About
PIX Transmissions Limited, together with its subsidiaries, manufactures and sells belts and related mechanical power transmission products in India and internationally. It offers ribbed/poly-V, timing/synchronous, banded, automotive, industrial, special, agriculture, lawn and garden, and V-belts; and PowerWare products, such as dual duty V-pulleys, couplings, bespokes, and tensioners and idler pulleys, as well as auto aftermarket products. The company also provides accessories, including service kits, pulley gauges, laser-guided pulley alignment tools, belt length measurers, digital tension meters, analog tension testers, poly-V belt wear gauges, timing belt wear gauges, belts profile gauges, and X'slit belt cutting tools; and trades in rubber industrial products. Its products are used in industrial, automotive, agriculture, lawn and garden, ceramic, cold storage, food processing, domestic appliance, cement, leisure and sport, machine tools, mineral ore mining, oil and gas, packaging, paper and pulp, pharmaceutical, power plant, recycling, rice/flour mills, steel, textile, forestry and wood working, and building and construction industries. The company was incorporated in 1981 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap2,452 Cr
P/E18.60
Div Yield0.50 %
Book Value₹511.00
52w High₹2,090.00
52w Low₹1,252.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 149.00 | 171.00 | 151.00 | 139.00 | 122.00 | 163.00 | 140.00 | 160.00 | 130.00 | 129.00 | 128.00 | 124.00 | 112.00 |
| Expenses | 104.00 | 140.00 | 108.00 | 104.00 | 94.00 | 129.00 | 106.00 | 109.00 | 95.00 | 98.00 | 96.00 | 93.00 | 87.00 |
| Operating Profit | 46.00 | 31.00 | 44.00 | 34.00 | 28.00 | 33.00 | 34.00 | 52.00 | 34.00 | 31.00 | 32.00 | 31.00 | 25.00 |
| OPM % | 31.00 | 18.00 | 29.00 | 25.00 | 23.00 | 21.00 | 24.00 | 32.00 | 27.00 | 24.00 | 25.00 | 25.00 | 23.00 |
| Other Income | 27.00 | 6.00 | 9.00 | 5.00 | 14.00 | 4.00 | 4.00 | 9.00 | 9.00 | 7.00 | 5.00 | 4.00 | 3.00 |
| Depreciation | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 67.00 | 31.00 | 46.00 | 32.00 | 35.00 | 31.00 | 31.00 | 54.00 | 36.00 | 31.00 | 30.00 | 28.00 | 22.00 |
| Tax % | 21.00 | 34.00 | 23.00 | 27.00 | 21.00 | 26.00 | 29.00 | 25.00 | 24.00 | 21.00 | 28.00 | 26.00 | 26.00 |
| Net Profit | 53.00 | 20.00 | 35.00 | 24.00 | 28.00 | 23.00 | 22.00 | 41.00 | 27.00 | 24.00 | 22.00 | 21.00 | 16.00 |
| EPS in Rs | 38.72 | 14.84 | 25.88 | 17.28 | 20.45 | 16.62 | 16.33 | 29.75 | 20.15 | 17.93 | 16.17 | 15.19 | 11.62 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 582.00 | 593.00 | 493.00 | 486.00 | 449.00 | 380.00 | 304.00 | 295.00 | 253.00 | 239.00 | 224.00 | 212.00 |
| Expenses | 428.00 | 426.00 | 373.00 | 382.00 | 334.00 | 268.00 | 243.00 | 236.00 | 195.00 | 192.00 | 186.00 | 175.00 |
