Want to see IN:KHADIM full AI Analyst Report?
Top Page
Khadim India Limited
(KHADIM)
Select Model
Select Model
Rating:46Neutral
Price Target:
₹116.00
▼(-33.49% Downside)
Action:Reiterated
Date:08/24/26
The score is held down primarily by weakening financial fundamentals (multi-year revenue decline, very thin profitability, and elevated leverage despite historically positive cash flow) and an expensive valuation (high P/E with no dividend yield support). Technicals are neutral-to-weak, with the price below key longer-term moving averages and a negative MACD.
Positive Factors
Multi-channel footwear business
Khadim combines branded retail, trade distribution, and online sales across men’s, women’s, and children’s footwear. This channel and category breadth can support market reach and reduce dependence on one route to customers.
Negative Factors
Multi-year revenue contraction
Persistent revenue contraction signals weakening demand, distribution productivity, or competitive positioning in the value footwear market. A smaller sales base can reduce purchasing scale and operating leverage, making sustained earnings recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-channel footwear business
Khadim combines branded retail, trade distribution, and online sales across men’s, women’s, and children’s footwear. This channel and category breadth can support market reach and reduce dependence on one route to customers.
Read all positive factors
Khadim India Limited (KHADIM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.18B
Dividend YieldN/A
Average Volume (3M)1.28K
Price to Earnings (P/E)77.9
Beta (1Y)1.43
Revenue Growth-31.56%
EPS Growth-47.38%
CountryIN
Employees780
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)1.51
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 primarily makes money by selling footwear and related accessories under its brands through multiple distribution channels. The core revenue stream is sale of products via its own exclusive brand outlets (company-operated and, ...
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 | 3.49B | 3.67B | 4.18B | 6.15B | 6.60B | 5.91B |
| Gross Profit | 1.19B | 1.05B | 2.27B | 2.59B | 1.24B | 875.02M |
| EBITDA | 483.93M | 490.65M | 768.81M | 832.72M | 922.15M | 654.64M |
| Net Income | 27.70M | 30.99M | 50.60M | 62.78M | 174.78M | 64.38M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.47B | 7.61B | 7.32B | 7.35B | 6.51B |
| Cash, Cash Equivalents and Short-Term Investments | 103.79M | 103.79M | 81.26M | 55.48M | 64.30M | 31.13M |
| Total Debt | 0.00 | 2.49B | 2.95B | 3.21B | 3.10B | 2.42B |
| Total Liabilities | -1.67B | 3.80B | 5.10B | 4.92B | 5.10B | 4.44B |
| Stockholders Equity | 1.67B | 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
101.21
Positive
102.18
Positive
130.74
Negative
Market Momentum
3.63
Negative
76.45
Negative
97.05
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 99.63, above the 50-day MA of 101.21, and above the 200-day MA of 130.74, indicating a neutral trend. The MACD of 3.63 indicates Negative momentum. The RSI at 76.45 is Negative, neither overbought nor oversold. The STOCH value of 97.05 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹88.86B | 47.82 | ― | 0.74% | 2.11% | 6.00% | |
60 Neutral | ₹255.43B | 62.78 | ― | 2.25% | 15.48% | 13.60% | |
58 Neutral | ₹69.25B | 44.87 | ― | 0.39% | 13.71% | 30.46% | |
57 Neutral | ₹87.60B | 59.92 | ― | 1.31% | 1.91% | -29.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹4.18B | 48.48 | ― | ― | 6.46% | -29.81% | |
46 Neutral | ₹2.18B | 77.90 | ― | ― | -31.56% | -47.38% |
* General Sector Average
IN:KHADIM
Khadim India Limited
118.86
-122.24
-50.70%
IN:BATAINDIA
Bata India Ltd
681.60
-383.04
-35.98%
IN:CAMPUS
Campus Activewear Ltd.
226.55
-36.75
-13.96%
IN:LIBERTSHOE
Liberty Shoes Limited
245.50
-71.85
-22.64%
IN:METROBRAND
Metro Brands Ltd.
937.15
-219.66
-18.99%
IN:RELAXO
Relaxo Footwears Limited
356.95
-134.35
-27.35%
Khadim India Limited Corporate Events
Khadim India Recovers ₹319.7 Million After Winning Punjab Tender Dispute
Aug 26, 2026
Khadim India Limited has resolved a significant contractual dispute with the Samagra Shiksha Abhiyan Authority in Punjab over the supply of school shoes and uniforms under a government tender. Following litigation over withheld receivables and for...
Khadim India Publishes Q1 FY2026 Results in Newspapers, Meets SEBI Norms
Aug 8, 2026
Khadim India Limited has notified the stock exchanges about the publication of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results have been published in the Business Standard in English and...
Khadim India Wins Shareholder Nod for Preferential Issue of Convertible Warrants
Aug 5, 2026
Khadim India Limited has received shareholder approval at an Extraordinary General Meeting held on August 01, 2026 to issue 10,22,727 fully convertible equity share warrants of ₹10 each on a preferential basis. The move follows the company&#...
Khadim India Conducts Virtual Extraordinary General Meeting in Line With SEBI and MCA Norms
Aug 1, 2026
Khadim India Limited held an Extraordinary General Meeting on August 01, 2026 via two-way video conferencing and other audio-visual means, complying with guidance from the Ministry of Corporate Affairs, SEBI and the Companies Act. The virtual form...
Khadim India Files Scrutinizer’s Report on Extraordinary General Meeting Voting
Aug 1, 2026
Khadim India Limited has submitted to the stock exchanges the consolidated scrutinizer’s report for its Extra-ordinary General Meeting held on August 1, 2026 via two-way video conferencing. The report covers remote e-voting conducted before ...
Khadim India Discloses Voting Results of Virtual Extraordinary General Meeting
Aug 1, 2026
Khadim India Limited has reported the voting results of resolutions passed at its Extraordinary General Meeting held on August 01, 2026, conducted via two-way video conferencing and other audio-visual means in compliance with SEBI Listing Regulati...
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.