IPO Plus

BSE · 530609

Carnation Industries Ltd.

GSM · GSM 4 · IBC
93.59
₹32 Cr market cap
P/E
EPS
₹0
Book value
₹4.33
ROE
-8.79%
ROCE
6.22%
Debt / equity
0

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

013.4326.8540.2853.7Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25
Revenue (₹ Cr) Net profit (₹ Cr)

Shareholding

As of 2026-06-30

89.98%
promoter holding
  • Promoter89.98%
  • Public10.02%

1,944 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

43.66%89.98%Jun 24Jun 26

52-week position

Where the current price sits in its yearly band

21.0793.5993.59

The band spans 4.44× from low to high.

Risk flags

Derived from disclosed data

  • Under exchange surveillance — GSM · GSM 4 · IBC. Trading may carry price bands, periodic call auction or higher margins.

Peer comparison

Castings & Forgings · ranked #43 of 57 by market cap · medians across 43 industry peers

P/E
vs 30.26 peer med
P/B
21.61vs 3.15 peer med
ROE %
-8.79vs 11.1 peer med
Margin %
-7.65vs 6.34 peer med
CompanyMkt capP/EP/BROEMargin
Bharat Forge Ltd.₹1,03,879 Cr447.0810.8411.12%6.04%
AIA Engineering Ltd.₹42,950 Cr109.195.3515.83%29.16%
PTC Industries Limited₹26,912 Cr449.217.856.74%16.85%
CIE Automotive India Ltd.₹15,766 Cr63.262.1111.1%8.94%
Happy Forgings Limited₹15,662 Cr187.367.3614.17%19.51%
Ramkrishna Forgings Ltd.₹11,601 Cr206.083.512.46%1.69%
Kennametal India Limited₹6,286 Cr122.337.8417.66%11.47%
Balu Forge Industries Limited₹5,378 Cr69.763.3716.24%23.38%
Electrosteel Castings Ltd.₹4,435 Cr275.960.750.13%0.1%
Steelcast Limited₹3,106 Cr35.987.8621.99%20.53%
Carnation Industries Ltd.(this company)₹32 Cr21.61-8.79%-7.65%

AI analysis

AI-generated · google/gemini-2.5-flash

Carnation Industries Ltd. has a market capitalization of Rs 32 Cr. The company reported revenue of Rs 2.34 Cr with a profit margin of -7.65%. The Return on Equity (ROE) is -8.79%, while the Return on Capital Employed (ROCE) is 6.221%. The debt-to-equity ratio stands at 0.

Positives

  • +The debt-to-equity ratio is 0, indicating no debt.
  • +The promoter holding is high at 89.9839% as of June 30, 2026.
  • +There are no pledged shares by the promoters, with promoter pledge at 0%.

Negatives

  • The company's Return on Equity (ROE) is negative at -8.79%.
  • The profit margin is negative at -7.65%.
  • The company is under surveillance with 'GSM' and 'IBC' measures.
  • Revenue in Mar 2024 was Rs 0 Cr, indicating minimal operations.
  • The Earnings Per Share (EPS) for the latest period is 0.

Financial Performance

Carnation Industries Ltd. reported revenue of Rs 2.3384 Cr in Mar 2025, a significant increase from Rs 0 Cr in Mar 2024. Net profit also improved to Rs 1.4244 Cr in Mar 2025 from a loss of Rs -0.493 Cr in Mar 2024. Earnings Per Share (EPS) for Mar 2025 was Rs 4.12, up from Rs -1.43 in Mar 2024.

Profitability & Returns

The company's Return on Equity (ROE) is -8.79%, indicating financial losses relative to shareholder equity. However, the Return on Capital Employed (ROCE) is 6.221%, suggesting some efficiency in using capital for operations. The profit margin for the latest reported period is -7.65%.

Balance Sheet

Carnation Industries Ltd. maintains a debt-to-equity ratio of 0, indicating no debt on its balance sheet. The book value per share is Rs 4.33. The company's EPS for the latest period is 0, while it recorded an EPS of Rs 4.12 in Mar 2025.

Ownership & Pledges

As of June 30, 2026, the promoter holding in Carnation Industries Ltd. is 89.9839%. The public holds 10.0161% of the shares. There is no promoter pledged shareholding. The company has a total of 1944 shareholders.

Regulatory & Surveillance

Carnation Industries Ltd. is currently under surveillance with the labels 'GSM · GSM 4 · IBC'. The company is subject to measures such as 'GSM' and 'IBC'.

Data as of — price: 2026-07-29 · financials: Mar 25 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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