---
title: "Kanika Infrastructure & Power Ltd (532367) — Share Price, Financials & Analysis"
symbol: "532367"
company: "Kanika Infrastructure & Power Ltd"
canonical: "https://tapetide.com/stocks/532367"
isin: "INE173B01023"
bse_code: "532367"
generated_at: "2026-10-13T11:01:35.095Z"
---

# Kanika Infrastructure & Power Ltd (532367)

Canonical page: https://tapetide.com/stocks/532367

## Company

- **BSE Code:** 532367
- **ISIN:** INE173B01023
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** kanika.com

## About

Kanika Infrastructure & Power Ltd. is mainly engaged into Computer software and provides IT solutions and services to different enterprises.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.10 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -58.9% over past five years.
- Company has a low return on equity of -1.79% over last 3 years.
- Company has high debtors of 16,896 days.
- Working capital days have increased from 8,030 days to 12,074 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -43% | 13% | — |
| revenue growth | -12% | -34% | -59% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.69 | 0.11 | 0.12 | 0.11 | 0.15 | 0.09 | 0.1 | 0.09 | 0.1 | 0.09 | 0.09 | 0.1 |
| Expenses | 1.69 | 0.14 | 0.15 | 0.12 | 0.17 | 0.11 | 0.13 | 0.1 | 0.18 | 0.11 | 0.1 | 0.15 |
| Operating Profit | 0 | -0.03 | -0.03 | -0.01 | -0.02 | -0.02 | -0.03 | -0.01 | -0.08 | -0.02 | -0.01 | -0.05 |
| OPM % | 0 | -27.27 | -25 | -9.09 | -13.33 | -22.22 | -30 | -11.11 | -80 | -22.22 | -11.11 | -50 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -0.05 | -0.06 | -0.06 | -0.04 | -0.05 | -0.04 | -0.05 | -0.03 | -0.1 | -0.03 | -0.02 | -0.06 |
| Tax % | -60 | 0 | 0 | 0 | -40 | 0 | 0 | 0 | -20 | 0 | 0 | 0 |
| Net Profit | -0.02 | -0.06 | -0.06 | -0.04 | -0.03 | -0.03 | -0.05 | -0.03 | -0.09 | -0.03 | -0.02 | -0.06 |
| EPS in Rs | 0 | -0.01 | -0.01 | -0.01 | 0 | 0 | -0.01 | 0 | -0.01 | 0 | 0 | -0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 26.02 | 21.84 | 31.57 | 32.25 | 21.54 | 1.31 | 1.69 | 0.5 | 0.38 | 0.38 |
| Expenses | 25.6 | 21.52 | 31.24 | 31.89 | 21.19 | 1.39 | 1.79 | 0.68 | 0.52 | 0.54 |
| Operating Profit | 0.42 | 0.32 | 0.33 | 0.36 | 0.35 | -0.08 | -0.1 | -0.18 | -0.14 | -0.16 |
| OPM % | 1.61 | 1.47 | 1.05 | 1.12 | 1.62 | -6.11 | -5.92 | -36 | -36.84 | -42.11 |
| Other Income | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.3 | 0.3 | 0.28 | 0.31 | 0.31 | 0.31 | 0.19 | 0.12 | 0.07 | 0.05 |
| Profit before tax | 0.12 | 0.03 | 0.05 | 0.05 | 0.04 | -0.39 | -0.29 | -0.3 | -0.21 | -0.21 |
| Tax % | 33.33 | 33.33 | 40 | 20 | 50 | -5.13 | -10.34 | -6.67 | -9.52 | — |
| Net Profit | 0.08 | 0.02 | 0.03 | 0.03 | 0.03 | -0.36 | -0.26 | -0.27 | -0.2 | -0.2 |
| EPS in Rs | 0.01 | 0 | 0 | 0 | 0 | -0.05 | -0.04 | -0.04 | -0.03 | -0.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13.36 | 13.36 | 13.36 | 13.36 | 13.36 | 13.53 | 13.53 | 13.36 | 13.36 | 13.36 |
| Reserves | 0.62 | 0.84 | 0.86 | 0.89 | 0.92 | 0.78 | 0.42 | 0.33 | 0.06 | -0.13 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 3.12 | 2.84 | 2.2 | 1.51 | 7.58 | 4.96 | 5.61 | 4.9 | 5.14 | 5.1 |
| Total Liabilities | 17.1 | 17.04 | 16.42 | 15.76 | 21.86 | 19.27 | 19.56 | 18.59 | 18.56 | 18.33 |
| Fixed Assets | 0.83 | 0.83 | 0.75 | 0.8 | 0.81 | 0.82 | 0.51 | 0.32 | 0.2 | 0.13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.46 | 0.46 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| Other Assets | 15.81 | 15.75 | 15.22 | 14.51 | 20.6 | 18 | 18.6 | 17.82 | 17.91 | 17.75 |
| Total Assets | 17.1 | 17.04 | 16.42 | 15.76 | 21.86 | 19.27 | 19.56 | 18.59 | 18.56 | 18.33 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.52 | 0.49 | 0.04 | 0.48 | 0.25 | 0.24 | -0.04 | 0.02 | -0.03 | 0 |
| Cash from Investing Activity | -0.5 | -0.3 | -0.22 | -0.32 | -0.32 | -0.31 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.02 | 0.19 | -0.18 | 0.16 | -0.07 | -0.07 | -0.04 | 0.02 | -0.03 | 0 |
| Free Cash Flow | 0.02 | 0.19 | -0.18 | 0.16 | -0.07 | -0.07 | -0.04 | 0.02 | -0.03 | 0 |
| CFO/OP | 162 | 121 | 19 | 148 | 72 | 71 | 38 | -20 | 17 | 0 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 287.29 | 178.01 | 198.38 | 130.07 | 210.74 | 267.56 | 4622.4 | 3775.27 | 12906.4 | 16895.66 |
| Inventory Days | 17.99 | 7.75 | 9.05 | 20.95 | 5.18 | 1.39 | 24.13 | 17.91 | 0 | 0 |
