KANANI INDUSTRIES LTD

Trades and processes diamonds from its registered office inside the Bharat Diamond Bourse complex at Bandra Kurla Complex, Mumbai. The business is treated as a single reportable segment and operates through a standalone Indian entity together with a 100% wholly-owned foreign subsidiary, KIL International Limited, which is the part that actually moves the numbers. On a consolidated basis in FY26, revenue from operations was Rs. 17,379.35 lakhs and net profit was Rs. 257.59 lakhs, with the subsidiary alone contributing Rs. 16,358.89 lakhs of revenue and Rs. 228.27 lakhs of net profit. The Indian parent is a thin operation: standalone revenue from operations for nine months of FY26 was Rs. 1,020.46 lakhs, and standalone net profit for FY26 was Rs. 29.32 lakhs. The company has essentially no debt (debt-to-equity of 0.0069) and reported material cost, employee cost and other opex lines only on a standalone basis, where employees accounted for 0.5% of revenue and other operating expenses for 0.7%.