Pix Transmissions Limited (PIXTRANS) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Pix Transmissions Limited ₹1,239, price ₹1,809, upside -31.5%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
53‑month range ₹696.59 – ₹2,685 · fair‑value band ₹873.99 – ₹1,726 · the ₹1,809 price screens above the ₹1,239 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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PIX Transmissions Limited, together with its subsidiaries, manufactures and sells belts and related mechanical power transmissions products in India and internationally.
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PIX Transmissions Limited, together with its subsidiaries, manufactures and sells belts and related mechanical power transmissions products in India and internationally. The company offers ribbed/poly-V, timing/synchronous, banded, automotive, industrial, special, agriculture, lawn and garden, and V-belts; and PowerWare products, such as dual duty V-pulleys, couplings, bespokes, and tensioners and idler pulleys, as well as auto aftermarket products. It also provides accessories, including service kits, pulley gauges, laser-guided pulley alignment tools, belt length measurers, digital tension meters, analog tension testers, poly-V belt wear gauges, timing belt wear gauges, belts profile gauges, and X'slit belt cutting tools; and trades in rubber industrial products. The company's products are used in 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, forestry and wood working, and building and construction industries. PIX Transmissions Limited was incorporated in 1981 and is based in Mumbai, India.
Stock analysis
Pix Transmissions Limited (PIXTRANS) currently trades at ₹1,809, while our model-based Fair Value estimate is ₹1,239, 31.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,525 per share, and 1 of the 26 models we run sit above the ₹1,809 price.
Bear case: the Asset-Based group reads lowest at ₹342.58, and 25 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹873.99 (bear) to ₹1,726 (bull), the price of ₹1,809 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Pix Transmissions Limited reported revenue of ₹5.8B in FY2026 versus ₹4.5B in FY2022, a compound +6.8%/yr. Reported net income was ₹1.1B in FY2026, compounding +11.6%/yr from FY2022.
Key figures
Market cap ₹24.7B (≈ $256M) · P/E ratio 23.0 · P/S ratio 4.23 · EPS (TTM) ₹78.53 · Dividend yield 0.5% · Net margin 18.4% · Return on equity 16.5% · Return on assets (EBIT) 21.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −32%, PIXTRANS screens cheaper than that median.
Fair Value models
Bear ₹873.99Fair Value ₹1,239Bull ₹1,726
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹35.24 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2021 (pandemic). Over 10 years: +9.5% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.5% vs 32.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 24%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +11.4% a year for the price.
Compare Pix Transmissions Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 791 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−31.5% · Above median
Profitability
Return on equity (TTM)16.5% · Top 25%
Return on assets10.5% · Top 25%
Net margin (TTM)18.3% · Top 25%
Operating margin (TTM)23.5% · Top 25%
Growth and dividend
Revenue growth0.8% · Below median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)23.0× · Cheaper than median
P/B3.54× · Pricier than median
P/S (TTM)4.22× · Priciest 25%
P/FCF17.0× · Cheaper than median
EV/EBITDA15.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)4· sector 28
PAST (return on equity)66· sector 27
HEALTH (low debt)99· sector 96
DIVIDEND (yield)10· sector 26
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Pix Transmissions Limited (PIXTRANS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹1,239 versus a price of ₹1,809, about −32% upside (overvalued).
What is the fair value of PIXTRANS?
Our model-based fair value for Pix Transmissions Limited is ₹1,239 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1,809.
What is the quality score of PIXTRANS?
Pix Transmissions Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Pix Transmissions Limited (PIXTRANS)?
Our model-based price target is the fair value of ₹1,239 (as of Sep 27, 2026) from 26 valuation models. Cautious scenario ₹873.99, optimistic scenario ₹1,726. It is a calculation from audited fundamentals, not an analyst target.
What is the Pix Transmissions Limited stock forecast for 2026?
Our models put fair value at ₹1,239, about −32% upside versus a price of ₹1,809 (overvalued). Cautious scenario ₹873.99, optimistic scenario ₹1,726. The calculation is refreshed regularly with new filings.
What is the revenue of Pix Transmissions Limited (PIXTRANS)?
Pix Transmissions Limited reported trailing-twelve-month revenue of about ₹5.8B (latest available figure, as of Sep 27, 2026).
Does Pix Transmissions Limited pay a dividend?
Pix Transmissions Limited currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Pix Transmissions Limited (PIXTRANS)?
For today's price to be fair in a discounted-cash-flow model, Pix Transmissions Limited would have to grow free cash flow by +16.0 % per year for five years (discount rate 15.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of PIXTRANS use?
