Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Payalben Sadhu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 01
Full year 2026 earnings released: EPS: ₹0.002 (vs ₹0.25 in FY 2025) Full year 2026 results: EPS: ₹0.002 (down from ₹0.25 in FY 2025). Revenue: ₹1.29b (up 314% from FY 2025). Net income: ₹1.05m (down 94% from FY 2025). Profit margin: 0.1% (down from 5.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • May 25
Pulsar International Limited to Report Q4, 2026 Results on May 30, 2026 Pulsar International Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹1.26, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 22x in the Trade Distributors industry in India. Total loss to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1.69, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹1.02, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total loss to shareholders of 58% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.46 (vs ₹0.09 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.46 (up from ₹0.09 in 3Q 2025). Revenue: ₹396.4m (up ₹333.4m from 3Q 2025). Net income: ₹32.9m (up 401% from 3Q 2025). Profit margin: 8.3% (down from 10% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 06
Pulsar International Limited to Report Q3, 2026 Results on Feb 14, 2026 Pulsar International Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₹1.49, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total returns to shareholders of 96% over the past three years. New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Revenue is less than US$5m (₹305m revenue, or US$3.3m). Market cap is less than US$100m (₹993.7m market cap, or US$10.8m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹1.85, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total returns to shareholders of 479% over the past three years. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹117.1m market cap, or US$1.30m). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Revenue is less than US$5m (₹305m revenue, or US$3.4m). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹1.64, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total returns to shareholders of 529% over the past three years. Reported Earnings • Nov 17
Second quarter 2026 earnings released Second quarter 2026 results: EPS: ₹0.03. Revenue: ₹79.8m (down 20% from 2Q 2025). Net income: ₹1.83m (down 78% from 2Q 2025). Profit margin: 2.3% (down from 8.4% in 2Q 2025). The decrease in margin was driven by lower revenue. Announcement • Nov 05
Pulsar International Limited to Report Q2, 2026 Results on Nov 14, 2025 Pulsar International Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Oct 17
Pulsar International Limited has filed a Follow-on Equity Offering in the amount of INR 360 million. Pulsar International Limited has filed a Follow-on Equity Offering in the amount of INR 360 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Aug 28
Pulsar International Limited, Annual General Meeting, Sep 26, 2025 Pulsar International Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.06 (vs ₹0.10 in 1Q 2025) First quarter 2026 results: EPS: ₹0.06 (down from ₹0.10 in 1Q 2025). Revenue: ₹75.0m (up 21% from 1Q 2025). Net income: ₹4.04m (down 45% from 1Q 2025). Profit margin: 5.4% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Pulsar International Limited to Report Q1, 2026 Results on Aug 13, 2025 Pulsar International Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹4.10, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 34x in the Trade Distributors industry in India. Total loss to shareholders of 66% over the past year. New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹272.7m market cap, or US$3.17m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Revenue is less than US$5m (₹312m revenue, or US$3.6m). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹4.70, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total loss to shareholders of 57% over the past year. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.25 (vs ₹0.35 in FY 2024) Full year 2025 results: EPS: ₹0.25 (down from ₹0.35 in FY 2024). Revenue: ₹311.7m (up 58% from FY 2024). Net income: ₹17.6m (down 29% from FY 2024). Profit margin: 5.7% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 222% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹6.63, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 3,423% over the past three years. Announcement • May 19
Pulsar International Limited to Report Q4, 2025 Results on May 30, 2025 Pulsar International Limited announced that they will report Q4, 2025 results on May 30, 2025 Announcement • Apr 11
