Carnation Industries Ltd () Stock Analysis | Price, Returns, Financials & Key Metrics

52-Week High: Rs.50.58 hit today

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

19 (43.94%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

89.98%

Are Carnation Inds. latest results good or bad?

23-Oct-2025

Carnation Industries' latest results are mixed; while the overall performance was flat, key indicators like operating profit and earnings per share reached their highest levels in five quarters, suggesting potential for future growth despite a current 'Sell' call from the market.

Should I buy, sell or hold Carnation Inds.?

23-Oct-2025

How has been the historical performance of Carnation Inds.?

23-Oct-2025

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.

Which are the latest news on Carnation Inds.?

04-Dec-2025

Carnation Industries Hits New 52-Week High of Rs.48.18, Marking Significant Market Momentum
Carnation Industries Hits Upper Circuit Amidst Unprecedented Buying Interest

Why is Carnation Inds. falling/rising?

04-Dec-2025

As of 04-Dec, Carnation Industries Ltd's stock price is rising to Rs. 48.18, reflecting a 4.99% increase and achieving a new 52-week high. Despite a significant drop in investor participation, the stock shows strong performance metrics and a bullish trend.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

Poor long term growth as Net Sales has grown by an annual rate of -100.00% and Operating profit at 0% over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at 0 times

Flat results in Mar 25

Risky - Negative EBITDA

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Castings/Forgings

Market cap

INR 17 Cr (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.72

Return on Equity

149.79%

Price to Book

-6.91

Revenue and Profits:

Net Sales:

(Quarterly Results - Sep 2025)

Net Profit:

0 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

0.0%

6 Months

0.0%

1 Year

0.0%

2 Years

409.88%

3 Years

495.06%

4 Years

1115.87%

5 Years

887.89%

Latest dividend: 0.4000 per share ex-dividend date: Sep-14-2017

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Carnation Industries Hits New 52-Week High at Rs. 50.58

Carnation Industries has reached a significant milestone by touching a new 52-week high of Rs. 50.58, marking a notable moment in the stock’s recent performance and reflecting strong momentum over the past several days.

Carnation Industries Hits Upper Circuit Amidst Unprecedented Buying Interest

Carnation Industries has surged to a new 52-week high today, hitting the upper circuit with an extraordinary buying momentum and no sellers in sight. The stock’s remarkable performance over the past week, coupled with sustained demand, suggests the possibility of a multi-day circuit scenario, capturing the attention of market participants.

Carnation Industries Hits New 52-Week High of Rs.48.18, Marking Significant Market Momentum

Carnation Industries reached a fresh 52-week high of Rs.48.18 today, reflecting a notable surge in its market performance and sustained momentum over recent sessions.

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015.

13-Nov-2025 | Source : BSE

Disclosure under Regulation 30 of the SEBI (LODR) Regulations 2015.

Board Meeting Intimation for Meeting To Be Held On Friday October 17 2025.

14-Oct-2025 | Source : BSE

Carnation Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2025 inter alia to consider and approve i. take on record the Unaudited Financial Results along with Limited Review Report thereon for the quarter and half year ended September 30 2025; ii. any other item(s) with the permission of the Chair.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

08-Oct-2025 | Source : BSE

Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018 for the quarter ended September 30 2025.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

Carnation Industries Ltd has declared 4% dividend, ex-date: 14 Sep 17

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-100.00%

EBIT Growth (5y)

14.51%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-0.72

Sales to Capital Employed (avg)

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

-42.57%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

-6.91

EV to EBIT

-18.39

EV to EBITDA

-18.39

EV to Capital Employed

-18.39

EV to Sales

PEG Ratio

Dividend Yield

ROCE (Latest)

Negative Capital Employed

ROE (Latest)

Negative BV

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

Bearish

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bullish

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Vikas Garg (89.98%)

Highest Public shareholder

Sajal Kumar Kundu (1.28%)

