Carnation Industries Ltd
₹ 93.6
0.00%
27 Jul
- 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 ₹ 32.4 Cr.
- Current Price ₹ 93.6
- High / Low ₹ 93.6 / 21.1
- Stock P/E
- Book Value ₹ 4.34
- Dividend Yield 0.00 %
- ROCE 11.3 %
- ROE -8.31 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 21.6 times its book value
- Company has low interest coverage ratio.
- Company has high debtors of 406 days.
* 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
Upcoming result date: tomorrow
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 96.44 | 97.24 | 81.65 | 50.06 | 6.80 | -0.23 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 1.70 | |
| 89.12 | 88.48 | 78.61 | 55.02 | 11.84 | 1.80 | 1.69 | 1.55 | 0.52 | 0.34 | 0.84 | 1.02 | |
| Operating Profit | 7.32 | 8.76 | 3.04 | -4.96 | -5.04 | -2.03 | -1.70 | -1.55 | -0.52 | -0.34 | -0.84 | 0.68 |
| OPM % | 7.59% | 9.01% | 3.72% | -9.91% | -74.12% | 40.00% | ||||||
| 2.61 | 1.09 | 3.67 | 3.60 | 2.46 | 4.34 | -5.60 | 1.22 | -0.28 | 0.00 | 2.34 | 0.27 | |
| Interest | 6.54 | 5.46 | 5.29 | 4.03 | 1.03 | 1.94 | 0.44 | 0.29 | 0.23 | 0.11 | 0.00 | 0.68 |
| Depreciation | 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 | 1.77 | 3.01 | 0.22 | -6.60 | -4.62 | 0.35 | -7.76 | -0.64 | -1.05 | -0.47 | 1.49 | 0.27 |
| Tax % | 20.90% | 22.26% | -18.18% | -0.91% | 1.52% | 0.00% | 0.00% | 18.75% | 16.19% | 4.26% | 4.70% | 148.15% |
| 1.40 | 2.34 | 0.27 | -6.53 | -4.68 | 0.34 | -7.76 | -0.76 | -1.22 | -0.49 | 1.42 | -0.13 | |
| EPS in Rs | 4.05 | 6.77 | 0.78 | -18.89 | -13.54 | 0.98 | -22.45 | -2.20 | -3.53 | -1.42 | 4.11 | -0.38 |
| Dividend Payout % | 14.83% | 10.35% | 51.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -33% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 24% |
| TTM: | -109% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 72% |
| 3 Years: | 174% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -8% |
Balance Sheet
Figures in Rs. Crores
| 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 |
| 34.62 | 36.31 | 33.74 | 32.23 | 27.49 | 1.42 | 1.53 | 1.59 | 1.75 | 1.92 | 0.11 | 13.62 | |
| 36.68 | 32.17 | 33.54 | 25.33 | 21.60 | 19.55 | 13.18 | 1.87 | 2.00 | 2.28 | 0.57 | 1.65 | |
| Total Liabilities | 87.57 | 86.80 | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.30 | 2.31 | 16.77 |
| 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 | 0.00 | 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 | 0.05 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 74.51 | 74.51 | 73.73 | 57.80 | 45.74 | 25.31 | 13.19 | 1.31 | 0.44 | 0.42 | 2.31 | 16.77 | |
| Total Assets | 87.57 | 86.80 | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.30 | 2.31 | 16.77 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.81 | 2.91 | 8.54 | 5.35 | 4.91 | 4.60 | -3.77 | -7.79 | -0.04 | -0.05 | -1.01 | -0.73 | |
| -0.90 | -0.60 | -0.95 | 0.30 | 0.83 | 23.64 | 11.12 | 1.02 | 0.06 | 0.00 | 0.12 | -13.17 | |
| -4.35 | -2.44 | -8.26 | -5.54 | -5.78 | -28.21 | -0.36 | -0.22 | -0.09 | 0.05 | 1.80 | 13.16 | |
| Net Cash Flow | 0.56 | -0.13 | -0.68 | 0.12 | -0.03 | 0.03 | 6.99 | -6.99 | -0.07 | 0.00 | 0.90 | -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% | -99% |
Ratios
Figures in Rs. Crores
| 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 | 192.30 | 203.75 | 236.93 | 310.02 | 1,980.12 | -29,533.26 | -22,995.00 | 405.79 | ||||
| Inventory Days | 77.58 | 64.74 | 82.85 | 55.49 | 92.24 | -1,221.96 | -2,190.00 | |||||
| Days Payable | 245.86 | 239.32 | 309.27 | 288.37 | 1,452.84 | |||||||
| Cash Conversion Cycle | 24.02 | 29.16 | 10.50 | 77.14 | 619.53 | -30,755.22 | -25,185.00 | 405.79 | ||||
| Working Capital Days | 10.52 | 21.32 | 30.13 | 20.85 | -39.72 | 9,728.04 | -251,485.00 | 165.32 | ||||
| ROCE % | 16.70% | 16.05% | 10.32% | -5.33% | -10.31% | 10.49% | -32.96% | -81.63% | 392.11% | 11.27% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Export Sales - Europe Rs. in Lacs |
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| Export Sales - Middle East Rs. in Lacs |
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| Export Sales - North America Rs. in Lacs |
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| Permanent Employees on Rolls count |
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Documents
Announcements
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Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended June 30, 2026
1d - Board meeting on July 30, 2026 to approve Q1 FY27 unaudited results; trading window closed until 48 hours after results.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
16 Jul - Promoter Vikas Garg taken into ED custody on July 14, 2026; business operations unchanged.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul
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Closure of Trading Window
27 Jun - Trading window closes July 1, 2026 until 48 hours after June 30 quarter results.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
23 Jun - Promoter informed of ED provisional attachment order dated June 5, 2026; company says no business impact.
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
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Financial Year 2009
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Insolvency Resolution—Not Liquidation:[1]
Carnation Industries is not under liquidation. The old castings company entered CIRP in September 2023, and the NCLT approved a resolution plan submitted by Vikas Garg on June 5, 2024. All old equity shares were cancelled and fresh shares were issued in November 2024, with about 90% allotted to the new promoter and 10% to the earlier public shareholders. The company subsequently exited insolvency under the new management. [2]