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Carnation Industries Limited
Sector:Engineering Engineering - Forging/Casting
BSE:530609NSE:NABloomberg:CNI@INReuters:CARN.BO
Market Lot: 1Face Value: 10ISIN Demat: INE081B01010
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05-Dec-2013
Business Profile
Carnation Industries (CARNATIO) incorporated in the year 1982, started manufacturing in the mid-eighties. It runs grey iron foundries and ductile iron unit. The company was formerly known as Carnation Enterprises.

CARNATIO was formed for the purpose of manufacturing grey iron castings and to primarily cater to the export markets. The company began as a merchant exporter and subsequently in 1987 turned into manufacturer and exporter beginning with just one foundry and later on established another foundry.

The industry manufactures and exports its entire production to countries in the USA, UK, Mexico, Australia, Belgium, France and Germany.

Carnation Industries is country`s first conventional grey iron foundry to be certified ISO 9002 by KPMG (USA). Currently, it holds the BS EN ISO 9001:2000 certificate from BSI (UK), UL Certification from Underwriters Laboratories, USA.

The products of CARNATIO are of industrial and sanitary use for the construction companies, sewerage and drainage departments, pressure pipe industry, engineering and other industries.

Its factory is located at Liluah and Uluberia in Howrah district of West Bengal, with a capacity of 1,300 mt for grey iron foundry, 600 mt of ductile iron foundry and 700 mt of associate foundries.


Financials
The company announced rise of 314.71% in standalone net profit on y-o-y basis to Rs 1.41 million, while total income increased 12.03% y-o-y basis to Rs 284.49 million for the quarter ended March 2013.

Recent Developments
05-DEC-13
CRB Trustee A/C CRB Mutual Fund has sold 0.87% stake in Carnation Industries for Rs 0.36 million. It has sold 0.03 million shares at a price of Rs 12 a share.



Future Plans
The company diversified its activities in steel products, which has sufficient demand potential in UK and also expanded and modernized the production facility of its ductile plant at Uluberia.

In Brief

 
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