Carnation Industries Ltd

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Carnation Industries Ltd

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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

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]

  • Market Cap ₹ Cr.
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Pros

Cons

* 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.

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Quarterly Results

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Operating Profit
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Raw PDF

Profit & Loss

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Balance Sheet

Figures in Rs. Crores

Equity Capital
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Cash Flows

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CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit

Ratios

Debtor Days
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Insights

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
43.67% 43.67% 43.67% 43.67% 43.67% 89.98% 89.98% 89.98% 89.98% 89.98% 89.98% 89.98%
56.33% 56.33% 56.33% 56.34% 56.34% 10.01% 10.01% 10.01% 10.01% 10.01% 10.01% 10.01%
No. of Shareholders 2,2502,3292,3292,4252,4252,3522,3522,0722,0251,9821,9441,910

Documents