Carnation Industries Ltd vs El Forge Ltd Stock Comparison

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Last Updated on: May 03, 2026

Key Highlights

The Latest Trading Price of Carnation Industries Ltd is ₹ 88.6 as of 27 Apr 15:30 . The P/E Ratio of Carnation Industries Ltd changed from 0 on March 2021 to 0 on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe P/E Ratio of EL Forge Ltd changed from 0.4 on March 2024 to 17.8 on March 2025 . This represents a CAGR of 567.08% over 2 years The Market Cap of Carnation Industries Ltd changed from ₹ 1.39 crore on March 2021 to ₹ 0 crore on March 2025 . This represents a CAGR of -100.00% over 5 yearsThe Market Cap of EL Forge Ltd changed from ₹ 13.58 crore on March 2023 to ₹ 40.89 crore on March 2025 . This represents a CAGR of 44.40% over 3 years The revenue of Carnation Industries Ltd for the Dec '25 is ₹ 0.24 crore as compare to the Sep '25 revenue of ₹ 0 crore. This represent the growth of 9.2233718E16% The revenue of EL Forge Ltd for the Dec '25 is ₹ 20.23 crore as compare to the Sep '25 revenue of ₹ 17.23 crore. This represent the growth of 17.41% The ebitda of Carnation Industries Ltd for the Dec '25 is ₹ 0.03 crore as compare to the Sep '25 ebitda of ₹ -0.21 crore. This represent the decline of -114% The ebitda of EL Forge Ltd for the Dec '25 is ₹ 0.91 crore as compare to the Sep '25 ebitda of ₹ 0.87 crore. This represent the growth of 4.6% The net profit of Carnation Industries Ltd changed from ₹ 2.25 crore to ₹ -0.54 crore over 7 quarters. This represents a CAGR of NaN% The net profit of EL Forge Ltd changed from ₹ 0.46 crore to ₹ 0.51 crore over 7 quarters. This represents a CAGR of 6.07% The Dividend Payout of Carnation Industries Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Dividend Payout of EL Forge Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

About Carnation Industries Ltd

Initiated in 1982, as Carnation Enterprise Pvt.
Ltd, the Company has come to be known as Carnation Industries Limited in 1994.
The Company initially started off as a merchant exporter firm and made a gradual shift into manufacturing by the mid-eighties and today has three Grey Iron foundries and one Ductile Iron unit in West Bengal.
Apart from being certified by SGS (India) Ltd for systems approval & specific product approvals, Carnation is also India's first Conventional Grey Iron foundry to be certified ISO 9002:1994 by KPMG (USA).
Currently it holds the BS EN ISO 9001:2000 certificate from BSI (UK).

About EL Forge Ltd

EL Forge Ltd (the earlier name was Ellore Electric Supply Company Limited) incorporated during 1934, and started its forging operations during 1963.
The Company is engaged in the business of manufacturing Rough Steel Forgings i.e., fuel injection forgings, steering rods, tie rods, engine and gear boxes, starter items etc. for automobile industry.
The Company exports its products to the US, Germany, Sri Lanka, China, Malaysia, etc.
It has a manufacturing unit at Appur Village, near Chennai.
The present installed capacity of forgings is 12000 TPA. The Company became the largest manufacturer of forgins in South India after the merger of Chendur Forge Export, a company in the same line of business with the company(with effective from April 1, 1995).

FAQs for the comparison of Carnation Industries Ltd and EL Forge Ltd

Which company has a larger market capitalization, Carnation Industries Ltd or EL Forge Ltd?

Market cap of Carnation Industries Ltd is 30 Cr while Market cap of EL Forge Ltd is 31 Cr

What are the key factors driving the stock performance of Carnation Industries Ltd and EL Forge Ltd?

The stock performance of Carnation Industries Ltd and EL Forge Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Carnation Industries Ltd and EL Forge Ltd?

As of May 3, 2026, the Carnation Industries Ltd stock price is INR ₹88.6. On the other hand, EL Forge Ltd stock price is INR ₹15.35.

How do dividend payouts of Carnation Industries Ltd and EL Forge Ltd compare?

To compare the dividend payouts of Carnation Industries Ltd and EL Forge Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.