MarketFriction

Kanani Industries Ltd

NSE KANANIIND · BSE 506184 · Gems, Jewellery And Watches
₹1.34 -1.47%
NSE close2026-10-01
52 week range1.02 - 2.04
Market cap₹26.9 Cr.
P/E11.9
Price band 20% Delivery 67.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales65.7922.0053.2966.5447.3520.8733.7183.6948.7228.4712.9164.29
Expenses65.2122.1353.5166.3147.4220.4533.9783.3948.2128.3912.4564.32
Operating Profit0.58-0.13-0.220.23-0.070.42-0.260.300.510.080.46-0.03
OPM %0.88%-0.59%-0.41%0.35%-0.15%2.01%-0.77%0.36%1.05%0.28%3.56%-0.05%
Other Income-0.080.180.460.050.130.330.01-0.010.970.340.000.00
Interest0.120.150.200.000.000.000.000.000.000.000.000.00
Depreciation0.010.000.010.010.010.010.010.000.000.000.000.00
Profit before tax0.37-0.100.030.270.050.74-0.260.291.480.420.46-0.03
Tax %5.41%-20.00%0.00%3.70%0.00%4.05%-3.85%3.45%8.11%7.14%-19.57%33.33%
Net Profit0.34-0.080.030.260.050.71-0.240.281.360.390.55-0.04
EPS in Rs0.02-0.000.000.010.000.04-0.010.010.070.020.03-0.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales496443386344377312291270223168174154
Expenses493443385340373311289267222168172153
Operating Profit3-01431231011
OPM %0.5%-0.0%0.3%1.1%0.9%0.3%0.6%1.2%0.2%0.2%0.8%0.7%
Other Income021011101111
Interest111111111000
Depreciation000000000000
Profit before tax211231221132
Tax %9%25%15%7%7%20%10%6%7%4%3%
Net Profit201230221132
EPS in Rs0.100.030.040.110.130.020.090.110.030.040.130.12
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-10%-11%-14%-17%
Compounded Profit Growth3%55%6%183%
Stock Price CAGR-19%-21%-30%-30%
Return on Equity2%2%2%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010202020
Reserves363939404347474953434550
Borrowings353029353725222431600
Other Liabilities749179756173555836262834
Total Liabilities1551691561601511551331411319593104
Fixed Assets111010000000
CWIP000000000000
Investments000000000000
Other Assets1551691561591501541331411309593104
Total Assets1551691561601511551331411319593104
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-36-4-7-163-2-21960
Cash from Investing Activity00-0-0-000-0-0000
Cash from Financing Activity9-5-162-12-326-26-60
Net Cash Flow61-5-01-6-003-7-01
Free Cash Flow-36-4-7-163-2-21960
CFO/OP-99%242%2,150%-626%-25%189%323%-90%-55%3,446%1,718%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1029999116115115128128128123154179
Inventory Days131320253330224236294335
Days Payable616765716572657350426173
Cash Conversion Cycle5446557083748597114110136142
Working Capital Days272633415054636887111138143
ROCE %4%4%3%1%4%4%1%2%4%2%1%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.35%61.35%57.21%38.29%32.55%33.79%33.79%33.79%33.79%33.79%33.79%33.79%
Public38.65%38.65%42.80%61.71%67.44%66.21%66.21%66.21%66.23%66.22%66.20%66.21%
No. of Shareholders27,42941,80165,33676,38085,40292,88894,75594,61192,75690,89488,84887,305

