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Carnation Industries

530609 BSE
₹100.70

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P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 2 Nov 2026 ₹100.70 +64.72 +180% 1Y
Start ₹35.98

Key Fundamentals

Microcap

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
8.90%
Debt to Equity
9.08
EPS (TTM)
−₹1.61
Book Value
₹4.37
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
23.04
ROE
−59.40%
Dividend Yield
0.00%
EBITDA
₹90.00 L
52W High
₹103.17
52W Low
₹35.98

Key Insights

No strengths listed

Weaknesses

3
  • Stock is trading at 23.8 times its book value
  • Company has low interest coverage ratio.
  • Company has high debtors of 406 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish6211
OscillatorsBearish423
Moving AveragesStrong Bullish208

Key readings

RSI (14)
74.39
Bearish
MACD (12,26,9)
5.71
Bearish
SMA (50)
85.07
Bullish
SMA (200)
29.56
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−33.28%
5YTurned positive
3YZero base
1YZero base
TTMZero base

Net profit

Net profit growth by window
10YTurned to loss
5YLoss narrowed by ₹7.63 Cr
3YLoss narrowed by ₹1.09 Cr
1YTurned to loss
TTMLoss narrowed by ₹0.35 Cr

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow narrowed by ₹3.04 Cr
3YOutflow widened by ₹0.69 Cr
1YOutflow narrowed by ₹0.28 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+33.34 pp
5YNo sales
3YNo sales
1YNo sales
TTMNo sales

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹81.65 Cr
Mar 2018₹50.06 Cr
Mar 2019₹6.80 Cr
Mar 2020−₹0.23 Cr
Mar 2021−₹0.01 Cr
Mar 2022₹0.00 Cr
Mar 2023₹0.00 Cr
Mar 2024₹0.00 Cr
Mar 2025₹0.00 Cr
Mar 2026₹1.70 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.27 Cr
Mar 2018−₹6.53 Cr
Mar 2019−₹4.68 Cr
Mar 2020₹0.34 Cr
Mar 2021−₹7.76 Cr
Mar 2022−₹0.76 Cr
Mar 2023−₹1.22 Cr
Mar 2024−₹0.49 Cr
Mar 2025₹1.42 Cr
Mar 2026−₹0.13 Cr

Quarterly Results

₹ Cr
530609 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
−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

₹ Cr
530609 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
530609 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
530609 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

530609 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
192
204
237
310
1,980
—
—
—
—
—
—
406
Inventory Days
77.58
64.74
82.85
55.49
92.24
—
—
—
—
—
—
—
Days Payable
246
239
309
288
1,453
—
—
—
—
—
—
—
Cash Conversion Cycle
24.02
29.16
10.5
77.14
620
—
—
—
—
—
—
406
Working Capital Days
10.52
21.32
30.13
20.85
−39.72
—
—
—
—
—
—
165
ROCE %
16.7%
16.05%
10.32%
−5.33%
−10.31%
10.49%
−32.96%
−81.63%
—
—
392.11%
8.9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Carnation Industries insights

63 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 89.98%
  • Public 6.92%
  • Others 3.10%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

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 (CARNATIN) 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 52-week high and low of Carnation Industries Ltd?
Over the last 52 weeks Carnation Industries Ltd has traded between ₹35.98 and ₹103.17 as of 2 Nov 2026.
What is the Return on Equity (ROE) of Carnation Industries Ltd?
Carnation Industries Ltd reported a return on equity of -59.40%. 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.

Website carnation.org.in
Listed 3 Oct 2025
Face Value ₹10

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