PDS Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Sourcing: 92.3% • Manufacturing: 7.7% • Other segments: 0.0%
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 42.7% YoY, showing strong momentum
- Company has delivered good sales growth of 16.1% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.50x)
- Company has been maintaining a healthy dividend payout of 41.7%
CONS
- A large part of profit comes from other income (48.5% of PBT)
- Promoter holding has decreased over last 2 years: -4.4pp
- Company has delivered a poor profit growth of 3.1% over past five years
- Effective tax rate is unusually low at 13.5% - earnings may be flattered
- Growth is decelerating - 3Y profit CAGR (-18.4%) trails the 5Y trend (3.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 2936.00 | 53.39 | 397452.96 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| PREMIERENE | 998.00 | 27.21 | 45304.36 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| AEGISLOG | 1270.55 | 35.64 | 44596.31 | 0.68 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3705.90 | 91.86 | 43840.96 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| REDINGTON | 371.40 | 17.07 | 29035.10 | 1.62 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 470.75 | 61.67 | 15347.59 | 0.64 | 90.45 | 118.87 | 755.95 | 27.00 | 8.99 | 14.58 |
| LLOYDSENT | 74.20 | 100.87 | 11327.02 | 0.20 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 826.10 | 83.74 | 10411.77 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 64.18 | 21.52 | 9627.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1827.20 | 63.41 | 7952.54 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| CELLO | 342.50 | 24.69 | 7724.69 | 0.44 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
| PDSL | 360.10 | 43.34 | 5093.99 | 0.92 | 28.59 | 42.70 | 3443.72 | 14.81 | 13.49 | 2.85 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,115 | 2,463 | 2,580 | 3,215 | 2,621 | 3,306 | 3,125 | 3,526 | 2,999 | 3,419 | 3,172 | 3,519 | 3,444 | |
| 2,048 | 2,326 | 2,505 | 3,102 | 2,548 | 3,163 | 3,026 | 3,380 | 2,949 | 3,316 | 3,063 | 3,397 | 3,421 | |
| Operating Profit | 67 | 136 | 75 | 114 | 73 | 144 | 99 | 146 | 51 | 103 | 109 | 122 | 23 |
| OPM % | 3.18% | 5.54% | 2.89% | 3.53% | 2.80% | 4.35% | 3.17% | 4.13% | 1.69% | 3.01% | 3.45% | 3.47% | 0.67% |
| 5 | 8 | 16 | 6 | 20 | 12 | 9 | 9 | 40 | 27 | 5 | 28 | 9 | |
| Interest | 23 | 24 | 31 | 28 | 33 | 34 | 30 | 29 | 34 | 43 | 36 | 34 | 37 |
| Depreciation | 22 | 23 | 23 | 26 | 23 | 25 | 27 | 36 | 30 | 33 | 32 | 36 | 36 |
| Profit before Tax | 27 | 98 | 36 | 65 | 37 | 96 | 51 | 90 | 27 | 55 | 46 | 80 | 34 |
| Tax % | 18.39% | 9.99% | 29.38% | 6.68% | 12.47% | 7.79% | 10.22% | 11.71% | 25.62% | 13.69% | 15.94% | 7.74% | 16.62% |
| Net Profit | 0 | 0 | 0 | 0 | 31 | 93 | 42 | 75 | 20 | 48 | 37 | 72 | 29 |
| 1.44 | 4.96 | 1.11 | 3.48 | 1.51 | 4.99 | 1.97 | 3.23 | 0.92 | 2.13 | 1.39 | 3.47 | 1.33 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,616 | 4,924 | 6,486 | 6,648 | 6,213 | 8,828 | 10,577 | 10,373 | 12,578 | 13,110 | 13,554 | |
| 4,561 | 4,886 | 6,350 | 6,437 | 5,968 | 8,494 | 10,103 | 9,960 | 12,096 | 12,697 | 13,197 | |
| Operating Profit | 55 | 38 | 136 | 211 | 245 | 334 | 474 | 413 | 482 | 413 | 357 |
| OPM % | 1.19% | 0.77% | 2.09% | 3.17% | 3.94% | 3.78% | 4.48% | 3.98% | 3.83% | 3.15% | 2.64% |
| 16 | 24 | 16 | 13 | 37 | 86 | 52 | 35 | 50 | 100 | 69 | |
| Interest | 13 | 22 | 56 | 74 | 41 | 39 | 89 | 128 | 151 | 174 | 150 |
| Depreciation | 13 | 16 | 26 | 52 | 68 | 70 | 80 | 93 | 111 | 131 | 137 |
| Profit before Tax | 45 | 24 | 69 | 97 | 174 | 310 | 357 | 232 | 268 | 205 | 215 |
| Tax % | 11.19% | 13.24% | 0.18% | 9.71% | 12.38% | 5.57% | 8.41% | 12.79% | 10.10% | 13.55% | 12.42% |
| Net Profit | 40 | 21 | 69 | 88 | 152 | 293 | 327 | 203 | 241 | 178 | 188 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 32.37 | 18.86 | 19.93 | 10.95 | 11.12 | 7.91 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 48.65% | 25.00% | 25.17% | 43.39% | 30.13% | 41.72% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 16%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 15%
- 5 Years:
- 6%
- 3 Years:
- -25%
STOCK PRICE CAGR
- 10 Years:
- 27%
- 5 Years:
- 8%
- 3 Years:
- -1%
- 1 Year:
- 11%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 24%
- 3 Years:
- 16%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| Minority Interest | 77 | 79 | 31 | 52 | 69 | 64 | 59 | 79 | 63 | 95 |