Pulsar International Limited Announces Resignation of Jayeshbhai Bhailal Patel as Non-Executive Non-Independent Director from the Board, Effective 11 April 2025 Pulsar International Limited announced Mr. Jayeshbhai Bhailal Patel has resigned as non-executive non-independent director from the board of the company with effect from 11 April 2025, due to health condition and unable to devote the necessary time and attention to the affairs of the Company. He has confirmed that there are no material reasons for his resignation other than mentioned in his resignation letter. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹11.17, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 25x in the Trade Distributors industry in India. Total returns to shareholders of 40% over the past year. New Risk • Mar 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹842.4m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (₹842.4m market cap, or US$9.76m). Minor Risk Revenue is less than US$5m (₹314m revenue, or US$3.6m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹12.40, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total returns to shareholders of 67% over the past year. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹15.87, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 28x in the Trade Distributors industry in India. Total returns to shareholders of 115% over the past year. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.09 (vs ₹0.027 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.09 (up from ₹0.027 in 3Q 2024). Revenue: ₹63.0m (down 14% from 3Q 2024). Net income: ₹6.56m (up 233% from 3Q 2024). Profit margin: 10% (up from 2.7% in 3Q 2024). The increase in margin was driven by lower expenses. Announcement • Feb 10
Pulsar International Limited to Report Q3, 2025 Results on Feb 14, 2025 Pulsar International Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (8.4% net profit margin). Revenue is less than US$5m (₹324m revenue, or US$3.8m). Market cap is less than US$100m (₹984.5m market cap, or US$11.4m). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹13.79, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 40x in the Trade Distributors industry in India. Total returns to shareholders of 78% over the past year. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.12 (vs ₹0.44 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.12 (down from ₹0.44 in 2Q 2024). Revenue: ₹100.0m (up 183% from 2Q 2024). Net income: ₹8.35m (down 43% from 2Q 2024). Profit margin: 8.4% (down from 41% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Nov 09
Pulsar International Limited to Report Q2, 2025 Results on Nov 14, 2024 Pulsar International Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹17.23, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 37x in the Trade Distributors industry in India. Total returns to shareholders of 9,472% over the past three years. Announcement • Aug 23
Pulsar International Limited, Annual General Meeting, Sep 18, 2024 Pulsar International Limited, Annual General Meeting, Sep 18, 2024, at 11:30 Indian Standard Time. New Risk • Aug 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹819.0m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Market cap is less than US$10m (₹819.0m market cap, or US$9.76m). Minor Risk Revenue is less than US$5m (₹259m revenue, or US$3.1m). Announcement • Aug 04
Pulsar International Limited to Report Q1, 2025 Results on Aug 12, 2024 Pulsar International Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • Jul 21
First quarter 2025 earnings released: EPS: ₹1.15 (vs ₹0.042 loss in 1Q 2024) First quarter 2025 results: EPS: ₹1.15 (up from ₹0.042 loss in 1Q 2024). Revenue: ₹61.8m (up ₹61.2m from 1Q 2024). Net income: ₹7.39m (up ₹8.65m from 1Q 2024). Profit margin: 12% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has increased by 330% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 08
Pulsar International Limited Appoints Komal M. Potekar as Company Secretary & Compliance Officer Pulsar International Limited at its board meeting held on June 7, 2024 appointed Appointment of Ms. Komal M. Potekar, as the Company Secretary & Compliance Officer of the Company pursuant to Section 203 of Companies Act, 2013 and Regulation 6 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 with effect from 7 June 2024. Ms. Komal M. Potekar is a Member of the Institute of Company Secretaries of India. She has completed her Bachelors in Commerce from Savitribai Phule Pune University, Pune. She has also completed Bachelors of Law and Masters of Law from Bharati Vidyapeeth's New Law College, Pune. She is having 1.5 years of experience and efficient with an ability to ensure that a Company complies and operates in accordance with statutory and legal provisions including SEBI Act, the Companies Act. Reported Earnings • May 04
Full year 2024 earnings released: EPS: ₹2.77 (vs ₹0.044 in FY 2023) Full year 2024 results: EPS: ₹2.77 (up from ₹0.044 in FY 2023). Revenue: ₹197.8m (up ₹194.1m from FY 2023). Net income: ₹18.0m (up ₹16.7m from FY 2023). Profit margin: 9.1% (down from 36% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 153% per year but the company’s share price has increased by 314% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 30
Pulsar International Limited Announces Resignation of Nitin Mistry as Company Secretary and Compliance Officer Pulsar International Limited informed that Mr. Nitin Mistry, has tender his resignation from the post of Company Secretary and Compliance Officer of the Company with effect from 29 April 2024 after closing of business hours, to pursue other career opportunities. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹0.30 (vs ₹0.34 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.30. Revenue: ₹72.9m (up ₹71.3m from 3Q 2023). Net income: ₹1.97m (up 92% from 3Q 2023). Profit margin: 2.7% (down from 64% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jan 30