Our models discount Pix Transmissions Limited at 15.4 %: a base by market capitalisation (micro), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Pix Transmissions Limited that is +16.0 % per year a year over ten years, using the same discount rate (15.4 %) and the same formula as our fair value.
How much growth has Pix Transmissions Limited (PIXTRANS) delivered so far?
Over the past 5 years revenue at Pix Transmissions Limited grew +9.0 % a year. The price currently implies +16.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Pix Transmissions Limited (PIXTRANS) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Pix Transmissions Limited (+16.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pix Transmissions Limited (PIXTRANS)?
The free-cash-flow yield on the price is 5.89 %: that much free cash flow Pix Transmissions Limited produces per unit of market value. When it exceeds the discount rate of our models (15.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pix Transmissions Limited (PIXTRANS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pix Transmissions Limited it is ₹1,239 per share (as of Sep 27, 2026), against a price of ₹1,809. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Pix Transmissions Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, PIXTRANS trades above its calculated fair value: price ₹1,809, fair value ₹1,239, a gap of about −32% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PIXTRANS?
No. The price is what the market pays today (₹1,809); the fair value is what the company's own numbers justify (₹1,239). For Pix Transmissions Limited the two are ₹570.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pix Transmissions Limited worth?
The market values Pix Transmissions Limited at about ₹24.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹1,809; our models calculate a fair value of ₹1,239 per share.
What do the bullish and bearish scenarios say about PIXTRANS?
Our models span a range for Pix Transmissions Limited: cautious scenario ₹873.99, base ₹1,239, optimistic ₹1,726 per share (as of Sep 27, 2026, price ₹1,809). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PIXTRANS?
Pix Transmissions Limited trades at a price-to-earnings ratio of 23.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,239 is built from several models across several years. Other multiples: P/B 3.5, P/S 4.2, EV/EBITDA 15.5.
How solid is the balance sheet of Pix Transmissions Limited (PIXTRANS)?
Balance-sheet figures for Pix Transmissions Limited (as of Sep 27, 2026): return on equity 16.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is PIXTRANS from its 52-week high?
Pix Transmissions Limited trades at ₹1,809, about 9% below its 52-week high of ₹1,987 and 43% above the low of ₹1,263 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,239 is for.
Which stocks are comparable to Pix Transmissions Limited?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Pix Transmissions Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1,809, calculated fair value ₹1,239 (−32%), Quality Score 65/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PIXTRANS calculated?
We run Pix Transmissions Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,239, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Pix Transmissions Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Pix Transmissions Limited (PIXTRANS)?
The closing price on Oct 1, 2026 was ₹1,809. Our model-based fair value is ₹1,239, about −32% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pix Transmissions Limited right now?
The price sits above even our optimistic bull case (₹1,726). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹873.99 to ₹1,726) leaves room in how you read the outcome.
Where does the earnings growth of Pix Transmissions Limited (PIXTRANS) come from?
Earnings per share at Pix Transmissions Limited grew +30.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.1 %, EBIT margin +14.1 %, tax rate +1.4 %, residual (interest, one-offs) +2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Pix Transmissions Limited
How large is the market capitalisation of Pix Transmissions Limited (PIXTRANS)?
The market capitalisation of Pix Transmissions Limited is ₹24.7B (≈ $256M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Pix Transmissions Limited (PIXTRANS)?
The price-to-sales ratio of Pix Transmissions Limited is 4.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Pix Transmissions Limited (PIXTRANS)?
Earnings per share at Pix Transmissions Limited are ₹78.53 (price ÷ EPS = P/E 23.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pix Transmissions Limited (PIXTRANS)?
The dividend yield of Pix Transmissions Limited is 0.5% (payout 11.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Pix Transmissions Limited (PIXTRANS)?
The net margin of Pix Transmissions Limited is 18.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Pix Transmissions Limited (PIXTRANS)?
The return on equity (ROE) of Pix Transmissions Limited is 16.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Pix Transmissions Limited (PIXTRANS)?
On an EBIT basis the return on assets of Pix Transmissions Limited is 21.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Pix Transmissions Limited (PIXTRANS)?
The operating margin of Pix Transmissions Limited is 23.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pix Transmissions Limited (PIXTRANS)?
Revenue at Pix Transmissions Limited is growing +0.8% versus a year earlier (3y avg +6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Pix Transmissions Limited (PIXTRANS)?
Earnings per share at Pix Transmissions Limited are growing −10.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Pix Transmissions Limited (PIXTRANS) hold?
Pix Transmissions Limited holds more cash than debt, ₹838M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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