PDS Limited (IN:PDSL)
:PDSL
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PDS Limited
(PDSL)
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Rating:59Neutral
Price Target:
₹284.00
▼(-25.86% Downside)
Action:ReiteratedDate:03/25/26
The score is anchored by solid financial performance driven by strong growth and improving gross profitability, but it is meaningfully reduced by negative 2025 operating/free cash flow. Bearish technical trends and a high P/E with only modest dividend yield further weigh on the overall rating.
Positive Factors
Strong revenue growth and gross margin expansion
Sustained double-digit top-line growth with a sharp gross margin recovery implies improving pricing, sourcing or scale advantages. Over the medium term this supports reinvestment in capabilities, absorbs SG&A, and creates scope to convert higher revenues into durable operating leverage if cash generation stabilizes.
Negative Factors
Negative operating and free cash flow in 2025
Negative OCF and FCF are a durable concern: they constrain internal funding for growth, raise reliance on external financing, and limit the firm's ability to self‑fund inventory and working capital in a seasonal, order‑driven business. Persistent weakness could force cost cuts or higher leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and gross margin expansion
Sustained double-digit top-line growth with a sharp gross margin recovery implies improving pricing, sourcing or scale advantages. Over the medium term this supports reinvestment in capabilities, absorbs SG&A, and creates scope to convert higher revenues into durable operating leverage if cash generation stabilizes.
Read all positive factors
PDS Limited (PDSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.86B
Dividend Yield0.91%
Average Volume (3M)9.95K
Price to Earnings (P/E)67.2
Beta (1Y)1.18
Revenue Growth11.49%
EPS Growth-32.79%
CountryIN
Employees10,143
SectorServices
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)1.40
Shares Outstanding141,442,140
10 Day Avg. Volume12,288
30 Day Avg. Volume9,954
Financial Highlights & Ratios
PEG Ratio9.08
Price to Book (P/B)3.61
Price to Sales (P/S)0.47
P/FCF Ratio-46.75
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)N/A
Revenue Forecast (FY)N/A
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 makes money primarily by providing end-to-end sourcing and supply-chain solutions to fashion brands and retailers. Its core revenue stream is generated from fulfilling customer orders for apparel and related lifestyle products, where P...
PDS Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 130.69B | 125.78B | 103.73B | 105.77B | 88.28B | 62.13B |
| Gross Profit | 18.94B | 12.01B | 10.31B | 17.71B | 13.86B | 10.23B |
| EBITDA | 4.73B | 5.06B | 4.33B | 5.26B | 4.19B | 2.79B |
| Net Income | 1.08B | 1.57B | 1.44B | 2.65B | 2.48B | 843.17M |
Balance Sheet | ||||||
| Total Assets | 49.06B | 47.38B | 40.62B | 31.09B | 33.98B | 23.46B |
| Cash, Cash Equivalents and Short-Term Investments | 10.49B | 7.75B | 6.98B | 8.69B | 5.49B | 3.69B |
| Total Debt | 12.29B | 12.32B | 10.54B | 7.19B | 7.41B | 5.62B |
| Total Liabilities | 31.60B | 30.22B | 28.16B | 19.96B | 24.62B | 16.30B |
| Stockholders Equity | 16.99B | 16.50B | 11.66B | 10.54B | 8.72B | 6.47B |
Cash Flow | ||||||
| Free Cash Flow | 5.66B | -1.28B | 229.77M | 4.51B | 3.58B | 3.53B |
| Operating Cash Flow | 5.93B | -365.52M | 1.90B | 5.10B | 4.03B | 3.79B |
| Investing Cash Flow | -816.81M | -2.58B | -3.14B | -1.37B | -2.28B | -831.24M |
| Financing Cash Flow | -3.01B | 4.03B | -384.75M | -3.37B | -264.92M | -3.47B |
PDS Limited Technical Analysis
Negative
383.05
Price Trends
311.92
Negative
340.09
Negative
345.71
Negative
Market Momentum
-13.69
Negative
45.14
Neutral
51.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PDSL, the sentiment is Negative. The current price of 383.05 is above the 20-day moving average (MA) of 284.37, above the 50-day MA of 311.92, and above the 200-day MA of 345.71, indicating a bearish trend. The MACD of -13.69 indicates Negative momentum. The RSI at 45.14 is Neutral, neither overbought nor oversold. The STOCH value of 51.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹43.52B | 18.11 | ― | 2.79% | 4.74% | 176.63% | |
72 Outperform | ₹51.40B | 37.64 | ― | 0.97% | 8.06% | 24.52% | |
65 Neutral | ₹28.20B | 32.13 | ― | ― | 47.25% | 45.37% | |
62 Neutral | ₹46.18B | 30.38 | ― | 0.06% | 5.56% | -22.59% | |
59 Neutral | ₹39.86B | 67.17 | ― | 0.91% | 11.49% | -32.79% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
47 Neutral | ₹43.48B | 116.38 | ― | ― | 5.13% | 90.30% |
* Services Sector Average
IN:PDSL
PDS Limited
281.80
-155.40
-35.54%
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PDS Limited Corporate Events
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...
PDS Limited Takes Full Control of Hong Kong Apparel Subsidiary Jcraft Array
Jan 15, 2026
PDS Limited has announced that its wholly owned Hong Kong subsidiary, Norwest Industries Limited, has acquired the remaining 15% equity stake in Hong Kong-based apparel trading firm Jcraft Array Limited, effective January 1, 2026, for a cash consi...
PDS Limited Sheds UK Step-Down Associate in Corporate Restructuring Move
Jan 6, 2026
PDS Limited has rationalised its corporate structure by having its UK subsidiary, Poetic Brands Limited, divest its entire 20% equity stake in Mambo Leisure Masters Limited, a UK-based step-down associate, effective 6 January 2026. The non-related...
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.