Check out the share trend of Khadim India Ltd.
Khadim India Ltd. – Highlights
- The share price of Khadim India Ltd., was trading at Rs.288.60, up by 20% hitting a 52-week high in today’s trading session.
- The stock has increased by 52.42% in last one week, while the benchmark index S&P BSE Sensex has decreased by 0.37%.
- The main reason behind the rally in stock price was after after the company reported its a quarter ended March 2021 (Q4FY21) results.
- The company’s Ebitda and profit after tax (PAT) turned positive in the March ended quarter (Q4FY21), at Rs 14.09 crore and Rs 11.52 crore, respectively, compared to losses in the corresponding quarter last year. Revenue from operations increased 70.7 % year on year (YoY) to Rs 270 crore, up from Rs 158 crore in the march ended quarter (Q4FY20).
- In Q4, the company concentrated on reducing inventory in the retail and distribution businesses, as well as clearing debtors’ dues. During the quarter, the retail business grew at a healthy rate. If there is no further lockdown, the company is expected to resume its growth trajectory.
- The distribution business, according to the company, has maintained its growth momentum. Gross margins improved significantly in both the retail and distribution verticals during the quarter. The Education Department of Uttar Pradesh has awarded the company a Rs 128 crore institutional order for the supply of school bags.
- The company is one of India’s leading footwear brands, with a two-pronged focus on footwear retail and distribution. It is India’s second largest footwear retailer in terms of the number of exclusive retail stores operating under the ‘Khadim’s’ brand, with the largest presence in East India and one of the top three in South India. The company operates in two distinct business verticals, retail and distribution, each with its own customer base, sales channels, and product line. In addition, the company is involved in institutional sales and footwear export.
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Disclaimer: This document and the process of identifying the potential of a company has been produced for only learning purpose. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.
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