PDS Limited

PDS Limited

PDSL.BO
PDS LimitedIN flagBombay Stock Exchange
364.60
INR
-3.40
- -
51.30BMarket Cap
PDS Limited
PDSL.BO
(Bombay Stock Exchange)

Recent

price

364.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
283.11
362.82
324.57
349.92
373.68
490.29
500.41
464.75
666.56
792.57
759.7
917.14
- -
928.76
Revenue per Share
1.41
2.04
2.14
1.1
-0.6
3.37
3.53
6.47
19.08
20.3
10.98
11.44
- -
11.02
Basic EPS, GAAP
-14.47
-2.68
7.51
6.22
-2.24
5.79
17.28
27.09
27.87
34.52
1.75
-13.16
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1.36
3.6
3.15
7.27
4.11
4.71
- -
- -
Dividend per Share
3.38
10.16
10.6
11.58
10.86
11.36
14.89
21.37
37.29
50.25
56.75
61.18
- -
- -
Book Value per Share
30.53
42.54
38.28
37.81
38.11
33.96
42.52
50.74
67.33
76.63
84.63
112.3
- -
- -
Tangible Book Value per Share
130
107
130
130
130
130
130
130
130
131
131
137
- -
140
Basic Weighted Avg Shares
36,871
38,723
42,270
45,571
48,665
63,853
65,170
60,526
86,803
103,455
99,750
125,780
131,101
129,564
Sales/Revenue/Turnover
0.19
1.14
0.64
0.93
0.44
1.72
2.52
3.29
3.06
3.95
3.3
2.75
1.94
2.48
Operating Margin (%)
155
146
146
129
164
263
522
677
699
802
934
1,107
1,309
1,174
Depreciation Expense
184
218
279
143
-78
438
460
843
2,484
2,650
1,442
1,569
1,117
1,537
Net Income, GAAP
10.59
15.93
1.51
11.19
13.24
0.18
10.45
12.66
5.57
8.41
12.79
10.1
13.55
11.41
Effective Tax Rate (%)
0.5
0.56
0.66
0.31
-0.16
0.69
0.71
1.39
2.86
2.56
1.45
1.25
0.85
1.19
Profit Margin (%)
2,700
3,247
2,934
2,831
2,224
740
1,239
1,875
2,616
3,314
2,863
7,178
6,250
- -
Working Capital
492
546
133
381
605
96
687
492
916
812
1,219
1,920
2,202
- -
LT Debt
4,402
4,980
5,450
5,399
5,438
4,991
6,111
7,155
9,360
11,126
12,457
17,163
18,590
- -
Total Equity
- -
3.94
2.64
3.63
1.71
9.35
11.1
12.59
16.5
20.65
13.4
11.53
7.06
- -
Return on Invested Capital (%)
- -
5.21
4.12
0.27
-2.23
6.18
5.64
4.3
21.37
19.91
10.81
9.27
9.78
21.75
Return on Capital (%)
- -
28.59
22.64
9.92
-5.37
30.3
26.92
35.71
65.03
46.42
20.59
19.81
25.75
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
10,401
- -
LT Borrowings
- -
1,186
- -
LT Finance Leases
- -
734
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
141
- -
Market Capitalization
78,771
59,557
56,875

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
35,120
- -
Cash, Cash Equivalents & STI
- -
6,419
- -
Accounts Receivable, Net
- -
18,599
- -
Inventories
- -
4,834
- -
Total Current Liabilities
- -
27,941
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
10,401
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.88%
21.55%
8.32%
Free Cash Flow
-170.78%
-290.23%
-497.85%
Net Income, GAAP
-63.84%
27.14%
-28.81%
Sales/Revenue/Turnover
13.01%
17.87%
4.23%
Total Cash Common Dividend
- -
13.62%
-27.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21,149
24,628
25,798
28,175
99,750
2025
26,211
33,063
31,249
35,258
125,780
2026
29,994
31,725
35,190
- -
131,101

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.44
4.96
1.11
- -
10.98
2025
1.51
4.99
1.97
3.23
11.44
2026
0.92
1.39
3.47
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.11
2025
- -
- -
- -
- -
4.71
2026
- -
- -
- -
- -
- -
Business
PDS Limited (PDSL.BO) is a global supply chain management company specializing in the design, development, sourcing, manufacturing, marketing, and distribution of apparel and consumer products for leading international brands and retailers. Founded in 2011 and headquartered in Bengaluru, India, with key operational hubs in Mumbai, Hong Kong, and London, the company operates across North America, Europe, Asia, and other regions through over 50 business verticals and partnerships with more than 600 factories worldwide. It serves major clients including Primark, Tesco, Walmart, Kohl's, Matalan, Sainsbury's, Ted Baker, and Forever 21 across diverse segments such as women's, men's, children's, and baby apparel; footwear; accessories like bags, belts, hats, scarves, and winter warmers; and home products. The company delivers end-to-end solutions via distinct business segments: design-led sourcing to broaden portfolios with new trends and fast fashion concepts; sourcing as a service acting as an exclusive arm for retailers in specific territories; in-house manufacturing through specialty facilities in Bangladesh, Sri Lanka, and India featuring around 130 production lines; brand management for licensed brands via wholesale distribution and revitalization; and PDS Ventures investing in innovative apparel technologies, sustainability, and circularity solutions such as Style Theory, Kavida, and Smartex. PDS Limited maintains direct control over quality, compliance, and sustainability standards while providing financial intermediation to support supply chain cash flows. Recent strategic developments include the January 2025 announcement to acquire a 55% stake in Knit Gallery India Pvt Ltd for approximately ₹41 crore in equity plus ₹34 crore business transfer consideration payable over three years, enhancing garment manufacturing capabilities in India and supporting the Make in India initiative; the October 2025 incorporation of a new wholly owned UK subsidiary, Simple Approach-UK Limited, with an initial investment of GBP 1 to bolster marketing, design, trading, and sourcing in Europe; a September 2024 investment of ₹84 crore in its Mauritius-based subsidiary MTGL; and earlier expansions such as the acquisition of Ted Baker's design and wholesale business along with Asda's Turkey sourcing operations. These moves, complemented by collaborations like those with BCG on cost optimization and Fashion For Good on sustainability initiatives such as the 2025 Trailblazer award to startup Refiberd, underscore PDS Limited's focus on vertical integration, geographic diversification, and sustainable growth amid global supply chain volatility. The company, formerly PDS Multinational Fashions Limited until its January 2022 name change, also engages in real estate leasing and treasury investments representing portions of its portfolio.