Khadim India Limited (KHADIM) AI Stock Analysis

• Market Cap: ₹1.56B
• Dividend Yield: N/A
• Average Volume (3M): 1.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: -26.54%
• EPS Growth: -21.93%
• Country: IN
• Employees: 780
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.10
• Shares Outstanding: 18,378,382
• 10 Day Avg. Volume: 1,869
• 30 Day Avg. Volume: 1,279
• PEG Ratio: -1.39
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 2.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: ₹86.00 ▼(-50.69% Downside)
• Action: Reiterated Date: 03/28/26
• Date: Action: Reiterated 03/28/26

Overall score reflects mixed financial performance (improving cost control and cash generation, but low net profitability and meaningful leverage) offset by very weak technicals (price far below key moving averages with negative MACD and very low RSI). Valuation metrics add limited support due to a negative P/E and no dividend yield data.

Positive Factors

Improving gross and operating margins

Improved gross margins and recovering EBIT/EBITDA indicate better cost control and operational leverage. These margin trends, if sustained, support stronger cash generation and resilience to cost shocks, enabling reinvestment in stores, product and digital channels over months.

Negative Factors

Sharp revenue decline in 2025

A nearly 39% reported revenue contraction in 2025 signals demand or execution issues that impair scale economics. Sustained top-line weakness can erode fixed-cost absorption, pressure margins, and limit the firm's ability to invest in stores and digital, making recovery and growth more challenging.

Khadim India Limited Business Overview & Revenue Model

Company Description

Khadim India Limited manufactures, wholesales, and retails footwear primarily under the Khadim's brand. It also provides footwear and leather accessories for men, women, and children under the British Walkers, Lazard, Turk, Adrianna, Bonito, Pro, ...

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Khadim India Limited manufactures, wholesales, and retails footwear primarily under the Khadim's brand. It also provides footwear and leather accessories for men, women, and children under the British Walkers, Lazard, Turk, Adrianna, Bonito, Pro, ...

How the Company Makes Money

Khadim India Limited primarily makes money by selling footwear and accessories to end consumers through its distribution channels. Its key revenue streams are (1) retail sales through company-operated branded stores, where it earns revenue from th...

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Khadim India Limited primarily makes money by selling footwear and accessories to end consumers through its distribution channels. Its key revenue streams are (1) retail sales through company-operated branded stores, where it earns revenue from th...

Khadim India Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.51B	4.18B	6.15B	6.60B	5.91B	6.26B
Gross Profit	1.80B	2.27B	2.59B	1.24B	875.02M	1.52B
EBITDA	689.37M	768.81M	832.72M	922.15M	654.64M	228.82M
Net Income	46.03M	50.60M	62.78M	174.78M	64.38M	-329.44M
Balance Sheet
Total Assets	5.76B	7.61B	7.32B	7.35B	6.51B	6.30B
Cash, Cash Equivalents and Short-Term Investments	119.92M	81.26M	55.48M	64.30M	31.13M	12.46M
Total Debt	2.55B	2.95B	3.21B	3.10B	2.42B	2.44B
Total Liabilities	4.10B	5.10B	4.92B	5.10B	4.44B	4.30B
Stockholders Equity	1.66B	2.51B	2.40B	2.25B	2.08B	2.01B
Cash Flow
Free Cash Flow	-17.94M	551.27M	410.37M	243.61M	223.36M	444.17M
Operating Cash Flow	6.54M	670.68M	514.56M	393.77M	306.12M	478.33M
Investing Cash Flow	-14.37M	-88.78M	-95.30M	198.73M	-138.29M	-20.67M
Financing Cash Flow	-162.58M	-415.31M	-505.10M	-627.98M	-417.83M	-445.37M

Khadim India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 174.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KHADIM, the sentiment is Negative. The current price of 174.4 is above the 20-day moving average (MA) of 94.86, above the 50-day MA of 129.11, and below the 200-day MA of 209.25, indicating a bearish trend. The MACD of -13.27 indicates Negative momentum. The RSI at 31.64 is Neutral, neither overbought nor oversold. The STOCH value of 33.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KHADIM.

Khadim India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LGBBROSLTD	76 Outperform	₹54.26B	16.13	―	1.07%	14.37%	12.68%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BATAINDIA	56 Neutral	₹85.68B	45.84	―	0.95%	-0.95%	-50.96%
RELAXO	55 Neutral	₹68.01B	94.83	―	0.75%	-8.39%	-3.74%
KHADIM	54 Neutral	₹1.56B	-490.53	―	―	-26.54%	-21.93%
LANDMARK	51 Neutral	₹16.99B	34.51	―	0.10%	27.97%	-35.12%

Khadim India Limited Corporate Events