NSE: PALREDTEC · BSE: 532521
PALRED TECHNOLOGIES LTD
Sells affordable consumer electronics under the pTron brand, covering personal audio, mobile accessories, automotive accessories (portable car vacuum cleaners Neo Vac X1/X2 and a wireless CarPlay adapter called Car Sync), and smart eyewear (Orbis Era, Orbis Urban). Products are priced between INR 1,199 and INR 1,999 and are sold through a digital-first model, with new launches distributed exclusively via Amazon India. The standalone listed entity is profitable on a small revenue base, but the consolidated group runs at a loss, dragged down by subsidiary operations, including three step-down subsidiaries in Hong Kong, China, and Turkey. Materials are the largest cost at 62.2% of revenue, followed by other operating expenses at 32.5% and employee costs at 14.0%; capital expenditure is minimal at 0.2% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Personal audio & mobile accessories, Automotive accessories, Smart eyewear. Asset-light, digitally distributed consumer electronics
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 128 | 148 | 116 | 86 | 77 |
| EBITDA (ex other income) | 1 | 2 | (2) | (6) | (5) |
| margin % | 0.9 | 1.6 | (1.3) | (6.8) | (6.8) |
| Owners' profit | (2) | (0) | (3) | (8) | (5) |
| EPS, as reported (₹) | (1.76) | (0.03) | (2.80) | (6.36) | (4.31) |
| ROE % · ROCE % | (4.3) · 3.9 | (0.7) · 5.9 | (9.0) · 2.2 | (21.7) · (6.2) | (19.2) · (3.8) |
| Debt / equity (x) | 0.82 | 0.89 | 1.12 | 1.21 | 1.57 |
| Cash from operations | (3) | (18) | (2) | 13 | 0 |
| Capex | (0) | (2) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 20 | 18 | 14 | 24 | 18 | 22 | 22 |
| Profit before tax | (1) | (2) | (3) | (3) | (1) | (1) | (1) | (1) |
| Net profit | (1) | (2) | (5) | (3) | (1) | (1) | (1) | (1) |
| EPS (₹) | (0.69) | (1.34) | (3.54) | (2.07) | (0.74) | (0.82) | (0.67) | (0.78) |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Routine compliance certificate for Q2 FY27 dematerialization | compliance | minimal | — | — |
| 30 Sept 2026 · Palred Technologies 27th AGM: Both Resolutions Passed | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Palred Technologies 27th AGM held on Sept 30, 2026; both resolutions passed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Closure of Trading Window | compliance | minimal | — | — |
| 8 Sept 2026 · Palred Technologies publishes 27th AGM notice in two newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Book Closure for 27th AGM from Sep 24 to Sep 30, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 27th AGM scheduled for September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board meeting outcome: 27th AGM on Sep 30, director re-appointment approved | management changes | low | — | — |
| 27 Aug 2026 · Board meeting on Sept 4 to consider AGM Notice and Board's Report | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Palred Tech Q1 FY27: Standalone PAT Rs 63 lakh, consol loss narrows | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.