Carnation Industries
Carnation Industries (CARNATIN) share price was ₹103.05 at the 26 Oct 2026 close; market capitalisation ₹35.67 Cr; sector Industrials. The share price rose 215.7% over the year to 26 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was under ₹1 Cr in both quarters and net profit was −₹0.52 Cr, against −₹0.09 Cr a year earlier (compared with Jun 2025). Promoters held 89.98% of Carnation Industries in Sep 2026, unchanged from Jun 2026.
Key Fundamentals
MicrocapPrice-based figures as of 28 Oct 2026, 16:30 IST · EPS basis: Standalone · TTM
Peer Comparison
Industrials › Industrial Products › Other Industrial Products
| ₹812.30 | 28.84 | 22,517 Cr | 10.17 | 0.38% | 36.79% | 46.59% | 3,399 Cr | 780 Cr | |
| ₹1,896.20 | 67.53 | 17,241 Cr | 15.40 | 0.10% | 23.08% | 30.77% | 1,667 Cr | 255 Cr | |
| ₹5,324.50 | 36.94 | 8,196 Cr | 19.09 | 1.42% | 48.14% | 60.82% | 1,615 Cr | 222 Cr | |
| ₹1,183.80 | 77.17 | 7,749 Cr | 8.39 | 0.00% | 13.32% | 18.02% | 747 Cr | 97 Cr | |
| ₹428.40 | 25.21 | 3,900 Cr | 2.78 | 0.36% | 11.07% | 14.21% | 1,752 Cr | 154 Cr | |
| ₹587.10 | 23.02 | 3,830 Cr | 3.08 | 0.49% | 13.31% | 16.75% | 3,949 Cr | 167 Cr | |
| ₹1,362.40 | 20.68 | 2,371 Cr | 4.16 | 0.55% | 14.79% | 20.26% | 1,285 Cr | 115 Cr | |
| Carnation Industries (this company) | ₹103.05 | — | 36 Cr | 23.58 | 0.00% | -8.79% | 6.22% | 3 Cr | -1 Cr |
| Median 8 companies | ₹998.05 | 28.84 | 5,825 Cr | 9.28 | 0.37% | 14.06% | 19.14% | 1,641 Cr | 161 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
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
Oscillators
Bearish
Overall
Bullish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Particulars | 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 |
| 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | 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 | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY06–FY27.
Documents
Frequently Asked Questions about Carnation Industries
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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.
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