PDS Ltd logo

PDS Ltd

PDSL NSE

Key Fundamentals

MicrocapTextile TradingTextiles
Market Cap
₹5,248 Cr
Volatility
Moderate
P/E Ratio
43.68
EBITDA
₹485 Cr
Return on Equity
9.55%
Debt to Equity
0.72
Book Value
₹125.25
EPS
₹11
52W High
₹418.5
52W Low
₹246.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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58 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 21.6%

Weaknesses

3
  • Tax rate seems low
  • Company has a low return on equity of 9.78% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.79%

Growth Rate

Revenue Growth
4.61% ↗
Net Income Growth
-26.43% ↗
Cash Flow Change
2236.39% ↗
ROE
-33.63% ↗
ROCE
-19.86% ↗
EBITDA Margin (Avg.)
-8.48% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

PDS Ltd is a mid-cap textiles company with a market cap of ₹5,107 Cr trading at a P/E of 27.3x. The company has delivered strong long-term sales growth (10-year CAGR of 12%) but is experiencing a sharp near-term profit decline (TTM profit growth of -30%), while ROE has deteriorated from a 5-year average of 15% to just 6% in the last year.

Bull Case 7
  • Strong long-term revenue compounding with 10-year sales CAGR of 12%, indicating a scalable business model in the textiles/sourcing space
  • Robust 10-year stock CAGR of 26%, reflecting sustained long-term value creation for shareholders
  • 5-year compounded sales growth of 16% demonstrates an acceleration phase in the medium term
  • 5-year compounded profit growth of 6% shows the company has been profitable on a medium-term basis despite recent headwinds
  • Consistent dividend payout of 21.6% with a current yield of 0.96%, providing some income to shareholders
  • 5-year ROE average of 15% indicates historically efficient capital deployment
  • TTM sales growth of 4% shows the company is still expanding its top line even during the current challenging period
Bear Case 8
  • TTM profit declined sharply by -30%, signaling significant margin compression or operational challenges
  • 3-year compounded profit growth of -23% indicates a sustained and worsening earnings trajectory, not a one-off event
  • ROE collapsed from 15% (5-year average) to just 6% in the last year, reflecting deteriorating capital efficiency
  • Promoter holding has decreased by 4.79% over the last 3 years, which may signal reduced insider confidence
  • P/E of 27.3x appears elevated relative to the current low ROE of 6% and declining earnings trajectory
  • 3-year ROE average of only 9.78% is below the cost of equity for most investors
  • 1-year stock return of -2% and 3-year CAGR of just 2% suggest the market has already begun pricing in weaker fundamentals
  • Tax rate flagged as unusually low, which may not be sustainable and could compress post-tax earnings if normalized

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 16d ago
Positives 3
  • Wins $250m sourcing contract Jul 13

    PDS entered a multi-year SaaS contract with a leading French-headquartered global supermarket to manage textile sourcing operations across five countries, valued at $250 million.

  • Busana partnership for manufacturing Jul 14

    PDS partnered with Busana Apparel Group to strengthen global manufacturing capabilities, aiming to enhance supply chain resilience and speed-to-market.

  • ₹1.65 dividend declared for FY26 Jul 7

    PDS announced a final dividend of ₹1.65 per share for FY26 with AGM scheduled for July 31, 2026.

Neutral 3
  • US subsidiaries dissolved, no impact Jul 15

    PDS dissolved two inactive US step-down subsidiaries — Design Arc LLC (effective Jul 13) and Design COE USA INC (effective Jul 22) — as part of corporate structure streamlining with no financial impact.

  • DBS Lifestyle reclassified as associate Jul 23

    PDS transferred 409 equity shares of DBS Lifestyle India on Jul 23, reducing its stake to ~49% and reclassifying it from subsidiary to associate.

  • BRSR filed for FY26 Jul 7

    PDS filed its Business Responsibility and Sustainability Report for FY26 detailing environmental initiatives and governance practices.

