PDS Future Growth
Future criteria checks 3/6
PDS is forecast to grow earnings and revenue by 28.1% and 10.1% per annum respectively. EPS is expected to grow by 28.3% per annum. Return on equity is forecast to be 7.8% in 3 years.
Key information
28.1%
Earnings growth rate
28.33%
EPS growth rate
| Luxury earnings growth | 20.2% |
| Revenue growth rate | 10.1% |
| Future return on equity | 7.75% |
| Analyst coverage | Low |
| Last updated | 17 Apr 2026 |
Recent future growth updates
Analysis Article • Feb 14
PDS Limited (NSE:PDSL) Just Reported And Analysts Have Been Cutting Their Estimates
Last week, you might have seen that PDS Limited ( NSE:PDSL ) released its quarterly result to the market. The early...Analysis Article • Jan 31
PDS Limited Just Recorded A 32% Revenue Beat: Here's What Analysts Think
PDS Limited ( NSE:PDSL ) shareholders are probably feeling a little disappointed, since its shares fell 7.2% to ₹485 in...Recent updates
Narrative Update • May 15
PDSL: International Reactivations And New Sourcing Wins Will Support Higher Earnings Multiple
Analysts have lifted their price target on PDS to ₹410.0. This is supported by updated assumptions that reflect a slightly lower discount rate and a modestly reduced future P/E multiple, along with recent target increases across several covering firms. Analyst Commentary Recent Street research on PDS reflects a cluster of higher price targets, which feeds into the revised valuation work behind the ₹410.0 target.Narrative Update • Apr 28
PDSL: International Reactivations Will Support Higher Earnings Multiple Through 2026
The analyst fair value estimate for PDS has been reset from ₹545 to ₹410, with analysts citing revised revenue growth, margin assumptions and updated P/E expectations as they respond to recent Street price target changes and caution around near term earnings pressures. Analyst Commentary Street research around PDS has focused on how recent earnings prints and margin trends feed into fair value and price targets, with several firms adjusting their models while keeping a close eye on execution risks.Narrative Update • Apr 13
PDSL: International Reactivations Will Support Higher Earnings Multiple In 2026
Narrative Update on PDS The analyst price target for PDS has risen to ₹545, with analysts citing recent upward revisions across several firms and a slightly higher assumed P/E multiple as the main reasons for this change. Analyst Commentary Recent research on PDS points to a cluster of higher price targets, with analysts focusing on how the stock’s valuation lines up with execution on near term estimates and longer term growth plans.Narrative Update • Mar 29
PDSL: International Reactivations And Margin Recovery Will Support Higher Earnings Multiple
Analysts have nudged the PDS price target higher to ₹545, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and future P/E. These assumptions broadly align with recent Street research, where firms lifted their targets despite near term estimate pressures and mixed margin impacts.Narrative Update • Mar 13
PDSL: International Reactivations Will Support Higher Earnings Multiple Through 2026
Analysts have nudged their implied price target on PDS higher to ₹545, with only minor tweaks to the discount rate and future P/E assumptions, citing cautious optimism despite recent margin pressure and softer Q1 2026 expectations versus consensus. Analyst Commentary Street research around PDS points to cautious optimism, with several firms raising their implied value targets while highlighting both execution upside and near term pressures on margins and earnings expectations.Narrative Update • Feb 27
PDSL: International Reactivations Will Support Repriced Earnings Multiple Over 2026
Analysts have lifted their price targets on PDS to ₹105, up from ₹81, citing recent stock pressure tied to lighter Q1 2026 estimates, the impact of international reactivations on margins, and a cautiously optimistic view for the second half of 2026. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price targets as a sign that they see room for upside in the shares relative to current trading levels, even after the recent stock pressure.Analysis Article • Feb 14
PDS Limited (NSE:PDSL) Just Reported And Analysts Have Been Cutting Their Estimates
