PDS Limited (IN:PDSL)
:PDSL
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PDS Limited
(PDSL)
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Rating:56Neutral
Price Target:
₹304.00
▼(-20.64% Downside)
Action:Reiterated
Date:05/21/26
The score is primarily held back by weakening profitability and uneven cash-flow consistency despite strong revenue growth and manageable leverage. Technicals are neutral-to-mixed (minor short-term strength but weaker longer-term trend), and valuation is a meaningful headwind due to the high P/E with only a modest dividend yield.
Positive Factors
Revenue Growth Momentum
Sustained double-digit top-line growth across 2025–2026 (after a small 2024 dip) signals increasing client wins or wallet share. Durable revenue momentum improves scale, bargaining power with suppliers and provides capacity to invest in operations and process improvements over months.
Negative Factors
Margin Compression
Significant erosion of gross and net margins materially reduces operating leverage and the cushion against cost inflation or pricing pressures. Persistently low margins constrain reinvestment capacity and make earnings and cash flow more sensitive to small revenue or cost swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained double-digit top-line growth across 2025–2026 (after a small 2024 dip) signals increasing client wins or wallet share. Durable revenue momentum improves scale, bargaining power with suppliers and provides capacity to invest in operations and process improvements over months.
Read all positive factors
PDS Limited (PDSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹42.91B
Dividend Yield0.91%
Average Volume (3M)9.95K
Price to Earnings (P/E)40.5
Beta (1Y)1.18
Revenue Growth4.23%
EPS Growth-30.96%
CountryIN
Employees10,143
SectorServices
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)7.68
Shares Outstanding141,442,140
10 Day Avg. Volume12,288
30 Day Avg. Volume9,954
Financial Highlights & Ratios
PEG Ratio-1.07
Price to Book (P/B)2.09
Price to Sales (P/S)0.28
P/FCF Ratio6.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.2
Revenue Forecast (FY)₹140.28B
PDS Limited Business Overview & Revenue Model
Company Description
PDS Limited, together its subsidiaries, designs, develops, sources, manufactures, markets, and distributes various readymade garments and other consumer products worldwide. The company operates through three segments: Sourcing, Manufacturing, and ...
How the Company Makes Money
PDS Limited primarily makes money by acting as an integrated supply-chain and sourcing partner for fashion brands and retailers. Its key revenue stream is the sale of apparel and related products to customers where PDS manages the full process—fro...
PDS Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 130.69B | 131.10B | 125.78B | 103.73B | 105.77B | 88.28B |
| Gross Profit | 18.94B | 12.54B | 12.01B | 10.31B | 17.71B | 13.86B |
| EBITDA | 4.73B | 3.87B | 5.06B | 4.33B | 5.26B | 4.19B |
| Net Income | 1.08B | 1.12B | 1.57B | 1.44B | 2.65B | 2.48B |
Balance Sheet | ||||||
| Total Assets | 49.06B | 52.66B | 47.38B | 40.62B | 31.09B | 33.98B |
| Cash, Cash Equivalents and Short-Term Investments | 10.49B | 10.36B | 7.75B | 6.98B | 8.69B | 5.49B |
| Total Debt | 12.29B | 12.64B | 12.32B | 10.54B | 7.19B | 7.41B |
| Total Liabilities | 31.60B | 34.07B | 30.22B | 28.16B | 19.96B | 24.62B |
| Stockholders Equity | 16.99B | 17.64B | 16.50B | 11.66B | 10.54B | 8.72B |
Cash Flow | ||||||
| Free Cash Flow | 5.66B | 5.97B | -1.28B | 229.77M | 4.51B | 3.58B |
| Operating Cash Flow | 5.93B | 6.60B | -365.52M | 1.90B | 5.10B | 4.03B |
| Investing Cash Flow | -816.81M | -497.36M | -2.58B | -3.14B | -1.37B | -2.28B |
| Financing Cash Flow | -3.01B | -3.62B | 4.03B | -384.75M | -3.37B | -264.92M |
PDS Limited Technical Analysis
Positive
383.05
Price Trends
287.84
Positive
304.60
Positive
324.22
Negative
Market Momentum
5.62
Negative
67.60
Neutral
65.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PDSL, the sentiment is Positive. The current price of 383.05 is above the 20-day moving average (MA) of 295.85, above the 50-day MA of 287.84, and above the 200-day MA of 324.22, indicating a neutral trend. The MACD of 5.62 indicates Negative momentum. The RSI at 67.60 is Neutral, neither overbought nor oversold. The STOCH value of 65.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PDSL.
PDS Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹111.42B | 15.78 | ― | 0.31% | 36.70% | 35.14% | |
67 Neutral | ₹50.25B | 16.53 | ― | 2.71% | 2.58% | -18.98% | |
57 Neutral | ₹4.09B | 12.72 | ― | 4.81% | 0.55% | -30.67% | |
56 Neutral | ₹42.91B | 40.51 | ― | 0.91% | 4.23% | -30.96% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
43 Neutral | ₹5.15B | -23.98 | ― | ― | 1.60% | -39897.81% |
* Services Sector Average
IN:PDSL
PDS Limited
319.75
-98.72
-23.59%
IN:BLS
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263.40
-141.18
-34.90%
IN:CMSINFO
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305.10
-185.39
-37.80%
IN:RADIANTCMS
Radiant Cash Management Services Limited
38.06
-27.13
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IN:REPRO
Repro India Limited
345.95
-200.45
-36.69%
IN:SECURCRED
SecUR Credentials Ltd.
1.63
0.00
0.00%
PDS Limited Corporate Events
PDS Limited Moves to Shift Registered Office from Maharashtra to Haryana
Apr 22, 2026
PDS Limited has notified stock exchanges and its creditors that it is proceeding with the process to shift its registered office from the state of Maharashtra to the state of Haryana, following a special resolution approved by shareholders via pos...
PDS Limited Forms Wholly Owned Subsidiary to Expand Global Textile Sourcing
Mar 20, 2026
PDS Limited has incorporated a new wholly owned subsidiary, PDS Global Sourcing Limited, in India effective 20 March 2026, as part of its expansion in the textiles and apparels industry. The new entity is designed to build a comprehensive presence...
PDS Shareholders Clear Office Shift and Expansion of ESOP Framework
Mar 14, 2026
PDS Limited has secured shareholder approval via postal ballot and remote e-voting for a series of strategic resolutions, including shifting its registered office from Maharashtra to Haryana. The move may reflect an effort to optimize regulatory, ...
PDS Limited Takes Full Control of UAE Apparel Subsidiary to Streamline Structure
Mar 13, 2026
PDS Limited has moved to fully consolidate its UAE apparel trading operations by having its wholly owned step-down subsidiary, PDS Multinational FZCO, acquire the remaining 25% equity stake in PDS Radius Brands FZCO. Following this transaction, co...
PDS Limited Dissolves Inactive Portuguese Step-Down Subsidiary in Structural Cleanup
Feb 26, 2026
PDS Limited has dissolved Brand Collective BCPT, Unipessoal LDA, its step-down subsidiary in Portugal, as part of an ongoing effort to streamline the group’s corporate structure by eliminating non-operational and redundant entities. The enti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.