KANANIINDConsumer Discretionary

Kanani Industries Limited

Gems, Jewellery And Watches · ISIN INE879E01037 · BSE 506184 · NSE EQ · FV ₹1
Last price
₹1
-0.70%today
What this company does

Kanani Industries Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹64 cr of revenue in its latest quarter (Q1 FY27) and kept -0.1% of sales as profit.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns16

How much profit it earns on the money it employs

Balance sheet57

How much it owes, and whether earnings cover the interest

Cash quality40

Whether reported profit actually arrives as cash

Growth & consistency47

Whether sales and profit have grown, and how steadily

Valuation92

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -0.1% net margin
! Sales down 23% vs last year
! Low -0.2% return on equity
! Operating cash flow is negative

What if I invest in KANANIIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1 -0.70%
latest close · 2026-09-17
1-year return
-83.9%
52-wk low ₹152-wk high ₹42
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.40Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-0.2%Loss
WeakFairStrong ▸15%
Return on capital-0.2%Loss
WeakFairStrong
Net margin-0.1%Loss
ThinDecentStrong
EBITDA margin-0.0%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover-153.0×Risky
RiskyOkayStrong ▸5×
Current ratio3.03Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹28 cr
Book value
₹4
EPS
₹0.00
latest quarter
Net debt
₹-1 cr
more cash than debt
Enterprise value
₹27 cr
EBITDA
₹-11 L
annualised
EBIT
₹-12.2 L
annualised
Operating margin
-0.0%
Return on assets
-0.1%
Earnings yield
P/S
0.11
Sales / share
₹13.0
Tax rate
Face value
₹1
Shares
19.8 cr
Working capital
₹70 cr
Current assets
₹104 cr
Current liabilities
₹34 cr
Delivery %
71.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 2% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹2₹2, midpoint ₹2

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹64 cr
Other Income₹0 cr
Total Income₹64 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹63 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹21.3 L
Finance Costs₹0.02 L
Depreciation & Amortisation₹0.31 L
Other Expenses₹16.3 L
Total Expenses₹64 cr
Profit before Tax₹-3.1 L
Tax Expense₹0.76 L
Net Profit₹-3.8 L
Net margin on total income-0.1%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹64 cr99.4%
Employee benefit expense₹21.3 L0.3%
Finance costs₹0.02 L0.0%
Depreciation & amortisation₹0.31 L0.0%
Other expenses₹16.3 L0.3%
Tax expense₹0.76 L0.0%
Total income ₹64 cr

The company made a net loss of ₹3.8 L this quarter — income covered only 100 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue28 cr13 cr64 cr
Total income29 cr13 cr64 cr
Expenses28 cr12 cr64 cr
Profit before tax42.1 L45.3 L-3.1 L
Tax3.2 L-9.5 L0.76 L
Net profit (owners' share)38.9 L54.8 L-3.8 L
Net margin (owners' share, on revenue)1.4%4.2%-0.1%
EPS (₹)0.020.030.00
YoY (latest quarter): total income -23.2% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹104 cr
Shareholder equity
₹69 cr
parent shareholders
Total debt
₹48 L
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹-97.8 L
Investing
₹0 cr
Financing
₹27.5 L
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limited₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITED₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Bonus issue1:130 Jan 2024
Bonus issue10:11 Feb 2013
Stock splitStock Split From Rs.5/- to Rs.1/-1 Nov 2012
Who owns it · 2026-06-30
No pledge
Promoter
33.8%
Public
66.2%
Promoter stake down 27.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtHARSHIL PREMJIBHAI KANANI · Promoters24.48 L · ₹64.1 L25 Oct 24
SoldHARSHIL PREMJIBHAI KANANI · Promoters5.00 L · ₹14.6 L27 Aug 24
SoldHARSHIL PREMJIBHAI KANANI · Promoters34.00 L · ₹99.1 L23 Aug 24
Bulk / block deals
SoldPUNISH SADANA · NSE23.00 L @ ₹2.593 Apr 25
BoughtPUNISH SADANA · NSE1.00 L @ ₹2.633 Apr 25
SoldTHUNDERSTRIKE QUANT RESEARCH LLP · NSE10.00 L @ ₹2.8130 Aug 24
Stake changes
BoughtMr. Harshil Premjibhai Kanani · promoter→ 33.79% · 24.48 L25 Oct 24
SoldMr. Harshil Premjibhai Kanani · promoter→ 32.55% · 5.00 L27 Aug 24
SoldMr. Harshil Premjibhai Kanani · promoter→ 34.52% · 30.00 L22 Aug 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To adopt the Standalone and Consolidated Audited Financial Statements of the Company for the year ended March 31 2025 together with the Reports of the Board of Directors and Auditors thereon.
Backed by 93% of shareholders other than promotersneeded 50%
21,038 votes for, 1,504 against
2
Appoitment of Mr. Darsh Lavjibhai Kanani (DIN:07060543) as director liable to retire by rotation.
Backed by 93% of shareholders other than promotersneeded 50%
21,038 votes for, 1,504 against
3
Appointment of M/s Deep Shukla & Associates, Company Secretaries (Peer review Certificate No. 2093/2022) as the Secretarial Auditors of the Company for 5 Years.
Backed by 66% of shareholders other than promotersneeded 50%
14,838 votes for, 7,704 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 33.8% between them · as of 2026-06-30
HARSHIL PREMJIBHAI KANANI25.70%
PREMJIBHAI DEVAJIBHAI KANANI8.09%
ALPESH VINUBHAI KANANIno shares
Business done with them
FY2023 · 1 of the group
The company paid ₹5 L to companies in the promoter group last year — about 0.0% of its ₹270 cr revenue.
Harshil Premjibhai Kanani
Other payments to them · Remuneration
also owns 25.70% of the company
₹5 L
company paid

The company also transacted with 4 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.