Kanani Industries Limited (IN:KANANIIND)
:KANANIIND
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Kanani Industries Limited
(KANANIIND)
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Rating:53Neutral
Price Target:
₹2.00
▲(14.29% Upside)
Action:ReiteratedDate:04/09/26
The score is held back primarily by weak financial performance (declining revenue, very thin margins, and inconsistent cash flow), partially offset by a conservative, low-leverage balance sheet. Technical signals are mixed and valuation appears mid-range based on the provided P/E.
Positive Factors
Conservative balance sheet
Kanani's very low leverage and substantial equity base provide durable financial stability and downside protection. Over a 2–6 month horizon this lowers refinancing and solvency risk, preserves capacity to fund working capital, and enables opportunistic investment without creditor pressure.
Negative Factors
Declining revenue trend
Revenue has trended downward with a sharp ~10.4% decline in FY2025, eroding scale and pricing leverage. Continued top-line shrinkage will pressure fixed-cost absorption, constrain margin recovery, and limit the company’s ability to invest in distribution or product initiatives in coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Kanani's very low leverage and substantial equity base provide durable financial stability and downside protection. Over a 2–6 month horizon this lowers refinancing and solvency risk, preserves capacity to fund working capital, and enables opportunistic investment without creditor pressure.
Read all positive factors
Kanani Industries Limited (KANANIIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹342.31M
Dividend YieldN/A
Average Volume (3M)80.03K
Price to Earnings (P/E)21.1
Beta (1Y)0.88
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees4
SectorConsumer Defensive
Sector Strength42
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.02
Shares Outstanding197,868,000
10 Day Avg. Volume40,083
30 Day Avg. Volume80,027
Financial Highlights & Ratios
PEG Ratio0.97
Price to Book (P/B)0.54
Price to Sales (P/S)0.21
P/FCF Ratio0.00
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
Kanani Industries Limited manufactures and exports diamond studded jewellery in India. The company was formerly known as IMP Finance Limited and changed its name to Kanani Industries Limited in October 2007. Kanani Industries Limited was incorpora...
How the Company Makes Money
Kanani Industries Limited primarily makes money by generating revenue from the sale of jewellery/diamond products and from trading activities related to gems and jewellery. Revenue is earned when the company sells finished jewellery or diamond-rel...
Kanani Industries Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87B | 1.68B | 2.23B | 2.70B | 2.91B | 3.12B |
| Gross Profit | 21.58M | 8.52M | 35.45M | 70.96M | 56.25M | 46.20M |
| EBITDA | 22.79M | 8.31M | 14.95M | 31.71M | 29.54M | 16.65M |
| Net Income | 21.07M | 7.79M | 6.17M | 21.73M | 18.05M | 4.39M |
Balance Sheet | ||||||
| Total Assets | 955.79M | 929.56M | 949.11M | 1.31B | 1.41B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 7.95M | 9.46M | 11.64M | 80.63M | 45.84M | 41.60M |
| Total Debt | 3.24M | 490.00K | 59.50M | 313.57M | 244.83M | 221.79M |
| Total Liabilities | 287.50M | 281.08M | 316.52M | 678.50M | 822.01M | 770.30M |
| Stockholders Equity | 668.30M | 648.48M | 632.59M | 626.64M | 588.03M | 564.54M |
Cash Flow | ||||||
| Free Cash Flow | -9.78M | 0.00 | 191.88M | -19.56M | -18.80M | 30.01M |
| Operating Cash Flow | -9.78M | 56.36M | 191.88M | -19.56M | -17.73M | 30.01M |
| Investing Cash Flow | 0.00 | 463.00K | 1.11M | -1.67M | -1.07M | 0.00 |
| Financing Cash Flow | 2.75M | -59.01M | -261.97M | 56.03M | 23.04M | -31.02M |
Kanani Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | ₹342.31M | 21.13 | ― | ― | ― | ― | |
43 Neutral | ₹337.94M | -35.11 | ― | ― | 28.50% | 9.14% | |
41 Neutral | ₹167.62M | -193.52 | ― | ― | ― | ― | |
41 Neutral | ₹317.67M | 0.44 | ― | ― | ― | ― | |
41 Neutral | ₹354.20M | -0.22 | ― | ― | -85.84% | -93.11% |
* Consumer Defensive Sector Average
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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.