Kanel Industries Limited - agriculture in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L43299GJ1992PLC017024 Incorporated 29 January 1992 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 500236 Public Limited Company agriculture MSME · Micro
Market Cap
₹155 Cr
KANELIND · BSE
Share Price
₹51.53
-47.50% today
EBITDA
−₹0.40 Cr
FY 2025-26
Net Profit
−₹0.35 Cr
FY 2025-26 · -600.0% YoY
Debt / Equity
1.31
Interest cover 0.0x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹15.75 Cr
Issued & subscribed
Open charges
₹69.94 Cr
Satisfied ₹85.55 Cr

About Kanel Industries Limited

Data last updated:

Kanel Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 29 January 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L43299GJ1992PLC017024. The company has 1 GST registration on record, which is no longer active. It is a listed company as per MCA records. Its shares are listed on BSE: 500236.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.75 Cr. It was formerly known as Kanel Oil and Export Industries Limited. It is led by directors including Bhavin Arvindbhai Mehta and Jasmin Jaykumar Doshi.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1503 Westport, Sindhu Bhavan Road Nr. S P Ring Road Ahmedabad, Gujarat, India – 380059.

The net worth stands at ₹15.43 Cr (down 3% YoY). Total assets are valued at ₹15.59 Cr (down 4.1% YoY).

As per MCA filings, the company has open charges of ₹69.94 Cr and satisfied charges of ₹85.55 Cr on record. Court records list 18 cases involving the company, including 10 filed by the company and 9 filed against it; 3 cases are pending. The company has 24 deals on record (24 market trades); the latest was in March 2024. Its 4 peer companies in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Diligence Fintech Private Limited with revenue of ₹51,351. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 28 overdue payments to 2 micro and small suppliers.

Kanel Industries Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0056162). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kanel.in.

Company details

CIN L43299GJ1992PLC017024
Registration Number 017024
Incorporation Date 29 January 1992
ROC Ahmedabad
Listing Status Listed - Listed on BSE (500236)
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0056162

CIN history

Kanel Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L43299GJ1992PLC017024, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L43299GJ1992PLC017024Current
L15140GJ1992PLC017024Previous
U15140GJ1992PLC017024Previous

Recognitions & Rankings of Kanel Industries

MSME (Udyam registered) Ministry of MSME
Category
Micro (2022-23)
Udyam number
UDYAM-GJ-01-0056162

Contact details

Kanel Industries Limited's registered office is in Ahmedabad, Gujarat.

  • Registered Address
    1503 Westport, Sindhu Bhavan Road Nr. S P Ring Road Ahmedabad, Gujarat, India – 380059
  • Industry
    Agriculture, Agro Retail & Distribution
Comprehensive company report
Kanel Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Financials of Kanel Industries Limited

