Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.47 | 7.29 | 8.99 | 6.18 | 10.00 | 6.30 | 8.69 | 7.50 | 7.98 | 39.64 | 73.68 | 22.99 |
| Expenses | 2.08 | 7.09 | 8.23 | 5.44 | 9.16 | 5.64 | 9.13 | 7.10 | 7.74 | 36.06 | 77.65 | 23.03 |
| Operating Profit | -0.61 | 0.20 | 0.76 | 0.74 | 0.84 | 0.66 | -0.44 | 0.40 | 0.24 | 3.58 | -3.97 | -0.04 |
| OPM % | -41.50% | 2.74% | 8.45% | 11.97% | 8.40% | 10.48% | -5.06% | 5.33% | 3.01% | 9.03% | -5.39% | -0.17% |
| Other Income | 2.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.13 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.36 | 0.17 |
| Profit before tax | 1.46 | 0.20 | 0.76 | 0.74 | 0.84 | 0.66 | -0.44 | 0.40 | 0.19 | 3.58 | -4.02 | -0.08 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.10% | -6.22% | 0.00% |
| Net Profit | 1.46 | 0.20 | 0.76 | 0.74 | 0.84 | 0.66 | -0.44 | 0.40 | 0.18 | 3.29 | -3.77 | -0.07 |
| EPS in Rs | 0.07 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | -0.01 | 0.01 | 0.00 | 0.08 | -0.09 | -0.00 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 31 | 129 | 144 |
| Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 29 | 129 | 144 |
| Operating Profit | -0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 2 | 2 | 0 | -0 |
| OPM % | -37% | 2.1% | -25% | -15% | -53% | -120% | -78% | 35% | 13% | 6% | 0.2% | -0.1% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 2 | 2 | 0 | -0 |
| Tax % | -9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | |
| Net Profit | -0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 2 | 2 | 0 | -0 |
| EPS in Rs | -0.00 | 0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | 0.01 | 0.06 | 0.04 | 0.00 | -0.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 92% | 381% | 603% | 344% | ||
| Compounded Profit Growth | 12% | 30% | -8% | -125% | ||
| Stock Price CAGR | % | 22% | -58% | -82% | ||
| Return on Equity | 5% | 8% | 9% | 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 7 | 43 |
| Reserves | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 5 | 5 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 15 | 60 |
| Total Liabilities | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 13 | 27 | 108 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 13 | 27 | 102 |
| Total Assets | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 13 | 27 | 108 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 1 | 0 | -0 | 1 | -3 | -0 | -0 | -0 | -5 | -0 | -29 |
| Cash from Investing Activity | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | -6 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 1 | 3 | 0 | 36 |
| Net Cash Flow | 0 | 1 | 0 | -0 | 0 | -2 | -0 | -0 | 1 | -1 | -0 | 0 |
| Free Cash Flow | 0 | 1 | 0 | -0 | 1 | -3 | -0 | -0 | -0 | -5 | -0 | -36 |
| CFO/OP | 650% | -757% | 100% | 480% | -1,000% | 2,933% | 583% | 286% | -138% | -187% | -1% | -12,162% |
| 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 | 1,327 | 1,537 | 621 | 1,460 | 712 | 1,718 | 5,840 | 3,244 | 839 | 76 | 246 | 200 |
| Inventory Days | 3,832 | 348 | 0 | 24 | 0 | 54 | ||||||
| Days Payable | 0 | 0 | 34 | 157 | ||||||||
| Cash Conversion Cycle | 5,160 | 1,537 | 969 | 1,460 | 712 | 1,718 | 5,840 | 3,244 | 839 | 67 | 246 | 97 |
| Working Capital Days | 2,887 | 3,285 | 1,328 | 3,139 | 810 | 7,042 | 25,696 | 14,438 | 3,640 | 200 | 141 | 132 |
| ROCE % | -0% | -2% | -0% | -1% | -2% | -2% | -2% | -2% | 3% | 31% | 15% | 0% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 28.89% | 13.35% | 10.44% | 9.26% | 8.18% | 8.18% | 8.18% | 8.18% | 8.18% | 8.18% | 2.53% | 2.53% |
| FIIs | 0.09% | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 71.01% | 86.60% | 89.51% | 90.69% | 91.81% | 91.82% | 91.83% | 91.81% | 91.82% | 91.82% | 97.45% | 97.47% |
| No. of Shareholders | 13,427 | 13,485 | 13,653 | 16,729 | 16,008 | 17,242 | 31,937 | 31,919 | 31,941 | 33,137 | 47,200 | 49,296 |
Fundamentals
Market Cap₹ 17.1 Cr.
