Carnation Industries Ltd vs Ganga Forging Ltd Stock Comparison

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Last Updated on: May 14, 2026

Key Highlights

The Latest Trading Price of Carnation Industries Ltd is ₹ 88.6 as of 11 May 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 Ganga Forging Ltd changed from 179.2 on March 2021 to 85.6 on March 2025 . This represents a CAGR of -13.74% over 5 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 Ganga Forging Ltd changed from ₹ 455.65 crore on March 2021 to ₹ 57.7 crore on March 2025 . This represents a CAGR of -33.85% over 5 years The revenue of Carnation Industries Ltd for the Mar '26 is ₹ 1.73 crore as compare to the Dec '25 revenue of ₹ 0.24 crore. This represent the growth of 620.83% The revenue of Ganga Forging Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 revenue of ₹ 9 crore. This represent the decline of -100% The ebitda of Carnation Industries Ltd for the Mar '26 is ₹ 1.22 crore as compare to the Dec '25 ebitda of ₹ 0.03 crore. This represent the growth of 3966% The ebitda of Ganga Forging Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 ebitda of ₹ 0.52 crore. This represent the decline of -100% The net profit of Carnation Industries Ltd changed from ₹ 2.25 crore to ₹ 0.76 crore over 8 quarters. This represents a CAGR of -41.88% The net profit of Ganga Forging Ltd changed from ₹ 0.29 crore to ₹ 0 crore over 8 quarters. This represents a CAGR of -100.00% 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 Ganga Forging 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. Initially, the Company was engaged in the manufacture of foundry based engineering goods namely Castings having plants in West Bengal.
The Company's products include ductile and grey iron sanitary castings, such as manholes, catch basins frames and grates; ductile and grey iron valve boxes, meter boxes, surface boxes, service boxes and step iron; ductile and grey iron gulley gratings, syphones and hydrants; ductile iron railway castings; ductile iron M J fittings, push on fittings, related products; ductile iron glands, flanges, anchor flanges and brackets; accessories for fittings; ductile iron industrial and auto casting; marine items, such as mushroom anchors, naval anchors and river anchors; counter weights for fork lifts, and MS, SS bolts, rubber gaskets, GRP plates, brass fittings and industrial leather gloves.

About Ganga Forging Ltd

Ganga Forging Limited was originally incorporated as 'Ganga Forgoing Private Limited' at Ahmedabad, as a Private limited company dated December 29, 1988.
Subsequently, Company converted into a Public limited company and the name was changed to 'Ganga Forging Limited' on October 30, 2017 vide Fresh Certificate of Incorporation obtained from Registrar of Companies, Ahmedabad. The Company was started by Mr. Hiralal Tilva and Late Mr. Chhaganlal Patel.
Later on, Mr. Rakesh Chhaganlal Patel joined the board of the Company and under their guidance the company has expanded its sales and operations.
The Company doesn't markets these products in own brand name.
Further, The Company sells these product as a semi-finished product to the supplier who further grinds the product. In July, 2018 the Company came up with a Public Issue of 23,82,000 Equity Shares by raising equity capital aggregating Rs 5.

FAQs for the comparison of Carnation Industries Ltd and Ganga Forging Ltd

Which company has a larger market capitalization, Carnation Industries Ltd or Ganga Forging Ltd?

Market cap of Carnation Industries Ltd is 30 Cr while Market cap of Ganga Forging Ltd is 33 Cr

What are the key factors driving the stock performance of Carnation Industries Ltd and Ganga Forging Ltd?

The stock performance of Carnation Industries Ltd and Ganga Forging 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 Ganga Forging Ltd?

As of May 14, 2026, the Carnation Industries Ltd stock price is INR ₹88.6. On the other hand, Ganga Forging Ltd stock price is INR ₹2.46.

How do dividend payouts of Carnation Industries Ltd and Ganga Forging Ltd compare?

To compare the dividend payouts of Carnation Industries Ltd and Ganga Forging 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.