Kanani Industries Limited (KANANIIND)
₹1.48 +12.12% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Kanani Industries' revenue was ₹64.3 Cr (-23.2% year on year, +398.0% on the previous quarter), and net profit ₹-0.0 Cr (against a profit a year earlier); the operating margin was -0.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹64.3 | -23.2% | +398.0% |
| Operating profit | ₹-0.0 | to loss | to loss |
| Net profit | ₹-0.0 | to loss | to loss |
| EPS (₹) | -0.00 | to loss | to loss |
| Operating margin | -0.0% | — | — |
KANANIIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 83.0% of the KANANIIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 69.89%. That is higher than usual for this stock. Turnover was only ₹9 lakh, so a handful of trades can move this figure. It traded 4.9 times its average daily volume.
Delivery in the last 5 sessions: 62.4% · 66.9% · 49.8% · 74.8% · 83.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Kanani Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Transfer Agent MUFG Intime India Private Limited on October 03, 2026, confirms the processing and mutilation of dematerialised share certificates within prescribed timelines. This is a standard quarterly administrative filing with no financial or operational impact.
- Compliance certificate filed under Regulation 74(5) of SEBI (DP) Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 03, 2026
- Confirmation that received share certificates were verified, cancelled, and depositories updated within timelines
Kanani Industries has announced its 43rd Annual General Meeting (AGM) will be held on September 28, 2026. To facilitate this, the company will observe a book closure period from September 21 to September 28, 2026. This is a standard procedural filing required for the annual administrative cycle of the company. Investors should note the company's micro-cap status (₹31 Cr) and thin operating margins of 0.8% as context for its overall financial health.
- 43rd Annual General Meeting scheduled for September 28, 2026, at 11:00 AM IST
- Book closure period set for 8 days from September 21 to September 28, 2026
- Meeting to be conducted via e-voting services provided by Link Intime India Private Limited
- Company maintains a small market capitalization of ₹31 Cr with a TTM revenue of ₹174 Cr
Kanani Industries reported a consolidated revenue of Rs 64.29 Cr for Q1 FY27, representing a 23.2% decline from Rs 83.69 Cr in the same quarter last year. The company swung to a consolidated net loss of Rs 3.85 Lakhs compared to a profit of Rs 28.32 Lakhs YoY. Notably, standalone operations reported zero revenue for the quarter, indicating total reliance on its Hong Kong-based subsidiary, KIL International Limited. Operating margins remain extremely fragile, with consolidated expenses of Rs 64.32 Cr nearly offsetting the entire revenue.
- Consolidated revenue decreased 23.2% YoY to Rs 64.29 Cr from Rs 83.69 Cr.
- Standalone revenue for the quarter was Rs 0.00, down from Rs 10.20 Cr in Q1 FY26.
- Consolidated net loss of Rs 3.85 Lakhs vs a profit of Rs 28.32 Lakhs in the previous year's quarter.
- Purchase of stock-in-trade accounted for 97.4% of consolidated revenue at Rs 62.62 Cr.
- Consolidated EPS turned negative at Rs (0.002) for the quarter.
Kanani Industries held a board meeting on August 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company has scheduled its 43rd Annual General Meeting (AGM) for September 28, 2026, to be conducted via video conferencing. Additionally, the register of members and share transfer books will be closed from September 21 to September 28, 2026, for AGM purposes. This filing is primarily procedural, confirming the completion of the quarterly audit review and setting the annual shareholder meeting timeline.
- 43rd Annual General Meeting scheduled for September 28, 2026, at 11:00 A.M.
- Board approved unaudited financial results for the quarter ended June 30, 2026.
- Register of Members and Share Transfer Books to remain closed from September 21 to September 28, 2026.
- Board meeting duration was 1 hour and 40 minutes, concluding at 3:40 P.M.
- Deep Shukla, Practicing Company Secretary, appointed as Scrutinizer for the AGM voting process.
