Pulsar International Ltd
₹ 1.97
-1.50%
09 Dec
- close price
About
Incorporated in 1990, Pulsar International Ltd is in the business of agricultural supply chain management.[1]
Key Points
- Market Cap ₹ 14.1 Cr.
- Current Price ₹ 1.97
- High / Low ₹ 25.0 / 1.71
- Stock P/E 17.6
- Book Value ₹ 1.77
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 15.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 1.11 times its book value
- Company's working capital requirements have reduced from 1,327 days to 141 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 8.18%
- Company has high debtors of 246 days.
- Promoter holding has decreased over last 3 years: -22.9%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.38 | 0.22 | 0.19 | 0.47 | 0.20 | 0.41 | 0.17 | 0.05 | 0.09 | 0.37 | 19.78 | 31.17 | 30.47 | |
| 0.39 | 0.20 | 0.26 | 0.46 | 0.25 | 0.47 | 0.26 | 0.11 | 0.16 | 0.24 | 17.28 | 29.40 | 29.61 | |
| Operating Profit | -0.01 | 0.02 | -0.07 | 0.01 | -0.05 | -0.06 | -0.09 | -0.06 | -0.07 | 0.13 | 2.50 | 1.77 | 0.86 |
| OPM % | -2.63% | 9.09% | -36.84% | 2.13% | -25.00% | -14.63% | -52.94% | -120.00% | -77.78% | 35.14% | 12.64% | 5.68% | 2.82% |
| 0.01 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.04 | 0.09 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
| Profit before tax | -0.02 | -0.02 | -0.11 | -0.01 | -0.06 | -0.07 | -0.09 | -0.06 | -0.07 | 0.13 | 2.50 | 1.77 | 0.81 |
| Tax % | -50.00% | 0.00% | -9.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| -0.01 | -0.02 | -0.09 | 0.00 | -0.06 | -0.07 | -0.10 | -0.06 | -0.07 | 0.13 | 2.50 | 1.76 | 0.80 | |
| EPS in Rs | -0.00 | -0.01 | -0.03 | 0.00 | -0.02 | -0.02 | -0.03 | -0.02 | -0.02 | 0.04 | 0.35 | 0.25 | 0.12 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 64% |
| 5 Years: | 184% |
| 3 Years: | 602% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 57% |
| 5 Years: | 81% |
| 3 Years: | 201% |
| TTM: | -69% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 105% |
| 1 Year: | -89% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 14% |
| 3 Years: | 18% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 6.49 | 7.14 | 7.14 |
| Reserves | 1.16 | 1.19 | 1.60 | 1.60 | 1.53 | 0.92 | 0.82 | 0.75 | 0.68 | 2.12 | 4.53 | 4.95 | 5.53 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | |
| 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 1.58 | 15.18 | 16.48 | |
| Total Liabilities | 4.19 | 4.21 | 4.61 | 4.61 | 4.55 | 3.93 | 3.82 | 3.75 | 3.68 | 5.12 | 12.60 | 27.38 | 29.15 |
| 0.17 | 0.14 | 0.05 | 0.04 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.81 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4.02 | 4.07 | 4.56 | 4.57 | 4.52 | 3.92 | 3.82 | 3.75 | 3.68 | 5.12 | 12.60 | 27.38 | 28.34 | |
| Total Assets | 4.19 | 4.21 | 4.61 | 4.61 | 4.55 | 3.93 | 3.82 | 3.75 | 3.68 | 5.12 | 12.60 | 27.38 | 29.15 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.42 | 0.13 | 0.53 | 0.01 | -0.24 | 0.60 | -2.64 | -0.35 | -0.20 | -0.18 | -4.67 | -0.02 | |
| -0.09 | 0.00 | -0.01 | 0.00 | 0.20 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.38 | 0.18 | 0.05 | 0.09 | 1.48 | 3.40 | 0.00 | |
| Net Cash Flow | 0.33 | 0.13 | 0.52 | 0.01 | -0.04 | 0.22 | -2.47 | -0.30 | -0.11 | 1.30 | -1.26 | -0.02 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 768.42 | 1,327.27 | 1,536.84 | 621.28 | 1,460.00 | 712.20 | 1,717.65 | 5,840.00 | 3,244.44 | 838.51 | 76.40 | 245.56 |
| Inventory Days | 365.00 | 3,832.50 | 347.62 | 0.00 | 24.49 | 0.00 | ||||||
| Days Payable | 0.00 | 0.00 | 0.00 | 33.94 | ||||||||
| Cash Conversion Cycle | 1,133.42 | 5,159.77 | 1,536.84 | 968.90 | 1,460.00 | 712.20 | 1,717.65 | 5,840.00 | 3,244.44 | 838.51 | 66.94 | 245.56 |
| Working Capital Days | 1,748.16 | 2,886.82 | 3,285.00 | 1,327.98 | 3,139.00 | 810.12 | 7,042.35 | 25,696.00 | 14,437.78 | 3,640.14 | 200.21 | 140.99 |
| ROCE % | -0.50% | -0.48% | -2.50% | -0.22% | -1.31% | -1.66% | -2.33% | -1.59% | -1.88% | 2.95% | 30.98% | 15.25% |
Documents
Announcements
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Related Party Transaction Not Applicable
14 Nov - Reg 23(9) non-applicable for half year ended 30.09.2025; paid-up equity < Rs10 Crore, net worth < Rs25 Crore.
- QTR2 RESULT 14 Nov
-
Board Meeting Outcome for OUTCOME OF BOARD MEETING
14 Nov - Standalone unaudited results and limited review for quarter and half-year ended 30 Sep 2025.
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 14Th November, 2025.
5 Nov - Board meeting on 14 Nov 2025 to approve Q2/H1 (30 Sept 2025) results and discuss business development proposal.
-
DRAFT LETTER OF OFFER - RIGHT ISSUE
18 Oct - Draft Letter of Offer submitted for rights issue up to Rs.36.00 crore, dated October 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
PIL is a Gujarat-based enterprise engaged
in integrated agri-supply chain management (SCM) with a focus on agriculture, technology-based agricultural applications, wholesale trade, and contract farming. The company primarily operates in the procurement, processing, and distribution of perishable commodities, especially fresh fruits and vegetables.