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Pix Transmissions

BSE:500333
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500333
BSE
₹2B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Pix Transmissions Limited manufactures and sells belts and related mechanical transmissions products in India. The last earnings update was 360 days ago. More info.


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500333 Share Price and Events
7 Day Returns
2.8%
BSE:500333
4%
IN Machinery
4.9%
IN Market
1 Year Returns
51.6%
BSE:500333
-15.6%
IN Machinery
0.8%
IN Market
500333 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pix Transmissions (500333) 2.8% -0% 2.8% 51.6% 257% 300.2%
IN Machinery 4% -5.7% 5.7% -15.6% 18.6% 71.7%
IN Market 4.9% -1.6% 9.4% 0.8% 39.5% 45.6%
1 Year Return vs Industry and Market
  • 500333 outperformed the Machinery industry which returned -15.6% over the past year.
  • 500333 outperformed the Market in India which returned 0.8% over the past year.
Price Volatility
500333
Industry
5yr Volatility vs Market

500333 Value

 Is Pix Transmissions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pix Transmissions to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pix Transmissions.

BSE:500333 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 18.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500333
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 35%) (42.8%))
1.228
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.228 * 8.6%)
18.11%

Discounted Cash Flow Calculation for BSE:500333 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pix Transmissions is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500333 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.11%)
2019 13.03 Est @ -74.98% 11.03
2020 6.49 Est @ -50.22% 4.65
2021 4.35 Est @ -32.89% 2.64
2022 3.45 Est @ -20.76% 1.77
2023 3.03 Est @ -12.27% 1.32
2024 2.83 Est @ -6.32% 1.04
2025 2.77 Est @ -2.16% 0.86
2026 2.79 Est @ 0.75% 0.74
2027 2.87 Est @ 2.79% 0.64
2028 2.99 Est @ 4.22% 0.57
Present value of next 10 years cash flows ₹25.27
BSE:500333 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹2.99 × (1 + 7.55%) ÷ (18.11% – 7.55%)
₹30.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹30.48 ÷ (1 + 18.11%)10
₹5.77
BSE:500333 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹25.27 + ₹5.77
₹31.03
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹31.03 / 13.63
₹2.28
BSE:500333 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹2.28
Current discount Discount to share price of ₹175.30
= -1 x (₹175.30 - ₹2.28) / ₹2.28
-7596.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pix Transmissions is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pix Transmissions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pix Transmissions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500333 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹17.00
BSE:500333 Share Price ** BSE (2019-05-21) in INR ₹175.3
India Machinery Industry PE Ratio Median Figure of 140 Publicly-Listed Machinery Companies 17.65x
India Market PE Ratio Median Figure of 2,757 Publicly-Listed Companies 15.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pix Transmissions.

BSE:500333 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500333 Share Price ÷ EPS (both in INR)

= 175.3 ÷ 17.00

10.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pix Transmissions is good value based on earnings compared to the IN Machinery industry average.
  • Pix Transmissions is good value based on earnings compared to the India market.
Price based on expected Growth
Does Pix Transmissions's expected growth come at a high price?
Raw Data
BSE:500333 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Machinery Industry PEG Ratio Median Figure of 26 Publicly-Listed Machinery Companies 1.68x
India Market PEG Ratio Median Figure of 561 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pix Transmissions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pix Transmissions's assets?
Raw Data
BSE:500333 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹138.70
BSE:500333 Share Price * BSE (2019-05-21) in INR ₹175.3
India Machinery Industry PB Ratio Median Figure of 167 Publicly-Listed Machinery Companies 1.55x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.05x
BSE:500333 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500333 Share Price ÷ Book Value per Share (both in INR)

= 175.3 ÷ 138.70

1.26x

* Primary Listing of Pix Transmissions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pix Transmissions is good value based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Pix Transmissions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Pix Transmissions has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

500333 Future Performance

 How is Pix Transmissions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pix Transmissions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pix Transmissions expected to grow at an attractive rate?
  • Unable to compare Pix Transmissions's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pix Transmissions's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Pix Transmissions's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:500333 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500333 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500333 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:500333 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 2,649 312 226
2017-03-31 2,516 272 163
2016-03-31 2,342 640 65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pix Transmissions is high growth as no earnings estimate data is available.
  • Unable to determine if Pix Transmissions is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500333 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pix Transmissions Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500333 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:500333 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 17.00
2017-03-31 12.00
2016-03-31 4.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pix Transmissions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Pix Transmissions is trading at Pix Transmissions'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Pix Transmissions's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Pix Transmissions's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Pix Transmissions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pix Transmissions has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

500333 Past Performance

  How has Pix Transmissions performed over the past 5 years?

  • Pix Transmissions's last earnings update was 360 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pix Transmissions's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Pix Transmissions's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pix Transmissions's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Pix Transmissions's earnings growth has exceeded the IN Machinery industry average in the past year (38.8% vs 32.7%).
Earnings and Revenue History
Pix Transmissions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pix Transmissions Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500333 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 2,648.70 225.60 658.90
2017-03-31 2,515.50 162.50 608.70
2016-03-31 2,342.02 65.36 519.44
2015-03-31 2,192.40 39.10 443.43
2014-03-31 2,069.20 75.22 640.96
2013-06-30 2,131.14 1,062.46 545.88 0.00
2013-03-31 2,333.76 1,060.35 549.87 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pix Transmissions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pix Transmissions used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Pix Transmissions has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pix Transmissions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pix Transmissions has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

500333 Health

 How is Pix Transmissions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pix Transmissions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pix Transmissions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pix Transmissions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pix Transmissions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pix Transmissions Company Filings, last reported 1 year ago.

