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Kanani Industries Ltd. Stock Analysis

Small Cap
Evaluated by 135 users | BSE: 506184 | NSE: KANANIIND |
Diamond & Jewellery
Kanani Industries Limited (KIL) was initially incorporated on March 22, 1983 with the Registrar of Companies Maharashtra, Mumbai, as a public limited company under the name of “Shivlaxmi Mercantile Company Limited” (later changed to IMP Finance Limited). KIL was acquired by...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 21.8%23.78%2.59%0.59%2.02%1.09%0.64%-0.65%0.37%1.71%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 86.815214077.670.669.584.978.779.283.1
Y-o-Y Gr. Rt.-74.7%-7.5%-44.7%-9.1%-1.6%22.2%-7.3%0.7%4.9%
Adjusted EPS (Rs.) 0.761.620.06-0.070.0300.01-0.12-0.060.06
Y-o-Y Gr. Rt.-113.2%-96.3%-216.7%NA-100%NA-1300%NANA
Book Value per Share (Rs.) 2.394.024.044.064.074.094.124.164.24.26
Adjusted Net Profit 7.6160.6-0.70.300.1-1.2-0.60.6
Net Op. Cash Flow (Rs. Cr.) -8.5-25.720.329-4.97.16.4-8.3-6.3-0.9
Debt to Cash Flow from Ops -2.86-1.932.370.51-5.223.533-2.74-4.6-33.6
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kanani Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -0.5%3.3%-0.7%4.9%
Adjusted EPS -24.6%14.9%81.7%NA
Book Value per Share 6.60.91.11.4
Share Price -20.3% -13.4% -31.4% 1.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 37.0750.481.39-1.720.790.080.29-2.91-1.421.34
Operating Profit Margin (%) 9.910.92.40.892.571.560.64-0.710.462.29
Net Profit Margin (%) 8.6910.550.39-0.890.450.050.14-1.51-0.740.67
Debt to Equity 1.031.251.20.370.640.620.470.550.70.73
Working Capital Days 186159224327237210180204230251
Cash Conversion Cycle 119140179215170169111127164172
Entity Percentage Holding
Promoters 74.83%
Non-Institutions 25.17%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Kanani Industries's performance infers:

Kanani Industries earnings have grown by 14.9%, whereas share price has depreciated -13.4% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kanani Industries share prices over the last 10 years. Here is what we found out:

Kanani Industries share price has depreciated -25.7% annually over the past ten years.

Kanani Industries Limited (KIL) was initially incorporated on March 22, 1983 with the Registrar of Companies Maharashtra, Mumbai, as a public limited company under the name of “Shivlaxmi Mercantile Company Limited” (later changed to IMP Finance Limited).

KIL was acquired by Premjibhai D. Kanani and Vinubhai L. Kanani on  April 9, 2007 vide change in management and control in shareholding of the company under the name IMP Finance Limited,

Kanani Industries Limited (KIL) was initially incorporated on March 22, 1983 with the Registrar of Companies Maharashtra, Mumbai, as a public limited company under the name of “Shivlaxmi Mercantile Company Limited” (later changed to IMP Finance Limited).

KIL was acquired by Premjibhai D. Kanani and Vinubhai L. Kanani on  April 9, 2007 vide change in management and control in shareholding of the company under the name IMP Finance Limited, which was subsequently changed to “Kanani Industries Limited” on October 19, 2007 vide certificate of change of Name issued by the registrar of companies Maharashtra Mumbai.Further the company had acquired land at SEZ, Sachin, Surat (Gujarat), and build up its own four story factory,

Business Profile

The company is engaged in diamonds studded jewellery business having sophisticated hyper technical unit.Kanani’s has evolved around the elegance of the diamond, mastercraftmanship and the most exacting standards. Every Kanani creation undergoes intricate finishing, attention to details and relentless quality confirmation that gives it that unmistakable aura of confidence and pristine beauty.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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