Multibagger alert: Do you own this stock that skyrocketed over 300 per cent in one year?

PDS Multinational Fashions Ltd operates an integrated design-led platform, offering product development, sourcing, virtual manufacturing, and distribution for major brands & retailers worldwide.

The share price of PDS Multinational Fashions is soaring high like an eagle. It hit a 52-week high of Rs 1,311 on BSE, gaining over 5 per cent today. It has furnished stellar returns of 347 per cent over the last one year. This phenomenal performance is mirrored over varied time horizons in 2021 as well. 

Let’s delve deeper in order to understand the rally in PDS Multinational Fashions Limited. 

PDS Multinational Fashions Ltd operates an integrated design-led platform, offering product development, sourcing, virtual manufacturing, and distribution for major brands & retailers worldwide. The company operates a vast global network, covering 50 offices, 22 countries, and over 3,000 employees along with 5,000 associates & factory workers worldwide. 

The company posted consolidated revenue of Rs 6,213 crore in FY21, an increase of 1.3 times over the last five years. Net profits have increased at a 5-year CAGR of 40 per cent, with a RoCE of 22 per cent. Notwithstanding the business disruptions caused due to COVID-19 pandemic, the company is taking steps all the necessary steps to minimise the impact and ensuring the safety & well-being of its employees, business partners, and communities. 

The company recently announced that it has onboarded a team of eight, led by Russell Wyeth, focussing on young fashion print & fast fashion. Russell brings 30 years of experience, supplying to the UK High Street & digital retailers. 

Russell is joined by Anna Wallace (Merchandise Director), Kate Coates (Commercial Director) and Lisa James (Design Director). The team will focus on young fashion print across various categories such as t-shirts, jerseys, shorts, jackets & swimwear shorts, catering to offline as well as online channels. Along with focussing on adding new customers in the UK and Europe regions, the team will also collaborate with the company’s existing teams in Turkey to provide young fashion print for the company's fast-fashion customers. 

PDS Multinational Fashions also reported that it has completed the acquisition of a 100 per cent equity stake in PDS Brands Private Limited, i.e. 10,000 equity shares at the face value of Rs 10 each on July 28, 2021. 

PDS Brands Private Limited has been incorporated under the Indian Companies Act 2013 and is engaged in the business of manufacturers, traders, agents, wholesalers, retailers, and e-commerce in dealing all kinds of readymade garments. 

Do keep a close eye on this story!