Pulz Electronics Ltd
Incorporated in 2005, Pulz Electronics Ltd is in the business of developing and manufacturing high quality Audio systems
- Market Cap ₹ 109 Cr.
- Current Price ₹ 50.0
- High / Low ₹ 105 / 37.6
- Stock P/E 17.7
- Book Value ₹ 15.3
- Dividend Yield 0.00 %
- ROCE 27.1 %
- ROE 19.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 36.7 to 48.0 days.
- Promoter holding has decreased over last 3 years: -3.71%
* 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
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9.21 | 11.77 | 12.98 | 13.76 | 18.04 | 24.00 | 31.18 | 8.95 | 19.71 | 44.89 | 46.51 | 37.33 | |
8.75 | 11.30 | 12.31 | 11.55 | 15.72 | 20.60 | 28.42 | 9.64 | 18.07 | 36.00 | 36.30 | 28.93 | |
Operating Profit | 0.46 | 0.47 | 0.67 | 2.21 | 2.32 | 3.40 | 2.76 | -0.69 | 1.64 | 8.89 | 10.21 | 8.40 |
OPM % | 4.99% | 3.99% | 5.16% | 16.06% | 12.86% | 14.17% | 8.85% | -7.71% | 8.32% | 19.80% | 21.95% | 22.50% |
0.06 | 0.13 | 0.10 | 0.30 | 0.50 | 0.80 | 0.69 | 0.92 | 0.59 | 1.08 | 1.53 | -1.93 | |
Interest | 0.19 | 0.24 | 0.21 | 0.19 | 0.25 | 0.21 | 0.07 | 0.03 | 0.04 | 0.06 | 0.06 | 0.02 |
Depreciation | 0.17 | 0.19 | 0.20 | 0.19 | 0.22 | 0.41 | 0.57 | 0.55 | 0.51 | 0.71 | 0.71 | 0.69 |
Profit before tax | 0.16 | 0.17 | 0.36 | 2.13 | 2.35 | 3.58 | 2.81 | -0.35 | 1.68 | 9.20 | 10.97 | 5.76 |
Tax % | 37.50% | 94.12% | 13.89% | 37.56% | 30.64% | 31.01% | 23.49% | -8.57% | 81.55% | 26.63% | 24.61% | 27.43% |
0.10 | 0.01 | 0.30 | 1.34 | 1.62 | 2.46 | 2.14 | -0.32 | 0.31 | 6.74 | 8.28 | 4.17 | |
EPS in Rs | 0.25 | 0.02 | 0.75 | 0.84 | 0.74 | 1.12 | 0.98 | -0.15 | 0.14 | 3.09 | 3.80 | 1.91 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 4% |
3 Years: | 24% |
TTM: | -20% |
Compounded Profit Growth | |
---|---|
10 Years: | 90% |
5 Years: | 24% |
3 Years: | 168% |
TTM: | -25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 76% |
3 Years: | 69% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 21% |
3 Years: | 29% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.50 | 0.50 | 0.50 | 2.00 | 2.73 | 2.73 | 5.45 | 5.45 | 5.45 | 10.90 | 10.90 | 21.81 |
Reserves | 1.45 | 1.69 | 1.99 | 1.83 | 6.26 | 8.72 | 7.81 | 7.48 | 8.80 | 10.03 | 18.31 | 11.57 |
2.23 | 1.56 | 1.74 | 1.55 | 1.97 | 0.05 | 0.06 | 0.00 | 0.00 | 0.16 | 0.29 | 0.39 | |
4.95 | 5.63 | 4.73 | 6.16 | 7.05 | 9.15 | 8.39 | 6.47 | 8.01 | 11.00 | 9.64 | 7.13 | |
Total Liabilities | 9.13 | 9.38 | 8.96 | 11.54 | 18.01 | 20.65 | 21.71 | 19.40 | 22.26 | 32.09 | 39.14 | 40.90 |
2.56 | 2.83 | 2.95 | 2.84 | 2.96 | 4.02 | 3.72 | 2.56 | 2.70 | 3.56 | 3.50 | 4.44 | |
CWIP | 0.04 | 0.04 | 0.04 | 0.06 | 0.38 | 0.37 | 0.23 | 0.59 | 0.30 | 0.69 | 1.02 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.90 | 0.90 | 0.91 |
6.53 | 6.51 | 5.97 | 8.64 | 14.67 | 16.26 | 17.76 | 16.25 | 19.26 | 26.94 | 33.72 | 35.55 | |
Total Assets | 9.13 | 9.38 | 8.96 | 11.54 | 18.01 | 20.65 | 21.71 | 19.40 | 22.26 | 32.09 | 39.14 | 40.90 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.38 | 1.10 | 0.40 | 0.31 | 0.61 | 0.04 | 2.29 | -1.40 | 1.86 | 0.60 | 4.66 | 2.96 | |
-1.57 | -0.24 | -0.29 | -0.10 | -0.66 | -1.46 | -0.13 | 0.24 | -0.36 | -1.95 | -0.98 | -3.57 | |
1.89 | -0.88 | -0.06 | -0.19 | 3.35 | -0.20 | -0.38 | 0.00 | -0.04 | -0.38 | 0.23 | 0.07 | |
Net Cash Flow | -0.07 | -0.02 | 0.05 | 0.02 | 3.30 | -1.62 | 1.78 | -1.16 | 1.46 | -1.73 | 3.90 | -0.54 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 13.87 | 21.40 | 28.40 | 82.50 | 21.65 | 19.16 | 22.71 | 75.85 | 52.04 | 37.16 | 24.96 | 48.01 |
Inventory Days | 357.25 | 260.14 | 198.14 | 318.57 | 323.90 | 365.00 | 204.00 | 650.38 | 286.74 | 208.51 | 239.98 | 364.23 |
Days Payable | 134.07 | 46.41 | 42.24 | 96.43 | 72.37 | 126.16 | 88.17 | 268.47 | 141.94 | 73.29 | 70.24 | 58.70 |
Cash Conversion Cycle | 237.06 | 235.13 | 184.31 | 304.64 | 273.17 | 258.00 | 138.54 | 457.77 | 196.83 | 172.38 | 194.70 | 353.54 |
Working Capital Days | 131.57 | 85.59 | 88.58 | 114.86 | 116.14 | 72.39 | 65.32 | 316.06 | 145.19 | 120.26 | 146.28 | 168.96 |
ROCE % | 11.33% | 10.34% | 14.04% | 48.28% | 31.82% | 33.75% | 23.21% | -3.05% | 12.73% | 52.41% | 43.41% | 27.09% |
Documents
Announcements
-
Outcome of Board Meeting
30 May 2025 - Pulz Electronics reports FY25 audited standalone and consolidated results with ₹18.28M and ₹41.67M PAT, notes excess director remuneration.
-
Structural Digital Database
30 May 2025 - Pulz Electronics submits SDD Compliance Certificate confirming insider trading data compliance for FY2025.
-
Board Meeting Intimation
27 May 2025 - PULZ ELECTRONICS LIMITED has informed about Board Meeting to be held on 30-May-2025 to inter-alia consider and approve the Audited Financial results of the Company …
-
Board Meeting Intimation
20 May 2025 - PULZ ELECTRONICS LIMITED has informed about Board Meeting to be held on 27-May-2025 to inter-alia consider and approve the Audited Financial results of the Company …
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
28 April 2025 - PULZ ELECTRONICS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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