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Last Updated: April 2, 2026, 3:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: | NSE:

Pulz Electronics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹33.90Undervalued by 44.87%vs CMP ₹23.40

P/E (12.9) × ROE (20.0%) × BV (₹16.10) × DY (2.00%)

₹25.30Fairly Valued by 8.12%vs CMP ₹23.40
MoS: +7.5% (Thin)Confidence: 48/100 (Moderate)Models: 2 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹44.2325%Under (+89%)
Graham NumberEarnings₹13.8618%Over (-40.8%)
Earnings PowerEarnings₹25.0112%Fair (+6.9%)
DCFCash Flow₹12.8212%Over (-45.2%)
Net Asset ValueAssets₹16.178%Over (-30.9%)
EV/EBITDAEnterprise₹42.1410%Under (+80.1%)
Earnings YieldEarnings₹5.308%Over (-77.4%)
Revenue MultipleRevenue₹17.126%Over (-26.8%)
Consensus (8 models)₹25.30100%Fairly Valued
Key Drivers: EPS CAGR 30.5% lifts DCF — verify sustainability. | Wide model spread (₹5–₹44) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 30.5%

*Investments are subject to market risks

Investment Snapshot

65
Pulz Electronics Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 27.4% ExcellentROE 20.0% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.53% MF buyingPromoter holding at 69.7% Stable
Earnings Quality55/100 · Moderate
OPM expanding (14% → 26%) ImprovingWorking capital: 168 days Capital intensive
Quarterly Momentum15/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -14% YoY DecliningOPM: 14.4% (down 13.2% YoY) Margin pressure
Industry Rank100/100 · Strong
P/E 12.9 vs industry 60.2 Cheaper than peersROCE 27.4% vs industry 14.9% Above peersROE 20.0% vs industry 11.5% Above peers3Y sales CAGR: 24% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:32 am

Market Cap 50.9 Cr.
Current Price 23.4
Intrinsic Value₹25.30
High / Low 62.9/22.2
Stock P/E12.9
Book Value 16.1
Dividend Yield0.00 %
ROCE27.4 %
ROE20.0 %
Face Value 10.0
PEG Ratio0.42

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Pulz Electronics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Pulz Electronics Ltd 50.9 Cr. 23.4 62.9/22.212.9 16.10.00 %27.4 %20.0 % 10.0
Elin Electronics Ltd 523 Cr. 105 234/93.612.7 1120.00 %6.97 %4.38 % 5.00
HPL Electric & Power Ltd 1,893 Cr. 294 640/25618.7 1490.34 %14.5 %10.8 % 10.0
BPL Ltd 218 Cr. 44.4 100/37.64.32 51.50.00 %7.85 %8.15 % 10.0
Whirlpool of India Ltd 10,534 Cr. 830 1,474/75630.2 3210.60 %12.6 %9.26 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of Pulz Electronics Ltd

Quarterly Result

MetricMar 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 12.3915.301.757.207.0112.7022.1622.7318.8519.1120.9916.3514.29
Expenses 10.3514.432.627.006.8511.2217.9718.0413.6514.1214.9014.0412.24
Operating Profit 2.040.87-0.870.200.161.484.194.695.204.996.092.312.05
OPM % 16.46%5.69%-49.71%2.78%2.28%11.65%18.91%20.63%27.59%26.11%29.01%14.13%14.35%
Other Income 0.370.270.130.790.390.200.520.560.710.810.68-2.610.74
Interest 0.090.010.010.030.020.020.030.030.020.010.020.000.02
Depreciation 0.250.300.280.280.240.270.400.310.360.350.290.400.34
Profit before tax 2.070.83-1.030.680.291.394.284.915.535.446.46-0.702.43
Tax % 36.71%32.53%3.88%-10.29%-3.45%27.34%28.97%24.64%26.04%22.98%25.70%-10.00%26.34%
Net Profit 1.310.56-1.070.740.301.013.043.714.094.194.80-0.631.78
EPS in Rs 0.600.26-0.490.340.140.461.391.701.881.922.20-0.290.82

