KHADIMConsumer Discretionary

Khadim India Limited

Footwear · ISIN INE834I01025 · BSE 540775 · NSE BE · FV ₹10
Last price
₹123
+1.99%today
What this company does

Khadim India Limited operates in Footwear, part of the Consumer Discretionary sector. It booked ₹78 cr of revenue in its latest quarter (Q1 FY27) and kept 0.7% of sales as profit. It is the 8th largest of 9 Footwear companies we track, by market value.

Our Enduring Legacy Khadim, founded in 1981, is a leading branded footwear company in India, dedicated to delivering “affordable fashion for everyone.” The company has expanded to 886 exclusive stores across 24 states and 4 Union Territories as of March 2025.
In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
69

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet25

How much it owes, and whether earnings cover the interest

Cash quality94

Whether reported profit actually arrives as cash

Growth & consistency21

Whether sales and profit have grown, and how steadily

Valuation27

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 60%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 0.7% net margin
! Sales down 19% vs last year
! Profit down 39% vs last year
! Low 1.3% return on equity

What if I invest in KHADIM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 2% a year, it would become
₹13.28 lakh

The slider starts at 2%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹123 +1.99%
latest close · 2026-09-17
1-year return
-50.0%
52-wk low ₹8752-wk high ₹348
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio110.2High
LowAverageHigh
P/B ratio1.36Moderate
Below bookModerateHigh
EV / EBITDA6.4Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.3%Weak
WeakFairStrong ▸15%
Return on capital9.7%Fair
WeakFairStrong
Net margin0.7%Thin
ThinDecentStrong
EBITDA margin17.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.73Moderate
LowModerateHigh ▸1
Interest cover1.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.40Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹227 cr
Book value
₹91
EPS
₹0.28
latest quarter
Net debt
₹120 cr
owes more than its cash
Enterprise value
₹347 cr
EBITDA
₹55 cr
annualised
EBIT
₹28 cr
annualised
Operating margin
9.1%
Return on assets
0.4%
Earnings yield
0.91%
P/S
0.73
Sales / share
₹169.4
Tax rate
26.2%
Face value
₹10
Shares
1.8 cr
Working capital
₹101 cr
Current assets
₹357 cr
Current liabilities
₹256 cr
Delivery %
50.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹83₹96, midpoint ₹90

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹78 cr
Other Income₹6 cr
Total Income₹84 cr
Cost of Materials₹1 cr
Purchases of Stock-in-Trade₹52 cr
Inventory Change (±)₹-15 cr
Employee Benefit Expense₹11 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹7 cr
Other Expenses₹21 cr
Total Expenses₹83 cr
Profit before Tax₹70.7 L
Tax Expense₹18.5 L
Net Profit₹52.2 L
Net margin on total income0.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹38 cr45.2%
Employee benefit expense₹11 cr13.6%
Finance costs₹6 cr7.6%
Depreciation & amortisation₹7 cr7.9%
Other expenses₹21 cr24.9%
Tax expense₹18.5 L0.2%
Profit for the period₹52.2 L0.6%
Total income ₹84 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue86 cr84 cr78 cr
Total income90 cr86 cr84 cr
Expenses88 cr85 cr83 cr
Profit before tax-19 L1 cr70.7 L
Tax-1.3 L70.1 L18.5 L
Net profit (owners' share)-17.7 L75.3 L52.2 L
Net margin (owners' share, on revenue)-0.2%0.9%0.7%
EPS (₹)-0.090.410.28
YoY (latest quarter): total income -14.8% · net profit -38.7%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹547 cr
Shareholder equity
₹167 cr
parent shareholders
Total debt
₹122 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹65.4 L
Investing
₹-1 cr
Financing
₹-2 cr
Peer comparison
Footwear · by market value
CompanyPriceMarket capP/E
Metro Brands Limited₹950₹25,905 cr69.1
Bata India Limited₹637₹8,183 cr32.0
Relaxo Footwears Limited₹314₹7,808 cr35.5
Redtape Limited₹119₹6,559 cr37.1
Campus Activewear Limited₹212₹6,451 cr56.4
Sreeleathers Limited₹294₹681 cr24.3
Liberty Shoes Limited₹216₹368 cr135.0
Khadim India Limitedthis company₹123₹227 cr110.2
KSR Footwear Limited₹44₹81 cr65.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 31 Jul 2019
ActionDetailEx-date
Dividend₹1 / share31 Jul 2019
Dividend₹1 / share29 Aug 2018
Who owns it · 2026-06-30
No pledge
Promoter
59.9%
FII / Foreign
0.1%
DII / Domestic
1.1%
Retail / others
38.9%
Promoter stake down 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSiddhartha Roy Burman · Promoters1.64 L · ₹6.0 cr28 Mar 24
BoughtSiddhartha Roy Burman · Promoters1.64 L · ₹1.5 cr2 Feb 24
BoughtSiddhartha Roy Burman · Promoters1.64 L · ₹1.5 cr2 Feb 24
Bulk / block deals
BoughtPRASOON PANKAJ · NSE4.19 L @ ₹116.199 Sep 26
SoldAMBIT INVESTMENT ADVISORS PRIVATE LIMITED · NSE3.69 L @ ₹115.979 Sep 26
BoughtPANKAJ PRASOON AND (HUF) · NSE1.40 L @ ₹111.3627 Aug 26
Stake changes
SoldBandhan Mutual Fund→ 2.97% · 48,93126 Mar 25
BoughtRittick Roy Burman · promoter→ 0.03% · 40010 Aug 22
BoughtRittick Roy Burman · promoter→ 0.02% · 11516 Jun 22
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
80,676 votes for, 307 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Rittick Roy Burman (DIN: 08537366), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
80,526 votes for, 437 against · 0% of mutual funds and other big investors said no
3
Payment of commission to Independent Directors of the Company for the financial year ended March 31, 2025
Backed by 99% of shareholders other than promotersneeded 75%
80,485 votes for, 478 against · 0% of mutual funds and other big investors said no
4
Appointment of M/s. BKG & Company, Company Secretaries, as the Secretarial Auditor of the Company
Backed by 99% of shareholders other than promotersneeded 50%
80,483 votes for, 480 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 59.9% between them · as of 2026-06-30
Khadim Development Company Private Limited50.46%
Siddhartha Royburman8.89%
Tanusree Royburman0.48%
Rittick Roy Burman0.05%
Ritoban Roy Burman0.02%
Bee Tee Enterpriseno shares
Jayasri Maity Burmanno shares
Khadim Enterprisesno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹418 cr revenue and received ₹0.3 L back from them.
KHADIM DEVELOPMENT COMPANY PRIVATE LIMITED
Other income from them · Refer Disclosure of related party [TextBlock]
also owns 50.46% of the company
₹0.3 L
company received

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹15 cr raised in Jul 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 70% of what it set aside, leaving ₹4 cr still to be spent.

Working capital and long-term financial requirements, nationwide retail expansion and revamping of existing stores and for general corporate purposes
70%
₹10 cr of ₹15 cr
Spent by quarter: 35%42%49%54%59%70% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.