Pix Transmissions Limited has informed the Exchange about Credit Rating
PIXTRANS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Pix Transmissions' credit ratings: CARE A+ (Stable) for long-term bank facilities and CARE A1+ for short-term bank facilities, with a Stable outlook. Total rated facilities stand at around ₹113.77 crore. The long-term term loan was reduced from ₹19.92 crore to ₹7.27 crore. The company posted strong FY25 numbers with revenue of ₹597.63 crore, PBILDT margin of 28.72%, and PAT of ₹112.88 crore, alongside a nearly debt-free balance sheet (overall gearing 0.06x) and negative net debt. Cash and liquid investments stood at ₹238.43 crore as of September 2025. Some near-term softness in exports and a 143-day working capital cycle are noted as concerns.
This is a positive, stability-confirming signal for shareholders — the reaffirmed A+/A1+ ratings with a Stable outlook reflect strong financial health, comfortable debt coverage, and ample liquidity, supporting continued access to low-cost credit. Minor headwinds from global trade tariffs and export softness in FY26 may cap upside, but the overall credit profile remains robust.