5
Carnation Industries
530609 BSE
Carnation Industries
Industrials BSE: 530609 Industrial Products
Key Fundamentals
MicrocapMarket Cap
₹34.00 Cr
P/E Ratio
-61
EBITDA
₹0.90 Cr
Return on Equity
-8.79%
Debt to Equity
9.08
Book Value
₹4.34
52W High
₹98.26
52W Low
₹21.07
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- Stock is trading at 22.6 times its book value
- Company has low interest coverage ratio.
- Company has high debtors of 406 days.
Growth Rate
Revenue Growth
-13.04%
Net Income Growth
-107% lower than
3Y
Cash Flow Change
27.72%
ROE
-110% lower than
3Y
ROCE
-92.29% lower than
3Y
EBITDA Margin (Avg.)
-25.5%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 2.34 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0 |
| Expenses | 0.11 | 0.05 | 0.03 | 0.15 | 0.07 | 0.05 | 0.22 | 0.49 | 0.09 | 0.21 | 0.21 | 0.52 | 0.15 |
| Operating Profit | -0.11 | -0.05 | -0.03 | -0.15 | 2.27 | -0.05 | -0.22 | -0.49 | -0.09 | -0.21 | -0.21 | 1.18 | -0.15 |
| OPM % | — | — | — | — | 97.01% | — | — | — | — | — | — | 69.41% | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.24 | 0.03 | 0 |
| Interest | 0.06 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.31 | 0.32 | 0.35 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.17 | -0.11 | -0.03 | -0.15 | 2.27 | -0.05 | -0.22 | -0.49 | -0.09 | -0.26 | -0.28 | 0.89 | -0.5 |
| Tax % | 11.76% | 0% | 0% | 0% | 0.88% | 0% | 22.73% | 0% | 0% | 0% | 92.86% | 15.73% | 4% |
| Net Profit | -0.2 | -0.11 | -0.03 | -0.15 | 2.25 | -0.06 | -0.27 | -0.49 | -0.09 | -0.26 | -0.54 | 0.76 | -0.52 |
| EPS in Rs | -0.58 | -0.32 | -0.09 | -0.43 | 6.51 | -0.17 | -0.78 | -1.42 | -0.26 | -0.75 | -1.56 | 2.2 | -1.5 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 96.44 | 97.24 | 81.65 | 50.06 | 6.8 | -0.23 | -0.01 | 0 | 0 | 0 | 0 | 1.7 | 1.7 |
| Expenses | 89.12 | 88.48 | 78.61 | 55.02 | 11.84 | 1.8 | 1.69 | 1.55 | 0.52 | 0.34 | 0.84 | 0.98 | 1.09 |
| Operating Profit | 7.32 | 8.76 | 3.04 | -4.96 | -5.04 | -2.03 | -1.7 | -1.55 | -0.52 | -0.34 | -0.84 | 0.72 | 0.61 |
| OPM % | 7.59% | 9.01% | 3.72% | -9.91% | -74.12% | — | — | — | — | — | — | 42.35% | 35.88% |
| Other Income | 2.61 | 1.09 | 3.67 | 3.6 | 2.46 | 4.34 | -5.6 | 1.22 | -0.28 | 0 | 2.34 | 0.27 | 0.27 |
| Interest | 6.54 | 5.46 | 5.29 | 4.03 | 1.03 | 1.94 | 0.44 | 0.29 | 0.23 | 0.11 | 0 | 0.72 | 1.03 |
| Depreciation | 1.62 | 1.38 | 1.2 | 1.21 | 1.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0 | 0 |
| PBT | 1.77 | 3.01 | 0.22 | -6.6 | -4.62 | 0.35 | -7.76 | -0.64 | -1.05 | -0.47 | 1.49 | 0.27 | -0.15 |
| Tax % | 20.9% | 22.26% | -18.18% | -0.91% | 1.52% | 0% | 0% | 18.75% | 16.19% | 4.26% | 4.7% | 148.15% | — |
| Net Profit | 1.4 | 2.34 | 0.27 | -6.53 | -4.68 | 0.34 | -7.76 | -0.76 | -1.22 | -0.49 | 1.42 | -0.13 | -0.56 |
| EPS in Rs | 4.05 | 6.77 | 0.78 | -18.89 | -13.54 | 0.98 | -22.45 | -2.2 | -3.53 | -1.42 | 4.11 | -0.38 | -1.61 |
| Div. Payout % | 14.83% | 10.35% | 51.26% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 |
| Reserves | 12.81 | 14.86 | 15.11 | 8.43 | 3.88 | 3.93 | -3.91 | -4.66 | -5.87 | -6.36 | -1.83 | -1.96 |
| Borrowings | 34.62 | 36.31 | 33.74 | 32.23 | 27.49 | 1.42 | 1.53 | 1.59 | 1.75 | 1.92 | 0.11 | 13.62 |
| Other Liabilities | 36.68 | 32.17 | 33.54 | 25.33 | 21.6 | 19.55 | 13.18 | 1.87 | 2 | 2.28 | 0.57 | 1.65 |
| Total Liabilities | 87.57 | 86.8 | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.3 | 2.31 | 16.77 |
| Fixed Assets | 13.06 | 12.29 | 11.75 | 10.99 | 10.03 | 3.04 | 1.06 | 0.94 | 0.9 | 0.88 | 0 | 0 |
| CWIP | 0 | 0 | 0.32 | 0.63 | 0.63 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.05 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Other Assets | 74.51 | 74.51 | 73.73 | 57.8 | 45.74 | 25.31 | 13.19 | 1.31 | 0.44 | 0.42 | 2.31 | 16.77 |
