Khadim India Limited (KHADIM.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+118.9%

₹268.75

vs ₹122.79 price

Levered DCF

₹22.30

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	46.5×	110.67×	91.96×	18.96×	61.96×	-8.01×	-4.41×	40.13×
P/B	0.86×	0.59×	2.41×	1.47×	1.92×	1.31×	0.59×	2.95×
P/S	0.39×	0.35×	0.94×	0.5×	0.67×	0.42×	0.18×	1.07×
EV / EBITDA	7.8×	5.65×	10.71×	6.88×	9.74×	22.15×	11.32×	15.08×
Gross margin	28.6%	54.4%	42.1%	18.8%	14.8%	24.3%	13.5%	19.8%
Operating margin	6.1%	39.9%	7.8%	5.5%	3.0%	-5.0%	-0.8%	5.2%
Net margin	0.8%	1.2%	1.0%	2.6%	1.1%	-5.3%	-4.1%	2.7%
Current ratio	1.38×	1.43×	1.43×	1.35×	1.22×	1.19×	1.19×	1.45×
Debt / equity	1.49×	1.18×	1.34×	1.38×	1.17×	1.22×	1.23×	0.38×
Interest coverage	0.85×	6.71×	1.52×	1.16×	0.73×	-1.18×	-0.19×	2.95×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.3%	0.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-5.7%	8.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.9%	2.0%	2.6%	7.8%	3.1%	-16.4%	-13.4%	7.4%
Return on invested capital	3.3%	26.9%	6.5%	5.3%	3.2%	-5.4%	-1.1%	6.5%
Return on assets	0.6%	0.7%	0.9%	2.4%	1.0%	-5.2%	-4.5%	3.9%
Free cash flow yield	1.6%	37.5%	7.1%	7.3%	5.6%	16.8%	29.4%	-4.2%
Earnings yield	2.2%	3.4%	1.1%	5.3%	1.6%	-12.5%	-22.7%	2.5%
Enterprise value	₹3.8B	₹4.3B	₹8.9B	₹6.3B	₹6.4B	₹5.1B	₹4.2B	₹9.5B
Net debt / EBITDA	4.87×	3.74×	3.78×	3.29×	3.65×	10.62×	7.6×	1.66×
Cash conversion cycle (days)	208	231	148	103	73	54	65	75