| Days Payable | 57.1 | 31.3 | 24.25 | 14.95 | 83.62 | 81.67 | 1628.93 | 1023.34 | — | — |
| Cash Conversion Cycle | 248.18 | 154.46 | 183.18 | 136.07 | 132.3 | 187.28 | 3017.61 | 2769.84 | 12906.4 | 16895.66 |
| Working Capital Days | 320.7 | 178.01 | 216.93 | 147.06 | 144.98 | 218.93 | 3594.27 | 2766.66 | 9249.1 | 12073.82 |
| ROCE % | 1.22 | 0.85 | 0.21 | 0.35 | 0.35 | 0.28 | -2.76 | -2.1 | -2.21 | -1.58 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 |
| --- | --- | --- |
| Promoters | 4.24% | 4.24% |
| Public | 95.76% | 95.76% |
| No. of Shareholders | 12448 | 12230 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% |
| Public | 95.76% | 95.76% | 95.76% | 95.76% | 95.76% | 95.76% | 95.76% | 95.76% |
| No. of Shareholders | 12441 | 12446 | 12449 | 12448 | 12459 | 12459 | 12237 | 12230 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-23 | [Investor Presentation For The Third Quarter And Nine Months Ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88637d8e-3200-4292-b732-cbca14117fcb.pdf) |
| 2026-02-13 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2f14397-d5d3-4857-a3b8-4c933b9dd134.pdf) |
| 2026-02-13 | [Unaudited Financial Results (Standalone And Consolidated) For The Third Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5d00d9c-c2e7-46b2-86c0-138bd2a4e80e.pdf) |
| 2026-02-09 | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Third Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4931a4b5-1025-4e35-9011-61f631b23609.pdf) |
| 2026-01-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d5e7a25-9462-48db-9dc9-3e783703d533.pdf) |
| 2025-12-31 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6eb0722b-c713-48ba-9380-670310625bbd.pdf) |
| 2018-05-19 | [Board Meeting On Wednesday, 30Th May, 2018 At 2.30 P.M](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73e0124b-aedd-4612-9c11-095d1d64b327.pdf) |
| 2018-05-19 | [Board Meeting On Wednesday, 30Th May, 2018 At 2.30 P.M](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/73e0124b-aedd-4612-9c11-095d1d64b327.pdf) |
| 2018-05-10 | [Board Meeting On Wednesday, 30Th May, 2018 At 2.30 P.M](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b68114c5-cc33-4bce-a4af-3bc786c83438.pdf) |
| 2018-05-10 | [Board Meeting On Wednesday, 30Th May, 2018 At 2.30 P.M](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/b68114c5-cc33-4bce-a4af-3bc786c83438.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13d81893-6f2b-4909-9f8f-47b992d3ea44.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7633172f-f854-4d5f-a7d4-fb03b5b453e8.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6905cc45-544f-4067-8fbf-092aee67febc.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/543240/75832543240_20_09_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/543240/69491543240.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/532367/5323670317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532367/5323670316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532367/5323670315.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532367/5323670312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532367/5323670311.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88637d8e-3200-4292-b732-cbca14117fcb.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79085006-7086-4f03-a07b-5da30ccaca1a.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af26ded1-eb39-4309-9657-03b76a42fc46.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/369099e8-a975-4184-b5a4-feb651fa5aba.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/288618ef-05a4-43ee-b2d9-e702a986aa13.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac0f0e2b-3f4e-4689-9978-6f8cbf07210c.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c51d239e-7e72-4c4e-80d7-1ccd6a779141.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48746434-fd9c-4bfb-9851-733c1809cb8c.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c827a2f4-64aa-4809-b1e7-2147c68e1433.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55acf94d-d6d5-4143-9e6f-a78db8aeba1e.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-07-07 | Credit rating update — CRISIL |
| 2024-07-11 | Credit rating update — CRISIL |
| 2024-07-10 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:35.095Z.