Khadim India Stock Research

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Khadim India Detail

Khadim India is in portfolio of Ashish Kacholia. He is one of the top investors in India. The company belongs to Leather or Footwear sector.

As per the Company website it is one of the leading footwear brands in India. It is second largest footwear retailer in India in terms of number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India and one of the top three players in South India.

It had the largest footwear retail franchisee network in India in fiscal 2016. Below are the brands from the Company. It will help you recognize it and understand reach of the Company as well.

  • Men Brands
    • British Walker
    • Lazard
    • Turk
  • Women Brands
    • Cleo
    • Sharon
  • Teenagers both Gender
    • Pro
    • Softtouch
  • Kids
    • Adrianna for girls
    • Bonito for boys
  • It also sells accessories like Bags and Wallets as well
  • The Company sells products for every gender and age group under Khadims brand.
  • It also sells school shoes as well.
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It is also expanding its footprint and have started exporting the products as well. Company has major presence in East India. The headquarter is located in Kolkata whereas it has regional offices in Chennai and Delhi.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Khadim India Stock Performance

The stock is new listing on stock exchanges. It got listed in year 2017 at listing price close to 670 INR. After listing it did perform well for investors touching 800 mark in next one year giving close to 20% return. But since then during recent correction the stock prices have been hit hard.

It is making new lows continuously and right now trading close to 300 INR which is more than 50% discount from the listing price. Since it is making new lows without any consolidation people should not enter into the script as of now. They should wait for the prices to stabilize before making any decision.

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Khadim India My Opinion

Khadim India is a Leather Company. It targets middle class and lower middle class consumer groups of India through its products. The products are leather based like Shoes, Slippers and bags for all age group and Gender orientation. So it can be viewed as one stop shop for Footwear just like Bata.

The Company has exclusive stores as well as multi brand stores to cater consumers in Metros as well as Tier 1 and Tier 2 cities of India. It is major brand in Eastern India as the head office is located in Kolkata.

Footwear sector will see growth in India. The reason are simple. Population growth will proper growth for demands of it. There will be increasing number of School going children. That will help increase growth of School bags and Shoes. The economy growth and spread of education along with population will drive demand for footwear.

There are challenges as well from Online retailers as many foreign brands are entering Indian market. But most of those cater high income group individuals. Also there is significance presence of smaller players in Lower and Middle income group. If Company can muscle the market share from these smaller players then it will be growth trigger.

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I have not invested in Leather Footwear sector as of now but I will be tracking this Company. There is growth in this sector and people along with competition. It will be interesting to see how well the Company expands its network and products from here on.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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