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Kanani Industries

₹2.6 0 | 1.2%

Market Cap ₹51 Cr.

Stock P/E 83

P/B 0.8

Current Price ₹2.6

Book Value ₹ 3.2

Face Value 1

52W High ₹7.5

Dividend Yield 0%

52W Low ₹ 2.4

Kanani Industries Research see more...

Overview Inc. Year: 1983Industry: Diamond & Jewellery

Kanani Industries Ltd is an totally India-based agency engaged in manufacturing of diamond studded jewellery and it's plant is located at Gujarat. The Company's subsidiary is KIL International Ltd.

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Kanani Industries Share Price

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Kanani Industries Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 95 66 48 62 82 66 22 53 67 47
Other Income 0 -0 0 0 0 -0 0 0 0 0
Total Income 95 66 48 62 82 66 22 54 67 47
Total Expenditure 94 65 47 62 81 65 22 54 66 47
Operating Profit 1 1 1 0 1 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 -0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 0 0 0 -0 0 0 0
Provision for Tax 0 0 0 0 0 0 -0 -0 0 -0
Profit After Tax 1 1 0 -0 0 0 -0 0 0 0
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments 1 1 0 -0 0 0 -0 0 0 0
Adjusted Earnings Per Share 0.1 0 0 -0 0 0 -0 0 0 0

Kanani Industries Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 338 444 496 443 386 344 377 312 291 270 223 189
Other Income 1 0 0 2 1 0 1 1 1 0 1 0
Total Income 339 444 496 445 387 344 377 312 292 271 224 190
Total Expenditure 334 441 493 443 385 340 373 311 289 267 222 189
Operating Profit 4 3 3 2 2 4 4 2 3 3 1 0
Interest 1 1 1 1 1 1 1 1 1 1 1 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 2 2 1 1 2 3 1 2 2 1 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax 3 2 2 1 1 2 3 0 2 2 1 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 2 2 1 1 2 3 0 2 2 1 0
Adjusted Earnings Per Share 0.2 0.1 0.1 0 0 0.1 0.1 0 0.1 0.1 0 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -17% -11% -8% -4%
Operating Profit CAGR -67% -21% -24% -13%
PAT CAGR -50% 0% -13% -10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -62% -31% 11% -6%
ROE Average 1% 3% 3% 3%
ROCE Average 2% 3% 3% 4%

Kanani Industries Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 44 46 49 49 50 53 56 56 59 63 63
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 3 2 2 2 4 6 4 2 1 10 6
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 146 108 119 106 106 92 94 75 82 58 26
Total Liabilities 193 155 169 156 160 151 155 133 141 131 95
Fixed Assets 1 1 1 1 0 1 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 192 155 169 156 159 150 154 133 141 130 95
Total Assets 193 155 169 156 160 151 155 133 141 131 95

Kanani Industries Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 3 7 14 15 10 10 10 4 4 5 8
Cash Flow from Operating Activities -7 -3 6 -4 -7 -1 6 3 -2 -2 19
Cash Flow from Investing Activities -0 0 -0 -0 -0 -0 0 0 -0 -0 0
Cash Flow from Financing Activities 11 9 -5 -1 6 2 -12 -3 2 6 -26
Net Cash Inflow / Outflow 4 6 1 -5 -0 1 -6 -0 0 3 -7
Closing Cash & Cash Equivalent 7 14 15 10 10 10 4 4 5 8 1

Kanani Industries Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.15 0.08 0.1 0.03 0.04 0.11 0.13 0.02 0.09 0.11 0.03
CEPS(Rs) 0.16 0.09 0.1 0.03 0.05 0.12 0.14 0.03 0.1 0.11 0.03
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 2.25 2.32 2.46 2.47 2.51 2.66 2.86 2.85 2.97 3.17 3.2
Core EBITDA Margin(%) 1.05 0.65 0.51 -0.04 0.27 1.09 0.88 0.31 0.62 1.21 0.25
EBIT Margin(%) 1.3 0.67 0.57 0.45 0.61 1.02 1.01 0.57 0.99 1.23 0.66
Pre Tax Margin(%) 0.91 0.4 0.42 0.15 0.24 0.68 0.73 0.17 0.69 0.86 0.3
PAT Margin (%) 0.89 0.37 0.39 0.11 0.21 0.63 0.68 0.14 0.62 0.8 0.28
Cash Profit Margin (%) 0.92 0.4 0.4 0.13 0.23 0.71 0.72 0.17 0.65 0.83 0.29
ROA(%) 1.78 0.95 1.18 0.31 0.51 1.4 1.68 0.3 1.32 1.6 0.55
ROE(%) 6.96 3.68 4.05 1.03 1.64 4.26 4.7 0.78 3.13 3.58 0.98
ROCE(%) 6.93 3.95 3.53 2.57 2.9 4.02 4.45 2.22 3.54 3.74 1.8
Receivable days 140.47 109.63 95.31 105.41 114.99 122.48 110.33 133.76 132.63 132.84 139.48
Inventory Days 34.02 23.6 12.57 17.52 24.05 30.09 29.62 29 32.54 39.86 35.41
Payable days 114.93 81.69 61.02 69.82 72.95 72.83 65.79 75.75 71.61 64.71 51.22
PER(x) 30.82 50.58 64.87 298.23 104.21 26.65 4.83 92.12 123.56 27.32 120.83
Price/Book(x) 2.07 1.83 2.55 3.07 1.69 1.1 0.22 0.72 3.79 0.95 1.18
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.33 0.24 0.28 0.38 0.28 0.25 0.09 0.19 0.84 0.31 0.36
EV/Core EBITDA(x) 24.66 34.26 48 80.55 44.99 22.57 8.43 31.18 82.25 24.43 53.08
Net Sales Growth(%) 15.67 31.48 11.68 -10.77 -12.87 -10.75 9.42 -17.26 -6.69 -6.96 -17.63
EBIT Growth(%) 66.41 -32.02 -5.41 -28.87 17.39 49.36 8.6 -53.35 60.71 15.69 -55.6
PAT Growth(%) 211.94 -44.43 15.12 -73.73 60.47 170.04 17.57 -82.86 311.04 20.37 -71.59
EPS Growth(%) 212.1 -44.43 15.12 -73.74 60.57 170.04 17.58 -82.86 311.04 20.33 -71.58
Debt/Equity(x) 0.58 0.76 0.62 0.59 0.71 0.71 0.45 0.39 0.42 0.5 0.09
Current Ratio(x) 1.32 1.44 1.42 1.47 1.5 1.63 1.64 1.78 1.72 2.25 3.68
Quick Ratio(x) 1.04 1.29 1.27 1.24 1.25 1.3 1.32 1.53 1.32 1.8 3.01
Interest Cover(x) 3.38 2.45 3.94 1.51 1.67 2.99 3.55 1.44 3.37 3.33 1.84
Total Debt/Mcap(x) 0.28 0.42 0.24 0.19 0.42 0.64 2.04 0.55 0.11 0.53 0.08

Kanani Industries Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 61.35 61.35 61.35 61.35 61.35 61.35 57.21 38.29 32.55 33.79
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 38.65 38.65 38.65 38.65 38.65 38.65 42.79 61.71 67.45 66.21
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 64.71 to 51.22days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 33.79%.
  • Company has a low return on equity of 3% over the last 3 years.
  • The company has delivered a poor profit growth of -12% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Kanani Industries News

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