Fundamentals

Market Cap₹ 26.9 Cr.
Current Price₹ 1.36
Stock P/E11.9
Book Value₹ 3.51
ROCE3.95 %
ROE3.84 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-17%
Compounded Profit Growth (TTM)183%
Consolidated figures.
Valuation
Market capRs 27 Cr
Enterprise valueRs 25 Cr
P/E (TTM)11.73x
Price to book0.38x
Price to sales0.17x
EV / EBITDA10.73x
EV / EBIT10.82x
EV / sales0.16x
Price to cash flow139.55x
Earnings yield8.52%
P/E, 3-year average55.49x
P/B, 3-year average0.65x
P/E, 5-year average48.25x
P/B, 5-year average0.86x
Profitability
Operating margin (excl. other income)0.80%
Operating margin (incl. other income)1.54%
EBITDA margin1.54%
Pre-tax margin1.51%
Net profit margin1.46%
Net margin, latest quarter-0.06%
ROE3.84%
ROCE3.95%
ROA2.62%
ROE, 3-year average2.02%
ROCE, 3-year average2.33%
ROA, 3-year average1.33%
ROE, 5-year average2.55%
ROCE, 5-year average2.85%
ROA, 5-year average1.38%
ROIC (approx.)3.35%
Tax rate2.65%
Other income / net worth1.86%
Growth
Sales growth (latest year)3.16%
Profit growth (latest year)230.77%
Sales CAGR, 3 years-13.71%
Sales CAGR, 5 years-11.02%
Profit CAGR, 3 years5.94%
Profit CAGR, 5 years42.44%
Sales growth QoQ397.99%
Profit growth QoQ-107.27%
Sales growth YoY (latest quarter)-23.18%
Profit growth YoY (latest quarter)-114.29%
Per share
EPS (TTM)Rs 0.11
EPS (latest year)Rs 0.13
EPS (latest quarter)Rs -0.00
EPS, 3-year averageRs 0.07
EPS, 5-year averageRs 0.12
Book value per shareRs 3.51
Sales per shareRs 7.80
Cash flow per shareRs 0.01
Free cash flow per shareRs 0.00
Efficiency
Asset turnover1.67x
Fixed asset turnover1158.60x
Inventory turnover10.34x
Inventory days35 days
Debtor days179 days
Debtors turnover2.03x
Creditor days73 days
Cash conversion cycle142 days
Working capital days143 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 2 Cr
Net debtRs -1 Cr
Debt to equity0.01x
Net debt / EBITDA-0.46x
Interest coverage117.50x
Owners' fund to total sources66.56%
Debt to assets0.46%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years2.33x
Sales to cash flow914.68x
Statement figures
Net sales (TTM)Rs 154 Cr
Net sales (latest year)Rs 174 Cr
Sales (latest quarter)Rs 64 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 170 Cr
Total expenditure (latest year)Rs 172 Cr
Total income (latest year)Rs 175 Cr
Share capitalRs 20 Cr
ReservesRs 50 Cr
Shareholders' fundsRs 69 Cr
Total assetsRs 104 Cr
Net blockRs 0 Cr
ReceivablesRs 85 Cr
InventoryRs 16 Cr
Other liabilitiesRs 34 Cr
Shares outstanding (crore)19.79
Ownership
Promoter holding33.79% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 11.7 is at the 6th percentile of its own 9.0-year range (median 44.1, low 5.6, high 337.3).
P/B 0.38 is at the 2th percentile (median 0.97).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKANANIINDNifty 50Difference
1 week-5.0%-2.8% -2.2 pts
1 month-14.1%-6.8% -7.3 pts
3 months-11.8%-7.6% -4.2 pts
6 months+26.4%+0.4% +26.0 pts
1 year-31.6%-9.9% -21.7 pts
2 years-52.8%-13.6% -39.3 pts
3 years-66.1%+14.2% -80.3 pts
5 years-69.4%+27.9% -97.3 pts

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 49% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹64 Cr -23.2% vs Jun 2025. Net loss ₹0 Cr.
Against our estimate for Jun 2026: sales -12.1%, profit -102.6% big miss. Our estimate for Sep 2026: sales Rs 29 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2024-01-30Bonus 1:10.5000
2024-01-05Extra Ordinary General Meeting
2023-09-07Annual General Meeting
2022-09-01Annual General Meeting
2021-09-20 Annual General Meeting
2020-09-17 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-19 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-23Annual General Meeting
2013-09-18Annual General Meeting
2013-02-01Bonus 1:100.9091
2012-11-01Face Value Split From Rs.5/- To Re.1/-0.2000
2012-09-21Annual General Meeting
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Kanani Industries Ltd?

Kanani Industries Ltd (KANANIIND) has a market capitalisation of Rs 26.9 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kanani Industries Ltd?

Kanani Industries Ltd trades at a P/E of 11.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kanani Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Kanani Industries Ltd sales was Rs 64 Cr (-23.2% vs Jun 2025) with a net loss of Rs 0 Cr.

What is the 52-week high and low of Kanani Industries Ltd?

The 52-week high is Rs 2.04 and the 52-week low is Rs 1.02.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03