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Kanani Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹0.61Overvalued by 63.69%vs CMP ₹1.68

P/E (18.6) × ROE (1.2%) × BV (₹3.38) × DY (2.00%)

₹1.51Overvalued by 10.12%vs CMP ₹1.68
MoS: -11.3% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹0.6125%Over (-63.7%)
Graham NumberEarnings₹2.6218%Under (+56%)
Earnings PowerEarnings₹0.4912%Over (-70.8%)
DCFCash Flow₹1.1115%Over (-33.9%)
Net Asset ValueAssets₹3.398%Under (+101.8%)
Earnings YieldEarnings₹0.908%Over (-46.4%)
ROCE CapitalReturns₹0.818%Over (-51.8%)
Revenue MultipleRevenue₹4.256%Under (+153%)
Consensus (8 models)₹1.51100%Overvalued
Key Drivers: ROE 1.2% is below cost of equity. | Wide model spread (₹0–₹4) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.0%

*Investments are subject to market risks

Analyst Summary

Kanani Industries Ltd operates in the Gems, Jewellery & Precious Metails segment, current market price is ₹1.68, market cap is 33.2 Cr.. At a glance, stock P/E is 18.6, ROE is 1.19 %, ROCE is 1.21 %, book value is 3.38, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹1.51, around 10.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹168 Cr versus the prior period change of -24.7%, while latest net profit is about ₹1 Cr with a prior-period change of 0.0%. The 52-week range shown on this page is 2.39/1.02, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKanani Industries Ltd. is a Public Limited Listed company incorporated on 22/03/1983 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is…

This summary is generated from the stock page data available for Kanani Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

48
Kanani Industries Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 1.2% WeakROE 1.2% WeakD/E 0.39 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 33.8% Stable
Earnings Quality40/100 · Moderate
OPM stable around 0% SteadyWorking capital: 138 days Capital intensive
Quarterly Momentum70/100 · Strong
Revenue (4Q): 3% YoY FlatProfit (4Q): +70% YoY Strong
Industry Rank20/100 · Weak
P/E 18.6 vs industry 12.5 In-lineROCE 1.2% vs industry 21.0% Below peersROE 1.2% vs industry 24.0% Below peers3Y sales CAGR: -17% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:56 pm

Market Cap 33.2 Cr.
Current Price 1.68
Intrinsic Value₹1.51
High / Low 2.39/1.02
Stock P/E18.6
Book Value 3.38
Dividend Yield0.00 %
ROCE1.21 %
ROE1.19 %
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kanani Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kanani Industries Ltd 33.2 Cr. 1.68 2.39/1.0218.6 3.380.00 %1.21 %1.19 % 1.00
D. P. Abhushan Ltd 2,545 Cr. 1,115 1,730/89013.6 2220.00 %33.6 %35.1 % 10.0
Moksh Ornaments Ltd 103 Cr. 11.6 16.6/8.1111.0 14.10.00 %13.3 %10.0 % 2.00
Tribhovandas Bhimji Zaveri Ltd (TBZ) 975 Cr. 146 218/1106.77 1041.54 %12.0 %10.9 % 10.0
Lypsa Gems & Jewellery Ltd 15.5 Cr. 5.27 11.0/4.05 5.590.00 %45.1 %63.0 % 10.0
Industry Average1,207.67 Cr255.9112.4969.810.31%21.04%24.04%6.60

