Pulz Electronics (PULZ)₹28.15+4.84%Consumer Electronics
In the Mar 2026 quarter (consolidated), Pulz Electronics reported sales of ₹19.50 Cr, up 19.4% from Mar 2025, and net profit of ₹2.85 Cr. For the year to Mar 2026, sales were ₹33.77 Cr and net profit ₹4.63 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 22.71 | 18.82 | 19.09 | 20.95 | 16.33 | 14.27 | 19.50 |
| Expenses | 17.97 | 13.59 | 14.07 | 14.84 | 13.98 | 12.20 | 15.46 |
| Operating Profit | 4.68 | 5.19 | 4.98 | 6.08 | 2.30 | 2.04 | 4.00 |
| OPM % | 20.6% | 27.6% | 26.1% | 29.1% | 14.2% | 14.4% | 20.6% |
| Other Income | 0.57 | 0.72 | 0.82 | 0.69 | −2.62 | 0.75 | 0.61 |
| Interest | 0.04 | 0.03 | 0.02 | 0.03 | 0.00 | 0.03 | 0.02 |
| Depreciation | 0.30 | 0.35 | 0.34 | 0.28 | 0.39 | 0.33 | 0.45 |
| Profit before tax | 4.92 | 5.54 | 5.45 | 6.48 | −0.71 | 2.44 | 4.15 |
| Tax % | 24.6% | 26.0% | 23.0% | 25.7% | −10.0% | 26.3% | 30.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −2.78 | 0.00 | 0.00 |
| Net Profit | 3.70 | 4.08 | 4.18 | 4.79 | −0.62 | 1.77 | 2.85 |
| EPS (Rs) | 1.71 | 1.89 | 1.93 | 2.21 | −0.30 | 0.83 | 1.32 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.75 | 12.97 | 13.73 | 18.03 | 23.96 | 31.15 | 8.94 | 19.67 | 44.84 | 38.78 | 37.20 | 33.77 |
| Expenses | 11.25 | 12.26 | 11.50 | 15.65 | 20.51 | 28.29 | 9.61 | 18.00 | 35.86 | 27.66 | 28.61 | 27.67 |
| Operating Profit | 0.46 | 0.66 | 2.20 | 2.31 | 3.39 | 2.75 | −0.68 | 1.63 | 8.88 | 11.06 | 8.50 | 6.04 |
| OPM % | 4.0% | 5.2% | 16.1% | 12.9% | 14.2% | 8.9% | −7.7% | 8.3% | 19.8% | 28.5% | 22.9% | 17.9% |
| Other Income | 0.14 | 0.11 | 0.31 | 0.51 | 0.81 | 0.70 | 0.93 | 0.60 | 1.09 | 0.68 | −1.99 | 1.35 |
| Interest | 0.25 | 0.22 | 0.20 | 0.26 | 0.22 | 0.08 | 0.04 | 0.05 | 0.07 | 0.07 | 0.09 | 0.04 |
| Depreciation | 0.18 | 0.19 | 0.18 | 0.21 | 0.40 | 0.56 | 0.54 | 0.50 | 0.70 | 0.70 | 0.68 | 0.79 |
| Profit before tax | 0.18 | 0.37 | 2.14 | 2.36 | 3.59 | 2.82 | −0.36 | 1.69 | 9.22 | 10.99 | 5.78 | 6.58 |
| Tax % | 94.1% | 13.8% | 37.5% | 30.6% | 31.0% | 23.4% | −8.6% | 81.5% | 26.6% | 24.6% | 27.4% | 29.2% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.03 | −2.07 | 0.00 |
| Net Profit | 0.00 | 0.29 | 1.33 | 1.61 | 2.45 | 2.13 | −0.31 | 0.30 | 6.72 | 8.25 | 4.16 | 4.63 |
| EPS (Rs) | 0.03 | 0.76 | 0.83 | 0.73 | 1.13 | 0.99 | −0.16 | 0.13 | 3.10 | 3.81 | 1.92 | 2.14 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 5.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.51 | 0.51 | 2.01 | 2.74 | 2.74 | 5.47 | 5.47 | 5.47 | 10.93 | 10.94 | 21.87 | 21.90 |
| Reserves | 1.70 | 2.00 | 1.84 | 6.27 | 8.73 | 7.83 | 7.50 | 8.82 | 10.05 | 18.33 | 11.58 | 16.25 |
| Borrowings | 1.57 | 1.74 | 1.56 | 1.98 | 0.06 | 0.07 | 0.00 | 0.00 | 0.17 | 0.28 | 0.38 | 0.28 |
| Other Liabilities | 5.62 | 4.75 | 6.15 | 7.06 | 9.16 | 8.40 | 6.50 | 8.02 | 11.01 | 10.16 | 7.17 | 6.55 |