FY 2025-26 filings available

Kanel Industries Limited reported revenue of ₹- for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹0.00 Cr
EBITDA
−₹0.40 Cr
-700.0% YoY
Profit After Tax
−₹0.35 Cr
-600.0% YoY
Net Worth
₹15.43 Cr
-3.0% YoY
Total Assets
₹15.59 Cr
-4.1% YoY
Total Debt
₹0.16 Cr
-54.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.000.000.000.000.050.080.04
Revenue growth----100.0%-37.5%+100.0%-
EBITDA(0.40)(0.05)(0.26)(0.17)(0.13)(0.12)(0.15)
EBITDA margin-----260.0%-150.0%-375.0%
Profit before tax(0.48)(0.05)(0.28)(0.19)0.01(0.17)(0.21)
Net profit(0.35)(0.05)(0.28)(0.19)0.01(0.16)(0.21)
Net profit margin----+20.0%-200.0%-525.0%
EPS (₹)(0.30)(0.04)(0.15)(0.10)0.01(0.09)(0.11)
Balance sheet
Total assets15.5916.263.303.523.752.692.80
Net worth15.4315.91(7.37)(7.10)(6.92)(6.94)(6.76)
Total debt0.160.3510.6710.6110.679.639.56
Cash & bank0.020.030.010.010.210.010.01
Net working capital(0.03)(0.07)2.752.940.25(0.99)(1.00)
Cash flow
Cash from operations(0.29)(0.43)(0.06)(0.14)(0.72)(0.10)(0.34)
Cash from investing0.640.110.000.000.000.030.00
Cash from financing(0.36)0.350.06(0.06)0.910.070.17
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.000.000.000.000.000.000.00
Other income0.000.000.000.030.000.010.000.00
Total expenses0.06(0.08)0.090.310.080.040.010.00
EBITDA(0.06)0.08(0.09)(0.31)(0.08)(0.04)(0.01)0.00
Depreciation0.020.050.000.050.000.010.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax(0.08)0.03(0.09)(0.33)(0.08)(0.04)(0.01)0.00
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 15 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.000.000.000.000.000.000.00
Other income0.000.000.000.030.000.010.000.00
Total expenses0.06(0.08)0.090.310.080.040.010.00
EBITDA(0.06)0.08(0.09)(0.31)(0.08)(0.04)(0.01)0.00
Depreciation0.020.050.000.050.000.010.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax(0.08)0.03(0.09)(0.33)(0.08)(0.04)(0.01)0.00
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.000.000.000.000.050.080.04
Revenue growth----100.0%-37.5%+100.0%-
Other income0.030.010.000.000.160.010.01
Total expenses0.400.050.260.170.180.200.19
Employee cost0.050.000.000.020.010.020.01
EBITDA(0.40)(0.05)(0.26)(0.17)(0.13)(0.12)(0.15)
EBITDA margin-----260.0%-150.0%-375.0%
Depreciation0.110.010.020.020.020.060.07
Interest0.000.000.000.000.000.000.00
Profit before tax(0.48)(0.05)(0.28)(0.19)0.01(0.17)(0.21)
Tax0.000.000.000.000.000.000.00
Net profit(0.35)(0.05)(0.28)(0.19)0.01(0.16)(0.21)
Net profit margin----+20.0%-200.0%-525.0%
EPS (₹)(0.30)(0.04)(0.15)(0.10)0.01(0.09)(0.11)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.7515.7518.4118.4118.4118.4118.41
Reserves & surplus(0.32)0.16(25.78)(25.51)(25.33)(25.35)(25.17)
Shareholders' funds (net worth)15.4315.91(7.37)(7.10)(6.92)(6.94)(6.76)
Secured loans0.160.353.630.493.923.993.40
Unsecured loans0.000.007.0410.126.755.646.16
Total debt0.160.3510.6710.6110.679.639.56
Total liabilities15.5916.263.303.523.752.692.80
Assets
Gross block15.5616.332.742.742.745.175.17
Net block15.4416.320.550.570.600.630.72
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories0.000.000.000.000.000.030.10
Sundry debtors0.000.002.912.910.002.482.48
Cash & bank balances0.020.030.010.010.210.010.01
Loans & advances0.060.001.801.801.805.796.90
Total current assets0.080.034.724.722.018.319.49
Total current liabilities0.110.101.971.781.769.3010.49
Net working capital(0.03)(0.07)2.752.940.25(0.99)(1.00)
Total assets15.5916.263.303.523.752.692.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.030.010.010.210.010.010.18
Net cash from operating activities(0.29)(0.43)(0.06)(0.14)(0.72)(0.10)(0.34)
Net cash from investing activities0.640.110.000.000.000.030.00
Net cash from financing activities(0.36)0.350.06(0.06)0.910.070.17
Net change in cash(0.01)0.030.00(0.20)0.200.00(0.17)
Closing cash0.020.030.010.010.210.010.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth----100.0%-37.5%+100.0%-
EBITDA growth-700.0%+80.8%-52.9%-30.8%-8.3%+20.0%-
PBT growth-860.0%+82.1%-47.4%-+9998.0%+19.1%+47.5%
Net income growth-600.0%+82.1%-47.4%-2000.0%+106.3%+23.8%-
Revenue CAGR (3Y)--100.0%-100.0%-100.0%-89.4%-89.1%-91.5%
EBITDA CAGR (3Y)+33.0%-27.3%+29.4%+4.3%-27.4%+26.0%-53.9%
Profitability & leverage
Net income margin----+20.0%-212.5%-525.0%
Return on capital employed0.0%0.0%0.0%0.0%+0.1%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%+0.1%0.0%0.0%
Debt / equity1.310.000.000.000.000.000.00
Long-term debt / equity1.310.000.000.000.000.000.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover0.000.000.000.000.010.020.01
Inventory turnover0.000.000.000.003.331.230.36
Debtors turnover0.000.000.000.000.040.030.01
EPS (₹)(0.30)(0.04)(0.15)(0.10)0.01(0.09)(0.11)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.240.01(4.00)(3.85)(3.76)(3.77)(3.67)

To see the full year-wise statements and ratios of Kanel Industries Limited, buy the company report.