| 437 | 439 | 442 | 533 | 621 | 826 | 992 | 1,100 | 1,554 | 1,704 | |
| 465 | 552 | 706 | 817 | 539 | 715 | 681 | 1,017 | 1,176 | 1,194 | |
| Trade Payables | 376 | 480 | 748 | 729 | 892 | 1,566 | 1,125 | 1,504 | 1,507 | 1,740 |
| 56 | 84 | 218 | 187 | 190 | 190 | 218 | 324 | 395 | 448 | |
| Total Liabilities | 1,437 | 1,660 | 2,170 | 2,344 | 2,337 | 3,387 | 3,101 | 4,051 | 4,722 | 5,210 |
| 72 | 273 | 354 | 479 | 464 | 418 | 459 | 479 | 672 | 829 | |
| Capital Work in Progress | 20 | 30 | 14 | 21 | 5 | 3 | 4 | 115 | 1 | 0 |
| 206 | 98 | 79 | 89 | 154 | 319 | 418 | 457 | 503 | 524 | |
| 35 | 65 | 136 | 183 | 197 | 305 | 256 | 329 | 483 | 557 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,677 | 1,860 | 1,647 | |
| Cash & Bank | 248 | 225 | 370 | 502 | 431 | 665 | 729 | 684 | 737 | 1,036 |
| 857 | 968 | 1,216 | 1,070 | 1,087 | 1,676 | 1,234 | 311 | 466 | 617 | |
| Total Assets | 1,437 | 1,660 | 2,170 | 2,344 | 2,337 | 3,387 | 3,101 | 4,051 | 4,722 | 5,210 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 122 | 59 | 228 | 290 | 392 | 431 | 536 | 190 | -37 | 781 | |
| Cash from Investing | -46 | -147 | -195 | -79 | -83 | -228 | -137 | -314 | -258 | -32 |
| Cash from Financing | -9 | 66 | 115 | -128 | -347 | -26 | -337 | -38 | 403 | -500 |
| 66 | -23 | 133 | 74 | -50 | 153 | 36 | -163 | 108 | 249 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 5.50 | -3.01 | 16.83 | 17.67 | 32.37 | 95.39 | 20.26 | 10.95 | 11.12 | 7.91 |
| Book Value (₹) | 177.76 | 178.38 | 179.75 | 214.49 | 248.36 | 327.07 | 77.83 | 85.49 | 112.12 | 122.68 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 15.75 | 23.85 | 5.10 | 4.75 | 3.35 | 3.30 |
| Cash EPS (₹) | 4.09 | 2.86 | 7.32 | 10.76 | 16.90 | 27.86 | 31.11 | 22.48 | 24.96 | 21.85 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 1.55% | 1.26% | 2.34% | 3.57% | 4.54% | 4.76% | 4.97% | 3.98% | 3.83% | 3.15% |
| Net Margin % | 0.87% | 0.42% | 1.06% | 1.32% | 2.45% | 3.32% | 3.09% | 1.95% | 1.92% | 1.35% |
| ROE % | 8.54% | 4.49% | 14.78% | 17.13% | 25.27% | 39.08% | 34.95% | 18.90% | 17.83% | 10.72% |
| ROCE % | 6.18% | 4.70% | 11.48% | 13.89% | 17.55% | 26.55% | 28.31% | 19.16% | 17.35% | 13.49% |
| 2.80% | 1.35% | 3.60% | 3.90% | 6.51% | 10.23% | 10.07% | 5.67% | 5.50% | 3.58% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 59 | 56 | 51 | 51 | 51 | 48 | 41 | 47 | 51 | 49 |
| Inventory Days | 3 | 4 | 6 | 9 | 11 | 10 | 10 | 10 | 12 | 14 |
| Payable Days | 34 | 37 | 40 | 49 | 57 | 61 | 56 | 58 | 55 | 57 |
| 29 | 23 | 16 | 11 | 5 | -2 | -5 | -1 | 8 | 6 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.00x | 1.19x | 1.50x | 1.34x | 0.76x | 0.73x | 0.59x | 0.84x | 0.70x | 0.66x |
| Interest Coverage (x) | 4.47x | 2.11x | 2.23x | 2.31x | 5.29x | 8.87x | 5.00x | 2.81x | 2.78x | 2.18x |
| 1.32x | 1.21x | 1.04x | 1.08x | 1.12x | 1.11x | 1.18x | 1.11x | 1.24x | 1.20x | |
| GROWTH | ||||||||||
| Revenue Growth % | 7.93% | 6.67% | 31.72% | 2.50% | -6.55% | 42.10% | 19.81% | -1.93% | 21.26% | 4.23% |
| Operating Profit Growth % | -1.97% | -12.93% | 144.14% | 56.59% | 18.72% | 48.89% | 25.17% | -14.82% | 18.60% | -3.53% |
| Net Profit Growth % | -6.35% | -48.34% | 230.87% | 27.61% | 73.16% | 92.21% | 11.59% | -37.97% | 19.09% | -26.41% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -45.96% | 1.56% | -28.87% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 43.10x | 39.05x | 32.97x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.52x | 3.87x | 2.13x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.01% | 0.77% | 1.27% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.46x | 12.24x | 7.39x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - PDS Limited has informed the Exchange regarding 'PDS Group Sustainability Report 2026 titled - Responsible by Design '.
2026-08-26 - PDS Limited has informed the Exchange about Schedule of meet
2026-08-20 - PDS Limited has informed the Exchange about Diversification/Disinvestment
2026-08-14 - PDS Limited has informed the Exchange about Transcript
2026-08-12 - PDS Limited has informed the Exchange about Schedule of meet
2026-08-11 - PDS Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-10 - PDS Limited has informed the Exchange about Link of Recording
2026-08-10 - PDS Limited has informed the Exchange about the ESG Ratings
2026-08-08 - PDS Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for PDSL
Loading news…
AI Stock Analyst
PDS Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account