What Carnation Industries does

Carnation Industries Ltd is an India-domiciled, BSE-listed public company (ticker: bom:CARNATIN) that manufactures ductile and grey cast iron components for the automotive sector. The firm is headquartered in Kolkata, was founded in 1982, and operates with a very small headcount of 1-10 employees according to available disclosures. The company's principal line of business is supplying iron castings used by automotive customers, and it generates revenue through product sales, with quarterly sales of Rs 1.70 crore reported for Q4 FY2026 (quarter ended March 2026) after a period of zero sales the prior year. Standalone profitability showed a quarterly turnaround in Q4 FY2026 to a Rs 0.76 crore net profit from a Rs 0.49 crore loss a year earlier, although the full-year FY2026 result slipped into a Rs 0.13 crore net loss against an FY2025 net profit of Rs 1.42 crore.

No proprietary technology, patents, certifications, customer logos, segment splits, or partnerships are disclosed in the available source material. The company's corporate website (carnationindustries.com) currently displays third-party gambling-related content rather than manufacturing content, indicating that the company has minimal or no active digital presence for sales or investor communications. Carnation Industries remains operating and continues to satisfy BSE quarterly disclosure obligations, but the absolute scale, absence of disclosed customers, and lack of differentiated product or technology information make the business difficult to evaluate against peers.

Business model is straightforward product/sales revenue tied to cast iron component volumes to automotive sector customers; no pricing model details, channel partners, or recurring revenue mechanics are disclosed. The company has no subsidiaries, no parent entity, no disclosed funding activity (consistent with its public-listed status), and no M&A, leadership change, or product launch events on record in the source data.

Name

Carnation Industries

Legal name

Carnation Industries Ltd

Website

https://carnationindustries.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Short description

Carnation Industries Ltd is a BSE-listed, Kolkata-based manufacturer of ductile and grey cast iron components for the automotive sector, operating with 1-10 employees and reporting quarterly sales of Rs 1.70 crore in Q4 FY2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Product/Sales Revenue: Carnation Industries generates revenue through product sales, evidenced by quarterly sales of Rs 1.70 crore for Q4 FY2026 (vs zero sales a year earlier), indicating a return to sales operations after a period of no revenue from sales.

Distribution channels1 record

Core offering

Carnation Industries manufactures ductile and grey cast iron components for the automotive sector. The company operates as an iron foundry producing cast iron parts used as components in the automotive industry. Revenue is generated through product sales, with quarterly sales of Rs 1.70 crore reported for Q4 FY2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Ductile Cast Iron Components Ductile cast iron components manufactured for use in the automotive sector as inputs for vehicle and automotive part production.
• Grey Cast Iron Components Grey cast iron components manufactured for use in the automotive sector as inputs for vehicle and automotive part production.

Quantifiable outcome

• Turnaround from net loss of Rs 0.49 crore to net profit of Rs 0.76 crore in quarterly performance

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves2 records

Expansion highlights1 record

Direct peers

• Endurance Technologies: Indian manufacturer of automotive components including aluminium castings, suspension, and transmission parts. Comparable as a tier-1 automotive components producer in India with foundry operations, directly relevant to Carnation's iron castings niche.
• Sundaram Fasteners: TVS Group company producing automotive fasteners, sintered and powder metallurgy components, and iron castings. Comparable as a domestic Indian supplier serving automotive OEMs with metallic component manufacturing.
• Rico Auto Industries: Indian automotive components manufacturer producing aluminium and ferrous castings, machined components, and assemblies for OEMs. Directly comparable as a domestic Indian auto castings and components peer competing for similar OEM programs.
• Suprajit Engineering: Indian automotive component manufacturer with exposure to iron and non-ferrous castings and assemblies for two-wheeler and four-wheeler OEMs. Comparable as an Indian-listed mid-cap automotive components company with foundry-adjacent capabilities.
• Bharat Forge: India's largest automotive and industrial forging/castings supplier. Highly comparable as it produces ferrous and non-ferrous cast and forged components for automotive OEMs, serving the same end market as Carnation but at vastly greater scale.

Broad incumbents

• Steel Authority of India Limited (SAIL): India's largest state-owned steel producer with extensive iron and steel casting capabilities for industrial and automotive end-uses. Comparable as a broad ferrous-metals incumbent whose casting offerings overlap with Carnation's niche.
• Tata Steel: India's largest steel producer, also producing iron castings and automotive-grade steel through downstream operations. Comparable as a broad incumbent supplying ferrous raw materials and cast products into the Indian automotive supply chain.
• JSW Steel: Major Indian steel producer with downstream castings and value-added steel products for automotive applications. Comparable as a broad incumbent in ferrous metals whose downstream automotive offerings compete in similar channels.
• Motherson Sumi Systems: One of India's largest automotive component manufacturers with a global footprint across wiring harnesses, modules, and metal components. Comparable as a broad Indian automotive components incumbent whose portfolio overlaps with Carnation's metallic components space.
• Bosch India: Subsidiary of Bosch supplying automotive components and systems in India, including metallic precision components and assemblies. Comparable as a broad automotive components incumbent with adjacent iron-component manufacturing capabilities.

Market position

Strengths2 records

Weaknesses4 records

Competitive moat1 record

Key risks5 records

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carnation Industries