āagman

Not investment advice. Data and computed figures, for information only.

PDS Ltd

NSE: PDSL
₹339.75
−₹2.15 (−0.63%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,753 Cr
CMP
₹339.75
52-wk High / Low
₹419 / 246
P/E
40.4
P/B
2.7
Book Value
₹125.0
Div Yield
0.98%
ROCE
12.0%
ROE
6.5%
Face Value
₹2
D/E
0.72

Price+9.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹149
√(22.5 × EPS × book value per share)
ROIC
8.0%
vs 4.9% sector median
Cash flow to profit
4.39
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+109
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
3.9%
ROE × earnings retention ratio
ROE stability
9.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII +0.81DII −0.99
Latest quarter vs the previous one
Cash-accrual divergence
−12.0%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 24% vs the 2022 sector median of 22%)
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 0.6pp over the last year
Watch-outs
−Borrowings are up 160.6% since FY2016 (485 to 1264)
−Promoter holding fell by 4.9pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,1152,4632,5803,2152,6213,3063,1253,5262,9993,4193,1723,5193,444
Expenses2,0482,3262,5053,1022,5493,1633,0273,3862,9493,3163,0643,3993,348
Operating Profit671367511472144981395110310812096
OPM %3.2%5.5%2.9%3.5%2.7%4.4%3.1%3.9%1.7%3.0%3.4%3.4%2.8%
Other Income6916102012910402852811
Interest23243128333430293443363437
Depreciation22232326232527363033323636
Profit before tax28983670369651842756447834
Net Profit23882665318945752048377229
EPS (₹)1.444.951.113.471.514.801.962.850.922.121.393.471.33

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,8724,2774,6164,9246,4866,6486,2138,82810,57710,37312,57813,11013,554
Expenses3,8184,2354,5594,8866,3506,4445,9728,49510,1029,95912,09712,69913,127
Operating Profit54425738136204241334475414481411427
OPM %1.4%1.0%1.2%0.8%2.1%3.1%3.9%3.8%4.5%4.0%3.8%3.1%3.2%
Other Income133114241613378651405010073
Interest191413225674413989128151174150
Depreciation15151316265268708093111131137
Profit before tax344445246991170310357232268205213
Net Profit294338206981148293327203241178186
EPS (₹)1.672.141.10−0.603.373.536.4819.0820.2410.9311.107.908.31

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital262626262626262626262828—
Reserves4214554374394425336218461,0281,1401,5861,735—
Borrowings4754854655527007475627407191,0541,2321,264—
Other Liabilities4694785096431,0031,0381,1361,7821,3361,8411,8992,238—
Total Liabilities1,3911,4451,4371,6602,1722,3442,3453,3953,1094,0624,7455,266—
Fixed Assets192195210273354479464463484504701858—
CWIP11232030152153811510—
Investments204468987989154319418457503524—
Other Assets1,1681,1831,1401,2581,7231,7551,7222,6092,1992,9863,5413,884—
Total Assets1,3911,4451,4371,6602,1722,3442,3453,3953,1094,0624,7455,266—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−1012112158213281379407510190−37781
Cash from Investing Activity7−70−46−147−200−55−88−221−130−309−26618
Cash from Financing Activity1−70−966115−128−347−26−337−38403−500
Net Cash Flow−2−1966−2312997−5516043−158100299

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.06.06.04.011.014.016.024.023.017.016.012.0
ROE %———————————6.5
EPS (₹)1.672.141.10−0.603.373.536.4819.0820.2410.9311.107.90
Book Value (₹)———————————125.0
Face Value (₹)———————————2
P/E———————————40.4
Div Yield %———————————0.98
NPM %0.71.00.80.41.11.22.43.33.11.91.91.3
OPM %1.41.01.20.82.13.13.93.84.54.03.83.1
D/E1.061.011.001.191.501.340.870.850.680.900.760.72
P/B———————————2.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+12.0%
5 years+16.0%
3 years+7.0%
TTM+5.0%
Compounded profit growth
10 years+15.0%
5 years+6.0%
3 years−23.0%
TTM−21.0%
Stock price CAGR
10 years+25.0%
5 years+6.0%
3 years−15.0%
Last year+8.0%
Return on equity
10 years13.0%
5 years15.0%
3 years10.0%
Last year6.0%

Shareholding pattern

As of 30 Jun 2026
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.65%66.65%66.65%66.65%66.65%66.65%66.65%66.29%65.81%61.42%61.37%61.36%
FIIs3.40%3.40%3.99%3.86%4.09%3.58%3.79%3.49%3.72%5.00%3.32%4.13%
DIIs5.88%5.88%1.44%1.44%0.59%0.56%0.60%0.59%0.85%5.74%5.77%4.78%
Government————————————
Public24.07%24.07%27.92%28.05%28.67%29.21%28.94%29.53%29.49%27.68%29.38%29.56%
No. of shareholders18,26918,26915,58714,55613,34312,15113,99920,65528,85030,72030,09832,449
Change since Sep 2023 (pp)
Promoters −5.29FIIs +0.73DIIs −1.10Public +5.49

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingFeb 2026PPT

Corporate actions

As of 24 Jul 2026
24 Jul 2026DIVIDENDDividend - Rs 1.65 Per Share—
31 Oct 2025DIVIDENDInterim Dividend - Rs 1.65 Per Share—
17 Jul 2025DIVIDENDDividend - Rs 1.70 Per Share—
12 Nov 2024DIVIDENDInterim Dividend - Rs 1.65 Per Share—
19 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 3.15 Per Share—
15 Nov 2023DIVIDENDInterim Dividend - Rs 1.60 Per Share—
24 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2.60 Per Share—
17 Nov 2022DIVIDENDInterim Dividend - Rs 2.50 Per Share—
26 Aug 2022SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
21 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 23.85 Per Share—
22 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 15.75 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman