Arthneeti

PDS Q1 FY27 Share Price & Earnings Call Analysis

₹346.25+3.16% today
Market cap
₹4,905 Cr
P/E
41.73
ROE
6.48%
PEG
-1.84
Price to sales
0.36
Debt to equity
0.72
52W high / low
₹407 / ₹254
Sales growth (5Y)
16.11%
EBITDA margin
3.15%
Net profit margin
1.33%
Promoter holding
61.36%
Sales (last year)
₹13,554 Cr

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]

Guidance scorecard · Q1 FY27 call

What PDS Ltd's management guided
and where it ranks in Textiles & Apparels

#29of 42 in
Textiles & Apparels
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

10–20%
  • Order book increased by 23% YoY in Q1, exceeding prior mid-single-digit growth guidance, indicating stronger sales momentum.
  • Q1 revenue grew 15% YoY to ₹3,444 crores, with positive outlook to sustain similar growth in Q2.
  • New sourcing as a service contracts signed with annual business potential of approx. US$330 million, expected to unfold into revenue and profitability in coming quarters.
  • Strong traction in U.S. and European markets; 48% growth in Americas, 21% growth in Europe with new major accounts.
  • 7-8 out of 10 business pitches lead to new accounts, indicating a healthy pipeline and scaling without significant incremental costs.
  • Focus on enhancing manufacturing capabilities through partnerships (e.g., Busana Apparel Group) to improve margins and customer profile.

2 more points from PDS Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what PDS Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • In Q1 FY27, total investments in new verticals reduced by 8% YoY to ₹37 crores from ₹41 crores last year.
  • Investment in brand management declined by 38% and design-led sourcing declined by 5%.
  • Increased investment in North America reflects continued scale-up of GSCL.
  • Certain businesses have been merged or exited, allowing capital to be redirected towards more scalable opportunities.
  • PDS Ventures, the corporate treasury arm investing in innovation, will have selective investment capped around ₹10 crores per year (~$1-1.5 million).
  • New capital deployment into ventures is restricted and largely linked to partners or new/existing customers giving more business.

2 more points from PDS Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what PDS Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • The order book increased by 23% recently, with a 15% revenue growth in Q1 FY27, indicating strong order inflow.
  • Q4 FY26 ended with an 11% increase in the order book.
  • Management remains cautious but positive, aiming for another healthy quarter before revisiting guidance.
  • They target maintaining this momentum into Q2 with a focus on strong execution.
  • Pipeline of business is described as very healthy, with significant traction in the U.S. and Europe.

2 more points from PDS Ltd's call on the order book

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Full Q1 FY27 analysis
Full Textiles & Apparels ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does PDS Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹560 Cr90.6
240%+Flat₹421 Cr27.7
3Sumeet Industrie20–40%Up 2%+₹751 Cr30.3
420–40%Up 2%+₹305 Cr20.4
520–40%Up 0–2%₹2,823 Cr17.5
620–40%Up 0–2%₹1,225 Cr69.7

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Financials of PDS Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of PDS Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,7422,1152,4632,5803,2152,6213,3063,1253,5262,9993,4193,1723,519
Expenses +2,6092,0482,3262,5053,1022,5493,1633,0273,3862,9493,3163,0643,399
Operating Profit1336713675114721449813951103108120
OPM %5%3%6%3%4%3%4%3%4%2%3%3%3%
Other Income +369161020129104028528
Interest27232431283334302934433634
Depreciation23222323262325273630333236
Profit before tax86289836703696518427564478
Tax %11%18%10%29%6%13%8%10%11%26%13%16%8%
Net Profit +77238826653189457520483772
EPS in Rs4.321.444.951.113.471.514.801.962.850.922.121.393.47

Financials of PDS Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,8724,2774,6164,9246,4866,6486,2138,82810,57710,37312,57813,110
Expenses +3,8184,2354,5594,8866,3506,4445,9728,49510,1029,95912,09712,727
Operating Profit54425738136204241334475414481383
OPM %1%1%1%1%2%3%4%4%4%4%4%3%
Other Income +1331142416133786514050100
Interest191413225674413989128151146
Depreciation15151316265268708093111131
Profit before tax344445246991170310357232268205
Tax %16%2%11%13%0%10%13%6%8%13%10%14%
Net Profit +294338206981148293327203241178
EPS in Rs1.672.141.10-0.603.373.536.4819.0820.2410.9311.107.90
Dividend Payout %-0%-0%-0%-0%-0%-0%49%25%13%29%15%21%

Financials of PDS Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital262626262626262626262828
Reserves4214554374394425336218461,0281,1401,6221,735
Borrowings +4754854655527007475627407191,0541,2321,264
Other Liabilities +4694785096431,0031,0381,1361,7821,3361,8411,8562,238
Total Liabilities1,3911,4451,4371,6602,1722,3442,3453,3953,1094,0624,7385,266
Fixed Assets +192195210273354479464463484504701858
CWIP11232030152153811510
Investments204468987989154319418457503524
Other Assets +1,1681,1831,1401,2581,7231,7551,7222,6092,1992,9863,5333,884
Total Assets1,3911,4451,4371,6602,1722,3442,3453,3953,1094,0624,7385,266

Financials of PDS Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-1012112158213281379407510190-37781
Cash from Investing Activity +7-70-46-147-200-55-88-221-130-309-266-32
Cash from Financing Activity +1-70-966115-128-347-26-337-38403-500
Net Cash Flow-2-1966-2312997-5516043-158100249
Free Cash Flow-289882-297722535336345123-180718
CFO/OP-18%298%213%155%168%142%163%129%113%53%-0%215%

Financials of PDS Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days676658585846535934595446
Inventory Days10536912141511151820
Days Payable383634414948637747665561
Cash Conversion Cycle3936262218105-3-27174
Working Capital Days1482-2-18-22-18-18-16-14-2-11
ROCE %6%6%6%4%11%14%16%24%25%17%16%12%

Guidance history

How PDS Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned—Rising
Q4 FY26 call →0–10%Up 0–2%None plannedNone plannedRising
Q4 FY26 call →0–10%Up 0–2%None plannedNone plannedRising
Q3 FY26 call →10–20%FlatPlanned—Flat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

34out of 100

Momentum score · price trend

34 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−0.2%60%
Last 6 months+24.6%77%
Last 3 months+0.3%64%

The price is 44.8% below its all-time high of ₹627.25 (27 Oct 2023). Stocks more than 20% below their peak have their score halved, so 68 became 34.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For PDS Ltd: 0.4 × 60 + 0.4 × 77 + 0.2 × 64 = 68, halved to 34 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What PDS Ltd's management said in earlier quarters

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