As of 6 Nov 2026, Khadim India trades at 81.3× trailing earnings, above the industry P/E of 35.5×, and the shares are 49% below their 52-week high. It earns ROCE of 11% and ROE of 1.5%, and sales and net profit fell 17% and 44% a year over 3 years. Debt is 1.49× equity. It is a small-cap company with a market cap of ₹226 Cr, ranked 13th of 27 Footwear & Accessories companies by market cap; the shares fell 47% over the past year.
- ₹128.00
- ₹128.00
- ₹122.40
- ₹128.33
- 52.3K
Health check
- ReturnsBehind
−47.5% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 81.3 vs industry 35.5.
- GrowthShrinking
Sales −17.3%, profit −43.8% a year over 3 years.
- ProfitabilityWeak
ROCE 10.7% vs peer median 15.5%.
- Balance sheetStretched
Debt 1.49× equity, interest covered 1.2×, Piotroski 5 of 9.
- Red flags5 to check
Return on equity is low at 1.5%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹226 Cr
- Small cap
- P/E
- 81.3
- Industry 35.5
- Price to book
- 1.35
- Peers 6.00
- Dividend yield
- 0.00%
- ROE
- 1.5%
- Peers 10.9%
- ROCE
- 10.7%
- Peers 15.5%
- Debt to equity
- 1.49
- Debt ₹249 Cr
- EPS (TTM)
- ₹1.51
- Face value ₹10
- OPM (TTM)
- 12.7%
- Net margin 0.8%
- Sales growth
- −18.7%
- Latest quarter vs a year ago
- Profit growth
- −38.7%
- Latest quarter vs a year ago
- Price to sales
- 0.65
- EV/EBITDA 10.6
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 1.5%.
- Quarterly profit down 38.7% on a year ago.
- Quarterly sales down 18.7% on a year ago.
- P/E of 81.3 against an industry P/E of 35.5.
- 49% below its 52-week high.
About Khadim India
Khadim India Limited retails footwear and accessories in India and internationally. The company offers a range of footwear and accessories for men, women, and children including formal, casual, sports, school, sandals and floaters, slippers and flip-flops, flats, and heels; accessories that include backpack, crossbody bag, handbag, laptop bag, portfolio bag, school and sling bags, wallet, and belt; athleisure, such as t-shirt, shorts, and track pants; and…
- Headquarters
- Kolkata
- Employees
- 496
- Sector
- Consumer Cyclical
- ISIN
- INE834I01025
- Website
- khadims.com
Price range
- Avg volume (3M)
- 52.8K
- 1-year return
- minus 47.5%
- From 52-week high
- minus 49.3%
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| KHADIMKhadim India | 122.73 | minus 4.36% | 226 | 81.3 | 1.35 | 10.7% | 1.5% | 12.7% | −17.3% | −43.8% | 0.00% | minus 47.5% |
| Median of 7 peers | – | −0.91% | 6,052 | 39.5 | 6.00 | 15.5% | 10.9% | 9.6% | 6.1% | 6.9% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 95.7 | 102 | 86.2 | 83.6 | 77.8 | |
| 83.4 | 87.8 | 75.2 | 71.7 | 70 | |
| 12.3 | 13.8 | 11.1 | 11.8 | 7.8 | |
| 12.9% | 13.6% | 12.8% | 14.2% | 10.1% | |
| 2.5 | 1.9 | 3.8 | 2.7 | 5.8 | |
| 6.6 | 6.7 | 6.5 | 6.5 | 6.4 | |
| 6.8 | 6.7 | 6.8 | 6.6 | 6.6 | |
| – | – | −1.8 | – | – | |
| 1.5 | 2.2 | −0.2 | 1.5 | 0.7 | |
| 42.2% | 25.6% | 6.8% | 48.2% | 26.2% | |
| 0.9 | 1.7 | −0.2 | 0.8 | 0.5 | |
| 0.46 | 0.91 | -0.09 | 0.41 | 0.28 |
Profit & loss
- Sales CAGR 3Y
- −17.3%
- Profit CAGR 3Y
- −43.8%
- EPS CAGR 3Y
- −44.2%
- ROE
- 1.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 649 | 422 | 414 | 367 | |
| – | minus 35.0% | minus 2.0% | minus 11.4% | |
| 573 | 332 | 331 | 313 | |
| 76.3 | 89.7 | 83.1 | 53.8 | |
| 11.7% | 21.3% | 20.1% | 14.7% | |
| 8.9 | 5.7 | 5.9 | 6.8 | |
| 29.1 | 25.7 | 24.9 | 26.2 | |
| 38.4 | 40.4 | 40.5 | 26.8 | |
| 4.8 | −2.1 | −1.7 | −2.6 | |
| 22.5 | 27.2 | 21.9 | 5 | |
| 22.5% | 14.3% | 12.0% | 37.8% | |
| 17.5 | 6.3 | 5.1 | 3.1 | |
| – | minus 64.1% | minus 19.4% | minus 38.8% | |
| 9.73 | 3.49 | 2.76 | 1.69 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18 | 18.1 | 18.4 | 18.4 | |
| 207 | 221 | 233 | 149 | |
| 310 | 321 | 295 | 249 | |
| 200 | 171 | 214 | 130 | |
| 735 | 732 | 761 | 547 | |
| 244 | 245 | 227 | 156 | |
| 0.8 | 2 | 1.8 | 2.3 | |
| 0.7 | 0.5 | – | 0.5 | |
| 6.4 | 5.5 | 8.1 | 1.8 | |
| 483 | 479 | 524 | 386 | |
| 735 | 732 | 761 | 547 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39.4 | 51.5 | 67.1 | 25.7 | |
| 19.9 | −9.5 | −8.9 | −9 | |
| −62.8 | −50.5 | −41.5 | −42.7 | |
| −3.5 | −8.6 | 16.7 | −26 | |
| −15 | −10.4 | −11.9 | −9.6 | |
| 24.4 | 41 | 55.1 | 16.1 |
Shareholding pattern
- Promoters59.89%
- Public40.11%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.89% | 40.11% | 0.00 | |
| 30 Jun 2026 | 59.89% | 40.11% | plus 0.02 | |
| 31 Mar 2026 | 59.87% | 40.13% | plus 0.02 | |
| 31 Dec 2025 | 59.85% | 40.15% | 0.00 | |
| 30 Sep 2025 | 59.85% | 40.15% | – |
Major shareholders
Filings & events
News
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