PIX Transmissions Limited PIXTRANS NSEINFRA

Industrials · Specialty Industrial Machinery · India

https://www.pixtrans.com

PIX Transmissions Limited, together with its subsidiaries, manufactures and sells belts and related mechanical power transmissions products in India and internationally. The company offers ribbed/poly-V, timing/synchronous, banded, automotive, industrial, special, agriculture, lawn and garden, and V-belts; and PowerWare products, such as dual duty V-pulleys, couplings, bespokes, and tensioners and idler pulleys, as well as auto aftermarket products. It also provides accessories, including service kits, pulley gauges, laser-guided pulley alignment tools, belt length measurers, digital tension meters, analog tension testers, poly-V belt wear gauges, timing belt wear gauges, belts profile gauges, and X'slit belt cutting tools; and trades in rubber industrial products. The company's products are used in industrial, automotive, agriculture, lawn and garden, ceramic, cold storage, food processing, domestic appliance, cement, leisure and sport, machine tools, mineral ore mining, oil and gas, packaging, paper and pulp, pharmaceutical, power plant, recycling, rice/flour mills, steel, textile, forestry and wood working, and building and construction industries. PIX Transmissions Limited was incorporated in 1981 and is based in Mumbai, India.

Market & Price

Market Cap

₹2,118.72 Cr

Current Price

₹1,555.00

High / Low (52W)

₹1,658.50 / ₹1,265.70

Beta

-0.03

Valuation

Stock P/E

19.38

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹468.34

Price to Book

3.32

P/S

3.64

EV/EBITDA

11.35

Dividend Yield

0.58%

Profitability & Returns

ROCE

23.53%

ROE

16.54%

ROA

11.08%

Profit Margin

18.36%

Op Margin

14.80%

EPS (Latest Qtr)

₹25.88

EPS (TTM)

₹80.24

Balance Sheet & Liquidity

Debt/Equity

3.48

Quick Ratio

5.50

Current Ratio

6.86

Debt

₹24.23 Cr

Total Assets

₹730.48 Cr

Current Assets

₹451.87 Cr

Working Capital

₹383.40 Cr

Ownership

Promoter Holding

67.96%

Chg in Prom Hold

FII / Inst Holding

0.32%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,835.35 Cr

Total Revenue (TTM)

₹582.31 Cr

EBITDA

₹161.67 Cr

Free Cash Flow

₹113.22 Cr

Operating Cash Flow

₹171.08 Cr

Shares Outstanding

₹1.36 Cr

Gross Margin

64.93%

Payout Ratio

11.22%

Growth (CAGR)

Revenue 5Y

9.08%

Profit 5Y

17.92%

Revenue (YoY)

2.30%

Earnings (YoY)

-10.70%

PROS

Healthy ROCE of 23.5%.
Profit CAGR of 17.9% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PIXTRANS PIX Transmissions Limited NSEINFRA	1,555.00	19.38	₹2,118.72 Cr	0.58%	23.53%	16.54%	9.08%	17.92%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	160.44 Cr	140.28 Cr	154.13 Cr	121.54 Cr	138.79 Cr	-
Cost of Revenue	-	49.81 Cr	69.47 Cr	42.05 Cr	48.56 Cr	53.10 Cr
Gross Profit	-	90.47 Cr	84.66 Cr	79.49 Cr	90.22 Cr	98.12 Cr
Operating Expenses	-	62.22 Cr	48.97 Cr	57.77 Cr	61.85 Cr	60.62 Cr
Operating Income	-	28.25 Cr	35.69 Cr	21.72 Cr	28.37 Cr	37.50 Cr
EBITDA	-	38.34 Cr	36.62 Cr	41.78 Cr	39.15 Cr	52.54 Cr
Interest Expense	-	82.08 L	56.57 L	71.38 L	71.85 L	64.56 L
Pretax Income	-	31.43 Cr	30.64 Cr	35.21 Cr	32.44 Cr	45.89 Cr
Tax Provision	-	9.18 Cr	7.99 Cr	7.35 Cr	8.90 Cr	10.63 Cr
Net Income	-	22.25 Cr	22.65 Cr	27.86 Cr	23.54 Cr	35.26 Cr
Diluted EPS	29.75	16.33	-	20.45	17.28	25.88