Board of directors and KMP of Kanel Industries Limited

Kanel Industries Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Bhavin Arvindbhai MehtaDirector23 Jan 20251 Years 9 MonthsCurrent
Jasmin Jaykumar DoshiDirector23 Jan 20251 Years 9 MonthsCurrent
Keyoor Madhusudan BakshiCfo23 Jan 20251 Years 9 MonthsCurrent
Harshit Maulinbhai KachchhiDirector25 Oct 20242 Years 0 MonthsCurrent

Peer comparison

Kanel Industries Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Diligence Fintech Private Limited₹51,351 (FY 2024)-94.0%Mumbai, Maharashtra, India
Shimita Trading Private Limited₹51,000 (FY 2025)28.0%Mumbai, Maharashtra, India
Atom Internet Private Limited₹50,721 (FY 2025)29561.0%Bangalore, Karnataka, India
Pure Earth Farms (OPC) Private Limited₹50,455 (FY 2025)-70.0%Mumbai, Maharashtra, India

To see the full peer comparison of Kanel Industries Limited, buy the company report.

Charges & borrowings

Open charges
₹69.94 Cr
Satisfied charges
₹85.55 Cr
Breakdown by lending institutions
Dena Bank₹69.75 Cr
Anz Grindlays Bank₹0.19 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Mar 199880026393Dena Bank₹65.75 CrOpen
23 Dec 199790098745Dena Bank₹2 CrOpen
01 Aug 199790100550Dena Bank₹2 CrOpen
10 Oct 199690098487Anz Grindlays Bank₹18.7 LakhOpen
30 Dec 200610037921Kotak Mahindra Bank Ltd.₹2 CrSatisfied

To see the full charge records of Kanel Industries Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Kanel Industries Limited has 24 deals on record (24 market trades); the latest was in March 2024.

Total deals
24
Market trades
24

Deals on record (5 of 24)

WhenDealAmountParties
Mar 2024Market trade₹3 LakhBuyer: an individual
Seller: N L Rungta (Huf), an individual
Dec 2021Market trade₹8.9 LakhBuyer: Alpha Leon Enterprises LLP
May 2012Market trade₹11 LakhBuyer: Khyati Retail and Eatery Private Limited
Seller: T J R Sons Limited
Apr 2012Market trade₹15 LakhBuyer: Khyati Realities Limited , Khyati Multimedia-Entertainment Limited
Seller: T J R Sons Limited
Apr 2012Market trade₹5.2 LakhSeller: T J R Sons Limited

To see the full deal history of Kanel Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Kanel Industries Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 28 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (2 of 2)

SupplierAmount dueDue sinceReported on
Sun Retail Limited
Manilal Pack Plast Private Limited

To see the full MSME payment records of Kanel Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Kanel Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Kanel Industries Limited, buy the company report.

Recent activity

Kanel Industries Limited has 21 board changes on record since 2008: 4 appointments and 17 cessations. The latest: Bhavin Arvindbhai Mehta ceased to be Additional Director on 29 Sep 2025.

Filing
Kanel Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Kanel Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Bhavin Arvindbhai Mehta ceased to be Additional Director.
Ceased
Jasmin Jaykumar Doshi ceased to be Additional Director.
Appointed
Bhavin Arvindbhai Mehta was appointed as Director.
Appointed
Jasmin Jaykumar Doshi was appointed as Director.
Ceased
Kamini Keyoor Bakshi ceased to be Director.
Appointed
Keyoor Madhusudan Bakshi was appointed as CFO.
Ceased
Keyoor Madhusudan Bakshi ceased to be Director.
Appointed
Harshit Maulinbhai Kachchhi was appointed as Director.
Ceased
Vikram Ishvarbhai Desai ceased to be Additional Director.
Charges
A charge registered on 23 Jan 1998 via Charge ID 90098769 with Asset Reconstruction Company (India) Limited was fully satisfied on 18 Mar 2021.

38 earlier events are in the company report.

Frequently asked questions

Kanel Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 29 January 1992 (34+ years old) and is registered under CIN L43299GJ1992PLC017024. Listed on BSE: 500236.

Kanel Industries has 4 current directors and KMP:

The latest financial statements of Kanel Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

No. Kanel Industries has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Kanel Industries is L43299GJ1992PLC017024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Kanel Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 500236).

Kanel Industries has 18 court cases on record: 10 filed by the company and 9 filed against it. 3 are pending. Most are in the high courts.

Kanel Industries was incorporated on 29 January 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Kanel Industries has 24 deals on record (24 market trades); the latest was in March 2024.

The peers of Kanel Industries by revenue are Diligence Fintech Private Limited, Shimita Trading Private Limited, Atom Internet Private Limited, Pure Earth Farms (OPC) Private Limited, all in the Agriculture industry (Agro Retail and Distribution, Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).

Bhavin Arvindbhai Mehta ceased to be Additional Director on 29 Sep 2025. Jasmin Jaykumar Doshi ceased to be Additional Director on 29 Sep 2025. Bhavin Arvindbhai Mehta was appointed as Director on 23 Jan 2025. Kanel Industries has 21 board changes on record in total.

Yes, Kanel Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0056162).