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PDS Overview

PDS Ltd, collectively with its subsidiaries, designs, develops, resources, manufactures, markets, and distributes diverse readymade clothes and other purchaser products worldwide. It operates thru 3 segments: Sourcing, Manufacturing, and PDS Venture Tech Investments. The enterprise offers various apparel solutions for men, ladies, necessities, kids, and babies, in addition to operates showrooms in the United States, Canada, Chile, the UK, Spain, France, Italy, Germany, Hong Kong, India, Australia, and South Africa. It additionally provides lice...Read More

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PDS Key Financials

Market Cap ₹3953 Cr.

Stock P/E 16.4

P/B 2.3

Current Price ₹279.5

Book Value ₹ 122.9

Face Value 2

52W High ₹464.9

Dividend Yield 1.2%

52W Low ₹ 246

PDS Share Price

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Volume
Price

PDS Quarterly Price

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PDS Peer Comparison

PDS Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2463 2580 3215 2621 3306 3125 3526 2999 3419 3172
Other Income 8 16 6 20 12 9 9 40 27 5
Total Income 2471 2595 3221 2641 3318 3134 3535 3039 3446 3177
Total Expenditure 2326 2505 3102 2548 3163 3026 3386 2949 3316 3063
Operating Profit 145 90 119 93 155 108 149 90 130 114
Interest 24 31 28 33 34 30 29 34 43 36
Depreciation 23 23 26 23 25 27 36 30 33 32
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 98 36 65 37 96 51 84 27 55 46
Provision for Tax 10 11 4 5 7 5 10 7 7 7
Profit After Tax 88 26 61 32 88 46 74 20 47 38
Adjustments -23 -11 -15 -12 -21 -18 -34 -7 -17 -19
Profit After Adjustments 65 15 46 20 67 28 40 13 30 20
Adjusted Earnings Per Share 5 1.1 3.5 1.5 4.8 2 2.9 0.9 2.1 1.4

PDS Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3872 4277 4616 4924 6486 6648 6213 8828 10577 10373 12578 13116
Other Income 14 31 16 24 16 27 37 86 52 35 50 81
Total Income 3886 4308 4632 4948 6502 6675 6250 8914 10629 10407 12628 13197
Total Expenditure 3818 4235 4561 4886 6350 6437 5968 8494 10103 9960 12096 12714
Operating Profit 68 73 71 62 152 238 282 420 526 448 531 483
Interest 19 14 13 22 56 74 41 39 89 128 151 142
Depreciation 15 15 13 16 26 52 68 70 80 93 111 131
Exceptional Income / Expenses -1 -0 0 0 0 -14 0 0 0 0 0 0
Profit Before Tax 34 44 45 24 69 97 174 310 357 232 268 212
Provision for Tax 5 1 5 3 0 9 22 17 30 30 27 31
Profit After Tax 29 43 40 21 69 88 152 293 327 203 241 179
Adjustments -7 -15 -26 -29 -25 -42 -68 -44 -62 -58 -84 -77
Profit After Adjustments 22 28 14 -8 44 46 84 248 265 144 157 103
Adjusted Earnings Per Share 1.7 2.1 1.1 -0.6 3.4 3.5 6.5 19.1 20.3 10.9 11.1 7.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 21% 13% 14% 13%
Operating Profit CAGR 19% 8% 17% 23%
PAT CAGR 19% -6% 22% 24%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% -8% 16% 23%
ROE Average 18% 24% 27% 18%
ROCE Average 17% 22% 22% 14%

PDS Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 447 481 463 465 468 559 647 872 1054 1166 1650
Minority's Interest 51 64 77 79 31 52 69 64 59 79 66
Borrowings 55 13 38 60 10 5 2 0 2 45 119
Other Non-Current Liabilities 0 -3 1 1 7 79 56 101 94 96 94
Total Current Liabilities 838 886 859 1055 1654 1649 1564 2350 1892 2664 2794
Total Liabilities 1391 1441 1437 1660 2170 2344 2337 3387 3101 4051 4722
Fixed Assets 192 195 72 273 354 479 464 418 459 479 672
Other Non-Current Assets 36 66 228 109 88 92 122 357 419 622 539
Total Current Assets 1162 1180 1137 1278 1728 1773 1752 2611 2223 2951 3512
Total Assets 1391 1441 1437 1660 2170 2344 2337 3387 3101 4051 4722

PDS Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 89 87 68 135 112 240 337 282 443 486 328
Cash Flow from Operating Activities -10 121 121 58 213 281 379 407 510 190 -37
Cash Flow from Investing Activities 4 -91 -46 -147 -195 -79 -83 -228 -137 -314 -258
Cash Flow from Financing Activities 1 -70 -9 66 115 -128 -347 -26 -337 -38 403
Net Cash Inflow / Outflow -5 -40 66 -23 133 74 -50 153 36 -163 108
Closing Cash & Cash Equivalent 87 68 135 112 240 337 282 443 486 328 428

