Financials PDS Limited

Equities

PDSL

INE111Q01021

Apparel & Accessories

End-of-day quote NSE India S.E. Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
435.8 ^INR	+0.43%		-6.50%	-20.93%

Apr. 25	North American Morning Briefing : More Tech -2-	DJ
Apr. 05	Sector Update: Energy Stocks Gain in Late Friday Afternoon Trading	MT

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,348	17,252	45,504	43,488	57,552	-	-
Enterprise Value (EV) ¹	7,348	17,252	45,089	43,488	57,552	57,552	57,552
P/E ratio	16 x	20.5 x	18.5 x	16.7 x	26.6 x	18 x	13.7 x
Yield	-	-	1.37%	0.78%	0.37%	1.4%	1.81%
Capitalization / Revenue	0.11 x	-	0.52 x	0.41 x	0.55 x	0.47 x	0.39 x
EV / Revenue	0.11 x	-	0.52 x	0.41 x	0.55 x	0.47 x	0.39 x
EV / EBITDA	3.46 x	-	14.1 x	9.47 x	12.1 x	9.89 x	8.16 x
EV / FCF	-	-	12.7 x	8.58 x	-88.3 x	26.5 x	23.7 x
FCF Yield	-	-	7.87%	11.7%	-1.13%	3.77%	4.21%
Price to Book	1.32 x	-	4.86 x	-	4.58 x	3.85 x	3.18 x
Nbr of stocks (in thousands)	130,234	130,234	130,234	130,928	132,045	-	-
Reference price ²	56.42	132.5	349.4	332.2	435.8	435.8	435.8
Announcement Date	7/10/20	5/27/21	5/16/22	5/11/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	66,480	-	88,282	105,770	104,529	122,768	146,066
EBITDA ¹	2,125	-	3,226	4,592	4,749	5,821	7,054
EBIT ¹	-	-	2,526	3,790	3,885	4,927	6,135
Operating Margin	-	-	2.86%	3.58%	3.72%	4.01%	4.2%
Earnings before Tax (EBT) ¹	974.4	-	3,101	3,568	3,094	4,527	5,930
Net income ¹	460.2	843.2	2,484	2,650	2,157	3,175	4,159
Net margin	0.69%	-	2.81%	2.51%	2.06%	2.59%	2.85%
EPS ²	3.534	6.474	18.86	19.93	16.40	24.20	31.70
Free Cash Flow ¹	-	-	3,583	5,071	-652	2,169	2,424
FCF margin	-	-	4.06%	4.79%	-0.62%	1.77%	1.66%
FCF Conversion (EBITDA)	-	-	111.07%	110.44%	-	37.26%	34.36%
FCF Conversion (Net income)	-	-	144.22%	191.38%	-	68.31%	58.28%
Dividend per Share ²	-	-	4.770	2.600	1.600	6.100	7.900
Announcement Date	7/10/20	5/27/21	5/16/22	5/11/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q1	2023 Q2
Net sales ¹	23,404	29,212
EBITDA ¹	730.8	1,192
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	8/1/22	11/2/22

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	415	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	3,583	5,071	-652	2,169	2,424
ROE (net income / shareholders' equity)	9.04%	-	30.1%	27.5%	18.7%	23.2%	25.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	42.90	-	71.90	-	95.10	113.0	137.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	380	-	735	800	850
Capex / Sales	-	-	0.43%	-	0.7%	0.65%	0.58%
Announcement Date	7/10/20	5/27/21	5/16/22	5/11/23	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PDS Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

435.8 INR

Average target price

950 INR

Spread / Average Target

+117.96%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Apparel & Accessories

	1st Jan change	Capi.
PDS LIMITED	-20.93%	690M
LVMH	+7.55%	425B
CHRISTIAN DIOR SE	+4.52%	144B
LULULEMON ATHLETICA INC.	-30.97%	44.44B
MONCLER S.P.A.	+13.90%	18.48B
RALPH LAUREN CORPORATION	+16.53%	10.74B
LEVI STRAUSS & CO.	+37.12%	9.03B
LI NING COMPANY LIMITED	+5.74%	7.11B
PVH CORP.	-5.50%	6.66B
BOSIDENG INTERNATIONAL HOLDINGS LIMITED	+30.20%	6.4B

Other Apparel & Accessories