Is Pix Transmissions a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pix Transmissions Ltd is a good quality company .

Is Pix Transmissions undervalued or overvalued?

The key valuation ratios of Pix Transmissions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Pix Transmissions share price return in the past 10 years?

Pix Transmissions Ltd share price has appreciated 41.4% annually (CAGR) over the past ten years.

Is Pix Transmissions a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Pix Transmissions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the P/E ratio of Pix Transmissions?

The latest standalone P/E ratio of Pix Transmissions as of 14-Nov-2024 is 26.73.

What is the P/B ratio of Pix Transmissions?

The latest standalone P/B ratio of Pix Transmissions as of 14-Nov-2024 is 5.66.

Pix Transmissions Ltd - Stock Valuation and Financial Performance

Name: Pix Transmissions
Brand: Pix Transmissions

BSE: 500333 | NSE: PIXTRANS | Rubber Products | Small Cap

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Pix Transmission Share Price

₹2,169.95 79.80 3.82%
as on 14-Nov'24 12:21

10 Year X-Ray of Pix Transmission:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.9%	9%	13.4%	15.9%	16.1%	13.7%	26.2%	22.4%	17.8%	22.8%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.1	0.1	0.2	0.0	0.9	0.6	0.3	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	204	218	235	251	290	298	354	417	450	455	507
Sales YoY Gr.	-	6.9%	7.9%	6.8%	15.7%	2.6%	18.9%	17.8%	8%	1%	-
Adj EPS ⓘ	2.5	2.7	9.6	14.5	18.3	17.1	44	42.9	37.3	54.6	79.8
YoY Gr.	-	5.1%	259.8%	51.3%	26.5%	-6.7%	157.6%	-2.5%	-13.1%	46.4%	-
BVPS (₹) ⓘ	105.8	112.6	124.6	137.2	155.7	171.1	213.6	253.7	285.5	337.5	376.9
Adj Net Profit ⓘ	3.5	3.6	13	19.7	25	23.3	60	58.5	50.8	74.4	109
Cash Flow from Ops. ⓘ	33	56.5	27.6	31.6	45.2	50.5	57.9	54	101	133	-
Debt/CF from Ops. ⓘ	3.9	2.2	4.6	3.3	2.5	2	1.2	2.2	0.7	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.3%	9.4%	8.7%	1%
Adj EPS ⓘ	40.7%	24.4%	7.4%	46.4%
BVPSⓘ	13.8%	16.7%	16.5%	18.2%
Share Price	41.4%	80.3%	41.3%	65.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2.3	2.4	8.1	11	12.5	10.5	22.9	18.4	13.8	17.5	22.3
Op. Profit Mgn % ⓘ	17.3	15.5	19	22	20	19.1	30.2	25.1	20.4	25	27.1
Net Profit Mgn % ⓘ	1.7	1.7	5.6	7.9	8.6	7.8	17	14	11.3	16.4	21.5
Debt to Equity ⓘ	0.9	0.8	0.8	0.6	0.5	0.4	0.2	0.3	0.2	0.1	0.1
Working Cap Days ⓘ	231	199	191	200	183	185	165	179	187	172	118
Cash Conv. Cycle ⓘ	136	136	123	135	137	140	117	126	132	122	93

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.30%

Sales growth is good in last 4 quarters at 14.17%

Sales growth has been subdued in last 3 years 8.72%

Net Profit has been subdued in last 3 years 7.44%

Latest Financials - Pix Transmissions Ltd.

	Standalone	Consolidated
TTM EPS (₹)	79.8	84
TTM Sales (₹ Cr.)	507	545
BVPS (₹.) ⓘ	376.9	405
Reserves (₹ Cr.) ⓘ	500	538
P/BV ⓘ	5.66	5.27
PE ⓘ	26.73	25.39

From the Market
52 Week Low / High (₹)	1185.55 / 2220.00
All Time Low / High (₹)	2.50 / 2220.00
Market Cap (₹ Cr.)	2,906
Equity (₹ Cr.)	13.6
Face Value (₹)	10
Industry PE ⓘ	34.5

Management X-Ray of Pix Transmission:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Pix Transmission

