Pulz Electronics Ltd

Pulz Electronics Ltd

₹ 101 -0.35%
14 Jun - close price
About

Incorporated in 2005, Pulz Electronics Ltd is in the business of developing and manufacturing high quality Audio systems

Key Points

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

  • Market Cap 110 Cr.
  • Current Price 101
  • High / Low 205 / 56.0
  • Stock P/E 13.2
  • Book Value 26.8
  • Dividend Yield 0.00 %
  • ROCE 52.3 %
  • ROE 39.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.60%

* 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

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
12.39 15.30 1.75 7.20 7.01 12.70 22.16 22.73 24.17 22.33
10.35 14.43 2.62 7.00 6.85 11.22 17.97 18.04 18.97 17.31
Operating Profit 2.04 0.87 -0.87 0.20 0.16 1.48 4.19 4.69 5.20 5.02
OPM % 16.46% 5.69% -49.71% 2.78% 2.28% 11.65% 18.91% 20.63% 21.51% 22.48%
0.37 0.27 0.13 0.79 0.39 0.20 0.52 0.56 0.71 0.81
Interest 0.09 0.01 0.01 0.03 0.02 0.02 0.03 0.03 0.02 0.04
Depreciation 0.25 0.30 0.28 0.28 0.24 0.27 0.40 0.31 0.36 0.35
Profit before tax 2.07 0.83 -1.03 0.68 0.29 1.39 4.28 4.91 5.53 5.44
Tax % 36.71% 32.53% -3.88% -10.29% -3.45% 27.34% 28.97% 24.64% 26.04% 22.98%
1.31 0.56 -1.07 0.74 0.30 1.01 3.04 3.71 4.09 4.19
EPS in Rs 1.19 0.51 -0.98 0.68 0.28 0.93 2.79 3.40 3.75 3.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5.28 9.21 11.77 12.98 13.76 18.04 24.00 31.18 8.95 19.71 44.89 46.51
4.90 8.75 11.30 12.31 11.55 15.72 20.60 28.42 9.64 18.07 36.00 36.30
Operating Profit 0.38 0.46 0.47 0.67 2.21 2.32 3.40 2.76 -0.69 1.64 8.89 10.21
OPM % 7.20% 4.99% 3.99% 5.16% 16.06% 12.86% 14.17% 8.85% -7.71% 8.32% 19.80% 21.95%
0.02 0.06 0.13 0.10 0.30 0.50 0.80 0.69 0.92 0.59 1.08 1.53
Interest 0.02 0.19 0.24 0.21 0.19 0.25 0.21 0.07 0.03 0.04 0.06 0.06
Depreciation 0.08 0.17 0.19 0.20 0.19 0.22 0.41 0.57 0.55 0.51 0.71 0.71
Profit before tax 0.30 0.16 0.17 0.36 2.13 2.35 3.58 2.81 -0.35 1.68 9.20 10.97
Tax % 30.00% 37.50% 94.12% 13.89% 37.56% 30.64% 31.01% 23.49% 8.57% 81.55% 26.63% 24.61%
0.21 0.10 0.01 0.30 1.34 1.62 2.46 2.14 -0.32 0.31 6.74 8.28
EPS in Rs 1.05 0.50 0.05 1.50 1.68 1.47 2.24 1.96 -0.29 0.28 6.18 7.59
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.55% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 18%
5 Years: 14%
3 Years: 73%
TTM: 4%
Compounded Profit Growth
10 Years: 56%
5 Years: 27%
3 Years: 183%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 136%
1 Year: 34%
Return on Equity
10 Years: 22%
5 Years: 22%
3 Years: 29%
Last Year: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 1.35 1.45 1.69 1.99 1.83 6.26 8.72 7.81 7.48 8.80 10.03 18.31
0.15 2.23 1.56 1.74 1.55 1.97 0.05 0.06 0.00 0.00 0.16 0.20
2.88 4.95 5.63 4.73 6.16 7.05 9.15 8.39 6.47 8.01 11.00 9.59
Total Liabilities 4.88 9.13 9.38 8.96 11.54 18.01 20.65 21.71 19.40 22.26 32.09 39.00
1.05 2.56 2.83 2.95 2.84 2.96 4.02 3.72 2.56 2.70 3.56 3.51
CWIP 0.02 0.04 0.04 0.04 0.06 0.38 0.37 0.23 0.59 0.30 0.69 1.02
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.90 0.90
3.81 6.53 6.51 5.97 8.64 14.67 16.26 17.76 16.25 19.26 26.94 33.57
Total Assets 4.88 9.13 9.38 8.96 11.54 18.01 20.65 21.71 19.40 22.26 32.09 39.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.06 -0.38 1.10 0.40 0.31 0.61 0.04 2.29 -1.40 1.86 0.23 5.00
0.02 -1.57 -0.24 -0.29 -0.10 -0.66 -1.46 -0.13 0.24 -0.36 -1.95 -0.98
-0.06 1.89 -0.88 -0.06 -0.19 3.35 -0.20 -0.38 0.00 -0.04 -0.01 -0.11
Net Cash Flow 0.02 -0.07 -0.02 0.05 0.02 3.30 -1.62 1.78 -1.16 1.46 -1.73 3.90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20.74 13.87 21.40 28.40 82.50 21.65 19.16 22.71 75.85 52.04 37.16
Inventory Days 378.62 357.25 260.14 198.14 318.57 323.90 365.00 204.00 650.38 286.74 208.51
Days Payable 29.96 134.07 46.41 42.24 96.43 72.37 126.16 88.17 268.47 141.94 73.29
Cash Conversion Cycle 369.40 237.06 235.13 184.31 304.64 273.17 258.00 138.54 457.77 196.83 172.38
Working Capital Days 162.45 131.57 85.59 88.58 114.86 116.14 72.39 65.32 316.06 145.19 120.26
ROCE % 11.33% 10.34% 14.04% 48.28% 31.82% 33.75% 23.21% -3.05% 12.73% 52.41%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.26% 69.66%
26.63% 26.63% 26.64% 26.63% 26.63% 26.63% 26.63% 26.63% 26.63% 26.63% 26.74% 30.34%
No. of Shareholders 198176170161157150151140131144275519

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