All Competitor Stocks of Kanani Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 47.6561.8681.7365.7922.0053.2966.5447.3520.8733.7183.6948.7228.47
Expenses 47.1561.6681.4465.2122.1353.5166.3147.4220.4533.9783.3948.2128.39
Operating Profit 0.500.200.290.58-0.13-0.220.23-0.070.42-0.260.300.510.08
OPM % 1.05%0.32%0.35%0.88%-0.59%-0.41%0.35%-0.15%2.01%-0.77%0.36%1.05%0.28%
Other Income 0.150.110.37-0.080.180.460.050.130.330.01-0.010.970.34
Interest 0.200.260.290.120.150.200.000.000.000.000.000.000.00
Depreciation 0.020.020.010.010.000.010.010.010.010.010.000.000.00
Profit before tax 0.430.030.360.37-0.100.030.270.050.74-0.260.291.480.42
Tax % 6.98%166.67%13.89%5.41%-20.00%0.00%3.70%0.00%4.05%-3.85%3.45%8.11%7.14%
Net Profit 0.41-0.010.320.34-0.080.030.260.050.71-0.240.281.360.39
EPS in Rs 0.02-0.000.020.02-0.000.000.010.000.04-0.010.010.070.02

Last Updated: March 4, 2026, 5:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 338444496443386344377312291270223168195
Expenses 333441493443385340373311289267222168194
Operating Profit 533-0143123101
OPM % 1%1%1%-0%0%1%1%0%1%1%0%0%0%
Other Income -0002101110111
Interest 1111111111100
Depreciation 0000000000000
Profit before tax 3221123122112
Tax % 3%6%9%25%15%7%7%20%10%6%7%4%
Net Profit 3220123022112
EPS in Rs 0.150.080.100.030.040.110.130.020.090.110.030.040.09
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172018-20192019-20202020-20212022-20232023-20242024-2025
YoY Net Profit Growth (%)-33.33%0.00%-100.00%100.00%50.00%-100.00%0.00%-50.00%0.00%
Change in YoY Net Profit Growth (%)0.00%33.33%-100.00%200.00%-50.00%-150.00%100.00%-50.00%50.00%

Kanani Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-9%
5 Years:-15%
3 Years:-17%
TTM:-11%
Compounded Profit Growth
10 Years:-7%
5 Years:-17%
3 Years:1%
TTM:45%
Stock Price CAGR
10 Years:-6%
5 Years:3%
3 Years:-25%
1 Year:-29%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:2%
Last Year:1%

Last Updated: September 5, 2025, 8:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:30 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010202020
Reserves 35363939404347474953434547
Borrowings 26353029353725222431600
Other Liabilities 123749179756173555836262828
Total Liabilities 193155169156160151155133141131959396
Fixed Assets 1111010000000
CWIP 0000000000000
Investments 0000000000000
Other Assets 192155169156159150154133141130959395
Total Assets 193155169156160151155133141131959396

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -7-36-4-7-163-2-2196
Cash from Investing Activity + 000-0-0-000-0-000
Cash from Financing Activity + 119-5-162-12-326-26-6
Net Cash Flow 461-5-01-6-003-7-0
Free Cash Flow -7-36-4-7-163-2-2196
CFO/OP -136%-99%242%2,150%-626%-25%189%323%-90%-55%3,446%1,718%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-21.00-32.00-27.00-29.00-34.00-33.00-22.00-21.00-22.00-28.00-5.000.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1541029999116115115128128128123154
Inventory Days 451313202533302242362943
Days Payable 1356167657165726573504261
Cash Conversion Cycle 655446557083748597114110136
Working Capital Days 42272633415054636887111138
ROCE %9%4%4%3%1%4%4%1%2%4%2%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 61.35%61.35%61.35%61.35%57.21%38.29%32.55%33.79%33.79%33.79%33.79%33.79%
Public 38.64%38.64%38.65%38.65%42.80%61.71%67.44%66.21%66.21%66.21%66.23%66.22%
No. of Shareholders 25,87426,01827,42941,80165,33676,38085,40292,88894,75594,61192,75690,894

