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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Pulz Electronics Ltd

About the Company - Pulz Electronics Ltd

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 Electronics - Equipment/Components. Company’s Total Operating Revenue is Rs. 12.72 Cr. and Equity Capital is Rs. 5.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electronics - Equipment/Components46, Satish Mukherjee Road, Kolkata West Bengal 700026mumbai@pulz.co.in
http://www.pulz.biz
Management
NamePosition Held
Mr. M K RamakrishnanChairman & Director
Mr. Anirvan Partha GhoseManaging Director
Ms. Rumeeta Anirvan GhoseNon Executive Director
Ms. Sneh Sandeep VelaniIndependent Director
Mrs. Suma Tushar DalviIndependent Director

Pulz Electronics Ltd. Share Price Update

Share PriceValue
Today₹168.00
Previous Day₹164.50

Basic Stock Data of Pulz Electronics Ltd

Market Cap 153 Cr.
Current Price 140
High / Low205/41.7
Stock P/E19.6
Book Value 23.0
Dividend Yield0.00 %
ROCE52.4 %
ROE38.3 %
Face Value 10.0

Data Source: screener.in

Competitors of Pulz Electronics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
PG Electroplast Ltd 4,803 Cr. 1,8452,570/1,28745.5 3610.00 %17.3 %22.0 % 10.0
MIC Electronics Ltd 1,068 Cr. 48.253.8/11.5220 3.290.00 %1.41 %0.41 % 2.00
Industry Average2,935.50 Cr946.60132.75182.150.00%9.36%11.21%6.00

Pulz Electronics Ltd Quarterly Results

MonthMar 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales12.3915.301.757.207.0112.7022.1622.7324.17
Expenses10.3514.432.627.006.8511.2217.9718.0418.97
Operating Profit2.040.87-0.870.200.161.484.194.695.20
OPM %16.46%5.69%-49.71%2.78%2.28%11.65%18.91%20.63%21.51%
Other Income0.370.270.130.790.390.200.520.560.71
Interest0.090.010.010.030.020.020.030.030.02
Depreciation0.250.300.280.280.240.270.400.310.36
Profit before tax2.070.83-1.030.680.291.394.284.915.53
Tax %36.71%32.53%-3.88%-10.29%-3.45%27.34%28.97%24.64%26.04%
Net Profit1.310.56-1.070.740.301.013.043.714.09
EPS in Rs1.190.51-0.980.680.280.932.793.403.75

Pulz Electronics Ltd Quarterly Chart

Pulz Electronics Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5.289.2111.7712.9813.7618.0424.0031.188.9519.7144.8946.90
Expenses4.908.7511.3012.3111.5515.7220.6028.429.6418.0736.0037.01
Operating Profit0.380.460.470.672.212.323.402.76-0.691.648.899.89
OPM %7.20%4.99%3.99%5.16%16.06%12.86%14.17%8.85%-7.71%8.32%19.80%21.09%
Other Income0.020.060.130.100.300.500.800.690.920.591.081.27
Interest0.020.190.240.210.190.250.210.070.030.040.060.05
Depreciation0.080.170.190.200.190.220.410.570.550.510.710.67
Profit before tax0.300.160.170.362.132.353.582.81-0.351.689.2010.44
Tax %30.00%37.50%94.12%13.89%37.56%30.64%31.01%23.49%8.57%81.55%26.63%
Net Profit0.210.100.010.301.341.622.462.14-0.320.316.747.80
EPS in Rs1.050.500.051.501.681.472.241.96-0.290.286.187.15
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%5.55%0.00%0.00%0.00%0.00%

Pulz Electronics Ltd Profit & Loss Yearly Chart

Pulz Electronics Ltd Growth

Compounded Sales Growth
10 Years:24%
5 Years:20%
3 Years:13%
TTM:35%
Compounded Profit Growth
10 Years:41%
5 Years:33%
3 Years:47%
TTM:92%
Stock Price CAGR
10 Years:%
5 Years:75%
3 Years:182%
1 Year:190%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:15%
Last Year:38%

Pulz Electronics Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.500.500.500.502.002.732.735.455.455.4510.9010.90
Reserves1.351.451.691.991.836.268.727.817.488.8010.0314.12
Borrowings0.152.231.561.741.551.970.050.060.000.000.160.09
Other Liabilities2.884.955.634.736.167.059.158.396.478.0111.0015.88
Total Liabilities4.889.139.388.9611.5418.0120.6521.7119.4022.2632.0940.99
Fixed Assets1.052.562.832.952.842.964.023.722.562.703.563.49
CWIP0.020.040.040.040.060.380.370.230.590.300.690.92
Investments0.000.000.000.000.000.000.000.000.000.000.900.90
Other Assets3.816.536.515.978.6414.6716.2617.7616.2519.2626.9435.68
Total Assets4.889.139.388.9611.5418.0120.6521.7119.4022.2632.0940.99

Pulz Electronics Ltd Reserves and Borrowings Chart

Pulz Electronics Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.06-0.381.100.400.310.610.042.29-1.401.860.23
Cash from Investing Activity 0.02-1.57-0.24-0.29-0.10-0.66-1.46-0.130.24-0.36-1.95
Cash from Financing Activity -0.061.89-0.88-0.06-0.193.35-0.20-0.380.00-0.04-0.01
Net Cash Flow0.02-0.07-0.020.050.023.30-1.621.78-1.161.46-1.73

