Micro FMCG

Khadim India Ltd.

KHADIM

₹269.65

1.62% (4.3)

Market Cap

₹481 Cr.

P/E

95.00

Khadim India Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Khadim India Ltd. Shareprice

Has the share price of Khadim India grown faster than its competition?

Khadim India has given better returns compared to its competitors.
Khadim India has grown at ~13.88% over the last 3yrs while peers have grown at a median rate of -4.56%

Is Khadim India stock expensive?

Khadim India is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA.
Latest PE of Khadim India is 95.0, while 3 year average PE is 47.41.
Also latest EV/EBITDA of Khadim India is 8.64 while 3yr average is 16.17.

View FAQ's On Business

Growth Table

Khadim India Ltd.
Relaxo Footwears
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Campus Activewear
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-22.10	8.02	12.75	3.15	15.69	-1.90	-14.09	—	—	—
TTM EPS CAGR	-21.91	-46.95	-9.91	—	—	-22.36	-25.50	—	—	—
Sales CAGR	0.64	-7.21	-1.29	-2.39	-5.93	-5.52	-3.86	8.83	—	—
PAT Margin (Abs Growth)	-1.63	-0.07	6.28	5.07	-1.63	-4.04	-3.99	-3.70	5.06	-1.51
PE CAGR	0.51	103	26.40	—	—	26.02	14.90	—	—	—
CFO CAGR	30.68	29.65	2.46	-2.58	—	24.04	7.55	0.39	31.18	3.05

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Khadim India Ltd.
Relaxo Footwears
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Campus Activewear
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	588	727	636	658	747	745	761
Non Current Assets	212	360	309	277	316	313	273
Net Block	132	277	230	201	244	244	77.33
Capital Work in Progress	1.74	0.64	1.10	0.91	0.76	0.15	0.02
Intangible Assets Under Development	0.03	0.09	0.15	0.07	0.32	—	0.19
Long Term Investments	—	—	—	—	—	—	—
Current Assets	372	377	347	400	444	444	489
Inventory	155	170	141	168	180	194	217
Accounts Receivable	134	119	121	133	188	185	221
Short Term Investments	—	—	—	—	—	—	—
Cash & Bank Balances	8.57	7.99	3.93	10.71	14.33	17.19	13.13
Liabilities	588	727	636	658	747	745	761
Shareholders Funds	288	233	201	208	225	240	251
Share Capital	17.97	17.97	17.97	17.97	17.97	18.13	18.38
Reserves	269	215	182	188	206	218	233
Non Current Liabilities	43.96	178	143	122	193	195	169
Secured Loans	—	—	19.29	14.84	11.85	6.25	—
Unsecured Loans	—	—	—	—	—	—	11.01
Current Liabilities	256	315	292	328	329	311	341
Accounts Payable	132	158	167	180	181	156	197
Short Term Loans	109	116	82.11	107	103	111	103

