Kanani Industries Ltd.

•

kananiindustries.comBSE: 506184NSE: KANANIIND

Market Cap₹ 31 Cr.

Current Price

High / Low₹ 2 / 1

Stock P/E13.6

Book Value₹ 4

Price to Book0.50

Dividend Yield0.00 %

ROCE1.2 %

ROE1.2 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 6.41x)
Company has consistently been profitable over the last 5 years
Company comfortably covers its interest (45.2x coverage)
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (63.8% of PBT)
Company has a low return on capital employed of 2.3%
Company has a low return on equity of 1.9% over last 3 years
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -4.5pp
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TITAN	5070.00	78.14	450107.58	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	589.20	42.40	60849.69	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	THANGAMAYL	5237.95	41.63	16280.61	0.34	85.09	86.15	2666.38	71.44	26.62	5.43
4.	LALITHAA	264.45	14.66	14801.53	0.00	—	—	—	—	43.11	—
5.	BLUESTONE	813.50	220.69	12428.55	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	SKYGOLD	752.00	34.76	11646.52	0.00	104.90	140.67	2012.79	77.93	23.71	7.79
7.	PCJEWELLER	10.18	12.81	9927.67	0.00	221.88	37.02	877.04	20.99	6.61	27.54
8.	AUGMONT	952.85	26.07	8706.52	0.00	—	—	—	—	70.86	—
9.	SENCO	349.70	10.04	5731.62	0.50	1011.43	866.46	30560.27	1573.37	22.86	6.97
10.	GOLDIAM	343.40	24.52	5170.13	0.60	73.97	120.06	326.03	41.92	25.11	20.33
11.	VAIBHAVGBL	214.80	12.64	3600.43	2.79	56.38	49.83	917.07	12.70	18.41	10.55
12.	KANANIIND	1.55	13.60	30.67	0.00	-0.04	-113.43	64.29	-23.19	1.23	-0.04

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	82	66	22	53	67	47	21	34	84	49	28	13	64
	81	65	22	54	66	47	20	34	83	48	28	12	64
Operating Profit	0	1	-0	-0	0	-0	0	-0	0	1	0	0	-0
OPM %	0.38%	0.88%	-0.59%	-0.39%	0.35%	-0.15%	2.01%	-0.74%	0.36%	1.05%	0.28%	3.49%	-0.04%
Other Income	0	-0	0	0	0	0	0	0	-0	1	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	0	0	-0	0	0	0	1	-0	0	1	0	0	-0
Tax %	13.51%	8.11%	22.22%	0.00%	3.70%	0.00%	4.05%	4.00%	3.45%	8.11%	7.14%	-22.22%	-26.67%
Net Profit	0	0	0	0	0	0	1	-0	0	1	0	1	-0
	0	0	-0	0	0	0	0	-0	0	0	0	0	0
Equity Capital	10	10	10	20	20	20	20	20	20	20	20	20	20
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	496	443	386	344	377	312	291	270	223	168	154
	493	443	385	340	373	311	289	267	222	168	153
Operating Profit	3	2	2	4	4	2	3	3	1	1	—
OPM %	1	0	1	1	1	1	1	1	1	1	—
Other Income	0	2	1	0	1	1	1	0	1	1	1
Interest	1	1	1	1	1	1	1	1	1	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
	2	1	1	2	3	1	2	2	1	1	2
Tax %	9	25	14	7	7	19	10	6	8	4	2
Net Profit	2	1	1	2	3	0	2	2	1	1	2
EPS	0	0	0	0	0	0	0	0	0	0	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	0	0	0	0	0	0	0	0	—

