Kanani Industries Limited (KANANIIND)

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Kanani Industries Limited (KANANIIND) · mywealthgrid

About

Kanani Industries Limited operates in Gems, Jewellery And Watches within the Consumer Discretionary sector.

Face value: ₹1

Market cap

₹27 Cr

P/E

11.7×

P/B

0.4×

Dividend yield

ROE

3.8%

ROCE

3.9%

Debt / equity

0.01

OPM

0.8%

EPS (TTM)

₹0.1

Book value

₹3.5

52-week high

—

52-week low

—

2,527 historical price candles were omitted because the exchange source has not been verified.

₹1.4-0.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 42.4% over the last 5 years
+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 2% (3-yr avg)
−Thin operating margin of 0.8%
−Revenue shrank over the last 5 years (-11% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

35/100

Business quality: 25
Growth: 5
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	377	312	291	271	223	168	174
COGS	370	307	285	263	219	167	170
Gross profit	7	5	6	7	4	2	3
	4	4	4	4	3	1	2
	3	1	2	3	1	0	1
OPM %	0.8%	0.3%	0.6%	1.2%	0.2%	0.2%	0.8%
Depreciation	0	0	0	0	0	0	0
Interest	1	1	1	1	1	0	0
	1	1	1	0	1	1	1
Profit before tax	3	1	2	2	1	1	3
Tax	0	0	0	0	0	0	0
Tax %	6.6%	20.4%	10.5%	6.5%	7.5%	3.7%	2.6%
	3	0	2	2	1	1	3
PAT margin %	0.7%	0.1%	0.6%	0.8%	0.3%	0.5%	1.5%
EPS (₹)	0.3	0	0.2	0.2	0	0	0.1
EPS adjusted (₹)	0.1	0	0.1	0.1	0	0	0.1
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	20	20	20
Reserves	43	47	47	49	53	43	45	50
	6	4	22	24	31	6	0	0
	92	94	55	58	36	26	28	34
Total equity & liabilities	151	155	133	141	131	95	93	104
	1	0	0	0	0	0	0	0
CWIP	—	—	—	—	0	0	0	0
Investments	—	—	0	0	0	0	0	0
	150	154	133	141	130	95	93	104
Total assets	151	155	133	141	131	95	93	104

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	1.8%	1.5%	2%	2.6%	1.6%	1%	1.9%
EBITDA margin %	0.8%	0.3%	0.6%	1.2%	0.2%	0.2%	0.8%
EBIT margin %	0.8%	0.3%	0.6%	1.1%	0.2%	0.2%	0.8%
PAT margin %	0.7%	0.1%	0.6%	0.8%	0.3%	0.5%	1.5%
Working capital
Receivable days	—	128	128	128	123	154	179
Inventory days	30	22	42	36	29	43	35
Payable days	72	65	73	50	42	61	73
NWC days	—	85	97	114	110	136	142
Leverage
Current ratio	1.57	1.78	1.72	2.26	3.68	3.31	3.03
Debt to EBITDA	1.41	25.49	14.23	9.86	11.67	0.16	0.35
Debt to equity	0.08	0.39	0.42	0.5	0.09	0	0.01
Interest coverage	4.1	1.5	3.6	3.5	1.9	—	—
Asset turnover	2.43	2.33	2.06	2.07	2.35	1.81	1.67
Return ratios
Return on assets %	1.7%	0.3%	1.3%	1.7%	0.7%	0.8%	2.5%
Return on capital employed %	6.4%	2.9%	4.7%	4.9%	2%	1.2%	3.9%
Return on equity %	4.5%	0.8%	3.1%	3.5%	1%	1.2%	3.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.35%	61.35%	57.21%	38.29%	32.55%	33.79%	33.79%	33.79%	33.79%	33.79%	33.79%	33.79%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	38.65%	38.65%	42.79%	61.71%	67.45%	66.21%	66.21%	66.21%	66.21%	66.21%	66.21%	66.21%
No. of shareholders	—	—	—	—	—	—	—	—	92,756	90,894	88,848	87,305

Promoter holding down 27.56 percentage points since Sep 2023.

