I recall PIX transmission while we were buying Belts from them..product quality is good… but Competitor were producing superior quality belts-(Competitor Fenner) since Pix fall under cyclical & Parasitic industry demand is driven basically from Auto sector and Agri business and lastly Capital goods industry as of now i don’t see superior performance as of now.from any of the above sector. will put in my watch list and monitor the performance.As rightly said by Gaurav there is no margin of safety and DEBT is too high for the income generated by the company.what kind of moat will protect them in coming days as these products are more commoditized..
Disclo : I don’t hold stocks but it’s under my radar
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