| Operating Profit | 154.00 | 167.00 | 120.00 | 105.00 | 115.00 | 113.00 | 61.00 | 59.00 | 58.00 | 48.00 | 38.00 | 37.00 |
| OPM % | 26.00 | 28.00 | 24.00 | 22.00 | 26.00 | 30.00 | 20.00 | 20.00 | 23.00 | 20.00 | 17.00 | 17.00 |
| Other Income | 17.00 | 13.00 | 19.00 | 13.00 | 8.00 | 4.00 | 7.00 | 7.00 | 5.00 | 6.00 | 3.00 | 3.00 |
| Interest | 4.00 | 4.00 | 6.00 | 8.00 | 8.00 | 9.00 | 12.00 | 12.00 | 14.00 | 16.00 | 19.00 | 20.00 |
| Depreciation | 23.00 | 24.00 | 23.00 | 23.00 | 21.00 | 20.00 | 19.00 | 16.00 | 15.00 | 13.00 | 13.00 | 13.00 |
| Profit before tax | 144.00 | 153.00 | 111.00 | 87.00 | 95.00 | 87.00 | 37.00 | 38.00 | 34.00 | 24.00 | 10.00 | 6.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 25.00 | 27.00 | 26.00 | 19.00 | 25.00 | 33.00 | 34.00 | 33.00 | 40.00 |
| Net Profit | 107.00 | 113.00 | 83.00 | 65.00 | 69.00 | 65.00 | 30.00 | 29.00 | 23.00 | 16.00 | 7.00 | 4.00 |
| EPS in Rs | 78.45 | 82.85 | 60.91 | 47.57 | 50.52 | 47.63 | 22.19 | 20.97 | 16.56 | 11.93 | 4.80 | 2.87 |
| Dividend Payout % | 11.00 | 11.00 | 11.00 | 13.00 | 12.00 | 10.00 | 9.00 | 13.00 | 15.00 | 17.00 | 31.00 | 35.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 |
| Reserves | 683.00 | 582.00 | 479.00 | 404.00 | 351.00 | 286.00 | 223.00 | 200.00 | 175.00 | 157.00 | 138.00 | 136.00 |
| Borrowings | 24.00 | 35.00 | 44.00 | 72.00 | 118.00 | 74.00 | 101.00 | 113.00 | 105.00 | 128.00 | 125.00 | 134.00 |
| Other Liabilities | 109.00 | 99.00 | 100.00 | 88.00 | 72.00 | 66.00 | 63.00 | 57.00 | 59.00 | 56.00 | 53.00 | 45.00 |
| Total Liabilities | 830.00 | 730.00 | 637.00 | 579.00 | 555.00 | 440.00 | 400.00 | 385.00 | 353.00 | 355.00 | 330.00 | 329.00 |
| Fixed Assets | 269.00 | 267.00 | 276.00 | 273.00 | 259.00 | 226.00 | 219.00 | 199.00 | 187.00 | 174.00 | 173.00 | 167.00 |
| CWIP | 3.00 | 2.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 10.00 | 0.00 | 5.00 | 6.00 | 0.00 |
| Investments | 200.00 | 128.00 | 75.00 | 5.00 | 5.00 | 4.00 | 7.00 | 8.00 | 11.00 | 23.00 | 14.00 | 13.00 |
| Other Assets | 358.00 | 334.00 | 284.00 | 299.00 | 291.00 | 209.00 | 174.00 | 168.00 | 155.00 | 153.00 | 137.00 | 149.00 |
| Total Assets | 830.00 | 730.00 | 637.00 | 579.00 | 555.00 | 440.00 | 400.00 | 385.00 | 353.00 | 355.00 | 330.00 | 329.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 171.00 | 108.00 | 137.00 | 112.00 | 55.00 | 58.00 | 52.00 | 47.00 | 31.00 | 27.00 | 64.00 | 32.00 |
| Cash from Investing Activity | -89.00 | -78.00 | -88.00 | -22.00 | -72.00 | -16.00 | -28.00 | -34.00 | -14.00 | -15.00 | -26.00 | -29.00 |
| Cash from Financing Activity | -33.00 | -27.00 | -46.00 | -69.00 | 31.00 | -43.00 | -19.00 | -10.00 | -25.00 | -13.00 | -30.00 | -6.00 |
