Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 540775 | NSE: KHADIM

Khadim India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 10:01 pm

Market Cap 671 Cr.
Current Price 365
High / Low445/281
Stock P/E114
Book Value 136
Dividend Yield0.00 %
ROCE7.82 %
ROE2.88 %
Face Value 10.0
PEG Ratio1.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Khadim India Ltd

Competitors of Khadim India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Campus Activewear Ltd 7,985 Cr. 261372/21382.0 22.70.00 %16.7 %14.9 % 5.00
AKI India Ltd 157 Cr. 17.832.5/17.2152 7.260.00 %6.22 %4.10 % 2.00
Relaxo Footwears Ltd 15,785 Cr. 635950/62987.2 80.80.47 %13.9 %10.5 % 1.00
Liberty Shoes Ltd 785 Cr. 462570/24449.3 1260.00 %9.45 %7.21 % 10.0
Khadim India Ltd 671 Cr. 365445/281114 1360.00 %7.82 %2.88 % 10.0
Industry Average7,018.33 Cr506.9788.7781.130.23%12.13%9.90%5.50

All Competitor Stocks of Khadim India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales88.23161.65185.04156.16166.07186.03148.95159.21157.98157.09156.20143.64153.89
Expenses88.60147.96163.43143.29148.98163.75132.20142.80139.70139.43137.99126.80136.50
Operating Profit-0.3713.6921.6112.8717.0922.2816.7516.4118.2817.6618.2116.8417.39
OPM %-0.42%8.47%11.68%8.24%10.29%11.98%11.25%10.31%11.57%11.24%11.66%11.72%11.30%
Other Income3.876.712.593.112.292.246.416.531.532.601.783.111.52
Interest5.475.575.995.706.307.557.307.917.497.827.548.467.74
Depreciation9.178.638.087.718.549.7910.149.9110.1010.299.9810.0810.26
Profit before tax-11.146.2010.132.574.547.185.725.122.222.152.471.410.91
Tax %-2.15%-4.52%19.05%-3.89%26.21%30.08%15.73%15.82%25.68%16.74%26.32%26.24%28.57%
Net Profit-10.896.488.202.673.355.024.824.311.651.791.831.050.66
EPS in Rs-6.063.614.561.491.862.792.682.400.921.001.020.580.36

Last Updated: October 22, 2024, 4:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 22, 2024, 4:32 pm

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales359460535611749799772626591660615611
Expenses321448482544670740737619540586541541
Operating Profit38125367795935751757470
OPM %11%3%10%11%10%7%5%1%9%11%12%11%
Other Income374486616141799
Interest171915151414332724313432
Depreciation71916161618423934384041
Profit before tax17-1926415733-34-4382387
Tax %34%-2%2%24%33%36%-8%-24%17%22%23%
Net Profit11-1925313821-31-3361865
EPS in Rs9.04-10.7914.5917.7121.1011.78-17.37-18.323.599.743.492.96
Dividend Payout %11%0%0%0%5%8%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)231.58%24.00%22.58%-44.74%-247.62%-6.45%118.18%200.00%-66.67%
Change in YoY Net Profit Growth (%)0.00%-207.58%-1.42%-67.32%-202.88%241.17%124.63%81.82%-266.67%

Khadim India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-5%
3 Years:-1%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:-21%
3 Years:30%
TTM:-53%
Stock Price CAGR
10 Years:%
5 Years:14%
3 Years:10%
1 Year:-5%
Return on Equity
10 Years:%
5 Years:-3%
3 Years:5%
Last Year:3%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:32 pm

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital121717171818181818181818
Reserves84112137167251270216183190207219231
Borrowings16313311410968109287244242310321322
Other Liabilities918384112153153178185201200174247
Total Liabilities350346352405490550698630651735732819
Fixed Assets123149144121126132277230201244244246
CWIP2321312111100
Investments301000000000
Other Assets201195207281362416421400449491488572
Total Assets350346352405490550698630651735732819

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +50503114-115748313952
Cash from Investing Activity +-11-11-19-6-15-15-2-1420-10
Cash from Financing Activity +-34-34-1340-17-26-45-42-63-51
Net Cash Flow55-148-43161-25-4-9

Free Cash Flow

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-125.00-121.00-61.00-42.0011.00-50.00-252.00-237.00-191.00-235.00-247.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days161924466261567082104110
Inventory Days17913311011299114126169165172210
Days Payable8567628810297118200177172169
Cash Conversion Cycle1108572706078653970103151
Working Capital Days8361546977999090117128152
ROCE %15%20%22%13%-0%-3%8%10%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters59.86%60.26%60.27%60.28%60.28%60.28%60.28%60.28%60.28%60.64%60.09%59.83%
FIIs0.22%0.17%0.00%0.06%0.00%0.01%0.00%0.00%0.01%0.10%0.02%0.00%
DIIs9.47%9.05%8.66%8.21%6.60%6.24%5.87%5.67%6.37%6.66%6.77%6.55%
Public30.45%30.52%31.07%31.46%33.12%33.48%33.86%34.06%33.35%32.60%33.13%33.62%
No. of Shareholders41,77140,88941,49539,83639,54139,27239,11238,77036,78934,85533,90533,462