BSE:500333 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 1,889.80 1,046.70 189.90
2017-03-31 1,705.20 1,280.00 372.70
2016-03-31 1,514.85 1,253.31 375.93
2015-03-31 1,495.64 1,344.31 288.23
2014-03-31 1,480.01 1,177.92 340.46
2013-06-30 1,496.51 858.37 324.47
2013-03-31 1,496.51 905.04 324.47
  • Pix Transmissions's level of debt (55.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.4% vs 55.4% today).
  • Debt is well covered by operating cash flow (29.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess Pix Transmissions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pix Transmissions has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

500333 Dividends

 What is Pix Transmissions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.43%
Current annual income from Pix Transmissions dividends.
If you bought ₹2,000 of Pix Transmissions shares you are expected to receive ₹29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pix Transmissions's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Pix Transmissions's dividend is below the markets top 25% of dividend payers in India (2.02%).
Upcoming dividend payment

Purchase Pix Transmissions before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500333 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1401 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:500333 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:500333 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-28 2.500 1.390
2017-05-15 2.000 1.404
2016-03-18 1.000 1.531
2015-05-29 1.000 2.209
2014-05-30 1.500 2.735
2013-08-22 1.500 4.341
2011-05-30 0.750 1.909

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pix Transmissions has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Pix Transmissions only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Pix Transmissions's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pix Transmissions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pix Transmissions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pix Transmissions has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

500333 Management

 What is the CEO of Pix Transmissions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amarpal Sethi
COMPENSATION ₹12,000,000
AGE 68
CEO Bio

Mr. Amarpal Sethi serves as the Chairman and Managing Director of Pix Transmissions Limited and has been its Director since July 22, 1981.

CEO Compensation
  • Amarpal's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Amarpal's remuneration is higher than average for companies of similar size in India.
Management Team

Amarpal Sethi

TITLE
Chairman & MD
COMPENSATION
₹12M
AGE
68

Sonepal Sethi

TITLE
Joint MD & Director
COMPENSATION
₹11M
AGE
52

Rishipal Sethi

TITLE
Joint MD & Executive Director
COMPENSATION
₹11M
AGE
45

Karanpal Sethi

TITLE
Whole-Time Director & CFO
COMPENSATION
₹11M
AGE
32
TENURE
5.1 yrs

Shybu Varghese

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M

Sukhpal Sethi

TITLE
Whole-Time Director
COMPENSATION
₹11M
AGE
76

Joe Paul

TITLE
Whole-Time Director
COMPENSATION
₹7M
AGE
56

Shirley Paul

TITLE
Whole-Time Director
COMPENSATION
₹7M
AGE
62
Board of Directors Tenure

Average tenure and age of the Pix Transmissions board of directors in years:

15.6
Average Tenure
53.5
Average Age
  • The average tenure for the Pix Transmissions board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Amarpal Sethi

TITLE
Chairman & MD
COMPENSATION
₹12M
AGE
68

Sonepal Sethi

TITLE
Joint MD & Director
COMPENSATION
₹11M
AGE
52
TENURE
30.1 yrs

Rishipal Sethi

TITLE
Joint MD & Executive Director
COMPENSATION
₹11M
AGE
45
TENURE
14.4 yrs

Karanpal Sethi

TITLE
Whole-Time Director & CFO
COMPENSATION
₹11M
AGE
32
TENURE
9.9 yrs

Sukhpal Sethi

TITLE
Whole-Time Director
COMPENSATION
₹11M
AGE
76
TENURE
26.2 yrs

Joe Paul

TITLE
Whole-Time Director
COMPENSATION
₹7M
AGE
56
TENURE
19 yrs

Shirley Paul

TITLE
Whole-Time Director
COMPENSATION
₹7M
AGE
62
TENURE
4.8 yrs

Pradeep Havnur

TITLE
Independent Non Executive Director
COMPENSATION
₹80K
AGE
53
TENURE
15.6 yrs

Haresh Eidnani

TITLE
Independent Non Executive Director
COMPENSATION
₹80K
AGE
54
TENURE
27.7 yrs

Mohammed Ansari

TITLE
Independent Director
COMPENSATION
₹80K
AGE
34
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Pix Transmissions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pix Transmissions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

500333 News

Simply Wall St News

500333 Company Info

Description

Pix Transmissions Limited manufactures and sells belts and related mechanical transmissions products in India. It offers various industrial, automotive, agricultural, lawn and garden, hi-power rated, and special application belts. The company also provides a range of pulleys, bushes, couplings, and bespoke products under the PIX-PowerWare brand name; and accessories, such as laser guided pulley alignment tools, digital tension meters, belt length measurement products, analog tension testers, pulley gauges, ploy-V belt wear gauges, belt cutting machines, belt profile gauges, and maintenance charts, as well as service kits. In addition, it offers PIX-Terminator-HXS, a banded wrap belt; and a mobile app. The company also exports its products. Pix Transmissions Limited was founded in 1981 and is based in Mumbai, India.

Details
Name: Pix Transmissions Limited
500333
Exchange: BSE
Founded: 1981
₹2,445,723,400
13,625,200
Website: http://www.pixtrans.com
Address: Pix Transmissions Limited
One BKC,
B Wing, 12th Floor, Unit No. 1208,
Mumbai,
Maharashtra, 400051,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500333 Equity Shares Mumbai Stock Exchange IN INR 25. Aug 2004
Number of employees
Current staff
Staff numbers
0
Pix Transmissions employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 12:32
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2018/05/26
Last earnings filing: 2018/05/26
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.