Khadim India vs Liberty Shoes: Share Price, Comparison and Key Differences

Khadim India MCap Rs 179 Cr, PE 57.63x (very small, thin ROE 2.48%), D/E 1.49. Liberty Shoes MCap Rs 447 Cr, PE 39.95x, ROE 4.79%, D/E 0.71.

Updated: 11 Aug 2026 • 1:21 pm

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Khadim India vs Liberty Shoes: Share Price, Comparison and Key Differences

Khadim India vs Liberty Shoes is a comparison value footwear investors look up when evaluating two smaller listed Indian footwear companies. Khadim India, a Kolkata-based footwear retailer, operates stores selling affordable, mass-market footwear (chappals, sandals, casual and formal shoes) primarily in East India. Liberty Shoes, a Karnal-based company, manufactures and retails Liberty-branded footwear targeting the value and mid-range segment across North and Central India. Both Khadim India vs Liberty Shoes are value footwear companies with regional strengths in the lower-to-mid price point segment.

This Khadim India vs Liberty Shoes article covers reach and market position, key products, latest declared results and stock valuation. The Khadim India vs Liberty Shoes data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Khadim India vs Liberty Shoes: Reach and Market Position

On the Khadim India side of the Khadim India vs Liberty Shoes comparison, Khadim India operates 850+ own stores in East and South India selling affordable footwear. Market capitalisation is Rs 179 Cr.

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On the Liberty Shoes side of the Khadim India vs Liberty Shoes comparison, Liberty Shoes manufactures footwear from Haryana and retails Liberty-branded products through own stores, multi-brand outlets and franchises across India. Market capitalisation is Rs 447 Cr.

Khadim India vs Liberty Shoes: Key Products and Business Mix

In the Khadim India vs Liberty Shoes product comparison, Khadim India offers: Khadim India earns from footwear retail through company-operated and franchised stores. EPS is Rs 1.69 (thin). PE is 57.63x, ROE 2.48 percent, D/E 1.49. Khadim India is a very small company (Rs 179 Cr market cap) with distressed metrics.

For Liberty Shoes in this Khadim India vs Liberty Shoes breakdown: Liberty Shoes earns from branded footwear manufacturing and retail. EPS is Rs 6.57. PE is 39.95x, ROE 4.79 percent, D/E 0.71. Liberty has a slightly larger market cap and higher ROE than Khadim.

Khadim India vs Liberty Shoes: Latest Results

The Khadim India vs Liberty Shoes results for Khadim India: Khadim India has a market cap of Rs 179 Cr and PE of 57.63x. ROE is 2.48 percent with D/E of 1.49 – indicating significant debt relative to its small equity base. Khadim India is a very small, distressed-metrics company. Investors should exercise extra caution.

The Khadim India vs Liberty Shoes results for Liberty Shoes: Liberty Shoes has a market cap of Rs 447 Cr and PE of 39.95x. ROE is 4.79 percent with D/E of 0.71. Liberty is 2.5 times larger than Khadim with somewhat healthier, though still thin, metrics.

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Khadim India vs Liberty Shoes: Stock and Valuation

The Khadim India vs Liberty Shoes stock comparison uses the latest available market data from Groww. Investors tracking Khadim India vs Liberty Shoes should verify current prices on NSE or BSE before trading.

Khadim India vs Liberty Shoes at current valuations: Khadim India trades at Rs 179 Cr market cap, PE 57.63x, ROE 2.48 percent, D/E 1.49. Liberty Shoes trades at Rs 447 Cr market cap, PE 39.95x, ROE 4.79 percent. Both are very small footwear companies with thin earnings. Liberty has more scale and lower debt. Investors should review with caution given their small size.

Khadim India vs Liberty Shoes: Quick Comparison Table

The Khadim India vs Liberty Shoes comparison table below summarises the key metrics covered in this article side by side.

Parameter	Khadim India	Liberty Shoes
Sector	Value footwear retail: East India focus (chappals, sandals, casual)	Value-mid footwear: manufacture + retail (Liberty brand, North India)
Market Cap	Rs 179 Cr (very small)	Rs 447 Cr
P/E Ratio	57.63x (thin earnings)	39.95x
ROE	2.48%	4.79%
Debt to Equity	1.49 (high for size)	0.71
Stores	850+ (own + franchise)	Own stores + MBO + franchise
Geography	East and South India dominant	North and Central India dominant

Conclusion

The Khadim India vs Liberty Shoes comparison above covers the key data points on reach, products, results and valuation. Khadim India vs Liberty Shoes covers two value footwear companies with thin earnings and limited scale compared to premium listed Indian footwear companies (Bata, Metro Brands, Campus). Both face competition from unorganised footwear and fast-growing online channels. Khadim India is particularly small (Rs 179 Cr) with concerning debt levels. Khadim India vs Liberty Shoes investors should review revenue growth, store count, debt reduction and margin recovery. These are very small-cap footwear stocks with high risk. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Khadim India sell?

Ans. Khadim India sells affordable mass-market footwear – chappals, sandals, school shoes, casual and formal footwear – targeting price-conscious consumers in East India through its own and franchised stores.

What does Liberty Shoes sell?

Ans. Liberty Shoes manufactures and sells Liberty-branded footwear through own stores, multi-brand footwear outlets and franchise stores. It targets the value-to-mid-price footwear segment primarily in North and Central India.

Are Khadim India and Liberty Shoes small-cap stocks?

Ans. Yes. Both are very small-cap companies. Khadim India at Rs 179 Cr is micro-cap with distressed financial metrics. Liberty Shoes at Rs 447 Cr is also very small. Investors should understand the liquidity and governance risks of very small-cap stocks.

Why is Khadim India so small?

Ans. Khadim India has struggled to scale its value footwear retail format profitably, facing competition from unorganised footwear sellers and online channels. Its Rs 179 Cr market cap and 1.49 D/E reflect ongoing financial challenges.

Are Khadim and Liberty in Nifty 50?

Ans. Neither is in Nifty 50. Both are tracked in micro/small-cap indices.

What are the risks of investing in very small footwear companies?

Ans. Small footwear companies face risks of liquidity (low trading volumes), competition from D2C brands and unorganised footwear, limited pricing power, debt service burden and governance.