Shareholding Pattern Chart

No. of Shareholders

Kanani Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.040.030.220.180.04
Diluted EPS (Rs.) 0.040.030.220.180.04
Cash EPS (Rs.) 0.040.030.220.190.05
Book Value[Excl.RevalReserv]/Share (Rs.) 3.283.206.335.945.71
Book Value[Incl.RevalReserv]/Share (Rs.) 3.283.206.335.945.71
Revenue From Operations / Share (Rs.) 8.5111.2627.3429.3931.49
PBDIT / Share (Rs.) 0.040.070.330.290.17
PBIT / Share (Rs.) 0.040.070.320.280.17
PBT / Share (Rs.) 0.040.030.230.200.05
Net Profit / Share (Rs.) 0.030.030.210.180.04
NP After MI And SOA / Share (Rs.) 0.030.030.210.180.04
PBDIT Margin (%) 0.490.651.220.990.57
PBIT Margin (%) 0.480.641.190.960.54
PBT Margin (%) 0.480.300.850.690.17
Net Profit Margin (%) 0.460.270.800.620.14
NP After MI And SOA Margin (%) 0.460.270.800.620.14
Return on Networth / Equity (%) 1.200.973.463.070.77
Return on Capital Employeed (%) 1.242.064.444.702.87
Return On Assets (%) 0.830.651.661.280.32
Long Term Debt / Equity (X) 0.000.090.160.010.03
Total Debt / Equity (X) 0.000.090.500.410.39
Asset Turnover Ratio (%) 1.791.980.690.750.63
Current Ratio (X) 3.313.682.251.721.78
Quick Ratio (X) 2.603.011.801.321.53
Inventory Turnover Ratio (X) 9.091.783.295.383.78
Interest Coverage Ratio (X) 639.541.913.613.681.56
Interest Coverage Ratio (Post Tax) (X) 600.001.813.383.301.39
Enterprise Value (Cr.) 31.7579.3882.65243.0058.48
EV / Net Operating Revenue (X) 0.180.350.300.830.18
EV / EBITDA (X) 38.1954.5525.0384.1832.91
MarketCap / Net Operating Revenue (X) 0.190.330.210.760.12
Price / BV (X) 0.501.180.943.790.71
Price / Net Operating Revenue (X) 0.190.330.210.760.12
EarningsYield 0.020.010.030.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kanani Industries Ltd. is a Public Limited Listed company incorporated on 22/03/1983 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51900MH1983PLC029598 and registration number is 029598. Currently Company is involved in the business activities of Manufacture of jewellery and related articles. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 19.79 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsGE 1080, Bharat Diamond Bourse, G Block,Bandra Kurla Complex, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. Premjibhai D KananiChairman & Wholetime Director
Mr. Harshil P KananiManaging Director
Mr. Darsh Lavjibhai KananiNon Exe.Non Ind.Director
Mr. Tejas ChoksiIndependent Director
Mr. Satyam JaiswalIndependent Director
Mrs. Shiwaginee JaiswalIndependent Director

FAQ

What is the intrinsic value of Kanani Industries Ltd and is it undervalued?

As of 26 April 2026, Kanani Industries Ltd's intrinsic value is ₹1.51, which is 10.12% lower than the current market price of ₹1.68, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.19 %), book value (₹3.38), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kanani Industries Ltd?

Kanani Industries Ltd is trading at ₹1.68 as of 26 April 2026, with a FY2026-2027 high of ₹2.39 and low of ₹1.02. The stock is currently in the middle of its 52-week range. Market cap stands at ₹33.2 Cr..

How does Kanani Industries Ltd's P/E ratio compare to its industry?

Kanani Industries Ltd has a P/E ratio of 18.6, which is above the industry average of 12.49. The premium over industry average may reflect growth expectations or speculative interest.

Is Kanani Industries Ltd financially healthy?

Key indicators for Kanani Industries Ltd: ROCE of 1.21 % is on the lower side compared to the industry average of 21.04%; ROE of 1.19 % is below ideal levels (industry average: 24.04%). Dividend yield is 0.00 %.

Is Kanani Industries Ltd profitable and how is the profit trend?

Kanani Industries Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹168 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows a declining trend.

Does Kanani Industries Ltd pay dividends?

Kanani Industries Ltd has a dividend yield of 0.00 % at the current price of ₹1.68. The company is currently not paying meaningful dividends.

Last Updated: April 25, 2026, 10:56 pm
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kanani Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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