Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
Pix Transmissions Ltd (PIXTRANS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500333 NSE: PIXTRANS Rubber Products | Small Cap | Pix Transmission Share Price
₹1,786.40 -29.40 (-1.62%)
As on 06-Jul'26 16:59
Pix Transmissions Ltd (PIXTRANS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500333 NSE: PIXTRANS Rubber Products | Small Cap | Pix Transmission Share Price
₹1,786.40 -29.40 (-1.62%)
As on 06-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,474 Cr.
Current Price
₹1,786.4
52-Week Low / High
₹1,225 / 1,929
TTM EPS
₹67.6
TTM Sales
₹530 Cr.
Book Value per Share
₹466.8
P/E Ratio
26.87
Higher than its 5-year historical median
Industry PE
27.6
Price to Book (P/B)
3.89
Higher than its 5-year historical median
Price to Sales (P/S)
4.67
Higher than its 5-year historical median
EV/EBITDA
16.04
Higher than its 5-year historical median
Dividend Yield
0.5%
Profitability Efficiency
Return on Equity (ROE)
15.46%
Outperforms industry median
Return on Capital Employed (ROCE)
20.50%
Outperforms industry median
Return on Assets (ROA)
12.70%
Operating Profit Margin
26.9%
Net Profit Margin
17.37%
Gross Profit Margin
26.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.59%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.36%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-12.61%
Asset Quality
Promoter Holding
62.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹622 Cr.
Equity
₹13.6 Cr.
Face Value
₹10
All Time Low / High
₹2.50 / 2796.45
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Pix Transmissions Ltd a good quality company?
Pix Transmissions Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Pix Transmissions Ltd performance compare with that of its Peers?
Revenue growth of Pix Transmissions Ltd vs industry peers?
Pix Transmissions Ltd revenue CAGR is 13.15%, compared to the industry median CAGR of 8.96%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Pix Transmissions Ltd?
Promoters hold 62.06% of the Pix Transmissions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Pix Transmissions Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 41.5% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pix Transmissions Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.4% | 15.9% | 16.1% | 13.7% | 26.2% | 22.4% | 17.8% | 22.8% | 26.7% | 20.5% | - |
| Value Creation Index ⓘ | -0.1 | 0.1 | 0.2 | 0.0 | 0.9 | 0.6 | 0.3 | 0.6 | 0.9 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 235 | 251 | 290 | 298 | 354 | 417 | 450 | 455 | 556 | 530 | 530 |
| Sales YoY Gr. | - | 6.8% | 15.7% | 2.6% | 18.9% | 17.8% | 8% | 1% | 22.2% | -4.6% | - |
| Adj EPS ⓘ | 9.6 | 14.5 | 18.3 | 17.1 | 44 | 42.9 | 36.2 | 55.1 | 73.8 | 64.9 | 67.6 |
| YoY Gr. | - | 51.3% | 26.5% | -6.7% | 157.6% | -2.5% | -15.7% | 52.3% | 34% | -12% | - |
| BVPS (₹) ⓘ | 124.6 | 137.2 | 155.7 | 171.1 | 213.6 | 253.7 | 285.5 | 337.5 | 407.5 | 466.8 | 466.8 |
| Adj Net Profit ⓘ | 13 | 19.7 | 25 | 23.3 | 60 | 58.5 | 49.3 | 75 | 101 | 88.5 | 92 |
| Cash Flow from Ops. ⓘ | 27.6 | 31.6 | 45.2 | 50.5 | 57.9 | 54 | 101 | 133 | 109 | 150 | - |
| Debt/CF from Ops. ⓘ | 4.6 | 3.3 | 2.5 | 2 | 1.2 | 2.2 | 0.7 | 0.3 | 0.3 | 0.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.5% | 8.4% | 5.6% | -4.6% | ||||
| Adj EPS ⓘ | 23.7% | 8.1% | 21.5% | -12% | ||||
| BVPSⓘ | 15.8% | 16.9% | 17.8% | 14.6% | ||||
| Share Price | 42.4% | 20.5% | 23.7% | 11.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.1 | 11 | 12.5 | 10.5 | 22.9 | 18.4 | 13.4 | 17.7 | 19.8 | 14.9 | 14.5 |
| Op. Profit Mgn % ⓘ | 19 | 22 | 20 | 19.1 | 30.2 | 25.1 | 20.4 | 25.2 | 28.2 | 26.9 | 21.8 |
| Net Profit Mgn % ⓘ | 5.6 | 7.9 | 8.6 | 7.8 | 17 | 14 | 11 | 16.5 | 18.1 | 16.7 | 17.4 |
| Debt to Equity ⓘ | 0.8 | 0.6 | 0.5 | 0.4 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 191 | 200 | 183 | 185 | 165 | 179 | 187 | 172 | 141 | 151 | 149 |
| Cash Conv. Cycle ⓘ | 123 | 135 | 137 | 140 | 117 | 126 | 132 | 122 | 102 | 115 | 126 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 235 | 251 | 290 | 298 | 354 | 417 | 450 | 455 | 556 | 530 |