| Net Cash Flow | 49.00 | 3.00 | 3.00 | 21.00 | 14.00 | -2.00 | 5.00 | 3.00 | -7.00 | -1.00 | 8.00 | -4.00 |
| Free Cash Flow | 148.00 | 89.00 | 111.00 | 88.00 | -15.00 | 36.00 | 22.00 | 9.00 | 8.00 | 29.00 | 39.00 | 1.00 |
| CFO/OP % | 134.00 | 89.00 | 135.00 | 129.00 | 68.00 | 72.00 | 101.00 | 102.00 | 71.00 | 68.00 | 168.00 | 86.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.00 | 75.00 | 81.00 | 79.00 | 78.00 | 78.00 | 81.00 | 84.00 | 94.00 | 93.00 | 86.00 | 84.00 |
| Inventory Days | 189.00 | 214.00 | 196.00 | 207.00 | 264.00 | 262.00 | 255.00 | 238.00 | 284.00 | 246.00 | 178.00 | 282.00 |
| Days Payable | 48.00 | 49.00 | 62.00 | 47.00 | 58.00 | 81.00 | 75.00 | 65.00 | 92.00 | 111.00 | 85.00 | 72.00 |
| Cash Conversion Cycle | 225.00 | 240.00 | 215.00 | 240.00 | 284.00 | 259.00 | 260.00 | 257.00 | 285.00 | 228.00 | 179.00 | 294.00 |
| Working Capital Days | 103.00 | 115.00 | 112.00 | 119.00 | 108.00 | 103.00 | 56.00 | 56.00 | 51.00 | 10.00 | -8.00 | 20.00 |
| ROCE % | 22.00 | 27.00 | 23.00 | 19.00 | 24.00 | 27.00 | 15.00 | 16.00 | 16.00 | 14.00 | 10.00 | 10.00 |
Corporate Actions
23 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 14 Jul 2026 | 14 Jul 2026 | — | 9.00 | |
| Dividend | 18 Jul 2025 | 18 Jul 2025 | — | 9.00 | |
| Dividend | 16 Jul 2024 | 16 Jul 2024 | — | 7.00 | |
| Other | 16 Jul 2024 | — | — | — | Annual General Meeting |
| Dividend | 11 Jul 2023 | — | — | 6.00 | |
| Dividend | 11 Jul 2022 | — | — | 6.00 | |
| Dividend | 09 Aug 2021 | — | — | 5.00 | |
| Dividend | 21 Sep 2020 | — | — | 2.00 | |
| Dividend | 15 Jul 2019 | — | — | 2.75 | |
| Dividend | 10 Sep 2018 | — | — | 2.50 | |
| Dividend | 18 Sep 2017 | — | — | 2.00 | |
| Dividend | 19 Sep 2016 | — | — | 0.50 | |
| Dividend | 06 Apr 2016 | 07 Apr 2016 | — | 1.00 | |
| Dividend | 14 Sep 2015 | — | — | 1.00 | |
| Dividend | 09 Sep 2014 | — | — | 1.50 | |
| Dividend | 17 Sep 2013 | — | — | 1.50 | |
| Dividend | 06 Dec 2012 | 07 Dec 2012 | — | 3.00 | |
| Dividend | 14 Sep 2011 | — | — | 0.75 | |
| Other | 16 Sep 2010 | — | — | — | General |
| Other | 24 Sep 2009 | — | — | — | General |
| Other | 18 Sep 2008 | — | — | — | General |
| Other | 20 Sep 2007 | — | — | — | General |
| Other | 17 Mar 2003 | 26 Mar 2003 | — | — | Voluntary Delisting of Shares |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update4 Mar from care
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Rating update18 Mar 2025 from care
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Rating update31 Jan 2024 from care
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Rating update5 Jan 2023 from care
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Rating update24 Mar 2022 from care
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Rating update28 Feb 2022 from care