Pds Limited (PDSL) · mywealthgrid

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About

Pds Limited is a textile trader in Consumer Discretionary with consolidated quarterly revenue around ₹3,400 Cr. The company operates through both a standalone trading unit (₹40–72 Cr quarterly revenue) and subsidiaries, with the large revenue gap suggesting material non-trading operations.

Face value: ₹2

Market cap

₹4,914 Cr

P/E

41.8×

P/B

2.8×

Dividend yield

0.9%

ROE

6.5%

ROCE

17.4%

Debt / equity

0.65

OPM

2.9%

EPS (TTM)

₹8.3

Book value

₹124.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Standalone textile trading shows structural losses, with negative OPM in 3 of 4 recent quarters (Mar −16.66%, Dec −3.2%, Sep −0.52%), indicating core business profitability challenges
Consolidated OPM of only 2.94% leaves minimal cushion against cost inflation or demand shocks inherent in textile trading
Consolidated net profit declined 60% over four quarters (₹72.1 Cr to ₹28.59 Cr) while revenue remained flat, signaling margin compression and operational deterioration
High valuation at PE 44.5 paired with very low ROE of 6.54% leaves no room for earnings disappointment

Generated analysis · source review pending

Growth drivers

Dividend capacity demonstrated by 4 recent payouts on ₹5,229.68 Cr market cap confirms cash generation, though verify whether payout policy constrains reinvestment
Standalone trading currently unprofitable but represents only ~1.5% of consolidated revenue; a turnaround would provide material margin accretion
Consolidated OPM stable at 2.79–3.47% despite standalone drag indicates core subsidiaries have underlying profitability
Textile sector input-cost recovery — verify whether raw-material pressure has peaked and demand-cycle recovery is plausible

Generated analysis · source review pending

1,137 historical price candles were omitted because the exchange source has not been verified.

₹347.6-0.4%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.2%
+Revenue CAGR of 16.1% over the last 5 years
+Dividend payout of 39.7% of profit
+High promoter holding of 61.4% with no pledge

Cons

−Low return on equity of 10.2% (3-yr avg)
−Thin operating margin of 2.9%

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 25
Growth: 49
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4,924	6,486	6,648	6,213	8,828	10,577	10,373	12,578	13,110
COGS	4,249	5,538	5,549	5,185	7,396	8,806	8,262	10,047	10,410
Gross profit	675	948	1,099	1,028	1,432	1,771	2,111	2,531	2,700
	638	826	920	802	1,110	1,312	1,719	2,075	2,317
	36	122	179	226	322	460	392	456	383
OPM %	0.7%	1.9%	2.7%	3.6%	3.7%	4.3%	3.8%	3.6%	2.9%
Depreciation	16	26	52	68	70	80	93	111	131
Interest	22	32	49	26	28	74	107	127	146
	24	16	13	37	86	52	41	50	100
Profit before tax	23	79	91	170	310	357	232	268	205
Tax	3	0	9	22	17	30	30	27	28
Tax %	14%	0.2%	10.5%	12.7%	5.6%	8.4%	12.8%	10.1%	13.6%
	20	79	81	148	293	327	203	241	178
PAT margin %	0.4%	1.2%	1.2%	2.4%	3.3%	3.1%	2%	1.9%	1.4%
EPS (₹)	-3	20.3	17.7	32.4	95.4	20.3	11	11.4	7.9
EPS adjusted (₹)	-0.6	4.1	3.5	6.5	19.1	20.3	11	11.1	7.9
	—	0%	0%	48.7%	25%	25.1%	43.3%	29.3%	41.7%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	26	26	26	26	26	26	26	26	28	28
Reserves	455	439	442	533	—	846	1,028	1,140	1,622	1,735
Minority interest	—	—	—	—	—	64	59	79	66	95
	461	552	700	747	—	623	601	943	1,111	1,141
	503	643	1,003	1,038	—	1,839	1,396	1,873	1,911	2,266
Total equity & liabilities	1,445	1,660	2,172	2,344	—	3,398	3,109	4,062	4,738	5,266
	87	131	256	383	314	418	459	479	672	829
CWIP	4	30	14	21	—	3	4	115	1	0
Investments	44	98	79	89	—	364	443	483	532	552
	1,310	1,400	1,821	1,851	—	2,612	2,203	2,986	3,533	3,884
Total assets	1,445	1,660	2,172	2,344	—	3,398	3,109	4,062	4,738	5,266

