PDS Limited
NSE: PDSL · Trading - Textile Products · sector
₹327.00NSE close 2026-10-26
Key numbers
Market cap₹4,618 cr
Price₹327.00
52w high / low₹418 / ₹246
P/E39.3xSector median 10.0x
P/B2.6xSector median 1.2x
Book value₹124.9
Dividend yield2.01%Sector median 2.01%
ROE6.9%Sector median -4.7%
ROCE12.5%Sector median -2.2%
OPM3.2%Sector median -6.5%
Debt / equity0.65xSector median 0.26x
EV/EBITDA11.0xSector median 8.4x
Interest cover2.4x
Current ratio1.20x
Sales growth 3y+7.4%Sector median +8.1%
Profit growth 3y-25.0%Sector median -25.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Trading - Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,036 cr vs borrowings ₹1,141 cr (FY26): borrowings are higher by ₹105 cr.
- Borrowings rose in each of the last 3 years (₹601 cr → ₹1,141 cr).
- Operating profit covered interest 2.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 59% of net profit in the last 12 months.
- Debtor days went from 59 (FY24) to 46 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹327.00 on 2026-10-26: -21.9% from the 52-week high, +32.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹622.55 · low ₹253.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,306 | 3,125 | 3,526 | 2,999 | 3,419 | 3,172 | 3,519 | 3,444 |
| EBITDA | 149 | 96 | 139 | 51 | 103 | 109 | 122 | 96 |
| OPM % | 4.5% | 3.1% | 4.0% | 1.7% | 3.0% | 3.4% | 3.5% | 2.8% |
| Other income | 12 | 9 | 9 | 40 | 27 | 5 | 28 | 9 |
| Net profit | 72 | 42 | 40 | 13 | 30 | 20 | 49 | 19 |
| EPS (₹) | 5.32 | 1.77 | 2.86 | 0.92 | 2.13 | 1.39 | 3.47 | 1.33 |
| Revenue YoY | +3.4% | +1.5% | -0.2% | +14.8% | ||||
| Profit YoY | -58.2% | -53.8% | +21.7% | +45.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 8,828 | 10,577 | 10,373 | 12,578 | 13,110 | 13,554 |
| EBITDA | 323 | 459 | 398 | 457 | 385 | 431 |
| Net profit | 248 | 265 | 144 | 157 | 112 | 118 |
| EPS (₹) | 95.38 | 20.30 | 10.98 | 11.44 | 7.91 | 8.32 |
| Revenue growth | +19.8% | -1.9% | +21.3% | +4.2% | +4.6% | |
| Profit growth | +6.7% | -45.6% | +8.8% | -28.8% | -29.9% | |
| Dividend / share (₹) | 15.75 | 26.35 | 4.20 | 4.80 | 3.35 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.4% | +16.1% | +4.6% |
| Net profit | -25.0% | +5.8% | -29.9% |
| EPS | -27.0% | -24.6% | – |
| Share price | – | -18.8% (2y) | -0.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,054 | 1,166 | 1,650 | 1,764 |
| Borrowings | – | 601 | 943 | 1,111 | 1,141 |
| Cash & equivalents | – | 782 | 698 | 775 | 1,036 |
| Total assets | – | 3,109 | 4,062 | 4,738 | 5,266 |
| Fixed assets | – | 350 | 344 | 496 | 559 |
| Capital work in progress | – | 4 | 115 | 1 | 0 |
| Investments | – | 268 | 333 | 352 | 402 |
| Receivables | – | 978 | 1,677 | 1,860 | 1,647 |
| Inventory | – | 256 | 329 | 483 | 557 |
| Payables | – | 1,125 | 1,504 | 1,507 | 1,740 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 403 | 510 | 190 | -37 | 781 |
| Cash from investing | -228 | -164 | -314 | -258 | -32 |
| Cash from financing | -21 | -310 | -38 | 403 | -500 |
| Capex | 44 | 59 | 167 | 144 | 36 |
| Free cash flow | 358 | 451 | 23 | -180 | 745 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.1% | 12.4% | 9.5% | 6.3% |
| ROCE % | – | 26.0% | 16.1% | 14.3% | 12.2% |
| Debtor days | – | 34 | 59 | 54 | 46 |
| Inventory days | – | 11 | 15 | 18 | 20 |
| Payable days | – | 47 | 66 | 55 | 61 |
| Cash conversion cycle (days) | – | -2 | 8 | 17 | 5 |
| Working capital days | – | 11 | 10 | 21 | 17 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.36% |
| FIIs | 4.13% |
| DIIs | 4.78% |
| of which Mutual funds | 3.77% |
| Public (non-institutions) | 29.55% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.52% | 61.42% | 61.41% | 61.41% | 61.40% | 61.37% | 61.37% | 61.36% |
| Promoter group | % |
|---|---|
| Payel Seth | 49.22% |
| Deepak Kumar Seth | 11.15% |
| Pallak Seth | 0.99% |
| Pearl Global Industries Limited | 0.00% |
| NIM International Commerce LLP | 0.00% |
| Pulkit Seth | 0.00% |
| Shefali Seth | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sanjiv Dhireshbhai Shah | 5.37% |
| ICICI Prudential Aggressive Hybrid Fund | 2.68% |
| Mukul Mahavir Agrawal | 2.38% |
| Enam Investments Private Limited | 1.48% |
| Vishal Rameshbhai Patel | 1.23% |
| Unico Global Opportunities Fund Limited | 1.20% |
32,449 shareholders. Pledged: 0.00% of promoter shares.
