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.

Website BSE NSE

Market Cap ₹ 2,082 Cr.
Current Price ₹ 1,528
High / Low ₹ 1,718 / 1,220
Stock P/E 22.6
Book Value ₹ 467
Dividend Yield 0.59 %
ROCE 20.4 %
ROE 15.5 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

The company has delivered a poor sales growth of 8.42% over past five years.
Working capital days have increased from 148 days to 232 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.

Peer comparison

Industrials Capital Goods Industrial Products Rubber

Part of BSE Industrials BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	126	102	115	120	118	120	151	135	150	111	126	139	155
	97	79	85	90	88	88	104	101	121	87	97	100	130
Operating Profit	30	23	29	30	30	32	47	34	29	23	28	39	25
OPM %	23%	23%	26%	25%	25%	27%	31%	25%	19%	21%	23%	28%	16%
	0	3	4	5	7	9	10	4	4	14	5	9	7
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	5
Profit before tax	22	20	26	29	30	34	50	31	26	31	27	41	26
Tax %	25%	27%	25%	26%	20%	24%	25%	27%	27%	21%	29%	23%	34%
	17	14	20	21	24	26	38	23	19	24	19	32	17
EPS in Rs	12.23	10.58	14.32	15.63	17.59	18.91	27.65	16.59	14.17	17.92	13.97	23.22	12.47
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	196	208	223	239	276	283	354	417	450	455	552	530
	161	174	178	184	218	227	247	312	358	341	400	398
Operating Profit	35	34	45	55	58	57	107	105	92	114	152	132
OPM %	18%	16%	20%	23%	21%	20%	30%	25%	20%	25%	28%	25%
	3	3	6	5	7	7	4	8	14	19	17	18
Interest	20	18	16	14	12	12	9	8	8	5	4	3
Depreciation	12	12	12	14	15	19	20	20	23	22	23	23
Profit before tax	6	7	23	33	38	33	82	84	74	104	142	125
Tax %	43%	45%	35%	34%	24%	20%	25%	26%	25%	24%	26%	26%
	3	4	15	21	29	27	61	62	55	79	105	92
EPS in Rs	2.53	2.69	10.97	15.76	20.95	19.68	44.87	45.52	40.65	58.13	77.33	67.58
Dividend Payout %	39%	56%	18%	16%	13%	10%	11%	13%	15%	12%	12%	0%

Compounded Sales Growth
10 Years:	10%
5 Years:	8%
3 Years:	6%
TTM:	-4%

Compounded Profit Growth
10 Years:	38%
5 Years:	8%
3 Years:	18%
TTM:	-13%

Stock Price CAGR
10 Years:	41%
5 Years:	29%
3 Years:	17%
1 Year:	-2%

Return on Equity
10 Years:	17%
5 Years:	18%
3 Years:	18%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	139	140	156	174	199	219	277	332	375	446	542	622
	129	124	127	104	113	101	74	118	72	44	35	24
	46	47	54	57	53	61	64	68	82	96	95	105
Total Liabilities	328	325	351	349	378	395	429	531	543	599	686	765
	164	170	172	186	198	219	225	258	273	274	265	268
CWIP	0	6	5	0	10	0	0	0	1	2	2	3
Investments	14	15	24	12	9	8	5	6	6	76	129	201
	150	133	151	151	161	168	198	268	264	248	290	293
Total Assets	328	325	351	349	378	395	429	531	543	599	686	765

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	33	56	28	32	45	50	58	54	101	133	109	150
	-29	-25	-14	-13	-34	-27	-16	-72	-22	-85	-77	-88
	-7	-24	-14	-24	-10	-19	-43	31	-69	-46	-27	-33
Net Cash Flow	-3	7	-1	-6	2	4	-1	13	10	2	5	29
Free Cash Flow	2	32	13	9	8	22	36	-16	78	109	90	127
CFO/OP	94%	168%	73%	75%	101%	104%	74%	72%	133%	136%	96%	138%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	111	106	114	114	103	107	94	84	85	83	73	85
Inventory Days	240	166	173	227	186	192	217	224	171	178	183	152
Days Payable	80	73	90	83	50	72	77	54	45	64	46	45
Cash Conversion Cycle	270	199	197	258	239	227	234	254	211	198	210	192
Working Capital Days	21	-3	11	52	59	59	103	102	116	108	105	232
ROCE %	9%	9%	13%	16%	16%	14%	26%	22%	18%	23%	27%	20%

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

Export Contribution to Revenue
%

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Workforce Size (Number of Workers in Nagpur)
Employees

Number of Dealers/Distributors
Count

Global Presence (Number of Countries Served)
Countries

Consumer Complaints Received
Count

Solar Power Capacity (Under Implementation)
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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	23,637	24,345	23,635	23,598	23,340	27,770	35,739	36,510	32,009	31,156	29,423	28,244

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	60.89%	61.05%	61.12%	61.54%	61.73%	61.78%	61.82%	61.82%	61.82%	62.06%
	0.00%	0.00%	0.81%	1.43%	0.00%	0.05%	0.21%	0.27%	0.80%	0.41%
	0.02%	0.02%	0.01%	0.02%	0.02%	0.32%	0.41%	5.23%	0.57%	2.51%
	39.09%	38.94%	38.05%	37.02%	38.26%	37.85%	37.57%	32.69%	36.79%	35.02%
No. of Shareholders	16,972	18,523	13,760	12,900	12,521	23,465	23,783	23,598	36,510	28,244

* 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.

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Pix Transmission Ltd

Pix Transmission Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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