Pulz Electronics (NSE:PULZ) Scaled Net Operating Assets: 0.55 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:PULZ Pulz Electronics Ltd NSE:PULZ
82 GF Score
Price ₹24.90
GF Value ₹40.18
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Pulz Electronics Scaled Net Operating Assets?

Pulz Electronics NSE:PULZ +4.18% 82 Scaled Net Operating Assets is 0.55 as of Mar. 2026. GuruFocus rates NSE:PULZ with a GF Score™ of 82/100 and a GF Value™ of ₹40.18 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pulz Electronics's operating assets for the quarter that ended in Mar. 2026 was ₹292.0 Mil. Pulz Electronics's operating liabilities for the quarter that ended in Mar. 2026 was ₹65.5 Mil. Pulz Electronics's Total Assets for the quarter that ended in Sep. 2025 was ₹408.3 Mil. Therefore, Pulz Electronics's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.55.


Pulz Electronics Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Pulz Electronics's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pulz Electronics Scaled Net Operating Assets Chart

Pulz Electronics Annual Data
Trend Mar16 Mar17 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.85 0.73 0.63 0.55

Pulz Electronics Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.64 0.60 0.59 0.56

NSE:PULZ vs AAPL: Scaled Net Operating Assets Comparison

For the Consumer Electronics subindustry, Pulz Electronics's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pulz Electronics Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Pulz Electronics's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Pulz Electronics's Scaled Net Operating Assets falls into.


NSE:PULZ
82GF Score
Pulz Electronics Ltd NSE:PULZ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pulz Electronics Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pulz Electronics's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(292.002-65.488)/409.021
=0.55

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=448.537 - 156.535
=292.002

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.34 - 1.769 - 1.083
=65.488

Pulz Electronics's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(292.002-65.488)/408.254
=0.55

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=448.537 - 156.535
=292.002

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.34 - 1.769 - 1.083
=65.488

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.55 mean?
Pulz Electronics (NSE:PULZ) has a Scaled Net Operating Assets of 0.55 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pulz Electronics and its competitors.
Is Pulz Electronics' Scaled Net Operating Assets too high?
Pulz Electronics' current Scaled Net Operating Assets is 0.55. Overall, Pulz Electronics has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pulz Electronics' Scaled Net Operating Assets compare to AAPL?
Pulz Electronics' Scaled Net Operating Assets of 0.55 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Hardware company?
A good Scaled Net Operating Assets depends on the Hardware industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pulz Electronics and its competitors. Pulz Electronics's current Scaled Net Operating Assets is 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulz Electronics stock overvalued right now?
Based on GuruFocus' analysis, Pulz Electronics (NSE:PULZ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹40.18, compared to a current price of ₹24.90 — trading 38% below its estimated fair value. The current Scaled Net Operating Assets is 0.55. Pulz Electronics' overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Pulz Electronics (NSE:PULZ), the current Scaled Net Operating Assets is 0.55 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pulz Electronics (NSE:PULZ) Overvalued in 2026?

Based on GuruFocus' analysis, Pulz Electronics stock appears to be undervalued. The current stock price of ₹24.90 is trading 38% below its estimated GF Value™ of ₹40.18. GuruFocus considers Pulz Electronics to be Significantly Undervalued.

Key valuation signals for NSE:PULZ:

  • Scaled Net Operating Assets: 0.55
  • GF Value™: ₹40.18 vs. price of ₹24.90 (38% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the NSE:PULZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pulz Electronics Business Description

Address Veera Desai Road, Kailashpati, 2nd Floor, Plot No. 10A, Andheri (West), Mumbai, MH, IND, 400 053
Pulz Electronics Ltd develops, manufactures, and sells audio systems and solutions to the cinema, pro-audio, studio, and home audio industries in India and internationally. The technologies offered by the company include Line Source, IsoWave, WaveDrive, AeroWave, and Point Source Precision. The company's business falls within a single business segment of Audio Systems. Geographically, the company generates the majority of its revenue from India.
82GF Score

Get the complete analysis for NSE:PULZ

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹24.90
Price
₹40.18
GF Value