PDS Multinational Fashions Ltd

About [ edit ]

PDS Multinational is one of the largest consumer goods design, product development, sourcing, virtual manufacturing and distribution businesses. It works with leading global retailers and brands and specialize in delivering world class products at competitive prices.

  • Market Cap 1,797 Cr.
  • Current Price 690
  • High / Low 774 / 240
  • Stock P/E 38.8
  • Book Value 210
  • Dividend Yield 0.00 %
  • ROCE 14.4 %
  • ROE 10.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 19.01% CAGR over last 5 years

Cons

  • Stock is trading at 3.28 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 11.42% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.16% for last 3 years.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,505 1,315 1,596 1,491 2,083 1,535 1,673 1,437 2,004 967 1,856 1,626
1,473 1,315 1,581 1,469 2,002 1,511 1,647 1,414 1,897 953 1,821 1,550
Operating Profit 32 1 15 22 81 24 26 22 107 13 35 76
OPM % 2% 0% 1% 1% 4% 2% 2% 2% 5% 1% 2% 5%
Other Income 3 6 13 3 -6 10 8 16 -21 17 10 7
Interest 8 9 9 9 7 11 4 8 26 10 5 5
Depreciation 5 4 5 5 8 9 9 17 17 16 16 16
Profit before tax 21 -6 14 11 60 13 21 13 43 4 23 62
Tax % 12% 250% 6% -3% 25% 3% 0% 14% 17% 47% 22% 5%
Net Profit 4 3 2 13 34 11 8 10 17 -5 -4 33
EPS in Rs 1.39 1.22 0.88 5.01 13.17 4.28 2.88 4.01 6.49 -1.93 -1.56 12.70

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,687 3,872 4,277 4,616 4,924 6,486 6,648 6,452
3,686 3,818 4,235 4,559 4,886 6,350 6,444 6,221
Operating Profit 1 54 42 57 38 136 204 231
OPM % 0% 1% 1% 1% 1% 2% 3% 4%
Other Income 58 13 31 14 24 16 13 12
Interest 17 19 14 13 22 56 74 47
Depreciation 16 15 15 13 16 26 52 64
Profit before tax 27 34 44 45 24 69 91 132
Tax % 11% 16% 2% 11% 13% 0% 10%
Net Profit 18 22 28 14 -8 44 46 41
EPS in Rs 1,837.00 8.37 10.72 5.50 -3.01 16.83 17.67 15.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:13%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:55%
TTM:-27%
Stock Price CAGR
10 Years:%
5 Years:32%
3 Years:31%
1 Year:174%
Return on Equity
10 Years:%
5 Years:6%
3 Years:6%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 26 26 26 26 26 26 26
Reserves 373 421 455 437 439 442 533 522
Borrowings 466 475 485 465 552 700 747 545
435 469 478 509 643 1,003 1,074 1,253
Total Liabilities 1,274 1,391 1,445 1,437 1,660 2,172 2,380 2,345
183 192 195 210 273 354 479 473
CWIP 2 11 23 20 30 15 21 14
Investments 23 20 44 68 98 79 89 120
1,066 1,168 1,183 1,140 1,258 1,723 1,791 1,738
Total Assets 1,274 1,391 1,445 1,437 1,660 2,172 2,380 2,345

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 6% 6% 6% 5% 11% 14%
Debtor Days 58 67 66 58 58 58 46
Inventory Turnover 31.90 53.30 94.34 85.55 55.21 34.82

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65 66.65
3.92 3.92 3.88 3.86 3.80 3.92 4.00 4.09 4.08 4.08 3.51 3.58
1.47 1.45 1.43 1.44 1.42 1.39 1.03 0.59 0.60 0.59 0.59 0.56
27.96 27.99 28.04 28.05 28.13 28.04 28.32 28.67 28.68 28.68 29.25 29.21

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