TL;DR: PDS is demonstrating strong commercial momentum with a landmark $250m sourcing contract and a strategic manufacturing partnership with Busana Apparel Group, while rewarding shareholders with a ₹1.65 dividend. Corporate housekeeping — dissolving dormant US entities and reclassifying a stake — signals a cleaner structure with no operational disruption. No material headwinds are visible in the current news cycle. The trend is improving, with global client wins and supply chain expansion positioning PDS well for near-term revenue growth.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,115
2,463
2,580
3,215
2,621
3,306
3,125
3,526
2,999
3,419
3,172
3,519
3,444
Expenses
2,048
2,326
2,505
3,102
2,549
3,163
3,027
3,386
2,949
3,316
3,064
3,399
3,348
Operating Profit
67
136
75
114
72
144
98
139
51
103
108
120
96
OPM %
3.2%
6%
2.9%
3.5%
2.8%
4.3%
3.1%
4%
1.7%
3%
3.4%
3.4%
2.8%
Other Income
6
9
16
10
20
12
9
10
40
28
5
28
11
Interest
23
24
31
28
33
34
30
29
34
43
36
34
37
Depreciation
22
23
23
26
23
25
27
36
30
33
32
36
36
PBT
28
98
36
70
36
96
51
84
27
56
44
78
34
Tax %
18%
10%
29%
6%
13%
8%
10%
11%
26%
13%
16%
8%
17%
Net Profit
23
88
26
65
31
89
45
75
20
48
37
72
29
EPS in Rs
1.44
4.95
1.11
3.47
1.51
4.8
1.96
2.85
0.92
2.12
1.39
3.47
1.33
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,872
4,277
4,616
4,924
6,486
6,648
6,213
8,828
10,577
10,373
12,578
13,110
13,554
Expenses
3,818
4,235
4,559
4,886
6,350
6,444
5,972
8,495
10,102
9,959
12,097
12,699
13,127
Operating Profit
54
42
57
38
136
204
241
334
475
414
481
411
427
OPM %
1.4%
1%
1.2%
0.8%
2.1%
3.1%
3.9%
3.8%
4.5%
4%
3.8%
3.1%
3.1%
Other Income
13
31
14
24
16
13
37
86
51
40
50
100
73
Interest
19
14
13
22
56
74
41
39
89
128
151
174
150
Depreciation
15
15
13
16
26
52
68
70
80
93
111
131
137
PBT
34
44
45
24
69
91
170
310
357
232
268
205
213
Tax %
16%
2%
11%
13%
0%
10%
13%
6%
8%
13%
10%
14%
—
Net Profit
29
43
38
20
69
81
148
293
327
203
241
178
186
EPS in Rs
1.67
2.14
1.1
-0.6
3.37
3.53
6.48
19.08
20.24
10.93
11.1
7.9
8.31
Div. Payout %
0%
0%
0%
0%
0%
0%
49%
25%
25%
29%
15%
21%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
26
26
26
26
26
26
26
26
26
26
28
28
Reserves
421
455
437
439
442
533
621
846
1,028
1,140
1,586
1,735
Borrowings
475
485
465
552
700
747
562
740
719
1,054
1,232
1,264
Other Liabilities
469
478
509
643
1,003
1,038
1,136
1,782
1,336
1,841
1,899
2,238
Total Liabilities
1,391
1,445
1,437
1,660
2,172
2,344
2,345
3,395
3,109
4,062
4,745
5,266
Fixed Assets
192
195
210
273
354
479
464
463
484
504
701
858
CWIP
11
23
20
30
15
21
5
3
8
115
1
0
Investments
20
44
68
98
79
89
154
319
418
457
503
524
Other Assets
1,168
1,183
1,140
1,258
1,723
1,755
1,722
2,609
2,199
2,986
3,541
3,884
Total Assets
1,391
1,445
1,437
1,660
2,172
2,344
2,345
3,395
3,109
4,062
4,745
5,266
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-10
121
121
58
213
281
379
407
510
190
-37
781
Investing
7
-70
-46
-147
-200
-55
-88
-221
-130
-309
-266
18
Financing
1
-70
-9
66
115
-128
-347
-26
-337
-38
403
-500
Net Cash Flow
-2
-19
66
-23
129
97
-55
160
43
-158
100
299
Free Cash Flow
-28
98
82
-29
77
225
353
363
451
23
-180
718
CFO/OP
-18
298
213
155
168
142
163
129
113
53
0
200
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
67
66
58
58
58
46
53
59
34
59
54
46
Inventory Days
10
5
3
6
9
12
14
15
11
15
18
20
Days Payable
38
36
34
41
49
48
63
77
47
66
55
61
Cash Conversion Cycle
39
36
26
22
18
10
5
-3
-2
7
17
4
Working Capital Days
14
8
2
-2
-18
-22
-18
-18
-16
-14
-3
-11
ROCE %
6%
6%
6%
4%
11%
14%
16%
24%
23%
17%
16%
12%

