Pulz Electronics Ltd

Pulz Electronics Ltd

₹ 77.0 -1.97%
21 Nov - 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 168 Cr.
  • Current Price 77.0
  • High / Low 105 / 44.2
  • Stock P/E 25.3
  • Book Value 13.2
  • Dividend Yield 0.00 %
  • ROCE 36.7 %
  • ROE 27.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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

Sector: Electronics Industry: Electronics - Consumer

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
12.39 13.75 1.45 4.28 4.20 8.53 13.57 15.64 16.19 15.28 17.60
10.35 12.94 2.32 4.06 3.99 7.38 10.44 11.73 12.19 11.43 12.82
Operating Profit 2.04 0.81 -0.87 0.22 0.21 1.15 3.13 3.91 4.00 3.85 4.78
OPM % 16.46% 5.89% -60.00% 5.14% 5.00% 13.48% 23.07% 25.00% 24.71% 25.20% 27.16%
0.37 0.28 0.12 0.75 0.33 0.08 0.31 0.36 0.39 0.42 0.24
Interest 0.09 0.01 0.00 0.02 0.02 0.02 0.02 0.03 0.02 0.03 0.04
Depreciation 0.25 0.30 0.28 0.28 0.24 0.27 0.40 0.21 0.24 0.22 0.18
Profit before tax 2.07 0.78 -1.03 0.67 0.28 0.94 3.02 4.03 4.13 4.02 4.80
Tax % 36.71% 32.05% 3.88% -8.96% -3.57% 26.60% 26.82% 26.30% 24.21% 23.88% 25.62%
1.32 0.52 -1.07 0.74 0.29 0.69 2.20 2.97 3.13 3.06 3.57
EPS in Rs 0.60 0.24 -0.49 0.34 0.13 0.32 1.01 1.36 1.44 1.40 1.64
Raw PDF

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 Mar 2024 TTM
4.94 5.23 11.77 12.98 13.76 18.04 24.00 28.41 5.73 12.72 29.21 31.47 32.88
4.09 4.67 11.30 12.31 11.55 15.72 20.60 25.80 6.37 11.36 22.17 23.63 24.25
Operating Profit 0.85 0.56 0.47 0.67 2.21 2.32 3.40 2.61 -0.64 1.36 7.04 7.84 8.63
OPM % 17.21% 10.71% 3.99% 5.16% 16.06% 12.86% 14.17% 9.19% -11.17% 10.69% 24.10% 24.91% 26.25%
0.00 0.00 0.13 0.10 0.30 0.50 0.80 0.70 0.87 0.41 0.67 0.81 0.66
Interest 0.00 0.00 0.24 0.21 0.19 0.25 0.21 0.06 0.03 0.04 0.05 0.04 0.07
Depreciation 0.06 0.09 0.19 0.20 0.19 0.22 0.41 0.57 0.55 0.51 0.61 0.46 0.40
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 8.15 8.82
Tax % 34.18% 29.79% 94.12% 13.89% 37.56% 30.64% 31.01% 23.51% -5.71% 19.67% 26.52% 24.05%
0.51 0.33 0.01 0.30 1.34 1.63 2.47 2.05 -0.33 0.98 5.18 6.19 6.63
EPS in Rs 1.28 0.82 0.02 0.75 0.84 0.74 1.12 0.94 -0.15 0.45 2.38 2.84 3.04
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.53% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 76%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 157%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 68%
3 Years: 185%
1 Year: 53%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 24%
Last Year: 28%

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 Mar 2024 Sep 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 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 14.23 17.80
0.25 0.18 1.56 1.74 1.55 1.97 0.05 0.06 0.00 0.00 0.16 0.12 0.06
2.36 2.82 5.63 4.73 6.16 7.06 9.14 7.88 5.57 6.21 8.02 5.10 4.33
Total Liabilities 3.92 4.64 9.38 8.96 11.54 18.02 20.65 21.12 18.42 20.04 27.12 30.35 33.09
1.14 1.08 2.83 2.95 2.84 2.96 4.02 3.72 2.56 2.70 2.62 2.28 3.37
CWIP 0.04 0.12 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 0.01 0.01 0.01 0.01 0.01 0.91 0.91 0.92
2.74 3.44 6.51 5.97 8.64 14.67 16.25 17.16 15.26 17.03 22.90 26.14 28.80
Total Assets 3.92 4.64 9.38 8.96 11.54 18.02 20.65 21.12 18.42 20.04 27.12 30.35 33.09

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 Mar 2024
0.00 0.00 1.10 0.40 0.31 0.61 0.04 2.22 -2.28 1.72 -1.40 2.78
0.00 0.00 -0.24 -0.29 -0.10 -0.66 -1.46 -0.13 0.24 -0.36 1.09 -0.46
0.00 0.00 -0.88 -0.06 -0.19 3.35 -0.20 -0.38 0.00 -0.04 0.00 -0.08
Net Cash Flow 0.00 0.00 -0.02 0.05 0.02 3.29 -1.62 1.72 -2.04 1.32 -0.31 2.25

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 Mar 2024
Debtor Days 61.33 20.94 21.40 28.40 82.50 21.65 19.16 28.78 164.35 83.79 44.61 7.07
Inventory Days 169.00 356.00 260.14 198.14 318.57 323.90 365.00 217.94 1,219.53 473.90 376.60 395.20
Days Payable 39.90 34.70 46.41 42.24 96.43 72.37 126.16 97.53 502.41 252.51 120.19 96.68
Cash Conversion Cycle 190.43 342.24 235.13 184.31 304.64 273.17 258.00 149.19 881.46 305.18 301.02 305.59
Working Capital Days 134.47 143.77 85.59 87.73 114.86 116.14 72.54 71.05 547.82 245.92 185.31 216.66
ROCE % 27.81% 14.04% 48.28% 31.82% 33.73% 22.14% -3.07% 9.45% 43.12% 36.71%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Oct 2024
73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.26% 69.66% 69.66% 69.66%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.48% 0.48%
26.64% 26.63% 26.63% 26.63% 26.63% 26.63% 26.63% 26.63% 26.74% 30.34% 29.86% 29.86%
No. of Shareholders 170161157150151140131144275519682719

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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