Pulz Electronics Ltd
Incorporated in 2005, Pulz Electronics Ltd is in the business of developing and manufacturing high quality Audio systems
- Market Cap ₹ 136 Cr.
- Current Price ₹ 125
- High / Low ₹ 205 / 45.9
- Stock P/E 22.3
- Book Value ₹ 20.2
- Dividend Yield 0.00 %
- ROCE 43.1 %
- ROE 31.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 26.0% CAGR over last 5 years
- Debtor days have improved from 97.6 to 44.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 13.4% over last 3 years.
* 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
Sector: Electronics Industry: Electronics - Consumer
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4.94 | 5.23 | 11.77 | 12.98 | 13.76 | 18.04 | 24.00 | 28.41 | 5.73 | 12.72 | 29.21 | 31.83 | |
4.09 | 4.67 | 11.30 | 12.31 | 11.55 | 15.72 | 20.60 | 25.80 | 6.37 | 11.36 | 22.17 | 23.92 | |
Operating Profit | 0.85 | 0.56 | 0.47 | 0.67 | 2.21 | 2.32 | 3.40 | 2.61 | -0.64 | 1.36 | 7.04 | 7.91 |
OPM % | 17.21% | 10.71% | 3.99% | 5.16% | 16.06% | 12.86% | 14.17% | 9.19% | -11.17% | 10.69% | 24.10% | 24.85% |
0.00 | 0.00 | 0.13 | 0.10 | 0.30 | 0.50 | 0.80 | 0.70 | 0.87 | 0.41 | 0.67 | 0.75 | |
Interest | 0.00 | 0.00 | 0.24 | 0.21 | 0.19 | 0.25 | 0.21 | 0.06 | 0.03 | 0.04 | 0.05 | 0.05 |
Depreciation | 0.06 | 0.09 | 0.19 | 0.20 | 0.19 | 0.22 | 0.41 | 0.57 | 0.55 | 0.51 | 0.61 | 0.45 |
Profit before tax | 0.79 | 0.47 | 0.17 | 0.36 | 2.13 | 2.35 | 3.58 | 2.68 | -0.35 | 1.22 | 7.05 | 8.16 |
Tax % | 34.18% | 29.79% | 94.12% | 13.89% | 37.56% | 30.64% | 31.01% | 23.51% | 5.71% | 19.67% | 26.52% | |
0.51 | 0.33 | 0.01 | 0.30 | 1.34 | 1.63 | 2.47 | 2.05 | -0.33 | 0.98 | 5.18 | 6.10 | |
EPS in Rs | 2.55 | 1.65 | 0.05 | 1.50 | 1.68 | 1.48 | 2.25 | 1.88 | -0.30 | 0.90 | 4.75 | 5.59 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 1% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 36% |
TTM: | 111% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 67% |
3 Years: | 195% |
1 Year: | 186% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 13% |
Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.50 | 0.50 | 0.50 | 0.50 | 2.00 | 2.73 | 2.73 | 5.45 | 5.45 | 5.45 | 10.90 | 10.90 |
Reserves | 0.81 | 1.14 | 1.69 | 1.99 | 1.83 | 6.26 | 8.73 | 7.73 | 7.40 | 8.38 | 8.04 | 11.17 |
0.25 | 0.18 | 1.56 | 1.74 | 1.55 | 1.97 | 0.05 | 0.06 | 0.00 | 0.00 | 0.16 | 0.09 | |
2.36 | 2.82 | 5.63 | 4.73 | 6.16 | 7.06 | 9.14 | 7.88 | 5.57 | 6.21 | 8.02 | 8.72 | |
Total Liabilities | 3.92 | 4.64 | 9.38 | 8.96 | 11.54 | 18.02 | 20.65 | 21.12 | 18.42 | 20.04 | 27.12 | 30.88 |
1.14 | 1.08 | 2.83 | 2.95 | 2.84 | 2.96 | 4.02 | 3.72 | 2.56 | 2.70 | 2.62 | 2.44 | |
CWIP | 0.04 | 0.12 | 0.04 | 0.04 | 0.06 | 0.38 | 0.37 | 0.23 | 0.59 | 0.30 | 0.69 | 0.92 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.91 | 0.91 |
2.74 | 3.44 | 6.51 | 5.97 | 8.64 | 14.67 | 16.25 | 17.16 | 15.26 | 17.03 | 22.90 | 26.61 | |
Total Assets | 3.92 | 4.64 | 9.38 | 8.96 | 11.54 | 18.02 | 20.65 | 21.12 | 18.42 | 20.04 | 27.12 | 30.88 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 1.10 | 0.40 | 0.31 | 0.61 | 0.04 | 2.22 | -2.28 | 1.72 | -1.40 | |
0.00 | 0.00 | -0.24 | -0.29 | -0.10 | -0.66 | -1.46 | -0.13 | 0.24 | -0.36 | -0.91 | |
0.00 | 0.00 | -0.88 | -0.06 | -0.19 | 3.35 | -0.20 | -0.38 | 0.00 | -0.04 | 0.00 | |
Net Cash Flow | 0.00 | 0.00 | -0.02 | 0.05 | 0.02 | 3.29 | -1.62 | 1.72 | -2.04 | 1.32 | -2.31 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 61.33 | 20.94 | 21.40 | 28.40 | 82.50 | 21.65 | 19.16 | 28.78 | 164.35 | 83.79 | 44.61 |
Inventory Days | 169.00 | 356.00 | 260.14 | 198.14 | 318.57 | 323.90 | 365.00 | 217.94 | 1,219.53 | 473.90 | 376.60 |
Days Payable | 39.90 | 34.70 | 46.41 | 42.24 | 96.43 | 72.37 | 126.16 | 97.53 | 502.41 | 252.51 | 120.19 |
Cash Conversion Cycle | 190.43 | 342.24 | 235.13 | 184.31 | 304.64 | 273.17 | 258.00 | 149.19 | 881.46 | 305.18 | 301.02 |
Working Capital Days | 134.47 | 143.77 | 85.59 | 87.73 | 114.86 | 116.14 | 72.54 | 71.05 | 547.82 | 245.92 | 185.31 |
ROCE % | 27.81% | 14.04% | 48.28% | 31.82% | 33.73% | 22.14% | -3.07% | 9.45% | 43.12% |
Business Overview:[1]
Company develops and manufactures audio systems and solutions using new coaxial technology and line array based speaker systems for cinema, pro audio, studio and home audio industries. Its key components are manufactured in Germany, Italy and Spain