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Kanani Industries Limited (506184) fair value: what the stock is really worth

We calculate from audited financials what Kanani Industries Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

Fair value above price? No
Good quality? Yes
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Consumer Cyclical · IN · ISIN INE879E01037

KI Thin data Sep 14, 2026

Kanani Industries Limited

506184 · BSE

Weak valuationQuality is weak on top of the rich price.

!Fair value ₹1.28 · Overvalued (−14%)

!Quality 50/100

!Weak Growth (revenue 5y −14.9 %/yr)

!Thin margins · 0.7% net margin (TTM)

✓Low debt

!Narrow moat 19/100

!Evidence only low, so the estimate is less certain

26 models, one by oneBear ₹1.22 to bull ₹1.28 Growth analysisrevenue history, year by year Quality 50/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 14, 2026.

How to read this chart

60‑month range ₹1.07 – ₹20.70 · fair‑value band ₹1.22 – ₹1.28 · the ₹1.49 price screens above the ₹1.28 fair value. Dashed = 300-day average. As of Sep 14, 2026.

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Company profile

Kanani Industries Limited engages in the manufacture and retail of diamond studded jewelry in India. The company offers its jewelry to wholesalers, jewelry manufacturers, traders, and retailers. It also exports its products. The company was formerly known as IMP Finance Limited and changed its name to Kanani Industries Limited in October 2007.

Stock analysis

Kanani Industries Limited (506184) currently trades at ₹1.49, while our model-based Fair Value estimate is ₹1.28, implying the stock looks roughly 16.4% overvalued today.

Valuation

Bull case: the Asset-Based group reads highest at a median of ₹1.54 per share, and 4 of the 21 models we run sit above the ₹1.49 price.

Bear case: the Earnings-Based group reads lowest at ₹0.1900, and 17 of the 21 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹1.22 (bear) to ₹1.28 (bull), the price of ₹1.49 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Kanani Industries Limited reported revenue of ₹1.7B in FY2025 versus ₹3.1B in FY2021, a compound −14.2%/yr. Reported net income was ₹7.8M in FY2025, compounding +15.4%/yr from FY2021.

Key figures

Market cap ₹419M (≈ $4.4M) · P/E ratio 15.1 · P/S ratio 0.07 · EPS (TTM) ₹0.2560 · Net margin 0.5% · Return on assets (EBIT) 1.0% · Operating margin 0.9% · Revenue (TTM) ₹3.6B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 33% below its 52-week high and 42% above its 52-week low.

For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at −14%, 506184 screens richer than that median.

Fair Value models

Bear ₹1.22 Fair Value ₹1.28 Bull ₹1.28

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹0.2560 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.

