TipHub

₹105

▲ +4.3 +4.27%

As of 09 Nov 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: 102Avg Vol 1W: 149Avg Vol 1M: 91852W Range:₹37.77₹105
BSE www.carnation.org.in AI Report
Key Ratios
Checked just now
Market Cap₹36 Cr
Current Price₹105
Previous Close₹100.7
High / Low (52w)₹105 / ₹37.77
Volume102
Avg Vol (1W)149
Avg Vol (1M)918
Stock P/E156.72
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/B24.02
Debt / Equity4.39
50 DMA₹86.98
200 DMA—
Day change+4.27%
SurveillanceGSM · GSM 4
Price Chart
₹105▲ 178.00% · 1Y
₹105₹1429K
2025-11-17
2026-11-09

20-day avg volume: 987 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 157.
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

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