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Pix Transmission

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	204	218	235	251	290	298	354	417	450	455
Operating Expenses ⓘ	168	184	190	196	232	242	248	312	359	341
Manufacturing Costs	18	27	19	19	22	23	26	45	58	61
Material Costs	71	73	81	85	110	108	132	170	182	172
Employee Cost	37	42	44	48	52	60	65	60	83	70
Other Costs ⓘ	43	41	46	44	48	50	25	37	36	38
Operating Profit ⓘ	35	34	45	55	58	56	106	105	91	114
Operating Profit Margin (%)	17.3%	15.5%	19.0%	21.9%	19.9%	18.8%	29.9%	25.1%	20.3%	25.0%
Other Income ⓘ	3	3	6	5	7	8	5	8	14	19
Interest ⓘ	20	18	16	14	12	12	9	8	8	5
Depreciation ⓘ	12	12	12	14	15	19	20	20	23	22
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	6	7	23	33	38	33	82	84	74	104
Tax ⓘ	3	3	8	11	9	7	21	22	19	25
Profit After Tax	3	4	15	21	29	27	61	62	55	79
PAT Margin (%)	1.7%	1.7%	6.4%	8.6%	9.8%	9.0%	17.3%	14.9%	12.3%	17.4%
Adjusted EPS (₹)	2.5	2.7	11.0	15.8	21.0	19.7	44.9	45.5	40.7	58.1
Dividend Payout Ratio (%)	40%	56%	18%	16%	13%	10%	11%	13%	15%	12%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	152	153	170	188	212	233	291	346	389	460
Share Capital ⓘ	14	14	14	14	14	14	14	14	14	14
Reserves ⓘ	139	140	156	174	199	219	277	332	375	446
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	129	124	127	104	113	101	66	103	57	33
Long Term Debt	54	47	50	41	47	43	38	61	48	33
Short Term Debt	75	77	78	63	66	58	28	41	9	0
Trade Payables	16	15	19	19	15	21	28	25	22	30
Others Liabilities ⓘ	31	33	35	38	38	40	44	58	75	77
Total Liabilities ⓘ	328	325	351	349	378	395	429	531	543	599
Fixed Assets
Gross Block	253	270	284	311	337	373	392	443	472	491
Accumulated Depreciation	89	100	112	125	139	154	166	185	199	216
Net Fixed Assetsⓘ	164	170	172	186	198	219	225	258	273	274
CWIP ⓘ	0	6	5	0	10	0	0	0	1	2
Investmentsⓘ	14	15	24	12	9	8	5	6	6	76
Inventories	47	33	37	51	55	55	78	104	85	84
Trade Receivables	60	60	70	75	78	83	91	96	105	104
Cash Equivalents	15	22	16	9	11	16	13	29	39	41
Others Assetsⓘ	28	17	28	16	17	15	16	39	35	19
Total Assets ⓘ	328	325	351	349	378	395	429	531	543	599

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	33	57	28	32	45	50	58	54	101	133
PBT ⓘ	6	7	23	33	38	33	82	84	74	104
Adjustment ⓘ	31	28	24	25	25	28	27	24	32	25
Changes in Working Capital ⓘ	-4	21	-14	-16	-4	-2	-30	-33	16	25
Tax Paid ⓘ	0	0	-5	-10	-13	-9	-21	-21	-21	-22
Cash Flow From Investing Activity ⓘ	-29	-25	-14	-13	-34	-27	-16	-72	-22	-85
Capex	-31	-24	-14	-23	-37	-30	-22	-70	-24	-24
Net Investments	2	-1	0	0	0	0	4	-3	1	-64
Others ⓘ	0	0	0	9	4	3	2	1	1	2
Cash Flow From Financing Activityⓘ	-7	-24	-14	-25	-10	-19	-43	31	-69	-46
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	8	-7	2	-8	6	-4	0	0	0	0
Interest Paid ⓘ	-19	-16	-14	-13	-11	-11	-8	-7	-7	-5
Dividend Paid ⓘ	-1	-2	-2	-3	-3	-4	-3	-7	-8	-8
Others ⓘ	6	2	0	-1	-1	-1	-32	45	-53	-33
Net Cash Flow ⓘ	-3	7	-1	-7	2	4	-1	13	10	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.47	2.46	9.25	12.04	14.31	12.05	23.33	19.48	15.08	18.67
ROCE (%)	9.88	9.01	13.37	15.89	16.13	13.71	26.16	22.38	17.79	22.77
Asset Turnover Ratio	0.62	0.67	0.69	0.72	0.8	0.77	0.91	0.9	0.84	0.8
PAT to CFO Conversion(x)	11	14.25	1.87	1.52	1.55	1.85	0.95	0.87	1.84	1.68
Working Capital Days
Receivable Days	103	100	101	105	96	98	85	79	81	83
Inventory Days	85	67	55	65	67	67	65	77	76	67
Payable Days	118	76	77	82	55	59	67	57	48	56

Pix Transmissions Ltd Stock News

Pix Transmissions Ltd FAQs

What is the share price of Pix Transmission?

