Pix Transmissions (PIXTRANS) | Financial Analysis & Statements
Pix Transmissions Ltd. Small-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
1.2B
Gross Profit
794.9M
65.40%
Operating Income
217.2M
17.87%
Net Income
278.6M
22.92%
EPS (Diluted)
₹20.45
Balance Sheet Metrics
Total Assets
7.3B
Total Liabilities
1.3B
Shareholders Equity
6.0B
Debt to Equity
0.23
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Pix Transmissions Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 5.8B | 4.9B | 4.8B | 4.5B | 3.8B |
| Cost of Goods Sold | 2.2B | 1.9B | 2.0B | 1.9B | 1.4B |
| Gross Profit | 3.6B | 3.0B | 2.8B | 2.6B | 2.3B |
| Gross Margin % | 62.4% | 60.4% | 58.4% | 58.6% | 61.8% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 216.1M | 175.2M | 182.5M | 290.6M | 194.9M |
| Other Operating Expenses | 678.8M | 562.2M | 488.5M | 314.1M | 266.0M |
| Total Operating Expenses | 894.9M | 737.4M | 671.0M | 604.7M | 460.9M |
| Operating Income | 1.4B | 1.0B | 824.8M | 948.1M | 927.1M |
| Operating Margin % | 24.3% | 20.5% | 17.1% | 21.2% | 24.4% |
| Non-Operating Items | |||||
| Interest Income | 21.6M | 13.8M | 12.0M | 13.9M | 18.3M |
| Interest Expense | 32.6M | 45.0M | 72.1M | 65.3M | 78.7M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 1.5B | 1.1B | 865.1M | 945.8M | 873.4M |
| Income Tax | 396.4M | 277.2M | 216.9M | 257.4M | 224.4M |
| Effective Tax Rate % | 26.0% | 25.0% | 25.1% | 27.2% | 25.7% |
| Net Income | 1.1B | 829.9M | 648.2M | 688.4M | 649.0M |
| Net Margin % | 19.4% | 17.0% | 13.5% | 15.4% | 17.1% |
| Key Metrics | |||||
| EBITDA | 1.8B | 1.3B | 1.1B | 1.2B | 1.2B |
| EPS (Basic) | ₹82.84 | ₹60.91 | ₹47.57 | ₹50.53 | ₹47.63 |
| EPS (Diluted) | ₹82.84 | ₹60.91 | ₹47.57 | ₹50.53 | ₹47.63 |
| Basic Shares Outstanding | 13625000 | 13625000 | 13625000 | 13625000 | 13625000 |
| Diluted Shares Outstanding | 13625000 | 13625000 | 13625000 | 13625000 | 13625000 |
Income Statement Trend
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Pix Transmissions Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 519.8M | 485.3M | 453.8M | 244.0M | 100.8M |
| Short-term Investments | 1.4B | 776.8M | 97.8M | 53.4M | 76.0M |
| Accounts Receivable | 1.2B | 1.1B | 1.1B | 954.5M | 815.4M |
| Inventory | 1.2B | 979.4M | 1.1B | 1.2B | 967.0M |
| Other Current Assets | 98.0M | -1.0K | -1.0K | 175.4M | 2.0K |
| Total Current Assets | 4.5B | 3.5B | 3.0B | 2.7B | 2.1B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 258.7M | 255.4M | 246.0M | 1.4B | 209.7M |
| Goodwill | 24.2M | 50.5M | 10.5M | 3.0M | 2.2M |
| Intangible Assets | 24.2M | 50.5M | 10.5M | 3.0M | 2.2M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 49.9M | 20.3M | 27.1M | 181.7M | 3.0K |
| Total Non-Current Assets | 2.8B | 2.8B | 2.8B | 2.8B | 2.3B |
| Total Assets | 7.3B | 6.4B | 5.8B | 5.5B | 4.4B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 272.5M | 311.5M | 237.8M | 272.9M | 299.8M |
| Short-term Debt | 118.4M | 114.5M | 244.2M | 566.4M | 351.6M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 3.0K | 1.0K | -2.0K | -1.0K | 5.9M |
| Total Current Liabilities | 684.7M | 708.6M | 821.1M | 1.1B | 795.2M |
| Non-Current Liabilities | |||||
| Long-term Debt | 235.4M | 325.8M | 477.4M | 613.4M | 386.4M |
| Deferred Tax Liabilities | 91.0M | 92.3M | 76.4M | 117.4M | 111.1M |
| Other Non-Current Liabilities | - | 1.0K | 2.0K | 1.0K | 1.0K |
| Total Non-Current Liabilities | 659.1M | 733.0M | 784.0M | 845.1M | 607.0M |
| Total Liabilities | 1.3B | 1.4B | 1.6B | 1.9B | 1.4B |
| Equity | |||||
| Common Stock | 136.2M | 136.2M | 136.2M | 136.2M | 136.2M |
| Retained Earnings | 5.5B | 4.5B | 3.7B | 3.2B | 2.6B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 6.0B | 4.9B | 4.2B | 3.6B | 3.0B |
| Key Metrics | |||||
| Total Debt | 353.8M | 440.3M | 721.5M | 1.2B | 738.0M |
| Working Capital | 3.8B | 2.8B | 2.2B | 1.7B | 1.3B |
Balance Sheet Composition
Pix Transmissions Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1.5B | 1.1B | 865.1M | 945.8M | 873.4M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -347.1M | 141.4M | 1.6M | -421.5M | -405.8M |
| Operating Cash Flow | 1.2B | 1.3B | 932.8M | 580.5M | 533.4M |
| Investing Activities | |||||
| Capital Expenditures | -191.2M | -209.2M | -227.8M | -704.2M | -223.7M |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | - | - | - | -28.7M | -88.0K |
| Investment Sales | - | - | 5.0M | - | 2.1M |
| Investing Cash Flow | -191.2M | -209.2M | -222.8M | -733.0M | -221.6M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -94.6M | -81.6M | -81.0M | -67.5M | -27.4M |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | - | - | - | -55.4M |
| Financing Cash Flow | -94.6M | -81.6M | -81.0M | -67.5M | -82.9M |
| Free Cash Flow | 871.2M | 1.1B | 874.0M | -156.9M | 329.4M |
| Net Change in Cash | 906.7M | 991.7M | 629.0M | -220.0M | 228.9M |
Cash Flow Trend
Pix Transmissions Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
18.91
Price to Book
3.24
Price to Sales
3.59
PEG Ratio
0.32
Profitability Ratios
Profit Margin
19.00%
Operating Margin
24.80%
Return on Equity
18.94%
Return on Assets
15.45%
Financial Health
Current Ratio
7.11
Debt to Equity
4.66
Beta
-0.05
Per Share Data
EPS (TTM)
₹80.26
Book Value per Share
₹468.34
Revenue per Share
₹422.28
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| PIXTRANS | 20.7B | 18.91 | 3.24 | 18.94% | 19.00% | 4.66 |
| ABB India | 1.6T | 93.01 | 19.82 | 22.39% | 12.64% | 1.08 |
| Cummins India | 1.5T | 64.78 | 18.37 | 26.45% | 19.32% | 0.31 |
| Anup Engineering | 43.5B | 35.58 | 6.43 | 19.33% | 13.80% | 24.78 |
| Wpil | 40.6B | 34.11 | 2.75 | 7.88% | 6.24% | 31.90 |
| GMM Pfaudler Limited | 41.1B | 231.96 | 3.50 | 5.14% | 0.52% | 89.64 |
Financial data is updated regularly. All figures are in the company's reporting currency.




