Kanel Industries
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Kanel Industries Ltd's board approved a rights issue to raise up to ₹17 crore, to be offered to eligible shareholders on a record date to be decided later. The terms of the issue, including the price and entitlement ratio, will be finalised by the board or a rights issue committee. The company also appointed Ms Pooja Khakhi as an independent director, replacing Ms Jasmin Doshi, who resigned citing other preoccupations and a change in management control.
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Kanel Industries Ltd's board approved a rights issue to raise up to ₹17 crore, to be offered to eligible shareholders on a record date to be decided later. The terms of the issue, including the price and entitlement ratio, will be finalised by the board or a rights issue committee. The company also appointed Ms Pooja Khakhi as an independent director, replacing Ms Jasmin Doshi, who resigned citing other preoccupations and a change in management control.
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July 30 (Reuters) - Kanel Industries Ltd KAIN.BO:
KANEL INDUSTRIES - TO RAISE UP TO 170 MILLION RUPEES VIA RIGHTS ISSUE
Source text: ID:nBSE2yGzsp
Further company coverage: KAIN.BO
(([email protected];))
July 30 (Reuters) - Kanel Industries Ltd KAIN.BO:
KANEL INDUSTRIES - TO RAISE UP TO 170 MILLION RUPEES VIA RIGHTS ISSUE
Source text: ID:nBSE2yGzsp
Further company coverage: KAIN.BO
(([email protected];))
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What does Kanel Industries do?
Kanel Oil & Export Inds. Ltd processes castor seeds to produce castor oil and de-oiled cakes.
Who are the competitors of Kanel Industries?
Kanel Industries major competitors are JK Agri Genetics, Rukmani Devi Garg, Sheel Biotech, Rajputana Biodiesel, Mangalam Seeds, Indo US Bio-Tech, Shree Oswal Seeds. Market Cap of Kanel Industries is ₹138 Crs. While the median market cap of its peers are ₹136 Crs.
Is Kanel Industries financially stable compared to its competitors?
Kanel Industries seems to be less financially stable compared to its competitors. Altman Z score of Kanel Industries is 0 and is ranked 8 out of its 8 competitors.
Does Kanel Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Kanel Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Kanel Industries allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Kanel Industries balance sheet?
Kanel Industries balance sheet is weak and might have solvency issues
Is the profitablity of Kanel Industries improving?
The profit is oscillating. The profit of Kanel Industries is -₹0.06 Crs for Mar 2025, -₹0.27 Crs for Mar 2024 and -₹0.18 Crs for Mar 2023
Is the debt of Kanel Industries increasing or decreasing?
The net debt of Kanel Industries is decreasing. Latest net debt of Kanel Industries is ₹0.14 Crs as of Mar-26. This is less than Mar-25 when it was ₹0.31 Crs.
Is Kanel Industries stock expensive?
There is insufficient historical data to gauge this. Latest PE of Kanel Industries is 0
Has the share price of Kanel Industries grown faster than its competition?
Kanel Industries has given better returns compared to its competitors. Kanel Industries has grown at ~733.33% over the last 1yrs while peers have grown at a median rate of -26.76%
Is the promoter bullish about Kanel Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Kanel Industries is 95.0% and last quarter promoter holding is 95.0%.
Are mutual funds buying/selling Kanel Industries?
There is Insufficient data to gauge this.