PDS Limited, established in 1987, is a global leader in consumer-driven manufacturing and sourcing, renowned for its commitment to sustainability and ethical business practices. The company offers integrated and customized solutions to global retailers and brands, ensuring a seamless value chain from design to delivery. Specializing in trading, investment holding, design, development, marketing, sourcing, and distribution of readymade garments and consumer products, PDS caters to diverse markets worldwide. With a robust manufacturing presence in Bangladesh, Sri Lanka, and India, supported by approximately 130 production lines, the company emphasizes sustainable production methods. Beyond its core operations, PDS actively invests in ventures that foster a sustainable value chain within the fashion industry, reinforcing its dedication to environmentally conscious practices and long-term value creation for its stakeholders.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 65.84% | 65.81% | 65.73% | 61.69% | 61.52% |
| FIIs + | 3.42% | 3.72% | 3.69% | 5.23% | 5.15% |
| DIIs + | 0.64% | 0.85% | 0.91% | 5.30% | 5.74% |
| Public + | 29.99% | 29.49% | 29.50% | 27.62% | 27.44% |
| Others + | 0.13% | 0.13% | 0.18% | 0.16% | 0.16% |
| No. of Shareholders | 26,780 | 28,850 | 28,738 | 30,787 | 32,091 |
The shareholding pattern of PDS Limited showcases notable changes across different categories of investors over 2023 and 2024. Promoters consistently held a majority stake, though it declined from 65.84% in December 2023 to 61.52% by December 2024, indicating a gradual reduction in promoter ownership. Foreign Institutional Investors (FIIs) showed an increasing interest, with their stake rising from 3.42% in December 2023 to 5.15% in December 2024. Domestic Institutional Investors (DIIs) demonstrated a significant uptick, growing from 0.64% in December 2023 to 5.74% by December 2024, reflecting enhanced domestic institutional confidence in PDS. Public shareholding slightly decreased from 29.99% in December 2023 to 27.44% in December 2024, while the “Others” category remained relatively stable at 0.13% to 0.16%. The number of shareholders also increased steadily, rising from 26,780 in December 2023 to 32,091 by December 2024, highlighting growing retail participation in PDS Limited’s equity.
Below are the trading platforms that you can use to purchase PDS shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2025 | 576.39 | 443.38 |
| February 2025 | 582.21 | 447.85 |
| March 2025 | 594.44 | 457.26 |
| April 2025 | 588.55 | 452.73 |
| May 2025 | 571.41 | 439.55 |
| June 2025 | 597.12 | 459.33 |
| July 2025 | 585.41 | 450.32 |
| August 2025 | 603.52 | 464.25 |
| September 2025 | 610.76 | 469.82 |
| October 2025 | 626.64 | 482.03 |
| November 2025 | 642.31 | 494.08 |
| December 2025 | 671.21 | 516.32 |
In 2025, PDS is projected to show steady growth in its price trends. Starting January with a maximum of ₹576.39 and a minimum of ₹443.38, prices are expected to rise consistently, reaching ₹594.44 and ₹457.26 by March. Mid-year trends indicate further increases, with June likely hitting ₹597.12 and ₹459.33. As the year progresses, PDS could peak at ₹642.31 and ₹494.08 in November, closing December 2025 on a strong note with a maximum of ₹671.21 and a minimum of ₹516.32.
| When | Maximum Price | Minimum Price |
| January 2026 | 691.35 | 531.81 |
| February 2026 | 674.07 | 518.51 |
| March 2026 | 687.55 | 528.88 |
| April 2026 | 701.58 | 539.68 |
| May 2026 | 694.63 | 534.33 |
| June 2026 | 712.00 | 547.69 |
| July 2026 | 698.04 | 536.95 |
| August 2026 | 719.63 | 553.56 |
| September 2026 | 734.02 | 564.63 |
| October 2026 | 753.10 | 579.31 |
| November 2026 | 771.93 | 593.79 |
| December 2026 | 791.23 | 608.64 |
As we move through 2026, PDS is expected to demonstrate a consistent upward trajectory in its price trends. Starting January with a maximum of ₹691.35 and a minimum of ₹531.81, prices may slightly adjust to ₹674.07 and ₹518.51 in February. By mid-year, June is anticipated to reach ₹712.00 and ₹547.69. As we progress, PDS could achieve a peak in October at ₹753.10 and ₹579.31, continuing to climb to ₹771.93 and ₹593.79 in November. The year is likely to close strongly in December 2026, with a maximum of ₹791.23 and a minimum of ₹608.64.
