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Carnation Inds.

  • Market Cap: Micro Cap
  • Industry: Castings/Forgings
  • ISIN: INE081B01028
  • NSEID:
  • BSEID: 530609
INR
50.58
2.4 (4.98%)
BSENSE

Dec 05

BSE+NSE Vol: 19

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendation52-Week High: Rs.50.58 hit today
stock-summaryPrice Point
High/Low

1Day

50.5850.58

52 Week

21.0750.58
Valuation
Technical
Day's Volume

CASH

19

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.

Carnation Industries' latest results can be viewed as a mixed bag. While the financial performance for the quarter ending December 2023 was flat, there are some positive signs worth noting. The company has seen an improvement in its overall score, which has risen from 2 to 3 over the last three months. This suggests a potential upward trend.<BR><BR>Notably, the operating profit (PBDIT) for the quarter reached its highest level in the last five quarters at Rs -0.03 crore, indicating a positive trend for the company's operating performance. Similarly, the profit after tax (PAT) also hit its highest in the same period, again at Rs -0.03 crore, which reflects an improvement in profitability.<BR><BR>Additionally, the earnings per share (EPS) for the quarter was the highest in the last five quarters at Rs -0.09, suggesting that the company is generating higher earnings for its shareholders.<BR><BR>In summary, while the overall financial performance may not have shown significant growth, the improvements in key financial indicators could signal potential for future growth, even though the market has issued a 'Sell' call.

Read More

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.

Answer:<BR>The historical performance of Carnation Inds. shows a significant decline in financial health over the years, particularly from 2018 to 2023.<BR><BR>Breakdown:<BR>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.

Read More

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.

As of 04-Dec, Carnation Industries Ltd's stock price is rising, currently at Rs. 48.18, which reflects a change of 2.29 (4.99%) upward. This increase can be attributed to several factors. Notably, the stock has achieved a new 52-week high today, indicating strong performance. It has outperformed its sector by 5.75% and has shown remarkable growth with a 62.72% return over the past week, despite the Sensex declining by 0.53% during the same period.<BR><BR>Additionally, the stock has been on a consecutive gain streak for the last two days, and it opened with a gain of 4.99% today, reaching an intraday high of Rs. 48.18. Furthermore, Carnation Industries Ltd is trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates a bullish trend.<BR><BR>However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 98.64% against the 5-day average. Despite this decline in participation, the overall performance metrics suggest that the stock is currently experiencing a positive upward trend.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

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
2

Flat results in Mar 25

3

Risky - Negative EBITDA

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Castings/Forgings

stock-summary
Market cap

INR 17 Cr (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

35

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.72

stock-summary
Return on Equity

149.79%

stock-summary
Price to Book

-6.91

Revenue and Profits:
Net Sales:
(Quarterly Results - Sep 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
0%
0%
0.0%
6 Months
0%
0%
0.0%
1 Year
0%
0%
0.0%
2 Years
409.88%
0%
409.88%
3 Years
495.06%
0%
495.06%
4 Years
1115.87%
0%
1115.87%
5 Years
887.89%
0%
887.89%

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

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Carnation Industries Hits New 52-Week High of Rs.48.18, Marking Significant Market Momentum

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.

Read More
Carnation Industries Hits Upper Circuit Amidst Unprecedented Buying Interest

Carnation Industries Hits Upper Circuit Amidst Unprecedented Buying Interest

Carnation Industries Ltd witnessed extraordinary buying momentum on 4 December 2025, hitting its upper circuit with only buy orders in the queue and no sellers present. This rare market phenomenon signals robust investor enthusiasm and raises the prospect of a sustained multi-day circuit scenario for the stock.

Read More

How has been the historical performance of Carnation Inds.?

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 turn...

Read More
Announcements stock-summary

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 stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

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

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-100.00%
EBIT Growth (5y)
14.51%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.72
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
-42.57%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
35
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
NA
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
Negative BV
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Bullish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
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%

stock-summaryFinancial
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Quarterly Results Snapshot (Standalone) - Sep'25 - YoYstock-summary
Sep'25
Sep'24
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.21
-0.06
-250.00%
Interest
0.05
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.26
-0.06
-333.33%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

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

Direction Arrows
Standalone Net Profit

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

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Sep'24
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.31
-0.12
-158.33%
Interest
0.05
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.35
2.19
-115.98%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

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

Direction Arrows
Standalone Net Profit

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

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
0.00
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
0.00
Standalone Net Profit
1.92
-0.34
664.71%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

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

Direction Arrows
Standalone Net Profit

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

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Standalone) - Mar'23stock-summary
Mar'23
Mar'22
Change(%)
Net Sales
0.00
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%
0.00%
NA
Values in Rs Cr.
stock-summary Compare with Peers
Net Sales

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

Direction Arrows
Standalone Net Profit

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

All Annual Resultsstock-summary
stock-summaryCompany CV
About Carnation Industries Ltd stock-summary
stock-summary
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 stock-summary
Company Details
28/1 Jheel Road Liluah, P O Salkia Howrah West Bengal : 711106
stock-summary
Tel: 91-33-26454785
stock-summary
http://www.carnationindustries.com
stock-summary
info@carnationindustries.com
Registrar Details
R&D Infotech Pvt Ltd, 7 A Beltala Road, Kolkata
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