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Pulz Electronics

NSEI:PULZ
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PULZ
NSEI
₹106M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Pulz Electronics Limited develops, manufactures, and sells audio systems and solutions for the cinema, pro-audio, studio, and home audio industries in India and internationally. The last earnings update was 326 days ago. More info.


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PULZ Share Price and Events
7 Day Returns
-9.8%
NSEI:PULZ
0.5%
IN Consumer Durables
0.8%
IN Market
1 Year Returns
5.4%
NSEI:PULZ
-12.7%
IN Consumer Durables
-0.7%
IN Market
PULZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pulz Electronics (PULZ) -9.8% 11.4% 14.7% 5.4% - -
IN Consumer Durables 0.5% 0.7% 4.1% -12.7% 55.9% 258.3%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • PULZ outperformed the Consumer Durables industry which returned -12.7% over the past year.
  • PULZ outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Pulz Electronics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pulz Electronics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pulz Electronics.

NSEI:PULZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:PULZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 35%) (18.5%))
1.022
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.022 * 8.6%)
16.34%

Discounted Cash Flow Calculation for NSEI:PULZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pulz Electronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:PULZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.34%)
2019 2.41 Est @ 36.1% 2.07
2020 3.08 Est @ 27.53% 2.27
2021 3.74 Est @ 21.54% 2.37
2022 4.39 Est @ 17.34% 2.39
2023 5.02 Est @ 14.4% 2.35
2024 5.64 Est @ 12.35% 2.27
2025 6.25 Est @ 10.91% 2.17
2026 6.87 Est @ 9.9% 2.05
2027 7.50 Est @ 9.2% 1.92
2028 8.16 Est @ 8.7% 1.80
Present value of next 10 years cash flows ₹21.68
NSEI:PULZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹8.16 × (1 + 7.55%) ÷ (16.34% – 7.55%)
₹99.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹99.83 ÷ (1 + 16.34%)10
₹21.98
NSEI:PULZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹21.68 + ₹21.98
₹43.66
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹43.66 / 2.73
₹16.02
NSEI:PULZ Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹16.02
Current discount Discount to share price of ₹39.00
= -1 x (₹39.00 - ₹16.02) / ₹16.02
-143.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pulz Electronics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pulz Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pulz Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PULZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹5.96
NSEI:PULZ Share Price ** NSEI (2019-04-18) in INR ₹39
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.65x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pulz Electronics.

NSEI:PULZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:PULZ Share Price ÷ EPS (both in INR)

= 39 ÷ 5.96

6.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pulz Electronics is good value based on earnings compared to the IN Consumer Durables industry average.
  • Pulz Electronics is good value based on earnings compared to the India market.
Price based on expected Growth
Does Pulz Electronics's expected growth come at a high price?
Raw Data
NSEI:PULZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.6%per year
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 2.25x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pulz Electronics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pulz Electronics's assets?
Raw Data
NSEI:PULZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹32.96
NSEI:PULZ Share Price * NSEI (2019-04-18) in INR ₹39
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.79x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:PULZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:PULZ Share Price ÷ Book Value per Share (both in INR)

= 39 ÷ 32.96

1.18x

* Primary Listing of Pulz Electronics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pulz Electronics is good value based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess Pulz Electronics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Pulz Electronics has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Pulz Electronics, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pulz Electronics expected to grow at an attractive rate?
  • Pulz Electronics's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Pulz Electronics's earnings growth is positive but not above the India market average.
  • Unable to compare Pulz Electronics's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PULZ Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:PULZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.6%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:PULZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:PULZ Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 180 6 16
2017-03-31 138 3 13
2016-03-31 130 4 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pulz Electronics's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Pulz Electronics is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:PULZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pulz Electronics Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PULZ Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 5.96
2017-03-31 6.70
2016-03-31 1.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pulz Electronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pulz Electronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pulz Electronics has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pulz Electronics performed over the past 5 years?

  • Pulz Electronics's last earnings update was 326 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pulz Electronics's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Pulz Electronics's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pulz Electronics's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Pulz Electronics's earnings growth has exceeded the IN Consumer Durables industry average in the past year (21.2% vs 12.9%).
Earnings and Revenue History
Pulz Electronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pulz Electronics Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PULZ Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 180.34 16.24 5.74
2017-03-31 137.61 13.40 2.35
2016-03-31 129.84 3.01 28.86
2015-03-31 117.75 0.09 25.99
2014-03-31 92.02 1.05 20.52
2013-03-31 52.79 2.08 12.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pulz Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pulz Electronics used its assets more efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • Pulz Electronics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pulz Electronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pulz Electronics has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pulz Electronics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pulz Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pulz Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pulz Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pulz Electronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pulz Electronics Company Filings, last reported 1 year ago.

