PDS Ltd
PDS Ltd is engaged in trading of garments, investment holding, design, development, marketing, sourcing and distribution of readymade garments of all kinds and other consumer products worldwide.[1]
- Market Cap ₹ 7,291 Cr.
- Current Price ₹ 518
- High / Low ₹ 646 / 355
- Stock P/E 59.4
- Book Value ₹ 49.7
- Dividend Yield 0.92 %
- ROCE 31.3 %
- ROE 32.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 136% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%
- Company has been maintaining a healthy dividend payout of 61.6%
- Company's median sales growth is 35.4% of last 10 years
Cons
- Stock is trading at 10.4 times its book value
- Promoter holding has decreased over last quarter: -4.04%
- Tax rate seems low
- Earnings include an other income of Rs.126 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 5 | 7 | 25 | 13 | 18 | 39 | 41 | 46 | 116 | 463 | 625 | 533 | |
2 | 4 | 8 | 24 | 12 | 16 | 35 | 33 | 37 | 103 | 432 | 606 | 521 | |
Operating Profit | 0 | 1 | -1 | 1 | 2 | 2 | 4 | 8 | 9 | 13 | 31 | 19 | 12 |
OPM % | 13% | 16% | -15% | 5% | 11% | 12% | 11% | 19% | 19% | 11% | 7% | 3% | 2% |
0 | 0 | 0 | -0 | 0 | 7 | 1 | 1 | 42 | 62 | 69 | 76 | 126 | |
Interest | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 1 | 1 | 6 | 7 |
Depreciation | 0 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 6 | 7 | 6 |
Profit before tax | 0 | -1 | -2 | -0 | 1 | 4 | 1 | 4 | 46 | 70 | 93 | 82 | 124 |
Tax % | 31% | -31% | -8% | -135% | 32% | 14% | -65% | 36% | 3% | 5% | 7% | 3% | |
0 | -1 | -2 | 0 | 1 | 4 | 1 | 3 | 45 | 67 | 86 | 79 | 123 | |
EPS in Rs | 3.67 | -31.67 | -0.14 | 0.01 | 0.04 | 0.29 | 0.08 | 0.21 | 3.43 | 5.13 | 6.60 | 6.00 | 9.28 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 92% | 93% | 39% | 52% |
Compounded Sales Growth | |
---|---|
10 Years: | 62% |
5 Years: | 74% |
3 Years: | 138% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | 56% |
5 Years: | 136% |
3 Years: | 21% |
TTM: | 42% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 53% |
3 Years: | 22% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 32% |
3 Years: | 37% |
Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 0.05 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 28 |
Reserves | 0 | 105 | 77 | 77 | 77 | 81 | 82 | 85 | 130 | 176 | 190 | 239 | 671 |
1 | 4 | 12 | 23 | 25 | 21 | 18 | 15 | 11 | 12 | 15 | 65 | 64 | |
0 | 2 | 4 | 7 | 14 | 13 | 22 | 20 | 26 | 43 | 186 | 176 | 130 | |
Total Liabilities | 1 | 111 | 119 | 132 | 142 | 142 | 148 | 146 | 193 | 256 | 417 | 507 | 893 |
1 | 5 | 4 | 4 | 29 | 38 | 37 | 36 | 36 | 36 | 43 | 41 | 44 | |
CWIP | 0 | 2 | 11 | 23 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 100 | 100 | 100 | 100 | 101 | 102 | 101 | 101 | 122 | 162 | 183 | 273 |
1 | 3 | 4 | 5 | 5 | 2 | 9 | 10 | 56 | 99 | 212 | 283 | 576 | |
Total Assets | 1 | 111 | 119 | 132 | 142 | 142 | 148 | 146 | 193 | 256 | 417 | 507 | 893 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | 2 | -1 | 3 | 12 | 6 | 11 | 4 | 9 | 13 | 87 | -30 | |
-1 | -110 | -8 | -13 | -11 | -4 | -4 | -0 | 43 | 3 | 45 | 19 | |
1 | 108 | 9 | 10 | 2 | -6 | -5 | -5 | -9 | -43 | -91 | 5 | |
Net Cash Flow | 0 | 0 | 0 | -0 | 3 | -3 | 2 | -0 | 43 | -26 | 41 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 93 | 0 | 57 | 0 | 0 | 1 | 9 | 7 | 38 | 90 | 84 | 83 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 93 | 0 | 57 | 0 | 0 | 1 | 9 | 7 | 38 | 90 | 84 | 83 |
Working Capital Days | 95 | -73 | -95 | -98 | -354 | -219 | -169 | -121 | -101 | -7 | -49 | -11 |
ROCE % | 35% | -2% | -2% | 0% | 1% | 5% | 2% | 5% | 33% | 38% | 43% | 31% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Nov - Intimation of investors meet on November 18, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Nov - Intimation of investors meet at JM Financial Conference.
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Board Meeting Outcome for For Approval Of The Special Purpose Condensed Audited Standalone Interim Financial Statements For The Period Ended September 30, 2024
6 Nov - Board approved interim financial statements for Q2 2024.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 Nov - PDS Limited has informed regarding the Earnings Call Transcript.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Oct - PDS Limited has informed regarding the newspaper publication for fixation of record date for declaration of Interim Dividend for F.Y. 2024-25.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Concalls
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
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Jun 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023TranscriptPPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Dec 2021Transcript PPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Dec 2019TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Sep 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Jan 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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Feb 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
Business Segments[1]
1 Design-led Sourcing - Broaden design portfolio, introduce new concepts and trends, & source products across the value chain, enabling fast fashion. Clients include Primark, Tesco, Walmart, Kohls etc.
2 Sourcing as a Service - Exclusive & independent setup catering to a specific
retailer & brand, acting as their sourcing arm in
specified territories. Clients include Hanes, Sainsbury, George, s.Oliver etc.
3 Manufacturing - Direct manufacturer with 3 specialty-focused in-house capabilities in strategic locations. Clients include Primark, Matalan, Sainsbury's etc.
4 Brand Management - Leveraging capabilities to revitalize brands, via brand management & wholesale distribution of licensed brands. Clients include Ted Baker, Forever 21, Lily & Sid etc.
5 PDS Ventures - Investments in innovative solutions in apparel, sustainability & circularity from design to consumer. Clients include Style Theory, Kavida, Smartex etc. This includes 22% of treasury investments and 18% investment in real estate.[2]