1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Khadim India Limited

Khadim India Limited

KHADIM.NS
Khadim India LimitedIN flagNational Stock Exchange of India
105.00
INR
-0.10
- -
1.93BMarket Cap
Khadim India Limited
KHADIM.NS
(National Stock Exchange of India)

Recent

price

105.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
- -
- -
- -
349.1
422.3
440.28
423.65
343.89
323.69
361.41
234.81
228.02
200.19
196.03
Revenue per Share
- -
- -
- -
- -
17.71
21.6
11.78
-17.4
-18.33
3.58
9.73
3.49
2.76
1.69
1.65
Basic EPS, GAAP
- -
- -
- -
- -
7.34
-4.42
-19.98
22.55
24.72
12.43
13.56
22.83
30.07
8.77
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1
1
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
31.21
48.94
70.04
78.74
48.54
30.31
33.99
43.84
47.38
49.55
10.02
9.81
Book Value per Share
- -
- -
- -
87.78
105.55
152.24
159.64
129.66
111.51
115.27
125.03
132.81
136.61
90.61
88.73
Tangible Book Value per Share
17
17
17
17
17
18
18
18
18
18
18
18
18
18
19
Basic Weighted Avg Shares
- -
- -
- -
- -
6,038
7,412
7,910
7,613
6,180
5,817
6,494
4,221
4,180
3,671
3,671
Sales/Revenue/Turnover
- -
- -
- -
- -
8.51
8.53
5.15
-0.82
-5.12
3.12
5.83
11.68
8.7
6.07
6.05
Operating Margin (%)
- -
- -
- -
- -
157
156
184
419
392
336
384
404
405
268
268
Depreciation Expense
- -
- -
- -
- -
306
379
212
-313
-329
64
175
63
51
31
31
Net Income, GAAP
- -
- -
- -
- -
24.42
33.46
36.24
- -
- -
16.95
22.46
14.26
11.95
38.11
37.81
Effective Tax Rate (%)
- -
- -
- -
- -
5.07
5.11
2.68
-4.11
-5.33
1.11
2.69
1.49
1.21
0.84
0.84
Profit Margin (%)
- -
- -
- -
-46
227
1,046
1,155
612
551
718
1,158
1,328
1,480
982
982
Working Capital
- -
- -
- -
71
2
- -
- -
1,489
1,365
1,140
1,803
1,804
1,688
1,232
1,232
LT Debt
- -
- -
- -
1,533
1,840
2,685
2,877
2,334
2,008
2,075
2,252
2,396
2,513
1,669
1,669
Total Equity
- -
- -
- -
- -
13.84
13.37
7.11
- -
- -
3.41
6.04
7.8
5.86
2.89
2.89
Return on Invested Capital (%)
- -
- -
- -
- -
22.54
23.95
12.94
- -
- -
8.41
11.56
7.13
6.81
5.92
5.94
Return on Capital (%)
- -
- -
- -
- -
44.2
36.52
16.01
-27.35
-46.5
11.14
24.99
7.66
5.75
5.68
5.68
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,236
- -
1,260
LT Borrowings
167
- -
140
LT Finance Leases
1,151
- -
1,092
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
- -
18
Market Capitalization
4,720
3,310
1,472

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,798
- -
3,540
Cash, Cash Equivalents & STI
147
- -
132
Accounts Receivable, Net
1,985
- -
1,864
Inventories
1,439
- -
1,289
Total Current Liabilities
2,784
- -
2,559
Payables & Accruals
- -
- -
- -
ST Debt
1,236
- -
1,260
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.98%
-2.09%
-33.6%
Free Cash Flow
- -
-1.74%
-70.82%
Net Income, GAAP
- -
-14.06%
-38.75%
Sales/Revenue/Turnover
- -
-8.47%
-12.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,580
1,571
1,562
1,335
4,221
2025
1,041
1,099
1,102
938
4,180
2026
957
1,016
862
836
3,671

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.92
0.99
1.01
- -
3.49
2025
0.36
1.27
0.63
0.5
2.76
2026
0.46
0.91
-0.09
0.41
1.69

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Khadim India Limited is a leading footwear company engaged in the manufacturing, retailing, and distribution of footwear and related accessories primarily in India. The company offers a broad portfolio of products including men's, women's, and children's footwear such as sandals, slippers, boots, casual shoes, and sports shoes, alongside bags, wallets, and other accessories under various brands including British Walkers, Lazard, Turk, Cleo, Sharon, Pro, Softouch, Adrianna, and Bonito. Established in 1981 and headquartered in Kolkata, Khadim India operates through two distinct business verticals: retail and distribution. The retail segment serves middle to upper-middle income consumers through exclusive Khadim-branded stores predominantly in metro and tier 1 to tier 3 cities across India, especially strong in Eastern and Southern regions, while the distribution segment caters to lower and middle-income consumers via multi-brand outlets. In recent years, the company has undertaken significant strategic changes including the demerger of its distribution business completed in early 2025 to enhance focus and operational efficiency of its core retail business, which operates approximately 848 stores. Additionally, Khadim India has expanded its retail footprint by opening 75 new stores in fiscal year 2024-25 and is transitioning underperforming franchisee stores to a commission-based model to improve profitability. The company is also leveraging quick commerce initiatives and e-commerce platform partnerships while adopting an asset-light model by outsourcing a majority of its product manufacturing, contributing to margin improvements and cost rationalization. These strategic moves aim to increase the retail business revenue beyond INR 600 crore by fiscal 2025-26 and sharpen its competitive position in the Indian footwear market. Khadim India Limited continues to focus on product innovation, customer satisfaction, and regional expansion to consolidate its leadership in the footwear industry.