Kanani Industries Ltd

Kanani Industries Ltd

₹ 3.60 -2.70%
28 May - close price
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.

  • Market Cap 71.2 Cr.
  • Current Price 3.60
  • High / Low 7.55 / 3.39
  • Stock P/E 210
  • Book Value 2.27
  • Dividend Yield 0.00 %
  • ROCE 2.23 %
  • ROE 1.13 %
  • Face Value 1.00

Pros

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: -4.14%
  • The company has delivered a poor sales growth of 0.31% over past five years.
  • Company has a low return on equity of 1.43% over last 3 years.
  • Earnings include an other income of Rs.0.58 Cr.
  • Company has high debtors of 228 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
16.89 22.27 16.13 28.93 18.41 21.09 24.56 25.41 13.00 17.53 19.20 27.62 0.00
16.91 22.22 16.08 28.61 18.19 20.86 24.19 24.79 12.79 17.22 19.05 27.27 0.11
Operating Profit -0.02 0.05 0.05 0.32 0.22 0.23 0.37 0.62 0.21 0.31 0.15 0.35 -0.11
OPM % -0.12% 0.22% 0.31% 1.11% 1.20% 1.09% 1.51% 2.44% 1.62% 1.77% 0.78% 1.27%
0.24 0.42 0.32 0.18 0.07 0.60 0.13 -0.27 0.15 0.11 0.37 -0.08 0.18
Interest 0.14 0.32 0.23 0.30 0.22 0.04 0.17 0.29 0.20 0.26 0.29 0.12 0.15
Depreciation 0.02 0.02 0.02 0.02 0.04 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.00
Profit before tax 0.06 0.13 0.12 0.18 0.03 0.77 0.31 0.04 0.14 0.14 0.22 0.14 -0.08
Tax % 16.67% 15.38% 16.67% 16.67% 33.33% 16.88% 16.13% 25.00% 14.29% 35.71% 18.18% 14.29% 12.50%
0.05 0.11 0.11 0.15 0.03 0.64 0.26 0.03 0.12 0.10 0.19 0.12 -0.07
EPS in Rs 0.00 0.01 0.01 0.01 0.00 0.03 0.01 0.00 0.01 0.01 0.01 0.01 -0.00
Raw PDF
Upcoming result date: 30 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
140.27 77.63 70.60 69.49 84.88 78.72 79.24 83.13 85.64 77.17 84.56 80.49 64.35
136.90 77.00 68.78 68.41 84.34 79.27 78.87 81.22 84.46 76.25 83.69 78.93 63.65
Operating Profit 3.37 0.63 1.82 1.08 0.54 -0.55 0.37 1.91 1.18 0.92 0.87 1.56 0.70
OPM % 2.40% 0.81% 2.58% 1.55% 0.64% -0.70% 0.47% 2.30% 1.38% 1.19% 1.03% 1.94% 1.09%
-0.51 1.19 -0.26 0.19 0.38 2.26 1.41 0.01 0.66 0.91 1.17 0.12 0.58
Interest 2.49 1.53 1.29 0.97 0.40 1.13 1.20 0.95 0.98 1.21 0.83 0.97 0.82
Depreciation 0.12 0.11 0.10 0.10 0.09 0.09 0.09 0.26 0.14 0.09 0.09 0.07 0.04
Profit before tax 0.25 0.18 0.17 0.20 0.43 0.49 0.49 0.71 0.72 0.53 1.12 0.64 0.42
Tax % 20.00% 22.22% 17.65% 20.00% 18.60% 18.37% 20.41% 19.72% 22.22% 15.09% 16.96% 20.31%
0.20 0.14 0.14 0.17 0.35 0.39 0.40 0.57 0.57 0.44 0.93 0.50 0.34
EPS in Rs 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.03 0.02 0.05 0.03 0.03
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: 0%
5 Years: 0%
3 Years: -2%
TTM: -23%
Compounded Profit Growth
10 Years: 14%
5 Years: 5%
3 Years: -4%
TTM: -68%
Stock Price CAGR
10 Years: -3%
5 Years: 8%
3 Years: 12%
1 Year: -8%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8.99 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89 9.89
Reserves 30.99 30.24 30.38 30.52 30.87 31.26 31.66 32.23 32.80 33.24 34.17 34.68 34.99
48.07 14.88 25.60 24.96 19.34 22.59 29.04 30.81 25.28 22.18 24.48 31.36 20.19
25.96 21.50 1.90 11.83 18.22 13.56 14.58 19.36 24.16 21.13 23.34 14.05 22.93
Total Liabilities 114.01 76.51 67.77 77.20 78.32 77.30 85.17 92.29 92.13 86.44 91.88 89.98 88.00
1.02 0.91 0.81 0.69 0.61 0.53 0.46 0.55 0.42 0.32 0.34 0.23 0.22
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 20.06 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34 21.34
92.93 55.54 45.62 55.17 56.37 55.43 63.37 70.40 70.37 64.78 70.20 68.41 66.44
Total Assets 114.01 76.51 67.77 77.20 78.32 77.30 85.17 92.29 92.13 86.44 91.88 89.98 88.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20.32 28.95 -4.90 7.08 6.44 -8.25 -6.31 -0.92 -0.67 3.37 -2.08 -6.94
-19.76 0.00 -1.27 0.00 0.00 -0.01 -0.02 -0.36 0.00 0.00 -0.11 0.03
-1.51 -33.19 10.71 -0.64 -5.63 3.25 6.46 1.77 -5.53 -3.10 2.30 6.87
Net Cash Flow -0.95 -4.24 4.54 6.44 0.81 -5.00 0.13 0.49 -6.20 0.26 0.12 -0.03

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 207.88 196.49 193.20 211.47 175.10 180.74 214.01 208.12 222.90 262.03 226.66 228.23
Inventory Days 14.36 52.74 1.02 2.37 0.70 28.53 30.61 55.26 62.13 22.23 56.59 61.12
Days Payable 69.30 102.29 9.78 63.17 79.04 62.13 67.67 87.30 106.69 103.87 103.66 65.97
Cash Conversion Cycle 152.95 146.95 184.44 150.66 96.76 147.14 176.94 176.08 178.34 180.40 179.58 223.38
Working Capital Days 156.57 147.97 189.32 156.16 101.96 150.69 181.12 180.24 180.92 187.44 184.40 227.82
ROCE % 3.09% 2.39% 4.40% 1.78% 1.32% 2.62% 2.52% 2.31% 2.41% 2.61% 2.91% 2.23%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.83% 74.83% 74.83% 71.72% 61.35% 61.35% 61.35% 61.35% 61.35% 61.35% 61.35% 57.21%
25.17% 25.17% 25.17% 28.28% 38.65% 38.65% 38.65% 38.64% 38.64% 38.65% 38.65% 42.80%
No. of Shareholders 3,9464,1166,1265,65433,32228,51427,06125,87426,01827,42941,80165,336

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