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PDS Limited
(PDSL)
PDS Limited (PDSL) vs. iShares MSCI India ETF (INDA)
PDS Limited Business Overview & Revenue Model
PDS Limited Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 129.56B | 125.78B | 103.73B | 105.77B | 88.28B | 62.13B |
| Gross Profit | 22.07B | 12.01B | 10.31B | 17.71B | 13.86B | 10.23B |
| EBITDA | 5.04B | 5.06B | 4.33B | 5.26B | 4.19B | 2.79B |
| Net Income | 1.50B | 1.57B | 1.44B | 2.65B | 2.48B | 843.17M |
Balance Sheet | ||||||
| Total Assets | 47.14B | 47.38B | 40.62B | 31.09B | 33.98B | 23.46B |
| Cash, Cash Equivalents and Short-Term Investments | 6.59B | 7.75B | 6.98B | 8.69B | 5.49B | 3.69B |
| Total Debt | 9.55B | 12.32B | 10.54B | 7.19B | 7.41B | 5.62B |
| Total Liabilities | -17.16B | 30.22B | 28.16B | 19.96B | 24.62B | 16.30B |
| Stockholders Equity | 17.16B | 16.50B | 11.66B | 10.54B | 8.72B | 6.47B |
Cash Flow | ||||||
| Free Cash Flow | -1.93B | -1.28B | 229.77M | 4.51B | 3.58B | 3.53B |
| Operating Cash Flow | -1.40B | -365.52M | 1.90B | 5.10B | 4.03B | 3.79B |
| Investing Cash Flow | -331.59M | -2.58B | -3.14B | -1.37B | -2.28B | -831.24M |
| Financing Cash Flow | 5.58B | 4.03B | -384.75M | -3.37B | -264.92M | -3.47B |
PDS Limited Technical Analysis
PDS Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹48.10B | 20.36 | ― | 2.79% | 4.74% | 176.63% | |
72 Outperform | ₹54.93B | 28.66 | ― | 0.97% | 8.06% | 24.52% | |
68 Neutral | ₹50.41B | 19.36 | ― | 0.06% | 5.56% | -22.59% | |
66 Neutral | ₹42.02B | 41.70 | ― | 0.91% | 11.49% | -32.79% | |
65 Neutral | ₹29.96B | 23.26 | ― | ― | 47.25% | 45.37% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
47 Neutral | ₹49.41B | 53.72 | ― | ― | 5.13% | 90.30% |
PDS Limited Corporate Events
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 entity, which had no turnover or net worth in the last financial year, ceased to be a subsidiary with effect from 11 February 2026, and the company stated that the move will not have a material impact on its consolidated financial position.
By winding up an inactive unit that contributed nothing to group revenue or net worth, PDS is tightening its legal and organizational footprint while remaining compliant with disclosure norms under Indian securities regulations. The rationalization underscores management’s focus on operational efficiency and corporate simplification, with minimal implications for investors or other stakeholders given the lack of active business in the Portuguese subsidiary.
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 consideration of USD 7,500. With this transaction, Jcraft becomes a step-down wholly owned subsidiary of PDS, a move the company says is aimed at simplifying its shareholding structure, consolidating ownership, and enabling more efficient decision-making and execution of turnaround initiatives at Jcraft, which currently operates with negative net worth and losses, potentially positioning PDS to more directly manage and restructure the underperforming unit within its global apparel trading portfolio.
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-party transaction, conducted for approximately ₹1.58 million, removes Mambo Leisure from PDS’s consolidated associate portfolio, though the unit contributed a negligible share to group turnover and net worth, underscoring that the move is more about strategic and economic optimisation than about balance-sheet impact for shareholders.
PDS Limited has strengthened its manufacturing leadership as part of a strategy to scale operations, deepen customer relationships and move up the fashion supply chain value curve. Following a multi-year turnaround in its manufacturing segment, which saw revenues rise from ₹285 crore and a PBT loss in FY21 to ₹788 crore of revenue and a positive PBT in FY25, the company plans to align customer engagement and operational best practices across its units in Bangladesh and India while maintaining them as independent profit centres. The appointment of Abhishek Nawani as CEO – Manufacturing, with responsibility for customer engagement, growth initiatives and the segment’s P&L, is intended to unify and better showcase PDS’s combined capabilities, drive cost efficiencies and synergies, and support sustainable, long-term growth and improved returns for stakeholders across its manufacturing operations.
PDS Limited has announced an upcoming investor meeting scheduled for December 19, 2025, to be held in-person. The company has assured that no unpublished price-sensitive information will be disclosed during these meetings, and discussions will rely on publicly available information. This meeting is part of the company’s efforts to maintain transparency and engage with its stakeholders effectively.
PDS Limited has announced that it will be conducting group meetings with investors on December 8, 2025. These meetings will be held in person and will focus on publicly available information, ensuring that no unpublished price-sensitive information is disclosed. The investor presentation is accessible on the company’s website, and the meeting schedule is subject to change based on the availability of the investors or the company.