Kanani Industries Ltd

NSE: KANANIIND · Gems, Jewellery And Watches · sector

₹1.72NSE close 2026-10-26

Key numbers

Market cap₹34 cr

Price₹1.72

52w high / low₹2 / ₹1

P/E14.3xSector median 16.4x

P/B0.5xSector median 1.9x

Book value₹3.5

Dividend yield–Sector median 0.46%

ROE3.4%Sector median 14.7%

ROCE3.3%Sector median 15.0%

OPM0.7%Sector median 6.6%

Debt / equity0.01xSector median 0.26x

EV/EBITDA31.7xSector median 15.4x

Interest cover2,113.4x

Current ratio3.03x

Sales growth 3y-13.7%Sector median +25.6%

Profit growth 3y+5.8%Sector median +26.1%

PEG2.50x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 2,113.4x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY23, FY22).
Net loss in 2 of the last 8 quarters.
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 58% of net profit in the last 12 months.
Debtor days went from 123 (FY24) to 179 (FY26).
No dividend in the last 5 financial years.
Price ₹1.72 on 2026-10-26: -11.8% from the 52-week high, +68.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹2.91 · low ₹1.27

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	47	21	34	84	49	28	13	64
EBITDA	-0	0	-0	0	1	0	0	-0
OPM %	-0.1%	2.0%	-0.8%	0.4%	1.1%	0.3%	3.6%	-0.0%
Other income	0	0	0	-0	1	0	0	0
Net profit	0	1	-0	0	1	0	1	-0
EPS (₹)	0.00	0.04	-0.01	0.01	0.07	0.02	0.03	0.00
Revenue YoY					+2.9%	+36.4%	-61.7%	-23.2%
Profit YoY					+2,620.0%	-45.1%	–	-114.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	291	270	223	168	174	154
EBITDA	2	3	1	0	1	1
Net profit	2	2	1	1	3	2
EPS (₹)	0.09	0.11	0.03	0.04	0.13	0.12
Revenue growth		-7.0%	-17.6%	-24.4%	+3.2%	-16.8%
Profit growth		+19.9%	-71.4%	+25.8%	+230.8%	+181.0%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-13.7%	-11.0%	-16.8%
Net profit	+5.8%	+42.4%	+181.0%
EPS	+5.7%	+45.4%	–
Share price	–	-20.3% (2y)	-10.4%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	63	63	65	69
Borrowings	–	31	6	0	0
Cash & equivalents	–	8	1	1	2
Total assets	–	131	95	93	104
Fixed assets	–	0	0	0	0
Capital work in progress	–	0	0	0	0
Investments	–	0	0	0	0
Receivables	–	95	75	71	85
Inventory	–	26	17	20	16
Payables	–	36	25	28	34

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25
Cash from operations	-2	-3	19	6
Cash from investing	-0	0	0	0
Cash from financing	2	7	-26	-6
Capex	0	0	0	0
Free cash flow	-2	-3	19	6

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	3.5%	1.0%	1.2%	3.7%
ROCE %	–	3.4%	2.1%	1.2%	3.8%
Debtor days	–	128	123	154	179
Inventory days	–	36	29	43	35
Payable days	–	50	42	61	73
Cash conversion cycle (days)	–	114	110	136	141
Working capital days	–	98	113	140	146

Shareholding

Holder	% (2026-09-30)
Promoters	33.79%
Public (non-institutions)	66.21%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	33.79%	33.79%	33.79%	33.79%	33.79%	33.79%	33.79%	33.79%

Promoter group	%
Harshil Premjibhai Kanani	25.70%
Premjibhai Devajibhai Kanani	8.09%
Alpesh Vinubhai Kanani	0.00%

Public holders above 1%	%
Shivaniba Mayursinh Chudasama	1.07%

86,495 shareholders. Pledged: 0.00% of promoter shares.

Peers in Gems, Jewellery And Watches

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
TITAN	₹3,83,796 cr	66.9x	24.4x	42.2%	33.3%	10.1%	+29.2%	0.25%
KALYANKJIL	₹52,133 cr	36.3x	8.3x	25.8%	34.4%	6.6%	+36.4%	0.30%
LALITHAA	₹17,374 cr	–	–	–	–	–	–	–
PCJEWELLER	₹16,193 cr	16.0x	1.7x	10.8%	10.3%	24.5%	+10.7%	–
SKYGOLD	₹14,535 cr	43.3x	12.1x	35.6%	26.4%	7.2%	+76.0%	–
THANGAMAYL	₹14,404 cr	36.8x	10.2x	31.1%	26.3%	6.4%	+39.2%	0.27%
BLUESTONE	₹11,583 cr	110.7x	6.3x	6.0%	11.9%	17.0%	–	–
PNGJL	₹7,558 cr	17.0x	3.9x	25.4%	19.9%	5.8%	–	–
ETHOSLTD	₹6,486 cr	62.2x	4.4x	8.4%	12.0%	12.8%	+26.9%	–
KANANIIND	₹34 cr	14.3x	0.5x	3.4%	3.3%	0.7%	-13.7%	–

All 82 companies in Gems, Jewellery And Watches →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-19	Other	Annual General Meeting
2024-01-30	Bonus	Bonus 1:1
2024-01-05	Other	Extra Ordinary General Meeting
2023-09-07	Other	Annual General Meeting
2022-09-01	Other	Annual General Meeting
2021-09-20	Other	Annual General Meeting
2020-09-17	Other	Annual General Meeting
2019-09-20	Other	Annual General Meeting
2018-09-19	Other	Annual General Meeting
2017-09-19	Other	Annual General Meeting
2016-09-15	Other	Annual General Meeting
2015-09-16	Other	Annual General Meeting
2014-09-23	Other	Annual General Meeting
2013-09-18	Other	Annual General Meeting
2013-02-01	Bonus	Bonus 1:10
2012-11-01	Split	Face Value Split From Rs.5/- To Re.1/-
2012-09-21	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Consumer Discretionary
Industry	Gems, Jewellery And Watches
Sub-industry	Gems, Jewellery And Watches
Symbol	KANANIIND
BSE code	506184
ISIN	INE879E01037
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.