IPO Plus

₹103.05

■ +0 +0.00%

As of 26 Oct 2026 · delayed

BSE Listed

GSM · GSM 4
What does GSM · GSM 4 mean?
BSE · Graded Surveillance Measure (GSM 4)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).Exchange notice · 2026-06-09

Carnation Industries Ltd. (530609)

Volume: 200Avg Vol 1W: 689Avg Vol 1M: 1,05652W Range:₹32.64₹103.17
BSE www.carnation.org.in AI Report
Key Ratios
Checked 5h ago
Market Cap₹36 Cr
Current Price₹103.05
Previous Close₹103.05
High / Low (52w)₹103.17 / ₹32.64
Volume200
Avg Vol (1W)689
Avg Vol (1M)1,056
Stock P/E153.81
Book Value₹4.37
Dividend Yield0%
ROE15.29%
ROA134.74%
Revenue (TTM)—
Revenue Growth—
Profit Margin8.49%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0.67
P/B23.58
Debt / Equity4.39
50 DMA₹84.84
200 DMA—
Day change+0.00%
SurveillanceGSM · GSM 4
Price Chart
₹103.05▲ 200.70% · 1Y
₹103₹1329K
2025-11-03
2026-10-26

20-day avg volume: 998 shares

Pros
  • Healthy return on equity of 15.3%.
  • Company is almost debt-free.
Cons
  • Revenue fell 16% YoY.
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 154.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr₹1 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹1 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹1 Cr₹-1 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹10 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr₹0 Cr₹2 Cr₹2 Cr
EBITDA₹-4 Cr₹-2 Cr₹-2 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Net Profit₹-5 Cr₹0 Cr₹-8 Cr₹-1 Cr₹-1 Cr₹0 Cr₹1 Cr₹0 Cr
EPS-13.550.99-22.44-2.2-3.53-1.434.12-0.38
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹56 Cr₹28 Cr₹14 Cr₹2 Cr₹1 Cr₹1 Cr₹2 Cr₹17 Cr
Total Liabilities₹49 Cr₹21 Cr₹15 Cr₹3 Cr₹4 Cr₹4 Cr₹1 Cr₹15 Cr
Equity₹7 Cr₹7 Cr₹0 Cr₹-1 Cr₹-2 Cr₹-3 Cr₹2 Cr₹1 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-4 Cr₹-8 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr
Investing₹11 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹-13 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹13 Cr
Free Cash Flow₹-4 Cr₹-8 Cr₹0 Cr₹0 Cr₹-1 Cr₹-4 Cr
Shareholding
Promoter 89.98% Institutions 0% Public 10.02%
Efficiency & Working Capital
ROCE13%
Interest Coverage1
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-09-30

Promoter90%
FII0%
DII0%
Institutions0%
Public10%
Promoter Pledge0%
No. of Shareholders1,910
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters43.7%43.7%43.7%43.7%43.7%90%90%90%90%90%90%90%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public56.3%56.3%56.3%56.3%56.3%10%10%10%10%10%10%10%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,2502,3292,3292,4252,4252,3522,3522,0722,0251,9821,9441,910
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Vikas GargShareholding of Promoter and Promoter Group90%31,10,864
Sajal Kumar KunduPublic Shareholding1.3%44,376
Vikas Garg HufShareholding of Promoter and Promoter Group0%24
Board of Directors
NameDesignationYear
Bhawana GuptaExecutive Director2026
Poonam DhingraIndependent Director2026
Mansi GuptaIndependent Director2026
Sony KumariIndependent Director2026
SanjogCompany Sec. & Compli. Officer2026
Segments — Geography
RegionRevenueShare
North America₹19 Cr39.6%
Middle East₹12 Cr25.8%
Europe₹15 Cr32.2%
Australia₹1 Cr1.2%
Domestic₹1 Cr1.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹103533
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-30Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202600003030
2026000011
202600001415
Company Information
Incorporated1995
AuditorJain Saraogi & Co
🌐 www.carnation.org.in ↗

📍 28/1 Jheel Road Liluah, P O Salkia, Howrah, West Bengal, 711106

Technical AnalysisPremium

Technical analysis (Premium)

Log in to see RSI, MACD, moving averages, oscillators and pivot levels for this stock.

Log inSign up free

More stocks

Explicit Finance Ltd.Ekam Leasing And Finance Co Ltd.Swastika Investmart Ltd.Prima Plastics Ltd.TeleCanor Global Ltd.Jagsonpal Services LimitedSturdy Industries Ltd.Garg Furnace Ltd.Sampre Nutritions Ltd.Akar Auto Industries LimitedVipul Organics LimitedGoyal Associates Ltd.All “53” stocks →

Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search

Telegram App