Khadim India Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Khadim India Ltd and is it undervalued?

As of 22 April 2026, Khadim India Ltd's intrinsic value is 110.82, which is 30.38% higher than the current market price of 85.00, suggesting the stock is undervalued. Calculated using the PE ratio method factoring in ROE (2.20 %), book value (90.2), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Khadim India Ltd?

Khadim India Ltd is trading at 85.00 as of 22 April 2026, with a FY2026-2027 high of 311 and low of 77.5. The stock is currently near its 52-week low. Market cap stands at 156 Cr..

Q: Is Khadim India Ltd financially healthy?

Key indicators: ROCE of 9.34 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Khadim India Ltd profitable and how is the profit trend?

Khadim India Ltd reported a net profit of 5 Cr in Mar 2025 on revenue of 418 Cr. Compared to 6 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹26.23Overvalued by 69.14%vs CMP ₹85.00

P/E (16.2) × ROE (2.2%) × BV (₹90.20) × DY (2.00%)

₹110.82Undervalued by 30.38%vs CMP ₹85.00

MoS: +23.3% (Adequate)Confidence: 38/100 (Low)Models: 2 Under, 1 Fair, 3 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹22.95	33%	Over (-73%)
Graham Number	Earnings	₹61.11	24%	Over (-28.1%)
Net Asset Value	Assets	₹90.45	11%	Fair (+6.4%)
EV/EBITDA	Enterprise	₹508.37	13%	Under (+498.1%)
Earnings Yield	Earnings	₹18.40	11%	Over (-78.4%)
Revenue Multiple	Revenue	₹113.88	8%	Under (+34%)
Consensus (6 models)		₹110.82	100%	Undervalued

Key Drivers: ROE 2.2% is below cost of equity. | Wide model spread (₹18–₹508) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.5%

*Investments are subject to market risks

Analyst Summary

Khadim India Ltd operates in the Footwears segment, NSE: KHADIM | BSE: 540775, current market price is ₹85.00, market cap is 156 Cr.. At a glance, stock P/E is 16.2, ROE is 2.20 %, ROCE is 9.34 %, book value is 90.2, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹110.82, which is about 30.4% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹418 Cr versus the prior period change of -1.9%, while latest net profit is about ₹5 Cr with a prior-period change of -16.7%. The 52-week range shown on this page is 311/77.5, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKhadim 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 L191…

This summary is generated from the stock page data available for Khadim India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Khadim India Ltd scores 45/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health39/100 · Weak

ROCE 9.3% AverageROE 2.2% WeakD/E 1.19 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money50/100 · Moderate

FII holding up 0.29% (6mo) Slight increaseDII holding down 3.22% MF sellingPromoter holding at 59.9% Stable

Earnings Quality65/100 · Strong

OPM expanding (10% → 18%) Improving

Quarterly Momentum25/100 · Weak

Revenue (4Q): -19% YoY DecliningProfit (4Q): -35% YoY Declining

Industry Rank45/100 · Moderate

P/E 16.2 vs industry 34.5 Cheaper than peersROCE 9.3% vs industry 11.7% AverageROE 2.2% vs industry 8.7% Below peers3Y sales CAGR: -11% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:12 am

Market Cap	156 Cr.
Current Price	85.0
Intrinsic Value	₹110.82
High / Low	311/77.5
Stock P/E	16.2
Book Value	90.2
Dividend Yield	0.00 %
ROCE	9.34 %
ROE	2.20 %
Face Value	10.0
PEG Ratio	-1.29

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Khadim India Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Khadim India Ltd	156 Cr.	85.0	311/77.5	16.2	90.2	0.00 %	9.34 %	2.20 %	10.0
Liberty Shoes Ltd	386 Cr.	227	475/210	33.1	134	0.00 %	9.99 %	7.20 %	10.0
Relaxo Footwears Ltd	6,483 Cr.	260	531/236	38.6	84.7	1.15 %	11.2 %	8.31 %	1.00
Campus Activewear Ltd	6,837 Cr.	224	304/210	48.5	26.0	0.45 %	20.1 %	17.2 %	5.00
Bata India Ltd	8,072 Cr.	628	1,301/605	42.0	119	3.03 %	15.1 %	15.6 %	5.00
Industry Average	4,386.80 Cr	238.03		34.50	77.04	0.77%	11.71%	8.72%	5.50

