Kanani Industries Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹31 Cr
- P/E
- 13.92
- ROE
- 3.84%
- PEG
- 2.33
- Price to sales
- 0.20
- Debt to equity
- 0.01
- 52W high / low
- ₹1.91 / ₹1.06
- Sales growth (5Y)
- -11.02%
- EBITDA margin
- 0.66%
- Net profit margin
- 1.48%
- Promoter holding
- 33.79%
- Sales (last year)
- ₹154 Cr
Incorporated in 1983, Kanani Industries Ltd manufactures & exports Diamond Studded Jewellery.[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Kanani Industrie
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Kanani Industrie
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 61.35% | 57.21% | 38.29% | 32.55% | 33.79% | 33.79% | 33.79% | 33.79% | 33.79% | 33.79% | 33.79% | 33.79% |
| Public + | 38.65% | 42.80% | 61.71% | 67.44% | 66.21% | 66.21% | 66.21% | 66.23% | 66.22% | 66.20% | 66.21% | 66.20% |
| No. of Shareholders | 41,801 | 65,336 | 76,380 | 85,402 | 92,888 | 94,755 | 94,611 | 92,756 | 90,894 | 88,848 | 87,305 | 86,495 |
Financials of Kanani Industrie
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 65.79 | 22.00 | 53.29 | 66.54 | 47.35 | 20.87 | 33.71 | 83.69 | 48.72 | 28.47 | 12.91 | 64.29 | 75.35 |
| Expenses + | 65.21 | 22.13 | 53.51 | 66.31 | 47.42 | 20.45 | 33.97 | 83.39 | 48.21 | 28.39 | 12.45 | 64.32 | 75.19 |
| Operating Profit | 0.58 | -0.13 | -0.22 | 0.23 | -0.07 | 0.42 | -0.26 | 0.30 | 0.51 | 0.08 | 0.46 | -0.03 | 0.16 |
| OPM % | 0.88% | -0.59% | -0.41% | 0.35% | -0.15% | 2.01% | -0.77% | 0.36% | 1.05% | 0.28% | 3.56% | -0.05% | 0.21% |
| Other Income + | -0.08 | 0.18 | 0.46 | 0.05 | 0.13 | 0.33 | 0.01 | -0.01 | 0.97 | 0.34 | 0.00 | 0.00 | 1.80 |
| Interest | 0.12 | 0.15 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.37 | -0.10 | 0.03 | 0.27 | 0.05 | 0.74 | -0.26 | 0.29 | 1.48 | 0.42 | 0.46 | -0.03 | 1.96 |
| Tax % | 5.41% | -20.00% | 0.00% | 3.70% | 0.00% | 4.05% | -3.85% | 3.45% | 8.11% | 7.14% | -19.57% | 33.33% | 12.76% |
| Net Profit + | 0.34 | -0.08 | 0.03 | 0.26 | 0.05 | 0.71 | -0.24 | 0.28 | 1.36 | 0.39 | 0.55 | -0.04 | 1.71 |
| EPS in Rs | 0.02 | -0.00 | 0.00 | 0.01 | 0.00 | 0.04 | -0.01 | 0.01 | 0.07 | 0.02 | 0.03 | -0.00 | 0.09 |
Financials of Kanani Industrie
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 444 | 496 | 443 | 386 | 344 | 377 | 312 | 291 | 270 | 223 | 168 | 174 | 181 |
| Expenses + | 441 | 493 | 443 | 385 | 340 | 373 | 311 | 289 | 267 | 222 | 168 | 172 | 180 |
| Operating Profit | 3 | 3 | -0 | 1 | 4 | 3 | 1 | 2 | 3 | 1 | 0 | 1 | 1 |
| OPM % | 0.7% | 0.5% | -0.0% | 0.3% | 1.1% | 0.9% | 0.3% | 0.6% | 1.2% | 0.2% | 0.2% | 0.8% | 0.4% |
| Other Income + | 0 | 0 | 2 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 1 | 1 | 3 | 3 |
| Tax % | 6% | 9% | 25% | 15% | 7% | 7% | 20% | 10% | 6% | 7% | 4% | 3% | |
| Net Profit + | 2 | 2 | 0 | 1 | 2 | 3 | 0 | 2 | 2 | 1 | 1 | 3 | 3 |
| EPS in Rs | 0.08 | 0.10 | 0.03 | 0.04 | 0.11 | 0.13 | 0.02 | 0.09 | 0.11 | 0.03 | 0.04 | 0.13 | 0.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kanani Industrie
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 20 |
| Reserves | 36 | 39 | 39 | 40 | 43 | 47 | 47 | 49 | 53 | 43 | 45 | 50 | 52 |
| Borrowings + | 35 | 30 | 29 | 35 | 37 | 25 | 22 | 24 | 31 | 6 | 0 | 0 | 1 |
| Other Liabilities + | 74 | 91 | 79 | 75 | 61 | 73 | 55 | 58 | 36 | 26 | 28 | 34 | 30 |
| Total Liabilities | 155 | 169 | 156 | 160 | 151 | 155 | 133 | 141 | 131 | 95 | 93 | 104 | 102 |
| Fixed Assets + | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 155 | 169 | 156 | 159 | 150 | 154 | 133 | 141 | 130 | 95 | 93 | 104 | 102 |
| Total Assets | 155 | 169 | 156 | 160 | 151 | 155 | 133 | 141 | 131 | 95 | 93 | 104 | 102 |
Financials of Kanani Industrie
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -3 | 6 | -4 | -7 | -1 | 6 | 3 | -2 | -2 | 19 | 6 | 0 |
| Cash from Investing Activity + | 0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Cash from Financing Activity + | 9 | -5 | -1 | 6 | 2 | -12 | -3 | 2 | 6 | -26 | -6 | 0 |
| Net Cash Flow | 6 | 1 | -5 | -0 | 1 | -6 | -0 | 0 | 3 | -7 | -0 | 1 |
| Free Cash Flow | -3 | 6 | -4 | -7 | -1 | 6 | 3 | -2 | -2 | 19 | 6 | 0 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -99% | 242% | 2,150% | -626% | -25% | 189% | 323% | -90% | -55% | 3,446% | 1,718% | 19% |
Financials of Kanani Industrie
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 99 | 99 | 116 | 115 | 115 | 128 | 128 | 128 | 123 | 154 | 179 |
| Inventory Days | 13 | 13 | 20 | 25 | 33 | 30 | 22 | 42 | 36 | 29 | 43 | 35 |
| Days Payable | 61 | 67 | 65 | 71 | 65 | 72 | 65 | 73 | 50 | 42 | 61 | 73 |
| Cash Conversion Cycle | 54 | 46 | 55 | 70 | 83 | 74 | 85 | 97 | 114 | 110 | 136 | 142 |
| Working Capital Days | 27 | 26 | 33 | 41 | 50 | 54 | 63 | 68 | 87 | 111 | 138 | 143 |
| ROCE % | 4% | 4% | 3% | 1% | 4% | 4% | 1% | 2% | 4% | 2% | 1% | 4% |
Continue your research
What Kanani Industrie's management said in earlier quarters
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