Last week, you might have seen that PDS Limited ( NSE:PDSL ) released its quarterly result to the market. The early...Narrative Update • Feb 13
PDSL: Higher Revenue Assumptions Will Support Repriced Earnings Multiple
The analyst price target on PDS has been revised from ₹620 to ₹545, with analysts pointing to updated assumptions on discount rates, revenue growth, margins, and a lower future P/E as they incorporate recent Street research that raised price targets at firms such as BMO Capital and TD Securities. Analyst Commentary Bullish Takeaways Bullish analysts who have raised their price targets see room for upside in PDS shares relative to their updated assumptions on discount rates, revenue growth, and margins, even after the revision in the central price target to ₹545.Analysis Article • Dec 01
PDS (NSE:PDSL) Will Be Hoping To Turn Its Returns On Capital Around
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Nov 13
Investors Appear Satisfied With PDS Limited's (NSE:PDSL) Prospects As Shares Rocket 34%
PDS Limited ( NSE:PDSL ) shareholders would be excited to see that the share price has had a great month, posting a 34...Analysis Article • Oct 31
Does PDS (NSE:PDSL) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • May 23
PDS' (NSE:PDSL) Shareholders May Want To Dig Deeper Than Statutory Profit
The market shrugged off PDS Limited's ( NSE:PDSL ) solid earnings report. We think that investors might be worried...Analysis Article • May 13
Here's What To Make Of PDS' (NSE:PDSL) Decelerating Rates Of Return
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
New Narrative • Feb 22
Partnerships With Primark And Investments In High-Value Categories Will Expand Global Reach
PDS aims for strong revenue growth through strategic milestones, significant North American sales growth, and deepening key customer relationships in untapped markets.Analysis Article • Jan 31
PDS Limited Just Recorded A 32% Revenue Beat: Here's What Analysts Think
PDS Limited ( NSE:PDSL ) shareholders are probably feeling a little disappointed, since its shares fell 7.2% to ₹485 in...Analysis Article • Dec 17
Earnings Tell The Story For PDS Limited (NSE:PDSL) As Its Stock Soars 28%
PDS Limited ( NSE:PDSL ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Taking...Analysis Article • Nov 29
Is PDS (NSE:PDSL) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 06
Why PDS' (NSE:PDSL) Shaky Earnings Are Just The Beginning Of Its Problems
Despite PDS Limited's ( NSE:PDSL ) recent earnings report having lackluster headline numbers, the market responded...Analysis Article • Oct 27
Investors Still Waiting For A Pull Back In PDS Limited (NSE:PDSL)
PDS Limited's ( NSE:PDSL ) price-to-earnings (or "P/E") ratio of 46.1x might make it look like a sell right now...Analysis Article • Jul 12
PDS (NSE:PDSL) Has Announced That It Will Be Increasing Its Dividend To ₹3.15
PDS Limited ( NSE:PDSL ) has announced that it will be increasing its dividend from last year's comparable payment on...Analysis Article • Jun 19
Why Investors Shouldn't Be Surprised By PDS Limited's (NSE:PDSL) 26% Share Price Surge
PDS Limited ( NSE:PDSL ) shareholders would be excited to see that the share price has had a great month, posting a 26...Analysis Article • Jun 16
PDS' (NSE:PDSL) Upcoming Dividend Will Be Larger Than Last Year's
The board of PDS Limited ( NSE:PDSL ) has announced that it will be paying its dividend of ₹3.15 on the 25th of August...Analysis Article • Jun 12
PDS (NSE:PDSL) Is Reinvesting To Multiply In Value
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Analysis Article • May 04
Investors Interested In PDS Limited's (NSE:PDSL) Earnings
PDS Limited's ( NSE:PDSL ) price-to-earnings (or "P/E") ratio of 37.5x might make it look like a sell right now...Analysis Article • Dec 29
Potential Upside For PDS Limited (NSE:PDSL) Not Without Risk
There wouldn't be many who think PDS Limited's ( NSE:PDSL ) price-to-earnings (or "P/E") ratio of 31.7x is worth a...Analysis Article • Dec 07
Is PDS (NSE:PDSL) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Nov 04
PDS (NSE:PDSL) Is Reducing Its Dividend To ₹1.60
PDS Limited ( NSE:PDSL ) is reducing its dividend from last year's comparable payment to ₹1.60 on the 1st of December...Analysis Article • Oct 07
