---
title: "Kanel Industries Ltd (KANELOIL) — Share Price, Financials & Analysis"
symbol: "KANELOIL"
company: "Kanel Industries Ltd"
canonical: "https://tapetide.com/stocks/KANELOIL"
bse_code: "500236"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T11:01:48.381Z"
---

# Kanel Industries Ltd (KANELOIL)

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

## Company

- **BSE Code:** 500236
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kanel.in

## About

Incorporated in 1992, Kanel Industries Ltd is primarily engaged in bulk trading of castor seed oil, cottonseed oil, groundnut oil, sunflower oil, palmolein oil and soybean oil.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 7.50 times its book value
- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -164% | -62% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0 | 0 | 0.25 | 0 | 0 | 0.01 | 0.04 | 0.07 | 0.32 | 0.09 | -0.21 | 0.06 |
| Operating Profit | 0 | 0 | -0.25 | 0 | 0 | -0.01 | -0.04 | -0.07 | -0.32 | -0.09 | 0.21 | -0.06 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0.03 | 0 | -0.13 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0.05 | 0 | 0.05 | 0.02 |
| Profit before tax | -0.01 | 0 | -0.26 | 0 | 0 | -0.01 | -0.04 | -0.07 | -0.34 | -0.09 | 0.03 | -0.08 |
| Tax % | 0 | — | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.01 | 0 | -0.25 | -0.01 | -0.01 | -0.02 | -0.04 | -0.07 | -0.34 | -0.09 | 0.02 | -0.09 |
| EPS in Rs | -0.01 | 0 | -0.14 | -0.01 | -0.01 | -0.01 | -0.03 | -0.04 | -0.22 | -0.06 | 0.01 | -0.06 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 61.72 | 41.9 | 0.04 | 0.08 | 0.05 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 61.77 | 42.23 | 0.19 | 0.19 | 0.17 | 0.15 | 0.25 | 0.06 | 0.27 | 0.26 |
| Operating Profit | -0.05 | -0.33 | -0.15 | -0.11 | -0.12 | -0.15 | -0.25 | -0.06 | -0.27 | -0.26 |
| OPM % | -0.08 | -0.79 | -375 | -137.5 | -240 | — | — | — | — | — |
| Other Income | 0.04 | 0.02 | 0.01 | 0 | 0.16 | 0 | 0 | 0.01 | -0.1 | -0.1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.08 | 0.08 | 0.07 | 0.06 | 0.02 | 0.02 | 0.02 | 0.01 | 0.11 | 0.12 |
| Profit before tax | -0.09 | -0.39 | -0.21 | -0.17 | 0.02 | -0.17 | -0.27 | -0.06 | -0.48 | -0.48 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.09 | -0.39 | -0.21 | -0.17 | 0.02 | -0.18 | -0.27 | -0.06 | -0.48 | -0.5 |
| EPS in Rs | -0.05 | -0.21 | -0.11 | -0.09 | 0.01 | -0.1 | -0.15 | -0.04 | -0.3 | -0.33 |
| 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 18.41 | 18.41 | 18.41 | 18.41 | 18.41 | 18.41 | 18.41 | 18.41 | 15.75 | 15.75 |
| Reserves | -24.48 | -24.57 | -24.96 | -25.17 | -25.35 | -25.33 | -25.51 | -25.78 | 0.16 | -0.32 |
| Borrowings | 8.24 | 8.45 | 9.38 | 9.56 | 9.63 | 10.67 | 10.61 | 10.67 | 0.35 | 0.16 |
| Other Liabilities | 7.26 | 3.57 | 14.67 | 10.48 | 9.3 | 1.75 | 1.79 | 1.97 | 0.1 | 0.11 |
| Total Liabilities | 9.43 | 5.86 | 17.5 | 13.28 | 11.99 | 5.5 | 5.3 | 5.27 | 16.36 | 15.7 |
| Fixed Assets | 0.94 | 0.87 | 0.79 | 0.72 | 0.62 | 0.6 | 0.57 | 0.55 | 16.32 | 15.45 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 8.49 | 4.99 | 16.71 | 12.56 | 11.37 | 4.9 | 4.73 | 4.72 | 0.04 | 0.25 |
| Total Assets | 9.43 | 5.86 | 17.5 | 13.28 | 11.99 | 5.5 | 5.3 | 5.27 | 16.36 | 15.7 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.05 | -0.2 | -0.78 | -0.34 | -0.1 | -0.72 | -0.14 | -0.06 | -0.43 | -0.29 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0.1 | 0.64 |
| Cash from Financing Activity | 0.16 | 0.2 | 0.94 | 0.17 | 0.07 | 0.91 | -0.06 | 0.06 | 0.35 | -0.36 |
| Net Cash Flow | -0.9 | 0 | 0.16 | -0.17 | 0 | 0.2 | -0.2 | 0 | 0.02 | -0.01 |
| Free Cash Flow | -1.05 | -0.2 | -0.78 | -0.34 | -0.07 | -0.72 | -0.14 | -0.06 | -0.32 | 0.35 |
| CFO/OP | 69 | 400 | 236 | 227 | 91 | 600 | 93 | 24 | 717 | 107 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 27.15 | 8.16 | 29.18 | 22630 | 11315 | 0 | — | — | — | — |