Highest evidence

FCF DCF ₹1.77 ₹2.26 ₹3.09 81

Growth DCF ₹1.82 ₹2.29 ₹3.02 79

5Y EBITDA Exit ₹0.9100 ₹0.9900 ₹1.10 76

All 21 models by family

DCF Models

FCF DCF ₹1.77 ₹2.26 ₹3.09 81

5Y Revenue Exit ₹0.9100 ₹0.9900 ₹1.11 74

5Y EBITDA Exit ₹0.9100 ₹0.9900 ₹1.10 76

5Y P/E Exit ₹1.08 ₹1.29 ₹1.54 72

10Y Revenue Exit ₹1.28 ₹1.37 ₹1.45 68

10Y EBITDA Exit ₹1.28 ₹1.37 ₹1.45 69

10Y P/E Exit ₹1.38 ₹1.54 ₹1.68 65

Earnings-Based

Graham-Dodd ₹0.1900 ₹0.2300 ₹0.2600 67

EPV ₹0.1900 ₹0.1900 ₹0.2000 74

Multiples

P/E Multiple ₹0.4600 ₹0.6100 ₹0.7600 63

P/S Multiple ₹0.3500 ₹0.4700 ₹0.5900 58

P/B Multiple ₹0.3500 ₹0.4700 ₹0.5900 55

EV/EBIT ₹0.2900 ₹0.3300 ₹0.3800 66

EV/EBITDA ₹0.2500 ₹0.2800 ₹0.3100 67

EV/Revenue ₹0.2400 ₹0.2800 ₹0.3200 54

Asset-Based

NCAV (Graham) ₹1.15 ₹1.54 ₹2.30 54

Growth DCF

Growth DCF ₹1.82 ₹2.29 ₹3.02 79

Rev-Margin DCF ₹0.9100 ₹1.03 ₹1.22 74

Economic Profit

Residual Income ₹1.49 ₹1.35 ₹0.9200 76

ROIC Compounder ₹0.1900 ₹0.1900 ₹0.2000 72

Growth Earnings

Growth-Adj P/E ₹0.3200 ₹0.4600 ₹0.6000 67

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Quality Score breakdown

Overall quality 50/100

Of which business quality 53 · Market factors (momentum, volatility) 40

Profitability 32

Margins and returns on capital today

Quality Growth 24

Are margins and returns improving?

Cashflow 75

Earnings quality: real cash, not paper profit

Fin. Strength 60

Balance sheet, leverage, solvency risk

Investment 95

Disciplined investing over empire-building

Low Volatility 67

Calm price path (market factor)

Momentum 33

Price trend over the last 3–12 months (market factor)

52W Momentum 22

Distance to the 52-week high (market factor)

Net Issuance 40

Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 40/100

Revenue is shrinking: the last year, the last three and the last five years are all negative.

Revenue growth 1 year

−24.4%

Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

−16.6%

Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

−14.9%

Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

−6.1%

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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.

−29.1%

Earnings growth per share plus dividend.

Earnings per share, growth per year−29.1%

Dividend (yield on the price)0.0%

Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 0%

⚠ Revenue per share shrinking 18.7%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

506184 screens 16% overvalued. Compare with Hermès International Société en commandite par actions →

Compare Kanani Industries Limited with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Luxury Goods · 130 stocks

Beats the industry median on 3/11 measures

Overall it trails its industry peers.

Valuation

Quality Score 50 · Below median

Fair Value upside −71% · Bottom 25%

Profitability

Return on assets 0% · Bottom 25%

Net margin (TTM) 1% · Bottom 25%

Operating margin (TTM) 1% · Bottom 25%

Growth and dividend

Revenue growth −18% · Bottom 25%

Balance sheet

Debt / equity 0.00× · Below median

Valuation Multiplesvs Luxury Goods median · lower = cheaper

P/E (TTM) 15.1× · Pricier than median

P/B 0.65× · Cheapest 25%

P/S (TTM) 0.12× · Cheapest 25%

EV/EBITDA 11.3× · Pricier than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value
Hermès International Société en commandite par actions RMS	€1,400	€1,539	+10%
Compagnie Financière Richemont SA CFR	CHF 175.00	CHF 120.46	−31%
Christian Dior SE DIO	€378.40	€1,095	+189%
Titan Company TITAN	₹5,005	₹1,329	−73%
Kering SA KER	€238.60	€58.17	−76%
Tapestry, Inc TPR	$118.49	$19.95	−83%
Chow Tai Fook Jewellery Group 1929	HK$11.67	HK$11.51	−1%
The Swatch Group UHRN	CHF 35.25	CHF 8.20	−77%
Prada S.p.A 1913	HK$38.50	HK$59.78	+55%
Pandora A/S PNDORA	kr 797.80	kr 1,424	+78%

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Kanani Industries Limited · Fair Value
₹1.28 −16%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/506184" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Kanani Industries Limited · Fair Value</span><br><b style="font-size:20px">₹1.28</b> <span style="color:#e0816f;font-weight:700;font-size:14px">−16%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Kanani Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/506184

Frequently asked questions

Is Kanani Industries Limited (506184) overvalued or undervalued?

As of Sep 14, 2026, our model estimates a fair value of ₹1.28 versus a price of ₹1.49, about −14% upside (overvalued).

What is the fair value of 506184?

Our model-based fair value for Kanani Industries Limited is ₹1.28 (as of Sep 14, 2026), built from audited fundamentals. The current price: ₹1.49.

What is the quality score of 506184?

Kanani Industries Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.

What is the price target for Kanani Industries Limited (506184)?

Our model-based price target is the fair value of ₹1.28 (as of Sep 14, 2026) from 21 valuation models. Cautious scenario ₹1.22, optimistic scenario ₹1.28. It is a calculation from audited fundamentals, not an analyst target.

What is the Kanani Industries Limited stock forecast for 2026?

Our models put fair value at ₹1.28, about −14% upside versus a price of ₹1.49 (overvalued). Cautious scenario ₹1.22, optimistic scenario ₹1.28. The calculation is refreshed regularly with new filings.

What is the revenue of Kanani Industries Limited (506184)?

Kanani Industries Limited reported trailing-twelve-month revenue of about ₹3.6B (latest available figure, as of Sep 14, 2026).

What is the intrinsic value of Kanani Industries Limited (506184)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kanani Industries Limited it is ₹1.28 per share (as of Sep 14, 2026), against a price of ₹1.49. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).

Is Kanani Industries Limited stock overvalued or undervalued in 2026?

As of Sep 14, 2026, 506184 trades above its calculated fair value: price ₹1.49, fair value ₹1.28, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.

Is fair value the same as the market price of 506184?

No. The price is what the market pays today (₹1.49); the fair value is what the company's own numbers justify (₹1.28). For Kanani Industries Limited the two are ₹0.2100 per share apart. That gap is exactly why we show both numbers side by side.

How much is Kanani Industries Limited worth?

The market values Kanani Industries Limited at about ₹419M (market capitalisation, as of Sep 14, 2026). Per share that is ₹1.49; our models calculate a fair value of ₹1.28 per share.

What do the bullish and bearish scenarios say about 506184?

Our models span a range for Kanani Industries Limited: cautious scenario ₹1.22, base ₹1.28, optimistic ₹1.28 per share (as of Sep 14, 2026, price ₹1.49). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the P/E ratio of 506184?

Kanani Industries Limited trades at a price-to-earnings ratio of 15.1 (as of Sep 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.28 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.1, EV/EBITDA 11.3.

How solid is the balance sheet of Kanani Industries Limited (506184)?

Balance-sheet figures for Kanani Industries Limited (as of Sep 14, 2026): debt of 0.00 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.

How far is 506184 from its 52-week high?

Kanani Industries Limited trades at ₹1.49, about 33% below its 52-week high of ₹2.23 and 42% above the low of ₹1.05 (as of Sep 14, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.28 is for.

Which stocks are comparable to Kanani Industries Limited?

From the same area (Consumer Cyclical) we also value Hermès International Société en commandite par actions, Compagnie Financière Richemont SA, Christian Dior SE, Titan Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.

Is Kanani Industries Limited stock attractive at the current price?

The data as of Sep 14, 2026: price ₹1.49, calculated fair value ₹1.28 (−14%), Quality Score 50/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

How is the fair value of 506184 calculated?

We run Kanani Industries Limited through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1.28, with the spread shown as a cautious and an optimistic scenario.

Is it still worth investing in stocks now?

The global stock market currently sits 15.8 % above its aggregate fair value. Kanani Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.

What should I pay attention to with Kanani Industries Limited right now?

The price sits above even our optimistic bull case (₹1.28). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (₹1.22 to ₹1.28), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Kanani Industries Limited

How large is the market capitalisation of Kanani Industries Limited (506184)?

The market capitalisation of Kanani Industries Limited is ₹419M (≈ $4.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.

What is the P/S ratio of Kanani Industries Limited (506184)?

The price-to-sales ratio of Kanani Industries Limited is 0.07 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.

What are the earnings per share of Kanani Industries Limited (506184)?

Earnings per share at Kanani Industries Limited are ₹0.2560 (price ÷ EPS = P/E 15.1). Earnings per share over the last twelve months: total profit spread across every single share.

What is the net margin of Kanani Industries Limited (506184)?

The net margin of Kanani Industries Limited is 0.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.

What is the EBIT return on assets of Kanani Industries Limited (506184)?

On an EBIT basis the return on assets of Kanani Industries Limited is 1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.

What is the operating margin of Kanani Industries Limited (506184)?

The operating margin of Kanani Industries Limited is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Kanani Industries Limited (506184)?

Revenue at Kanani Industries Limited is growing −18.1% versus a year earlier (3y avg −16.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.

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