Last Updated: December 29, 2025, 11:36 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9.2111.7712.9813.7618.0424.0031.188.9519.7144.8938.8237.2430.64
Expenses 8.7511.3012.3111.5515.7220.6028.429.6418.0736.0027.7528.7326.28
Operating Profit 0.460.470.672.212.323.402.76-0.691.648.8911.078.514.36
OPM % 4.99%3.99%5.16%16.06%12.86%14.17%8.85%-7.71%8.32%19.80%28.52%22.85%14.23%
Other Income 0.060.130.100.300.500.800.690.920.591.080.67-1.98-1.87
Interest 0.190.240.210.190.250.210.070.030.040.060.060.080.02
Depreciation 0.170.190.200.190.220.410.570.550.510.710.710.690.74
Profit before tax 0.160.170.362.132.353.582.81-0.351.689.2010.975.761.73
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%
Net Profit 0.100.010.301.341.622.462.14-0.320.316.748.284.171.15
EPS in Rs 0.250.020.750.840.741.120.98-0.150.143.093.801.910.53
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-90.00%2900.00%346.67%20.90%51.85%-13.01%-114.95%196.88%2074.19%22.85%-49.64%
Change in YoY Net Profit Growth (%)0.00%2990.00%-2553.33%-325.77%30.96%-64.86%-101.95%311.83%1877.32%-2051.34%-72.49%

Pulz Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

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:66%
3 Years:%
1 Year:-48%
Return on Equity
10 Years:21%
5 Years:21%
3 Years:29%
Last Year:20%

Last Updated: September 5, 2025, 12:45 pm

Balance Sheet

Last Updated: December 4, 2025, 1:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.500.500.502.002.732.735.455.455.4510.9010.9021.8121.81
Reserves 1.451.691.991.836.268.727.817.488.8010.0318.3111.5713.36
Borrowings 2.231.561.741.551.970.050.060.000.000.160.290.390.33
Other Liabilities 4.955.634.736.167.059.158.396.478.0111.0010.127.135.33
Total Liabilities 9.139.388.9611.5418.0120.6521.7119.4022.2632.0939.6240.9040.83
Fixed Assets 2.562.832.952.842.964.023.722.562.703.563.503.304.19
CWIP 0.040.040.040.060.380.370.230.590.300.691.021.140.00
Investments 0.000.000.000.000.000.000.000.000.000.900.900.910.91
Other Assets 6.536.515.978.6414.6716.2617.7616.2519.2626.9434.2035.5535.73
Total Assets 9.139.388.9611.5418.0120.6521.7119.4022.2632.0939.6240.9040.83

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.381.100.400.310.610.042.29-1.401.860.604.662.96
Cash from Investing Activity + -1.57-0.24-0.29-0.10-0.66-1.46-0.130.24-0.36-1.95-5.36-3.57
Cash from Financing Activity + 1.89-0.88-0.06-0.193.35-0.20-0.380.00-0.04-0.380.120.07
Net Cash Flow -0.07-0.020.050.023.30-1.621.78-1.161.46-1.73-0.58-0.54
Free Cash Flow -1.950.860.110.21-0.05-1.422.16-1.161.50-1.353.672.30
CFO/OP -70%247%72%49%58%31%109%203%137%35%68%54%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.77-1.09-1.070.660.353.352.70-0.691.648.7310.788.12

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 13.8721.4028.4082.5021.6519.1622.7175.8552.0437.1629.9048.12
Inventory Days 357.25260.14198.14318.57323.90365.00204.00650.38286.74208.51369.86364.23
Days Payable 134.0746.4142.2496.4372.37126.1688.17268.47141.9473.29108.9458.70
Cash Conversion Cycle 237.06235.13184.31304.64273.17258.00138.54457.77196.83172.38290.81353.66
Working Capital Days 131.5785.5988.5876.9378.1072.3964.85316.06145.19120.26170.94168.29
ROCE %11.33%10.34%14.04%48.28%31.82%33.75%23.21%-3.05%12.73%52.41%43.41%27.44%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Oct 2024Mar 2025Sep 2025
Promoters 73.37%73.37%73.37%73.37%73.37%73.37%73.26%69.66%69.66%69.66%69.66%69.66%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.48%0.48%0.48%0.48%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.48%0.53%
Public 26.63%26.63%26.63%26.63%26.63%26.63%26.74%30.34%29.86%29.86%29.38%29.33%
No. of Shareholders 157150151140131144275519682719780685

