Solid Stone Company Ltd
Incorporated in 1990, Solid Stone Company
Ltd is in the business of natural stones, building materials and allied building business activities.[1]
- Market Cap ₹ 15.3 Cr.
- Current Price ₹ 28.5
- High / Low ₹ 41.3 / 27.3
- Stock P/E 22.2
- Book Value ₹ 41.9
- Dividend Yield 0.00 %
- ROCE 7.78 %
- ROE 3.81 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.68 times its book value
- Debtor days have improved from 102 to 68.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.41% over past five years.
- Company has a low return on equity of 3.57% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48.39 | 55.78 | 58.42 | 66.09 | 61.36 | 41.17 | 36.55 | 17.23 | 24.32 | 30.79 | 24.02 | 27.68 | 28.13 | |
| 44.74 | 51.72 | 54.97 | 62.22 | 57.66 | 37.70 | 32.66 | 15.25 | 22.13 | 26.86 | 19.84 | 23.66 | 24.08 | |
| Operating Profit | 3.65 | 4.06 | 3.45 | 3.87 | 3.70 | 3.47 | 3.89 | 1.98 | 2.19 | 3.93 | 4.18 | 4.02 | 4.05 |
| OPM % | 7.54% | 7.28% | 5.91% | 5.86% | 6.03% | 8.43% | 10.64% | 11.49% | 9.00% | 12.76% | 17.40% | 14.52% | 14.40% |
| 0.07 | 1.87 | -0.02 | 0.03 | -0.09 | 0.22 | 0.15 | -0.01 | 0.03 | 0.12 | 0.06 | 0.12 | 0.12 | |
| Interest | 1.28 | 1.80 | 1.79 | 2.14 | 2.11 | 2.18 | 2.03 | 2.35 | 2.38 | 2.36 | 2.23 | 1.96 | 1.98 |
| Depreciation | 0.58 | 0.85 | 0.71 | 0.66 | 0.49 | 0.49 | 0.94 | 0.59 | 0.80 | 0.87 | 0.89 | 0.92 | 1.09 |
| Profit before tax | 1.86 | 3.28 | 0.93 | 1.10 | 1.01 | 1.02 | 1.07 | -0.97 | -0.96 | 0.82 | 1.12 | 1.26 | 1.10 |
| Tax % | 36.02% | 34.45% | 35.48% | 34.55% | 42.57% | 33.33% | 34.58% | -20.62% | -19.79% | 29.27% | 24.11% | 30.95% | |
| 1.19 | 2.15 | 0.59 | 0.71 | 0.59 | 0.68 | 0.70 | -0.77 | -0.77 | 0.58 | 0.85 | 0.87 | 0.69 | |
| EPS in Rs | 2.21 | 4.00 | 1.10 | 1.32 | 1.10 | 1.26 | 1.30 | -1.43 | -1.43 | 1.08 | 1.58 | 1.62 | 1.28 |
| Dividend Payout % | 27.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -5% |
| 3 Years: | 4% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 4% |
| 3 Years: | 46% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -15% |
| 3 Years: | -9% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 |
| Reserves | 10.88 | 13.03 | 13.62 | 14.34 | 14.93 | 15.61 | 16.34 | 15.59 | 14.88 | 15.45 | 16.28 | 17.03 | 17.15 |
| 12.56 | 13.06 | 13.78 | 16.27 | 16.61 | 15.89 | 16.99 | 18.62 | 21.05 | 20.28 | 18.05 | 19.15 | 19.54 | |
| 12.17 | 20.23 | 16.95 | 13.42 | 10.81 | 8.09 | 6.88 | 6.04 | 4.54 | 11.20 | 14.52 | 11.16 | 11.19 | |
| Total Liabilities | 40.99 | 51.70 | 49.73 | 49.41 | 47.73 | 44.97 | 45.59 | 45.63 | 45.85 | 52.31 | 54.23 | 52.72 | 53.26 |
| 2.58 | 3.42 | 2.62 | 1.92 | 1.78 | 1.32 | 2.08 | 1.21 | 2.66 | 2.21 | 1.38 | 3.71 | 3.95 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.11 | 1.11 | 1.11 | 1.11 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 |
| 37.30 | 47.17 | 46.00 | 46.38 | 45.00 | 42.70 | 42.56 | 43.47 | 42.24 | 49.15 | 51.90 | 48.06 | 48.36 | |
