Kanani Industries Ltd

Kanani Industrie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kanani Industries Ltd

₹ 2.60 -1.89%
22 Nov - close price
kananiindustries.com BSE: 506184 NSE: KANANIIND
About

Incorporated in 1983, Kanani Industries Ltd is engaged in the business of manufacture & export of Diamond Studded Jewelry.

Key Points

Product Profile:[1] Company deals in all kinds of diamond-studded jewelry e.g. rings, necklaces, earrings, bracelets, pendants, etc.

Website BSE NSE
  • Market Cap ₹ 51.4 Cr.
  • Current Price ₹ 2.60
  • High / Low ₹ 7.55 / 2.50
  • Stock P/E
  • Book Value ₹ 2.26
  • Dividend Yield 0.00 %
  • ROCE 1.60 %
  • ROE 0.38 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.15 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.74%
  • The company has delivered a poor sales growth of -10.8% over past five years.
  • Promoter holding is low: 32.6%
  • Company has a low return on equity of 1.21% over last 3 years.
  • Company has high debtors of 313 days.

* 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.

Peer comparison

Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
28.93 18.41 21.09 24.56 25.41 13.00 17.53 19.20 27.62 0.00 0.00 0.00 0.00
28.61 18.19 20.86 24.19 24.79 12.79 17.22 19.05 27.27 0.11 0.33 0.09 0.12
Operating Profit 0.32 0.22 0.23 0.37 0.62 0.21 0.31 0.15 0.35 -0.11 -0.33 -0.09 -0.12
OPM % 1.11% 1.20% 1.09% 1.51% 2.44% 1.62% 1.77% 0.78% 1.27%
0.18 0.07 0.60 0.13 -0.27 0.15 0.11 0.37 -0.08 0.18 0.46 0.05 0.13
Interest 0.30 0.22 0.04 0.17 0.29 0.20 0.26 0.29 0.12 0.15 0.20 0.00 0.00
Depreciation 0.02 0.04 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.00 0.01 0.01 0.01
Profit before tax 0.18 0.03 0.77 0.31 0.04 0.14 0.14 0.22 0.14 -0.08 -0.08 -0.05 0.00
Tax % 16.67% 33.33% 16.88% 16.13% 25.00% 14.29% 35.71% 18.18% 14.29% -12.50% 0.00% 0.00%
0.15 0.03 0.64 0.26 0.03 0.12 0.10 0.19 0.12 -0.07 -0.08 -0.04 0.01
EPS in Rs 0.01 0.00 0.03 0.01 0.00 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.00 0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
77.63 70.60 69.49 84.88 78.72 79.24 83.13 85.64 77.17 84.56 80.49 46.82 0.00
77.00 68.78 68.41 84.34 79.27 78.87 81.22 84.46 76.25 83.69 78.93 46.72 0.65
Operating Profit 0.63 1.82 1.08 0.54 -0.55 0.37 1.91 1.18 0.92 0.87 1.56 0.10 -0.65
OPM % 0.81% 2.58% 1.55% 0.64% -0.70% 0.47% 2.30% 1.38% 1.19% 1.03% 1.94% 0.21%
1.19 -0.26 0.19 0.38 2.26 1.41 0.01 0.66 0.91 1.17 0.12 0.93 0.82
Interest 1.53 1.29 0.97 0.40 1.13 1.20 0.95 0.98 1.21 0.83 0.97 0.79 0.35
Depreciation 0.11 0.10 0.10 0.09 0.09 0.09 0.26 0.14 0.09 0.09 0.07 0.02 0.03
Profit before tax 0.18 0.17 0.20 0.43 0.49 0.49 0.71 0.72 0.53 1.12 0.64 0.22 -0.21
Tax % 22.22% 17.65% 20.00% 18.60% 18.37% 20.41% 19.72% 22.22% 15.09% 16.96% 20.31% 18.18%
0.14 0.14 0.17 0.35 0.39 0.40 0.57 0.57 0.44 0.93 0.50 0.17 -0.18
EPS in Rs 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.03 0.02 0.05 0.03 0.01 0.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: -11%
3 Years: -15%
TTM: -100%
Compounded Profit Growth
10 Years: -17%
5 Years: -21%
3 Years: -27%
TTM: -134%
Stock Price CAGR
10 Years: -5%
5 Years: 12%
3 Years: -14%
1 Year: -31%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 19.79 19.79
Reserves 30.24 30.38 30.52 30.87 31.26 31.66 32.23 32.80 33.24 34.17 34.68 24.96 24.92
14.88 25.60 24.96 19.34 22.59 29.04 30.81 25.28 22.18 24.48 31.36 5.95 0.00
21.50 1.90 11.83 18.22 13.56 14.58 19.36 24.16 21.13 23.34 14.05 11.97 11.17
Total Liabilities 76.51 67.77 77.20 78.32 77.30 85.17 92.29 92.13 86.44 91.88 89.98 62.67 55.88
0.91 0.81 0.69 0.61 0.53 0.46 0.55 0.42 0.32 0.34 0.23 0.21 0.20
CWIP 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
Investments 20.06 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34
55.54 45.62 55.17 56.37 55.43 63.37 70.40 70.37 64.78 70.20 68.41 41.12 34.34
Total Assets 76.51 67.77 77.20 78.32 77.30 85.17 92.29 92.13 86.44 91.88 89.98 62.67 55.88

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28.95 -4.90 7.08 6.44 -8.25 -6.31 -0.92 -0.67 3.37 -2.08 -5.47 21.98
0.00 -1.27 0.00 0.00 -0.01 -0.02 -0.36 0.00 0.00 -0.11 -0.17 0.11
-33.19 10.71 -0.64 -5.63 3.25 6.46 1.77 -5.53 -3.10 2.30 5.60 -26.20
Net Cash Flow -4.24 4.54 6.44 0.81 -5.00 0.13 0.49 -6.20 0.26 0.12 -0.03 -4.11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 196.49 193.20 211.47 175.10 180.74 214.01 208.12 222.90 262.03 226.66 228.23 313.24
Inventory Days 52.74 1.02 2.37 0.70 28.53 30.61 55.26 62.13 22.23 56.59 61.12 0.08
Days Payable 102.29 9.78 63.17 79.04 62.13 67.67 87.30 106.69 103.87 103.66 65.97 95.81
Cash Conversion Cycle 146.95 184.44 150.66 96.76 147.14 176.94 176.08 178.34 180.40 179.58 223.38 217.51
Working Capital Days 147.97 189.32 156.16 101.96 150.69 181.12 180.24 180.92 187.44 184.40 227.82 227.09
ROCE % 2.39% 4.40% 1.78% 1.32% 2.62% 2.52% 2.31% 2.41% 2.61% 2.91% 2.23% 1.60%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.83% 71.72% 61.35% 61.35% 61.35% 61.35% 61.35% 61.35% 61.35% 57.21% 38.29% 32.55%
25.17% 28.28% 38.65% 38.65% 38.65% 38.64% 38.64% 38.65% 38.65% 42.80% 61.71% 67.44%
No. of Shareholders 6,1265,65433,32228,51427,06125,87426,01827,42941,80165,33676,38085,402

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