PIX Transmissions Ltd (IN:PIXTRANS)
:PIXTRANS
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PIX Transmissions Ltd
(PIXTRANS)
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Rating:84Outperform
Price Target:
₹1,888.00
▲(41.63% Upside)
Action:Reiterated
Date:05/24/26
The score is driven primarily by strong financial quality—minimal leverage, solid margins, and strong operating cash flow—supported by a favorable technical uptrend. Valuation appears reasonable on earnings, though the low dividend yield and recent revenue/margin volatility temper the overall score.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt (D/E ~0.01) gives PIX Transmissions durable financial flexibility. This reduces refinancing risk, enables counter-cyclical capital spending or targeted M&A, and supports stable operations during downturns without pressuring interest coverage or margins.
Negative Factors
Revenue decline and margin compression
A recent year-over-year revenue decline and notable margin compression reduce visibility on trend growth. If demand softness or mix shifts persist, revenue recovery and margin normalization may take multiple quarters, pressuring reinvestment capacity and earnings predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt (D/E ~0.01) gives PIX Transmissions durable financial flexibility. This reduces refinancing risk, enables counter-cyclical capital spending or targeted M&A, and supports stable operations during downturns without pressuring interest coverage or margins.
Read all positive factors
PIX Transmissions Ltd (PIXTRANS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.05B
Dividend Yield0.63%
Average Volume (3M)918.00
Price to Earnings (P/E)20.5
Beta (1Y)1.12
Revenue Growth-1.21%
EPS Growth-5.31%
CountryIN
Employees985
SectorServices
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 makes money primarily by manufacturing and selling power transmission components (notably belts and related products) to customers in industrial and machinery applications. Revenue is generated through (i) direct product sales to...
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
1333.05
Price Trends
1538.86
Positive
1479.96
Positive
1455.53
Positive
Market Momentum
20.75
Positive
55.97
Neutral
45.40
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 1333.05 is below the 20-day moving average (MA) of 1587.46, below the 50-day MA of 1538.86, and below the 200-day MA of 1455.53, indicating a bullish trend. The MACD of 20.75 indicates Positive momentum. The RSI at 55.97 is Neutral, neither overbought nor oversold. The STOCH value of 45.40 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹22.05B | 20.49 | ― | 0.63% | -1.21% | -5.31% | |
69 Neutral | ₹124.91B | 36.39 | ― | 0.41% | 3.97% | -17.81% | |
65 Neutral | ₹279.30B | 50.34 | ― | 0.50% | 21.42% | 17.24% | |
65 Neutral | ₹34.74B | 45.28 | ― | 1.06% | -14.21% | -20.18% | |
58 Neutral | ₹44.49B | 41.60 | ― | 1.06% | 17.76% | 83.26% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹21.86B | 15.55 | ― | ― | 12.20% | 16.37% |
* Services Sector Average
IN:PIXTRANS
PIX Transmissions Ltd
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PIX Transmissions Ltd Corporate Events
PIX Transmissions files SEBI compliance certificate on demat of shares
Apr 7, 2026
PIX Transmissions Ltd has notified the stock exchanges that it has received a confirmation certificate from its registrar and share transfer agent under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter...
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.