Khadim India Ltd

About [ edit ]

Khadim’s, established in 1981 as S.N. Footwear Industries Private Limited was involved in the whole-selling and distribution of branded basic utility footwear. From 1993, it forayed into retailing and emerged as a popular fashion footwear brand. Its business objective is ‘Fashion for Everyone’, and it has an identity as an ‘affordable fashion brand. #

Key Points [ edit ]
  • Market Cap 528 Cr.
  • Current Price 294
  • High / Low 359 / 99.6
  • Stock P/E
  • Book Value 112
  • Dividend Yield 0.00 %
  • ROCE -3.69 %
  • ROE -15.2 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.63 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.22% over past five years.
  • Company has a low return on equity of -5.58% for last 3 years.
  • Earnings include an other income of Rs.18.08 Cr.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
190 226 176 207 216 223 175 158 60 122 174 270
173 208 164 197 196 207 171 167 75 133 159 256
Operating Profit 17 19 12 9 20 15 3 -8 -14 -12 15 14
OPM % 9% 8% 7% 4% 9% 7% 2% -5% -24% -10% 9% 5%
Other Income 2 2 2 1 2 2 1 2 4 7 4 4
Interest 2 3 3 3 6 7 8 8 6 7 6 6
Depreciation 4 5 5 5 10 10 11 11 10 10 10 9
Profit before tax 12 13 6 2 5 0 -14 -25 -27 -22 4 2
Tax % 36% 35% 36% 44% 36% 1,482% 6% 22% -2% 3% -27% -371%
Net Profit 7 9 4 1 3 -2 -13 -20 -28 -21 4 12
EPS in Rs 4.12 4.78 2.21 0.67 1.86 -0.85 -7.35 -11.05 -15.45 -11.76 2.47 6.43

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
359 460 535 611 749 799 772 626
321 446 482 544 671 740 737 623
Operating Profit 38 14 53 67 77 59 35 3
OPM % 11% 3% 10% 11% 10% 7% 5% 1%
Other Income 3 6 4 4 9 6 6 18
Interest 17 19 15 15 14 14 33 25
Depreciation 7 19 16 16 16 18 42 39
Profit before tax 17 -19 26 41 57 33 -34 -43
Tax % 34% 2% 2% 24% 33% 36% 8% 24%
Net Profit 11 -19 25 31 38 21 -31 -33
EPS in Rs 9.04 -10.79 14.59 17.71 21.10 11.78 -17.37 -18.32
Dividend Payout % 11% 0% 0% 0% 5% 8% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:-6%
TTM:-19%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-9%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-28%
1 Year:170%
Return on Equity
10 Years:%
5 Years:2%
3 Years:-6%
Last Year:-15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
12 17 17 17 18 18 18 18
Reserves 84 112 137 167 251 270 216 183
Borrowings 163 133 114 109 68 109 287 240
91 83 84 112 153 153 178 190
Total Liabilities 350 346 352 405 490 550 698 630
123 149 144 121 126 132 277 230
CWIP 23 2 1 3 1 2 1 1
Investments 3 0 1 0 0 0 0 0
201 195 207 281 362 416 421 400
Total Assets 350 346 352 405 490 550 698 630

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
50 50 31 14 -11 57 48
-11 -11 -19 -6 -15 -15 -2
-34 -34 -13 40 -17 -26 -45
Net Cash Flow 5 5 -1 48 -43 16 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 15% 20% 22% 13% -0% -4%
Debtor Days 16 19 24 46 62 61 56 70
Inventory Turnover 3.22 3.56 3.97 3.64 3.14 2.87

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
59.70 59.68 59.73 59.73 60.28 60.29 60.83 60.83 60.87 60.98 61.07 61.07
5.55 5.51 2.77 2.41 0.15 0.04 0.04 0.04 0.04 0.04 0.04 0.00
24.83 28.48 30.68 30.96 31.60 28.91 25.93 20.19 19.53 15.53 15.25 14.63
9.92 6.33 6.83 6.91 7.97 10.76 13.20 18.93 19.56 23.45 23.64 24.29

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