PDS Ltd
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]
- Market Cap ₹ 5,847 Cr.
- Current Price ₹ 413
- High / Low ₹ 659 / 336
- Stock P/E 80.4
- Book Value ₹ 50.2
- Dividend Yield 1.15 %
- ROCE 15.2 %
- ROE 14.9 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
- Company has been maintaining a healthy dividend payout of 41.6%
- Company's median sales growth is 35.1% of last 10 years
Cons
- Stock is trading at 8.22 times its book value
- Tax rate seems low
- Earnings include an other income of Rs.83.2 Cr.
- Promoter holding has decreased over last 3 years: -5.23%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 7 | 25 | 13 | 18 | 39 | 41 | 46 | 116 | 463 | 625 | 456 | |
4 | 8 | 24 | 12 | 16 | 35 | 33 | 37 | 103 | 432 | 606 | 450 | |
Operating Profit | 1 | -1 | 1 | 2 | 2 | 4 | 8 | 9 | 13 | 31 | 19 | 6 |
OPM % | 16% | -15% | 5% | 11% | 12% | 11% | 19% | 19% | 11% | 7% | 3% | 1% |
0 | 0 | -0 | 0 | 7 | 1 | 1 | 42 | 62 | 69 | 76 | 83 | |
Interest | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 1 | 1 | 6 | 7 |
Depreciation | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 6 | 7 | 6 |
Profit before tax | -1 | -2 | -0 | 1 | 4 | 1 | 4 | 46 | 70 | 93 | 82 | 76 |
Tax % | -31% | -8% | -135% | 32% | 14% | -65% | 36% | 3% | 5% | 7% | 3% | 5% |
-1 | -2 | 0 | 1 | 4 | 1 | 3 | 45 | 67 | 86 | 79 | 73 | |
EPS in Rs | -31.67 | -0.14 | 0.01 | 0.04 | 0.29 | 0.08 | 0.21 | 3.43 | 5.13 | 6.60 | 6.00 | 5.15 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 92% | 93% | 39% | 52% | 33% |
Compounded Sales Growth | |
---|---|
10 Years: | 52% |
5 Years: | 62% |
3 Years: | 58% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | 45% |
5 Years: | 93% |
3 Years: | 3% |
TTM: | -8% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 52% |
3 Years: | 8% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 28% |
3 Years: | 25% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 28 |
Reserves | 105 | 77 | 77 | 77 | 81 | 82 | 85 | 130 | 176 | 190 | 239 | 682 |
4 | 12 | 23 | 25 | 21 | 18 | 15 | 11 | 12 | 15 | 65 | 52 | |
2 | 4 | 7 | 14 | 13 | 22 | 20 | 26 | 43 | 186 | 176 | 115 | |
Total Liabilities | 111 | 119 | 132 | 142 | 142 | 148 | 146 | 193 | 256 | 417 | 507 | 877 |
5 | 4 | 4 | 29 | 38 | 37 | 36 | 36 | 36 | 43 | 41 | 47 | |
CWIP | 2 | 11 | 23 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 100 | 100 | 100 | 100 | 101 | 102 | 101 | 101 | 122 | 162 | 183 | 516 |
3 | 4 | 5 | 5 | 2 | 9 | 10 | 56 | 99 | 212 | 283 | 314 | |
Total Assets | 111 | 119 | 132 | 142 | 142 | 148 | 146 | 193 | 256 | 417 | 507 | 877 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | -1 | 3 | 12 | 6 | 11 | 4 | 9 | 13 | 87 | -30 | -29 | |
-110 | -8 | -13 | -11 | -4 | -4 | -0 | 43 | 3 | 45 | 19 | -227 | |
108 | 9 | 10 | 2 | -6 | -5 | -5 | -9 | -43 | -91 | 5 | 343 | |
Net Cash Flow | 0 | 0 | -0 | 3 | -3 | 2 | -0 | 43 | -26 | 41 | -7 | 87 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 57 | 0 | 0 | 1 | 9 | 7 | 38 | 90 | 84 | 83 | 92 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 57 | 0 | 0 | 1 | 9 | 7 | 38 | 90 | 84 | 83 | 92 |
Working Capital Days | -73 | -95 | -98 | -354 | -219 | -169 | -121 | -101 | -7 | -49 | -11 | 18 |
ROCE % | -2% | -2% | 0% | 1% | 5% | 2% | 5% | 33% | 38% | 43% | 31% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12m - PDS Limited has informeds regarding schedule of investor meet.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - PDS Limited has informed to stock exchange regarding the Earnings Call Transcript.
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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
1d - 25% stake in Poeticgem transferred to MD, subsidiary no longer wholly owned by company.
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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
2d - Dissolution of non-operational step-down subsidiary New Lobster USA LLC effective May 9, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
19 May - Group CIO Saurabh Saxena resigns effective May 18, 2025, citing personal reasons.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023TranscriptPPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Dec 2021Transcript PPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Dec 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Sep 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
Business Segments[1]
1) Design-led Sourcing - Broaden design portfolio, introduce new concepts and trends, & source products across the value chain, enabling fast fashion. Clients include Primark, Tesco, Walmart, Kohls etc.
2) Sourcing as a Service - Exclusive & independent setup catering to a specific
retailer & brand, acting as their sourcing arm in
specified territories. It has partnered with 600+ factories globally
3) Manufacturing - Direct manufacturer with 3 specialty-focused in-house capabilities in strategic locations. Clients include Primark, Matalan, Sainsbury's etc.
4) Brand Management - Leveraging capabilities to revitalize brands, via brand management & wholesale distribution of licensed brands. Clients include Ted Baker, Forever 21, Lily & Sid, etc.
5) PDS Ventures - Investments in innovative solutions in apparel, sustainability & circularity from design to consumer. Clients include Style Theory, Kavida, Smartex, etc. This includes 22% of treasury investments and 18% of investments in real estate.[2]