PIX Transmissions Limited
NSE: PIXTRANS · Rubber · sector
₹1,648.70NSE close 2026-10-26
Key numbers
Market cap₹2,246 cr
Price₹1,648.70
52w high / low₹2,089 / ₹1,252
P/E17.1xSector median 16.9x
P/B3.2xSector median 3.2x
Book value₹511.4
Dividend yield0.54%Sector median 1.03%
ROE20.4%Sector median 16.3%
ROCE24.8%Sector median 13.8%
OPM25.3%Sector median 12.0%
Debt / equity0.03xSector median 0.28x
EV/EBITDA12.7xSector median 12.7x
Interest cover60.6x
Current ratio6.86x
Sales growth 3y+6.2%Sector median +6.0%
Profit growth 3y+18.1%Sector median -2.1%
PEG0.94x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in Rubber (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹308 cr vs borrowings ₹24 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹68 cr → ₹24 cr).
- Operating profit covered interest 60.6x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 36% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹1,648.70 on 2026-10-26: -21.1% from the 52-week high, +31.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,702.70 · low ₹1,265.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 159 | 140 | 162 | 122 | 139 | 151 | 171 | 149 |
| EBITDA | 50 | 34 | 33 | 28 | 34 | 43 | 31 | 46 |
| OPM % | 31.7% | 24.1% | 20.1% | 22.7% | 24.8% | 28.8% | 18.1% | 30.6% |
| Other income | 11 | 5 | 4 | 14 | 5 | 9 | 6 | 27 |
| Net profit | 41 | 22 | 23 | 28 | 24 | 35 | 20 | 53 |
| EPS (₹) | 29.75 | 16.33 | 16.62 | 20.45 | 17.28 | 25.88 | 14.84 | 38.71 |
| Revenue YoY | -12.7% | +8.4% | +5.5% | +22.8% | ||||
| Profit YoY | -41.9% | +58.5% | -10.7% | +89.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 449 | 486 | 493 | 589 | 582 | 610 |
| EBITDA | 114 | 104 | 120 | 162 | 153 | 154 |
| Net profit | 69 | 65 | 83 | 113 | 107 | 132 |
| EPS (₹) | 50.53 | 47.57 | 60.91 | 82.84 | 78.45 | 96.71 |
| Revenue growth | +8.2% | +1.4% | +19.5% | -1.2% | +4.8% | |
| Profit growth | -5.8% | +28.0% | +36.0% | -5.3% | +16.3% | |
| Dividend / share (₹) | – | 6.00 | 6.00 | 7.00 | 9.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.2% | – | +4.8% |
| Net profit | +18.1% | – | +16.3% |
| EPS | +18.1% | – | – |
| Share price | – | +7.7% (2y) | +19.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 418 | 493 | 596 | 697 |
| Borrowings | – | 68 | 44 | 35 | 24 |
| Cash & equivalents | – | 57 | 131 | 197 | 308 |
| Total assets | – | 575 | 637 | 730 | 830 |
| Fixed assets | – | 272 | 270 | 263 | 267 |
| Capital work in progress | – | 0 | 2 | 2 | 3 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 105 | 110 | 122 | 135 |
| Inventory | – | 105 | 98 | 120 | 102 |
| Payables | – | 24 | 31 | 27 | 26 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 55 | 112 | 137 | 108 | 171 |
| Cash from investing | -72 | -22 | -88 | -78 | -89 |
| Cash from financing | 32 | -69 | -46 | -27 | -33 |
| Capex | 71 | 25 | 27 | 21 | 25 |
| Free cash flow | -16 | 87 | 110 | 87 | 146 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 15.5% | 16.8% | 18.9% | 15.3% |
| ROCE % | – | 19.3% | 21.5% | 24.7% | 20.4% |
| Debtor days | – | 79 | 81 | 75 | 85 |
| Inventory days | – | 194 | 190 | 206 | 182 |
| Payable days | – | 44 | 60 | 47 | 47 |
| Cash conversion cycle (days) | – | 229 | 211 | 234 | 220 |
| Working capital days | – | 159 | 209 | 237 | 296 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.06% |
| FIIs | 0.61% |
| DIIs | 2.76% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 34.57% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.82% | 61.82% | 61.82% | 61.82% | 62.06% | 62.06% | 62.06% | 62.06% |
| Promoter group | % |
|---|---|
| Sonepal Singh Sethi | 11.16% |
| Singh Rishipal Sethi | 8.64% |
| Amarpal Sethi | 7.58% |
| Karanpal Sethi | 7.13% |
| Nirmal Sethi | 7.09% |
| Sukhpal Singh Sethi | 6.36% |
| Inderjeet Sethi | 6.31% |
| Davinder Sethi | 4.99% |
| Kamalpreet Sethi | 1.68% |
| Saba Sethi | 0.69% |
| Pooja Pardasani | 0.23% |
| Amit Sethi | 0.21% |
| Roshni Sethi | 0.00% |
| Muskaan Sethi | 0.00% |
| Ravin Kaur Kohli | 0.00% |
| Public holders above 1% | % |
|---|---|
| Iepf | 3.43% |
| Shirley Paul | 1.40% |
| New Mark Capital AIF LLP | 1.16% |
27,732 shareholders. Pledged: – of promoter shares.
Peers in Rubber
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| APCOTEXIND | ₹2,715 cr | 16.9x | 4.4x | 27.5% | 31.2% | 16.1% | +10.1% | 1.33% |
| PIXTRANS | ₹2,246 cr | 17.1x | 3.2x | 20.4% | 24.8% | 25.3% | +6.2% | 0.54% |
| TINNARUBR | ₹1,357 cr | 21.7x | 4.5x | 25.8% | 22.6% | 18.6% | – | 0.51% |
| GRPLTD | ₹930 cr | 164.1x | 5.2x | 3.1% | 7.4% | 8.1% | +5.9% | 0.83% |
| HARRMALAYA | ₹287 cr | 10.6x | 1.6x | 16.3% | 13.8% | 4.1% | +3.5% | – |
| RUBFILA | ₹270 cr | 10.2x | 0.9x | 8.7% | 11.7% | 6.8% | – | 4.02% |
| AMEENJI | ₹264 cr | 41.6x | 6.1x | 14.6% | 34.6% | 15.7% | – | – |
| RISHIROOP | ₹112 cr | 5.1x | 0.8x | 8.0% | 10.3% | 12.0% | -6.7% | 1.23% |
| SAMPANN | ₹106 cr | 15.1x | 2.3x | 22.0% | 7.8% | 10.6% | +35.2% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-14 | Dividend | Dividend - Rs 9 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 9 Per Share |
| 2024-07-16 | Other | Annual General Meeting |
| 2024-07-16 | Dividend | Dividend - Rs 7 Per Sh |
| 2023-07-11 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2022-07-11 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of V-Belts: Manufacturing of power transmission belts
- Trading: Trading of power ware products
| Sector | Industrials |
| Industry | Rubber |
| Sub-industry | Rubber |
| Symbol | PIXTRANS |
| BSE code | 500333 |
| ISIN | INE751B01018 |
| Face value | ₹10.0 |
| Incorporated | 1981-07-22 |
| Website | www.pixtrans.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.