KANANIIND
Kanani Industries financials
- Market cap
- ₹30 Cr
- Sector
- Consumer Durables
What Kanani Industries Limited does
Kanani Industries Limited operates in the gems and jewellery industry, designing and dealing in diamond and studded gold jewellery collections. Its registered office sits inside the Bharat Diamond Bourse in Mumbai, while its factory/export unit is located in the Surat Special Economic Zone, Gujarat. The standalone company itself carried no permanent employees on its rolls in FY25, with the bulk of consolidated group operations, including exports, routed through a subsidiary. Product development is driven by in-house designers and freelance designers who create new jewellery collections and studded-jewellery designs.
Segments
- Diamond & jewellery (standalone)
- Consolidated group business (via subsidiary)
- Manufacturing/export unit
- 1 (Surat Special Economic Zone, Sachin, Surat, Gujarat)
- Subsidiaries
- 1
- Permanent employees on rolls
- 0 (as of March 31, 2025)
Quarterly results
Q1 FY27: revenue down 100.0%, net profit down 140.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 −100% |
| EBITDA | -0 | -0 | -0 | -0 | -0 −8% | -0 −17% | -1 −473% | -0 −200% |
| Net profit | 0 | 0 | -0 | -0 | 1 +7000% | 0 −11% | -1 −489% | -0 −140% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −23.9% 1Y
1Y: ₹1.97 on 10 Sept 2025 → ₹1.5. High ₹1.98 (10 Oct 2025), low ₹1.06 (30 Mar 2026).
Financials, as filed
Revenue fell 53.3% a year over 2 years, FY24 to FY26. Operating margin narrowed to -9.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹47 Cr | ₹0 Cr | ₹10 Cr |
| Operating profit | ₹0 Cr | ₹-0 Cr | ₹-1 Cr |
| Operating margin | 0.1% | — | -9.2% |
| Interest | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net margin | 0.3% | — | 2.8% |
| Cash from operations | ₹22 Cr | ₹0 Cr | ₹-0 Cr |
| Free cash flow | ₹22 Cr | ₹0 Cr | ₹-0 Cr |
| ROCE | 1.6% | 0.1% | 0.8% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹33 Cr | ₹34 Cr | ₹35 Cr | ₹25 Cr | ₹47 Cr | ₹25 Cr |
| Borrowings | ₹22 Cr | ₹24 Cr | ₹31 Cr | ₹6 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹21 Cr | ₹23 Cr | ₹14 Cr | ₹12 Cr | ₹28 Cr | ₹12 Cr |
| Total liabilities | ₹86 Cr | ₹92 Cr | ₹90 Cr | ₹63 Cr | ₹96 Cr | ₹57 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹21 Cr | ₹21 Cr | ₹21 Cr | ₹21 Cr | ₹0 Cr | ₹21 Cr |
| Other assets | ₹65 Cr | ₹70 Cr | ₹68 Cr | ₹41 Cr | ₹95 Cr | ₹36 Cr |
| Total assets | ₹86 Cr | ₹92 Cr | ₹90 Cr | ₹63 Cr | ₹96 Cr | ₹57 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 8% to 87,305.
- Promoters
- 33.8%
- Public
- 66.2%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 61.4% to 33.8% — −27.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 61.4%, Public 38.6%.Dec '23: Promoters 61.4%, Public 38.6%.Mar '24: Promoters 57.2%, Public 42.8%.Jun '24: Promoters 38.3%, Public 61.7%.Sep '24: Promoters 32.5%, Public 67.4%.Dec '24: Promoters 33.8%, Public 66.2%.Mar '25: Promoters 33.8%, Public 66.2%.Jun '25: Promoters 33.8%, Public 66.2%.Sep '25: Promoters 33.8%, Public 66.2%.Dec '25: Promoters 33.8%, Public 66.2%.Mar '26: Promoters 33.8%, Public 66.2%.Jun '26: Promoters 33.8%, Public 66.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kanani Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Harshil Premjibhai Kanani | 25.70% | unchanged |
| Premjibhai Devajibhai Kanani | 8.09% | unchanged |
| Shivaniba Mayursinh Chudasama | 1.07% | unchanged |
| Alpesh Vinubhai Kanani | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Kanani Industries Limited
Guides on how to read this kind of business and the numbers that matter.