Individual Investors Holdings

8.37%

Financial

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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "val2": "-0.06",
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          "chgp_class": "negative"
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        {
          "field": "Interest",
          "val1": "0.05",
          "val2": "0.00",
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          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Standalone Net Profit",
          "val1": "-0.26",
          "val2": "-0.06",
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        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "0.00%",
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  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
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        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 0.00% vs 0.00% in Sep 2024",
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        "suffix": " Growth in half year ended Sep 2025 is -115.98% vs 806.45% in Sep 2024",
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      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
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          "field": "Net Sales",
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "chgp": "-158.33%",
          "chgp_class": "negative"
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        {
          "field": "Interest",
          "val1": "0.05",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Standalone Net Profit",
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          "chgp_class": "negative"
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          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
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  },
  {
    "link": "nine-monthly",
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 0.00% vs 0.00% in Dec 2023",
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        "Dec'24",
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          "val2": "-0.20",
          "chgp": "-70.00%",
          "chgp_class": "negative"
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          "field": "Interest",
          "val1": "0.00",
          "val2": "0.11",
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          "val1": "0.00",
          "val2": "0.00",
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          "field": "Operating Profit Margin (Excl OI)",
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          "chgp_class": "neutral"
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        "dir": -1
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        "Mar'23",
        "Mar'22",
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Quarterly Results Snapshot (Standalone) - Sep'25 - YoY

Sep'25

Sep'24

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.21

-0.06

-250.00%

Interest

0.05

0.00

Exceptional Items

0.00

Standalone Net Profit

-0.26

-0.06

-333.33%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in quarter ended Sep 2025 is 0.00% vs 0.00% in Sep 2024

Standalone Net Profit

YoY Growth in quarter ended Sep 2025 is -333.33% vs 45.45% in Sep 2024

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.31

-0.12

-158.33%

Interest

0.05

0.00

Exceptional Items

0.00

Standalone Net Profit

-0.35

2.19

-115.98%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

Growth in half year ended Sep 2025 is 0.00% vs 0.00% in Sep 2024

Standalone Net Profit

Growth in half year ended Sep 2025 is -115.98% vs 806.45% in Sep 2024

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.34

-0.20

-70.00%

Interest

0.00

0.11

-100.00%

Exceptional Items

0.00

Standalone Net Profit

1.92

-0.34

664.71%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in nine months ended Dec 2024 is 0.00% vs 0.00% in Dec 2023

Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is 664.71% vs 46.03% in Dec 2023

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'23

Mar'23

Mar'22

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.51

-1.56

67.31%

Interest

0.23

0.29

-20.69%

Exceptional Items

-0.31

0.00

Standalone Net Profit

-1.22

-0.76

-60.53%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2023 is 0.00% vs 0.00% in Mar 2022

Standalone Net Profit

YoY Growth in year ended Mar 2023 is -60.53% vs 90.21% in Mar 2022

All Annual Results

Company CV

About Carnation Industries Ltd

Carnation Industries Ltd

Micro Cap

Castings/Forgings

Initiated in 1982, as Carnation Enterprise Pvt. Ltd, the Company has come to be known as Carnation Industries Limited in 1994. The Company initially started off as a merchant exporter firm and made a gradual shift into manufacturing by the mid-eighties and today has three Grey Iron foundries and one Ductile Iron unit in West Bengal.

Company Coordinates

Company Details

28/1 Jheel Road Liluah, P O Salkia Howrah West Bengal : 711106

Tel: 91-33-26454785

http://www.carnationindustries.com

info@carnationindustries.com

Registrar Details

R&D Infotech Pvt Ltd, 7 A Beltala Road, Kolkata

Carnation Inds.

1Day

52 Week

CASH

FII

DII

Promoter

Are Carnation Inds. latest results good or bad?

Watch in Real-Time

Should I buy, sell or hold Carnation Inds.?

How has been the historical performance of Carnation Inds.?

Which are the latest news on Carnation Inds.?

Why is Carnation Inds. falling/rising?

MarketsMojo — Loved in India, Now Global

Dashboard

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

Flat results in Mar 25

Risky - Negative EBITDA

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

Carnation Industries Hits New 52-Week High at Rs. 50.58

Carnation Industries Hits Upper Circuit Amidst Unprecedented Buying Interest

Carnation Industries Hits New 52-Week High of Rs.48.18, Marking Significant Market Momentum

Announcements

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015.

Board Meeting Intimation for Meeting To Be Held On Friday October 17 2025.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Sep'25 - YoY

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Dec'24

Annual Results Snapshot (Standalone) - Mar'23

About Carnation Industries Ltd

Company Coordinates