---
title: "Carol Info Services Ltd (CAROLINFO) — Share Price, Financials & Analysis"
symbol: "CAROLINFO"
company: "Carol Info Services Ltd"
canonical: "https://tapetide.com/stocks/CAROLINFO"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T19:02:57.212Z"
---

# Carol Info Services Ltd (CAROLINFO)

Canonical page: https://tapetide.com/stocks/CAROLINFO

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Carol Info Services Limited is an India-based company. The Company is engaged in the business of renting of immovable property.

## Latest Price

## Key Insights

### Weaknesses

- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 9.20% over last 3 years.
- Earnings include an other income of Rs.58.0 Cr.
- Company's cost of borrowing seems high
- Working capital days have increased from 742 days to 1,131 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -10% | 0% | 33% |
| revenue growth | 28% | 12% | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 21 | 63 | 82 | 120 | 149 | 111 | 130 | 131 | 150 |
| Expenses | 8 | 42 | 26 | 27 | 18 | 23 | 25 | 46 | 23 |
| Operating Profit | 13 | 22 | 56 | 92 | 131 | 89 | 105 | 85 | 128 |
| OPM % | 62 | 34 | 68 | 77 | 88 | 80 | 81 | 65 | 85 |
| Other Income | 0 | 3 | 1 | 4 | 2 | 2 | 3 | 8 | 5 |
| Interest | 16 | 46 | 38 | 22 | 32 | 35 | 36 | 44 | 35 |
| Depreciation | 7 | 29 | 35 | 40 | 49 | 50 | 50 | 54 | 66 |
| Profit before tax | -10 | -50 | -16 | 34 | 51 | 6 | 22 | -5 | 32 |
| Tax % | 0 | 0 | -21 | -11 | 0 | 36 | 7 | -9 | -1 |
| Net Profit | -10 | -50 | -13 | 38 | 51 | 4 | 21 | -5 | 32 |
| EPS in Rs | — | -2.51 | -0.63 | 1.9 | 2.54 | 0.19 | 1.05 | -0.23 | 1.62 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 21 | 7 | 50 | 54 | 55 | 62 | 66 | 67 | 71 | 91 |
| Expenses | 14 | 4 | 303 | 4 | 6 | 5 | 5 | 5 | 5 | 5 |
| Operating Profit | 6 | 4 | -253 | 49 | 49 | 57 | 60 | 62 | 66 | 86 |
| OPM % | 30 | 50 | -506 | 92 | 88 | 92 | 92 | 93 | 93 | 95 |
| Other Income | 41 | 43 | 605 | 9 | 12 | 76 | 84 | 59 | 57 | 58 |
| Interest | 3 | 6 | 3 | 27 | 30 | 29 | 26 | 26 | 26 | 66 |
| Depreciation | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Profit before tax | 38 | 37 | 346 | 28 | 28 | 100 | 115 | 94 | 95 | 76 |
| Tax % | 42 | 32 | 21 | 23 | 18 | 27 | 31 | 28 | 35 | 33 |
| Net Profit | 22 | 25 | 274 | 22 | 23 | 73 | 80 | 67 | 62 | 51 |
| EPS in Rs | 6.29 | 7.11 | 77.21 | 6.13 | 6.41 | 20.66 | 22.54 | 18.94 | 17.49 | 14.28 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 492 | 517 | 791 | 812 | 835 | 729 | 809 | 907 | 969 | 909 |
| Borrowings | 38 | 50 | 27 | 256 | 238 | 221 | 204 | 301 | 288 | 344 |
| Other Liabilities | 59 | 61 | 59 | 55 | 54 | 87 | 95 | 90 | 93 | 94 |
| Total Liabilities | 624 | 664 | 912 | 1159 | 1162 | 1072 | 1143 | 1334 | 1386 | 1382 |
| Fixed Assets | 124 | 120 | 96 | 94 | 91 | 18 | 86 | 84 | 81 | 79 |
| CWIP | 0 | 5 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 21 | 21 | 19 | 195 | 256 | 409 | 364 | 398 | 598 | 534 |
| Other Assets | 479 | 518 | 796 | 869 | 815 | 646 | 693 | 852 | 706 | 769 |
| Total Assets | 624 | 664 | 912 | 1159 | 1162 | 1072 | 1143 | 1334 | 1386 | 1382 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | — | — | — | — | — | — | — | — |
