Pulz Electronics Ltd

Pulz Electronics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pulz Electronics Ltd

₹ 58.0 -3.33%
24 Apr 1:19 p.m.
pulz.co.in NSE - SME: PULZ
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

Website NSE - SM
  • Market Cap ₹ 126 Cr.
  • Current Price ₹ 58.0
  • High / Low ₹ 105 / 37.6
  • Stock P/E 14.1
  • Book Value ₹ 15.6
  • Dividend Yield 0.00 %
  • ROCE 43.4 %
  • ROE 32.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
  • Debtor days have improved from 38.0 to 25.0 days.

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

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 Sep 2024
12.39 15.30 1.75 7.20 7.01 12.70 22.16 22.73 18.85 22.33 20.99
10.35 14.43 2.62 7.00 6.85 11.22 17.97 18.04 13.65 17.31 14.86
Operating Profit 2.04 0.87 -0.87 0.20 0.16 1.48 4.19 4.69 5.20 5.02 6.13
OPM % 16.46% 5.69% -49.71% 2.78% 2.28% 11.65% 18.91% 20.63% 27.59% 22.48% 29.20%
0.37 0.27 0.13 0.79 0.39 0.20 0.52 0.56 0.71 0.81 0.68
Interest 0.09 0.01 0.01 0.03 0.02 0.02 0.03 0.03 0.02 0.04 0.06
Depreciation 0.25 0.30 0.28 0.28 0.24 0.27 0.40 0.31 0.36 0.35 0.29
Profit before tax 2.07 0.83 -1.03 0.68 0.29 1.39 4.28 4.91 5.53 5.44 6.46
Tax % 36.71% 32.53% 3.88% -10.29% -3.45% 27.34% 28.97% 24.64% 26.04% 22.98% 25.70%
1.31 0.56 -1.07 0.74 0.30 1.01 3.04 3.71 4.09 4.19 4.80
EPS in Rs 0.60 0.26 -0.49 0.34 0.14 0.46 1.39 1.70 1.88 1.92 2.20
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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 TTM
5.28 9.21 11.77 12.98 13.76 18.04 24.00 31.18 8.95 19.71 44.89 46.51 43.32
4.90 8.75 11.30 12.31 11.55 15.72 20.60 28.42 9.64 18.07 36.00 36.30 32.17
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 11.15
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% 25.74%
0.02 0.06 0.13 0.10 0.30 0.50 0.80 0.69 0.92 0.59 1.08 1.53 1.49
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 0.10
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 0.64
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 11.90
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 8.99
EPS in Rs 0.52 0.25 0.02 0.75 0.84 0.74 1.12 0.98 -0.15 0.14 3.09 3.80 4.12
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: 55%
5 Years: 27%
3 Years: 183%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: 86%
3 Years: 78%
1 Year: -19%
Return on Equity
10 Years: 21%
5 Years: 21%
3 Years: 27%
Last Year: 33%

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 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 1.35 1.45 1.69 1.99 1.83 6.26 8.72 7.81 7.48 8.80 10.03 18.31 23.08
0.15 2.23 1.56 1.74 1.55 1.97 0.05 0.06 0.00 0.00 0.16 0.29 0.17
2.88 4.95 5.63 4.73 6.16 7.05 9.15 8.39 6.47 8.01 11.00 9.64 7.72
Total Liabilities 4.88 9.13 9.38 8.96 11.54 18.01 20.65 21.71 19.40 22.26 32.09 39.14 41.87
1.05 2.56 2.83 2.95 2.84 2.96 4.02 3.72 2.56 2.70 3.56 3.50 4.48
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 0.00
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 0.91
3.81 6.53 6.51 5.97 8.64 14.67 16.26 17.76 16.25 19.26 26.94 33.72 36.48
Total Assets 4.88 9.13 9.38 8.96 11.54 18.01 20.65 21.71 19.40 22.26 32.09 39.14 41.87

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 0.60 4.66
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 -0.38 0.23
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 24.96
Inventory Days 378.62 357.25 260.14 198.14 318.57 323.90 365.00 204.00 650.38 286.74 208.51 239.98
Days Payable 29.96 134.07 46.41 42.24 96.43 72.37 126.16 88.17 268.47 141.94 73.29 70.24
Cash Conversion Cycle 369.40 237.06 235.13 184.31 304.64 273.17 258.00 138.54 457.77 196.83 172.38 194.70
Working Capital Days 162.45 131.57 85.59 88.58 114.86 116.14 72.39 65.32 316.06 145.19 120.26 146.28
ROCE % 11.33% 10.34% 14.04% 48.28% 31.82% 33.75% 23.21% -3.05% 12.73% 52.41% 43.41%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Oct 2024Mar 2025
73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.26% 69.66% 69.66% 69.66% 69.66%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.48% 0.48% 0.48%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.48%
26.63% 26.63% 26.63% 26.63% 26.63% 26.63% 26.63% 26.74% 30.34% 29.86% 29.86% 29.38%
No. of Shareholders 161157150151140131144275519682719780

* 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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