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Khadim India Limited
(KHADIM)
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Rating:45Neutral
Price Target:
₹92.00
▼(-47.25% 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
Cash generation
Consistent positive operating and free cash flow across reported periods provides durable internal funding for working capital, inventory turns and franchise support. That cash generation capacity supports medium-term operational resilience, selective reinvestment, and options to reduce leverage.
Negative Factors
Revenue contraction
Sustained top-line decline and the marked 2026 revenue drop point to demand erosion or intensified competition. Persistent revenue shrinkage undermines scale economics, reduces margin leverage, constrains reinvestment, and makes profitable growth harder to sustain without a clear turnaround in sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow across reported periods provides durable internal funding for working capital, inventory turns and franchise support. That cash generation capacity supports medium-term operational resilience, selective reinvestment, and options to reduce leverage.
Read all positive factors
Khadim India Limited (KHADIM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.83B
Dividend YieldN/A
Average Volume (3M)1.28K
Price to Earnings (P/E)58.7
Beta (1Y)1.51
Revenue Growth-35.42%
EPS Growth-38.83%
CountryIN
Employees780
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)1.69
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.67B | 4.18B | 6.15B | 6.60B | 5.91B |
| Gross Profit | 1.05B | 2.27B | 2.59B | 1.24B | 875.02M |
| EBITDA | 490.65M | 768.81M | 832.72M | 922.15M | 654.64M |
| Net Income | 30.99M | 50.60M | 62.78M | 174.78M | 64.38M |
Balance Sheet | |||||
| Total Assets | 5.47B | 7.61B | 7.32B | 7.35B | 6.51B |
| Cash, Cash Equivalents and Short-Term Investments | 103.79M | 81.26M | 55.48M | 64.30M | 31.13M |
| Total Debt | 2.49B | 2.95B | 3.21B | 3.10B | 2.42B |
| Total Liabilities | 3.80B | 5.10B | 4.92B | 5.10B | 4.44B |
| Stockholders Equity | 1.67B | 2.51B | 2.40B | 2.25B | 2.08B |
Cash Flow | |||||
| Free Cash Flow | 23.77M | 551.27M | 410.37M | 243.61M | 223.36M |
| Operating Cash Flow | 119.86M | 670.68M | 514.56M | 393.77M | 306.12M |
| Investing Cash Flow | -96.53M | -88.78M | -95.30M | 198.73M | -138.29M |
| Financing Cash Flow | -282.83M | -415.31M | -505.10M | -627.98M | -417.83M |
Khadim India Limited Technical Analysis
Negative
174.40
Price Trends
105.09
Negative
104.63
Negative
154.06
Negative
Market Momentum
-1.81
Positive
43.03
Neutral
17.65
Positive
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 105.42, above the 50-day MA of 105.09, and above the 200-day MA of 154.06, indicating a bearish trend. The MACD of -1.81 indicates Positive momentum. The RSI at 43.03 is Neutral, neither overbought nor oversold. The STOCH value of 17.65 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹109.46B | 61.02 | ― | 0.75% | -3.13% | 5.27% | |
63 Neutral | ₹291.93B | 70.95 | ― | 1.48% | 14.21% | 17.13% | |
59 Neutral | ₹72.24B | 48.06 | ― | 0.39% | 11.37% | 23.68% | |
57 Neutral | ₹89.13B | 66.42 | ― | 0.95% | 0.77% | -59.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹4.67B | 41.90 | ― | ― | 9.55% | -17.22% | |
45 Neutral | ₹1.83B | 58.72 | ― | ― | -35.42% | -38.83% |
* General Sector Average
IN:KHADIM
Khadim India Limited
99.50
-192.45
-65.92%
IN:BATAINDIA
Bata India Ltd
693.50
-506.77
-42.22%
IN:CAMPUS
Campus Activewear Ltd.
236.35
-58.42
-19.82%
IN:LIBERTSHOE
Liberty Shoes Limited
273.90
-107.05
-28.10%
IN:METROBRAND
Metro Brands Ltd.
1,071.05
-130.93
-10.89%
IN:RELAXO
Relaxo Footwears Limited
439.70
-54.77
-11.08%
Khadim India Limited Corporate Events
Khadim India Publishes EGM Notice, Plans Virtual Shareholder Meet on August 1
Jul 11, 2026
Khadim India Limited has announced that it has published newspaper advertisements in English and Bengali regarding an upcoming Extra-ordinary General Meeting of its shareholders. The meeting is scheduled for August 1, 2026, and will be held via vi...
Khadim India Board Clears Change to Capital Pricing Rules in Articles of Association
Jul 2, 2026
Khadim India Limited’s Board of Directors has approved an alteration to the company’s Articles of Association, specifically modifying the clause governing price determination for any future issue of capital. This governance change, whi...
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.