| Cash from Investing Activity | — | — | — | — | — | — | — | — | — | — |
| Cash from Financing Activity | — | — | — | — | — | — | — | — | — | — |
| Net Cash Flow | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — | — | — |
| CFO/OP | — | — | — | — | — | — | — | — | — | — |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 14 | 214 | 289 | 225 | 91 | 127 | 133 | 146 | 13 | 65 |
| Cash Conversion Cycle | 14 | 214 | 289 | 225 | 91 | 127 | 133 | 146 | 13 | 65 |
| Working Capital Days | -843 | -2364 | -118 | -118 | -232 | -376 | -383 | -336 | 1430 | 1131 |
| ROCE % | 7 | 7 | 7 | 6 | 5 | 12 | 14 | 13 | 12 | 14 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 21.15 | Sell |
| EMA (10) | 21.01 | Buy |
| SMA (20) | 21.44 | Sell |
| EMA (20) | 21.22 | Sell |
| SMA (50) | 21.34 | Sell |
| EMA (50) | 21.7 | Sell |
| SMA (100) | 22.97 | Sell |
| EMA (100) | 22.86 | Sell |
| SMA (200) | 25.57 | Sell |
| EMA (200) | 25.29 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.18 | Neutral |
| MACD (12,26,9) | -0.21 | Sell |
| Stochastic (14,3,3) | 19.98 | Buy |
| ADX (14) | 19.56 | Neutral |
| Williams %R (14) | -61.59 | Neutral |
| ATR (14) | 1.54 | High Volatility |
| ROC (12) | -2.37 | Sell |
| Stoch RSI (14) | 55.25 | Neutral |
| UO (7,14,28) | 44.11 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 4 September 2023 - SEBI approved delisting of units of Virescent Renewable Energy Trust; notice dated September 4, 2023. | [Updates 4 September 2023 - SEBI approved delisting of units of Virescent Renewable Energy Trust; notice dated September 4, 2023.](https://nsearchives.nseindia.com/corporate/VIRESCENT_04092023142246_SEIntimationDelistingapproval.pdf) |
| 29 August 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 7(2) read with regulation 6(2) of SEBI (Prohibition … | [Disclosure under SEBI (PIT) Reg 2015 29 August 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 7(2) read with regulation 6(2) of SEBI (Prohibition …](https://nsearchives.nseindia.com/corporate/VIRESCENT_29082023123251_Disclosure2.pdf) |
| 29 August 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and … | [Disclosure under SEBI Takeover Regulations 29 August 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and …](https://nsearchives.nseindia.com/corporate/VIRESCENT_29082023123257_Disclosure1.pdf) |
| 28 August 2023 - Terra Asia Holding II sold Virescent Renewable Energy Trust units (sale dated 25 Aug); disclosure received 28 Aug 2023. | [Updates 28 August 2023 - Terra Asia Holding II sold Virescent Renewable Energy Trust units (sale dated 25 Aug); disclosure received 28 Aug 2023.](https://nsearchives.nseindia.com/corporate/VIRESCENT_28082023212012_SEIntimationFormC2808.pdf) |
| 26 August 2023 - Virescent Renewable Energy Trust redeemed all senior secured listed NCDs on August 25, 2023. | [Updates 26 August 2023 - Virescent Renewable Energy Trust redeemed all senior secured listed NCDs on August 25, 2023.](https://nsearchives.nseindia.com/corporate/VIRESCENT_26082023133655_SEIntimationRedemptionofNCDsd.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:57.212Z.