Arthneeti

Pix Transmission Share Price & Earnings Call Analysis

₹1,652.20-0.36% today
Market cap
₹2,252 Cr
P/E
17.10
ROE
16.44%
PEG
0.95
Price to sales
3.69
Debt to equity
0.03
52W high / low
₹1,986 / ₹1,269
Sales growth (5Y)
8.90%
EBITDA margin
25.30%
Net profit margin
18.25%
Promoter holding
62.06%
Sales (last year)
₹610 Cr

PIX Transmissions Ltd. is the leading manufacturer of Belts and related mechanical Power Transmission products in India. The Company features state-of-the-art Belt manufacturing units as well as an ultra-sophisticated, automated Rubber Mixing facility. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Pix Transmission rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Pix Transmission

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Pix Transmission

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +134112124128129130160140163122139151171
Expenses +102879396989510910612994104108140
Operating Profit33253132313452343328344431
OPM %24%23%25%25%24%27%32%24%21%23%25%29%18%
Other Income +03457994414596
Interest2111111111111
Depreciation6666666656666
Profit before tax25222830313654313135324631
Tax %25%26%26%28%21%24%25%29%26%21%27%23%34%
Net Profit +19162122242741222328243520
EPS in Rs14.0211.6215.1916.1717.9320.1529.7516.3316.6220.4517.2825.8814.84

Financials of Pix Transmission

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +212224239253295304380449486493589582
Expenses +175186192195236243268334382373426429
Operating Profit373848585961113115105120163153
OPM %17%17%20%23%20%20%30%26%22%24%28%26%
Other Income +3365774813191717
Interest201916141212988643
Depreciation131313151619202123232423
Profit before tax61024343837879587111153144
Tax %40%33%34%33%25%19%26%27%25%25%26%26%
Net Profit +471623293065696583113107
EPS in Rs2.874.8011.9316.5620.9722.1947.6350.5247.5760.9182.8578.45
Dividend Payout %35%31%17%15%13%9%10%12%13%11%11%11%

Financials of Pix Transmission

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414141414141414
Reserves136138157175200223286351404479582683
Borrowings +1341251281051131017411872443524
Other Liabilities +45535659576366728810099109
Total Liabilities329330355353385400440555579637730830
Fixed Assets +167173174187199219226259273276267269
CWIP0650100001223
Investments131423118745575128200
Other Assets +149137153155168174209291299284334358
Total Assets329330355353385400440555579637730830

Financials of Pix Transmission

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3264273147525855112137108171
Cash from Investing Activity +-29-26-15-14-34-28-16-72-22-88-78-89
Cash from Financing Activity +-6-30-13-25-10-19-4331-69-46-27-33
Net Cash Flow-48-1-735-214213349
Free Cash Flow13929892236-158811189148
CFO/OP86%168%68%71%102%101%72%68%129%135%91%135%

Financials of Pix Transmission

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days848693948481787879817585
Inventory Days282178246284238255262264207196214182
Days Payable7285111926575815847624947
Cash Conversion Cycle294179228285257260259284240215240220
Working Capital Days20-810515656103108119112116228
ROCE %10%10%14%16%16%15%27%24%19%23%27%22%
33out of 100

Momentum score · price trend

33 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+12.6%69%
Last 6 months+7.6%66%
Last 3 months−2.5%63%

The price is 38.3% below its all-time high of ₹2,688.15 (6 Dec 2024). Stocks more than 20% below their peak have their score halved, so 67 became 33.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Pix Transmission: 0.4 × 69 + 0.4 × 66 + 0.2 × 63 = 67, halved to 33 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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