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Sourcing	12,398.79	140.63	3,956.38	3,075.12	881.26	15.96
Manufacturing	1,034.07	38.14

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	14.6%	16.5%	16.5%	16.2%	16.7%	20.4%	20.1%	20.6%
EBITDA margin %	1.9%	2.8%	3.7%	3.7%	4.3%	3.8%	3.6%	2.9%
EBIT margin %	1.5%	2%	2.6%	2.9%	3.6%	2.9%	2.8%	1.9%
PAT margin %	1.2%	1.2%	2.4%	3.3%	3.1%	2%	1.9%	1.4%
Working capital
Receivable days	58	46	—	59	34	59	54	46
Inventory days	9	12	—	15	11	15	18	20
Payable days	49	—	—	77	47	66	55	61
NWC days	18	—	—	-3	-2	7	17	4
Leverage
Current ratio	1.04	1.08	—	1.11	1.18	1.11	1.26	1.2
Debt to EBITDA	5.7	4.02	—	1.93	1.31	2.41	2.43	2.96
Debt to equity	1.5	1.34	—	0.71	0.57	0.81	0.67	0.65
Interest coverage	3.5	3.3	7.8	12.1	5.8	3.1	3.1	2.4
Asset turnover	2.99	2.84	—	2.6	3.4	2.55	2.65	2.49
Return ratios
Return on assets %	3.6%	3.5%	—	8.6%	10.5%	5%	5.1%	3.4%
Return on capital employed %	20.1%	26.4%	—	32.3%	38%	25.5%	23.7%	17.4%
Return on equity %	16.9%	14.5%	—	33.6%	31%	17.4%	14.6%	10.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66%	65.84%	65.81%	65.73%	61.69%	61.52%	61.42%	61.41%	61.41%	61.4%	61.37%	61.37%
	2.97%	3.41%	3.72%	3.69%	5.24%	5.15%	5%	4.43%	3.67%	3.23%	3.32%	3.78%
	0.66%	0.64%	0.85%	0.91%	5.29%	5.74%	5.74%	5.92%	5.66%	5.78%	5.77%	5.19%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.23%	29.99%	29.5%	29.49%	27.61%	27.43%	27.68%	28.08%	29.1%	29.44%	29.38%	29.5%
No. of shareholders	—	—	—	—	—	—	—	—	32,480	31,101	30,098	30,943

Promoter holding down 4.63 percentage points since Sep 2023.

2 deals · 2 Jan 2024 – 30 Jul 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Jul 2024	ICICI PRUDENTIAL MUTUAL FUND	Bulk	BSE	Buy	10,00,000	₹554.97	₹55.50 Cr
2 Jan 2024	MALABAR INDIA FUND LIMITED	Bulk	NSE	Buy	10,00,000	₹505.17	₹50.52 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Deepak Kumar SethNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Pallak SethExecutive Director
Mr. Ashish GuptaChief Financial Officer
Mr. Parth GandhiNon-Executive - Non Independent Director
Mr. Robert SinclairNon-Executive - Independent Director
Ms. Yael GairolaNon-Executive - Non Independent Director
Mr. Nishant ParikhNon-Executive - Independent Director
Mr. BG SrinivasNon-Executive - Independent Director
Ms. Sandra CamposNon-Executive - Independent Director
Mr. Sanjay JainChief Executive Officer
Mr. Abhishekh KanoiHead of Legal & Company Secretary & Compliance Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

2.99%

of the company's equity

All mutual funds

3.56%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 3 fund houses

		Shares
ELSS – Tax Saver Fund	ICICI Prudential Mutual Fund	28.31 L	104.23	0.73%	2.002%	+5,835
Small Cap Fund	Axis Mutual Fund	13.99 L	51.51	0.16%	0.99%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	159	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

