 14 19 18
Interest 17 20 18 16 14 12 12 9 8 8 5 4
Depreciation 13 12 12 12 14 15 19 20 20 23 22 23
Profit before tax 7 6 7 23 33 38 33 82 84 74 104 142
Tax % -14% 43% 45% 35% 34% 24% 20% 25% 26% 25% 24% 26%
8 3 4 15 21 29 27 61 62 55 79 105
EPS in Rs 5.60 2.53 2.69 10.97 15.76 20.95 19.68 44.87 45.52 40.65 58.13 77.33
Dividend Payout % 27% 39% 56% 18% 16% 13% 10% 11% 13% 15% 12% 12%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 10%
TTM: 21%
Compounded Profit Growth
10 Years: 41%
5 Years: 31%
3 Years: 19%
TTM: 33%
Stock Price CAGR
10 Years: 44%
5 Years: 74%
3 Years: 26%
1 Year: 27%
Return on Equity
10 Years: 16%
5 Years: 19%
3 Years: 18%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 137 139 140 156 174 199 219 277 332 375 446 542
116 129 124 127 104 113 101 74 118 72 44 35
59 46 47 54 57 53 61 64 68 82 96 95
Total Liabilities 325 328 325 351 349 378 395 429 531 543 599 686
139 164 170 172 186 198 219 225 258 273 274 265
CWIP 7 0 6 5 0 10 0 0 0 1 2 2
Investments 16 14 15 24 12 9 8 5 6 6 76 129
164 150 133 151 151 161 168 198 268 264 248 290
Total Assets 325 328 325 351 349 378 395 429 531 543 599 686

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
31 33 56 28 32 45 50 58 54 101 133 109
-58 -29 -25 -14 -13 -34 -27 -16 -72 -22 -85 -77
12 -7 -24 -14 -24 -10 -19 -43 31 -69 -46 -27
Net Cash Flow -14 -3 7 -1 -6 2 4 -1 13 10 2 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 109 111 106 114 114 103 107 94 84 85 83 73
Inventory Days 198 240 166 173 227 186 192 217 224 171 178 176
Days Payable 126 80 73 90 83 50 72 77 54 45 64 44
Cash Conversion Cycle 181 270 199 197 258 239 227 234 254 211 198 205
Working Capital Days 153 161 133 138 148 146 133 139 152 135 117 198
ROCE % 9% 9% 9% 13% 16% 16% 14% 26% 22% 18% 23% 27%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
61.79% 61.80% 61.80% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82% 61.82%
0.05% 0.05% 0.05% 0.21% 0.55% 0.23% 0.24% 0.27% 0.33% 0.26% 0.92% 0.80%
0.36% 0.36% 0.36% 0.41% 0.36% 3.71% 5.23% 5.23% 5.23% 0.22% 0.76% 0.57%
37.79% 37.78% 37.78% 37.57% 37.27% 34.24% 32.71% 32.69% 32.62% 37.71% 36.50% 36.79%
No. of Shareholders 23,64424,09423,86523,78323,63724,34523,63523,59823,34027,77035,73936,510

* 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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