Pix Transmission Ltd

₹ 811 -2.32%
01 Jul - 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 1,106 Cr.
  • Current Price 811
  • High / Low 1,175 / 638
  • Stock P/E 17.8
  • Book Value 254
  • Dividend Yield 0.74 %
  • ROCE 22.3 %
  • ROE 19.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 33.62% 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
70 72 79 77 55 95 103 111 98 116 103 111
56 59 65 63 41 64 75 79 72 86 78 88
Operating Profit 14 13 14 14 14 31 28 32 25 30 25 23
OPM % 21% 18% 17% 19% 25% 32% 27% 29% 26% 26% 25% 21%
1 2 2 3 2 1 2 1 2 2 2 2
Interest 3 3 3 3 2 2 2 2 2 2 2 2
Depreciation 4 4 4 6 5 5 5 5 5 5 5 5
Profit before tax 8 7 9 9 8 24 23 26 21 25 20 18
Tax % 29% -2% 25% 24% 31% 26% 23% 26% 26% 25% 29% 26%
Net Profit 6 8 7 7 6 18 18 20 16 19 14 13
EPS in Rs 4.35 5.57 4.87 4.89 4.22 13.34 12.93 14.38 11.52 13.70 10.58 9.72

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
214 211 226 187 196 208 223 239 276 283 354 417
175 166 187 155 161 174 178 184 218 227 247 312
Operating Profit 38 45 39 33 35 34 45 55 58 57 107 105
OPM % 18% 21% 17% 17% 18% 16% 20% 23% 21% 20% 30% 25%
10 2 140 4 3 3 6 5 7 7 4 8
Interest 22 26 20 17 20 18 16 14 12 12 9 8
Depreciation 20 20 13 13 12 12 12 14 15 19 20 20
Profit before tax 6 1 145 7 6 7 23 33 38 33 82 84
Tax % 41% 22% 27% -14% 43% 45% 35% 34% 24% 20% 25% 26%
Net Profit 4 1 107 8 3 4 15 21 29 27 61 62
EPS in Rs 2.82 0.48 78.19 5.60 2.53 2.69 10.97 15.76 20.95 19.68 44.87 45.52
Dividend Payout % 27% 0% 6% 27% 39% 56% 18% 16% 13% 10% 11% 13%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 15%
TTM: 18%
Compounded Profit Growth
10 Years: 53%
5 Years: 34%
3 Years: 30%
TTM: 0%
Stock Price CAGR
10 Years: 36%
5 Years: 40%
3 Years: 65%
1 Year: 28%
Return on Equity
10 Years: 13%
5 Years: 17%
3 Years: 19%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
24 24 18 14 14 14 14 14 14 14 14 14
Reserves 29 30 132 137 139 140 156 174 199 219 277 332
205 220 81 116 129 124 127 104 113 101 74 118
85 83 110 59 46 47 54 57 53 61 64 68
Total Liabilities 333 346 337 325 328 325 351 349 378 395 429 531
189 172 100 139 164 170 172 186 198 219 225 258
CWIP 4 0 15 7 0 6 5 0 10 0 0 0
Investments 2 2 1 16 14 15 24 12 9 8 5 6
138 172 220 164 150 133 151 151 161 168 198 268
Total Assets 333 346 337 325 328 325 351 349 378 395 429 531

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
44 29 141 31 33 56 28 32 45 50 58 53
-28 -20 44 -58 -29 -25 -14 -13 -34 -27 -16 -72
-14 -8 -161 12 -7 -24 -14 -24 -10 -19 -43 32
Net Cash Flow 3 -0 24 -14 -3 7 -1 -6 2 4 -1 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 72 74 96 109 111 106 114 114 103 107 94 84
Inventory Days 201 244 169 198 240 166 173 227 186 192 217 227
Days Payable 157 156 110 126 80 73 90 83 50 72 77 55
Cash Conversion Cycle 115 163 156 181 270 199 197 258 239 227 234 256
Working Capital Days 99 127 112 153 161 133 138 148 146 133 139 152
ROCE % 11% 10% 13% 9% 9% 9% 13% 16% 16% 14% 26% 22%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
61.18 61.21 61.30 61.54 61.56 61.64 61.68 61.73 61.73 61.76 61.78 61.78
1.35 1.35 1.43 1.43 1.43 1.04 0.00 0.00 0.05 0.05 0.05 0.05
0.02 0.02 0.05 0.02 0.02 0.01 0.02 0.02 0.01 0.03 0.23 0.32
37.45 37.42 37.22 37.02 36.99 37.31 38.31 38.26 38.21 38.16 37.94 37.85

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