Pulz Electronics Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days20.7413.8721.4028.4082.5021.6519.1622.7175.8552.0437.16
Inventory Days378.62357.25260.14198.14318.57323.90365.00204.00650.38286.74208.51
Days Payable29.96134.0746.4142.2496.4372.37126.1688.17268.47141.9473.29
Cash Conversion Cycle369.40237.06235.13184.31304.64273.17258.00138.54457.77196.83172.38
Working Capital Days162.45131.5785.5988.58114.86116.1472.3965.32316.06145.19120.26
ROCE %11.33%10.34%14.04%48.28%31.82%33.75%23.21%-3.05%12.73%52.41%

Pulz Electronics Ltd Financial Efficiency Indicators Chart

Pulz Electronics Ltd Share Holding Pattern

MonthMar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Promoters73.37%73.37%73.37%73.37%73.37%73.37%73.37%73.37%73.37%73.37%73.37%73.26%
Public26.63%26.63%26.63%26.64%26.63%26.63%26.63%26.63%26.63%26.63%26.63%26.74%
No. of Shareholders224198176170161157150151140131144275

Pulz Electronics Ltd Shareholding Pattern Chart

No. of Pulz Electronics Ltd Shareholders

This stock is not held by any mutual fund

Pulz Electronics Ltd ROCE Trend

Pulz Electronics Ltd EPS Trend

Pulz Electronics Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.182.41-0.603.939.03
Diluted EPS (Rs.)6.182.41-0.603.939.03
Cash EPS (Rs.)6.843.340.424.9710.55
Book Value[Excl.RevalReserv]/Share (Rs.)19.2026.1423.7324.3241.99
Book Value[Incl.RevalReserv]/Share (Rs.)19.2026.1423.7324.3241.99
Revenue From Operations / Share (Rs.)41.1636.1516.4257.1988.03
PBDIT / Share (Rs.)9.144.110.436.3115.40
PBIT / Share (Rs.)8.493.18-0.585.2813.88
PBT / Share (Rs.)8.433.09-0.645.1513.10
Net Profit / Share (Rs.)6.182.41-0.593.939.03
NP After MI And SOA / Share (Rs.)6.182.41-0.593.939.03
PBDIT Margin (%)22.2011.382.6311.0417.49
PBIT Margin (%)20.618.79-3.559.2215.76
PBT Margin (%)20.488.54-3.919.0114.88
Net Profit Margin (%)15.026.66-3.626.8710.25
NP After MI And SOA Margin (%)15.026.66-3.626.8710.25
Return on Networth / Equity (%)32.219.21-2.5116.1721.50
Return on Capital Employeed (%)41.8911.71-2.3620.8827.08
Return On Assets (%)21.015.89-1.679.8711.91
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)0.010.000.000.000.00
Asset Turnover Ratio (%)1.650.640.281.361.24
Current Ratio (X)2.692.562.712.142.28
Quick Ratio (X)1.241.351.150.950.69
Inventory Turnover Ratio (X)0.720.430.211.110.90
Dividend Payout Ratio (NP) (%)0.800.000.0012.710.00
Dividend Payout Ratio (CP) (%)0.730.000.0010.050.00
Earning Retention Ratio (%)99.200.000.0087.290.00
Cash Earning Retention Ratio (%)99.270.000.0089.950.00
Interest Coverage Ratio (X)166.0954.207.3351.9119.83
Interest Coverage Ratio (Post Tax) (X)113.3832.93-9.1033.3412.63
Enterprise Value (Cr.)45.7316.352.952.528.78
EV / Net Operating Revenue (X)1.020.820.320.080.36
EV / EBITDA (X)4.597.2912.520.732.09
MarketCap / Net Operating Revenue (X)1.061.020.590.190.43
Retention Ratios (%)99.190.000.0087.280.00
Price / BV (X)2.281.420.410.450.91
Price / Net Operating Revenue (X)1.061.020.590.190.43
EarningsYield0.140.06-0.060.350.23

Pulz Electronics Ltd Profitability Ratios (%)

Pulz Electronics Ltd Liquidity Ratios

Pulz Electronics Ltd Liquidity Ratios (%)

Pulz Electronics Ltd Interest Coverage Ratios (X)

Pulz Electronics Ltd Valuation Ratios

Fair Value / Intrinsic Value of Pulz Electronics Ltd

Fair Value: ₹176.11

The stock is undervalued by 25.79% compared to the current price ₹140

*Investments are subject to market risks

Strength and Weakness of Pulz Electronics Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 21.35%, which is a positive sign.
  2. The company has higher reserves (5.96 cr) compared to borrowings (0.80 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (20.56 cr) and profit (2.74 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.05 and average Dividend Yield of 10.17%.
  2. The stock has a high average Working Capital Days of 128.95, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 257.02, which may not be favorable.

Should I Buy Pulz Electronics Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Pulz Electronics Ltd:
    1. Net Profit Margin: 15.02% (Higher values are generally favorable)
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 41.89% (Industry Average ROCE: 9.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 113.38 (Higher values, preferably > 2, are recommended)
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.24 (Higher values, preferably > 1, are recommended)
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 21.2 (Industry average Stock P/E: 134.9)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.01 (Lower values, preferably < 1, are preferred)
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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