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PIX Transmissions (BOM:500333) Gross Margin % : 61.47% (As of Dec. 2023)


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What is PIX Transmissions Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. PIX Transmissions's Gross Profit for the three months ended in Dec. 2023 was ₹786 Mil. PIX Transmissions's Revenue for the three months ended in Dec. 2023 was ₹1,279 Mil. Therefore, PIX Transmissions's Gross Margin % for the quarter that ended in Dec. 2023 was 61.47%.

Warning Sign:

PIX Transmissions Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.6%.


The historical rank and industry rank for PIX Transmissions's Gross Margin % or its related term are showing as below:

BOM:500333' s Gross Margin % Range Over the Past 10 Years
Min: 54.31   Med: 61.53   Max: 66.1
Current: 58.1


During the past 13 years, the highest Gross Margin % of PIX Transmissions was 66.10%. The lowest was 54.31%. And the median was 61.53%.

BOM:500333's Gross Margin % is ranked better than
95.38% of 2942 companies
in the Industrial Products industry
Industry Median: 26.44 vs BOM:500333: 58.10

PIX Transmissions had a gross margin of 61.47% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PIX Transmissions was -2.60% per year.


PIX Transmissions Gross Margin % Historical Data

The historical data trend for PIX Transmissions's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PIX Transmissions Gross Margin % Chart

PIX Transmissions Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.05 63.41 61.82 58.59 56.85

PIX Transmissions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.84 47.43 63.01 61.33 61.47

Competitive Comparison of PIX Transmissions's Gross Margin %

For the Specialty Industrial Machinery subindustry, PIX Transmissions's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PIX Transmissions's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PIX Transmissions's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PIX Transmissions's Gross Margin % falls into.



PIX Transmissions Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

PIX Transmissions's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )=Gross Profit (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=2737.2 / 4814.444
=(Revenue - Cost of Goods Sold) / Revenue
=(4814.444 - 2077.269) / 4814.444
=56.85 %

PIX Transmissions's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=786.3 / 1279.269
=(Revenue - Cost of Goods Sold) / Revenue
=(1279.269 - 492.935) / 1279.269
=61.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


PIX Transmissions  (BOM:500333) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

PIX Transmissions had a gross margin of 61.47% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


PIX Transmissions Gross Margin % Related Terms

Thank you for viewing the detailed overview of PIX Transmissions's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


PIX Transmissions (BOM:500333) Business Description

Traded in Other Exchanges
Address
One BKC, Bandra-Kurla Complex, 12th Floor, Unit No. 1208, B Wing, Bandra (East), Mumbai, MH, IND, 400 051
PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special application. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts and Other.

PIX Transmissions (BOM:500333) Headlines

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