Carnation Industries Ltd
₹ 83.0
0.00%
02 Mar
- close price
About
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.
Key Points
- Market Cap ₹ 28.7 Cr.
- Current Price ₹ 83.0
- High / Low ₹ 86.4 / 21.1
- Stock P/E
- Book Value ₹ 3.70
- Dividend Yield 0.00 %
- ROCE 392 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 22.4 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97.16 | 96.44 | 97.24 | 81.65 | 50.06 | 6.80 | -0.23 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 88.10 | 89.12 | 88.48 | 78.61 | 55.02 | 11.84 | 1.80 | 1.69 | 1.55 | 0.52 | 0.34 | 0.84 | 1.00 | |
| Operating Profit | 9.06 | 7.32 | 8.76 | 3.04 | -4.96 | -5.04 | -2.03 | -1.70 | -1.55 | -0.52 | -0.34 | -0.84 | -1.00 |
| OPM % | 9.32% | 7.59% | 9.01% | 3.72% | -9.91% | -74.12% | |||||||
| 1.17 | 2.61 | 1.09 | 3.67 | 3.60 | 2.46 | 4.34 | -5.60 | 1.22 | -0.28 | 0.00 | 2.34 | 0.24 | |
| Interest | 5.59 | 6.54 | 5.46 | 5.29 | 4.03 | 1.03 | 1.94 | 0.44 | 0.29 | 0.23 | 0.11 | 0.00 | 0.36 |
| Depreciation | 1.80 | 1.62 | 1.38 | 1.20 | 1.21 | 1.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 |
| Profit before tax | 2.84 | 1.77 | 3.01 | 0.22 | -6.60 | -4.62 | 0.35 | -7.76 | -0.64 | -1.05 | -0.47 | 1.49 | -1.12 |
| Tax % | 15.85% | 20.90% | 22.26% | -18.18% | -0.91% | 1.52% | 0.00% | 0.00% | 18.75% | 16.19% | 4.26% | 4.70% | |
| 2.38 | 1.40 | 2.34 | 0.27 | -6.53 | -4.68 | 0.34 | -7.76 | -0.76 | -1.22 | -0.49 | 1.42 | -1.38 | |
| EPS in Rs | 6.88 | 4.05 | 6.77 | 0.78 | -18.89 | -13.54 | 0.98 | -22.45 | -2.20 | -3.53 | -1.42 | 4.11 | -3.99 |
| Dividend Payout % | 11.63% | 14.83% | 10.35% | 51.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 33% |
| 3 Years: | 44% |
| TTM: | -178% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 69% |
| 3 Years: | 171% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.46 |
| Reserves | 11.66 | 12.81 | 14.86 | 15.11 | 8.43 | 3.88 | 3.93 | -3.91 | -4.66 | -5.87 | -6.36 | -1.83 | -2.18 |
| 33.52 | 34.62 | 36.31 | 33.74 | 32.23 | 27.49 | 1.42 | 1.53 | 1.59 | 1.75 | 1.92 | 0.11 | 8.95 | |
| 36.65 | 36.68 | 32.17 | 33.54 | 25.33 | 21.60 | 19.55 | 13.18 | 1.87 | 2.00 | 2.28 | 0.57 | 0.63 | |
| Total Liabilities | 85.29 | 87.57 | 86.80 | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.30 | 2.31 | 10.86 |
| 13.84 | 13.06 | 12.29 | 11.75 | 10.99 | 10.03 | 3.04 | 1.06 | 0.94 | 0.90 | 0.88 | 0.00 | 0.00 | |
| CWIP | 0.26 | 0.00 | 0.00 | 0.32 | 0.63 | 0.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.05 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 71.19 | 74.51 | 74.51 | 73.73 | 57.80 | 45.74 | 25.31 | 13.19 | 1.31 | 0.44 | 0.42 | 2.31 | 10.86 | |
| Total Assets | 85.29 | 87.57 | 86.80 | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.30 | 2.31 | 10.86 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.93 | 5.81 | 2.91 | 8.54 | 5.35 | 4.91 | 4.60 | -3.77 | -7.79 | -0.04 | -0.05 | -1.01 | |
| -0.71 | -0.90 | -0.60 | -0.95 | 0.30 | 0.83 | 23.64 | 11.12 | 1.02 | 0.06 | 0.00 | 0.12 | |
| -3.91 | -4.35 | -2.44 | -8.26 | -5.54 | -5.78 | -28.21 | -0.36 | -0.22 | -0.09 | 0.05 | 1.80 | |
| Net Cash Flow | 1.31 | 0.56 | -0.13 | -0.68 | 0.12 | -0.03 | 0.03 | 6.99 | -6.99 | -0.07 | 0.00 | 0.90 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 180.17 | 192.30 | 203.75 | 236.93 | 310.02 | 1,980.12 | -29,533.26 | -22,995.00 | ||||
| Inventory Days | 60.37 | 77.58 | 64.74 | 82.85 | 55.49 | 92.24 | -1,221.96 | -2,190.00 | ||||
| Days Payable | 244.12 | 245.86 | 239.32 | 309.27 | 288.37 | 1,452.84 | ||||||
| Cash Conversion Cycle | -3.58 | 24.02 | 29.16 | 10.50 | 77.14 | 619.53 | -30,755.22 | -25,185.00 | ||||
| Working Capital Days | 5.33 | 10.52 | 21.32 | 30.13 | 20.85 | -39.72 | 9,728.04 | -251,485.00 | ||||
| ROCE % | 17.81% | 16.70% | 16.05% | 10.32% | -5.33% | -10.31% | 10.49% | -32.96% | -81.63% | 392.11% |
Documents
Announcements
-
Appointment of Company Secretary and Compliance Officer
26 Feb - CS Sanjog appointed Company Secretary and Compliance Officer effective February 26, 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Held On February 26, 2026
26 Feb - CS Sanjog appointed Company Secretary and Compliance Officer effective February 26, 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
31 Jan - Parul Rai resigns as Company Secretary & Compliance Officer effective January 31, 2026; personal reasons stated.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jan - Newspaper advertisement of Unaudited Financial Results of the Company for Quarter and nine months ended December 31, 2025.
- Unaudited Financial Results For The Quarter Ended December 31, 2025. 27 Jan
Annual reports
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Financial Year 2025
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Business Overview:[1]
Company is a manufacturer of Ductile & Grey Cast Iron components viz, Gear Box Housing, Clutch Housing, Trumpet Housing, King Post Machine, Carriage Casting, Hydra Clamp Housing, Carrier LHS & RHS, Stub Axle Hub, Intermediate Flange Brackets, Drive Housings, Piston Hydraulics, Cylinder Hydraulics, Bracket Hydraulics etc. It specializes in Automotive, Agriculture, Railway, Earth Moving Equipment, Composer for Refrigeration, Textile and Marine Industries.