Kanani Industries Ltd

Kanani Industries Ltd

₹ 3.90 -1.27%
23 Apr - 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 78.2 Cr.
  • Current Price 3.90
  • High / Low 7.55 / 3.25
  • Stock P/E 137
  • Book Value 3.21
  • Dividend Yield 0.00 %
  • ROCE 3.72 %
  • ROE 3.56 %
  • 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 -6.85% over past five years.
  • Company has a low return on equity of 1.46% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.0.58 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
84.29 87.64 73.50 101.11 73.56 42.55 95.01 65.97 47.65 61.86 81.73 65.79 22.00
84.22 87.57 73.17 100.64 73.22 41.97 93.64 64.86 47.15 61.66 81.44 65.21 22.13
Operating Profit 0.07 0.07 0.33 0.47 0.34 0.58 1.37 1.11 0.50 0.20 0.29 0.58 -0.13
OPM % 0.08% 0.08% 0.45% 0.46% 0.46% 1.36% 1.44% 1.68% 1.05% 0.32% 0.35% 0.88% -0.59%
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 0.15 0.15 0.40 0.33 0.15 1.12 1.31 0.53 0.43 0.03 0.36 0.37 -0.10
Tax % 13.33% 13.33% 7.50% 12.12% 0.00% 11.61% 4.58% 1.89% 6.98% 166.67% 13.89% 5.41% 20.00%
0.12 0.13 0.37 0.29 0.15 0.99 1.25 0.53 0.41 -0.01 0.32 0.34 -0.08
EPS in Rs 0.01 0.01 0.02 0.01 0.01 0.05 0.06 0.03 0.02 -0.00 0.02 0.02 -0.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
166 292 338 444 496 443 386 344 377 312 291 270 231
162 291 333 441 493 443 385 340 373 311 289 267 230
Operating Profit 4 1 5 3 3 -0 1 4 3 1 2 3 1
OPM % 2% 1% 1% 1% 1% -0% 0% 1% 1% 0% 1% 1% 0%
-1 1 -0 0 0 2 1 0 1 1 1 0 1
Interest 2 2 1 1 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 1 3 2 2 1 1 2 3 1 2 2 1
Tax % 9% 8% 3% 6% 9% 25% 15% 7% 7% 20% 10% 6%
1 1 3 2 2 0 1 2 3 0 2 2 1
EPS in Rs 0.03 0.05 0.15 0.08 0.10 0.03 0.04 0.11 0.13 0.02 0.09 0.11 0.04
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -7%
3 Years: -10%
TTM: -8%
Compounded Profit Growth
10 Years: 8%
5 Years: 46%
3 Years: 4%
TTM: -82%
Stock Price CAGR
10 Years: -2%
5 Years: 9%
3 Years: 24%
1 Year: 10%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 1%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 9 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 31 32 35 36 39 39 40 43 47 47 49 53 54
48 15 26 35 30 29 35 37 25 22 24 31 20
29 87 123 74 91 79 75 61 73 55 58 36 48
Total Liabilities 117 143 193 155 169 156 160 151 155 133 141 131 131
1 1 1 1 1 1 0 1 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
116 142 192 155 169 156 159 150 154 133 141 130 131
Total Assets 117 143 193 155 169 156 160 151 155 133 141 131 131

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-49 29 -7 -3 6 -4 -7 -1 6 3 -2 -3
-1 0 0 0 0 -0 -0 -0 0 0 -0 0
57 -33 11 9 -5 -1 6 2 -12 -3 2 7
Net Cash Flow 7 -4 4 6 1 -5 -0 1 -6 -0 0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 211 146 154 102 99 99 116 115 115 128 128 128
Inventory Days 26 27 45 13 13 20 25 33 30 22 42 36
Days Payable 65 109 135 61 67 65 71 65 72 65 73 50
Cash Conversion Cycle 173 65 65 54 46 55 70 83 74 85 97 114
Working Capital Days 176 66 67 55 47 56 71 84 75 87 98 116
ROCE % 4% 9% 4% 4% 3% 1% 4% 4% 1% 2% 4%

Shareholding Pattern

Numbers in percentages

23 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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