| Total Liabilities | 9.40 | 9.00 | 11.56 | 18.05 | 20.69 | 21.77 | 19.47 | 22.31 | 32.16 | 39.71 | 41.00 | 44.98 |
| Fixed Assets | 2.84 | 2.96 | 2.85 | 2.97 | 4.03 | 3.73 | 2.57 | 2.71 | 3.57 | 3.51 | 3.31 | 3.72 |
| CWIP | 0.03 | 0.05 | 0.05 | 0.39 | 0.36 | 0.24 | 0.60 | 0.31 | 0.68 | 1.01 | 1.15 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.91 | 0.91 | 0.92 | 0.92 |
| Other Assets | 6.53 | 5.99 | 8.66 | 14.69 | 16.30 | 17.80 | 16.30 | 19.29 | 27.00 | 34.28 | 35.62 | 40.34 |
| Inventories | 4.53 | 3.79 | 4.45 | 7.24 | 10.55 | 9.43 | 9.22 | 9.04 | 14.50 | 15.98 | 14.20 | 12.13 |
| Trade receivables | 0.70 | 1.02 | 3.12 | 1.08 | 1.27 | 1.95 | 1.87 | 2.82 | 4.58 | 3.19 | 4.92 | 6.65 |
| Cash & equivalents | 0.00 | 0.04 | 0.05 | 3.35 | 1.73 | 3.51 | 2.35 | 3.81 | 2.07 | 5.98 | 8.68 | 15.61 |
| Total Assets | 9.40 | 9.00 | 11.56 | 18.05 | 20.69 | 21.77 | 19.47 | 22.31 | 32.16 | 39.71 | 41.00 | 44.98 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | 1.09 | 0.39 | 0.30 | 0.60 | 0.03 | 2.28 | −1.41 | 1.85 | 0.59 | 4.67 | 2.97 |
| Cash from investing activity | — | −0.23 | −0.28 | −0.09 | −0.65 | −1.45 | −0.12 | 0.23 | −0.35 | −1.94 | −5.35 | −3.56 |
| Cash from financing activity | — | −0.89 | −0.07 | −0.20 | 3.36 | −0.21 | −0.39 | 0.00 | −0.05 | −0.39 | 0.13 | 0.08 |
| Net cash flow | — | −0.03 | 0.06 | 0.03 | 3.31 | −1.63 | 1.79 | −1.17 | 1.47 | −1.74 | −0.59 | −0.55 |
| Capex | 1.69 | 0.23 | 0.30 | 0.09 | 0.65 | 1.45 | 0.12 | 0.00 | 0.35 | 1.94 | 0.98 | 0.65 |
| Free cash flow | — | 0.87 | 0.12 | 0.22 | −0.06 | −1.43 | 2.17 | −1.17 | 1.51 | −1.36 | 3.68 | 2.31 |
| CFO / OP % | — | 247.0% | 72.0% | 49.0% | 58.0% | 31.0% | 109.0% | 203.0% | 137.0% | 35.0% | 68.0% | 54.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 21 | 28 | 82 | 22 | 19 | 23 | 76 | 52 | 37 | 30 | 48 | 72 |
| Inventory days | 260 | 198 | 319 | 324 | 365 | 204 | 650 | 287 | 209 | 370 | 364 | 345 |
| Days payable | 46 | 42 | 96 | 72 | 126 | 88 | 268 | 142 | 73 | 109 | 59 | 65 |
| Cash conversion cycle | 236 | 185 | 306 | 274 | 259 | 140 | 459 | 198 | 173 | 292 | 355 | 353 |
| Working capital days | 86 | 89 | 77 | 78 | 72 | 65 | 316 | 145 | 120 | 171 | 168 | 160 |
| ROCE % | 10.4% | 14.1% | 48.3% | 31.9% | 33.8% | 23.3% | −3.0% | 12.8% | 52.4% | 43.5% | 27.5% | 18.3% |
For the Mar 2026 quarter, Pulz Electronics reported sales of ₹19.50 Cr, up 19.4% year on year and net profit of ₹2.85 Cr. The operating margin was 20.6%.
Pulz Electronics' sales for the year to Mar 2026 were ₹33.77 Cr.
Net profit for the year to Mar 2026 was ₹4.63 Cr. Earnings per share over the same trailing period were ₹2.14.
Pulz Electronics reported borrowings of ₹0.28 Cr at Mar 2026, against cash and equivalents of ₹15.61 Cr.
Cash from operations was ₹2.97 Cr in the year to Mar 2025; after capital spending, free cash flow was ₹2.31 Cr.