BSE:500333

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Executive Summary

Pix Transmissions Limited manufactures and sells belts and related mechanical transmissions products in India.


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

How has Pix Transmissions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500333's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.7%

500333

5.3%

IN Machinery

6.2%

IN Market


1 Year Return

-45.3%

500333

-30.4%

IN Machinery

-19.9%

IN Market

Return vs Industry: 500333 underperformed the Indian Machinery industry which returned -30.4% over the past year.

Return vs Market: 500333 underperformed the Indian Market which returned -19.9% over the past year.


Shareholder returns

500333IndustryMarket
7 Day12.7%5.3%6.2%
30 Day1.6%0.9%-0.3%
90 Day-14.8%-19.1%-13.4%
1 Year-44.4%-45.3%-29.1%-30.4%-18.3%-19.9%
3 Year-20.5%-24.0%-29.3%-32.2%-8.2%-13.1%
5 Year157.3%132.5%-5.1%-11.0%16.4%5.5%

Price Volatility Vs. Market

How volatile is Pix Transmissions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Pix Transmissions undervalued compared to its fair value and its price relative to the market?

4.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 500333 (₹104.85) is trading below our estimate of fair value (₹109.38)

Significantly Below Fair Value: 500333 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 500333 is good value based on its PE Ratio (4.8x) compared to the Machinery industry average (10.7x).

PE vs Market: 500333 is good value based on its PE Ratio (4.8x) compared to the Indian market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500333's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500333 is good value based on its PB Ratio (0.6x) compared to the IN Machinery industry average (0.9x).


Next Steps

Future Growth

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

11.8%

Forecasted Capital Goods industry annual growth in earnings


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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pix Transmissions performed over the past 5 years?

27.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500333 has high quality earnings.

Growing Profit Margin: 500333's current net profit margins (9.5%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: 500333's earnings have grown significantly by 27.4% per year over the past 5 years.

Accelerating Growth: 500333's earnings growth over the past year (10.8%) is below its 5-year average (27.4% per year).

Earnings vs Industry: 500333 earnings growth over the past year (10.8%) exceeded the Machinery industry -7.1%.


Return on Equity

High ROE: 500333's Return on Equity (13.5%) is considered low.


Next Steps

Financial Health

How is Pix Transmissions's financial position?


Financial Position Analysis

Short Term Liabilities: 500333's short term assets (₹1.6B) exceed its short term liabilities (₹888.0M).

Long Term Liabilities: 500333's short term assets (₹1.6B) exceed its long term liabilities (₹692.1M).


Debt to Equity History and Analysis

Debt Level: 500333's debt to equity ratio (45.3%) is considered high.

Reducing Debt: 500333's debt to equity ratio has reduced from 87.4% to 45.3% over the past 5 years.

Debt Coverage: 500333's debt is well covered by operating cash flow (46.7%).

Interest Coverage: 500333's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

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

2.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500333's dividend (2.62%) is higher than the bottom 25% of dividend payers in the Indian market (0.83%).

High Dividend: 500333's dividend (2.62%) is low compared to the top 25% of dividend payers in the Indian market (3.47%).


Stability and Growth of Payments

Stable Dividend: 500333 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 500333's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.5%), 500333's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.5yrs

Average board tenure


CEO

Amarpal Sethi (69yo)

no data

Tenure

₹13,820,000

Compensation

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 Analysis

Compensation vs Market: Amarpal's total compensation ($USD182.91K) is above average for companies of similar size in the Indian market ($USD50.27K).

Compensation vs Earnings: Amarpal's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Amarpal Sethi
Chairman & MDno data₹13.82m28.38% 395.4m
Sonepal Sethi
Joint MD & Director31.17yrs₹13.12m11.11% 154.8m
Rishipal Sethi
Joint MD & Executive Director15.5yrs₹13.12m8.59% 119.7m
Karanpal Sethi
Whole-Time Director & CFO11yrs₹12.59m7.13% 99.3m
Sukhpal Sethi
Whole-Time Director27.25yrs₹13.12m6.32% 88.1m
Joe Paul
Whole-Time Director20.08yrs₹8.12m0.19% 2.6m
Shirley Paul
Whole-Time Director5.92yrs₹8.04m1.37% 19.1m
Pradeep Havnur
Independent Non Executive Director16.67yrs₹60.00kno data
Jose Jacob
Additional Non-Executive Independent Director1.33yrs₹15.00kno data
Mohammed Ansari
Independent Director5.92yrs₹60.00kno data

15.5yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 500333's board of directors are seasoned and experienced ( 15.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pix Transmissions Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pix Transmissions Limited
  • Ticker: 500333
  • Exchange: BSE
  • Founded: 1981
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹1.393b
  • Shares outstanding: 13.63m
  • Website: https://www.pixtrans.com

Location

  • Pix Transmissions Limited
  • One BKC
  • B Wing, 12th Floor, Unit No. 1208
  • Mumbai
  • Maharashtra
  • 400051
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500333BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2004

Biography

Pix Transmissions Limited manufactures and sells belts and related mechanical transmissions products in India. The company offers various industrial, automotive, agricultural, lawn and garden, automotive, and special application belts. It also provides a range of pulleys, couplings, and bespoke products under the PIX-PowerWare brand; and accessories, such as laser guided pulley alignment tools, digital tension meters, analog tension testers, pulley gauges, belt length measurement products, ploy-V belt wear gauges, belt cutting machines, belt profile gauges, and maintenance charts, as well as service kits. In addition, the company offers PIX-Terminator-HXS, a banded wrap belt; and PIX-Thermal-XT2 belts, as well as a mobile app. It also exports its products. Pix Transmissions Limited was founded in 1981 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 12:32
End of Day Share Price2020/06/02 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.