Buy PDS, target price Rs 780: JM Financial

JM Financial has buy call on PDS with a target price of Rs 780. The current market price of PDS Ltd. is Rs 513.6 .
PDS Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 6842.48 Crore) operating in Miscellaneous sector.

PDS Ltd. key Products/Revenue Segments include Textiles, Sale of services and Rental Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3220.94 Crore, up 24.10 % from last quarter Total Income of Rs 2595.45 Crore and up 17.39 % from last year same quarter Total Income of Rs 2743.79 Crore. Company reported net profit after tax of Rs 60.80 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 65.81 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.71 per cent, DIIs 0.85 per cent.