Pulsar International Limited to Report Q3, 2024 Results on Feb 08, 2024 Pulsar International Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Announcement • Jan 29
Pulsar International Limited Appoints Nitin Mistry as Company Secretary and Compliance Officer Pulsar International Limited at its board meeting held on January 29, 2024 appointed Mr. Nitin Mistry (Membership No: A46688) as Company Secretary and Compliance Officer of the company to assume responsibilities as Company secretary with effect from January 29, 2024. Mr. Nitin Mistry is a Member of the Institute of Company Secretaries of India. He has done his Bachelors in Commerce from M.S. University, Vadodara. He is having more than 7 years of experience and is efficient with an ability to ensure that a Company complies and operates in accordance with statutory and legal provisions including SEBI Act, and the Companies Act. He is having good experience in Listing Regulations, Legal Drafting and Compliances. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹81.08, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 33x in the Trade Distributors industry in India. Total returns to shareholders of 5,531% over the past three years. New Risk • Dec 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 116% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (79% accrual ratio). Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Revenue is less than US$1m (₹38m revenue, or US$450k). Market cap is less than US$10m (₹451.1m market cap, or US$5.41m). Minor Risk Profit margins are more than 30% lower than last year (34% net profit margin). New Risk • Nov 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 79% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (79% accrual ratio). Revenue is less than US$1m (₹38m revenue, or US$451k). Market cap is less than US$10m (₹246.0m market cap, or US$2.96m). Minor Risk Profit margins are more than 30% lower than last year (34% net profit margin). Announcement • Oct 17
Pulsar International Limited Announces Resignation of Pragna Lakhubhai Makwana as an Independent Director Pulsar International Limited announced resignation of Mrs. Pragna Lakhubhai Makwana from the post of an Independent Director of the Company, effective from October 16, 2023. Announcement • Oct 07
Pulsar International Limited Approves Regularization of Jayesh Patel as Non-Executive Non Independent Director Pulsar International Limited at its AGM held on October 06, 2023, approved the regularization of Mr. Jayesh Patel (DIN: 00 l47642) as a non-executive non independent director of the company. Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Devendrasinh Umat is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 06
Pulsar International Limited, Annual General Meeting, Sep 29, 2023 Pulsar International Limited, Annual General Meeting, Sep 29, 2023, at 13:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2023 together with the Reports of the Directors' and the Auditors' there on; to consider alteration in object clause of memorandum of association and to consider other matters. New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 93% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹4.3m revenue, or US$52k). Market cap is less than US$10m (₹264.8m market cap, or US$3.19m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Announcement • Aug 04
Pulsar International Limited to Report Q1, 2024 Results on Aug 11, 2023 Pulsar International Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Jul 23
Pulsar International Limited Announces the Resignation of Arvind Parmar from the Position of Non Executive Non Independent Director of the Company Pulsar International Limited announced the resignation of Mr. Arvind Parmar (DIN: 09356562) from the position of Non Executive Non Independent Director of the Company, due to his personal reasons, with effect from 21 July, 2023 after close of business hours. Announcement • Jul 06
Pulsar International Limited Announces Resignation of Bhadreshkumar Jagdish Bhavsar as Director Pulsar International Limited informed that Mr. Bhadreshkumar Jagdish Bhavsar (DIN: 07152836) Director of the Company, has vide his resignation letter dated 5th July, 2023, resigned from the post of Director of the Company from close of business hours on 5th July, 2023, due to pre occupation. Announcement • Jun 30
Pulsar International Limited Appoints Panchal Vipul Jagdishbahi as Chief Financial Officer Pulsar International Limited announced that upon recommendation of the Nomination and Remuneration Committee the Board of Directors of the company in its meeting held on 29th June, 2023 approved an appointment of Mr. Panchal Vipul Jagdishbahi as a Chief Financial Officer with effect from 29th June 2023. Mr. Panchal Vipul Jagdishbahi has done post-graduation in Master of Commerce with 3 years of experience in Finance and Accounts. Announcement • May 19
Pulsar International Limited to Report Q4, 2023 Results on May 23, 2023 Pulsar International Limited announced that they will report Q4, 2023 results on May 23, 2023 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹69.87, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 20x in the Capital Markets industry in India. Board Change • Mar 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. MD & Additional Director Mahesh Shah is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹14.05, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 20x in the Capital Markets industry in India. Announcement • Feb 09
