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10 Yrs X-Ray 
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Carnation Industries Ltd (530609)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530609 NSE: Castings/Forgings | Small Cap | Carnation Industries Share Price
₹98.26 0.00 (0.00%)
As on 07-Sep'26 16:59
Carnation Industries Ltd (530609)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530609 NSE: Castings/Forgings | Small Cap | Carnation Industries Share Price
₹98.26 0.00 (0.00%)
As on 07-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹34 Cr.
Current Price
₹98.3
52-Week Low / High
₹21 / 98
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
43.7
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
89.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹3.5 Cr.
Face Value
₹10
All Time Low / High
₹3.25 / 98.26
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Carnation Industries Ltd a good quality company?
Carnation Industries Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Carnation Industries Ltd performance compare with that of its Peers?
Revenue growth of Carnation Industries Ltd vs industry peers?
Carnation Industries Ltd revenue CAGR is %, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Carnation Industries Ltd?
Promoters hold 89.98% of the Carnation Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Carnation Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Carnation Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.3% | -5.3% | -9.1% | 8.4% | -32.9% | 32.1% | 0% | 0% | 399.1% | 11.7% | - |
| Value Creation Index ⓘ | -0.3 | -1.4 | -1.7 | -0.4 | NA | NA | NA | NA | 27.5 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 81.7 | 50.1 | 6.9 | 7.6 | 0 | 0 | 0 | 0 | 0 | 1.7 | 2 |
| Sales YoY Gr. | - | -38.7% | -86.2% | 9.7% | -100% | NA | NA | NA | NA | NA | - |
| Adj EPS ⓘ | 1.6 | -18.4 | -18 | -35 | -6 | -2.2 | -2.7 | -1.4 | 4.1 | -0.9 | -1.6 |
| YoY Gr. | - | -1251.3% | NA | NA | NA | NA | NA | NA | NA | -121.1% | - |
| BVPS (₹) ⓘ | 53.7 | 34.4 | 21.2 | 21.4 | -1.3 | -3.5 | -7 | -8.4 | 4.7 | 4.3 | 2.8 |
| Adj Net Profit ⓘ | 0.6 | -6.4 | -6.2 | -12.1 | -2.1 | -0.8 | -0.9 | -0.5 | 1.4 | -0.3 | -1 |
| Cash Flow from Ops. ⓘ | 8.5 | 5.4 | 4.9 | 4.6 | -3.8 | -7.8 | -0 | -0.1 | -1 | -0.7 | - |
| Debt/CF from Ops. ⓘ | 4 | 6 | 5.6 | 0.3 | -0.4 | -0.2 | -42.5 | -37.9 | -0.1 | -18.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -35% | NA | NA | NA | ||||
| Adj EPS ⓘ | -193.5% | NA | NA | -121.1% | ||||
| BVPSⓘ | -24.4% | NA | NA | -8.1% | ||||
| Share Price | 9.7% | 79.2% | 157.4% | 599.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3 | -41.8 | -64.9 | -164.2 | -59.6 | 91.7 | 51.3 | 18.6 | -223.7 | -19.2 | -44.6 |
| Op. Profit Mgn % ⓘ | 4.3 | -9.4 | -72.6 | -205.1 | 0 | 0 | 0 | 0 | 0 | 42.1 | 63 |
| Net Profit Mgn % ⓘ | 0.7 | -12.7 | -90.1 | -159.2 | 0 | 0 | 0 | 0 | 0 | -17.7 | -28.5 |
| Debt to Equity ⓘ | 1.8 | 2.7 | 3.8 | 0.2 | -3.4 | -1.3 | -0.7 | -0.7 | 0.1 | 9.1 | - |
| Working Cap Days ⓘ | 325 | 476 | 2,533 | 1,648 | 0 | 0 | 0 | 0 | 0 | 1,842 | 34 |
| Cash Conv. Cycle ⓘ | 132 | 195 | 1,324 | 673 | 0 | 0 | 0 | 0 | 0 | -195 | 13 |
Valuation of Carnation Industries - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Carnation Industries Ltd FAQs
The current trading price of Carnation Industries on 07-Sep-2026 16:59 is ₹98.26.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2026 the market cap of Carnation Industries stood at ₹33.97 Cr
The latest P/E ratio of Carnation Industries as of 06-Sep-2026 is 0.00.
The latest P/B ratio of Carnation Industries as of 06-Sep-2026 is 34.56.