Kanani Industries has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar and Transfer Agent MUFG Intime India Private Limited, confirms that all securities received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. This includes the cancellation of physical certificates and the updating of the register of members. This is a standard administrative filing required for all listed companies in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Transfer Agent (RTA) confirmed as MUFG Intime India Private Limited
- Physical security certificates were mutilated and cancelled after due verification
- Name of depositories substituted in the register of members within prescribed timelines
Kanani Industries Limited has informed the exchanges that its trading window will be closed starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the unaudited financial results for the quarter ending June 30, 2026. The window will remain shut for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results is yet to be announced.
- Trading window closure commences on Wednesday, July 01, 2026
- Closure is related to the financial results for the quarter ended June 30, 2026
- Restriction applies to all Directors, Officers, and Designated Persons of the company
- Window will reopen 48 hours after the financial results are officially declared
Kanani Industries reported a strong performance for the fiscal year ended March 31, 2026, with consolidated net profit jumping to ₹257.59 Lakhs from ₹77.87 Lakhs in the previous year. Consolidated annual revenue saw a steady climb to ₹173.79 Crore, while the standalone business successfully resumed operations, contributing ₹10.20 Crore to the top line after a zero-revenue year. Despite a decline in Q4 consolidated revenue compared to the previous year, the company achieved a turnaround in quarterly profitability, posting a profit of ₹54.74 Lakhs against a loss in Q4 FY25.
- Consolidated Net Profit for FY26 grew by 230.8% YoY to ₹257.59 Lakhs.
- Consolidated Annual Revenue increased to ₹17,379.35 Lakhs from ₹16,847.13 Lakhs in FY25.
- Standalone operations resumed with ₹1,020.46 Lakhs in revenue for FY26 compared to nil in FY25.
- Consolidated EPS improved significantly to ₹0.13 from ₹0.04 in the previous fiscal year.
- Q4 FY26 consolidated net profit stood at ₹54.74 Lakhs, recovering from a loss of ₹24.27 Lakhs in Q4 FY25.
The Board of Directors of Kanani Industries met on May 30, 2026, to approve the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The results were submitted along with the audit report from statutory auditors M/s. JMMK & Co. The board meeting lasted approximately one hour and fifty minutes, concluding at 3:35 PM. This filing confirms compliance with SEBI Listing Obligations and Disclosure Requirements.
- Board approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
- Statutory audit report for the period was submitted by M/s. JMMK & Co., Chartered Accountants.
- The board meeting was conducted on May 30, 2026, between 1:45 PM and 3:35 PM.
Kanani Industries has filed its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter group, led by Premjibhai Kanani and Harshil Kanani, confirmed that no shares held by them were encumbered or pledged during the period. Premjibhai Kanani holds 5,08,42,694 shares, while Harshil Kanani holds 1,60,12,260 shares. This routine disclosure confirms the absence of promoter share pledging, which is a positive sign of financial health and stability.
- Promoters declared zero encumbrances on their shareholding for the financial year ended March 31, 2026
- Premjibhai Kanani holds the largest promoter stake with 5,08,42,694 shares
- Harshil Kanani holds 1,60,12,260 shares as of the reporting date
- Compliance filing under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations
Kanani Industries reported a significant turnaround in its consolidated financial performance for Q2 FY2025, with net profit jumping to ₹135.65 Lakhs from just ₹5.20 Lakhs in the same period last year. Consolidated revenue for the quarter grew to ₹4,871.76 Lakhs, up from ₹4,734.92 Lakhs YoY. Notably, the standalone business resumed operations with a revenue of ₹1,020.46 Lakhs after reporting zero revenue in the previous quarter and the same quarter last year. For the first half of FY2025, consolidated net profit reached ₹163.97 Lakhs compared to ₹31.18 Lakhs in H1 FY2024.
- Consolidated Net Profit increased significantly to ₹135.65 Lakhs in Q2 FY2025 from ₹5.20 Lakhs YoY.
- Standalone revenue resumed at ₹1,020.46 Lakhs after reporting nil revenue in Q1 FY2025 and Q2 FY2024.
