PIX TransmissionsNSE:PIXTRANS +11.37%90 Operating Margin % is 14.80% as of Mar. 2026, which is 21% below its 10-year median of 18.83. GuruFocus rates NSE:PIXTRANS with a GF Score™ of 90/100 and a GF Value™ of ₹1,569.90 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 3,038 Industrial Products companies, PIX Transmissions ranks better than 90.72% on this metric.
PIX Transmissions Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for PIX Transmissions's Operating Margin % or its related term are showing as below:
NSE:PIXTRANS'
s Operating Margin % Range Over the Past 10 Years
Min: 13.47 Med: 18.83 Max: 24.44
Current: 19.38
NSE:PIXTRANS's Operating Margin % is ranked better than 90.72% of 3038
companies
in the Industrial Products industry
Industry Median: 6.53
vs NSE:PIXTRANS: 19.38
PIX Transmissions's 5-Year Average Operating Margin % Growth Rate was 0.30% per year.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
PIX Transmissions Operating Margin % Related Terms
PIX Transmissions Operating Margin % Historical Data
* Premium members only.
The historical data trend for PIX Transmissions's Operating 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.
NSE:PIXTRANS vs GEV, ETN, PH: Operating Margin % Comparison
For the Specialty Industrial Machinery subindustry, PIX Transmissions's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, PIX Transmissions's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PIX Transmissions's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
PIX Transmissions's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
PIX Transmissions (NSE:PIXTRANS) has a Operating Margin % of 14.80% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PIX Transmissions and its competitors. This is 21% below median its historical median of 18.83. Over the past decade, PIX Transmissions' Operating Margin % has ranged from 13.47 to 24.44. According to the industry distribution chart, PIX Transmissions ranks #282 out of 3038 companies in the Industrial Products industry, placing it in the top 9.3%.
Is PIX Transmissions' Operating Margin % too high?
PIX Transmissions' current Operating Margin % of 14.80% is 21% below median its 10-year median of 18.83. Over the past 10 years, this metric has ranged from a low of 13.47 to a high of 24.44. The Industrial Products industry median Operating Margin % is 6.53. PIX Transmissions' value of 14.80% is 126.6% above this industry median. Based on the distribution chart, PIX Transmissions ranks #282 out of 3038 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, PIX Transmissions has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PIX Transmissions' Operating Margin % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, PIX Transmissions ranks #282 out of 3038 companies for Operating Margin %. This places PIX Transmissions in the top 9% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.53. PIX Transmissions' value of 14.80% is 126.6% above this benchmark. Historically, PIX Transmissions' own Operating Margin % has ranged from 13.47 to 24.44 over the past decade. While the company's 10-year median is 18.83 vs. the industry median of 6.53, PIX Transmissions has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.53, based on 3,038 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PIX Transmissions's current Operating Margin % of 14.80% is 126.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on PIX Transmissions and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PIX Transmissions's current Operating Margin % is 14.80%, which is 21% below median its own 10-year median of 18.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PIX Transmissions stock overvalued right now?
Based on GuruFocus' analysis, PIX Transmissions (NSE:PIXTRANS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,569.90, compared to a current price of ₹1,796.10 — trading 14.4% above its estimated fair value. The current Operating Margin % is 14.80%, which is 21% below median its 10-year median of 18.83 and 126.6% above the Industrial Products industry median of 6.53. PIX Transmissions' overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For PIX Transmissions (NSE:PIXTRANS), the current Operating Margin % is 14.80% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PIX Transmissions (NSE:PIXTRANS) Overvalued in 2026?
Based on GuruFocus' analysis, PIX Transmissions stock appears to be overvalued.
The current stock price of ₹1,796.10 is trading 14.4% above its estimated GF Value™ of ₹1,569.90.
GuruFocus considers PIX Transmissions to be Modestly Overvalued.
Key valuation signals for NSE:PIXTRANS:
Operating Margin %: 14.80% (21% below median its 10-year median of 18.83)
GF Value™: ₹1,569.90 vs. price of ₹1,796.10 (14.4% above fair value)
Industry Position: 126.6% above the Industrial Products median (#282 of 3038)
No single metric tells the full story. See the NSE:PIXTRANS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 applications. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts, and Others. The products of the company are sold both in the domestic and export markets, of which the exports generate maximum revenue.
90GF Score
Get the complete analysis for NSE:PIXTRANS
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:PIXTRANS has been successfully added to your 