37 announcementsExport CSV

28 Sept 2026, 10:56 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	14.6%	16.5%	16.5%	16.2%	16.7%	20.4%	20.1%	20.6%
EBITDA margin %	1.9%	2.8%	3.7%	3.7%	4.3%	3.8%	3.6%	2.9%
EBIT margin %	1.5%	2%	2.6%	2.9%	3.6%	2.9%	2.8%	1.9%
PAT margin %	1.2%	1.2%	2.4%	3.3%	3.1%	2%	1.9%	1.4%
Working capital
Receivable days	58	46	—	59	34	59	54	46
Inventory days	9	12	—	15	11	15	18	20
Payable days	49	—	—	77	47	66	55	61
NWC days	18	—	—	-3	-2	7	17	4
Leverage
Current ratio	1.04	1.08	—	1.11	1.18	1.11	1.26	1.2
Debt to EBITDA	5.7	4.02	—	1.93	1.31	2.41	2.43	2.96
Debt to equity	1.5	1.34	—	0.71	0.57	0.81	0.67	0.65
Interest coverage	3.5	3.3	7.8	12.1	5.8	3.1	3.1	2.4
Asset turnover	2.99	2.84	—	2.6	3.4	2.55	2.65	2.49
Return ratios
Return on assets %	3.6%	3.5%	—	8.6%	10.5%	5%	5.1%	3.4%
Return on capital employed %	20.1%	26.4%	—	32.3%	38%	25.5%	23.7%	17.4%
Return on equity %	16.9%	14.5%	—	33.6%	31%	17.4%	14.6%	10.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Pds LimitedPDSLPDSL	₹4,914 Cr	₹6,055 Cr	₹13,554 Cr	₹431 Cr	2.9%	₹118 Cr	1.4%	17.4%	6.5%	4
Bhilwara Technical Textiles LimitedBTTLBTTL	₹231 Cr	—	₹8 Cr	₹-1 Cr	-17.4%	₹8 Cr	89%	0.8%	4.3%	54
Spl Industries LimitedSPLILSPLIL	₹83 Cr	₹83 Cr	₹72 Cr	₹-7 Cr	-11.8%	₹8 Cr	10.2%	3.6%	3.3%	-11
Anand Rayons LtdARLARL	₹75 Cr	₹111 Cr	₹314 Cr	₹8 Cr	2.3%	₹5 Cr	1.7%	13.1%	8.1%	77
Vivaa Tradecom LtdVIVAAVIVAA	₹54 Cr	—	₹285 Cr	₹1 Cr	0.5%	₹1 Cr	0.2%	—	—	—
Heads Up Ventures LimitedHEADSUPHEADSUP	₹14 Cr	₹14 Cr	₹6 Cr	₹-4 Cr	-8.9%	₹-3 Cr	-0.2%	1.4%	-0.2%	28
Sanblue Corporation LtdSANBLUESANBLUE	₹14 Cr	₹14 Cr	₹2 Cr	₹-0 Cr	-9.4%	₹0 Cr	6%	0.4%	0.4%	-2
Globale Tessile LimitedGLOBALEGLOBALE	₹11 Cr	₹22 Cr	₹25 Cr	₹-1 Cr	-10.2%	₹-1 Cr	-9.7%	-7.9%	-14.6%	195
Nivaka Fashions LtdNIVAKANIVAKA	₹8 Cr	₹9 Cr	₹1 Cr	₹-0 Cr	—	₹-1 Cr	—	-59.1%	-74.6%	-114
Svarnim Trade Udyog LtdSNIMSNIM	₹3 Cr	₹3 Cr	₹0 Cr	₹-0 Cr	—	₹-0 Cr	—	-560%	—	—

Date	Category	Subject	Filing
28 Sept 2026, 10:56 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 4:01 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
22 Sept 2026, 2:23 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
21 Sept 2026, 6:47 pm	Company Update General	Announcement Under Reg 30 SEBI (LODR) Reg, 2015 - Disinvestment Update	PDF
3 Sept 2026, 11:08 pm	Company Update General	PDS Group Sustainability Report 2026 Titled - 'Responsible By Design'	PDF
3 Sept 2026, 9:00 pm	Company Update General	PDS Group Sustainability Report 2026 Titled - 'Responsible By Design'	PDF
26 Aug 2026, 1:58 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
20 Aug 2026, 9:46 pm	Company Update Diversification / Disinvestment	Announcement under Regulation 30 (LODR)-Diversification / Disinvestment	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	121	58	213	281	379	403	510	190	-37	781
	-46	-147	-195	-79	-83	-228	-164	-315	-258	-32
	-9	66	115	-128	-347	-21	-310	-38	403	-500
Net cash flow	66	-23	133	74	-50	154	36	-163	108	249
Free cash flow	—	—	75	230	354	365	478	27	-128	745
CFO / Operating profit %	—	154.2%	173.5%	151%	165%	124.8%	111%	48.4%	-8%	202.8%

Pds Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

10

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

0 · revenue

Pds Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Dividends10

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

0 · revenue

10

1

1