| When | Maximum Price | Minimum Price |
| January 2027 | 799.14 | 614.72 |
| February 2027 | 819.63 | 630.49 |
| March 2027 | 851.60 | 655.07 |
| April 2027 | 834.90 | 642.23 |
| May 2027 | 810.58 | 623.52 |
| June 2027 | 847.06 | 651.58 |
| July 2027 | 830.45 | 638.81 |
| August 2027 | 856.13 | 658.56 |
| September 2027 | 886.10 | 681.61 |
| October 2027 | 909.14 | 699.34 |
| November 2027 | 931.86 | 716.82 |
| December 2027 | 955.16 | 734.74 |
| When | Maximum Price | Minimum Price |
| January 2028 | 974.26 | 749.43 |
| February 2028 | 999.25 | 768.65 |
| March 2028 | 1,038.22 | 798.63 |
| April 2028 | 1,017.86 | 782.97 |
| May 2028 | 988.21 | 760.16 |
| June 2028 | 1,032.68 | 794.37 |
| July 2028 | 1,012.43 | 778.79 |
| August 2028 | 1,043.75 | 802.88 |
| September 2028 | 1,080.28 | 830.98 |
| October 2028 | 1,108.36 | 852.59 |
| November 2028 | 1,136.07 | 873.90 |
| December 2028 | 1,164.47 | 895.75 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,187.76 | 913.66 |
| February 2029 | 1,218.22 | 937.09 |
| March 2029 | 1,265.73 | 973.64 |
| April 2029 | 1,240.91 | 954.55 |
| May 2029 | 1,204.77 | 926.75 |
| June 2029 | 1,258.98 | 968.45 |
| July 2029 | 1,234.30 | 949.46 |
| August 2029 | 1,272.47 | 978.82 |
| September 2029 | 1,317.01 | 1,013.08 |
| October 2029 | 1,351.25 | 1,039.42 |
| November 2029 | 1,385.03 | 1,065.41 |
| December 2029 | 1,419.66 | 1,092.04 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,448.05 | 1,113.89 |
| February 2030 | 1,485.18 | 1,142.45 |
| March 2030 | 1,543.10 | 1,187.00 |
| April 2030 | 1,512.85 | 1,163.73 |
| May 2030 | 1,468.78 | 1,129.83 |
| June 2030 | 1,534.88 | 1,180.67 |
| July 2030 | 1,504.78 | 1,157.52 |
| August 2030 | 1,551.32 | 1,193.32 |
| September 2030 | 1,605.62 | 1,235.09 |
| October 2030 | 1,647.36 | 1,267.20 |
| November 2030 | 1,688.55 | 1,298.88 |
| December 2030 | 1,730.76 | 1,331.35 |
As we progress through 2030, PDS is poised for significant growth, starting January with a maximum price of ₹1,448.05 and a minimum of ₹1,113.89. February may see these values rising to ₹1,485.18 and ₹1,142.45, respectively. By mid-year, June could witness a peak at ₹1,534.88 and a minimum of ₹1,180.67. Momentum is expected to build, with September reaching ₹1,605.62 and ₹1,235.09. The upward trend may culminate in December 2030, where PDS could achieve a maximum price of ₹1,730.76 and a minimum of ₹1,331.35.
Financial Condition of PDS
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 6,648 | 6,213 | 8,828 | 10,577 | 10,373 | 11,722 |
| Expenses + | 6,444 | 5,972 | 8,495 | 10,102 | 9,959 | 11,313 |
| Operating Profit | 204 | 241 | 334 | 475 | 414 | 410 |
| OPM % | 3% | 4% | 4% | 4% | 4% | 3% |
| Other Income + | 13 | 37 | 86 | 51 | 40 | 57 |
| Interest | 74 | 41 | 39 | 89 | 128 | 126 |
| Depreciation | 52 | 68 | 70 | 80 | 93 | 98 |
| Profit before tax | 91 | 170 | 310 | 357 | 232 | 243 |
| Tax % | 10% | 13% | 6% | 8% | 13% | |
| Net Profit + | 81 | 148 | 293 | 327 | 203 | 215 |
| EPS in Rs | 3.53 | 6.48 | 19.08 | 20.24 | 10.93 | 11.2 |
| Dividend Payout % | 0% | 49% | 25% | 13% | 29% |
PDS has showcased consistent growth and resilience across its financial metrics over the years. Sales revenue increased from ₹6,648 crore in March 2020 to ₹10,373 crore in March 2024, with the trailing twelve months (TTM) reflecting further growth to ₹11,722 crore. Despite a rise in expenses, operating profit remained stable, peaking at ₹475 crore in March 2023 before settling at ₹410 crore in TTM, with an OPM consistently around 3-4%.
PDS also exhibited strength in managing other income, which reached ₹86 crore in March 2022 and held steady at ₹57 crore in TTM. However, interest expenses surged significantly from ₹74 crore in March 2020 to ₹126 crore in TTM, accompanied by rising depreciation costs. Profit before tax peaked at ₹357 crore in March 2023 but declined to ₹243 crore in TTM. Net profit followed a similar trend, reaching ₹327 crore in March 2023 before moderating to ₹215 crore in TTM.
Earnings per share (EPS) experienced remarkable growth, from ₹3.53 in March 2020 to ₹20.24 in March 2023, though it slightly reduced to ₹11.2 in TTM. PDS has varied its dividend payout, reflecting 0% in 2020 and fluctuating to 29% in March 2024. This financial performance highlights PDS’s adaptability and ongoing commitment to delivering shareholder value.
FAQS
What is PDS market capitalization as of the latest available data?
PDS holds a market capitalization of ₹7,641 crore.
PDS is expected to reach ₹671.21 by the end of 2025.
PDS is projected to trade in a range between ₹1,113.89 to ₹1,730.76 in 2030.
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Should one invest in PDS?
In conclusion, PDS Limited demonstrates a strong financial foundation and consistent growth trajectory, underscored by its expanding sales revenue, stable operating profit margins, and rising shareholder confidence. The company’s ability to maintain profitability despite increasing expenses highlights its operational efficiency. With a strategic focus on sustainable practices and a strong presence in the fashion value chain, PDS is well-positioned for long-term value creation. Its steadily increasing market capitalization and promising share price targets for 2025 and 2030 reflect growing investor trust and potential for significant returns. PDS’s commitment to innovation and adaptability ensures a positive outlook for stakeholders.
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