Karbonsteel Engineering (BSE: KARBON) had a P/E of 11.9× on 6 Nov 2026, below the industry P/E of 25.1×, and the shares are 51% below their 52-week high. Sales and net profit grew 25% and 27% a year over 3 years, with ROCE of 18% and ROE of 12%. Debt is 1.16× equity. It is listed on an SME platform with a market cap of ₹138 Cr, ranked 49th of 71 Metal Fabrication companies by market cap; the shares fell 47% over the past year.
- ₹96.50
- ₹97.90
- ₹92.60
- ₹98.16
- 50.4K
Health check
- ReturnsBehind
−46.7% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 11.9 vs industry 25.1.
- GrowthStrong
Sales +24.6%, profit +27.2% a year over 3 years.
- ProfitabilityAverage
ROCE 17.6% vs peer median 15.6%.
- Balance sheetFair
Debt 1.16× equity, interest covered 2.9×, Piotroski 6 of 9.
- Red flags3 to check
Quarterly profit down 53.2% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹138 Cr
- Small cap
- P/E
- 11.9
- Industry 25.1
- Price to book
- 1.20
- Peers 7.00
- Dividend yield
- 0.00%
- ROE
- 12.0%
- Peers 8.6%
- ROCE
- 17.6%
- Peers 15.6%
- Debt to equity
- 1.16
- Debt ₹133 Cr
- EPS (TTM)
- ₹8.22
- OPM (TTM)
- 7.6%
- Net margin 3.5%
- Sales growth
- −3.5%
- Latest quarter vs a year ago
- Profit growth
- −53.2%
- Latest quarter vs a year ago
- Price to sales
- 0.46
- EV/EBITDA 7.6
Strengths and risks
Strengths
- P/E of 11.9 against an industry P/E of 25.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 53.2% on a year ago.
- Quarterly sales down 3.5% on a year ago.
- 51% below its 52-week high.
About Karbonsteel Engineering
Karbonsteel Engineering Limited engages in the design, manufacture, fabrication, and assembly of heavy and precision steel structures for industrial and infrastructure sectors in India. The company provides structural engineering and fabrication solutions in various sectors, including steel plants, railway bridges, oil and gas plants, refineries, chemical plants and other industrial units. It manufactures heavy steel fabricated structures, precision and…
- Headquarters
- Mumbai
- Sector
- Industrials
- ISIN
- INE0V8A01016
- Website
- karbonsteel.com
Price range
- Avg volume (3M)
- 22.9K
- 1-year return
- minus 46.7%
- From 52-week high
- minus 50.9%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| KARBONKarbonsteel Engineering | 97.90 | minus 0.26% | 138 | 11.9 | 1.20 | 17.6% | 12.0% | 7.6% | 24.6% | 27.2% | 0.00% | minus 46.7% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +24.6%
- Profit CAGR 3Y
- +27.2%
- ROE
- 12.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 156 | 218 | 273 | 301 | |
| – | +40.3% | +25.1% | +10.2% | |
| 142 | 196 | 242 | 275 | |
| 14 | 21.9 | 30.9 | 26 | |
| 9.0% | 10.0% | 11.3% | 8.6% | |
| 0 | 1.7 | 0 | 1.7 | |
| 5.4 | 6.8 | 8.7 | 7.8 | |
| 1.7 | 2.4 | 3.1 | 3.6 | |
| – | −1.7 | – | −1.7 | |
| 6.8 | 12.7 | 19.1 | 14.5 | |
| 25.0% | 25.7% | 25.9% | 27.8% | |
| 5.1 | 9.4 | 14.2 | 10.5 | |
| – | +84.5% | +50.2% | minus 25.8% | |
| 3.61 | 6.66 | 10.01 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 5.4 | 11.1 | 14.1 | |
| 23.7 | 38.4 | 49.3 | 101 | |
| 48.5 | 59.8 | 78.6 | 60.1 | |
| 66.5 | 72.5 | 93.8 | 82.2 | |
| 144 | 176 | 233 | 257 | |
| 19.1 | 27.5 | 36.7 | 61.9 | |
| 0.9 | 0.9 | 0.9 | 23.5 | |
| 0 | 0.6 | 0.5 | 0.9 | |
| 124 | 147 | 195 | 171 | |
| 144 | 176 | 233 | 257 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.5 | 6.4 | 9.1 | 22.9 | |
| −4.9 | −16.2 | −10.6 | −38.6 | |
| −0.2 | 5.8 | 1.4 | 12.5 | |
| 8.4 | −4 | −0.1 | −3.3 | |
| −4.5 | −10.7 | −12.4 | −33.3 | |
| 9 | −4.4 | −3.3 | −10.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.