Khadim India Limited (IN:KHADIM)
:KHADIM
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Khadim India Limited
(KHADIM)
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Rating:45Neutral
Price Target:
₹104.00
▼(-40.37% Downside)
Action:Reiterated
Date:05/24/26
The score is weighed down primarily by weakening financial performance (shrinking revenue, thin profitability, and high leverage) and a weak/low-visibility valuation signal from the negative P/E. Technicals are mixed, offering only limited support due to a still-depressed longer-term trend despite neutral momentum.
Positive Factors
Multi-channel retail model
Khadim operates a multi-channel distribution network (company-owned stores, franchises, third-party retailers and online). This diversified sales footprint is structurally durable: franchise outlets offer capital-light expansion while company stores capture full retail margin, lowering single-channel concentration risk over months.
Negative Factors
Sustained revenue decline
Revenue has contracted for multiple years with a pronounced decline in 2026. Persistent top-line shrinkage erodes scale economics, reduces gross-profit leverage, weakens franchise and supplier economics, and limits the company's ability to invest in brand, inventory or store productivity over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-channel retail model
Khadim operates a multi-channel distribution network (company-owned stores, franchises, third-party retailers and online). This diversified sales footprint is structurally durable: franchise outlets offer capital-light expansion while company stores capture full retail margin, lowering single-channel concentration risk over months.
Read all positive factors
Khadim India Limited (KHADIM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.97B
Dividend YieldN/A
Average Volume (3M)1.28K
Price to Earnings (P/E)64.2
Beta (1Y)1.44
Revenue Growth-35.42%
EPS Growth-38.83%
CountryIN
Employees780
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)4.96
Shares Outstanding18,378,382
10 Day Avg. Volume1,869
30 Day Avg. Volume1,279
Financial Highlights & Ratios
PEG Ratio-1.20
Price to Book (P/B)0.86
Price to Sales (P/S)0.39
P/FCF Ratio60.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Khadim India Limited Business Overview & Revenue Model
Company Description
Khadim India Limited is primarily engaged in the manufacturing, wholesale distribution, and retail sales of footwear, largely marketed under its flagship Khadim's brand. Beyond its core offerings, the company provides a wide array of footwear and ...
How the Company Makes Money
Khadim India Limited makes money primarily by selling footwear and footwear-related products to end customers and through channel partners. Its key revenue stream is retail sales generated via its network of physical outlets, including company-own...
Khadim India Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
42
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.51B | 3.67B | 4.18B | 6.15B | 6.60B | 5.91B |
| Gross Profit | 1.80B | 1.05B | 2.27B | 2.59B | 1.24B | 875.02M |
| EBITDA | 689.37M | 490.65M | 768.81M | 832.72M | 922.15M | 654.64M |
| Net Income | 46.03M | 30.99M | 50.60M | 62.78M | 174.78M | 64.38M |
Balance Sheet | ||||||
| Total Assets | 5.76B | 5.47B | 7.61B | 7.32B | 7.35B | 6.51B |
| Cash, Cash Equivalents and Short-Term Investments | 119.92M | 103.79M | 81.26M | 55.48M | 64.30M | 31.13M |
| Total Debt | 2.55B | 2.49B | 2.95B | 3.21B | 3.10B | 2.42B |
| Total Liabilities | 4.10B | 3.80B | 5.10B | 4.92B | 5.10B | 4.44B |
| Stockholders Equity | 1.66B | 1.67B | 2.51B | 2.40B | 2.25B | 2.08B |
Cash Flow | ||||||
| Free Cash Flow | -17.94M | 23.77M | 551.27M | 410.37M | 243.61M | 223.36M |
| Operating Cash Flow | 6.54M | 119.86M | 670.68M | 514.56M | 393.77M | 306.12M |
| Investing Cash Flow | -14.37M | -96.53M | -88.78M | -95.30M | 198.73M | -138.29M |
| Financing Cash Flow | -162.58M | -282.83M | -415.31M | -505.10M | -627.98M | -417.83M |
Khadim India Limited Technical Analysis
Positive
174.40
Price Trends
102.19
Positive
117.32
Negative
169.66
Negative
Market Momentum
-0.43
Negative
56.82
Neutral
84.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KHADIM, the sentiment is Positive. The current price of 174.4 is above the 20-day moving average (MA) of 102.65, above the 50-day MA of 102.19, and above the 200-day MA of 169.66, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 56.82 is Neutral, neither overbought nor oversold. The STOCH value of 84.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KHADIM.
Khadim India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹87.18B | 50.55 | ― | 0.75% | -3.13% | 5.27% | |
63 Neutral | ₹273.92B | 67.74 | ― | 1.48% | 14.21% | 17.13% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ₹71.19B | 47.42 | ― | 0.39% | 11.37% | 23.68% | |
56 Neutral | ₹87.28B | 65.66 | ― | 0.95% | 0.77% | -59.42% | |
51 Neutral | ₹4.04B | 36.49 | ― | ― | 9.55% | -17.22% | |
45 Neutral | ₹1.97B | 64.25 | ― | ― | -35.42% | -38.83% |
* Consumer Cyclical Sector Average
IN:KHADIM
Khadim India Limited
108.50
-161.15
-59.76%
IN:BATAINDIA
Bata India Ltd
678.25
-523.96
-43.58%
IN:CAMPUS
Campus Activewear Ltd.
232.10
-49.14
-17.47%
IN:LIBERTSHOE
Liberty Shoes Limited
242.20
-167.85
-40.93%
IN:METROBRAND
Metro Brands Ltd.
1,022.20
-151.62
-12.92%
IN:RELAXO
Relaxo Footwears Limited
365.55
-50.32
-12.10%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.