Recent Price Movement and Market Context
On 24 Nov 2025, Khadim India’s shares touched an intraday low of Rs.208.35, closing the day with a decline of 3.32%. This performance underperformed the broader footwear sector by approximately 3.46%. The stock has recorded losses over the last two consecutive trading sessions, with a cumulative return of -5.25% during this period. Notably, the current price level is substantially below the stock’s 52-week high of Rs.418.95, indicating a near 50% reduction in value over the past year.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. This contrasts with the broader market, where the Sensex opened 88.12 points higher and is trading at 85,369.59, just 0.51% shy of its own 52-week high of 85,801.70. The Sensex has been on a three-week consecutive rise, gaining 2.59%, supported by mega-cap stocks and bullish moving averages.
Financial Performance Highlights
Khadim India’s financial metrics over recent periods reveal challenges in both top-line and bottom-line performance. The company’s net sales for the latest quarter stood at Rs.101.60 crore, reflecting a contraction of 36.73% compared to previous periods. Profit after tax (PAT) for the latest six months was Rs.2.52 crore, showing a decline of 62.21%. Return on Capital Employed (ROCE) for the half-year was recorded at 3.38%, indicating limited efficiency in generating returns from capital investments.
Over the last five years, the company’s net sales have shown a compound annual growth rate (CAGR) of -4.87%, pointing to a shrinking revenue base. The average return on equity (ROE) stands at 6.90%, which suggests modest profitability relative to shareholders’ funds. Additionally, the company’s debt servicing capacity appears constrained, with a Debt to EBITDA ratio of 4.37 times, highlighting elevated leverage levels.
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Long-Term and Institutional Investor Trends
Examining Khadim India’s performance over the past year reveals a total return of -42.71%, which contrasts sharply with the Sensex’s positive return of 7.90% over the same period. The stock has also underperformed the BSE500 index across multiple time frames, including the last three years, one year, and three months, indicating persistent underperformance relative to broader market benchmarks.
Institutional investors have reduced their holdings by 1.96% in the previous quarter, collectively holding just 3.22% of the company’s shares. This decline in institutional participation may reflect a reassessment of the company’s fundamentals and growth prospects by investors with greater analytical resources.
Valuation and Comparative Metrics
Despite the subdued financial results and share price performance, Khadim India’s valuation metrics present some points of interest. The company’s ROCE of 7.5% is accompanied by an enterprise value to capital employed ratio of 1.6, which is considered attractive relative to historical averages. The stock is trading at a discount compared to its peers’ average valuations, suggesting that the market has factored in the company’s recent performance and outlook.
However, profitability has also been under pressure, with profits falling by 14.7% over the past year. This decline in earnings further contributes to the cautious market sentiment surrounding the stock.
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Summary of Key Concerns
The combination of declining sales, reduced profitability, and elevated leverage has contributed to the stock’s downward trajectory. The company’s limited ability to generate returns on equity and capital employed, alongside shrinking revenues, has weighed on investor confidence. The reduction in institutional holdings further underscores the cautious stance adopted by market participants.
While the broader market indices have shown resilience and positive momentum, Khadim India’s stock remains under pressure, reflecting sector-specific and company-specific factors that have influenced its valuation and trading levels.
Market Position and Industry Context
Khadim India operates within the footwear industry, a sector that has experienced varied performance across different companies. The stock’s recent underperformance relative to the footwear sector highlights challenges unique to the company, including its financial metrics and market valuation. The sector itself has seen mixed trends, with some companies benefiting from consumer demand recovery and others facing headwinds.
In this context, Khadim India’s current share price at Rs.208.35 represents a significant discount to its 52-week high and reflects the market’s assessment of its recent financial and operational outcomes.
Conclusion
Khadim India’s stock reaching a 52-week low of Rs.208.35 marks a notable point in its recent trading history. The decline is underpinned by a combination of subdued financial results, reduced institutional participation, and valuation pressures. While the broader market and sector indices have shown positive trends, Khadim India’s share price continues to reflect the challenges faced by the company over the past year.
Investors and market observers will continue to monitor the company’s financial disclosures and market developments to gauge any shifts in its performance trajectory.
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