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PIX Transmissions Ltd
(PIXTRANS)
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Rating:77Outperform
Price Target:
₹2,287.00
▲(32.62% Upside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by strong financial performance—especially the very low leverage and solid cash generation—partly tempered by recent revenue softness and margin variability. Technicals are constructive with a clear uptrend, but near-overbought RSI adds short-term risk. Valuation is the main drag due to a higher P/E and low dividend yield.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt and a conservatively financed balance sheet provide durable financial flexibility. This supports capital allocation for capex, working capital and shareholder returns, reduces refinancing risk in downturns, and preserves the firm's ability to invest through cycles.
Negative Factors
Recent revenue softness
After several years of general growth, a recent year-on-year revenue decline signals exposure to cyclical end markets or potential share loss. Persistent softness could erode scale benefits, pressure fixed-cost absorption, and limit the company's ability to expand margins and invest strategically.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt and a conservatively financed balance sheet provide durable financial flexibility. This supports capital allocation for capex, working capital and shareholder returns, reduces refinancing risk in downturns, and preserves the firm's ability to invest through cycles.
Read all positive factors
PIX Transmissions Ltd (PIXTRANS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.28B
Dividend Yield0.47%
Average Volume (3M)918.00
Price to Earnings (P/E)19.6
Beta (1Y)0.99
Revenue Growth4.81%
EPS Growth16.32%
CountryIN
Employees985
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)70.68
Shares Outstanding13,625,200
10 Day Avg. Volume649
30 Day Avg. Volume918
Financial Highlights & Ratios
PEG Ratio-3.47
Price to Book (P/B)2.82
Price to Sales (P/S)3.37
P/FCF Ratio13.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PIX Transmissions Ltd Business Overview & Revenue Model
Company Description
PIX Transmissions Limited, founded in 1981 and headquartered in Mumbai, India, specializes in the production and distribution of belts and related mechanical power transmission solutions. The company's broad product range encompasses various belt ...
How the Company Makes Money
PIX Transmissions Ltd primarily makes money by manufacturing and selling power transmission products (e.g., belts and related drive components) to distributors, OEMs, and end-users for use in industrial machinery and equipment. Revenue is generall...
PIX Transmissions Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.66B | 5.82B | 6.07B | 4.90B | 4.81B | 4.48B |
| Gross Profit | 3.63B | 2.53B | 3.95B | 2.96B | 2.81B | 1.44B |
| EBITDA | 1.57B | 1.62B | 1.80B | 1.38B | 1.18B | 1.24B |
| Net Income | 963.02M | 1.07B | 1.13B | 829.88M | 648.18M | 688.43M |
Balance Sheet | ||||||
| Total Assets | 7.72B | 8.30B | 7.30B | 6.37B | 5.79B | 5.55B |
| Cash, Cash Equivalents and Short-Term Investments | 2.58B | 3.08B | 1.97B | 1.26B | 508.16M | 297.46M |
| Total Debt | 297.45M | 242.26M | 353.80M | 440.26M | 721.53M | 1.18B |
| Total Liabilities | 1.34B | 1.33B | 1.34B | 1.44B | 1.61B | 1.90B |
| Stockholders Equity | 6.38B | 6.97B | 5.96B | 4.93B | 4.18B | 3.65B |
Cash Flow | ||||||
| Free Cash Flow | 744.97M | 1.45B | 871.51M | 1.10B | 873.96M | -156.87M |
| Operating Cash Flow | 890.33M | 1.70B | 1.08B | 1.37B | 1.12B | 554.14M |
| Investing Cash Flow | -437.98M | -917.10M | -774.99M | -878.52M | -223.14M | -722.47M |
| Financing Cash Flow | -249.26M | -296.29M | -270.81M | -458.63M | -687.60M | 311.58M |
PIX Transmissions Ltd Technical Analysis
Positive
1724.50
Price Trends
1741.45
Positive
1620.75
Positive
1519.08
Positive
Market Momentum
43.86
Negative
62.12
Neutral
69.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PIXTRANS, the sentiment is Positive. The current price of 1724.5 is below the 20-day moving average (MA) of 1795.18, below the 50-day MA of 1741.45, and above the 200-day MA of 1519.08, indicating a bullish trend. The MACD of 43.86 indicates Negative momentum. The RSI at 62.12 is Neutral, neither overbought nor oversold. The STOCH value of 69.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PIXTRANS.
PIX Transmissions Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹26.28B | 19.61 | ― | 0.52% | 4.81% | 16.32% | |
66 Neutral | ₹30.43B | 47.83 | ― | 1.06% | -16.88% | -34.25% | |
59 Neutral | ₹99.45B | 41.06 | ― | 0.47% | 3.08% | -54.36% | |
58 Neutral | ₹46.15B | 45.20 | ― | 0.81% | 21.20% | 22.83% | |
57 Neutral | ₹299.82B | 55.90 | ― | 0.50% | 22.66% | 15.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹21.42B | 14.81 | ― | ― | 9.17% | 13.98% |
* General Sector Average
IN:PIXTRANS
PIX Transmissions Ltd
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40.86%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.