- Consolidated H1 FY2025 revenue grew to ₹13,241.21 Lakhs from ₹11,389.36 Lakhs in H1 FY2024.
- Consolidated Earnings Per Share (EPS) improved to ₹0.07 for the quarter from ₹0.003 YoY.
- Total consolidated assets as of September 30, 2025, stood at ₹9,567.92 Lakhs.
Kanani Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended March 31, 2026. The certificate, issued by Registrar and Transfer Agent MUFG Intime India Pvt. Ltd., confirms that share certificates received for dematerialization were processed within prescribed timelines. This filing ensures that the company's shareholding records are accurately updated and physical certificates are appropriately cancelled. Such filings are standard regulatory requirements for listed companies in India.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Issued by Registrar and Transfer Agent MUFG Intime India Private Limited
- Confirms dematerialization requests were accepted or rejected within prescribed SEBI timelines
- Verification and cancellation of physical security certificates completed as per regulations
Kanani Industries Limited has officially notified the stock exchanges regarding a change in its registered office address effective April 03, 2026. The office has moved from unit GE-1080 to units DC-6112-6113, both located within the Bharat Diamond Bourse in Bandra Kurla Complex, Mumbai. This relocation is a routine administrative update within the same business complex and does not affect the company's operational capacity or financial health. The company has confirmed that the MCA Master Data has been updated accordingly.
- Registered office relocated from unit GE-1080 to DC-6112-6113.
- The location remains within the Bharat Diamond Bourse, BKC, Mumbai (400051).
- The change was formally filed under Regulation 30 of SEBI (LODR) Regulations on April 03, 2026.
- No change in factory location, which remains in Surat Special Economic Zone, Gujarat.
Kanani Industries Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially declared to the stock exchanges. This is a standard regulatory procedure for listed companies in India ahead of financial disclosures.
- Trading window closure effective from Wednesday, April 1, 2026
- Closure pertains to the audited financial results for the quarter and year ended March 31, 2026
- Window will reopen 48 hours after the board meeting to approve the financial results
- Applies to all Directors, Officers, and Designated Persons of the company
Kanani Industries Limited held a board meeting on February 12, 2026, to approve the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The results were reviewed and taken on record along with the Limited Review Report from statutory auditors M/s. JMMK & Co. The meeting concluded at 3:40 PM, marking the completion of the regulatory review for the third quarter. Investors should now focus on the specific profit and revenue figures within the detailed financial tables.
- Board approved un-audited standalone and consolidated financial results for the period ended Dec 31, 2025.
- Limited Review Report was submitted by statutory auditors M/s. JMMK & Co.
- The board meeting commenced at 2:00 PM and concluded at 3:40 PM on February 12, 2026.
- Compliance maintained under Regulation 33 and 30 of SEBI (LODR) Regulations, 2015.
Kanani Industries Limited held a board meeting on February 12, 2026, to approve the un-audited financial results for the quarter and nine months ended December 31, 2025. The board reviewed both standalone and consolidated financial statements along with the Limited Review Report from statutory auditors M/s. JMMK & Co. The meeting was conducted between 2:00 PM and 3:40 PM. This announcement confirms the company's adherence to SEBI's regulatory disclosure requirements for the third quarter of the fiscal year.
- Approval of un-audited standalone and consolidated financial results for the quarter ended December 31, 2025.
- Limited Review Report from Statutory Auditors M/s. JMMK & Co. was taken on record.
- The board meeting concluded within 1 hour and 40 minutes on February 12, 2026.
- Compliance maintained with Regulation 33 and 30 of SEBI (LODR) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Standalone total income plummeted by 98.92% from INR 47.76 Cr in FY 2023-24 to INR 0.52 Cr in FY 2024-25. This drastic decline indicates a near-total cessation of core business activities at the standalone level during the period.
Geographic Revenue Split
The company faces high geographical concentration risks at the standalone level. It operates through its registered office in Mumbai and a factory in Surat, with international exposure via its wholly-owned subsidiary, KIL International Limited, based in Hong Kong.