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan ELSS Tax Saver Fund650,0000.3324.6650,0002024-11-200%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.499.733.58-18.33-17.40
Diluted EPS (Rs.)3.499.733.58-18.33-17.40
Cash EPS (Rs.)25.7631.0822.273.505.94
Book Value[Excl.RevalReserv]/Share (Rs.)132.13125.33115.49111.77129.91
Book Value[Incl.RevalReserv]/Share (Rs.)132.13125.33115.49111.77129.91
Revenue From Operations / Share (Rs.)339.09367.43328.93348.46429.53
PBDIT / Share (Rs.)44.1050.0735.6511.9420.66
PBIT / Share (Rs.)21.7928.7116.96-9.89-2.67
PBT / Share (Rs.)4.5312.544.31-24.01-18.97
Net Profit / Share (Rs.)3.469.733.58-18.33-17.40
NP After MI And SOA / Share (Rs.)3.469.733.58-18.33-17.40
PBDIT Margin (%)13.0013.6210.833.424.81
PBIT Margin (%)6.427.815.15-2.83-0.62
PBT Margin (%)1.333.411.31-6.89-4.41
Net Profit Margin (%)1.022.641.08-5.26-4.05
NP After MI And SOA Margin (%)1.022.641.08-5.26-4.05
Return on Networth / Equity (%)2.627.763.10-16.40-13.39
Return on Capital Employeed (%)9.3912.699.43-5.25-1.25
Return On Assets (%)0.852.370.98-5.22-4.47
Long Term Debt / Equity (X)0.020.050.070.670.63
Total Debt / Equity (X)0.510.520.581.191.23
Asset Turnover Ratio (%)0.830.950.920.941.24
Current Ratio (X)1.431.351.221.191.19
Quick Ratio (X)0.800.800.700.700.65
Inventory Turnover Ratio (X)0.700.931.280.911.05
Dividend Payout Ratio (NP) (%)0.000.000.000.00-5.74
Dividend Payout Ratio (CP) (%)0.000.000.000.0016.84
Earning Retention Ratio (%)0.000.000.000.00105.74
Cash Earning Retention Ratio (%)0.000.000.000.0083.16
Interest Coverage Ratio (X)2.553.102.820.841.27
Interest Coverage Ratio (Post Tax) (X)1.201.601.28-0.29-0.06
Enterprise Value (Cr.)660.38436.64510.52500.39415.96
EV / Net Operating Revenue (X)1.070.660.860.790.53
EV / EBITDA (X)8.264.857.9723.3111.20
MarketCap / Net Operating Revenue (X)0.900.500.670.420.17
Retention Ratios (%)0.000.000.000.00105.74
Price / BV (X)2.321.471.921.320.58
Price / Net Operating Revenue (X)0.900.500.670.420.17
EarningsYield0.010.050.01-0.12-0.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Khadim India Ltd as of November 23, 2024 is: 455.45

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 23, 2024, Khadim India Ltd is Undervalued by 24.78% compared to the current share price 365.00

Intrinsic Value of Khadim India Ltd as of November 23, 2024 is: 847.27

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 23, 2024, Khadim India Ltd is Undervalued by 132.13% compared to the current share price 365.00

Last 5 Year EPS CAGR: 86.03%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (615.67 cr) and profit (10.33 cr) over the years.
  1. The stock has a low average ROCE of 8.45%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 92.73, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 82.09, which may not be favorable.
  4. The company has higher borrowings (201.83) compared to reserves (188.92), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Khadim India Ltd:
    1. Net Profit Margin: 1.02%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.39% (Industry Average ROCE: 12.13%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 2.62% (Industry Average ROE: 9.9%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.2
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.8
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 114 (Industry average Stock P/E: 88.77)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.51
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Khadim India Ltd. is a Public Limited Listed company incorporated on 03/12/1981 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L19129WB1981PLC034337 and registration number is 034337. Currently Company is involved in the business activities of Retail sale of footwear. Company’s Total Operating Revenue is Rs. 591.08 Cr. and Equity Capital is Rs. 17.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Footwears7th Floor, Tower C, DLF IT Park, 08 Major Arterial Road, Kolkata West Bengal 700156compliance@khadims.com
http://www.khadims.com
Management
NamePosition Held
Mr. Siddhartha Roy BurmanChairman & Managing Director
Mr. Rittick Roy BurmanWhole Time Director
Mr. Ritoban Roy BurmanNon Exe.Non Ind.Director
Dr. Indra Nath ChatterjeeIndependent Director
Prof. (Dr) Surabhi BanerjeeIndependent Director
Mr. Alok Chauthmal ChuriwalIndependent Director

FAQ

What is the latest intrinsic value of Khadim India Ltd?

The latest intrinsic value of Khadim India Ltd as on 22 November 2024 is ₹455.45, which is 24.78% higher than the current market price of ₹365.00.

What is the Market Cap of Khadim India Ltd?

The Market Cap of Khadim India Ltd is 671 Cr..

What is the current Stock Price of Khadim India Ltd as on 22 November 2024?

The current stock price of Khadim India Ltd as on 22 November 2024 is 365.

What is the High / Low of Khadim India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Khadim India Ltd stocks is 445/281.

What is the Stock P/E of Khadim India Ltd?

The Stock P/E of Khadim India Ltd is 114.

What is the Book Value of Khadim India Ltd?

The Book Value of Khadim India Ltd is 136.

What is the Dividend Yield of Khadim India Ltd?

The Dividend Yield of Khadim India Ltd is 0.00 %.

What is the ROCE of Khadim India Ltd?

The ROCE of Khadim India Ltd is 7.82 %.

What is the ROE of Khadim India Ltd?

The ROE of Khadim India Ltd is 2.88 %.

What is the Face Value of Khadim India Ltd?

The Face Value of Khadim India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Khadim India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE