Kanani Industries Share Price Target 2024, 2025 to 2030 – Market Overview and Performance: This article explores Kanani Industries Ltd’s Share Price Target for 2024-2030, analyzing its market performance, stock updates, financial position, shareholding patterns, and competitive landscape. Kanani Industries Ltd is a prominent player in the jewellery manufacturing sector, specializing in diamond-studded jewellery production and exports.
Overview of Kanani Industries Ltd
What is Kanani Industries Ltd?
Kanani Industries Ltd, headquartered in India, is a prominent jewellery manufacturing company specializing in the production and export of diamond-studded jewellery. Known for its commitment to craftsmanship and quality, the company caters to a global clientele, primarily focusing on international markets. With its subsidiary, Kil International Limited, Kanani Industries continues to expand its reach and strengthen its position in the jewellery industry.
Key Features of Kanani Industries Ltd
- Jewellery Expertise: Specializes in manufacturing diamond-studded jewellery for global markets.
- Market Presence: Trades actively on BSE and NSE, indicating a steady presence in the stock market.
- Subsidiary Support: Kil International Limited enhances the company’s operational capabilities and global reach.
- Financial Performance: Recent share price of ₹2.90 as of December 6, 2024, reflecting market activity and investor interest.
- Global Focus: Committed to meeting international standards, making it a trusted name in the jewellery export sector.
Information about Kanani Industries Ltd
| Information | Details |
|---|---|
| Website | kananiindustries.com |
| Headquarters | India |
| Founded | Premjibhai D. Kanani |
| Managing Director & CEO | Harshil P Kanani |
| Subsidiary | Kil International Limited |
| Market Cap | ₹ 57.4 Cr. |
| Number of Employees | 4 (2024) |
| BSE Symbol | 506184 |
| NSE Symbol | KANANIIND |
Current Market Overview of Kanani Industries Ltd Share
As of December 2024, Kanani Industries Ltd’s share has shown a mix of short-term stability and long-term challenges. It is up by +2.48% today, with no change over the past week. The share has gained +1.05% in the last month and has remained steady with a +1.05% return over the past three months. However, it has faced a decline of -27.04% over the past year and -30.95% over the past three years. Despite these setbacks, the share has delivered a notable return of +81.25% over the past five years, reflecting resilience in its long-term performance.
Kanani Industries Ltd Share Fundamental Data
- Market Cap: ₹57.4 Cr.
- Current Price: ₹2.90
- High / Low: ₹7.55 / ₹2.50
- Stock P/E: 221
- Book Value: ₹3.21
- Dividend Yield: 0.00%
- ROCE: 1.80%
- ROE: 0.98%
- Face Value: ₹1.00
Market Position of Kanani Industries Ltd Share as of December 2024
| Time Period | Returns of Kanani Industries Ltd Share |
|---|---|
| 1 Day | 2.48% |
| 1 Week | 0.00% |
| 1 Month | 1.05% |
| 3 Months | 1.05% |
| 1 Year | -27.04% |
| 3 Years | -30.95% |
| 5 Years | 81.25% |
Kanani Industries Ltd Share Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
Kanani Industries Ltd Share Target in 2024
In 2024, the share target for Kanani Industries Ltd is expected to range between ₹2.50 and ₹3.10, reflecting minor recovery and stabilization after a challenging year.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹2.50 | ₹3.10 |
Kanani Industries Ltd Share Target in 2025
For 2025, Kanani Industries’ share target is projected to range between ₹3.20 and ₹3.70, driven by gradual market recovery and operational improvements.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹3.20 | ₹3.70 |
Kanani Industries Ltd Share Target in 2026
In 2026, the share target for Kanani Industries is estimated to range between ₹3.80 and ₹4.50, reflecting improved investor sentiment and steady growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹3.80 | ₹4.50 |