Pulsar International Limited announced that it expects to receive INR 13 million in funding Pulsar International Limited announced that it will issue 4,000,000 convertible warrants at a price of INR 3.25 per warrant for gross proceeds of INR 13,000,000 on February 7, 2023. The transaction will include participation from new individual investors Pankajkumar Dalpatbhai Panchal for 400000 warrants; Bhavesh Dalpatbhai Panchal for 250000 warrants; Anil Kanaiyalal Gohil for 150000 warrants; Jaydip Maheshbhai Vyas for 150000 warrants; Chirag Jagdishbhai Gelot for 200000 warrants; Mukeshkumar Nathaji Thakor for 80000 warrants; Pankajkumar Kanaiyalal Gohil for 150000 warrants; Vikaskumar Kanaiyalal Gohil for 150000 warrants; Atulkumar Ranchhodbhai Patel for 100000 warrants; Panchal Amit Dineshbhai for 300000 warrants; Gadhavi Dipakdan Mukeshdan for 150000 warrants; Manishkumar Ramjiyani for 90000 warrants; Nilesh Ramnilal Panchal for 300000 warrants; Ghanshyambhai Pareshkumar Sankhala for 50000 warrants; Sankhala Yash Pareshkumar for 50000 warrants; Pareshkumar Ladhaji Sankhala for 50000 warrants; Shardaben Pareshkumar Sankhala for 50000 warrants; Dineshchandra Ladhaji Sankhala for 150000 warrants; Manjulaben Dineshchandra Sankhala for 150000 warrants; Ganpatlal Ladhaji Kachhava for 15000 warrants; Dipikaben Ganpatlal Kachhava for 15000 warrants; Kishorkumar Ladhaji Kachhava for 15000 warrants; Chetnaben Kishorkumar Kachhava for 15000 warrants; Gitaben Rameshkumar Kachhava for 15000 warrants; Pritamkumar Rameshkumar Kachhava for 15000 warrants; Roshaniben Pritamkumar Kachhava for 15000 warrants; Digvijay Ganpatlal Kachhava for 15000 warrants; Jiya Digvijay Kachhava for 15000 warrants; Brisan Kishorkumar Kachhava for 15000 warrants ; Manojkumar Ishvarbhai Popatia for 90000 warrants; Jaydipsinh Mafaji Vaghela for 150000 warrants; Hinalben Rohitbhai Oza for 60000 warrants; Akashkumar Dineshbhai Mali for 125000 warrants; Paras Dineshbhai Mali for 125000 warrants; Pravinkumar Hariram Gelot for 100000 warrants; Nitinkumar Rameshbhai Mali for 80000 warrants; Nehaben Prashantkumar Solanki for 100000 warrants; and Dipakkumar Parshotamdas Acharya for 400000 warrants. The warrants have a total price of INR 13, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants. Each warrant is exercisable to acquire 1 equity share of the company, at an exercise price of INR 9.75 per share for a period of 18 months from the date of allotment. The company will issue securities on preferential basis. The transaction has been approved by the board of directors of the company. Announcement • Jan 31
Pulsar International Limited to Report Q3, 2023 Results on Feb 07, 2023 Pulsar International Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 15% share price gain to ₹2.87, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 22x in the Capital Markets industry in India. Board Change • Dec 19
High number of new directors Additional Director Bhadresh Kumar Bhavsar was the last director to join the board, commencing their role in 2022. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Additional Director Mahesh Shah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
Pulsar International Limited to Report Q2, 2023 Results on Oct 19, 2022 Pulsar International Limited announced that they will report Q2, 2023 results on Oct 19, 2022 Board Change • Sep 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Additional Director Mahesh Shah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 07
Pulsar International Limited, Annual General Meeting, Sep 30, 2022 Pulsar International Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2022 together with the Reports of the Directors' and the Auditors' there on; to consider directorate reelections; and to consider other matters. Board Change • Aug 12
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Additional Director Mahesh Shah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 05
Pulsar International Limited Announces Resignation of Jamsheed Minoo Panday, Non - Executive Director Pulsar International Limited informed that Mr. Jamsheed Minoo Panday, Non - Executive Director (DIN: 00232768) of the Company has tendered his resignation which is effective from the closure of business hours on 3rd August, 2022. Announcement • Jul 19
Pulsar International Limited Announces Resignation of Jigar Joshi, Company Secretary & Compliance Officer Pulsar International Limited announced that Mr. Jigar Joshi, Company Secretary & Compliance officer of the Company has tendered his resignation which is effective from the closure of business hours on 18th July, 2022. Reason for Change: Resignation. Announcement • May 18
Pulsar International Limited to Report Q4, 2022 Results on May 24, 2022 Pulsar International Limited announced that they will report Q4, 2022 results on May 24, 2022 Board Change • May 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Additional Director Mahesh Shah is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