Current Price₹ 0.40
Book Value₹ 1.12
ROCE0.47 %
ROE0.33 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)344%
Compounded Profit Growth (TTM)-125%
Standalone figures.
Valuation
Market capRs 17 Cr
Enterprise valueRs 17 Cr
Price to book0.35x
Price to sales0.12x
EV / EBITDA208.07x
EV / sales0.12x
Earnings yield-2.21%
P/E, 3-year average210.33x
P/B, 3-year average1.98x
P/E, 5-year average159.63x
P/B, 5-year average1.23x
Profitability
Operating margin (excl. other income)0.19%
Operating margin (incl. other income)0.43%
EBITDA margin0.06%
Pre-tax margin-0.23%
Net profit margin-0.26%
Net margin, latest quarter-0.30%
ROE0.33%
ROCE0.47%
ROA0.15%
ROE, 3-year average15.52%
ROCE, 3-year average15.57%
ROA, 3-year average12.39%
ROE, 5-year average9.52%
ROCE, 5-year average9.55%
ROA, 5-year average7.65%
ROIC (approx.)-0.49%
Tax rate28.57%
Other income / net worth0.65%
Growth
Sales growth (latest year)313.19%
Profit growth (latest year)-94.32%
Sales CAGR, 3 years603.44%
Sales CAGR, 5 years381.04%
Profit CAGR, 3 years-8.37%
Sales growth QoQ-68.80%
Sales growth YoY (latest quarter)206.53%
Profit growth YoY (latest quarter)-117.50%
Per share
EPS (TTM)Rs -0.01
EPS (latest year)Rs 0.00
EPS (latest quarter)Rs -0.00
EPS, 3-year averageRs 1.37
EPS, 5-year averageRs 0.86
Book value per shareRs 1.12
Sales per shareRs 3.37
Cash flow per shareRs -0.68
Free cash flow per shareRs -0.84
Efficiency
Asset turnover1.19x
Fixed asset turnover21.72x
Inventory turnover6.82x
Inventory days54 days
Debtor days200 days
Debtors turnover1.83x
Creditor days157 days
Cash conversion cycle97 days
Working capital days132 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Debt to equity0.00x
Net debt / EBITDA-0.75x
Owners' fund to total sources44.29%
Debt to assets0.05%
Cash flow
Cash from Operating Activity (latest year)Rs -29 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 36 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -36 Cr
FCFE (approx.: FCF + change in debt)Rs -36 Cr
Cash from ops / profit, 5 years-8.50x
Statement figures
Net sales (TTM)Rs 144 Cr
Net sales (latest year)Rs 129 Cr
Sales (latest quarter)Rs 23 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs -0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 127 Cr
Total expenditure (latest year)Rs 129 Cr
Total income (latest year)Rs 129 Cr
Share capitalRs 43 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 48 Cr
Total assetsRs 108 Cr
Net blockRs 6 Cr
ReceivablesRs 71 Cr
InventoryRs 19 Cr
Other liabilitiesRs 60 Cr
Shares outstanding (crore)42.83
Ownership
Promoter holding2.53% (-5.65 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.35 is at the 1th percentile (median 7.33).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 512591 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.5% | -2.8% | +0.3 pts |
| 1 month | -15.2% | -6.8% | -8.4 pts |
| 3 months | -27.8% | -7.6% | -20.2 pts |
| 3 years | -92.5% | +14.2% | -106.6 pts |
| 5 years | +178.6% | +27.9% | +150.7 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -778% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 27% of total assets in 2026 |
| explain | Share dilution Share count up 0% in a year, 116% in three |
| look | Profit leans on other income Other income was 221% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹23 Cr +206.5% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Pulsar International Ltd?
Pulsar International Ltd (512591) has a market capitalisation of Rs 17.1 Cr. at the 2026-10-01 close.
What were Pulsar International Ltd's latest quarterly results?
In the Jun 2026 quarter, Pulsar International Ltd sales was Rs 23 Cr (+206.5% vs Jun 2025) with a net loss of Rs 0 Cr.