Kanani Industries Ltd Share Target in 2027
By 2027, Kanani Industries’ share target is projected to range between ₹4.70 and ₹5.50, supported by increased market confidence and consistent performance.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹4.70 | ₹5.50 |
Kanani Industries Ltd Share Target in 2028
In 2028, the share target for Kanani Industries is expected to range between ₹5.60 and ₹6.40, reflecting positive investor sentiment and business growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹5.60 | ₹6.40 |
Kanani Industries Ltd Share Target in 2029
For 2029, Kanani Industries’ share target is projected to range between ₹6.70 and ₹7.60, driven by strengthened market presence and operational efficiency.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹6.70 | ₹7.60 |
Kanani Industries Ltd Share Target in 2030
By 2030, the share target for Kanani Industries is estimated to range between ₹7.80 and ₹9.00, supported by strategic growth initiatives and long-term market potential.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹7.80 | ₹9.00 |
Financial Health and Performance Analysis of Kanani Industries Ltd (FY 2020 – FY 2024)
Kanani Industries Financials: Revenue (FY 2020 – FY 2024)
| Year | Total Revenue (₹ Cr) | Total Revenue Growth (%) |
|---|---|---|
| FY 2024 | 223.75 | -17.32 |
| FY 2023 | 270.62 | -7.29 |
| FY 2022 | 291.89 | -6.59 |
| FY 2021 | 312.49 | -17.16 |
| FY 2020 | 377.22 | 9.61 |
Kanani Industries Financials: Assets (FY 2020 – FY 2024)
| Year | Total Assets (₹ Cr) | Total Assets Growth (%) |
|---|---|---|
| FY 2024 | 94.91 | -27.28 |
| FY 2023 | 130.51 | -7.44 |
| FY 2022 | 141.00 | 5.63 |
| FY 2021 | 133.48 | -13.80 |
| FY 2020 | 154.85 | 2.80 |
Kanani Industries Financials: Cash Flow (FY 2020 – FY 2024)
| Year | Net Cash Flow (₹ Cr) |
|---|---|
| FY 2024 | -6.90 |
| FY 2023 | 3.48 |
| FY 2022 | 0.42 |
| FY 2021 | -0.10 |
| FY 2020 | -5.93 |
Kanani Industries Financials: Key Ratios (FY 2020 – FY 2024)
| Year | Return on Equity (%) | Return on Capital Employed (%) | Return on Assets (%) |
|---|---|---|---|
| FY 2024 | 0.97 | 2.06 | 0.65 |
| FY 2023 | 3.46 | 4.44 | 1.66 |
| FY 2022 | 3.07 | 4.70 | 1.28 |
| FY 2021 | 0.77 | 2.87 | 0.32 |
| FY 2020 | 4.53 | 5.95 | 1.65 |
Analysis Summary
- Revenue Growth: Kanani Industries saw a decline in total revenue by 17.32% in FY 2024, continuing the negative trend from FY 2023. This reflects a challenging period for the company, impacting its sales performance.
- Asset Growth: Total assets dropped by 27.28% in FY 2024, further declining from the previous year’s decrease, highlighting the company’s struggles to maintain its asset base.
- Cash Flow: The company reported a negative cash flow of ₹6.90 Cr in FY 2024, worsening from the positive cash flow of ₹3.48 Cr in FY 2023. This indicates liquidity challenges and operational difficulties.
- Profitability Ratios:
- Return on Equity (ROE) decreased to 0.97% in FY 2024 from 3.46% in FY 2023, suggesting reduced profitability for shareholders.
- Return on Capital Employed (ROCE) also declined to 2.06%, reflecting a decrease in capital efficiency.
- Return on Assets (ROA) decreased to 0.65%, marking a decline in the company’s asset utilization.
How to Buy Kanani Industries Shares
- Choose a Broker: Select a reliable brokerage platform such as Zerodha, Upstox, Angel One, ICICI Direct, or HDFC Securities that offers access to Kanani Industries shares.
- Open a Trading Account: Open a Demat and trading account with your chosen broker using platforms like Kite (Zerodha), Upstox Pro, or Angel Broking app.
- Complete KYC: Submit the required documents for Know Your Customer (KYC) verification, including proof of identity, address, and PAN card.
- Deposit Funds: Transfer funds into your trading account to enable the purchase of shares.
