Pix Transmission Ltd
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]
- Market Cap ₹ 1,963 Cr.
- Current Price ₹ 1,440
- High / Low ₹ 2,800 / 1,220
- Stock P/E 17.3
- Book Value ₹ 438
- Dividend Yield 0.62 %
- ROCE 26.9 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
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.
Peer comparison
Industrials Capital Goods Industrial Products Rubber
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
200 | 212 | 224 | 239 | 253 | 295 | 304 | 380 | 449 | 486 | 493 | 589 | 583 | |
167 | 175 | 186 | 192 | 195 | 236 | 243 | 268 | 334 | 382 | 373 | 426 | 438 | |
Operating Profit | 33 | 37 | 38 | 48 | 58 | 59 | 61 | 113 | 115 | 105 | 120 | 163 | 145 |
OPM % | 17% | 17% | 17% | 20% | 23% | 20% | 20% | 30% | 26% | 22% | 24% | 28% | 25% |
4 | 3 | 3 | 6 | 5 | 7 | 7 | 4 | 8 | 13 | 19 | 17 | 33 | |
Interest | 17 | 20 | 19 | 16 | 14 | 12 | 12 | 9 | 8 | 8 | 6 | 4 | 3 |
Depreciation | 14 | 13 | 13 | 13 | 15 | 16 | 19 | 20 | 21 | 23 | 23 | 24 | 23 |
Profit before tax | 7 | 6 | 10 | 24 | 34 | 38 | 37 | 87 | 95 | 87 | 111 | 153 | 152 |
Tax % | -15% | 40% | 33% | 34% | 33% | 25% | 19% | 26% | 27% | 25% | 25% | 26% | |
8 | 4 | 7 | 16 | 23 | 29 | 30 | 65 | 69 | 65 | 83 | 113 | 113 | |
EPS in Rs | 5.52 | 2.87 | 4.80 | 11.93 | 16.56 | 20.97 | 22.19 | 47.63 | 50.52 | 47.57 | 60.91 | 82.85 | 83.15 |
Dividend Payout % | 27% | 35% | 31% | 17% | 15% | 13% | 9% | 10% | 12% | 13% | 11% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 14% |
3 Years: | 9% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 40% |
5 Years: | 29% |
3 Years: | 18% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | 43% |
5 Years: | 59% |
3 Years: | 18% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 20% |
3 Years: | 19% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 135 | 136 | 138 | 157 | 175 | 200 | 223 | 286 | 351 | 404 | 479 | 582 |
118 | 134 | 125 | 128 | 105 | 113 | 101 | 74 | 118 | 72 | 44 | 35 | |
111 | 45 | 53 | 56 | 59 | 57 | 63 | 66 | 72 | 88 | 100 | 99 | |
Total Liabilities | 377 | 329 | 330 | 355 | 353 | 385 | 400 | 440 | 555 | 579 | 637 | 730 |
142 | 167 | 173 | 174 | 187 | 199 | 219 | 226 | 259 | 273 | 276 | 267 | |
CWIP | 7 | 0 | 6 | 5 | 0 | 10 | 0 | 0 | 0 | 1 | 2 | 2 |
Investments | 15 | 13 | 14 | 23 | 11 | 8 | 7 | 4 | 5 | 5 | 75 | 128 |
213 | 149 | 137 | 153 | 155 | 168 | 174 | 209 | 291 | 299 | 284 | 334 | |
Total Assets | 377 | 329 | 330 | 355 | 353 | 385 | 400 | 440 | 555 | 579 | 637 | 730 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
45 | 32 | 64 | 27 | 31 | 47 | 52 | 58 | 55 | 112 | 137 | 108 | |
-61 | -29 | -26 | -15 | -14 | -34 | -28 | -16 | -72 | -22 | -88 | -78 | |
3 | -6 | -30 | -13 | -25 | -10 | -19 | -43 | 31 | -69 | -46 | -27 | |
Net Cash Flow | -13 | -4 | 8 | -1 | -7 | 3 | 5 | -2 | 14 | 21 | 3 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 103 | 84 | 86 | 93 | 94 | 84 | 81 | 78 | 78 | 79 | 81 | 75 |
Inventory Days | 214 | 282 | 178 | 246 | 284 | 238 | 255 | 262 | 264 | 207 | 196 | 214 |
Days Payable | 164 | 72 | 85 | 111 | 92 | 65 | 75 | 81 | 58 | 47 | 62 | 49 |
Cash Conversion Cycle | 153 | 294 | 179 | 228 | 285 | 257 | 260 | 259 | 284 | 240 | 215 | 240 |
Working Capital Days | -59 | 20 | -8 | 10 | 51 | 56 | 56 | 103 | 108 | 119 | 112 | 116 |
ROCE % | 9% | 10% | 10% | 14% | 16% | 16% | 15% | 27% | 24% | 19% | 23% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11h - Copies of newspaper notice published for inviting the attention of shareholders for the transfer of equity shares to IEPF.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Compliance certificate received from the RTA under Regulation 74(5) of the SEBI (DP) Regulations, 2018, for the quarter ended September 30, 2025.
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Closure of Trading Window
25 Sep - Trading window closed Oct 1, 2025 until 48 hours after Sept 30, 2025 results.
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Announcement under Regulation 30 (LODR)-Cessation
23 Sep - Mr. Aqueel Mulla ceased as Independent Director effective September 23, 2025 after completing second five-year term.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Aug - Newspaper publication of unaudited financial results of the Company for the quarter ended 30th June, 2025
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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.