Carnation Inds.

  • Market Cap: Micro Cap
  • Industry: Castings/Forgings
  • ISIN: INE081B01028
  • NSEID:
  • BSEID: 530609
INR
85.05
4.05 (5.0%)
BSENSE

Feb 09

BSE+NSE Vol: 12.53 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

12.53 k (119.49%) Volume

Shareholding (Dec 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.

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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.

View full answer

When is the next results date for Carnation Industries Ltd?

21-Jan-2026

The next results date for Carnation Industries Ltd is January 27, 2026.

The next results date for Carnation Industries Ltd is scheduled for January 27, 2026.

View full answer

Should I buy, sell or hold Carnation Industries Ltd?

27-Jan-2026

Why is Carnation Industries Ltd falling/rising?

09-Feb-2026

As of 09-Feb, Carnation Industries Ltd's stock price has risen to Rs 85.05, reflecting a 5.0% increase. This growth is driven by strong performance compared to the Sensex, high volatility, and increased investor participation.

As of 09-Feb, Carnation Industries Ltd is experiencing a rise in its stock price, currently at Rs 85.05, which reflects an increase of Rs 4.05 or 5.0%. This upward movement can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 3.32% compared to the Sensex's 2.94%. In the last month, the stock has surged by 31.82%, significantly outpacing the Sensex's modest increase of 0.59%. Year-to-date, the stock has risen by 38.41%, while the Sensex has declined by 1.36%.<BR><BR>Additionally, the stock is close to its 52-week high, being only 1.62% away from Rs 86.43. Despite opening with a loss of 5% today, it reached an intraday high of Rs 85.05, indicating strong buying interest. The stock has shown high volatility today, with an intraday range of Rs 8.1, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 149.9% against the 5-day average. Overall, these factors contribute to the stock's rising price.

View full answer
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 % 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 28 Cr (Micro Cap)

stock-summary
P/E

21.00

stock-summary
Industry P/E

37

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.72

stock-summary
Return on Equity

-58.92%

stock-summary
Price to Book

-11.62

Revenue and Profits:
Net Sales:
(Quarterly Results - Dec 2025)
Net Profit:
-1 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
924.7%
0%
924.7%
3 Years
2064.12%
0%
2064.12%
4 Years
1252.15%
0%
1252.15%
5 Years
1584.16%
0%
1584.16%

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 Gains 8.48%: Key Milestones and Market Dynamics This Week

Announcements stock-summary

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

31-Jan-2026 | Source : BSE

Intimation for the Resignation of the Company Secretary & Compliance officer of the Company.

Announcement under Regulation 30 (LODR)-Newspaper Publication

28-Jan-2026 | Source : BSE

Newspaper advertisement of Unaudited Financial Results of the Company for Quarter and nine months ended December 31 2025.

Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday January 27 2026

27-Jan-2026 | Source : BSE

Outcome of Board Meeting held on Tuesday January 27 2026.

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)
0.00%
EBIT Growth (5y)
0.00%
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
21
Industry P/E
37
Price to Book Value
-12.20
EV to EBIT
-31.13
EV to EBITDA
-31.13
EV to Capital Employed
-31.13
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
Bullish
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 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

7.63%

stock-summaryFinancial
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Quarterly Results Snapshot (Standalone) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.21
-0.22
4.55%
Interest
0.31
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.54
-0.27
-100.00%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

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

Direction Arrows
Standalone Net Profit

YoY Growth in quarter ended Dec 2025 is -100.00% vs -800.00% in Dec 2024

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.
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

Nine Monthly Results Snapshot (Standalone) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.52
-0.34
-52.94%
Interest
0.36
0.00
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.89
1.92
-146.35%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

YoY Growth in nine months ended Dec 2025 is 0.00% vs 0.00% in Dec 2024

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2025 is -146.35% vs 664.71% in Dec 2024

Annual Results Snapshot (Standalone) - Mar'25stock-summary

Mar'25
Mar'23
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.84
-0.51
-64.71%
Interest
0.00
0.23
-100.00%
Exceptional Items
0.00
-0.31
100.00%
Standalone Net Profit
1.42
-1.22
216.39%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

YoY Growth in year ended Mar 2025 is 0.00% vs 0.00% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 216.39% vs -60.53% in Mar 2023

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
info@carnationindustries.com
Registrar Details
R&D Infotech Pvt Ltd, 7 A Beltala Road, Kolkata