How has been the historical performance of Carnation Inds.?

Oct 23 2025 10:40 PM IST
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Carnation Inds. has experienced a significant decline in financial health from 2018 to 2023, with total assets dropping from Rs 69.44 crore to Rs 1.34 crore and negative shareholder's funds of Rs -2.41 crore. The company has faced ongoing operational challenges, reflected in negative cash flow and a profit before tax of Rs -1.00 crore in March 2023.
Answer:
The historical performance of Carnation Inds. shows a significant decline in financial health over the years, particularly from 2018 to 2023.

Breakdown:
Carnation Inds. has experienced a downward trend in its financial metrics over the past several years. The company's total assets decreased from Rs 69.44 crore in March 2018 to Rs 1.34 crore in March 2023. Shareholder's funds also fell sharply, moving from Rs 11.88 crore in March 2018 to Rs -2.41 crore in March 2023, indicating increasing financial distress. Total liabilities have similarly decreased from Rs 56.44 crore in March 2019 to Rs 1.34 crore in March 2023, with a notable reduction in trade payables and current liabilities. The company's cash flow from operating activities has been negative since March 2022, with a profit before tax of Rs -1.00 crore in March 2023, reflecting ongoing operational challenges. The book value per share has turned negative, dropping from Rs 34.38 in March 2018 to Rs -6.98 in March 2023, highlighting the deteriorating value for shareholders. Overall, the financial data suggests that Carnation Inds. has faced significant operational and financial difficulties in recent years.
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