Shareholding Pattern Chart

No. of Shareholders

Pulz Electronics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.917.596.182.41-0.60
Diluted EPS (Rs.) 1.917.596.182.41-0.60
Cash EPS (Rs.) 2.238.246.843.340.42
Book Value[Excl.RevalReserv]/Share (Rs.) 15.3126.7919.2026.1423.73
Book Value[Incl.RevalReserv]/Share (Rs.) 15.3126.7919.2026.1423.73
Revenue From Operations / Share (Rs.) 17.1242.6541.1636.1516.42
PBDIT / Share (Rs.) 4.2510.769.144.110.43
PBIT / Share (Rs.) 3.9310.118.493.18-0.58
PBT / Share (Rs.) 2.6410.068.433.09-0.64
Net Profit / Share (Rs.) 1.917.596.182.41-0.59
NP After MI And SOA / Share (Rs.) 1.917.596.182.41-0.59
PBDIT Margin (%) 24.8025.2322.2011.382.63
PBIT Margin (%) 22.9423.7120.618.79-3.55
PBT Margin (%) 15.4123.5920.488.54-3.91
Net Profit Margin (%) 11.1617.8015.026.66-3.62
NP After MI And SOA Margin (%) 11.1617.8015.026.66-3.62
Return on Networth / Equity (%) 12.4828.3432.219.21-2.51
Return on Capital Employeed (%) 24.5936.1941.8911.71-2.36
Return On Assets (%) 10.1821.2221.015.89-1.67
Long Term Debt / Equity (X) 0.010.010.010.000.00
Total Debt / Equity (X) 0.010.010.010.000.00
Asset Turnover Ratio (%) 0.931.311.650.640.28
Current Ratio (X) 5.273.892.692.562.71
Quick Ratio (X) 2.922.011.241.351.15
Inventory Turnover Ratio (X) 2.470.480.720.430.21
Dividend Payout Ratio (NP) (%) 0.000.000.800.000.00
Dividend Payout Ratio (CP) (%) 0.000.000.730.000.00
Earning Retention Ratio (%) 0.000.0099.200.000.00
Cash Earning Retention Ratio (%) 0.000.0099.270.000.00
Interest Coverage Ratio (X) 428.78209.27166.0954.207.33
Interest Coverage Ratio (Post Tax) (X) 323.19148.63113.3832.93-9.10
Enterprise Value (Cr.) 82.74130.5145.7316.352.95
EV / Net Operating Revenue (X) 2.222.811.020.820.32
EV / EBITDA (X) 8.9311.124.597.2912.52
MarketCap / Net Operating Revenue (X) 2.442.931.061.020.59
Retention Ratios (%) 0.000.0099.190.000.00
Price / BV (X) 2.734.672.281.420.41
Price / Net Operating Revenue (X) 2.442.931.061.020.59
EarningsYield 0.040.060.140.06-0.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Pulz Electronics Ltd. is a Public Limited Listed company incorporated on 25/07/2005 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L32109WB2005PLC104357 and registration number is 104357. Currently company belongs to the Industry of Consumer Electronics. Company's Total Operating Revenue is Rs. 30.30 Cr. and Equity Capital is Rs. 21.81 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsPlot No 5, Novel Estate, Near Sahastraphana Ind Estate, Thane Maharashtra 401404Contact not found
Management
NamePosition Held
Mr. M K RamakrishnanChairman & Director
Mr. Anirvan Partha GhoseManaging Director
Mrs. Rumeeta Anirvan GhoseNon Executive Director
Mrs. Suma Tushar DalviIndependent Director
Mrs. Kanta BokariaIndependent Director
Mr. Santosh Kumar ShahIndependent Director

FAQ

What is the intrinsic value of Pulz Electronics Ltd and is it undervalued?

As of 14 April 2026, Pulz Electronics Ltd's intrinsic value is ₹25.30, which is 8.12% higher than the current market price of ₹23.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (20.0 %), book value (₹16.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Pulz Electronics Ltd?

Pulz Electronics Ltd is trading at ₹23.40 as of 14 April 2026, with a FY2026-2027 high of ₹62.9 and low of ₹22.2. The stock is currently near its 52-week low. Market cap stands at ₹50.9 Cr..

How does Pulz Electronics Ltd's P/E ratio compare to its industry?

Pulz Electronics Ltd has a P/E ratio of 12.9, which is below the industry average of 60.24. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Pulz Electronics Ltd financially healthy?

Key indicators for Pulz Electronics Ltd: ROCE of 27.4 % indicates efficient capital utilization; ROE of 20.0 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Pulz Electronics Ltd profitable and how is the profit trend?

Pulz Electronics Ltd reported a net profit of ₹4 Cr in Mar 2025 on revenue of ₹37 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Pulz Electronics Ltd pay dividends?

Pulz Electronics Ltd has a dividend yield of 0.00 % at the current price of ₹23.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Pulz Electronics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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