NSEI:PULZ

Stock Analysis Report

Executive Summary

Pulz Electronics Limited develops, manufactures, and sells audio systems.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Pulz Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PULZ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

PULZ

-2.5%

IN Consumer Durables

-3.5%

IN Market


1 Year Return

2.9%

PULZ

30.5%

IN Consumer Durables

5.2%

IN Market

Return vs Industry: PULZ underperformed the Indian Consumer Durables industry which returned 31.8% over the past year.

Return vs Market: PULZ underperformed the Indian Market which returned 6.4% over the past year.


Shareholder returns

PULZIndustryMarket
7 Day0%-2.5%-3.5%
30 Day-4.3%1.9%-3.9%
90 Day-14.3%13.5%-2.1%
1 Year5.5%2.9%31.5%30.5%7.2%5.2%
3 Yearn/a46.6%44.1%18.9%12.4%
5 Yearn/a99.4%93.9%29.4%17.7%

Price Volatility Vs. Market

How volatile is Pulz Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pulz Electronics undervalued compared to its fair value and its price relative to the market?

3.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PULZ (₹18) is trading above our estimate of fair value (₹6.54)

Significantly Below Fair Value: PULZ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PULZ is good value based on its PE Ratio (3.4x) compared to the Consumer Durables industry average (24x).

PE vs Market: PULZ is good value based on its PE Ratio (3.4x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PULZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PULZ is good value based on its PB Ratio (0.4x) compared to the IN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Pulz Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.1%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pulz Electronics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pulz Electronics performed over the past 5 years?

40.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PULZ has a high level of non-cash earnings.

Growing Profit Margin: PULZ's current net profit margins (10.2%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: PULZ's earnings have grown significantly by 40.4% per year over the past 5 years.

Accelerating Growth: PULZ's earnings growth over the past year (41.5%) exceeds its 5-year average (40.4% per year).

Earnings vs Industry: PULZ earnings growth over the past year (41.5%) exceeded the Consumer Durables industry 15.6%.


Return on Equity

High ROE: PULZ's Return on Equity (22.5%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pulz Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: PULZ's short term assets (₹182.4M) exceed its short term liabilities (₹79.1M).

Long Term Liabilities: PULZ's short term assets (₹182.4M) exceed its long term liabilities (₹24.8M).


Debt to Equity History and Analysis

Debt Level: PULZ's debt to equity ratio (0.04%) is considered satisfactory.

Reducing Debt: PULZ's debt to equity ratio has reduced from 91.4% to 0.04% over the past 5 years.

Debt Coverage: PULZ's debt is well covered by operating cash flow (794.6%).

Interest Coverage: PULZ earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: PULZ has a high level of physical assets or inventory.

Debt Coverage by Assets: PULZ's debt is covered by short term assets (assets are 3336.5x debt).


Next Steps

Dividend

What is Pulz Electronics's current dividend yield, its reliability and sustainability?

2.78%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%0.6%markettop25%2.7%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: PULZ's dividend (2.78%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: PULZ's dividend (2.78%) is in the top 25% of dividend payers in the Indian market (2.63%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PULZ's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PULZ's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (4.7%), PULZ's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average board tenure


CEO

Anirvan Ghose (46yo)

3yrs

Tenure

₹1,455,393

Compensation

Mr. Anirvan Partha Ghose has been Managing Director and Director of Pulz Electronics Limited since February 13, 2017 and July 25, 2005 respectively. Mr. Ghose serves as Director of Fiesta Entertainment Pri ...


CEO Compensation Analysis

Compensation vs Market: Anirvan's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.94K).

Compensation vs Earnings: Insufficient data to compare Anirvan's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Anirvan Ghose
MD & Director3yrs₹1.46m25.68% 25.2m
Nikhil Arya
Independent & Non-Executive Director2.9yrs₹50.00kno data
Ramakrishnan Krishnaraju Kattil
Chairman0yrs₹3.52m47.69% 46.8m
Rumeeta Ghose
Non-Executive Director3yrsno data0.00029% 284.6
Naresh Gaind
Independent & Non-Executive Director2.9yrs₹50.00kno data

3.0yrs

Average Tenure

46yo

Average Age

Experienced Board: PULZ's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pulz Electronics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pulz Electronics Limited
  • Ticker: PULZ
  • Exchange: NSEI
  • Founded: 2005
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: ₹98.136m
  • Shares outstanding: 5.45m
  • Website: https://www.pulz.co.in

Location

  • Pulz Electronics Limited
  • Plot 10A, Kailashpati
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400053
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PULZNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2017

Biography

Pulz Electronics Limited develops, manufactures, and sells audio systems. The company serves the cinema, professional audio, studio, and home theatre markets in India and internationally. It also provides wholesale trade, as well as other professional, technical, and business services. The company was incorporated in 2005 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 13:01
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.