Khadim India Ltd
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. [1]
- Market Cap ₹ 401 Cr.
- Current Price ₹ 223
- High / Low ₹ 334 / 172
- Stock P/E 22.9
- Book Value ₹ 125
- Dividend Yield 0.00 %
- ROCE 10.5 %
- ROE 8.09 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.48% over past five years.
- Company has a low return on equity of -0.79% over last 3 years.
- Debtor days have increased from 85.4 to 104 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Leather Industry: Leather / Leather Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
359 | 460 | 535 | 611 | 749 | 799 | 772 | 626 | 591 | 660 | |
321 | 448 | 482 | 544 | 670 | 740 | 737 | 619 | 540 | 588 | |
Operating Profit | 38 | 12 | 53 | 67 | 79 | 59 | 35 | 7 | 51 | 73 |
OPM % | 11% | 3% | 10% | 11% | 10% | 7% | 5% | 1% | 9% | 11% |
3 | 7 | 4 | 4 | 8 | 6 | 6 | 16 | 14 | 17 | |
Interest | 17 | 19 | 15 | 15 | 14 | 14 | 33 | 27 | 24 | 29 |
Depreciation | 7 | 19 | 16 | 16 | 16 | 18 | 42 | 39 | 34 | 38 |
Profit before tax | 17 | -19 | 26 | 41 | 57 | 33 | -34 | -43 | 8 | 23 |
Tax % | 34% | 2% | 2% | 24% | 33% | 36% | 8% | 24% | 17% | 22% |
Net Profit | 11 | -19 | 25 | 31 | 38 | 21 | -31 | -33 | 6 | 18 |
EPS in Rs | 9.04 | -10.79 | 14.59 | 17.71 | 21.10 | 11.78 | -17.37 | -18.32 | 3.59 | 9.74 |
Dividend Payout % | 11% | 0% | 0% | 0% | 5% | 8% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | -5% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -14% |
3 Years: | 37% |
TTM: | 114% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -23% |
3 Years: | 15% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -1% |
3 Years: | -1% |
Last Year: | 8% |
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
12 | 17 | 17 | 17 | 18 | 18 | 18 | 18 | 18 | 18 | |
Reserves | 84 | 112 | 137 | 167 | 251 | 270 | 216 | 183 | 190 | 207 |
163 | 133 | 114 | 109 | 68 | 109 | 287 | 244 | 242 | 310 | |
91 | 83 | 84 | 112 | 153 | 153 | 178 | 185 | 201 | 200 | |
Total Liabilities | 350 | 346 | 352 | 405 | 490 | 550 | 698 | 630 | 651 | 735 |
123 | 149 | 144 | 121 | 126 | 132 | 277 | 230 | 201 | 244 | |
CWIP | 23 | 2 | 1 | 3 | 1 | 2 | 1 | 1 | 1 | 0 |
Investments | 3 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
201 | 195 | 207 | 281 | 362 | 416 | 421 | 400 | 449 | 491 | |
Total Assets | 350 | 346 | 352 | 405 | 490 | 550 | 698 | 630 | 651 | 735 |
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
50 | 50 | 31 | 14 | -11 | 57 | 48 | 31 | 39 | ||
-11 | -11 | -19 | -6 | -15 | -15 | -2 | -14 | 20 | ||
-34 | -34 | -13 | 40 | -17 | -26 | -45 | -42 | -63 | ||
Net Cash Flow | 5 | 5 | -1 | 48 | -43 | 16 | 1 | -25 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 16 | 19 | 24 | 46 | 62 | 61 | 56 | 70 | 82 | 104 |
Inventory Days | 179 | 133 | 110 | 112 | 99 | 114 | 126 | 169 | 352 | 172 |
Days Payable | 85 | 67 | 62 | 88 | 102 | 97 | 118 | 200 | 377 | 172 |
Cash Conversion Cycle | 110 | 85 | 72 | 70 | 60 | 78 | 65 | 39 | 57 | 103 |
Working Capital Days | 83 | 61 | 54 | 69 | 77 | 99 | 90 | 90 | 114 | 128 |
ROCE % | 15% | 20% | 22% | 13% | -0% | -3% | 8% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Concall transcript of the Investor Meet held on May 30, 2023 w.r.t. audited Standalone and Consolidated Financial Results of the Company for the quarter and …
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 30 May
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
- Announcement under Regulation 30 (LODR)-Investor Presentation 30 May
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 May
Annual reports
Concalls
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Sep 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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Jun 2022TranscriptNotesPPT
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Mar 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Dec 2021Transcript PPT
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Oct 2021TranscriptPPT
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Aug 2021Transcript PPT
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Jul 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Dec 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
Brand Reputation
It is the 2nd largest footwear retailer in India. It has the largest presence in East India and is one of the top 3 players in South India. It is also the largest footwear retail franchise network in India. [1]