Pix Transmission Ltd

Pix Transmission Ltd

₹ 1,304 -0.45%
14 Jun - 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 1,777 Cr.
  • Current Price 1,304
  • High / Low 1,570 / 911
  • Stock P/E 21.4
  • Book Value 362
  • Dividend Yield 0.46 %
  • ROCE 22.6 %
  • ROE 18.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 10.8% over past five years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
121 99 116 109 125 120 119 112 134 112 124 128 129
86 73 84 81 97 95 95 90 102 87 93 96 98
Operating Profit 35 26 31 28 28 25 24 22 33 25 31 32 31
OPM % 29% 27% 27% 26% 22% 21% 20% 20% 24% 23% 25% 25% 24%
1 2 1 2 3 6 6 1 0 3 4 5 7
Interest 2 2 2 2 2 2 2 2 2 1 1 1 1
Depreciation 5 5 5 5 5 6 6 6 6 6 6 6 6
Profit before tax 30 22 26 23 23 24 22 15 25 22 28 30 31
Tax % 26% 25% 24% 26% 34% 25% 26% 24% 25% 26% 26% 28% 21%
22 16 20 17 15 18 16 12 19 16 21 22 24
EPS in Rs 16.09 12.10 14.50 12.56 11.35 12.98 11.90 8.68 14.02 11.62 15.19 16.17 17.93
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
227 200 212 224 239 253 295 304 380 449 486 493
189 167 175 186 192 195 236 243 268 334 382 373
Operating Profit 39 33 37 38 48 58 59 61 113 115 105 120
OPM % 17% 17% 17% 17% 20% 23% 20% 20% 30% 26% 22% 24%
139 4 3 3 6 5 7 7 4 8 13 19
Interest 20 17 20 19 16 14 12 12 9 8 8 5
Depreciation 13 14 13 13 13 15 16 19 20 21 23 23
Profit before tax 145 7 6 10 24 34 38 37 87 95 87 111
Tax % 27% -15% 40% 33% 34% 33% 25% 19% 26% 27% 25% 25%
106 8 4 7 16 23 29 30 65 69 65 83
EPS in Rs 77.83 5.52 2.87 4.80 11.93 16.56 20.97 22.19 47.63 50.52 47.57 60.91
Dividend Payout % 6% 27% 35% 31% 17% 15% 13% 9% 10% 12% 13% 11%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 9%
TTM: 1%
Compounded Profit Growth
10 Years: 27%
5 Years: 24%
3 Years: 8%
TTM: 28%
Stock Price CAGR
10 Years: 40%
5 Years: 49%
3 Years: 35%
1 Year: 41%
Return on Equity
10 Years: 16%
5 Years: 19%
3 Years: 18%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 131 135 136 138 157 175 200 223 286 351 404 479
Preference Capital 5 0 0 0 0 0 0 0 0 0 0
91 118 134 125 128 105 113 101 74 118 68 44
101 111 45 53 56 59 57 63 66 72 88 100
Total Liabilities 337 377 329 330 355 353 385 400 440 555 575 637
100 142 167 173 174 187 199 219 226 259 273 276
CWIP 15 7 0 6 5 0 10 0 0 0 1 2
Investments 1 15 13 14 23 11 8 7 4 5 5 75
220 213 149 137 153 155 168 174 209 291 296 284
Total Assets 337 377 329 330 355 353 385 400 440 555 575 637

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
142 45 32 64 27 31 47 52 58 55 112 137
44 -61 -29 -26 -15 -14 -34 -28 -16 -72 -22 -88
-162 3 -6 -30 -13 -25 -10 -19 -43 31 -69 -46
Net Cash Flow 24 -13 -4 8 -1 -7 3 5 -2 14 21 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 94 103 84 86 93 94 84 81 78 78 79 81
Inventory Days 171 214 282 178 246 284 238 255 262 264 200 190
Days Payable 81 164 72 85 111 92 65 75 81 58 45 60
Cash Conversion Cycle 185 153 294 179 228 285 257 260 259 284 234 211
Working Capital Days 126 66 150 118 128 142 138 125 136 154 134 176
ROCE % 12% 9% 10% 10% 14% 16% 16% 15% 27% 24% 20%

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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