PDS Ltd.

•

pdsltd.comBSE: 538730NSE: PDSL

Market Cap₹ 5,094 Cr.

Current Price

High / Low₹ 418 / 246

Stock P/E43.3

Book Value₹ 124

Price to Book2.13

Dividend Yield0.92 %

ROCE13.5 %

ROE10.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Sourcing: 92.3% • Manufacturing: 7.7% • Other segments: 0.0%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

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.

Confidence

78%

View full sector analysis →

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

Oil Gas & Consumable FuelsTradingTrading

Part ofSHI: Textiles & Apparels

S.No.	Name
1.	ADANIENT	2936.00	53.39	397452.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	998.00	27.21	45304.36	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	AEGISLOG	1270.55	35.64	44596.31	0.68	544.84	210.70	2356.86	37.07	19.76	30.28
4.	CPPLUS	3705.90	91.86	43840.96	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	371.40	17.07	29035.10	1.62	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.75	61.67	15347.59	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	74.20	100.87	11327.02	0.20	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	826.10	83.74	10411.77	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	64.18	21.52	9627.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1827.20	63.41	7952.54	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	342.50	24.69	7724.69	0.44	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	PDSL	360.10	43.34	5093.99	0.92	28.59	42.70	3443.72	14.81	13.49	2.85

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.73	61.69	61.52	61.42	61.41	61.41	61.40	61.37	61.37
	3.69	5.23	5.15	5.00	4.43	3.68	3.22	3.32	3.78
	0.91	5.30	5.74	5.74	5.92	5.66	5.78	5.77	5.18
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.67	27.78	27.59	27.84	28.24	29.26	29.60	29.55	29.66

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Updates

2026-09-03 - PDS Limited has informed the Exchange regarding 'PDS Group Sustainability Report 2026 titled - Responsible by Design '.

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - PDS Limited has informed the Exchange about Schedule of meet

2026-08-20

Diversification/Disinvestment

2026-08-20 - PDS Limited has informed the Exchange about Diversification/Disinvestment

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - PDS Limited has informed the Exchange about Transcript

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - PDS Limited has informed the Exchange about Schedule of meet

2026-08-11

Copy of Newspaper Publication

2026-08-11 - PDS Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - PDS Limited has informed the Exchange about Link of Recording

2026-08-10

General Updates

2026-08-10 - PDS Limited has informed the Exchange about the ESG Ratings

2026-08-08

Copy of Newspaper Publication

2026-08-08 - PDS Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for PDSL

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Free 5nance Account

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

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

136

114

144

146

103

109

122

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%

Interest

Depreciation

Profit before Tax

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

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

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

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%

100

Interest

128

151

174

150

Depreciation

111

131

137

Profit before Tax

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

152

293

327

203

241

178

188

EPS

0.00

32.37

18.86

19.93

10.95

11.12

7.91

—

Dividend Payout %

0.00%

48.65%

25.00%

25.17%

43.39%

30.13%

41.72%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

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

218

187

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

273

354

479

464

418

459

479

672

829

Capital Work in Progress

115

206

154

319

418

457

503

524

136

183

197

305

256

329

483

557

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

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

122

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

115

-128

-347

-26

-337

-38

403

-500

-23

133

-50

153

-163

108

249

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

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

Inventory Days

Payable Days

-2

-5

-1

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%

-45.96%

1.56%

-28.87%

VALUATION

P/E (x)

0.00x

43.10x

39.05x

32.97x

P/B (x)

0.00x

5.52x

3.87x

2.13x

Dividend Yield %

0.00%

1.01%

0.77%

1.27%

0.00x

14.46x

12.24x

7.39x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

65.73

61.69

61.52

61.42

61.41

61.40

61.37

3.69

5.23

5.15

5.00

4.43

3.68

3.22

3.32

3.78

0.91

5.30

5.74

5.92

5.66

5.78

5.77

5.18

Government

0.00

29.67

27.78

27.59

27.84

28.24

29.26

29.60

29.55

29.66

PDS Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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Cash Flows

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PDS Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI