Risk factor
Very poor trading liquidity
Profitability factor
Very strong margins and returns
About
PIX Transmissions Limited, founded in 1981 and headquartered in Mumbai, India, specializes in the production and distribution of belts and related mechanical power transmission solutions. The company's broad product range encompasses various belt types, including ribbed/poly-V, timing/synchronous, banded, automotive, industrial, specialized, agriculture, lawn and garden, and V-belts. Complementing these, PIX offers "PowerWare" components such as pulleys, couplings, custom-engineered parts, and tensioners and idler pulleys. Furthermore, their accessory line features essential tools like service kits, various gauges (for pulleys, profiles, poly-V wear, and timing belts), laser-guided pulley alignment devices, belt length measurement instruments, tension meters and testers, and X'slit belt cutting tools. These offerings serve an extensive array of 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, rice/flour mills, steel, textile, wood, and building and construction. While its primary operations are in India, PIX Transmissions also actively exports its products globally.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, r