| Operating Expenses ⓘ + | 190 | 196 | 232 | 242 | 248 | 312 | 359 | 341 | 401 | 398 |
| Operating Profit ⓘ | 45 | 55 | 58 | 56 | 106 | 105 | 91 | 114 | 155 | 133 |
| Operating Profit Margin (%) | 19.0% | 21.9% | 19.9% | 18.8% | 29.9% | 25.1% | 20.3% | 25.0% | 27.9% | 25.0% |
| Other Income ⓘ + | 6 | 5 | 7 | 8 | 5 | 8 | 14 | 19 | 14 | 18 |
| Interest ⓘ | 16 | 14 | 12 | 12 | 9 | 8 | 8 | 5 | 4 | 4 |
| Depreciation ⓘ | 12 | 14 | 15 | 19 | 20 | 20 | 23 | 22 | 23 | 23 |
| Profit Before Tax ⓘ | 23 | 33 | 38 | 33 | 82 | 84 | 74 | 104 | 142 | 125 |
| Tax ⓘ | 8 | 11 | 9 | 7 | 21 | 22 | 19 | 25 | 36 | 33 |
| Profit After Tax | 15 | 21 | 29 | 27 | 61 | 62 | 55 | 79 | 105 | 92 |
| PAT Margin (%) | 6.4% | 8.6% | 9.8% | 9.0% | 17.3% | 14.9% | 12.3% | 17.4% | 19.0% | 17.4% |
| Adjusted EPS (₹) | 11.0 | 15.8 | 21.0 | 19.7 | 44.9 | 45.5 | 40.7 | 58.1 | 77.3 | 67.6 |
| Dividend Payout Ratio (%) | 18.20% | 15.90% | 13.10% | 10.20% | 11.10% | 13.20% | 14.80% | 12% | 11.60% | 13.30% |
Valuation of Pix Transmission - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 170 | 188 | 212 | 233 | 291 | 346 | 389 | 460 | 555 | 636 | |
| Debt + | 127 | 104 | 113 | 101 | 66 | 103 | 57 | 33 | 24 | 18 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 19 | 19 | 15 | 21 | 28 | 25 | 22 | 30 | 26 | 25 | |
| Others Liabilities ⓘ | 35 | 38 | 38 | 40 | 44 | 58 | 75 | 77 | 82 | 86 | |
| Total Liabilities ⓘ | 351 | 349 | 378 | 395 | 429 | 531 | 543 | 599 | 686 | 765 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 172 | 186 | 198 | 219 | 225 | 258 | 273 | 274 | 265 | 268 | |
| CWIP ⓘ | 5 | 0 | 10 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | |
| Investments ⓘ | 24 | 12 | 9 | 8 | 5 | 6 | 6 | 76 | 129 | 201 | |
| Inventories | 37 | 51 | 55 | 55 | 78 | 104 | 85 | 84 | 102 | 83 | |
| Trade Receivables | 70 | 75 | 78 | 83 | 91 | 96 | 105 | 104 | 110 | 123 | |
| Cash Equivalents | 16 | 9 | 11 | 16 | 13 | 29 | 39 | 41 | 56 | 75 | |
| Others Assets ⓘ | 28 | 16 | 17 | 15 | 16 | 39 | 35 | 19 | 22 | 11 | |
| Total Assets ⓘ | 351 | 349 | 378 | 395 | 429 | 531 | 543 | 599 | 686 | 765 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 28 | 32 | 45 | 50 | 58 | 54 | 101 | 133 | 109 | 150 |
| Cash Flow From Investing Activity ⓘ + | -14 | -13 | -34 | -27 | -16 | -72 | -22 | -85 | -77 | -88 |
| Cash Flow From Financing Activity ⓘ + | -14 | -25 | -10 | -19 | -43 | 31 | -69 | -46 | -27 | -33 |
| Net Cash Flow ⓘ | -1 | -7 | 2 | 4 | -1 | 13 | 10 | 2 | 5 | 29 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.25 | 12.04 | 14.31 | 12.05 | 23.33 | 19.48 | 15.08 | 18.67 | 20.76 | 15.46 |
| ROCE (%) | 13.37 | 15.89 | 16.13 | 13.71 | 26.16 | 22.38 | 17.79 | 22.77 | 26.68 | 20.5 |
| Asset Turnover Ratio | 0.69 | 0.72 | 0.8 | 0.77 | 0.91 | 0.9 | 0.84 | 0.8 | 0.89 | 0.76 |
| PAT to CFO Conversion(x) | 1.87 | 1.52 | 1.55 | 1.85 | 0.95 | 0.87 | 1.84 | 1.68 | 1.04 | 1.63 |
| Working Capital Days | ||||||||||
| Receivable Days | 101.10 | 105.10 | 95.90 | 98.50 | 85 | 78.60 | 80.90 | 82.90 | 68.40 | 77.80 |
| Inventory Days | 54.90 | 64.50 | 66.60 | 67.30 | 65.30 | 77 | 76.40 | 67.20 | 59.40 | 61.60 |
| Payable Days | 77 | 82.40 | 55.20 | 59.20 | 67.10 | 57 | 47.80 | 55.60 | 50.20 | 47.40 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Pix Transmissions Ltd FAQs
The current trading price of Pix Transmission on 06-Jul-2026 16:59 is ₹1,786.4.
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 05-Jul-2026 the market cap of Pix Transmission stood at ₹2,474.1 Cr
The latest P/E ratio of Pix Transmission as of 05-Jul-2026 is 26.87.
The latest P/B ratio of Pix Transmission as of 05-Jul-2026 is 3.89.
The 52-week high of Pix Transmission is ₹1,929 and the 52-week low is ₹1,225.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pix Transmission is ₹530 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Pix Transmissions Ltd is a good quality company.
The key valuation ratios of Pix Transmissions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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
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.
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