KHADIMS

Introduction 

Khadim India limited is a prominent indian footwear brand which is specialised for durable, cosy, trendy footwear at affordable range. The company operates India’s 2nd largest branded footwear retail network. It holds a leading position in eastern and southern parts of India. 

Company Overview 

Khadim India Limited was established in 1981, in Kolkata. It is a multinational brand of footwear known for its “Affordable Fashion for Everyone”. It has a vast distribution and retail network specialised in quality products at reasonable price. 

The business model works vertically. It has a 2 way main vertical channel, one with retail and another with distribution. Retail has prominent revenue through exclusive stores, and the distribution has quarter revenue with wholesales. 

The company targets upper and middle-upper income consumers, who focus on quality and cosiness at the same time with reasonable pay. 

It maintains in-house production for its distribution process. 

Promoter and founder introduction

Khadim India Limited was founded by Shri Satya Prasad Roy Burman. In 1965, he purchased a small shop named KM khadim in Chitpur in Kolkata. He, with relentless efforts transformed the small local shop into India’s largest footwear retail company. The current promoter, executive chairman and managing director of the company is Siddhartha Roy Burman. Later, after the founder passed away, his grandson Rittik Roy Burman along with his father started managing the business. 

Satya Roy Burman    

Siddhartha Roy Burman

  Rittik Roy Burman

Financial statement analysis 

Income statement 

Balance sheet 

Cash flow

Key Ratios 

Key Interpretation and Insights

Strength

Khadim is India’s leading footwear brand, leaving a footprint as a top tier brand. 

Weakness 

Profitability remains a concern, with thin operating margins and a low Return on Equity (ROE) of approximately 2.2%. Additionally, Khadim suffers from high working capital intensity.

Risk Factor 

Khadim operates in an intensively competitive landscape, facing pressure from organized giants like Bata and Relaxo, as well as a massive unorganized sector. 

Future Outlook 

The company is pushing an aggressive premiumization strategy, aiming for higher-end sub-brands to contribute 25% of revenue. 

Conclusion 

Khadim India is currently a brand in transition, leveraging its strong regional equity and asset-light franchise model to pivot toward a more profitable, retail-centric future. 

Sources 

Khadim retail limited 

Screener

Zauba corp. 

Yahoo finance