Pix Transmission Ltd

Pix Transmission Ltd

₹ 1,348 -2.66%
19 Apr - 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] 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]

  • Market Cap 1,837 Cr.
  • Current Price 1,348
  • High / Low 1,570 / 750
  • Stock P/E 25.5
  • Book Value 303
  • Dividend Yield 0.45 %
  • ROCE 17.9 %
  • ROE 15.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 20.7% 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
103 111 94 110 103 111 110 111 104 126 102 115 120
75 79 68 80 78 88 89 90 84 97 79 85 90
Operating Profit 28 32 25 30 25 23 21 21 19 30 23 29 30
OPM % 27% 29% 27% 27% 25% 21% 19% 19% 19% 23% 23% 26% 25%
2 1 2 2 2 2 6 6 1 0 3 4 5
Interest 2 2 2 2 2 2 2 2 2 2 1 1 1
Depreciation 5 5 5 5 5 5 6 6 6 6 6 6 6
Profit before tax 23 26 21 25 20 18 20 19 13 22 20 26 29
Tax % 23% 26% 26% 25% 29% 26% 25% 26% 24% 25% 27% 25% 26%
18 20 16 19 14 13 15 14 10 17 14 20 21
EPS in Rs 12.93 14.38 11.52 13.70 10.58 9.72 10.75 10.34 7.32 12.23 10.58 14.32 15.63
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
211 226 187 196 208 223 239 276 283 354 417 450 463
166 187 155 161 174 178 184 218 227 247 312 358 350
Operating Profit 45 39 33 35 34 45 55 58 57 107 105 92 112
OPM % 21% 17% 17% 18% 16% 20% 23% 21% 20% 30% 25% 20% 24%
2 140 4 3 3 6 5 7 7 4 8 14 13
Interest 26 20 17 20 18 16 14 12 12 9 8 8 6
Depreciation 20 13 13 12 12 12 14 15 19 20 20 23 23
Profit before tax 1 145 7 6 7 23 33 38 33 82 84 74 97
Tax % 22% 27% -14% 43% 45% 35% 34% 24% 20% 25% 26% 25%
1 107 8 3 4 15 21 29 27 61 62 55 72
EPS in Rs 0.48 78.19 5.60 2.53 2.69 10.97 15.76 20.95 19.68 44.87 45.52 40.65 52.76
Dividend Payout % 0% 6% 27% 39% 56% 18% 16% 13% 10% 11% 13% 15%
Compounded Sales Growth
10 Years: 7%
5 Years: 14%
3 Years: 17%
TTM: 7%
Compounded Profit Growth
10 Years: 21%
5 Years: 21%
3 Years: 27%
TTM: 38%
Stock Price CAGR
10 Years: 44%
5 Years: 51%
3 Years: 54%
1 Year: 73%
Return on Equity
10 Years: 13%
5 Years: 17%
3 Years: 19%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 30 132 137 139 140 156 174 199 219 277 332 375 399
Preference Capital 11 5 0 0 0 0 0 0 0 0 0 0
220 81 116 129 124 127 104 113 101 74 118 68 52
83 110 59 46 47 54 57 53 61 64 68 82 101
Total Liabilities 346 337 325 328 325 351 349 378 395 429 531 540 565
172 100 139 164 170 172 186 198 219 225 258 273 273
CWIP 0 15 7 0 6 5 0 10 0 0 0 1 2
Investments 2 1 16 14 15 24 12 9 8 5 6 6 46
172 220 164 150 133 151 151 161 168 198 268 260 245
Total Assets 346 337 325 328 325 351 349 378 395 429 531 540 565

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
29 141 31 33 56 28 32 45 50 58 54 101
-20 44 -58 -29 -25 -14 -13 -34 -27 -16 -72 -22
-8 -161 12 -7 -24 -14 -24 -10 -19 -43 31 -69
Net Cash Flow -0 24 -14 -3 7 -1 -6 2 4 -1 13 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 74 96 109 111 106 114 114 103 107 94 84 85
Inventory Days 244 169 198 240 166 173 227 186 192 217 224 164
Days Payable 156 110 126 80 73 90 83 50 72 77 54 43
Cash Conversion Cycle 163 156 181 270 199 197 258 239 227 234 254 206
Working Capital Days 127 112 153 161 133 138 148 146 133 139 152 132
ROCE % 10% 13% 9% 9% 9% 13% 16% 16% 14% 26% 22% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.73% 61.76% 61.78% 61.78% 61.79% 61.80% 61.80% 61.82% 61.82% 61.82% 61.82% 61.82%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.21% 0.55% 0.23% 0.24% 0.27%
0.01% 0.03% 0.23% 0.32% 0.36% 0.36% 0.36% 0.41% 0.36% 3.71% 5.23% 5.23%
38.21% 38.16% 37.94% 37.85% 37.79% 37.78% 37.78% 37.57% 37.27% 34.24% 32.71% 32.69%
No. of Shareholders 13,97119,50919,24023,46523,64424,09423,86523,78323,63724,34523,63523,598

* 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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