COMPOUNDED SALES GROWTH

10 Years:: -9%
5 Years:: -15%
3 Years:: -17%

COMPOUNDED PROFIT GROWTH

10 Years:: -7%
5 Years:: -21%
3 Years:: -24%

STOCK PRICE CAGR

10 Years:: -19%
5 Years:: -19%
3 Years:: -25%
1 Year:: -26%

RETURN ON EQUITY

10 Years:: 3%
5 Years:: 2%
3 Years:: 2%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	10	10	10	10	10	10	10	10	20	20
	39	39	40	43	47	47	49	53	43	45
	28	27	31	32	21	20	24	21	0	0
Trade Payables	90	78	74	60	73	55	57	36	25	28
	2	2	4	6	5	2	1	10	6	0
Total Liabilities	169	156	160	151	155	133	141	131	95	93
ASSETS	-	-	-	-	-	-	-	-	-	-
	1	1	0	1	0	0	0	0	0	0
	18	24	26	30	31	19	33	26	17	20
	0	0	0	0	0	0	0	0	75	71
Cash & Bank	15	10	10	10	4	4	5	8	1	1
	136	122	123	109	119	110	103	96	1	1
Total Assets	169	156	160	151	155	133	141	131	95	93
Total Debt	30	29	35	37	25	22	24	31	6	0
Net Working Capital	50	50	53	58	60	58	59	72	69	65
Contingent Liabilities	15	15	6	8	0	0	0	0	0	0
Book Value per Share	4.92	4.94	5.03	5.31	5.71	5.71	5.94	6.33	3.20	3.28
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6	-4	-7	-1	6	3	-2	-2	19	6
Cash from Investing	-0	-0	-0	-0	0	0	-0	-0	0	0
Cash from Financing	-5	-1	6	2	-12	-3	2	6	-26	-6
	1	-5	-0	1	-6	-0	0	3	-7	-0
Free Cash Flow	6	-4	-7	-2	6	3	-2	-2	19	6
OCF / Net Profit	3.12	-7.09	-8.18	-0.52	2.41	6.83	-0.98	-0.90	31.08	7.24
Cumulative 5-Year FCF	0	0	0	0	0	-3	-1	4	25	24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.19	0.05	0.08	0.22	0.26	0.04	0.18	0.22	0.03	0.04
Book Value (₹)	4.92	4.94	5.03	5.31	5.71	5.71	5.94	6.33	3.20	3.28
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.10	0.03	0.05	0.12	0.14	0.03	0.10	0.11	0.03	0.04
PROFITABILITY
Operating Margin %	0.59%	0.47%	0.63%	1.10%	1.05%	0.60%	1.02%	1.25%	0.25%	0.20%
Net Margin %	0.39%	0.11%	0.21%	0.63%	0.68%	0.14%	0.62%	0.80%	0.28%	0.46%
ROE %	4.05%	1.03%	1.64%	4.26%	4.70%	0.78%	3.13%	3.58%	0.98%	1.22%
ROCE %	3.53%	2.57%	2.90%	4.02%	4.45%	2.22%	3.54%	3.74%	1.80%	1.23%
	1.18%	0.31%	0.51%	1.40%	1.68%	0.30%	1.32%	1.60%	0.55%	0.83%
EFFICIENCY
Debtor Days	95	105	115	122	110	134	133	133	139	159
Inventory Days	13	18	24	30	30	29	33	40	35	40
Payable Days	61	70	73	73	66	76	72	65	51	58
	47	53	66	80	74	87	94	108	124	140
FINANCIAL HEALTH
Debt to Equity (x)	0.62x	0.59x	0.71x	0.71x	0.45x	0.39x	0.42x	0.50x	0.09x	0.00x
Interest Coverage (x)	3.94x	1.51x	1.67x	2.99x	3.55x	1.44x	3.37x	3.33x	1.84x	45.23x
	1.42x	1.47x	1.50x	1.63x	1.64x	1.78x	1.72x	2.25x	3.68x	3.31x
GROWTH
Revenue Growth %	11.68%	-10.77%	-12.87%	-10.75%	9.42%	-17.26%	-6.69%	-6.96%	-17.63%	-24.39%
Operating Profit Growth %	-5.58%	-27.90%	16.35%	54.81%	4.79%	-52.63%	57.53%	14.52%	-55.80%	-43.26%
Net Profit Growth %	15.12%	-73.73%	60.47%	170.04%	17.57%	-82.86%	311.04%	20.37%	-71.59%	26.15%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-85.80%	26.28%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	120.83x	41.88x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.18x	0.50x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	53.09x	37.42x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	38.29	32.55	33.79	33.79	33.79	33.79	33.79	33.79	33.79
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	61.71	67.45	66.21	66.21	66.21	66.21	66.21	66.21	66.21

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Please find the attached letter Newspaper Publication Unaudited Financial Result for the Quarter ended June 30, 2026

2026-08-14

Record Date

2026-08-14 - Please find the attached letter Notice of Book Closure due to the 43Rd Annual General Meeting which is schedule to be held on Monday, September 28, 2026 as 11.00 A.M. (IST).

2026-08-13

Outcome of Board Meeting

2026-08-13 - Kanani Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-13

Outcome of Board Meeting

2026-08-13 - Kanani Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.

2026-07-13

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-13 - Please find the attached file Certificate under Regulation 74(5) of the SEBI Regulation, 2018 for the quarter ended June 30, 2026

2026-06-25

Trading Window

2026-06-25 - Kanani Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-01

Copy of Newspaper Publication

2026-06-01 - Please find enclosed herewith copies of newspaper advertisement of Audited Financial Results for the Quarter and Year ended March 31, 2026, published in Mumbai Lakshadeep and Financial Express on May 31, 2026.

2026-05-30

Outcome of Board Meeting

2026-05-30 - With the reference to the above captioned subject, we are enclosing here with following documents as per detail given below.1. Standalone & Consolidated Audited Financial Result with the Audit Report on Financial Result of the Company for the quarter/year ended March 31, 2026; as wells as pursuant to the regulation 33 of the SEBI (listing obligations and disclosures requirements) regulations, 2015 as received from Statutory Auditors of the Company M/s. JMMK & Co., Chartered Accountants, Mumbai.2. Related party Transaction pursuant to Regulation 23(9) on consolidated basis for the year ended March 31, 2026.Kindly find the same in order.

