Pix Transmissions Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
903.35 -7.20 (-0.79%)

DeciZen - Make an Informed Decision on Pix Transmission

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Pix Transmission Price Chart

P/E Ratio (SA) :
21.82
Market Cap :
1,230.8 Cr.
52-wk low :
710
52-wk high :
1,174.8
Bole Toh?

1. Is Pix Transmissions Ltd a good quality company?

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

2. Is Pix Transmissions Ltd 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.

3. Is Pix Transmissions Ltd a good buy now?

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

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
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 end.

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.7%7.8%6.3%5.8%8.3%10.1%10.8%9.6%19.1%15.6%-
Value Creation Index -0.2-0.5-0.6-0.6-0.4-0.3-0.2-0.30.40.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 232194204218235251290298354417439
YoY Gr. Rt. %--16.5%5%6.9%7.9%6.8%15.7%2.6%18.9%17.8%-
Adj EPS 9.45.62.52.79.614.518.317.14442.941.4
YoY Gr. Rt. %--40.2%-54.8%5.1%259.8%51.3%26.5%-6.7%157.6%-2.5%-
BVPS (₹) 95.499105.8112.6124.6137.2155.7171.1213.6253.7268.5
Adj Net Profit 12.87.63.53.61319.72523.36058.556
Cash Flow from Ops. 14131.33356.527.631.645.250.557.953.2-
Debt/CF from Ops. 0.63.73.92.24.63.32.521.22.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%12.2%12.8%17.8%
Adj EPS 18.4%35%32.8%-2.5%
BVPS 11.515.317.718.8
Share Price 40.9% 39.9% 95.5% 20%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.55.12.32.48.11112.510.522.918.415.9
Op. Profit Mgn % 16.916.917.315.519222019.130.225.120.5
Net Profit Mgn % 5.53.91.71.75.67.98.67.8171412.9
Debt to Equity 0.60.90.90.80.80.60.50.40.20.30.1
Working Cap Days 237285231199191200183185174186209
Cash Conv. Cycle 100126136136123135137140125132126

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.83%

Net Profit is growing at healthy rate in last 3 years 32.84%

Return on Equity has declined versus last 3 years average to 15.90%

Sales growth is not so good in last 4 quarters at 5.51%

Latest Financials - Pix Transmissions Ltd.

Standalone Consolidated
TTM EPS (₹) 41.4 48.8
TTM Sales (₹ Cr.) 439 479
BVPS (₹.) 268.5 285.9
Reserves (₹ Cr.) 352 376
P/BV 3.36 3.16
PE 21.82 18.48
From the Market
52 Week Low / High (₹) 710.00 / 1174.80
All Time Low / High (₹) 2.50 / 1174.80
Market Cap (₹ Cr.) 1,231
Equity (₹ Cr.) 13.6
Face Value (₹) 10
Industry PE 19.6

Management X-Ray of Pix Transmission :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pix Transmission

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Pix Transmissions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pix Transmission on 02-Dec-2022 18:01 is : 903.4.
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 02-Dec-2022 18:01 the market cap of Pix Transmission stood at ₹ 1,230.8.
The latest PE ratio of Pix Transmission as of 02-Dec-2022 18:01 is 21.82.
The latest PB ratio of Pix Transmission as of 02-Dec-2022 18:01 is 3.36
The 52-week high of Pix Transmission is ₹ 1,174.8 and the 52-week low is ₹ 710.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Pix Transmission is ₹ 439.0 ( 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.
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