Pix Transmission Ltd

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• Pix Transmissions Ltd. is an Indian manufacturer of industrial and automotive belts and related mechanical transmission products. It was incorporated in 1981 with headquarters in Mumbai. The company’s quarterly total income on 31 March 2022 was Rs. 127.54 crore. It was up by 10.07% from the previous quarter ended 31 December 2021. On 15 June 2022, Pix Transmission Ltd’s market capitalisation was worth Rs. 1,131 crore.

  The company is listed on the Bombay Stock Exchange with the code 500333, and on the National Stock Exchange with the code PIXTRANS.

  Pix Transmissions Ltd. features ultra-modern belt manufacturing units and an advanced, automated rubber mixing facility. Its product range includes v-belts, banded belts, automotive belts, industrial belts, agriculture belts, Powerware products, lawn and garden belts, special belts, ribbed and poly-v belts. Its overseas subsidiaries are in Europe and the Middle East, along with over 250 Channel Partners in more than 100 countries across the globe.

  The top management of the company includes Mr Amarpal Sethi as Chairman & Managing Director and Mr Rishipal Sethi and Mr Sonepal Sethi as the Joint Managing Directors. Mr Joe Paul, Mr Karanpal Sethi, Ms Shirley Paul, Mr Sukhpal Singh Sethi, Mr Jose Jacob, Mr Nigel Savio Lobo, Mr Pradeep Havnur, Mr Mohammad Adil Ansari, Mr Aqueel A Mulla, Mr Amit Lala, and Mr Prakashchand Khasgiwala are the directors of the company.

  As of 31 March 2022, 61.78% of the company’s share was with the promoters. It has increased by 0.05% from the quarter ended 30 June 2021. The remaining shareholding pattern on 31 March 2022 showed a 0.05% stake with Foreign Institutional Investors, 0.32% with Domestic Institutional Investors, and 37.85% with the public.

  On 15 June 2022, Pix Transmission’s share price on BSE was trending at Rs. 826.30. Pix Transmission’s share price on NSE was trending at Rs. 830.45. Pix Transmission’s share price today, 15 June 2022, was down by 1.54% and 0.95% on BSE and NSE, respectively, from the previous day’s closing price. The 52-week high for Pix Transmission Ltd.’s share price was Rs. 1,121.20, and the 52-week low share price of Pix Transmission was Rs. 713.70.

  Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.