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Khadim India Ltd.
Relaxo Footwears
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Campus Activewear
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	799	772	626	591	660	615	568
Operating Expenses	740	738	621	542	586	541	501
Raw Material	525	508	417	388	408	347	106
Material Cost (%)	62.12	63.64	71.20	62.81	58.06	54.65	13.21
Employee Cost	72.06	73.27	60.81	57.36	71.91	72.16	71.31
Power & Fuel Cost	16.61	17.91	15.25	17.07	18.25	17.31	—
Operating Profit	59.12	33.90	4.80	49.19	74.74	73.67	67.39
Other Income	6.34	6.67	18.08	16.27	17.48	9.02	10.78
OPM (%)	7.40	4.39	0.77	8.32	11.32	11.98	11.85
Depreciation and Amortisation	18.43	41.94	39.24	33.58	38.37	40.44	37.67
Interest	13.83	32.72	26.80	24.13	31.30	34.03	28.78
Profit Before Tax	33.20	-34.08	-43.15	7.75	22.54	8.22	11.72
Tax	12.03	-2.81	-10.21	1.31	5.06	1.94	2.13
Net Profit	21.17	-31.27	-32.94	6.44	17.48	6.28	5.06
Number of shares(Crs)	1.80	1.80	1.80	1.80	1.80	1.81	—
Dividend Payout Ratio(%)	8.49	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Khadim India Ltd.
Relaxo Footwears
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Campus Activewear
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	-10.71	57.13	47.83	30.61	39.38	51.46	67.07
Profit Before Tax	33.20	-34.08	-43.15	7.75	22.54	8.22	6.97
Adjustments	28.54	73.03	54.13	46.83	56.85	70.16	67.35
OCF Before Working Capital	61.75	38.94	10.98	54.59	79.39	78.38	74.32
Working Capital Changes	-55.45	20.54	36.29	-25.02	-41.30	-25.84	-6.97
Taxes Paid	-17.01	-2.35	0.56	1.04	1.29	-1.08	-0.28
Cash from Investing Activity	-15.36	-15.11	-2.07	-13.83	19.87	-9.53	-8.88
Net Fixed Assets Purchased	-23.90	-16.61	-3.25	-8.21	9.72	-9.95	-11.78
Fixed Assets Purchased	-25.18	-16.62	-3.42	-8.28	-15.02	-10.42	-11.94
Fixed Assets Sold	1.29	0.01	0.16	0.06	24.73	0.47	0.16
Investment Purchased	-16.64	-8.43	-4.59	-11.55	-6.63	-7.84	—
Investment Sold	24.12	9.66	5.38	5.51	4.11	7.43	—
Interest Recieved	1.06	0.26	0.40	0.42	1.30	0.84	0.81
Dividends Recieved	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—
Cash from Financing Activity	-17.13	-25.83	-44.54	-41.78	-62.80	-50.51	-41.53
Proceeds From Shares	0.14	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	23.85	-4.08	-3.67	-4.75	5.54
Proceeds From Borrowings	—	—	26.00	0.55	3.50	6.60	10.46
Repayment From Borrowings	—	—	-2.15	-4.63	-7.17	-11.35	-4.91
Interest Paid	-11.70	-13.91	-12.59	-11.90	-13.63	-14.01	-12.42
Dividend Paid	-1.80	-1.80	—	—	—	—	—
Net Cash Flow	-43.20	16.18	1.23	-25.00	-3.55	-8.58	16.66
Opening Cash & Cash Equivalents	-34.98	-78.17	-61.99	-60.76	-85.76	-89.31	-97.89
Effect of FX	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	-78.17	-61.99	-60.76	-85.76	-89.31	-97.89	-81.23
Net Capex (est)	23.90	16.61	3.25	8.21	-9.72	9.95	11.78
Free Cash Flow (est)	-34.61	40.52	44.58	22.40	49.10	41.50	55.29