Peers in Trading - Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PDSL | ₹4,618 cr | 39.3x | 2.6x | 6.9% | 12.5% | 3.2% | +7.4% | 2.01% |
| BTTL | ₹213 cr | 10.0x | 1.3x | -4.7% | -4.4% | -34.7% | +29.0% | – |
| ARL | ₹63 cr | 5.8x | 0.6x | 12.1% | 9.8% | 2.5% | +8.8% | – |
| SANBLUE | ₹22 cr | 47.8x | 0.6x | 0.5% | 0.6% | -6.5% | -5.5% | – |
| HEADSUP | ₹13 cr | – | 0.9x | -19.3% | -17.6% | -64.5% | +186.8% | – |
| GLOBALE | ₹12 cr | – | 1.2x | -10.6% | -2.2% | -4.9% | – | – |
| NIVAKA | ₹7 cr | 1.4x | 1.6x | -69.9% | -86.6% | -73,567.2% | -84.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Sourcing | ₹12,399 cr | 92.3% | ₹141 cr | 1.1% |
| Manufacturing | ₹1,034 cr | 7.7% | ₹38 cr | 3.7% |
| Others | ₹1 cr | 0.0% | ₹20 cr | 1,669.1% |
| Less: Inter segment Loss | ₹0 cr | – | ₹9 cr | – |
| Share of profit/ (loss) of associates and joint ventures | ₹0 cr | – | ₹-2 cr | – |
| Less: Tax expenses (including deferred tax) | ₹0 cr | – | ₹-28 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-24 | Dividend | Dividend - Rs 1.65 Per Share |
| 2025-10-31 | Dividend | Interim Dividend - Rs 1.65 Per Share |
| 2025-07-17 | Dividend | Dividend - Rs 1.70 Per Share |
| 2024-11-12 | Dividend | Interim Dividend - Rs 1.65 Per Share |
| 2024-07-19 | Dividend | Annual General Meeting/Dividend - Rs 3.15 Per Share |
| 2023-11-15 | Dividend | Interim Dividend - Rs 1.60 Per Share |
| 2023-07-24 | Dividend | Annual General Meeting/Dividend - Rs 2.60 Per Share |
| 2022-11-17 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2022-08-26 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2022-07-21 | Dividend | Annual General Meeting/Dividend - Rs 23.85 Per Share |
| 2021-07-22 | Dividend | Annual General Meeting/Dividend - Rs 15.75 Per Share |
| 2021-02-17 | Other | Extra Ordinary General Meeting |
| 2020-10-15 | Other | Annual General Meeting |
| 2019-10-31 | Other | Annual General Meeting |
| 2018-09-12 | Other | Annual General Meeting |
| 2017-09-19 | Other | Annual General Meeting |
| 2016-09-20 | Other | Annual General Meeting |
| 2015-09-14 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Sourcing: PDS is a global fashion supply chain solutions platform offering solutions such as design led sourcing, sourcing-as-a-service, manufacturing & brand management.PDS operates through a network of entrepreneur led business verticals and manufacturing partners including own manufacturing facilities, across key sourcing markets, delivering agile, scalable and customer-centric solutions.
| Sector | Consumer Discretionary |
| Industry | Trading - Textile Products |
| Sub-industry | Trading - Textile Products |
| Symbol | PDSL |
| BSE code | 538730 |
| ISIN | INE111Q01021 |
| Face value | ₹2.0 |
| Incorporated | 2011-04-06 |
| Website | www.pdsltd.com |
| Plants (India / abroad) | 14 / 3 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.