PIX Transmissions Limited stands as India's leading manufacturer of belts and related mechanical power transmission products. Founded on July 22, 1981, and headquartered in Mumbai, India, the company has established itself as a dominant force in the power transmission industry. Originally incorporated as a private limited company in Maharashtra, PIX Transmissions transitioned to a public limited company on September 27, 1989.
The company operates state-of-the-art belt manufacturing units alongside an ultra-sophisticated, automated rubber mixing facility. PIX Transmissions maintains manufacturing units and an automated rubber mixing facility in Nagpur, India, which includes a design center, fabrication workshop, elaborate testing facilities, and an ultra-modern production facility.
PIX Transmissions offers a comprehensive product portfolio that includes industrial belts, agricultural belts, lawn & garden belts, automotive belts, hi-power rated belts, power-ware products, and various accessories. The company's detailed product range encompasses ribbed/poly-V, timing/synchronous, banded, automotive, industrial, special, agriculture, lawn and garden, and V-belts, along with PowerWare products such as pulleys, couplings, bespokes, and tensioners and idler pulleys.
The company maintains a large number of SKUs and sells more than 80% of its products under its own brand name, primarily serving the after-sales market. PIX Transmissions products find applications across diverse industries including 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, wood, and building and construction sectors.
PIX Transmissions has established overseas subsidiary operations in Europe and the Middle East, complemented by over 250 committed channel partners spanning across more than 100 countries worldwide. The company actively exports its products internationally, demonstrating its global market reach and competitiveness.
PIX holds the distinction of being the only Indian company to manufacture hoses and fittings in-house, providing complete fluid power transfer solutions. The company has received prestigious ATEX certification from Germany for its fire-resistant antistatic belts, and has achieved approvals for hoses from MSHA, GL, DGMS, USCG, and DNV Lloyds Register. PIX has consistently received the Outstanding Export Performance award from the Export Promotion Council, Government of India, and is the recipient of the prestigious Niryat Shree award.
As of recent market data, PIX Transmissions commands a market capitalization of ₹2,109 crores. The company's market cap stood at ₹2,195.4 crores as of April 3, 2025, while another report indicates a market capitalization of ₹21.73 billion with a recent 0.46% increase over the previous week.
• Market Capitalization: ₹2,109 crores (as of recent data)
• Q3 FY25 Revenue from Operations: ₹139.51 crore (down 12.29% QoQ, up 9.06% YoY)
• Q3 FY25 Consolidated Net Profit: ₹22.24 crore (up 0.95% YoY)
• Q2 FY25 Revenue from Operations: ₹159.05 crore (up 27.89% YoY)
• Q2 FY25 Profit Before Tax: ₹54.29 crore (up 94.37% YoY)
• FY25 Annual Net Profit: ₹112.88 crore (up 36.02% YoY)
• FY25 Annual Sales: ₹589.45 crore (up 19.55% YoY)
• Debt-to-Equity Ratio: 7%
• Last Dividend Per Share: ₹7.00
• Recommended Final Dividend (May 2025): ₹9 per equity share (90%)
PIX Transmissions maintains a healthy financial position with the company being almost debt-free. The company maintains a reasonable debt-to-equity ratio of 7%, signaling a healthy balance sheet.
PIX Transmissions pays dividends annually, with the last dividend per share being Rs 7.00. The current dividend yield stands at 0.44%. The Board of Directors recommended a final dividend of Rs 9 per equity share (90%) for approval by shareholders in May 2025.
The company's board has approved a capital expenditure project for the installation of a 9.3 MW captive solar power plant at an estimated cost of Rs 30 crore. This project is expected to be completed within 18 months from grid connectivity approval. The company's rationale for this project is to mitigate electricity costs and harness sustainable energy sources.
PIX Transmissions continues to strengthen its position in the power transmission industry through technological advancement, product innovation, and strategic expansion of its global footprint. The company's focus on sustainability, quality manufacturing, and customer-centric solutions positions it well for future growth in the evolving industrial landscape.