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Khadim India Ltd.
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Campus Activewear
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	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.85	0.66	0.71	0.71	0.80	0.80
Liquid Assets (Crs)	217	207	207	232	264	250
Current Liabilities (Crs)	256	315	292	328	329	311
Current Ratio	1.45	1.19	1.19	1.22	1.35	1.43
Current Assets (Crs)	372	377	347	400	444	444
Current Liabilities (Crs)	256	315	292	328	329	311
Interest Coverage Ratio	3.40	-0.04	-0.61	1.32	1.72	1.24
EBIT (Crs)	47.03	-1.36	-16.36	31.88	53.84	42.25
Interest Expenses (Crs)	13.83	32.72	26.80	24.13	31.30	34.03
Fixed Asset Turnover	4.46	2.13	1.81	1.78	1.67	1.48
Net Sales (Crs)	799	772	626	591	660	615
Fixed Assets (Crs)	179	363	346	331	396	416
Cash Conversion Cycle	34.99	67.15	27.16	3.02	13.07	38.62
Inventory Days	70.79	76.76	90.45	95.29	96.29	111
Days Receivable	61.25	59.84	69.85	78.37	88.63	110
Days Payable	97.05	69.45	133	171	172	183
Debt to Equity Ratio	0.38	0.50	0.53	0.61	0.53	0.51
Total Debt (Crs)	109	116	106	127	119	122
Shareholders Equity (Crs)	288	233	201	208	225	240
Free Cash Flow/Sales (%)	-4.33	5.25	7.12	3.79	7.44	6.75
Free Cash Flow(est) (Crs)	-34.61	40.52	44.58	22.40	49.10	41.50
Net Sales (Crs)	799	772	626	591	660	615
Profitability Ratios
Gross Margin (%)	37.88	36.36	28.80	37.19	41.94	45.35
Op Profit Margin (%)	7.40	4.39	0.77	8.32	11.32	11.98
Operating Profit (Crs)	65.46	40.58	22.88	65.46	92.22	82.69
Net Sales (Crs)	799	772	626	591	660	615
Net Profit Margin (%)	2.65	-4.05	-5.26	1.09	2.65	1.02
Net Profit (Crs)	21.17	-31.27	-32.94	6.44	17.48	6.28
Net Sales (Crs)	799	772	626	591	660	615
ROCE (%)	14.18	-0.33	-4.76	9.66	12.86	9.72
EBIT (Crs)	47.03	-1.36	-16.36	31.88	53.84	42.25
Capital Employed (Crs)	332	411	344	330	419	435
Return on Assets (%)	3.60	-4.30	-5.18	0.98	2.34	0.84
Net Profit (Crs)	21.17	-31.27	-32.94	6.44	17.48	6.28
Total Assets (Crs)	588	727	636	658	747	745
ROIC (%)	9.82	-2.16	-9.05	4.75	7.87	6.90
Op Profit after Taxes (Crs)	25.94	-7.37	-26.29	12.96	28.20	25.38
Invested Capital (Crs)	264	341	290	273	358	368
ROE (%)	7.36	-13.39	-16.40	3.10	7.76	2.62
Net Profit Margin (%)	2.65	-4.05	-5.26	1.09	2.65	1.02
Asset Turnover ratio	1.36	1.06	0.98	0.90	0.88	0.83
Equity Multiplier	2.04	3.11	3.17	3.17	3.32	3.11
Adjusted EPS	11.78	-17.40	-18.33	3.58	9.73	3.46
Valuation Ratios
P/E	40.40	0.00	0.00	62.04	18.98	88.45
Price to Book	2.98	0.59	1.32	1.93	1.48	2.35
EV/EBITDA	14.60	6.05	16.03	7.87	4.74	7.99
Dividend Yield (%)	0.21	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Khadim India Ltd.
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Campus Activewear
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	149	159	158	157	156	93.55	154	161	160	93.80
Operating Expenses	132	143	140	139	138	73.42	137	141	145	77.89
Increase/Decrease in Stock	14.33	4.89	-29.97	-16.95	3.28	25.85	-22.35	-22.88	10.57	4.12
Raw Material	30.77	41.70	40.86	27.50	31.63	1.16	36.15	33.82	32.13	3.51
Employee Cost	17.63	18.72	18.12	18.49	17.78	14.13	18.49	19.26	19.05	14.51
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	16.75	16.38	18.27	17.65	18.20	20.13	17.38	19.29	14.80	15.91
Other Income	6.41	6.53	1.53	2.60	1.78	2.96	1.52	1.84	4.43	2.99
Interest	7.30	7.91	7.49	7.82	7.54	7.01	7.74	7.58	7.43	6.03
PBDT	15.86	15.01	12.31	12.43	12.45	16.08	11.16	13.55	11.80	12.87
Depreciation and Amortization	10.14	9.91	10.10	10.29	9.98	6.98	10.26	10.37	10.22	6.82
Profit Before Tax	5.72	5.10	2.22	2.14	2.46	9.10	0.91	3.18	1.58	6.06
Tax	0.90	0.81	0.57	0.35	0.65	1.15	0.26	0.85	0.42	0.61
Profit After Tax	4.82	4.29	1.65	1.79	1.82	7.94	0.65	2.33	1.16	5.45
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	4.82	4.29	1.65	1.79	1.82	1.02	0.65	2.33	1.16	0.92
Quarterly Ratios
EPS	2.68	2.39	0.92	0.99	1.01	0.57	0.36	1.27	0.63	0.50
Operating Profit Margin	11.24	10.29	11.57	11.23	11.65	21.51	11.30	12.01	9.24	16.97
Net Profit Margin	3.23	2.69	1.04	1.14	1.17	1.10	0.42	1.45	0.72	0.98

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

79.30%

Implied Growth Rate over a 5 year period*

30.00%

Implied Growth Rate over a 10 year period*

14.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Khadim India Ltd. Financials

How strong is Khadim India balance sheet?

Balance sheet of Khadim India is moderately strong, But short term working capital might become an issue for this company.

Is the debt of Khadim India increasing or decreasing?

Yes, The net debt of Khadim India is increasing.
Latest net debt of Khadim India is ₹101 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹91.17 Crs.

Is the profitablity of Khadim India improving?

No, profit is decreasing.
The profit of Khadim India is ₹5.06 Crs for TTM, ₹6.28 Crs for Mar 2024 and ₹17.48 Crs for Mar 2023.

Does Khadim India pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Khadim India latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Khadim India allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Inventory

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Khadim India Ltd.

Khadim India Ltd.

Has the share price of Khadim India grown faster than its competition?

Is Khadim India stock expensive?

How strong is Khadim India balance sheet?

Is the debt of Khadim India increasing or decreasing?

Is the profitablity of Khadim India improving?

Does Khadim India pay decent dividends?

How has Khadim India allocated its funds?

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