TickerSutra

NSE: PDSL · BSE: 538730 · ISIN INE111Q01021

PDS Limited stock analysis

PDS Limited ranks #3092 in the TickerSutra evidence-ranked universe with a score of 42/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.5%, quarterly sales growth of 14.8% and quarterly profit growth of 45.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE42/100

Avoid / exit review

#3092 of 5,430 ranked equities
Market capitalisation₹4,894.56cr
ROCE12.5%
Quarterly sales growth14.8%
Quarterly profit growth45.0%
P/E ratio41.6×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 1.9×
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹8,828cr₹334cr₹293cr3.8%
2023₹10,577cr₹475cr₹327cr4.5%
2024₹10,373cr₹414cr₹203cr4.0%
2025₹12,578cr₹481cr₹241cr3.8%
2026₹13,110cr₹411cr₹178cr3.1%
TTM₹13,554cr₹427cr₹186cr3.1%
Debt / equity0.72×
CFO / EBITDA1.90×
Operating margin3.1%
Free cash flow₹718cr
Sales CAGR · 3Y7.4%
Profit CAGR · 3Y-18.3%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

1 positive catalysts0 negative catalysts5 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 3 mentions
Positive catalyst

As a result, EBITDA increased 90% year-on-year to ₹96 crores with EBITDA margin expanding from 1.7% to 2.8%, an improvement of 111 basis points. We are beginning to see now operating leverage as revenue scales and results of our efforts continue to give us results. Below EBITDA, depreciation increased 21% to ₹36 crores, reflecting the higher asset base following acquisition of Knit Gallery and capitalization of our o

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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