Why is Pix Transmission Ltd ?
1
Company has a low Debt to Equity ratio (avg) at 0.07 times
2
Poor long term growth as Net Sales has grown by an annual rate of 10.11% and Operating profit at 10.19% over the last 5 years
3
Flat results in Mar 26
- PBT LESS OI(Q) At Rs 24.31 cr has Fallen at -10.16%
- PAT(Q) At Rs 20.22 cr has Fallen at -10.7%
- OPERATING PROFIT TO NET SALES (Q) Lowest at 18.05%
4
Stock is technically in a Bullish range
- The technical trend has improved from Mildly Bullish on 21-May-26 and has generated -7.93% returns since then
- Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST and OBV
5
With ROE of 15.1, it has a Expensive valuation with a 3.4 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -12.82%, its profits have fallen by -4.7%
6
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
How much should you hold?
- Overall Portfolio exposure to Pix Transmission should be less than 10%
- Overall Portfolio exposure to Industrial Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Pix Transmission for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Pix Transmission
42.05%
-0.41
30.91%
Sensex
-3.04%
-0.49
12.94%
Quality key factors
Factor
Value
Sales Growth (5y)
7.22%
EBIT Growth (5y)
4.81%
EBIT to Interest (avg)
26.02
Debt to EBITDA (avg)
0.53
Net Debt to Equity (avg)
-0.41
Sales to Capital Employed (avg)
0.93
Tax Ratio
24.93%
Dividend Payout Ratio
10.86%
Pledged Shares
0
Institutional Holding
3.30%
ROCE (avg)
24.34%
ROE (avg)
17.10%
Valuation Key Factors 
Factor
Value
P/E Ratio
21
Industry P/E
77
Price to Book Value
3.94
EV to EBIT
18.79
EV to EBITDA
15.95
EV to Capital Employed
5.96
EV to Sales
4.04
PEG Ratio
1.28
Dividend Yield
0.45%
ROCE (Latest)
27.31%
ROE (Latest)
15.34%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
No Trend
No Trend
Technical Movement
21What is working for the Company
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 108.06 cr
NET SALES(Q)
At Rs 149.25 cr has Grown at 22.80%
PBDIT(Q)
Highest at Rs 45.65 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 30.59%
PBT LESS OI(Q)
Highest at Rs 39.22 cr.
PAT(Q)
Highest at Rs 52.75 cr.
EPS(Q)
Highest at Rs 38.73
-2What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 4.31 times
NON-OPERATING INCOME(Q)
is 41.15 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Pix Transmission
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 39.22 cr has Grown at 86.67%
Year on Year (YoY)MOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 52.75 cr has Grown at 89.3%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Net Sales - Quarterly
At Rs 149.25 cr has Grown at 22.80%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 45.65 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 30.59%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 39.22 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 52.75 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 38.73
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 108.06 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Pix Transmission
Non Operating Income - Quarterly
is 41.15 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Debtors Turnover Ratio- Half Yearly
Lowest at 4.31 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
Non Operating Income - Quarterly
Highest at Rs 27.42 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income