| Total Assets | 40.99 | 51.70 | 49.73 | 49.41 | 47.73 | 44.97 | 45.59 | 45.63 | 45.85 | 52.31 | 54.23 | 52.72 | 53.26 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 1.35 | 0.78 | -0.09 | 1.97 | 2.90 | 1.18 | 1.02 | 2.58 | 3.37 | 4.55 | 4.05 | |
| -0.89 | -0.02 | -0.03 | 0.00 | -0.19 | -0.03 | -0.26 | 0.00 | -0.05 | -0.42 | -0.07 | -1.14 | |
| 0.79 | -1.51 | -0.92 | 0.36 | -1.75 | -2.89 | -0.81 | -1.11 | -2.40 | -3.10 | -4.46 | -2.93 | |
| Net Cash Flow | -0.03 | -0.17 | -0.17 | 0.27 | 0.03 | -0.02 | 0.11 | -0.08 | 0.13 | -0.16 | 0.02 | -0.02 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43.30 | 65.37 | 68.16 | 66.60 | 105.47 | 137.33 | 167.37 | 254.63 | 176.65 | 133.96 | 103.33 | 68.57 |
| Inventory Days | 213.52 | 207.12 | 182.94 | 145.28 | 133.75 | 238.79 | 250.82 | 622.59 | 422.77 | 455.08 | 778.05 | 640.86 |
| Days Payable | 27.33 | 69.60 | 30.44 | 12.53 | 41.44 | 14.20 | 22.34 | 57.74 | 16.42 | 36.30 | 60.06 | 85.98 |
| Cash Conversion Cycle | 229.48 | 202.89 | 220.66 | 199.36 | 197.77 | 361.92 | 395.85 | 819.48 | 582.99 | 552.74 | 821.32 | 623.45 |
| Working Capital Days | 80.63 | 81.66 | 98.84 | 94.00 | 108.86 | 174.21 | 191.34 | 438.51 | 374.00 | 292.21 | 369.71 | 300.39 |
| ROCE % | 11.52% | 16.85% | 8.84% | 9.54% | 9.00% | 8.64% | 8.18% | 3.65% | 3.51% | 7.72% | 8.34% | 7.78% |
Documents
Announcements
- Submission Of Un-Audited Financial Results For Quarter And Half Year Ended 30.09.2025 14 Nov
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Board Meeting Intimation for Unaudited Financial Results Of The Company As Per Indas For The Quarter And Half Year Ended 30Th September, 2025.
4 Nov - Board meeting 14 Nov 2025 to approve unaudited Q2/H1 results (ended 30 Sep 2025); trading window closed until 16 Nov.
-
Closure of Trading Window
29 Sep - Trading window closed from 1 Oct 2025 until 48 hours after Q2/QH unaudited results for September 30, 2025.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 5 Sep
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
5 Sep - 35th AGM (5 Sep 2025): adopted FY2024-25 results; Ashar & Co. auditors appointed; director reappointed.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
a) SSCL is the flagship company of Solid Group and is engaged in the business of processing and trading of pre polished marbles, natural stones, mosaics, marble slabs
and semi-precious gem stones through its unit
located at Palghar.
b) Further, it does trade of marbles through its retail outlet namely Stone Source Select in Mumbai and sells under the brand name of Stone Source
c) The company deals in very special types of Marble having unique colours for which there
is a demand in overseas and domestic market.
d) Presently, it is one of the few companies which offer all natural stone products under one roof to the buyers.
e) It is also engaged in business of Semi Precious stone.
f) SSCL has other group company, Global Instile Solid Industries Limited which is engaged in the processing of marble.