Returns On Capital Are A Standout For PDS (NSE:PDSL)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Analysis Article • Sep 05
Do PDS' (NSE:PDSL) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jul 24
PDS' (NSE:PDSL) Dividend Will Be Reduced To ₹2.60
PDS Limited's ( NSE:PDSL ) dividend is being reduced from last year's payment covering the same period to ₹2.60 on the...Analysis Article • Jul 10
PDS' (NSE:PDSL) Dividend Is Being Reduced To ₹2.60
PDS Limited's ( NSE:PDSL ) dividend is being reduced from last year's payment covering the same period to ₹2.60 on the...Analysis Article • Jun 23
PDS' (NSE:PDSL) Dividend Is Being Reduced To ₹2.60
PDS Limited's ( NSE:PDSL ) dividend is being reduced from last year's payment covering the same period to ₹2.60 on the...Analysis Article • May 16
PDS' (NSE:PDSL) Dividend Is Being Reduced To ₹2.60
PDS Limited ( NSE:PDSL ) has announced that on 30th of August, it will be paying a dividend of₹2.60, which a reduction...Analysis Article • May 10
With EPS Growth And More, PDS (NSE:PDSL) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2028 | 164,802 | 2,110 | -1,111 | N/A | 1 |
| 3/31/2027 | 149,726 | 1,561 | -254 | N/A | 1 |
| 3/31/2026 | 136,157 | 1,304 | 3,731 | N/A | 1 |
| 12/31/2025 | 131,224 | 1,081 | N/A | N/A | N/A |
| 9/30/2025 | 130,748 | 1,162 | 4,761 | 5,887 | N/A |
| 6/30/2025 | 129,619 | 1,500 | N/A | N/A | N/A |
| 3/31/2025 | 125,836 | 1,569 | -1,805 | -366 | N/A |
| 12/31/2024 | 122,833 | 1,624 | N/A | N/A | N/A |
| 9/30/2024 | 117,382 | 1,521 | -504 | 1,348 | N/A |
| 6/30/2024 | 109,070 | 1,453 | 1,344 | 2,987 | N/A |
| 3/31/2024 | 103,777 | 1,442 | 230 | 1,895 | N/A |
| 12/31/2023 | 99,090 | 1,550 | N/A | N/A | N/A |
| 9/30/2023 | 99,029 | 2,180 | 2,007 | 4,346 | N/A |
| 6/30/2023 | 103,583 | 2,468 | N/A | N/A | N/A |
| 3/31/2023 | 105,829 | 2,650 | 4,506 | 5,099 | N/A |
| 12/31/2022 | 106,468 | 2,855 | N/A | N/A | N/A |
| 9/30/2022 | 103,047 | 2,738 | 4,763 | 5,211 | N/A |
| 6/30/2022 | 95,324 | 2,315 | N/A | N/A | N/A |
| 3/31/2022 | 88,405 | 2,484 | 3,629 | 4,073 | N/A |
| 12/31/2021 | 78,777 | 2,316 | N/A | N/A | N/A |
| 9/30/2021 | 72,734 | 1,989 | 943 | 1,095 | N/A |
| 6/30/2021 | 69,272 | 1,432 | N/A | N/A | N/A |
| 3/31/2021 | 62,358 | 843 | 3,528 | 3,793 | N/A |
| 12/31/2020 | 64,662 | 409 | N/A | N/A | N/A |
| 9/30/2020 | 62,922 | 183 | N/A | N/A | N/A |
| 6/30/2020 | 61,138 | 298 | N/A | N/A | N/A |
| 3/31/2020 | 66,686 | 460 | 2,250 | 2,808 | N/A |
| 12/31/2019 | 67,535 | 634 | N/A | N/A | N/A |
| 9/30/2019 | 67,949 | 660 | N/A | 3,940 | N/A |
| 6/30/2019 | 67,246 | 608 | N/A | N/A | N/A |
| 3/31/2019 | 65,005 | 438 | N/A | 2,131 | N/A |
| 12/31/2018 | 59,239 | 221 | N/A | N/A | N/A |
| 9/30/2018 | 55,824 | 36 | N/A | N/A | N/A |
| 6/30/2018 | 52,277 | -25 | N/A | N/A | N/A |
| 3/31/2018 | 49,395 | -78 | N/A | 583 | N/A |
| 12/31/2017 | 47,864 | -179 | N/A | N/A | N/A |
| 9/30/2017 | 47,010 | -89 | N/A | N/A | N/A |
| 6/30/2017 | 46,529 | 55 | N/A | N/A | N/A |
| 3/31/2017 | 46,304 | 143 | N/A | 1,210 | N/A |
| 12/31/2016 | 44,758 | 354 | N/A | N/A | N/A |
| 9/30/2016 | 44,399 | 333 | N/A | N/A | N/A |
| 6/30/2016 | 43,364 | 280 | N/A | N/A | N/A |
| 3/31/2016 | 42,849 | 279 | N/A | 1,208 | N/A |
| 12/31/2015 | 41,872 | 262 | N/A | N/A | N/A |
| 6/30/2015 | 39,638 | 246 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PDSL's forecast earnings growth (28.1% per year) is above the savings rate (6.9%).
Earnings vs Market: PDSL's earnings (28.1% per year) are forecast to grow faster than the Indian market (16.6% per year).
High Growth Earnings: PDSL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PDSL's revenue (10.1% per year) is forecast to grow slower than the Indian market (10.8% per year).
High Growth Revenue: PDSL's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PDSL's Return on Equity is forecast to be low in 3 years time (7.8%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/16 19:08 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PDS Limited is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kameswari V. S. Chavali | FirstCall Research |
| Apoorva Bahadur | Investec Bank plc (UK) |
| Ashutosh Somani | JM Financial Institutional Securities Limited |