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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Kanani Industries's annualized net income for the quarter that ended in Jun. 2026 was ₹-2 Mil. Kanani Industries's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹694 Mil. Therefore, Kanani Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was -0.22%.
The historical rank and industry rank for Kanani Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:KANANIIND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.78 Med: 2.39 Max: 4.7
Current: 3.36
During the past 13 years, Kanani Industries's highest Return-on-Tangible-Equity was 4.70%. The lowest was 0.78%. And the median was 2.39%.
NSE:KANANIIND's Return-on-Tangible-Equity is ranked worse than 66.54% of 1058
companies
in the Retail - Cyclical industry
Industry Median: 8.58
vs NSE:KANANIIND: 3.36
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Kanani Industries Return-on-Tangible-Equity Related Terms
Kanani Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kanani Industries's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:KANANIIND vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Kanani Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kanani Industries Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kanani Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kanani Industries's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -0.22% mean?
Kanani Industries (NSE:KANANIIND) has a Return-on-Tangible-Equity of -0.22% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kanani Industries and its competitors. Over the past decade, Kanani Industries' Return-on-Tangible-Equity has ranged from 0.78 to 4.70. According to the industry distribution chart, Kanani Industries ranks #704 out of 1058 companies in the Retail - Cyclical industry, placing it in the top 66.5%.
Is Kanani Industries' Return-on-Tangible-Equity too high?
Kanani Industries' current Return-on-Tangible-Equity is -0.22%. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 4.70. Based on the distribution chart, Kanani Industries ranks #704 out of 1058 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Kanani Industries has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kanani Industries' Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Kanani Industries ranks #704 out of 1058 companies for Return-on-Tangible-Equity. This places Kanani Industries in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.58. Historically, Kanani Industries' own Return-on-Tangible-Equity has ranged from 0.78 to 4.70 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.58, based on 1,058 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kanani Industries and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanani Industries's current Return-on-Tangible-Equity is -0.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanani Industries stock overvalued right now?
Based on GuruFocus' analysis, Kanani Industries (NSE:KANANIIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1.93, compared to a current price of ₹1.53 — trading 20.7% below its estimated fair value. The current Return-on-Tangible-Equity is -0.22%. Kanani Industries' overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Kanani Industries (NSE:KANANIIND), the current Return-on-Tangible-Equity is -0.22% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kanani Industries (NSE:KANANIIND) Overvalued in 2026?
Based on GuruFocus' analysis, Kanani Industries stock appears to be undervalued.
The current stock price of ₹1.53 is trading 20.7% below its estimated GF Value™ of ₹1.93.
GuruFocus considers Kanani Industries to be Modestly Undervalued.
Key valuation signals for NSE:KANANIIND:
Return-on-Tangible-Equity: -0.22%
GF Value™: ₹1.93 vs. price of ₹1.53 (20.7% below fair value)
No single metric tells the full story. See the NSE:KANANIIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanani Industries Ltd is engaged in the manufacture and export of diamond-studded jewelry. The company operates a manufacturing plant in Surat, Gujarat, and supplies products to domestic and international markets. Kanani Industries focuses on creating high-quality, intricately crafted jewelry pieces and has a subsidiary, KIL International Ltd, to support its operations. The company aims to maintain an integrated value chain from manufacturing to retail, emphasizing craftsmanship and customer satisfaction. Revenue is generated through sales of diamond-studded jewelry products.
68GF Score
Get the complete analysis for NSE:KANANIIND
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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