Consumer Electronics stock engaged in developing and manufacturing audio systems and solutions for cinema, pro-audio, studio, and others, hit a 5 percent upper circuit in the days upon declaring a bonus issue of 1:1
Price Action
With a market capitalization of Rs. 170 Crores, the shares of Pulz Electronics Limited hit a 5 percent upper circuit at Rs. 156.25 per equity from its previous day’s close price of Rs. 148.85. It has delivered a return of 93 percent in a year.
What Happened
The Board of Directors of Pulz Electronics Limited has considered and approved issuing bonus shares in the ratio of 1:1 where one equity share with a face value of Rs. 10 will be issued to every one equity share with a face value of Rs. 10 held by the shareholders of the company as on the record date.
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About the Company
Pulz Electronics Limited is engaged in developing and manufacturing audio systems and solutions and offers line array-based speaker systems for the cinema, pro-audio, studio, and home audio industries.
It is engaged in operating various technologies, namely Line Source, IsoWave, WaveDrive, AeorWave, Point Source, UL, and DPT. Its products include Cineline, Proline, Studio Line, and Home Audio.
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Financials & Ratios
Its Revenue from operations grew by 3.61 percent YoY from Rs. 44.89 Crores in FY23 to Rs. 46.51 Crores in FY24, accompanied by profits of Rs. 6.74 Crores to Rs. 8.28 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 39.6 percent and a return on capital employed (ROCE) of 52.3 percent. It has reported a high debt-to-equity ratio of 0.01.
Written by: Bharath K.S
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