Skip to content
PDS logo

PDS

PDSL NSE
₹359.50 No trade today
P/E
43.26
View as Markdown
MCP
Close 4 Nov 2026 ₹359.50 −21.00 −5.52% 1Y
Start ₹380.50

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.50%
Debt to Equity
0.72
EPS (TTM)
₹8.31
Book Value
₹125.23
Market Cap
—
P/E (TTM)
43.26
P/B
2.87
ROE
6.48%
Dividend Yield
0.95%
EBITDA
₹485 Cr
52W High
₹418.50
52W Low
₹246.05
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
69
Strong
Cheap vs sector & own history 24% weight
Growth
24
Poor
Sales & profit trajectory 9% weight
Financial Health
30
Poor
Solvency, leverage, coverage 9% weight
Momentum
64
Good
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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: -4.64%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
58.72
Neutral
MACD (12,26,9)
0.01
Bullish
SMA (50)
347.76
Bullish
SMA (200)
327.47
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.85%
5Y+16.11%
3Y+7.42%
1Y+4.23%
TTM+4.62%

Net profit

Net profit growth by window
10Y+15.26%
5Y+3.76%
3Y−18.35%
1Y−26.14%
TTM−18.78%

Operating cash flow

Operating cash flow growth by window
10Y+20.50%
5Y+15.56%
3Y+15.26%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.16 pp
5Y−0.74 pp
3Y−1.35 pp
1Y−0.68 pp
TTM−0.18 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4,616 Cr
Mar 2018₹4,924 Cr
Mar 2019₹6,486 Cr
Mar 2020₹6,648 Cr
Mar 2021₹6,213 Cr
Mar 2022₹8,828 Cr
Mar 2023₹10,577 Cr
Mar 2024₹10,373 Cr
Mar 2025₹12,578 Cr
Mar 2026₹13,110 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹38.00 Cr
Mar 2018₹20.00 Cr
Mar 2019₹69.00 Cr
Mar 2020₹81.00 Cr
Mar 2021₹148 Cr
Mar 2022₹293 Cr
Mar 2023₹327 Cr
Mar 2024₹203 Cr
Mar 2025₹241 Cr
Mar 2026₹178 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹469 Cr −3.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
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

94d ago

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.

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.

Quarterly Results

₹ Cr
PDSL quarterly results, ₹ crore
Particulars 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
4.79
8.45
16
10
20
12
9
9.46
40
28
5
28
9.46
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 (₹)
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

Profit & Loss

₹ Cr
PDSL profit and loss, annual, ₹ crore
Particulars 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
269
207
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 (₹)
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%
—

Balance Sheet

₹ Cr
PDSL balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
PDSL cash flow, annual, ₹ crore
Particulars 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/EBITDA
−18
298
213
155
168
142
163
129
113
53
0
200

Ratios

PDSL financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view PDS insights

64 extracted metrics across FY13–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 61.36%
  • Public 20.67%
  • Others 9.07%
  • DIIs 4.78%
  • FIIs 4.13%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about PDS

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.
Where is PDS Ltd (PDSL) listed?
PDS Ltd trades as PDSL on the NSE and under code 538730 on the BSE.
Which sector does PDS Ltd belong to?
PDS Ltd is classified under the Textiles sector, in the Textile Trading industry.
What is the PE ratio of PDS Ltd?
PDS Ltd trades at a PE ratio of 43.26 as of 4 Nov 2026, on earnings per share of ₹8.31, against a book value of ₹125.23 per share.
What is the 52-week high and low of PDS Ltd?
Over the last 52 weeks PDS Ltd has traded between ₹246.05 and ₹418.5 as of 4 Nov 2026.
Does PDS Ltd pay dividends?
PDS Ltd has a dividend yield of 0.95%.
What is the Return on Equity (ROE) of PDS Ltd?
PDS Ltd reported a return on equity of 6.48%. Its debt-to-equity ratio is 0.72.

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.

Website pdsltd.com
CEO Mr. Sanjay Jain
Employees 10,553
Listed 21 Oct 2014
Face Value ₹2

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/PDSL.md for PDS Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Textile stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month