PDS Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.67 2.14 1.1 -0.6 3.37 3.53 6.47 19.08 20.26 10.95 11.12
CEPS(Rs) 3.32 4.43 4.09 2.86 7.32 10.76 16.9 27.86 31.11 22.48 24.96
DPS(Rs) 0 0 0 0 0 0 3.15 4.77 5.1 4.75 3.35
Book NAV/Share(Rs) 34.3 36.94 35.55 35.68 35.95 42.9 49.67 65.41 77.83 85.49 114.66
Core EBITDA Margin(%) 1.4 0.97 1.19 0.77 2.09 3.17 3.94 3.78 4.48 3.98 3.83
EBIT Margin(%) 1.36 1.35 1.27 0.93 1.93 2.58 3.45 3.96 4.22 3.48 3.33
Pre Tax Margin(%) 0.88 1.02 0.98 0.49 1.06 1.47 2.8 3.51 3.37 2.24 2.13
PAT Margin (%) 0.74 1.01 0.87 0.42 1.06 1.32 2.45 3.32 3.09 1.95 1.92
Cash Profit Margin (%) 1.11 1.35 1.15 0.76 1.47 2.11 3.54 4.11 3.85 2.85 2.8
ROA(%) 2.14 3.04 2.8 1.35 3.6 3.9 6.51 10.23 10.07 5.67 5.5
ROE(%) 6.96 9.28 8.54 4.49 14.78 17.13 25.27 39.08 34.95 18.9 17.59
ROCE(%) 5.91 6.13 6.18 4.7 11.48 13.89 17.55 26.55 28.31 19.16 17.22
Receivable days 61.19 63.6 59.45 56.01 50.97 51.09 51.18 48.19 41.41 46.72 51.32
Inventory Days 9.86 5.92 3.36 3.68 5.65 8.76 11.17 10.39 9.68 10.28 11.78
Payable days 35.64 35.07 33.59 36.76 40.45 48.56 57.06 60.67 55.78 58.07 54.7
PER(x) 18.05 16.91 30.72 0 15.87 15.96 20.7 18.2 16.39 43.1 39.05
Price/Book(x) 0.88 0.98 0.95 1.6 1.49 1.31 2.7 5.31 4.27 5.52 3.79
Dividend Yield(%) 0 0 0 0 0 0 2.35 1.37 1.54 1.01 0.77
EV/Net Sales(x) 0.18 0.18 0.14 0.22 0.16 0.15 0.29 0.51 0.4 0.62 0.52
EV/Core EBITDA(x) 10.16 10.41 9.2 17.24 6.76 4.12 6.4 10.67 8.02 14.46 12.24
Net Sales Growth(%) 5.03 10.44 7.93 6.67 31.72 2.5 -6.55 42.1 19.81 -1.93 21.26
EBIT Growth(%) 21.6 9.69 1.07 -21.81 174.1 37.02 24.77 63.02 27.57 -19.13 16.33
PAT Growth(%) 20.09 50.91 -6.35 -48.34 230.87 27.61 73.16 92.22 11.59 -37.97 19.09
EPS Growth(%) -99.77 28.06 -48.64 -154.71 658.93 4.99 83.22 194.66 6.19 -45.96 1.56
Debt/Equity(x) 1.06 1.01 1 1.19 1.5 1.34 0.76 0.73 0.59 0.84 0.69
Current Ratio(x) 1.39 1.33 1.32 1.21 1.04 1.08 1.12 1.11 1.18 1.11 1.26
Quick Ratio(x) 1.28 1.28 1.28 1.15 0.96 0.96 0.99 0.98 1.04 0.98 1.08
Interest Cover(x) 2.8 4.09 4.47 2.11 2.23 2.31 5.29 8.87 5 2.81 2.78
Total Debt/Mcap(x) 1.21 1.03 1.06 0.74 1.01 1.02 0.28 0.14 0.14 0.15 0.18

PDS Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 65.84 65.81 65.73 61.69 61.52 61.42 61.41 61.41 61.4 61.37
FII 3.41 3.72 3.69 5.24 5.15 5 4.43 3.67 3.23 3.32
DII 0.64 0.85 0.91 5.29 5.74 5.74 5.92 5.66 5.78 5.77
Public 30.11 29.63 29.67 27.78 27.59 27.84 28.24 29.26 29.6 29.54
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

PDS News

PDS Pros & Cons

Pros

  • Company has delivered good profit growth of 22% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 58.07 to 54.7days.

Cons

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