Pix Transmissions Limited manufactures and sells belts and related mechanical transmissions products in India.
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.
7 Day Return
1 Year Return
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.
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
Is Pix Transmissions undervalued compared to its fair value and its price relative to the market?
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).
How is Pix Transmissions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Pix Transmissions is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Pix Transmissions competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Pix Transmissions performed over the past 5 years?
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.
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).
What is Pix Transmissions's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Amarpal Sethi (69yo)
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.
|Chairman & MD||no data||₹13.82m||28.38% ₹395.4m|
|Joint MD & Director||31.17yrs||₹13.12m||11.11% ₹154.8m|
|Joint MD & Executive Director||15.5yrs||₹13.12m||8.59% ₹119.7m|
|Whole-Time Director & CFO||11yrs||₹12.59m||7.13% ₹99.3m|
|Whole-Time Director||27.25yrs||₹13.12m||6.32% ₹88.1m|
|Whole-Time Director||20.08yrs||₹8.12m||0.19% ₹2.6m|
|Whole-Time Director||5.92yrs||₹8.04m||1.37% ₹19.1m|
|Independent Non Executive Director||16.67yrs||₹60.00k||no data|
|Additional Non-Executive Independent Director||1.33yrs||₹15.00k||no data|
|Independent Director||5.92yrs||₹60.00k||no data|
Experienced Board: 500333's board of directors are seasoned and experienced ( 15.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pix Transmissions Limited's company bio, employee growth, exchange listings and data sources
- 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
- Pix Transmissions Limited
- One BKC
- B Wing, 12th Floor, Unit No. 1208
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|500333||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Aug 2004|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/02 12:32|
|End of Day Share Price||2020/06/02 00:00|
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.