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PIX Transmissions Limited

PIX Transmissions Limited

PIXTRANS.BO
PIX Transmissions LimitedIN flagBombay Stock Exchange
1,627.00
INR
+48.95
- -
22.17BMarket Cap
PIX Transmissions Limited
PIXTRANS.BO
(Bombay Stock Exchange)

Recent

price

1,627.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
150.96
179.2
- -
171.28
151.87
160.91
171.89
185.1
193.71
225.92
233.05
278.41
328.95
353.35
359.28
426.91
415.19
Revenue per Share
-0.19
1.47
- -
77.82
5.52
2.87
4.8
12
16.56
20.97
22.19
47.63
50.53
47.57
60.91
82.84
80.23
Basic EPS, GAAP
-30.09
10.77
- -
104.23
33.15
-4.96
28.23
20.06
5.59
6.56
17.16
24.17
-11.51
64.14
80.81
63.94
- -
Free Cash Flow per Basic Share
- -
- -
- -
6.42
1.76
1
1.5
0.5
2
2.5
2.75
2.01
4.96
5.94
5.99
6.94
- -
Dividend per Share
28.02
21.34
- -
90.07
86.63
88.28
93.44
104.41
117.97
135.88
154.67
200.19
243.45
282.12
334.77
413.5
- -
Book Value per Share
37.5
36.44
- -
105.7
104.87
107.22
112.36
124.76
138.53
156.55
173.16
219.71
267.52
306.01
357.9
435.73
- -
Tangible Book Value per Share
12
13
- -
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Basic Weighted Avg Shares
1,764
2,316
2,176
2,334
2,069
2,192
2,342
2,506
2,639
3,078
3,175
3,793
4,482
4,814
4,895
5,817
5,657
Sales/Revenue/Turnover
11.69
10.33
12.18
11.31
8.88
12.82
9.95
14.37
16.44
14.13
13.47
24.44
21.15
17.13
20.53
24.28
21.79
Operating Margin (%)
148
200
203
133
135
128
130
134
147
158
188
200
207
233
230
236
233
Depreciation Expense
-2
19
26
1,060
75
39
65
162
226
286
302
649
688
648
830
1,129
1,093
Net Income, GAAP
108.49
57.11
6.64
26.68
14.63
39.71
32.9
33.62
33.41
24.6
19.14
25.7
27.21
25.07
25.04
25.99
24.18
Effective Tax Rate (%)
-0.13
0.82
1.18
45.44
3.64
1.78
2.79
6.48
8.55
9.28
9.52
17.11
15.36
13.46
16.95
19.41
19.32
Profit Margin (%)
699
723
-38
529
15
404
309
457
568
665
719
1,262
1,696
2,154
2,823
3,834
- -
Working Capital
2,029
2,086
1,304
322
488
592
479
504
421
471
434
386
613
477
326
235
- -
LT Debt
440
472
550
1,497
1,480
1,496
1,557
1,705
1,894
2,137
2,363
2,996
3,648
4,180
4,927
5,961
- -
Total Equity
-0.72
4.08
9.32
7.51
6.2
6.17
5.54
8.27
9.76
10.56
10.38
19.35
16.1
12.65
14.62
17.89
- -
Return on Invested Capital (%)
-0.77
4.36
10
50.89
8.99
6.27
7
9.92
11.55
13.1
12.74
21.47
18.49
15.5
18.05
20.98
222.43
Return on Capital (%)
-0.76
6.3
9.25
140.76
6.25
3.28
5.28
12.09
14.94
16.52
15.27
26.84
22.78
18.1
19.75
22.14
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
96
- -
LT Borrowings
- -
202
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
14
- -
Market Capitalization
21,884
19,575
19,316

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
4,915
- -
Cash, Cash Equivalents & STI
- -
2,581
- -
Accounts Receivable, Net
- -
1,055
- -
Inventories
- -
1,188
- -
Total Current Liabilities
- -
691
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
96
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.01%
20.4%
20.99%
Free Cash Flow
-135.01%
-151.76%
-20.87%
Net Income, GAAP
46.6%
35.78%
36.02%
Sales/Revenue/Turnover
10.45%
13.11%
18.82%
Total Cash Common Dividend
47.48%
31.17%
15.96%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,118
1,244
1,279
1,254
4,895
2025
1,299
1,604
1,403
1,541
5,817
2026
1,215
1,388
1,512
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.62
15.19
16.17
- -
60.91
2025
20.14
29.75
16.33
- -
82.84
2026
20.45
17.28
25.88
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.99
2025
- -
- -
- -
- -
6.94
2026
- -
- -
- -
- -
- -
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Business
PIX Transmissions Limited manufactures mechanical power transmission belts and related products, including wrap construction belts, moulded raw edge cogged belts, banded belts, ribbed/poly-V belts, timing/synchronous belts, special construction belts, variable speed belts and PIX-Powerware products such as taper pulleys, bushes and couplings; the company serves industrial, agricultural, automotive, lawn & garden and horticulture applications through state-of-the-art manufacturing facilities featuring an automated rubber mixing plant, design center and testing infrastructure located primarily in Nagpur, India. Incorporated in 1981 and headquartered in Nagpur with corporate offices in Mumbai, PIX Transmissions operates globally with wholly-owned subsidiaries PIX Middle East FZC and PIX Middle East Trading LLC in the UAE, PIX Transmissions Europe Limited in the UK and PIX Germany GmbH in Germany, supported by over 250 channel partners across 100 countries and deriving approximately 52% of revenue from exports to markets including the USA, Germany, UAE, UK and Thailand. The company maintains a diversified customer base with low concentration risk, as top 10 customers contribute less than 35% of revenue, and sustains healthy profitability with PBILDT margins around 25% amid steady scale growth to roughly ₹500 crore in FY24 and ₹428 crore in 9MFY25. Recent developments include board approval on February 14, 2025, of a ₹30 crore capital expenditure project for a 9.3 MW captive solar power plant to reduce electricity costs and enhance sustainability, planned capex of ₹15-20 crore annually for automation and maintenance, credit rating upgrades to CARE A+; Stable from CARE A; Stable reflecting improved financial metrics including overall gearing of 0.09x and PBILDT interest coverage of 23.17x as of March 31, 2024, and prior infrastructure expansions such as the February 2024 PIX Germany warehouse expansion alongside a centralized logistics hub in Nagpur.