Khadim India Ltd

Khadim India Ltd

₹ 356 1.74%
19 Apr - close price
About

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]

Key Points

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]

  • Market Cap 641 Cr.
  • Current Price 356
  • High / Low 425 / 205
  • Stock P/E 67.1
  • Book Value 127
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 7.15 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.80 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.11% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
174.08 269.95 88.23 161.65 185.04 156.16 166.07 186.03 148.95 159.21 157.98 157.09 156.20
158.92 255.86 88.60 147.96 163.43 143.31 148.98 163.75 132.20 142.82 139.71 139.44 137.99
Operating Profit 15.16 14.09 -0.37 13.69 21.61 12.85 17.09 22.28 16.75 16.39 18.27 17.65 18.21
OPM % 8.71% 5.22% -0.42% 8.47% 11.68% 8.23% 10.29% 11.98% 11.25% 10.29% 11.56% 11.24% 11.66%
3.95 3.52 3.87 6.71 2.59 3.11 2.29 2.24 6.41 6.53 1.53 2.60 1.78
Interest 6.09 5.95 5.47 5.57 5.99 5.70 6.30 7.55 7.30 7.91 7.49 7.82 7.54
Depreciation 9.52 9.23 9.17 8.63 8.08 7.71 8.54 9.79 10.14 9.91 10.10 10.29 9.98
Profit before tax 3.50 2.43 -11.14 6.20 10.13 2.55 4.54 7.18 5.72 5.10 2.21 2.14 2.47
Tax % -26.86% -374.07% 2.15% -4.52% 19.05% -3.92% 26.21% 30.08% 15.73% 15.88% 25.79% 16.82% 26.32%
4.44 11.52 -10.89 6.47 8.20 2.65 3.35 5.02 4.82 4.29 1.65 1.79 1.82
EPS in Rs 2.47 6.41 -6.06 3.60 4.56 1.47 1.86 2.79 2.68 2.39 0.92 1.00 1.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
799 772 626 591 660 630
740 737 619 540 586 560
Operating Profit 59 35 7 51 75 71
OPM % 7% 5% 1% 9% 11% 11%
6 6 16 14 17 12
Interest 14 33 27 24 31 31
Depreciation 18 42 39 34 38 40
Profit before tax 33 -34 -43 8 23 12
Tax % 36% 8% 24% 17% 22%
21 -31 -33 6 17 10
EPS in Rs 11.78 -17.40 -18.33 3.58 9.73 5.32
Dividend Payout % 8% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -5%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 36%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 40%
1 Year: 55%
Return on Equity
10 Years: %
5 Years: %
3 Years: -1%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 18 18 18 18 18 18
Reserves 270 215 183 190 207 211
109 287 244 242 310 325
153 178 185 201 200 231
Total Liabilities 550 698 630 651 735 784
132 277 230 201 244 248
CWIP 2 1 1 1 1 0
Investments 0 0 0 0 0 0
416 421 400 449 491 535
Total Assets 550 698 630 651 735 784

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-11 57 48 31 39
-15 -15 -2 -14 20
-17 -26 -45 -42 -63
Net Cash Flow -43 16 1 -25 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 61 56 70 82 104
Inventory Days 114 126 169 165 172
Days Payable 97 118 200 177 172
Cash Conversion Cycle 78 65 39 70 103
Working Capital Days 99 90 90 117 128
ROCE % -0% -3% 8% 10%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.07% 61.07% 59.92% 59.86% 60.26% 60.27% 60.28% 60.28% 60.28% 60.28% 60.28% 60.28%
0.04% 0.00% 0.00% 0.22% 0.17% 0.00% 0.06% 0.00% 0.01% 0.00% 0.00% 0.01%
15.25% 14.63% 13.89% 9.47% 9.05% 8.66% 8.21% 6.60% 6.24% 5.87% 5.67% 6.37%
23.64% 24.29% 26.20% 30.45% 30.52% 31.07% 31.46% 33.12% 33.48% 33.86% 34.06% 33.35%
No. of Shareholders 41,86843,43843,98941,77140,88941,49539,83639,54139,27239,11238,77036,789

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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