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Kanani Industries Limited
(KANANIIND)
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Rating:56Neutral
Price Target:
₹1.50
▼(-14.29% Downside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by mixed financial performance: strong balance-sheet safety offsets multi-year revenue declines, thin profitability, and highly volatile cash flows. Technical indicators are largely neutral with mild weakness versus the 200-day trend, and valuation is moderate with no dividend data to add support.
Positive Factors
Conservative balance sheet
Near-zero leverage and minimal debt provide durable financial flexibility, lowering solvency risk and preserving access to capital. This structural strength reduces bankruptcy risk, supports operations during stress, and allows management to prioritize strategic uses of cash rather than servicing high debt burdens.
Negative Factors
Multi-year revenue decline
Sustained top-line contraction erodes scale economies and limits the company’s ability to leverage fixed costs, invest in growth, or rebuild margins. Persistent revenue decline is a structural headwind that weakens long-term competitive positioning and increases dependency on successful strategic turnaround actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero leverage and minimal debt provide durable financial flexibility, lowering solvency risk and preserving access to capital. This structural strength reduces bankruptcy risk, supports operations during stress, and allows management to prioritize strategic uses of cash rather than servicing high debt burdens.
Read all positive factors
Kanani Industries Limited (KANANIIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹304.72M
Dividend YieldN/A
Average Volume (3M)80.03K
Price to Earnings (P/E)11.6
Beta (1Y)0.95
Revenue Growth3.16%
EPS Growth236.29%
CountryIN
Employees4
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.13
Shares Outstanding197,868,000
10 Day Avg. Volume40,083
30 Day Avg. Volume80,027
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.30
Price to Sales (P/S)0.12
P/FCF Ratio113.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kanani Industries Limited Business Overview & Revenue Model
Company Description
Mumbai-headquartered Kanani Industries Limited is engaged in the manufacturing and international sale of diamond-set jewelry. Established in 1983, the entity was initially known as IMP Finance Limited before rebranding as Kanani Industries Limited...
How the Company Makes Money
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Kanani Industries Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.74B | 1.68B | 2.23B | 2.70B | 2.91B |
| Gross Profit | 24.89M | 8.52M | 35.45M | 70.96M | 56.25M |
| EBITDA | 26.62M | 8.31M | 14.95M | 31.71M | 29.54M |
| Net Income | 25.76M | 7.79M | 6.17M | 21.73M | 18.05M |
Balance Sheet | |||||
| Total Assets | 1.04B | 929.56M | 949.11M | 1.31B | 1.41B |
| Cash, Cash Equivalents and Short-Term Investments | 15.62M | 9.46M | 11.64M | 80.63M | 45.84M |
| Total Debt | 4.80M | 490.00K | 59.50M | 313.57M | 244.83M |
| Total Liabilities | 348.60M | 281.08M | 316.52M | 678.50M | 822.01M |
| Stockholders Equity | 693.99M | 648.48M | 632.59M | 626.64M | 588.03M |
Cash Flow | |||||
| Free Cash Flow | 1.85M | 0.00 | 191.88M | -19.56M | -18.80M |
| Operating Cash Flow | 1.85M | 56.36M | 191.88M | -19.56M | -17.73M |
| Investing Cash Flow | 0.00 | 463.00K | 1.11M | -1.67M | -1.07M |
| Financing Cash Flow | 4.31M | -59.01M | -261.97M | 56.03M | 23.04M |
Kanani Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹6.16B | 11.26 | ― | ― | 20.06% | 41.23% | |
63 Neutral | ₹7.38B | 9.83 | ― | 0.26% | 8.74% | 30.02% | |
58 Neutral | ₹1.01B | 11.49 | ― | ― | 17.08% | -25.81% | |
56 Neutral | ₹304.72M | 11.58 | ― | ― | 3.16% | 236.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹135.04M | 7.74 | ― | ― | -11.77% | ― | |
41 Neutral | ₹266.28M | -25.39 | ― | ― | 57.34% | 53.39% |
* General Sector Average
IN:KANANIIND
Kanani Industries Limited
1.54
-0.60
-28.04%
IN:GOENKA
Goenka Diamond & Jewels Ltd.
0.84
-0.08
-8.70%
IN:LYPSAGEMS
Lypsa Gems & Jewellery Ltd.
4.58
-3.12
-40.52%
IN:MOKSH
Moksh Ornaments Ltd.
11.72
-3.13
-21.08%
IN:RADHIKAJWE
Radhika Jeweltech Ltd
62.50
-22.21
-26.22%
IN:RBZJEWEL
RBZ Jewellers Limited
154.05
12.40
8.75%
Kanani Industries Limited Corporate Events
Kanani Industries Closes Trading Window Ahead of FY26 Results
Mar 23, 2026
Kanani Industries Limited has announced the closure of its trading window for directors, officers, designated persons, and their immediate relatives from April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and relat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.