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	448.19 Cr	481.44 Cr	489.51 Cr	581.66 Cr
Cost of Revenue	185.61 Cr	200.41 Cr	193.97 Cr	218.50 Cr
Gross Profit	262.58 Cr	281.03 Cr	295.55 Cr	363.16 Cr
Operating Expenses	167.78 Cr	198.56 Cr	195.07 Cr	221.93 Cr
Operating Income	94.81 Cr	82.48 Cr	100.48 Cr	141.23 Cr
EBITDA	121.86 Cr	117.07 Cr	138.16 Cr	179.35 Cr
Interest Expense	6.53 Cr	7.21 Cr	4.50 Cr	3.26 Cr
Pretax Income	94.58 Cr	86.51 Cr	110.71 Cr	152.52 Cr
Tax Provision	25.74 Cr	21.69 Cr	27.72 Cr	39.64 Cr
Net Income	68.84 Cr	64.82 Cr	82.99 Cr	112.88 Cr
Diluted EPS	50.53	47.57	60.91	82.84

Compounded Sales Growth

5 Years:	9.08%
1 Year:	2.30%

Compounded Profit Growth

5 Years:	17.92%
1 Year:	-10.70%

Stock Price Performance

1 Year:	-3.07%
6 Months:	+6.76%
3 Months:	+2.09%
1 Month:	+3.45%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	554.59 Cr	578.51 Cr	636.86 Cr	730.48 Cr
Current Assets	274.84 Cr	297.53 Cr	353.18 Cr	451.87 Cr
Cash & Equivalents	24.40 Cr	45.38 Cr	48.53 Cr	51.98 Cr
Inventory	124.82 Cr	105.45 Cr	97.94 Cr	119.77 Cr
Receivables	95.45 Cr	105.44 Cr	110.04 Cr	121.61 Cr
Total Liabilities	189.78 Cr	160.52 Cr	144.17 Cr	134.38 Cr
Current Liabilities	105.27 Cr	82.11 Cr	70.86 Cr	68.47 Cr
Long Term Debt	61.34 Cr	47.74 Cr	32.58 Cr	23.54 Cr
Total Debt	117.98 Cr	72.15 Cr	44.03 Cr	35.38 Cr
Total Equity	364.81 Cr	417.99 Cr	492.69 Cr	596.10 Cr
Shares Outstanding	1.36 Cr	1.36 Cr	1.36 Cr	1.36 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	55.41 Cr	112.05 Cr	136.61 Cr	108.04 Cr
Investing Cash Flow	-72.25 Cr	-22.31 Cr	-87.60 Cr	-77.50 Cr
Financing Cash Flow	31.16 Cr	-68.76 Cr	-45.86 Cr	-27.08 Cr
Capital Expenditure	-71.10 Cr	-24.66 Cr	-26.51 Cr	-20.91 Cr
Free Cash Flow	-15.69 Cr	87.40 Cr	110.10 Cr	87.12 Cr
Net Change in Cash	14.33 Cr	20.98 Cr	3.14 Cr	3.46 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	58.6%	58.4%	60.4%	62.4%
Operating Margin %	21.2%	17.1%	20.5%	24.3%
Net Margin %	15.4%	13.5%	17.0%	19.4%
ROE %	18.9%	15.5%	16.8%	18.9%
ROCE %	21.1%	16.6%	17.8%	21.3%

Shareholding Pattern

Insiders

67.96%

Institutions

0.32%

Public Float

0.98%

Analyst View

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PIXTRANS · Industrials