Khadim India Ltd

Khadim India Ltd

₹ 372 -0.58%
03 Jul 4:01 p.m.
About

Incorporated in 1981, Khadim India Ltd is in manufacturing / retail business of footwear and accessories[1]

Key Points

Business Overview:[1][2]
KHL is in the business of Retail & Distribution of Footwears. It is the 2nd largest footwear retailer in India with a retail presence across 25 states & 5 union territories

  • Market Cap 675 Cr.
  • Current Price 372
  • High / Low 425 / 214
  • Stock P/E 108
  • Book Value 132
  • Dividend Yield 0.00 %
  • ROCE 7.22 %
  • ROE 2.70 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.81 times its book value
  • 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 -5.11% over past five years.
  • Company has a low return on equity of 4.58% over last 3 years.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
269.95 88.23 161.65 185.04 156.16 166.07 186.03 148.95 159.21 157.98 157.09 156.20 143.64
255.86 88.60 147.96 163.43 143.31 148.98 163.75 132.20 142.82 139.71 139.44 137.99 126.82
Operating Profit 14.09 -0.37 13.69 21.61 12.85 17.09 22.28 16.75 16.39 18.27 17.65 18.21 16.82
OPM % 5.22% -0.42% 8.47% 11.68% 8.23% 10.29% 11.98% 11.25% 10.29% 11.56% 11.24% 11.66% 11.71%
3.52 3.87 6.71 2.59 3.11 2.29 2.24 6.41 6.53 1.53 2.60 1.78 3.11
Interest 5.95 5.47 5.57 5.99 5.70 6.30 7.55 7.30 7.91 7.49 7.82 7.54 8.46
Depreciation 9.23 9.17 8.63 8.08 7.71 8.54 9.79 10.14 9.91 10.10 10.29 9.98 10.08
Profit before tax 2.43 -11.14 6.20 10.13 2.55 4.54 7.18 5.72 5.10 2.21 2.14 2.47 1.39
Tax % -374.07% 2.15% -4.52% 19.05% -3.92% 26.21% 30.08% 15.73% 15.88% 25.79% 16.82% 26.32% 26.62%
11.52 -10.89 6.47 8.20 2.65 3.35 5.02 4.82 4.29 1.65 1.79 1.82 1.03
EPS in Rs 6.41 -6.06 3.60 4.56 1.47 1.86 2.79 2.68 2.39 0.92 1.00 1.01 0.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
799 772 626 591 660 615
740 737 619 540 586 544
Operating Profit 59 35 7 51 75 71
OPM % 7% 5% 1% 9% 11% 12%
6 6 16 14 17 9
Interest 14 33 27 24 31 31
Depreciation 18 42 39 34 38 40
Profit before tax 33 -34 -43 8 23 8
Tax % 36% 8% 24% 17% 22% 24%
21 -31 -33 6 17 6
EPS in Rs 11.78 -17.40 -18.33 3.58 9.73 3.46
Dividend Payout % 8% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -5%
3 Years: -1%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: -21%
3 Years: 30%
TTM: -59%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 3%
1 Year: 69%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: 5%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 18 18 18 18 18
Reserves 270 215 183 190 207 221
109 287 244 242 310 321
153 178 185 201 200 171
Total Liabilities 550 698 630 651 735 732
132 277 230 201 244 244
CWIP 2 1 1 1 1 0
Investments 0 0 0 0 0 0
416 421 400 449 491 488
Total Assets 550 698 630 651 735 732

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-11 57 48 31 39 51
-15 -15 -2 -14 20 -10
-17 -26 -45 -42 -63 -51
Net Cash Flow -43 16 1 -25 -4 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61 56 70 82 104 110
Inventory Days 114 126 169 165 172 210
Days Payable 97 118 200 177 172 169
Cash Conversion Cycle 78 65 39 70 103 151
Working Capital Days 99 90 90 117 128 152
ROCE % -0% -3% 8% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.07% 59.92% 59.86% 60.26% 60.27% 60.28% 60.28% 60.28% 60.28% 60.28% 60.28% 60.64%
0.00% 0.00% 0.22% 0.17% 0.00% 0.06% 0.00% 0.01% 0.00% 0.00% 0.01% 0.10%
14.63% 13.89% 9.47% 9.05% 8.66% 8.21% 6.60% 6.24% 5.87% 5.67% 6.37% 6.66%
24.29% 26.20% 30.45% 30.52% 31.07% 31.46% 33.12% 33.48% 33.86% 34.06% 33.35% 32.60%
No. of Shareholders 43,43843,98941,77140,88941,49539,83639,54139,27239,11238,77036,78934,855

* 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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