All Competitor Stocks of Khadim India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	148.95	159.21	157.98	157.09	156.20	93.55	104.10	160.58	110.24	93.80	95.70	101.60	86.24
Expenses	132.20	142.80	139.70	139.43	137.99	73.40	86.66	141.26	94.18	77.80	83.37	87.81	75.17
Operating Profit	16.75	16.41	18.28	17.66	18.21	20.15	17.44	19.32	16.06	16.00	12.33	13.79	11.07
OPM %	11.25%	10.31%	11.57%	11.24%	11.66%	21.54%	16.75%	12.03%	14.57%	17.06%	12.88%	13.57%	12.84%
Other Income	6.41	6.53	1.53	2.60	1.78	-3.96	-2.63	1.84	-0.79	-1.54	2.52	1.86	1.97
Interest	7.30	7.91	7.49	7.82	7.54	7.01	6.42	7.58	6.15	6.03	6.60	6.69	6.47
Depreciation	10.14	9.91	10.10	10.29	9.98	6.98	7.28	10.37	7.28	6.82	6.77	6.71	6.75
Profit before tax	5.72	5.12	2.22	2.15	2.47	2.20	1.11	3.21	1.84	1.61	1.48	2.25	-0.18
Tax %	15.73%	15.82%	25.68%	16.74%	26.32%	52.27%	41.44%	26.48%	36.41%	37.27%	41.89%	25.78%	-5.56%
Net Profit	4.82	4.31	1.65	1.79	1.83	1.05	0.66	2.36	1.17	1.01	0.86	1.68	-0.17
EPS in Rs	2.68	2.39	0.92	0.99	1.02	0.58	0.36	1.28	0.64	0.55	0.47	0.91	-0.09

Last Updated: March 4, 2026, 4:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:16 pm

Metric	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	359	460	535	611	749	799	772	626	591	660	426	418	377
Expenses	321	448	482	544	670	740	737	619	540	586	351	348	324
Operating Profit	38	12	53	67	79	59	35	7	51	75	75	70	53
OPM %	11%	3%	10%	11%	10%	7%	5%	1%	9%	11%	18%	17%	14%
Other Income	3	7	4	4	8	6	6	16	14	17	-9	-4	5
Interest	17	19	15	15	14	14	33	27	24	31	28	29	26
Depreciation	7	19	16	16	16	18	42	39	34	38	28	29	27
Profit before tax	17	-19	26	41	57	33	-34	-43	8	23	10	8	5
Tax %	34%	-2%	2%	24%	33%	36%	-8%	-24%	17%	22%	38%	34%
Net Profit	11	-19	25	31	38	21	-31	-33	6	18	6	5	3
EPS in Rs	9.07	-10.79	14.59	17.71	21.06	11.76	-17.34	-18.29	3.59	9.73	3.49	2.83	1.84
Dividend Payout %	11%	0%	0%	0%	5%	8%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	231.58%	24.00%	22.58%	-44.74%	-247.62%	-6.45%	118.18%	200.00%	-66.67%	-16.67%
Change in YoY Net Profit Growth (%)	0.00%	-207.58%	-1.42%	-67.32%	-202.88%	241.17%	124.63%	81.82%	-266.67%	50.00%

Khadim India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-1%
5 Years:	-12%
3 Years:	-11%
TTM:	-10%

