PDS Ltd: Key Growth Drivers

PDS has entered H2CY26 with a strong ₹5,074 crore order book, up 11% YoY, providing healthy revenue visibility. The company is also expanding its North American sourcing business through a major new retail contract while benefiting from improving operating leverage and a lean balance sheet. With an industry-leading 4-day working capital cycle, significantly lower net debt, and the ongoing China Plus One sourcing shift, PDS remains well-positioned to capitalize on global supply chain diversification.