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    Consumer durables

  3. •

    Electronics/Appliances
Pulz Electronics Ltd.

Pulz Electronics Ltd.

NNSE:PULZ
22.20
INR
+0.20
(+0.91%)
485.23MMarket Cap
Pulz Electronics Ltd.
NSE:PULZ
(National Stock Exchange of India)

Recent

price

22.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
2.42
4.22
5.4
5.95
6.31
11
14.3
4.13
9.04
20.57
17.41
16.75
15.13
- -
Revenue per Share
0.1
0.05
- -
0.14
0.61
1.13
0.98
-0.15
0.6
3.09
3.8
1.91
2.13
- -
Basic EPS, GAAP
0.03
-0.18
0.51
0.18
0.23
0.02
1.05
-0.65
0.85
0.28
2.14
1.05
2.88
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.13
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.85
0.9
1
1.14
1.76
5.25
6.08
5.93
6.53
9.6
13.4
15.31
17.43
17.43
Book Value per Share
0.85
0.89
1
1.13
1.74
5.14
5.95
5.85
6.24
9.39
12.74
14.58
16.78
16.78
Tangible Book Value per Share
22
22
22
22
22
22
22
22
22
22
22
22
22
22
Basic Weighted Avg Shares
53
92
118
130
138
240
312
90
197
449
380
365
330
- -
Sales/Revenue/Turnover
7.31
5.75
4.24
6.34
19.05
12.44
-15.92
-40.24
-11.58
3.37
27.39
21.87
16.15
- -
Operating Margin (%)
1
2
2
2
2
4
6
6
5
7
7
7
8
- -
Depreciation Expense
2
1
- -
3
13
25
21
-3
13
67
83
42
46
- -
Net Income, GAAP
31.13
37.35
94.64
16.06
37.22
31.08
23.68
- -
21.99
26.66
24.54
27.58
29.25
- -
Effective Tax Rate (%)
3.94
1.14
0.08
2.32
9.74
10.26
6.88
-3.63
6.66
15.02
21.81
11.4
14.06
- -
Profit Margin (%)
23
21
12
16
30
65
91
101
117
169
242
259
305
305
Working Capital
1
10
- -
1
1
- -
- -
- -
- -
1
2
3
2
2
LT Debt
18
20
22
25
38
114
133
129
142
209
292
334
380
380
Total Equity
- -
6.85
0.49
11.86
30.59
24.44
-30.52
- -
-13.15
6.23
31.43
11.68
11.18
- -
Return on Invested Capital (%)
- -
5.98
0.49
11.3
30.29
30.96
17.42
- -
9.69
38.22
32.78
13.22
12.94
- -
Return on Capital (%)
- -
5.49
0.43
12.87
42.43
32.23
17.36
-2.48
9.66
38.33
33.02
13.31
13
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
1
1
1
LT Borrowings
3
2
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
910
855
485

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
319
308
358
Cash, Cash Equivalents & STI
87
116
157
Accounts Receivable, Net
49
33
66
Inventories
142
140
121
Total Current Liabilities
61
43
53
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
40.47%
24.95%
13.9%
Free Cash Flow
534.9%
99.54%
172.93%
Net Income, GAAP
343.93%
-21.21%
11.38%
Sales/Revenue/Turnover
26.83%
43.81%
-9.69%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
380
2025
- -
- -
365
2026
- -
- -
330

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.8
2025
- -
- -
1.91
2026
- -
- -
2.13

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Pulz Electronics Ltd (PULZ:NSI) develops and manufactures audio systems and solutions, including line array-based speaker systems utilizing proprietary technologies such as Line Source, IsoWave, WaveDrive, AeorWave, Point Source, UL, and DPT, for the cinema, pro-audio, studio, and home audio industries. The company offers product lines encompassing Cineline with speakers, amplifiers, and signal processing; Proline featuring speakers, amplifiers, microphones, and signal processing systems; StudioLine for film mixing studios and screening rooms with speakers and amplifiers; and Home Audio including active subwoofers, speakers, amplifiers, and signal processing; specific products comprise Quartet QM1, Quartet QM2, IsoWave M2, IsoWave D4, WM2, EM1P, EM1, EM2P, ESM4, QSUB118C, EDW1, EDW2, SUB12A, Ensemble, InWall, Ambient, SIC, and personal audio items like noise-cancelling and DJ headphones with headphone amplifiers. Key components are sourced from manufacturers in Germany, Italy, and Spain, targeting professional and consumer markets primarily in India. Founded in 2005 and headquartered in Mumbai, India, with a registered office at 46 Satish Mukherjee Road, Kolkata, the company employs 71 people and operates with minimal debt. Recent developments include the re-appointment of auditors and approval of the annual report for FY2024-25 in September 2025 ahead of the 20th Annual General Meeting on September 29, 2025, which also addressed related party transactions up to INR 15 crore and waivers for excess managerial remuneration; additionally, the equity capital expanded notably to INR 21.81 crore by March 2025, alongside a share register closure and e-voting period in late September 2025.