Compounded Profit Growth
10 Years:	9%
5 Years:	17%
3 Years:	-13%
TTM:	-8%

Stock Price CAGR
10 Years:	%
5 Years:	20%
3 Years:	1%
1 Year:	-23%

Return on Equity
10 Years:	4%
5 Years:	0%
3 Years:	4%
Last Year:	2%

Last Updated: September 5, 2025, 9:05 am

Balance Sheet

Last Updated: January 7, 2026, 3:57 pm

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	17	17	17	18	18	18	18	18	18	18	18	18
Reserves	84	112	137	167	251	270	216	183	190	207	222	233	148
Borrowings	163	133	114	109	68	109	287	244	242	310	321	295	255
Other Liabilities	91	83	84	112	153	153	178	185	201	200	171	214	155
Total Liabilities	350	346	352	405	490	550	698	630	651	735	732	761	576
Fixed Assets	123	149	144	121	126	132	277	230	201	244	244	226	156
CWIP	23	2	1	3	1	2	1	1	1	1	0	0	-0
Investments	3	0	1	-0	-0	-0	0	0	0	0	0	0	0
Other Assets	201	195	207	281	362	416	421	400	449	491	488	535	420
Total Assets	350	346	352	405	490	550	698	630	651	735	732	761	576

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	50	50	31	14	-11	57	48	31	39	52	67
Cash from Investing Activity +	-11	-11	-19	-6	-15	-15	-2	-14	20	-10	-9
Cash from Financing Activity +	-34	-34	-13	40	-17	-26	-45	-42	-63	-51	-42
Net Cash Flow	5	5	-1	48	-43	16	1	-25	-4	-9	17
Free Cash Flow	41	41	13	5	-35	41	45	22	49	42	55
CFO/OP	446%	100%	60%	38%	11%	171%	671%	58%	51%	70%	96%

Free Cash Flow

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-125.00	-121.00	-61.00	-42.00	11.00	-50.00	-252.00	-237.00	-191.00	-235.00	-246.00	-225.00

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

Month	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	16	19	24	46	62	61	56	70	82	104	158	193
Inventory Days	179	133	110	112	99	114	126	169	165	172	341	415
Days Payable	85	67	62	88	102	97	118	200	177	172	275	377
Cash Conversion Cycle	110	85	72	70	60	78	65	39	70	103	225	231
Working Capital Days	83	-23	-12	7	43	49	25	30	38	56	99	118
ROCE %			15%	20%	22%	13%	-0%	-3%	8%	10%	10%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	60.28%	60.28%	60.28%	60.28%	60.64%	60.09%	59.83%	59.83%	59.83%	59.86%	59.86%	59.86%
FIIs	0.01%	0.00%	0.00%	0.01%	0.10%	0.02%	0.00%	0.00%	0.02%	0.00%	0.01%	0.31%
DIIs	6.24%	5.87%	5.67%	6.37%	6.66%	6.77%	6.55%	6.34%	5.77%	5.18%	3.21%	2.55%
Public	33.48%	33.86%	34.06%	33.35%	32.60%	33.13%	33.62%	33.83%	34.38%	34.97%	36.92%	37.28%
No. of Shareholders	39,272	39,112	38,770	36,789	34,855	33,905	33,462	32,595	32,044	32,334	33,752	34,055