| Inventory Days | 1.16 | 1.31 | 1.05 | 912.5 | 156.43 | 0 | — | — | — | — |
| Days Payable | 32.36 | 9.69 | 118.21 | 85410 | 42444.29 | — | — | — | — | — |
| Cash Conversion Cycle | -4.05 | -0.22 | -87.98 | -61867.5 | -30972.86 | 0 | — | — | — | — |
| Working Capital Days | -34.05 | -39.62 | -50.7 | -29838.75 | -15284.38 | -7592 | — | — | — | — |
| ROCE % | -55.52 | -4.04 | -15.23 | -7.46 | -5.83 | 0.62 | -4.68 | -7.93 | -0.61 | -2.2 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 21.44% | 21.44% | 21.44% | 21.44% | 21.44% | 21.44% | 0.7% | 0.07% | 0.07% | 0.07% | 95% | 95% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.09% | 0% | 0% | 0% | 0% | 0% |
| Public | 78.56% | 78.56% | 78.56% | 78.56% | 78.56% | 78.56% | 99.2% | 99.93% | 99.92% | 99.92% | 5% | 4.99% |
| No. of Shareholders | 25849 | 25763 | 25754 | 25755 | 25719 | 25670 | 33476 | 32146 | 30949 | 30949 | 1155 | 1111 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 95% | 95% |
| Public | 99.93% | 99.93% | 99.92% | 99.91% | 99.93% | 99.92% | 99.92% | 99.92% | 99.92% | 99.93% | 5% | 4.99% |
| No. of Shareholders | 31671 | 31457 | 30949 | 31200 | 31074 | 30948 | 30949 | 30948 | 30846 | 30844 | 1155 | 1111 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 75.2 | Sell |
| EMA (10) | 75.02 | Sell |
| SMA (20) | 75.08 | Sell |
| EMA (20) | 75.41 | Sell |
| SMA (50) | 74.7 | Sell |
| EMA (50) | 68.81 | Buy |
| SMA (100) | 47.05 | Buy |
| EMA (100) | 53.39 | Buy |
| SMA (200) | 24.26 | Buy |
| EMA (200) | 35.25 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.31 | Neutral |
| MACD (12,26,9) | 0.26 | Sell |
| Stochastic (14,3,3) | 46.61 | Neutral |
| ADX (14) | 23.8 | Neutral |
| Williams %R (14) | -62.4 | Neutral |
| ATR (14) | 4.9 | High Volatility |
| ROC (12) | -3.32 | Sell |
| Stoch RSI (14) | 9.79 | Buy |
| UO (7,14,28) | 54.41 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-05 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=275390c8-0f49-43ec-a1a0-67771210c062.pdf) |
| 2026-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3ea0569-6a21-491b-9657-797fc85feed7.pdf) |
| 2026-09-30 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a319c2a-320f-4476-a4a6-3c28f3117b53.pdf) |
| 2026-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52b3c177-1b41-441d-9939-dd280950522c.pdf) |
| 2026-09-22 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=180141b4-96d6-4520-8a82-81c46680835e.pdf) |
| 2026-08-31 | [34Th Annual General Meeting Of Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a955d007-b727-4ca6-84e0-022d966a65c6.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2c0f099-6a50-4404-9ce9-7fa3b3106a6f.pdf) |
| 2026-08-31 | [Intimation Of Book Closure For 34Th AGM Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e88a133-a013-4bd9-a795-7271b8c8bf8c.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6dbae4f-b644-431c-914d-e3b7aa13c345.pdf) |
| 2026-08-12 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7210478b-83a1-4818-899b-26cc8445d0d0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2c0f099-6a50-4404-9ce9-7fa3b3106a6f.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0beaff33-f02d-4908-9128-c1ebffb7c56e.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c483e0c9-ac4c-42f5-af26-8194d51bfa89.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cff2a2b-0b6f-464a-8b76-f9166bcd5f28.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/500236/76432500236.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/500236/72425500236.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/500236/67977500236.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/500236/5002360319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/500236/5002360318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/500236/5002360317.pdf) |

---

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 2026-10-13T11:01:48.381Z.