- Search for the Company Shares: Locate Kanani Industries shares by searching its name or ticker symbol.
- Place an Order: Choose the number of shares you want to buy and place either a market or limit order based on your preference.
- Confirm Purchase: Review your order details carefully and confirm the transaction to finalize the purchase.
Kanani Industries Ltd Share Price Target for the Next 5 Years
Kanani Industries Ltd is projected to experience steady growth in the coming years, driven by a gradual market recovery, operational improvements, and positive investor sentiment. Below are the share price targets for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹2.50 | ₹3.10 |
| 2025 | ₹3.20 | ₹3.70 |
| 2026 | ₹3.80 | ₹4.50 |
| 2027 | ₹4.70 | ₹5.50 |
| 2028 | ₹5.60 | ₹6.40 |
Shareholding Pattern of Kanani Industries Ltd.
Promoters:
- No. of Shares: 6,44,06,954Percentage: 32.55%% Change QoQ: -5.74%
Others:
- No. of Shares: 13,34,61,046Percentage: 67.45%% Change QoQ: 5.74% Pros and Cons of Kanani Industries Ltd.
Pros:
- Strong presence of “Others” category investors, indicating diversified shareholding.Potential for growth driven by market recovery and investor sentiment.Positive support from external shareholders.
Cons:
- Decreasing promoter stake, which may impact control and long-term strategy.High reliance on “Others” for the company’s growth and stability.Potential volatility due to the fluctuation in shareholding patterns and promoter stake changes.
Peer Competitors of Kanani Industries Ltd. in the Diamond, Gems, and Jewellery Sector
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Titan Company | 3,496.00 | 310,370.08 |
| Kalyan Jewellers | 741.85 | 76,517.02 |
| P N Gadgil Jewellers | 760.50 | 10,320.63 |
| PC Jeweller | 174.00 | 9,328.10 |
| Senco Gold | 1,140.55 | 8,864.62 |
| Rajesh Exports | 236.25 | 6,975.56 |
| Sky Gold | 4,331.30 | 6,347.08 |
| Kanani Industries | 2.90 | 57.40 |
(FAQ)
1. What is Kanani Industries Ltd?
Kanani Industries Ltd is a company operating in the diamond, gems, and jewellery sector, specializing in diamond cutting and jewellery production. The company offers a wide range of high-quality products for both domestic and international markets.
2. Where is Kanani Industries Ltd located?
Kanani Industries Ltd is headquartered in India. It has a significant presence in the diamond and jewellery industry and operates both locally and internationally.
3. What is the share price of Kanani Industries Ltd?
As of the latest data, the share price of Kanani Industries Ltd is ₹2.90.
4. What is the market cap of Kanani Industries Ltd?
Kanani Industries Ltd has a market capitalization of ₹57.40 crore.
5. How can I invest in Kanani Industries Ltd?
You can invest in Kanani Industries Ltd by purchasing its shares through a brokerage account. Choose a trusted online platform, complete your KYC, deposit funds, and place an order for the shares.
6. What are the financial prospects for Kanani Industries Ltd?
Kanani Industries Ltd is expected to see moderate growth in the coming years. The share target for 2024 ranges from ₹2.50 to ₹3.10, indicating a recovery from previous challenges.
7. What are the key competitors of Kanani Industries Ltd?
Kanani Industries Ltd competes with companies like Titan Company, Kalyan Jewellers, P N Gadgil Jewellers, PC Jeweller, and others in the diamond, gems, and jewellery sector.
8. What are the key factors that influence the share price of Kanani Industries Ltd?
Factors such as the company’s operational performance, market conditions, demand for jewellery, and economic conditions can influence the share price of Kanani Industries Ltd.
9. How do I track the performance of Kanani Industries Ltd?
You can track the performance of Kanani Industries Ltd by checking its stock on financial platforms, reading quarterly reports, and keeping an eye on industry news related to the diamond and jewellery sector.
10. Does Kanani Industries Ltd pay dividends?
As of now, Kanani Industries Ltd does not pay dividends, according to the available financial data.
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