NSEI:PULZ Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 89.85 19.67 33.60
2017-03-31 38.29 15.54 0.63
2016-03-31 24.89 17.39 0.47
2015-03-31 21.88 15.63 0.01
2014-03-31 19.54 22.31 0.17
2013-03-31 18.50 1.49 0.83
  • Pulz Electronics's level of debt (21.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.4% vs 21.9% today).
  • Debt is well covered by operating cash flow (31%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).
X
Financial health checks
We assess Pulz Electronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pulz Electronics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pulz Electronics dividends.
If you bought ₹2,000 of Pulz Electronics shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pulz Electronics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pulz Electronics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:PULZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pulz Electronics has not reported any payouts.
  • Unable to verify if Pulz Electronics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pulz Electronics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pulz Electronics has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pulz Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pulz Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pulz Electronics has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pulz Electronics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anirvan Ghose
COMPENSATION ₹1,455,393
AGE 45
TENURE AS CEO 2.2 years
CEO Bio

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 Private Limited, R And S ?India? Electronics Private Limited and Elecom Fiesta Entertainment Private Limited. His Key Competencies includes designing Auditoriums, Cinemas and Recording Studios, Designing and Manufacturing of Audio Equipment, Installation, Calibration and Maintenance of Audio and Projection Equipment in Cinemas. He has done his graduation in Bachelor of Science from St. Xavier’s College, Kolkata and also completed a course in Computer Hardware from Institute of Electronics and Hardware Technology, Kolkata in 1994. He done specialized audio video training from Dolby Laboratories, Sim2, Sound Engineering and Sound recording Course from Film & Television Institute of Pune in 1997.

CEO Compensation
  • Insufficient data for Anirvan to compare compensation growth.
  • Anirvan's remuneration is about average for companies of similar size in India.
Management Team

Anirvan Ghose

TITLE
MD & Director
COMPENSATION
₹1M
AGE
45
TENURE
2.2 yrs

Mihir Doshi

TITLE
Chief Financial Officer
AGE
39
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Pulz Electronics board of directors in years:

2.1
Average Tenure
45
Average Age
  • The average tenure for the Pulz Electronics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ramakrishnan Krishnaraju Kattil

TITLE
Chairman
COMPENSATION
₹4M
AGE
70

Anirvan Ghose

TITLE
MD & Director
COMPENSATION
₹1M
AGE
45
TENURE
13.8 yrs

Rumeeta Ghose

TITLE
Non-Executive Director
AGE
42
TENURE
2.2 yrs

Naresh Gaind

TITLE
Independent & Non-Executive Director
COMPENSATION
₹50K
AGE
71
TENURE
2.1 yrs

Nikhil Arya

TITLE
Independent & Non-Executive Director
COMPENSATION
₹50K
AGE
29
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Pulz Electronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pulz Electronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is There More To Pulz Electronics Limited (NSE:PULZ) Than Its 18% Returns On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Did Pulz Electronics Limited's (NSE:PULZ) Recent Earnings Growth Beat The Trend?

After reading Pulz Electronics Limited's (NSE:PULZ) latest earnings update (31 March 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … See our latest analysis for Pulz Electronics. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 53%, indicating the rate at which PULZ is growing has slowed down.

Simply Wall St -

Could The Pulz Electronics Limited (NSE:PULZ) Ownership Structure Tell Us Something Useful?

Every investor in Pulz Electronics Limited (NSE:PULZ) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹98m, Pulz Electronics is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Pulz Electronics

Simply Wall St -

Is Pulz Electronics Limited's (NSE:PULZ) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Pulz Electronics Limited (NSE:PULZ) with its market cap of ₹88m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Consumer Durables businesses operating in the environment facing headwinds from current disruption,. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What Should You Know About Pulz Electronics Limited's (NSE:PULZ) Capital Returns?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand Pulz Electronics’s capital returns we will look at a useful metric called return on capital employed.

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Read This Before You Buy Pulz Electronics Limited (NSE:PULZ) Because Of Its P/E Ratio

We'll show how you can use Pulz Electronics Limited's (NSE:PULZ) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Pulz Electronics's P/E ratio is 4.45. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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What Do You Get For Owning Pulz Electronics Limited (NSE:PULZ)?

and want a simplistic look at the return on Pulz Electronics Limited (NSE:PULZ) stock. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Pulz Electronics is able to use capital to create earnings will help us understand your potential return.

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Pulz Electronics Limited (NSE:PULZ): Why Return On Capital Employed Is Important

See our latest analysis for Pulz Electronics Calculating Return On Capital Employed for PULZ As an investor you have many alternative companies to choose from, which means there is an opportunity cost in any investment you make in the form of a foregone investment in another company. … This shows Pulz Electronics provides a dull capital return that is below the 15% ROCE that is typically considered to be a strong benchmark. … Looking at the past 3 year period shows us that PULZ weakened investor return on capital employed from 7.77%.

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With An ROE Of 12.09%, Has Pulz Electronics Limited's (NSE:PULZ) Management Done Well?

See our latest analysis for Pulz Electronics Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since Pulz Electronics’s return does not cover its cost, with a difference of -1.31%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:PULZ Last Perf Apr 26th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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Is Pulz Electronics Limited (NSE:PULZ) A Financially Sound Company?

How does PULZ’s operating cash flow stack up against its debt? … Additionally, PULZ has generated ₹3.98M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 22.89%, signalling that PULZ’s operating cash is sufficient to cover its debt. … For PULZ, the ratio of 2.76x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: At its current level of cash flow coverage, PULZ has room for improvement to better cushion for events which may require debt repayment.

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Company Info

Description

Pulz Electronics Limited develops, manufactures, and sells audio systems and solutions for the cinema, pro-audio, studio, and home audio industries in India and internationally. The company was incorporated in 2005 and is based in Mumbai, India.

Details
Name: Pulz Electronics Limited
PULZ
Exchange: NSEI
Founded: 2005
₹106,314,000
2,726,000
Website: http://www.pulz.co.in
Address: Pulz Electronics Limited
Kailashpati, Plot 10A,
2nd Floor,
Mumbai,
Maharashtra, 400053,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI PULZ Equity Shares National Stock Exchange of India IN INR 24. Nov 2017
Number of employees
Current staff
Staff numbers
0
Pulz Electronics employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:57
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/05/29
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.