Profitability Margins
Operating Profit Margin (OPM) was 1.91% and Net Profit Margin (NPM) was 0.37% in FY 2023-24. Return on Net Worth decreased by 65.79% from 0.38% in FY 2023-24 to 0.13% in FY 2024-25, reflecting severely weakened profitability.
EBITDA Margin
Operating Profit Margin was 1.91% in FY 2023-24. Core profitability is constrained by thin margins and stagnant revenues, which have now transitioned into a significant decline in FY 2024-25.
Credit Rating & Borrowing
Ratings were reaffirmed at [ICRA]B+(Stable)/[ICRA]A4 as of September 2022 for a total rated amount of INR 25.00 Cr. The rating reflects a moderate financial profile and stretched liquidity.
Operational Drivers
Raw Materials
Polished diamonds are the primary raw material, representing a significant but unspecified percentage of total costs. The company's profitability is highly sensitive to price fluctuations in these materials.
Import Sources
Raw materials are sourced through international markets, likely involving Hong Kong given the location of the company's wholly-owned subsidiary, KIL International Limited.
Capacity Expansion
The company operates a factory in the Surat Special Economic Zone (Sachin, Surat). Specific installed capacity figures or expansion plans are not disclosed in the available documents.
Raw Material Costs
Raw material costs are a critical driver, as thin operating margins of 1.91% leave the company vulnerable to polished diamond price volatility, which can quickly erode net profitability.
Manufacturing Efficiency
The company maintains a factory in the Surat SEZ; however, the inventory turnover ratio was extremely low at 0.02% in FY 2023-24, indicating significant manufacturing and sales cycle inefficiencies.
Strategic Growth
Growth Strategy
The company aims to achieve growth by leveraging its organized operational structure in a largely unorganized industry. It utilizes its Surat SEZ facility for manufacturing and its Hong Kong subsidiary, KIL International Limited, to facilitate international trade and capture robust industry demand.
Products & Services
The company sells polished diamonds and diamond-studded jewellery to its customers.
Brand Portfolio
Kanani Industries Limited.
Strategic Alliances
The company operates through a wholly-owned subsidiary, KIL International Limited, in Hong Kong, which is consolidated for financial reporting.
External Factors
Industry Trends
The Gems and Jewellery industry is experiencing robust growth, driven by developments in other sectors and a gradual shift toward more organized business practices, which the company aims to exploit.
Competitive Landscape
Intense competition from unorganized players who dominate the Indian Gems and Jewellery industry and operate with lower compliance costs.
Competitive Moat
The moat is based on an organized operational model in an unorganized sector. However, this advantage is fragile due to thin 1.91% margins and high dependency on a few customers and suppliers.
Macro Economic Sensitivity
Highly sensitive to global economic conditions affecting demand for luxury goods and changes in government regulations or tax laws in India and overseas markets.
Geopolitical Risks
Exposed to international trade barriers and regulatory changes in Hong Kong and India, which could disrupt the flow of polished diamonds and jewellery.
Regulatory & Governance
Industry Regulations
Operations are governed by the Special Economic Zone Rules, 2006, due to the factory's location in the Surat SEZ. Compliance with these rules is essential for maintaining tax benefits and export status.
Risk Analysis
Key Uncertainties
The primary business risks include the 98.9% decline in standalone revenue, thin 1.91% operating margins, and a significant drop in the interest coverage ratio to 1.39, which threatens debt servicing capability.
Geographic Concentration Risk
High geographical concentration at the standalone level, with significant reliance on the Hong Kong market via its subsidiary.
Third Party Dependencies
High dependency on a limited number of suppliers and customers for polished diamonds, creating significant counterparty risk.
Credit & Counterparty Risk
Stretched liquidity position and moderate financial profile; the Debtors Turnover Ratio was 85.81% in FY 2023-24, indicating potential challenges in receivable collections.
