Debut Plus

₹98.26

■ +0 +0.00%

As of 07 Sept 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: 23Avg Vol 1W: 1,319Avg Vol 1M: 1,22052W Range:₹21.07₹98.26
BSE www.carnation.org.in AI Report
Key Ratios
Checked 2h ago
Market Cap₹34 Cr
Current Price₹98.26
Previous Close₹98.26
High / Low (52w)₹98.26 / ₹21.07
Volume23
Avg Vol (1W)1,319
Avg Vol (1M)1,220
Stock P/E—
Book Value₹4.34
Dividend Yield0%
ROE-8.79%
ROA-333.93%
Revenue (TTM)—
Revenue Growth—
Profit Margin-32.94%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0
P/B22.66
Debt / Equity4.39
50 DMA₹75.98
200 DMA—
Day change+0.00%
SurveillanceGSM · GSM 4
Price Chart
₹98.26▲ 344.21% · 1Y
₹98₹929K
2025-10-06
2026-09-07

20-day avg volume: 1K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 16% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 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
ROCE6.2%
Interest Coverage1
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-06-30

Promoter90%
FII0%
DII0%
Institutions0%
Public10%
Promoter Pledge0%
No. of Shareholders1,944
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters43.7%43.7%43.7%43.7%43.7%43.7%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%56.3%10%10%10%10%10%10%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,2682,2502,3292,3292,4252,4252,3522,3522,0722,0251,9821,944
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 Director2025
Mansi GuptaIndependent Non Exe. Director2025
Poonam DhingraIndependent Non Exe. Director2025
Sony KumariIndependent Non Exe. Director2025
Parul RaiCompany Sec. & Compli. Officer2025
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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