133 deals · 17 May 2022 – 3 Apr 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Apr 2025	PUNISH SADANA	Bulk	NSE	Sell	23,00,000	₹2.59	₹0.60 Cr
3 Apr 2025	PUNISH SADANA	Bulk	NSE	Buy	1,00,000	₹2.63	₹0.03 Cr
28 Mar 2025	PUNISHSADANA	Bulk	BSE	Sell	11,80,320	₹1.68	₹0.20 Cr
28 Mar 2025	PUNISHSADANA	Bulk	BSE	Buy	1,000	₹1.95	₹0.00 Cr
28 Nov 2024	PUNISHSADANA	Bulk	BSE	Buy	13,00,000	₹2.95	₹0.38 Cr
28 Nov 2024	PUNISHSADANA	Bulk	BSE	Sell	6,50,000	₹2.86	₹0.19 Cr
30 Aug 2024	THUNDERSTRIKE QUANT RESEARCH LLP	Bulk	NSE	Sell	10,00,000	₹2.81	₹0.28 Cr
23 Aug 2024	HARSHIL PREMJIBHAI KANANI	Bulk	NSE	Sell	34,00,000	₹2.91	₹0.99 Cr
23 Aug 2024	CHANDAN CHAURASIYA	Bulk	NSE	Sell	10,09,275	₹2.97	₹0.30 Cr
23 Aug 2024	CHANDAN CHAURASIYA	Bulk	NSE	Buy	10,09,275	₹2.91	₹0.29 Cr

1–10 of 133

1 / 14

Mr. PREMJIBHAI KANANIExecutive Director-Chairperson
Darshak A PandyaChief Finance Officer
Mr. HARSHIL KANANIExecutive Director-MD
Mr. TEJAS CHOKSINon-Executive - Independent Director
Mr. DARSH LAVJIBHAI KANANINon-Executive - Non Independent Director
Mr. SATYAM JAISWALNon-Executive - Independent Director
Ms. SHIWAGINEE JAISWALNon-Executive - Independent Director
Mehul KundariyaWhole Time Company Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Kanani Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

7 announcementsExport CSV

28 Sept 2026, 5:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

28 Sept 2026, 12:51 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

5 Sept 2026, 2:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 2:37 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

14 Aug 2026, 1:23 pmCorp. Action

Notice Of Book Closure

Book Closure PDF

14 Aug 2026, 1:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

13 Jul 2026, 2:34 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 12:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	1.8%	1.5%	2%	2.6%	1.6%	1%	1.9%
EBITDA margin %	0.8%	0.3%	0.6%	1.2%	0.2%	0.2%	0.8%
EBIT margin %	0.8%	0.3%	0.6%	1.1%	0.2%	0.2%	0.8%
PAT margin %	0.7%	0.1%	0.6%	0.8%	0.3%	0.5%	1.5%
Working capital
Receivable days	—	128	128	128	123	154	179
Inventory days	30	22	42	36	29	43	35
Payable days	72	65	73	50	42	61	73
NWC days	—	85	97	114	110	136	142
Leverage
Current ratio	1.57	1.78	1.72	2.26	3.68	3.31	3.03
Debt to EBITDA	1.41	25.49	14.23	9.86	11.67	0.16	0.35
Debt to equity	0.08	0.39	0.42	0.5	0.09	0	0.01
Interest coverage	4.1	1.5	3.6	3.5	1.9	—	—
Asset turnover	2.43	2.33	2.06	2.07	2.35	1.81	1.67
Return ratios
Return on assets %	1.7%	0.3%	1.3%	1.7%	0.7%	0.8%	2.5%
Return on capital employed %	6.4%	2.9%	4.7%	4.9%	2%	1.2%	3.9%
Return on equity %	4.5%	0.8%	3.1%	3.5%	1%	1.2%	3.7%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	-2	-3	19	6	0
	0	-0	0	0	0	0
	-3	2	7	-26	-6	0
Net cash flow	-0	0	3	-7	-0	1
Free cash flow	3	-2	-3	19	6	0
CFO / Operating profit %	344.8%	-102.9%	-107.9%	—	—	13.9%

Kanani Industries Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

No fund holdings on record

Not in the F&O segment

Announcements

Annual reports

5

1

2

Compounded sales growth

Compounded profit growth

Return on equity

Kanani Industries Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

No fund holdings on record

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Dividends5

Board meetings1

Stock splits2

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

5

1

2