Company share prices are keep on changing according to the market conditions. The closing price of Pix Transmission on 14-Nov-2024 12:21 is ₹2,170.

What is the market cap of Pix Transmission?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 12:21 the market cap of Pix Transmission stood at ₹2,906.

What is the P/E ratio of Pix Transmission?

The latest P/E ratio of Pix Transmission as of 14-Nov-2024 12:21 is 26.73.

What is the P/B ratio of Pix Transmission?

The latest P/B ratio of Pix Transmission as of 14-Nov-2024 12:21 is 5.66.

What is the 52-week high and low of Pix Transmission?

The 52-week high of Pix Transmission is ₹2,220 and the 52-week low is ₹1,185.6.

What is the TTM revenue of Pix Transmission?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pix Transmission is ₹507.1 ( Cr.) .

About Pix Transmissions Ltd

PIX Transmissions Limited established in 1982 is the fastest emerging global leader in power & fluid transmission business. It is engaged into the manufacturing of World Class Quality Industrial & Automotive Belts, Hoses, Hose Assemblies and End Fittings to suit various Power Drive needs.

PIX has got the best infrastructure in the industry which is not only taking care of its existing expanding needs but is also sufficient to accommodate its further expansion plans.

The fully-automated mixing plant commenced its operation from June 2009. Also its upcoming state-of-the-art facility of Rigid Mandrel Hose at Bazargaon will help in attaining an extra edge over its competitors in terms of added product range at competitive price.

It is also the first Indian company to establish JVs in United Kingdom, Brasil, Germany, Northern Ireland, UAE & China, as a result it is able to serve its customers better and market its products extensively to various parts of the world.

PIX has got the widest network of Channel Partners overseas. With distribution network in 45 countries and its products being exported to over 70 countries globally, it has got a niche over its counterparts in terms of reach and market penetration.

Subsidiaries of the company:

PIX Europe Limited
PIX South America Limited
PIX Germany GmbH
PIX Flexequip Hydraulics Ltd.
PIX Middle East FZC
PIX Hydraulics & Transmissions, Hangzhou, China

Product range of the company includes:

Mechanical Power Transmission Products

PIX Industrial Belts
Automotive Belts & Allied Products
PIX X'act Synchronous or Timing Belts
Profile Top Belts
Special Construction Belts
Application Specific Belts

Fluid Power Transmission Products

PIX Performer Hydraulic Hoses
PIX Performer/T Hydraulic Hoses
PIX Prokomp Compact Hydraulic Hoses
PIX Brute/ K Hydraulic Hoses
PIX Brute/ K+ Hydraulic Hoses
PIX Thermal Hydraulic Hoses
PIX X'el Extra High Pressure Hydraulic Hoses
PIX Optimal Hydraulic Hoses
Mining PRO Hydraulic Hoses
PIX Aquawash Hoses
PIX Special Application Hoses
PIX Pulsar Spiral Hose
PIX Impetus Spiral Hose
PIX Tex'el Industrial Hoses
PIX Tex'el TP Thermoplastic Hoses

End Connectors

PIX X'el FIT End Fittings
Standard Fittings
Interlock Fittings
Reusable Fittings

Accessories

Adapters

Achievements/ recognition:

Its decades of extensive interaction with the customers all over the world has perfected it into the art of making Belts and Hoses as a result it has distinguished itself in the Power & Fluid Transmissions Industry by having number of approvals from various Global Certifying authorities -
It is an ISO/TS 16949:2002, ISO 14001 & OHSAS 18001 certified company.
The company is the recipient of ATEX certification from Germany, certifying its belts meeting with the essential Health and Safety norms for its entire range of fire-resistant antistatic belts.
It has achieved prestigious approval for Hoses such as MSHA, GL, DGMS & DNV.
It is the only Indian company to receive the special award for 'Outstanding Export Performance' given by Export Promotion Council, Govt. of India, consistently for last several years.
PIX is also the recipient of the prestigious 'Niryat Shree' award for achieving outstanding performance in the export of its products.
In 2009 PIX Bagged AIRIA's Highest Export Award.
2011 Pix Transmissions Ltd awarded the prestigious Trading House.