The 52-week high of Carnation Industries is ₹98.26 and the 52-week low is ₹21.07.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Carnation Industries is ₹1.94 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Carnation Industries Ltd is a below average quality company.
The key valuation ratios of Carnation Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Carnation Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Carnation Industries Ltd
Carnation Enterprise Pvt. Ltd. was established in 1982 by the combination of a few dynamic working men all successful in their respective fields, which later in 1995 changed the name to Carnation Industries Limited. The company starting off as a merchant exporter recorded a steady growth each year, the company went into manufacturing in the mid-80s and is running two grey iron foundries and ductile iron unit all in West Bengal. Both the grey iron production units and the ductile iron production unit are certified by SGS (India) Ltd. as per BS-EN-124 require for systems approval & specific product approvals.
Carnation is the country's first Conventional Grey Iron foundry to be certified ISO 9002 by KPMG (USA). Currently it holds the BS EN ISO 9001:2000 certificate from BSI (UK). UL Certification from Underwriters Laboratories Inc., USA.
Carnation has a professional set up backed by a group of highly experienced and Technically qualifed shop staff in different departments working under professional managers. They have a work force strength of 40 experienced personnel & a labour strength of over 400 persons.
Product development, technology upgradation and providing more for the value of money are Carnation’s forte.
Carnation has established itself as one of the top exporters of castings from India and it takes the toil and sweat of the whole team ably supported by juniors and the labour force to keep Carnation at top.
Product range of the company includes:
- Ductile & Grey Iron Sanitary Castings e.g. Manholes, Catch basins Frames, Grates etc.
- Ductile & Grey Iron valve boxes, meter boxes, surface boxes, Service boxes, Step Iron.
- Ductile & Grey Iron Gulley Gratings, Syphones, Hydrants.
- Ductile Iron Railway Castings.
- Ductile Iron M J Fittings, Push on fittings, related products.
- Ductile Iron glands, Flanges, anchor flanges, brackets.
- Accessories for Fittings
- Ductile Iron Industrial and auto casting.
- Marine items e.g., mushroom anchors, naval anchors, river anchors, cleats of wide variety.
- Counter weights for fork lifts.
- MS, SS Bolts, Rubber gaskets, GRP Plates, Brass fittings, Industrial leather gloves.
Milestones & Achievements:
- 1985-86 - Export Excellence award in C I Sanitary castings
- 1986-87 - Highest Export performance award in C I Industrial castings
- 1987-88 - Highest Export performance in C I panel (ALL INDIA)
- 1988-89 - Top Exporters Shield (Eastern Region)
- 1989-90 - Highest Export performance award in C I Sanitary castings
- 1990-91 - Certificate of Export Excellence : Eastern Region
- 1991-92 - Certificate of Export Excellence : Eastern Region
- 1993-94 - Certificate of Export Excellence : Eastern Region
- 1994-95 - Certificate of Export Excellence : All India
- 1995-96 - Highest Export Performance in C I Panel (All India)
- 1996-97 - Certificate of Export Excellence : Eastern RegionAward of Export Excellence : FOSMI, Govt of W. Bengal
- 1997-98 - Trophy for Highest Exporter in the group : Eastern RegionNational Award to Outstanding Small Scale Entrepreneurs :Ministry of Industry Department of SSI & ARI Small Industries development Organisation, Government of India.
- 1998-99 - Award for Export Excellence from EEPC (ER) for highest export performance.
- 1999-2000 - Excellence Award For Excellence in Productivity, Quality, Innovation & Management by Institute of Economic Studies, New Delhi.
- 1999-2000 - All India Award for Export Excellence in Engineering Goods.
- 2001-2002 - Certificate of Export Excellence : Eastern RegionAward of Export Excellence : FOSMI, Govt of W. Bengal
- 2002-2003 - Certificate of Export Excellence : Eastern RegionAward of Export Excellence : FOSMI, Govt of W. Bengal
- 2003-2004 - All India Award for Export Excellence in recognition of their outstanding contribution to Engineering Exports during the year 2004 - 2005
- 2008-2009 - engineering Export Promotion Council Eastern Region award for Export Excellence
- 2010 - Quality Management System approved ISO 9001:2008 from BSI, LONDON
- 2011 - Expansion of the Ductile Iron plant at Uluberia
Approval received from Asphalt Paint NSF ANSI -61 from Underwriter Laboratory, US - 2014 - Approval received from Lead Free Paint NSF-372 from Underwriter Laboratory, USA
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