Esprit Stones Ltd
Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces.[1]
- Market Cap ₹ 143 Cr.
- Current Price ₹ 65.0
- High / Low ₹ 159 / 64.0
- Stock P/E 7,132
- Book Value ₹ 56.8
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 8.36 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.14 times its book value
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 10.5% over past five years.
- Company has a low return on equity of 9.75% over last 3 years.
- Contingent liabilities of Rs.53.9 Cr.
- Earnings include an other income of Rs.8.74 Cr.
- Debtor days have increased from 75.8 to 92.1 days.
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Granites & Marbles
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 117 | 144 | 186 | 131 | 160 | 193 | 168 | |
| 97 | 116 | 157 | 120 | 142 | 179 | 165 | |
| Operating Profit | 20 | 28 | 30 | 12 | 18 | 14 | 2 |
| OPM % | 17% | 19% | 16% | 9% | 11% | 7% | 1% |
| 3 | 2 | 4 | 2 | 5 | 6 | 9 | |
| Interest | 3 | 3 | 3 | 4 | 4 | 3 | 3 |
| Depreciation | 5 | 5 | 6 | 5 | 6 | 6 | 6 |
| Profit before tax | 15 | 22 | 24 | 5 | 14 | 11 | 1 |
| Tax % | 30% | 29% | 22% | 27% | 26% | 27% | |
| 10 | 15 | 19 | 4 | 10 | 8 | 1 | |
| EPS in Rs | 109.68 | 162.84 | 19.69 | 3.85 | 6.37 | 3.81 | 0.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 1% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -24% |
| TTM: | -100% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 10% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 16 | 22 | 22 |
| Reserves | 15 | 31 | 50 | 53 | 57 | 105 | 103 |
| 32 | 49 | 47 | 56 | 44 | 36 | 42 | |
| 45 | 51 | 56 | 37 | 44 | 59 | 41 | |
| Total Liabilities | 102 | 141 | 163 | 156 | 161 | 221 | 208 |
| 47 | 61 | 66 | 65 | 61 | 67 | 67 | |
| CWIP | 4 | 7 | 1 | 0 | 3 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 19 | 19 |
| 51 | 72 | 95 | 91 | 97 | 134 | 122 | |
| Total Assets | 102 | 141 | 163 | 156 | 161 | 221 | 208 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 32 | 5 | 21 | -13 | 26 | -1 | |
| -15 | -18 | -17 | 9 | -10 | -33 | |
| -17 | 14 | -5 | 5 | -16 | 34 | |
| Net Cash Flow | -0 | 1 | -0 | 1 | -1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 34 | 40 | 49 | 73 | 62 | 92 |
| Inventory Days | 60 | 107 | 128 | 182 | 161 | 143 |
| Days Payable | 88 | 109 | 120 | 130 | 136 | 149 |
| Cash Conversion Cycle | 6 | 38 | 56 | 126 | 87 | 86 |
| Working Capital Days | -64 | -35 | -3 | 6 | -1 | 36 |
| ROCE % | 34% | 28% | 8% | 15% | 10% |
Documents
Announcements
-
Outcome of Board Meeting
14 November 2025 - Board approved H1 FY26 results; disposed Addwaya for INR 120.87 lakh; corporate guarantee INR 1,450 lakh outstanding.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 October 2025 - ESPRIT confirms Regulation 15 corporate governance non-applicability for quarter ended 30 Sep 2025 (SME listed).
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 October 2025 - RTA confirms all securities dematerialized; no corporate action requests for quarter ended 30 Sep 2025.
-
General Updates
30 September 2025 - Esprit sold 51% of Addwaya Chemicals on 30 Sep 2025 for Rs.1,20,87,000; buyer promoter-related.
-
Change in Management
27 September 2025 - Members approved M/s. Ronak Jhuthawat & Co. as secretarial auditors for FY2025-26 to FY2029-30 on 27 Sep 2025.
Business Profile[1] Co. manufactures engineered quartz surfaces and, through its subsidiary HSPL, produces engineered marble surfaces. They are a leading player in the engineered stones market in India.