Carnation Industries
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Carnation Industries said one of its promoters, Mr. Vikas Garg, was taken into custody by the Enforcement Directorate on July 14, 2026, under the Prevention of Money Laundering Act. The disclosure follows earlier ED proceedings involving certain foreign entities and SEBI-registered FPIs, including a provisional attachment order previously disclosed by the company. The company stated it is evaluating the situation with legal advisors and that there is no material impact on its business operations, which continue as usual. It added that further disclosures will be made as required by law.
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Carnation Industries said one of its promoters, Mr. Vikas Garg, was taken into custody by the Enforcement Directorate on July 14, 2026, under the Prevention of Money Laundering Act. The disclosure follows earlier ED proceedings involving certain foreign entities and SEBI-registered FPIs, including a provisional attachment order previously disclosed by the company. The company stated it is evaluating the situation with legal advisors and that there is no material impact on its business operations, which continue as usual. It added that further disclosures will be made as required by law.
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May 26 (Reuters) - Carnation Industries Ltd CARN.BO:
APPROVES RIGHTS ISSUE OF EQUITY SHARES FOR UP TO 500 MILLION RUPEES
Source text: ID:nBSESXrR1
Further company coverage: CARN.BO
(([email protected];))
May 26 (Reuters) - Carnation Industries Ltd CARN.BO:
APPROVES RIGHTS ISSUE OF EQUITY SHARES FOR UP TO 500 MILLION RUPEES
Source text: ID:nBSESXrR1
Further company coverage: CARN.BO
(([email protected];))
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What does Carnation Industries do?
Carnation Industries Ltd, formerly merchant exporters, now manufactures a wide range of products including ductile and grey iron sanitary castings, valve boxes, railway castings, industrial parts, marine items, and accessories.
Who are the competitors of Carnation Industries?
Carnation Industries major competitors are Welcast Steels, Shayona Engineering, Hindustan Udyog, Swastika Castal, Universal Auto Found, Creative Castings, Super Iron Foundry. Market Cap of Carnation Industries is ₹32 Crs. While the median market cap of its peers are ₹62 Crs.
Is Carnation Industries financially stable compared to its competitors?
Carnation Industries seems to be less financially stable compared to its competitors. Altman Z score of Carnation Industries is 1.47 and is ranked 7 out of its 8 competitors.
Does Carnation Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Carnation Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Carnation Industries allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Carnation Industries balance sheet?
Carnation Industries balance sheet is weak and might have solvency issues
Is the profitablity of Carnation Industries improving?
Yes, profit is increasing. The profit of Carnation Industries is ₹1.42 Crs for Mar 2025, -₹0.49 Crs for Mar 2024 and -₹1.22 Crs for Mar 2023
Is the debt of Carnation Industries increasing or decreasing?
Yes, The net debt of Carnation Industries is increasing. Latest net debt of Carnation Industries is ₹13.44 Crs as of Mar-26. This is greater than Mar-25 when it was -₹1.73 Crs.
Is Carnation Industries stock expensive?
There is insufficient historical data to gauge this. Latest PE of Carnation Industries is 0
Has the share price of Carnation Industries grown faster than its competition?
Carnation Industries has given better returns compared to its competitors. Carnation Industries has grown at ~302.98% over the last 1yrs while peers have grown at a median rate of -22.07%
Is the promoter bullish about Carnation Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Carnation Industries is 89.98% and last quarter promoter holding is 89.98%.
Are mutual funds buying/selling Carnation Industries?
There is Insufficient data to gauge this.