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Pix Transmissions Ltd Stock Analysis

Small Cap
Evaluated by 346 users | BSE: 500333 | NSE: |
Rubber Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 7.5%7.1%10.71%7.77%6.34%5.84%8.31%10.07%10.84%9.57%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 219216232194204218235251290298
Y-o-Y Gr. Rt.--1.1%7.4%-16.5%5%6.9%7.9%6.8%15.7%2.6%
Adjusted EPS (Rs.) 2.780.639.375.62.532.669.5714.4818.3117.09
Y-o-Y Gr. Rt.--77.3%1387.3%-40.2%-54.8%5.1%259.8%51.3%26.5%-6.7%
Book Value per Share (Rs.) 32.4916.8595.4298.98105.84112.62124.57137.15155.71171.08
Adjusted Net Profit 3.60.812.87.63.53.61319.72523.3
Net Op. Cash Flow (Rs. Cr.) 44.428.614131.33356.527.631.645.250.5
Debt to Cash Flow from Ops 4.627.710.573.73.922.24.623.32.512
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Pix Transmissions Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.5%7.9%8.2%2.6%
Adjusted EPS 22.4%46.5%21.3%-6.7%
Book Value per Share 20.310.111.29.9
Share Price 35.5% 40% 11.4% 81.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.121.5212.55.082.282.378.0711.0312.4710.46
Operating Profit Margin (%) 17.5920.8616.9316.8817.2715.4819.04222019.12
Net Profit Margin (%) 1.640.385.53.941.691.675.557.868.67.82
Debt to Equity 3.866.690.60.860.90.810.750.560.530.43
Working Capital Days 190218237285231199191200183185
Cash Conversion Cycle 7580100126136136123135137140
Entity Percentage Holding
Promoters 61.68%
Institutions 0.02%
Non-Institutions 38.31%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Pix Transmissions Ltd's performance infers:

Pix Transmissions Ltd earnings have grown by 46.5%, whereas share price has appreciated 40% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Pix Transmissions Ltd share prices over the last 10 years. Here is what we found out:

Pix Transmissions Ltd share price has appreciated 20.9% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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