Kanani Industries Ltd

About [ edit ]

Kanani Industries is engaged in the Business of manufacture & Export of Diamond Studded Jewellery.

  • Market Cap 41.6 Cr.
  • Current Price 4.20
  • High / Low 5.83 / 1.99
  • Stock P/E 29.5
  • Book Value 5.68
  • Dividend Yield 0.00 %
  • ROCE 3.68 %
  • ROE 3.56 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -3.25% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 2.35% for last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.14 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
87.87 89.00 87.78 79.49 86.42 60.51 126.68 102.96 70.78 68.86 84.29
86.27 87.67 87.80 78.83 85.69 59.17 126.45 102.15 69.80 69.14 84.22
Operating Profit 1.60 1.33 -0.02 0.66 0.73 1.34 0.23 0.81 0.98 -0.28 0.07
OPM % 1.82% 1.49% -0.02% 0.83% 0.84% 2.21% 0.18% 0.79% 1.38% -0.41% 0.08%
Other Income 0.03 0.57 -0.17 -0.42 -0.14 -0.32 0.48 0.64 -0.16 0.42 0.24
Interest 0.28 0.30 0.24 0.17 0.12 0.32 0.20 0.24 0.35 0.32 0.14
Depreciation 0.06 0.06 0.07 0.07 0.03 0.03 0.04 0.04 0.02 0.02 0.02
Profit before tax 1.29 1.54 -0.50 0.00 0.44 0.67 0.47 1.17 0.45 -0.20 0.15
Tax % 7.75% 2.60% -2.00% 15.91% 1.49% 6.38% 5.98% 11.11% -10.00% 13.33%
Net Profit 1.19 1.50 -0.51 0.00 0.36 0.65 0.45 1.10 0.41 -0.22 0.12
EPS in Rs 0.12 0.15 -0.05 0.00 0.04 0.07 0.05 0.11 0.04 -0.02 0.01

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 TTM
166 292 338 444 496 443 386 344 377 327
162 291 333 441 493 443 385 340 373 325
Operating Profit 4 1 5 3 3 -0 1 4 3 2
OPM % 2% 1% 1% 1% 1% -0% 0% 1% 1% 0%
Other Income -1 1 -0 0 0 2 1 0 1 1
Interest 2 2 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 1 3 2 2 1 1 2 3 2
Tax % 9% 8% 3% 6% 9% 25% 15% 7% 7%
Net Profit 1 1 3 2 2 0 1 2 3 1
EPS in Rs 0.07 0.10 0.30 0.17 0.19 0.05 0.08 0.22 0.26 0.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-3%
3 Years:-5%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:57%
TTM:-11%
Stock Price CAGR
10 Years:-22%
5 Years:-18%
3 Years:-19%
1 Year:87%
Return on Equity
10 Years:%
5 Years:2%
3 Years:2%
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 Sep 2020
9 10 10 10 10 10 10 10 10 10
Reserves 31 32 35 36 39 39 40 43 47 46
Borrowings 48 15 26 35 30 29 35 37 25 30
29 87 123 74 91 79 75 61 73 35
Total Liabilities 117 143 193 155 169 156 160 151 155 122
1 1 1 1 1 1 0 1 0 0
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0
116 142 192 155 169 156 159 150 154 121
Total Assets 117 143 193 155 169 156 160 151 155 122

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
-49 29 -7 -3 6 -4 -7 -1 6
-1 0 0 0 0 -0 -0 -0 0
57 -33 11 9 -5 -1 6 2 -12
Net Cash Flow 7 -4 4 6 1 -5 -0 1 -6

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
ROCE % 4% 9% 4% 4% 3% 1% 4% 4%
Debtor Days 211 146 154 102 99 99 116 115 115
Inventory Turnover 17.41 10.56 15.34 28.84 20.77 15.05 11.92 12.10

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83 74.83
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
25.17 25.17 25.17 25.17 25.17 25.17 25.16 25.17 25.17 25.17 25.17 25.17

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