2026-05-30

Outcome of Board Meeting

2026-05-30 - Kanani Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

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Free 5nance Account

Name

TITAN

5070.00

78.14

450107.58

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

589.20

42.40

60849.69

0.42

348.67

32.03

10588.93

45.68

24.86

5.97

THANGAMAYL

5237.95

41.63

16280.61

0.34

85.09

86.15

2666.38

71.44

26.62

5.43

LALITHAA

264.45

14.66

14801.53

0.00

—

43.11

—

BLUESTONE

813.50

220.69

12428.55

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

SKYGOLD

752.00

34.76

11646.52

0.00

104.90

140.67

2012.79

77.93

23.71

7.79

PCJEWELLER

10.18

12.81

9927.67

0.00

221.88

37.02

877.04

20.99

6.61

27.54

AUGMONT

952.85

26.07

8706.52

0.00

—

70.86

—

SENCO

349.70

10.04

5731.62

0.50

1011.43

866.46

30560.27

1573.37

22.86

6.97

GOLDIAM

343.40

24.52

5170.13

0.60

73.97

120.06

326.03

41.92

25.11

20.33

VAIBHAVGBL

214.80

12.64

3600.43

2.79

56.38

49.83

917.07

12.70

18.41

10.55

KANANIIND

1.55

13.60

30.67

0.00

-0.04

-113.43

64.29

-23.19

1.23

-0.04

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

OPM %

0.38%

0.88%

-0.59%

-0.39%

0.35%

-0.15%

2.01%

-0.74%

0.36%

1.05%

0.28%

3.49%

-0.04%

Other Income

-0

Interest

Depreciation

-0

Tax %

13.51%

8.11%

22.22%

0.00%

3.70%

0.00%

4.05%

4.00%

3.45%

8.11%

7.14%

-22.22%

-26.67%

Net Profit

-0

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

496

443

386

344

377

312

291

270

223

168

154

493

443

385

340

373

311

289

267

222

168

153

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

169

156

160

151

155

133

141

131

ASSETS

Cash & Bank

136

122

123

109

119

110

103

Total Assets

169

156

160

151

155

133

141

131

Total Debt

Net Working Capital

Contingent Liabilities

Book Value per Share

4.92

4.94

5.03

5.31

5.71

5.94

6.33

3.20

3.28

Face Value

1.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-4

-7

-1

-2

Cash from Investing

-0

Cash from Financing

-5

-1

-12

-3

-26

-6

-5

-0

-6

-0

-7

-0

Free Cash Flow

-4

-7

-2

OCF / Net Profit

3.12

-7.09

-8.18

-0.52

2.41

6.83

-0.98

-0.90

31.08

7.24

Cumulative 5-Year FCF

-3

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

0.19

0.05

0.08

0.22

0.26

0.04

0.18

0.22

0.03

0.04

Book Value (₹)

4.92

4.94

5.03

5.31

5.71

5.94

6.33

3.20

3.28

Dividend per Share (₹)

0.00

Cash EPS (₹)

0.10

0.03

0.05

0.12

0.14

0.03

0.10

0.11

0.03

0.04

PROFITABILITY

Operating Margin %

0.59%

0.47%

0.63%

1.10%

1.05%

0.60%

1.02%

1.25%

0.25%

0.20%

Net Margin %

0.39%

0.11%

0.21%

0.63%

0.68%

0.14%

0.62%

0.80%

0.28%

0.46%

ROE %

4.05%

1.03%

1.64%

4.26%

4.70%

0.78%

3.13%

3.58%

0.98%

1.22%

ROCE %

3.53%

2.57%

2.90%

4.02%

4.45%

2.22%

3.54%

3.74%

1.80%

1.23%

1.18%

0.31%

0.51%

1.40%

1.68%

0.30%

1.32%

1.60%

0.55%

0.83%

EFFICIENCY

Debtor Days

105

115

122

110

134

133

139

159

Inventory Days

Payable Days

108

124

140

FINANCIAL HEALTH

Debt to Equity (x)

0.62x

0.59x

0.71x

0.45x

0.39x

0.42x

0.50x

0.09x

0.00x

Interest Coverage (x)

3.94x

1.51x

1.67x

2.99x

3.55x

1.44x

3.37x

3.33x

1.84x

45.23x

1.42x

1.47x

1.50x

1.63x

1.64x

1.78x

1.72x

2.25x

3.68x

3.31x

GROWTH

Revenue Growth %

11.68%

-10.77%

-12.87%

-10.75%

9.42%

-17.26%

-6.69%

-6.96%

-17.63%

-24.39%

Operating Profit Growth %

-5.58%

-27.90%

16.35%

54.81%

4.79%

-52.63%

57.53%

14.52%

-55.80%

-43.26%

Net Profit Growth %

15.12%

-73.73%

60.47%

170.04%

17.57%

-82.86%

311.04%

20.37%

-71.59%

26.15%

0.00%

-85.80%

26.28%

VALUATION

P/E (x)

0.00x

120.83x

41.88x

P/B (x)

0.00x

1.18x

0.50x

Dividend Yield %

0.00%

0.00x

53.09x

37.42x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

38.29

32.55

33.79

FIIs

0.00

DIIs

0.00

Government

0.00

61.71

67.45

66.21

Kanani Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

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Kanani Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI