BSE: 531608
GORANI INDUSTRIES LTD.
Manufactures and sells kitchen ware products under a single operating segment. In FY26 the business generated revenue from operations of ₹37.15 crore, net profit of ₹0.6309 crore, and an EBITDA margin of 6.6075%. The cost structure is dominated by raw materials at 69.6% of revenue, with employee costs at 13.1% and depreciation at 1.1%. For FY26, profit before tax fell to ₹94.47 lakhs from ₹119.40 lakhs, and operating cash flow turned negative at ₹(89.35) lakhs, driven by a ₹668.70 lakhs increase in trade receivables partly offset by a ₹349.20 lakhs reduction in inventories. The business is small in scale and listed on BSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Kitchen Ware. Small, single-segment houseware (kitchen ware) manufacturer
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 29 | 42 | 42 | 43 | 37 |
| EBITDA (ex other income) | 3 | 3 | 3 | 2 | 2 |
| margin % | 10.2 | 6.3 | 6.7 | 5.7 | 5.4 |
| Owners' profit | 2 | 1 | 1 | 1 | 1 |
| EPS, as reported (₹) | 3.41 | 2.79 | 2.53 | 1.60 | 1.18 |
| ROE % · ROCE % | 17.2 · 24.8 | 13.3 · 22.5 | 10.9 · 21.1 | 6.5 · 16.5 | 4.5 · 14.3 |
| Debt / equity (x) | 0.78 | 1.02 | 0.82 | 0.83 | 0.97 |
| Cash from operations | (5) | (1) | (0) | 0 | (1) |
| Capex | (1) | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 13 | 7 | 12 | 9 | 9 | 8 | 5 |
| Profit before tax | (1) | 1 | 0 | 0 | 0 | 0 | 0 | (0) |
| Net profit | (0) | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| EPS (₹) | (0.75) | 0.77 | 0.63 | 0.47 | 0.32 | 0.31 | 0.07 | (0.42) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CELLO WORLD LIMITED | 8,331 | 26.9 | 3.08 | 15.9 | 12.3 | 16.1 | — | 22.2 |
| HAWKINS COOKERS LTD | 4,161 | 31.7 | 9.35 | — | 29.5 | 37.2 | — | 15.8 |
| BOROSIL LIMITED | 3,225 | 46.0 | 3.64 | 17.3 | 8.4 | 9.9 | 15.4 | 16.2 |
| ALL TIME PLASTICS LIMITED | 1,154 | 31.9 | 1.88 | 12.4 | 5.8 | 6.9 | — | 16.7 |
| Maruti Interior Products Limit | 226 | 3.8 | — | — | — | 21.6 | — | — |
| Inflame Appliances Limited | 164 | 70.8 | — | — | — | 10.0 | — | — |
| GOTHI PLASCON (INDIA) LTD. | 40 | 17.3 | 3.64 | — | 16.6 | 16.4 | — | 63.6 |
| Riddhi Display Equipments Limi | 25 | 4.5 | — | — | — | 14.3 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 140.9 | 31.7 | 9 of 9 | 0% |
| P/B | 1.5 | 3.4 | 1 of 6 | 100% |
| ROCE | 6.6 | 14.3 | 9 of 9 | 0% |
| ROE | 4.5 | 10.3 | 6 of 6 | 0% |
| Debt / Equity | 1.0 | 0.1 | 6 of 6 | 0% |
| EBITDA margin | (0.8) | 16.4 | 6 of 6 | 0% |
| Revenue growth | (55.6) | 9.0 | 7 of 7 | 0% |
| Profit growth | (189.1) | (7.8) | 6 of 6 | 0% |
| Market cap | 21 | 226 | 9 of 9 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Sept 2026 · Trading window closure from Oct 1, 2026 | compliance | minimal | — | — |
| 25 Sept 2026 · Scrutinizer's Report on 31st AGM voting results filed with BSE | compliance | minimal | — | — |
| 25 Sept 2026 · Gorani Industries AGM 2026 voting results: both resolutions approved | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Gorani Industries 31st AGM held on 25 Sept 2026 via video conferencing | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · AGM Notice Published: 31st AGM on 29 Sep 2026, Book Closure from 25 Sep | compliance | minimal | — | — |
| 3 Sept 2026 · Gorani Industries sets 31st AGM for 25 September 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Annual Report FY 2025-26 and AGM notice filed with BSE | investor communications | medium | — | — |
| 25 Aug 2026 · Newspaper notice for 31st AGM via video conferencing | compliance | minimal | — | — |
| 25 Aug 2026 · AGM scheduled for September 25, 2026 at 12:30 PM | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Book Closure from Sep 19 to Sep 25, 2026 for AGM | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.