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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Khadim India Ltd

About the Company - Khadim India Ltd

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.
Leather/Synthetic Products7th Floor, Tower C, DLF IT Park, Kolkata West Bengal
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

Khadim India Ltd. Share Price Update

Share PriceValue
Previous Day₹380.55

Basic Stock Data of Khadim India Ltd

Market Cap 672 Cr.
Current Price 374
High / Low425/175
Stock P/E70.2
Book Value 127
Dividend Yield0.00 %
ROCE10.4 %
ROE7.15 %
Face Value 10.0

Data Source:

Khadim India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit-11.5915.1614.11-0.3713.6921.6112.8717.0922.2816.7516.4118.2817.66
OPM %-9.52%8.71%5.23%-0.42%8.47%11.68%8.24%10.29%11.98%11.25%10.31%11.57%11.24%
Other Income6.983.953.523.876.712.593.
Profit before tax-21.733.502.45-11.146.2010.132.574.547.185.725.122.222.15
Tax %2.72%-26.86%-371.02%2.15%-4.52%19.05%-3.89%26.21%30.08%15.73%15.82%25.68%16.74%
Net Profit-21.144.4411.55-10.896.488.202.673.355.024.824.311.651.79
EPS in Rs-11.762.476.43-6.063.614.561.491.862.792.682.400.921.00

Khadim India Ltd Quarterly Chart

Khadim India Ltd Profit & Loss

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit381253677959357517569
OPM %11%3%10%11%10%7%5%1%9%11%11%
Other Income374486616141717
Profit before tax17-1926415733-34-4382315
Tax %34%2%2%24%33%36%8%24%17%22%
Net Profit11-1925313821-31-3361813
EPS in Rs9.04-10.7914.5917.7121.1011.78-17.37-18.323.599.747.00
Dividend Payout %11%0%0%0%5%8%0%0%0%0%

Khadim India Ltd Profit & Loss Yearly Chart

Khadim India Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-2%
3 Years:-5%
Compounded Profit Growth
10 Years:%
5 Years:-16%
3 Years:36%
Stock Price CAGR
10 Years:%
5 Years:0%
3 Years:39%
1 Year:78%
Return on Equity
10 Years:%
5 Years:-1%
3 Years:-1%
Last Year:7%

Khadim India Ltd Balance Sheet

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1217171718181818181818
Other Liabilities918384112153153178185201200230
Total Liabilities350346352405490550698630651735784
Fixed Assets123149144121126132277230201244248
Other Assets201195207281362416421400449491535
Total Assets350346352405490550698630651735784

Khadim India Ltd Reserves and Borrowings Chart

Khadim India Ltd Cash Flow

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 50503114-1157483139
Cash from Investing Activity -11-11-19-6-15-15-2-1420
Cash from Financing Activity -34-34-1340-17-26-45-42-63
Net Cash Flow55-148-43161-25-4

Khadim India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days161924466261567082104
Inventory Days17913311011299114126169165172
Days Payable8567628810297118200177172
Cash Conversion Cycle1108572706078653970103
Working Capital Days8361546977999090117128
ROCE %15%20%22%13%-0%-3%8%10%

Khadim India Ltd Financial Efficiency Indicators Chart

Khadim India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders41,86843,43843,98941,77140,88941,49539,83639,54139,27239,11238,77036,789

Khadim India Ltd Shareholding Pattern Chart

No. of Khadim India Ltd Shareholders

Khadim India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Bandhan ELSS Tax Saver Fund6500000.525.23

Khadim India Ltd ROCE Trend

Khadim India Ltd EPS Trend

Khadim India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)9.733.58-18.33-17.4011.78
Diluted EPS (Rs.)9.733.58-18.33-17.4011.77
Cash EPS (Rs.)31.0822.273.505.9422.04
Book Value[Excl.RevalReserv]/Share (Rs.)125.33115.49111.77129.91160.08
Book Value[Incl.RevalReserv]/Share (Rs.)125.33115.49111.77129.91160.08
Revenue From Operations / Share (Rs.)367.43328.93348.46429.53444.73
PBDIT / Share (Rs.)50.0735.6511.9420.6635.21
PBIT / Share (Rs.)28.7116.96-9.89-2.6724.96
PBT / Share (Rs.)12.544.31-24.01-18.9718.48
Net Profit / Share (Rs.)9.733.58-18.33-17.4011.78
NP After MI And SOA / Share (Rs.)9.733.58-18.33-17.4011.78
PBDIT Margin (%)13.6210.833.424.817.91
PBIT Margin (%)7.815.15-2.83-0.625.61
PBT Margin (%)3.411.31-6.89-4.414.15
Net Profit Margin (%)2.641.08-5.26-4.052.64
NP After MI And SOA Margin (%)2.641.08-5.26-4.052.64
Return on Networth / Equity (%)7.763.10-16.40-13.397.35
Return on Capital Employeed (%)12.699.43-5.25-1.2515.27
Return On Assets (%)2.370.98-5.22-4.473.85
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.520.581.191.230.37
Asset Turnover Ratio (%)0.950.920.941.240.00
Current Ratio (X)1.351.
Quick Ratio (X)0.800.700.700.650.84
Inventory Turnover Ratio (X)0.931.280.911.050.00
Dividend Payout Ratio (NP) (%)
Dividend Payout Ratio (CP) (%)
Earning Retention Ratio (%)
Cash Earning Retention Ratio (%)
Interest Coverage Ratio (X)3.102.820.841.275.44
Interest Coverage Ratio (Post Tax) (X)1.601.28-0.29-0.062.82
Enterprise Value (Cr.)436.64510.52500.39415.96955.75
EV / Net Operating Revenue (X)0.660.860.790.531.20
EV / EBITDA (X)4.857.9723.3111.2015.10
MarketCap / Net Operating Revenue (X)0.500.670.420.171.07
Retention Ratios (%)
Price / BV (X)1.471.921.320.582.97
Price / Net Operating Revenue (X)0.500.670.420.171.07

Khadim India Ltd Profitability Ratios (%)

Khadim India Ltd Liquidity Ratios

Khadim India Ltd Liquidity Ratios (%)

Khadim India Ltd Interest Coverage Ratios (%)

Khadim India Ltd Valuation Ratios

Fair Value of Khadim India Ltd Stock

Fair Value: ₹650.20

The stock is undervalued by 73.85% compared to the current price ₹374

*Investments are subject to market risks

Strength and Weakness of Khadim India Ltd Stock

  1. The company has shown consistent growth in sales (616.82 cr) and profit (11.27 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 11.61 and average Dividend Yield of 3.02%.
  2. The stock has a low average ROCE of 8.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 86.80, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 75.20, which may not be favorable.
  5. The company has higher borrowings (191.27) compared to reserves (184.36), which may suggest financial risk.

About the Author

Author Avatar

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 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