| Total Assets | 87.57 | 86.8 | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.3 | 2.31 | 16.77 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 5.81 | 2.91 | 8.54 | 5.35 | 4.91 | 4.6 | -3.77 | -7.79 | -0.04 | -0.05 | -1.01 | -0.73 |
| Investing | -0.9 | -0.6 | -0.95 | 0.3 | 0.83 | 23.64 | 11.12 | 1.02 | 0.06 | 0 | 0.12 | -13.17 |
| Financing | -4.35 | -2.44 | -8.26 | -5.54 | -5.78 | -28.21 | -0.36 | -0.22 | -0.09 | 0.05 | 1.8 | 13.16 |
| Net Cash Flow | 0.56 | -0.13 | -0.68 | 0.12 | -0.03 | 0.03 | 6.99 | -6.99 | -0.07 | 0 | 0.9 | -0.74 |
| Free Cash Flow | 4.91 | 2.31 | 7.59 | 4.66 | 5.41 | 28.03 | 7.34 | -6.79 | 0.01 | -0.05 | -0.89 | -3.06 |
| CFO/OP | 88 | 39 | 307 | -108 | -92 | -235 | 220 | 514 | 10 | 15 | 120 | -93 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 192 | 204 | 237 | 310 | 1,980 | -29,533 | -22,995 | — | — | — | — | 406 |
| Inventory Days | 77.58 | 64.74 | 82.85 | 55.49 | 92.24 | -1,222 | -2,190 | — | — | — | — | — |
| Days Payable | 246 | 239 | 309 | 288 | 1,453 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 24.02 | 29.16 | 10.5 | 77.14 | 620 | -30,755 | -25,185 | — | — | — | — | 406 |
| Working Capital Days | 10.52 | 21.32 | 30.13 | 20.85 | -39.72 | 9,728 | -2,51,485 | — | — | — | — | 165 |
| ROCE % | 16.7% | 16.05% | 10.32% | -5.33% | -10.31% | 10.49% | -32.96% | -81.63% | — | — | 392.11% | 8.9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Carnation Industries insights
63 extracted metrics + investor summaries across FY06–FY26.
Documents
3
Board Meeting Outcome for Outcome Of Board Meeting Held On May 5, 2026
5 May - Board approved audited FY26 results with unmodified audit opinion and appointed Jha Gunjan & Associates as internal auditor for FY27. 5 May - Board approved audited FY26 results with unmodified audit opinion and appointed Jha Gunjan & Associates as internal auditor for FY27.
4
Board Meeting Intimation for Board Meeting To Be Held On Tuesday, May 05, 2026
28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results. 28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results.
5
Board Meeting Intimation for Board Meeting To Be Held On Tuesday, May 05, 2026
28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results. 28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results.
Frequently Asked Questions about Carnation Industries
What does Carnation Industries Ltd do?
Established in 1983, Carnation Industries Ltd is engaged in manufacturing and export of grey iron and ductile castings primarily for sanitary and water distribution purposes.
Where is Carnation Industries Ltd (530609) listed?
Carnation Industries Ltd trades under code 530609 on the BSE.
Which sector does Carnation Industries Ltd belong to?
Carnation Industries Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Carnation Industries Ltd?
Carnation Industries Ltd has a market capitalisation of ₹34 Cr, which places it in the Small Cap band.
What is the PE ratio of Carnation Industries Ltd?
Carnation Industries Ltd trades at a PE ratio of -61.00, against a book value of ₹4.34 per share.
What is the 52-week high and low of Carnation Industries Ltd?
Over the last 52 weeks Carnation Industries Ltd has traded between ₹21.07 and ₹98.26.
What is the Return on Equity (ROE) of Carnation Industries Ltd?
Carnation Industries Ltd reported a return on equity of -8.79%. Its debt-to-equity ratio is 9.08.
Company Information
Established in 1983, Carnation Industries Ltd is engaged in manufacturing and export of grey iron and ductile castings primarily for sanitary and water distribution purposes.
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