PDS Ltd

₹ 346 -2.58%
25 Nov - close price
About

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]

Key Points

Sourcing Segment (~96% of revenues) [1]
The company offers various leading brands and retailers a wide range of products, sourced from its 550+ partner factories across various countries. Its products include apparel, accessories, footwear, and home products. It has a capacity of ~1 million pieces of garments per day from its partners.
It also has a team of 150+ designers from cities like London, Hong Kong, New York, Barcelona, Shanghai, etc. to track the latest trends in the fashion industry. [2] [3] [4]

  • Market Cap 4,516 Cr.
  • Current Price 346
  • High / Low 420 / 271
  • Stock P/E 16.5
  • Book Value 73.0
  • Dividend Yield 1.38 %
  • ROCE 24.8 %
  • ROE 32.7 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 77.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.6%

Cons

  • Tax rate seems low

* 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.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,673 1,437 2,004 967 1,856 1,626 1,765 1,626 2,195 2,232 2,775 2,340 2,921
1,647 1,414 1,897 953 1,821 1,550 1,668 1,592 2,111 2,131 2,674 2,268 2,802
Operating Profit 26 22 107 13 35 76 96 34 84 101 102 73 119
OPM % 2% 2% 5% 1% 2% 5% 5% 2% 4% 5% 4% 3% 4%
8 16 -21 17 10 7 10 49 11 5 21 3 40
Interest 4 8 26 10 5 5 5 5 7 5 11 9 14
Depreciation 9 17 17 16 16 16 20 17 17 17 19 19 20
Profit before tax 21 13 43 4 23 62 81 62 71 85 93 47 124
Tax % 0% 14% 17% 47% 22% 5% 14% 4% 6% 5% 7% 7% 9%
Net Profit 21 11 36 2 18 59 69 59 67 81 86 44 113
EPS in Rs 0.58 0.80 1.30 -0.39 -0.31 2.54 4.63 4.14 3.97 5.05 5.92 2.84 7.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3,687 3,872 4,277 4,616 4,924 6,486 6,648 6,213 8,828 10,269
3,686 3,818 4,235 4,559 4,886 6,350 6,444 5,972 8,495 9,874
Operating Profit 1 54 42 57 38 136 204 241 334 395
OPM % 0% 1% 1% 1% 1% 2% 3% 4% 4% 4%
58 13 31 14 24 16 13 37 86 69
Interest 17 19 14 13 22 56 74 41 39 39
Depreciation 16 15 15 13 16 26 52 68 70 75
Profit before tax 27 34 44 45 24 69 91 170 310 349
Tax % 11% 16% 2% 11% 13% 0% 10% 13% 6%
Net Profit 24 29 43 38 20 69 81 148 293 324
EPS in Rs 612.33 1.67 2.14 1.10 -0.60 3.37 3.53 6.48 19.08 21.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 49% 25%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 11%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: 77%
3 Years: 78%
TTM: 38%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 76%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 20%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
0 26 26 26 26 26 26 26 26 26
Reserves 373 421 455 437 439 442 533 621 846 926
466 475 485 465 552 700 747 562 740 830
435 469 478 509 643 1,003 1,038 1,136 1,782 1,527
Total Liabilities 1,274 1,391 1,445 1,437 1,660 2,172 2,344 2,345 3,395 3,309
183 192 195 210 273 354 479 464 463 437
CWIP 2 11 23 20 30 15 21 5 3 6
Investments 23 20 44 68 98 79 89 154 319 382
1,066 1,168 1,183 1,140 1,258 1,723 1,755 1,722 2,609 2,485
Total Assets 1,274 1,391 1,445 1,437 1,660 2,172 2,344 2,345 3,395 3,309

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5 -10 121 121 58 213 281 379 403
-310 7 -70 -46 -147 -200 -55 -88 -221
394 1 -70 -9 66 115 -128 -347 -22
Net Cash Flow 89 -2 -19 66 -23 129 97 -55 160

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 58 67 66 58 58 58 46 53 59
Inventory Days 14 10 5 3 6 9 12 14 15
Days Payable 35 38 36 34 41 49 48 63 77
Cash Conversion Cycle 37 39 36 26 22 18 10 5 -3
Working Capital Days 47 53 48 36 34 21 19 12 9
ROCE % 6% 6% 6% 5% 11% 14% 16% 25%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.52 66.52
4.00 4.09 4.08 4.08 3.51 3.58 3.70 3.69 3.80 3.79 3.84 3.69
1.03 0.59 0.60 0.59 0.59 0.56 0.55 0.56 0.60 0.60 0.59 0.59
28.32 28.67 28.68 28.68 29.25 29.21 29.10 29.11 28.94 28.94 29.03 29.17
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.02

Documents

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