Pulz Electronics Ltd.

•

pulz.bizBSE: -NSE: PULZ

Market Cap₹ 52 Cr.

Current Price

High / Low₹ 44 / 21

Stock P/E11.3

Book Value₹ 15

Price to Book2.73

Dividend Yield0.00 %

ROCE18.4 %

ROE13.3 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 38.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
Operating margins have improved to 22.7% from 11.3%
Company comfortably covers its interest (73.3x coverage)
Attractively priced for its growth - PEG of 0.2

CONS

Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.43x)
Company has delivered a poor sales growth of 3.7% over past five years
Free cash flow has been persistently negative
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsElectronics - Components

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SYRMA	1588.65	83.22	30634.01	0.09	105.69	111.72	1588.62	68.29	17.70	10.17
2.	KAYNES	3500.00	67.87	23462.13	0.00	56.43	-24.37	946.02	40.47	13.38	15.60
3.	AVALON	2265.95	113.44	15155.19	0.00	34.87	145.31	484.41	49.83	20.34	11.96
4.	UTLSOLAR	446.70	46.58	13709.30	0.00	577.94	—	13456.93	—	36.46	18.94
5.	CYIENTDLM	904.15	87.42	7177.45	0.00	16.29	118.21	373.80	34.25	10.41	9.93
6.	VIKRAMSOLR	166.80	16.94	6044.07	0.00	19.78	-85.17	1563.09	37.89	34.07	8.06
7.	SAATVIKGL	396.30	20.30	5037.17	0.00	5.36	-95.49	511.01	-44.20	55.18	6.62
8.	WEBELSOLAR	75.79	10.86	3290.52	0.33	77.79	—	372.60	115.39	63.74	33.70
9.	KERNEX	1734.35	15.28	2914.34	0.00	109.85	1382.00	503.58	800.38	23.69	32.33
10.	MODINSULAT	449.50	22.51	2119.12	0.00	29.60	94.43	188.30	33.19	10.53	16.89
11.	INA	93.04	10.24	2051.08	0.00	380.25	796.94	7406.98	1766.82	34.98	9.74
12.	PULZ	23.95	11.25	52.23	0.00	—	—	—	—	18.44	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	14	18	24	31	9	20	45	39	37
	12	12	16	21	28	10	18	36	28	29
Operating Profit	1	2	2	3	3	-1	2	9	11	8
OPM %	5.25%	16.06%	12.23%	14.16%	8.81%	-7.64%	8.31%	19.77%	28.51%	22.66%
	0	0	1	1	1	1	1	1	1	-2
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	1	1	1	1	1	1
Profit before Tax	0	2	2	4	3	-0	2	9	11	6
Tax %	16.06%	37.22%	30.72%	31.08%	23.68%	7.39%	22.00%	26.66%	24.54%	27.58%
Net Profit	0	1	2	2	2	-0	1	7	8	4
EPS	0.00	0.00	0.00	0.00	0.00	-0.60	2.41	6.18	7.59	1.91
Dividend Payout %	0.00%	0.00%	0.00%	5.54%	0.00%	0.00%	0.00%	1.62%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 4%
3 Years:: 24%

COMPOUNDED PROFIT GROWTH

10 Years:: 85%
5 Years:: 14%
3 Years:: 47%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 27%
3 Years:: -33%
1 Year:: -42%

RETURN ON EQUITY

10 Years:: 21%
5 Years:: 18%
3 Years:: 28%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0	2	3	3	5	5	5	11	11	22
	2	2	6	9	8	7	9	10	18	12
	4	3	4	0	0	0	0	1	1	1
Trade Payables	1	1	2	4	4	4	4	5	5	2
	2	3	4	5	4	3	4	5	9	7
Total Liabilities	9	12	18	21	22	19	22	32	44	44
	3	3	3	4	4	3	3	4	4	3
Capital Work in Progress	0	0	0	0	0	1	0	1	1	1
	0	0	0	0	0	0	0	1	1	1
	4	4	7	11	9	9	9	15	16	14
	0	0	0	0	0	0	0	0	3	5
Cash & Bank	0	0	3	2	4	2	4	2	6	9
	2	4	4	4	5	5	6	10	14	11
Total Assets	9	12	18	21	22	19	22	32	44	44

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	1	1	1	3	-1	2	3	5	3
Cash from Investing	-0	-0	-1	-1	-0	0	-0	-2	-5	-4
Cash from Financing	-0	-0	3	-0	-0	-0	-0	-0	0	0
	0	0	3	-2	2	-1	1	-2	-1	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	73.37	73.37	73.26	69.66	69.66	69.66	69.66	68.98
	0.00	0.00	0.00	0.00	0.48	0.48	0.48	0.39
	0.00	0.00	0.00	0.00	0.00	0.48	0.53	0.28
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.63	26.63	26.74	30.34	29.86	29.38	29.33	30.36

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for PULZ

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Pulz Electronics Ltd.

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Name

SYRMA

1588.65

83.22

30634.01

0.09

105.69

111.72

1588.62

68.29

17.70

10.17

KAYNES

3500.00

67.87

23462.13

0.00

56.43

-24.37

946.02

40.47

13.38

15.60

AVALON

2265.95

113.44

15155.19

0.00

34.87

145.31

484.41

49.83

20.34

11.96

UTLSOLAR

446.70

46.58

13709.30

0.00

577.94

—

13456.93

—

36.46

18.94

CYIENTDLM

904.15

87.42

7177.45

0.00

16.29

118.21

373.80

34.25

10.41

9.93

VIKRAMSOLR

166.80

16.94

6044.07

0.00

19.78

-85.17

1563.09

37.89

34.07

8.06

SAATVIKGL

396.30

20.30

5037.17

0.00

5.36

-95.49

511.01

-44.20

55.18

6.62

WEBELSOLAR

75.79

10.86

3290.52

0.33

77.79

—

372.60

115.39

63.74

33.70

KERNEX

1734.35

15.28

2914.34

0.00

109.85

1382.00

503.58

800.38

23.69

32.33

MODINSULAT

449.50

22.51

2119.12

0.00

29.60

94.43

188.30

33.19

10.53

16.89

INA

93.04

10.24

2051.08

0.00

380.25

796.94

7406.98

1766.82

34.98

9.74

PULZ

23.95

11.25

52.23

0.00

—

18.44

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

-1

OPM %

5.25%

16.06%

12.23%

14.16%

8.81%

-7.64%

8.31%

19.77%

28.51%

22.66%

-2

Interest

Depreciation

Profit before Tax

-0

Tax %

16.06%

37.22%

30.72%

31.08%

23.68%

7.39%

22.00%

26.66%

24.54%

27.58%

Net Profit

-0

EPS

0.00

-0.60

2.41

6.18

7.59

1.91

Dividend Payout %

0.00%

5.54%

0.00%

1.62%

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

Capital Work in Progress

Cash & Bank

Total Assets

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

Cash from Investing

-0

-1

-0

-2

-5

-4

Cash from Financing

-0

-2

-1

-2

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2022

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

73.37

73.26

69.66

68.98

0.00

0.48

0.39

0.00

0.48

0.53

0.28

Government

0.00

26.63

26.74

30.34

29.86

29.38

29.33

30.36

Pulz Electronics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Pulz Electronics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI