PDS (NSE:PDSL) Gross Margin %: 20.42% (As of Mar. 2026) — 42% Above Median


NSE:PDSL PDS Ltd NSE:PDSL
75 GF Score
Price ₹366.65
GF Value ₹475.93
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is PDS Gross Margin %?

PDS NSE:PDSL -0.62% 75 Gross Margin % is 20.42% as of Mar. 2026, which is 42% above its 10-year median of 14.36. GuruFocus rates NSE:PDSL with a GF Score™ of 75/100 and a GF Value™ of ₹475.93 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,007 Business Services companies, PDS ranks worse than 76.07% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. PDS's Gross Profit for the three months ended in Mar. 2026 was ₹7,186 Mil. PDS's Revenue for the three months ended in Mar. 2026 was ₹35,190 Mil. Therefore, PDS's Gross Margin % for the quarter that ended in Mar. 2026 was 20.42%.


The historical rank and industry rank for PDS's Gross Margin % or its related term are showing as below:

NSE:PDSL' s Gross Margin % Range Over the Past 10 Years
Min: 12.14   Med: 14.36   Max: 20.6
Current: 20.6


During the past 13 years, the highest Gross Margin % of PDS was 20.60%. The lowest was 12.14%. And the median was 14.36%.

NSE:PDSL's Gross Margin % is ranked worse than
76.07% of 1007 companies
in the Business Services industry
Industry Median: 34.5 vs NSE:PDSL: 20.60

PDS had a gross margin of 20.42% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for PDS was 9.50% per year.


PDS  (NSE:PDSL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

PDS had a gross margin of 20.42% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


PDS Gross Margin % Related Terms


PDS Gross Margin % Historical Data

* Premium members only.

The historical data trend for PDS's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PDS Gross Margin % Chart

PDS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.26 14.46 16.56 20.12 20.60

PDS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.88 19.41 19.89 22.68 20.42

NSE:PDSL vs CTAS, CPRT, ULS: Gross Margin % Comparison

For the Specialty Business Services subindustry, PDS's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PDS Gross Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, PDS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PDS's Gross Margin % falls into.


NSE:PDSL
75GF Score
PDS Ltd NSE:PDSL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PDS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

PDS's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=27005 / 131100.817
=(Revenue - Cost of Goods Sold) / Revenue
=(131100.817 - 104095.853) / 131100.817
=20.60 %

PDS's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=7186.4 / 35190.284
=(Revenue - Cost of Goods Sold) / Revenue
=(35190.284 - 28003.876) / 35190.284
=20.42 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 20.42% mean?
PDS (NSE:PDSL) has a Gross Margin % of 20.42% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PDS and its competitors. This is 42% above median its historical median of 14.36. Over the past decade, PDS's Gross Margin % has ranged from 12.14 to 20.60. According to the industry distribution chart, PDS ranks #766 out of 1007 companies in the Business Services industry, placing it in the top 76.1%.
Is PDS's Gross Margin % too high?
PDS's current Gross Margin % of 20.42% is 42% above median its 10-year median of 14.36. Over the past 10 years, this metric has ranged from a low of 12.14 to a high of 20.60. The Business Services industry median Gross Margin % is 34.50. PDS's value of 20.42% is 40.8% below this industry median. Based on the distribution chart, PDS ranks #766 out of 1007 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PDS has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDS's Gross Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PDS ranks #766 out of 1007 companies for Gross Margin %. This places PDS in the lower half of its industry. The industry median Gross Margin % is 34.50. PDS's value of 20.42% is 40.8% below this benchmark. Historically, PDS's own Gross Margin % has ranged from 12.14 to 20.60 over the past decade. While the company's 10-year median is 14.36 vs. the industry median of 34.50, PDS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Business Services company?
The median Gross Margin % among Business Services companies is 34.50, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PDS's current Gross Margin % of 20.42% is 40.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on PDS and its competitors. For the Business Services industry, the median Gross Margin % is 34.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDS's current Gross Margin % is 20.42%, which is 42% above median its own 10-year median of 14.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PDS stock overvalued right now?
Based on GuruFocus' analysis, PDS (NSE:PDSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹475.93, compared to a current price of ₹366.65 — trading 23% below its estimated fair value. The current Gross Margin % is 20.42%, which is 42% above median its 10-year median of 14.36 and 40.8% below the Business Services industry median of 34.50. PDS's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For PDS (NSE:PDSL), the current Gross Margin % is 20.42% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PDS (NSE:PDSL) Overvalued in 2026?

Based on GuruFocus' analysis, PDS stock appears to be undervalued. The current stock price of ₹366.65 is trading 23% below its estimated GF Value™ of ₹475.93. GuruFocus considers PDS to be Modestly Undervalued.

Key valuation signals for NSE:PDSL:

  • Gross Margin %: 20.42% (42% above median its 10-year median of 14.36)
  • GF Value™: ₹475.93 vs. price of ₹366.65 (23% below fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 40.8% below the Business Services median (#766 of 1007)

No single metric tells the full story. See the NSE:PDSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PDS Business Description

Other Exchanges 538730:India
Address Andheri Ghatkopar Link Road, Unit No. 971, Solitaire Corporate Park, Andheri (East), Mumbai, MH, IND, 400093
PDS Ltd is engaged in the trading of ready-to-wear apparel, providing services to group companies engaged in the export of ready-to-wear apparel and sourcing and distribution of their products. The company is also engaged in the business of holding, owning, leasing, or licensing real estate. It has three reporting segments: Sourcing, Manufacturing, PDS Ventures, and Others. The company generates maximum revenue from the Sourcing segment. Geographically, the company generates maximum revenue from its customers in the UK and Europe and the rest from North America, Asia and Middle East, India, and other regions.
75GF Score

Get the complete analysis for NSE:PDSL

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹366.65
Price
₹475.93
GF Value