Shareholding Pattern

As of Jun 2026
Promoters 61.37%
Public 20.53%
Others 9.13%
DIIs 5.19%
FIIs 3.78%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Aug 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
66.65%
66.65%
66.65%
66.65%
66.65%
66.52%
66.52%
66.37%
66.30%
66.16%
66.00%
65.84%
65.81%
65.73%
61.81%
61.69%
61.52%
61.42%
61.41%
61.41%
61.40%
61.37%
61.37%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.97%
0.00%
3.72%
3.69%
5.56%
5.24%
5.15%
5.00%
4.43%
3.67%
3.23%
3.32%
3.78%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.60%
0.59%
0.59%
0.57%
0.66%
0.04%
0.85%
0.91%
5.05%
5.29%
5.74%
5.74%
5.92%
5.66%
5.78%
5.77%
5.19%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
20.30%
20.36%
20.14%
20.13%
20.20%
20.82%
20.63%
21.32%
21.56%
22.23%
22.56%
22.18%
21.57%
21.59%
19.78%
20.01%
19.72%
19.96%
20.11%
20.80%
20.68%
20.33%
20.53%
Others
13.05%
12.99%
13.21%
13.22%
13.16%
12.66%
12.25%
11.71%
11.55%
11.04%
7.81%
11.94%
8.05%
8.08%
7.80%
7.76%
7.87%
7.88%
8.13%
8.46%
8.92%
9.21%
9.13%
No. of Shareholders
12,151
12,466
13,059
13,936
13,999
14,319
16,470
18,521
20,655
22,127
24,146
26,780
28,850
28,738
29,585
30,787
32,091
30,720
31,159
32,480
31,101
30,098
30,943

Documents

1
Concall - Jun 2017 Jun 2017
2
Concall - Sep 2017 Sep 2017
3
Concall - Dec 2017 Dec 2017
4
Concall - Jan 2018 Jan 2018
5
Concall - Feb 2018 Feb 2018

Frequently Asked Questions about PDS Ltd

What does PDS Ltd do?
PDS Ltd is engaged in trading of garments, investment holding, design, development, marketing, sourcing and distribution of readymade garments of all kinds and other consumer products worldwide.[1]
Where is PDS Ltd (PDSL) listed?
PDS Ltd is listed on the Indian stock exchanges. It is listed on NSE: PDSL and BSE: 538730. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PDS Ltd belong to?
PDS Ltd operates in the Textiles sector within the Textile Trading industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PDS Ltd?
PDS Ltd has a market capitalisation of approximately ₹5248.21 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of PDS Ltd?
The Price-to-Earnings (PE) ratio of PDS Ltd is 43.68. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of PDS Ltd?
Over the past 52 weeks, PDS Ltd has traded between a low of ₹246.05 and a high of ₹418.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does PDS Ltd pay dividends?
Yes, PDS Ltd has a dividend yield of 0.88%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of PDS Ltd?
PDS Ltd has a Return on Equity (ROE) of 9.55%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PDS Ltd on Tapetide?
On Tapetide, you can view PDS Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

PDS Ltd is engaged in trading of garments, investment holding, design, development, marketing, sourcing and distribution of readymade garments of all kinds and other consumer products worldwide.[1]

Website pdsltd.com
CEO Mr. Sanjay Jain
Employees 10,553
Listed 2014-10-21
Face Value ₹ 2
Issued Size 14,13,78,383

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