Shareholding Pattern Chart

No. of Shareholders

Khadim India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan ELSS Tax Saver Fund	650,000	0.33	24.6	650,000	2025-04-22 15:56:56	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	2.76	3.49	9.73	3.58	-18.33
Diluted EPS (Rs.)	2.76	3.49	9.73	3.58	-18.33
Cash EPS (Rs.)	18.41	25.76	31.08	22.27	3.50
Book Value[Excl.RevalReserv]/Share (Rs.)	136.77	132.13	125.33	115.49	111.77
Book Value[Incl.RevalReserv]/Share (Rs.)	136.77	132.13	125.33	115.49	111.77
Revenue From Operations / Share (Rs.)	227.46	339.09	367.43	328.93	348.46
PBDIT / Share (Rs.)	41.10	44.10	50.07	35.65	11.94
PBIT / Share (Rs.)	25.44	21.79	28.71	16.96	-9.89
PBT / Share (Rs.)	11.90	4.53	12.54	4.31	-24.01
Net Profit / Share (Rs.)	2.75	3.46	9.73	3.58	-18.33
NP After MI And SOA / Share (Rs.)	2.75	3.46	9.73	3.58	-18.33
PBDIT Margin (%)	18.06	13.00	13.62	10.83	3.42
PBIT Margin (%)	11.18	6.42	7.81	5.15	-2.83
PBT Margin (%)	5.23	1.33	3.41	1.31	-6.89
Net Profit Margin (%)	1.21	1.02	2.64	1.08	-5.26
NP After MI And SOA Margin (%)	1.21	1.02	2.64	1.08	-5.26
Return on Networth / Equity (%)	2.01	2.62	7.76	3.10	-16.40
Return on Capital Employeed (%)	11.11	9.39	12.69	9.43	-5.25
Return On Assets (%)	0.66	0.85	2.37	0.98	-5.22
Long Term Debt / Equity (X)	0.04	0.02	0.05	0.07	0.67
Total Debt / Equity (X)	0.45	0.51	0.52	0.58	1.19
Asset Turnover Ratio (%)	0.56	0.83	0.95	0.92	0.94
Current Ratio (X)	1.43	1.43	1.35	1.22	1.19
Quick Ratio (X)	0.79	0.80	0.80	0.70	0.70
Inventory Turnover Ratio (X)	2.04	0.70	0.93	1.28	0.91
Interest Coverage Ratio (X)	3.04	2.55	3.10	2.82	0.84
Interest Coverage Ratio (Post Tax) (X)	1.77	1.20	1.60	1.28	-0.29
Enterprise Value (Cr.)	629.08	660.38	436.64	510.52	500.39
EV / Net Operating Revenue (X)	1.50	1.07	0.66	0.86	0.79
EV / EBITDA (X)	8.33	8.26	4.85	7.97	23.31
MarketCap / Net Operating Revenue (X)	1.26	0.90	0.50	0.67	0.42
Price / BV (X)	2.10	2.32	1.47	1.92	1.32
Price / Net Operating Revenue (X)	1.26	0.90	0.50	0.67	0.42
EarningsYield	0.01	0.01	0.05	0.01	-0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 418.03 Cr. and Equity Capital is Rs. 18.38 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Footwears	7th Floor, Tower C, DLF IT Park, Kolkata West Bengal 700156	Contact not found

Management
Name	Position Held
Mr. Siddhartha Roy Burman	Chairman & Managing Director
Mr. Rittick Roy Burman	Whole Time Director
Mr. Ritoban Roy Burman	Non Exe.Non Ind.Director
Mrs. Upama Mukherjee	Independent Director
Prof. (Dr) Surabhi Banerjee	Independent Director
Mr. Alok Chauthmal Churiwal	Independent Director

FAQ

What is the intrinsic value of Khadim India Ltd and is it undervalued?

As of 22 April 2026, Khadim India Ltd's intrinsic value is ₹110.82, which is 30.38% higher than the current market price of ₹85.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.20 %), book value (₹90.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Khadim India Ltd?

Khadim India Ltd is trading at ₹85.00 as of 22 April 2026, with a FY2026-2027 high of ₹311 and low of ₹77.5. The stock is currently near its 52-week low. Market cap stands at ₹156 Cr..

How does Khadim India Ltd's P/E ratio compare to its industry?

Khadim India Ltd has a P/E ratio of 16.2, which is below the industry average of 34.50. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Khadim India Ltd financially healthy?

Key indicators for Khadim India Ltd: ROCE of 9.34 % is on the lower side compared to the industry average of 11.71%; ROE of 2.20 % is below ideal levels (industry average: 8.72%). Dividend yield is 0.00 %.

Is Khadim India Ltd profitable and how is the profit trend?

Khadim India Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹418 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows a declining trend.

Does Khadim India Ltd pay dividends?

Khadim India Ltd has a dividend yield of 0.00 % at the current price of ₹85.00. The company is currently not paying meaningful dividends.