Esprit Stones Ltd
Founded in 2016, Esprit Stones Limited manufactures engineered quartz and marble surfaces.[1]
- Market Cap ₹ 155 Cr.
- Current Price ₹ 70.5
- High / Low ₹ 127 / 52.0
- Stock P/E
- Book Value ₹ 55.7
- Dividend Yield 0.00 %
- ROCE -2.77 %
- ROE -4.75 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.65% over past five years.
- Company has a low return on equity of 4.35% over last 3 years.
- Contingent liabilities of Rs.53.9 Cr.
- Earnings include an other income of Rs.8.48 Cr.
- Debtor days have increased from 100 to 148 days.
- Working capital days have increased from 39.2 days to 82.2 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 117 | 144 | 186 | 131 | 160 | 193 | 126 | |
| 97 | 116 | 157 | 120 | 142 | 179 | 131 | |
| Operating Profit | 20 | 28 | 30 | 12 | 18 | 14 | -5 |
| OPM % | 17% | 19% | 16% | 9% | 11% | 7% | -4% |
| 3 | 2 | 4 | 2 | 5 | 6 | 8 | |
| Interest | 3 | 3 | 3 | 4 | 4 | 3 | 3 |
| Depreciation | 5 | 5 | 6 | 5 | 6 | 6 | 7 |
| Profit before tax | 15 | 22 | 24 | 5 | 14 | 11 | -7 |
| Tax % | 30% | 29% | 22% | 27% | 26% | 27% | -28% |
| 10 | 15 | 19 | 4 | 10 | 8 | -5 | |
| EPS in Rs | 109.68 | 162.84 | 19.69 | 3.85 | 6.37 | 3.81 | -2.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -1% |
| TTM: | -35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -171% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 4% |
| Last Year: | -5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 16 | 22 | 22 |
| Reserves | 15 | 31 | 50 | 53 | 57 | 105 | 100 |
| 32 | 49 | 47 | 56 | 44 | 36 | 40 | |
| 45 | 51 | 56 | 37 | 44 | 59 | 38 | |
| Total Liabilities | 102 | 141 | 163 | 156 | 161 | 221 | 200 |
| 47 | 61 | 66 | 65 | 61 | 67 | 64 | |
| CWIP | 4 | 7 | 1 | 0 | 3 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 19 | 19 |
| 51 | 72 | 95 | 91 | 97 | 134 | 117 | |
| Total Assets | 102 | 141 | 163 | 156 | 161 | 221 | 200 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 32 | 5 | 21 | -13 | 26 | -1 | -8 | |
| -15 | -18 | -17 | 9 | -10 | -33 | 7 | |
| -17 | 14 | -5 | 5 | -16 | 34 | 1 | |
| Net Cash Flow | -0 | 1 | -0 | 1 | -1 | 0 | -0 |
| Free Cash Flow | 21 | -14 | 9 | -18 | 21 | -10 | -11 |
| CFO/OP | 169% | 40% | 93% | -105% | 147% | 28% | 132% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 40 | 49 | 73 | 62 | 92 | 148 |
| Inventory Days | 60 | 107 | 128 | 182 | 161 | 143 | 154 |
| Days Payable | 88 | 109 | 120 | 130 | 136 | 149 | 125 |
| Cash Conversion Cycle | 6 | 38 | 56 | 126 | 87 | 86 | 176 |
| Working Capital Days | -64 | -35 | -3 | 6 | -1 | 36 | 82 |
| ROCE % | 34% | 28% | 8% | 15% | 10% | -3% |
Insights
In beta| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Gross Current Assets (GCA) Days Days |
|
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| Installed Capacity - Engineered Marble Lakhs sq. ft. p.a. |
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| Installed Capacity - Engineered Quartz Lakhs sq. ft. p.a. |
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| Capacity Utilization - Polyester Resin % |
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| Domestic Presence (States Covered) Count |
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| Installed Capacity - Polyester Resin Metric Tonnes p.a. |
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| Total Monthly Average Workforce Count |
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| Capacity Utilization - Engineered Marble % |
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| Number of Independent Distributors Count |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
16 May 2026 - Board approved FY26 audited standalone/consolidated results; auditor issued unmodified opinion; appointed internal auditor.
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Integrated Filing- Financial
16 May 2026 - Board approved FY26 audited standalone and consolidated results, unmodified audit opinion, and appointed internal auditor.
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Appointment
16 May 2026 - Esprit Stones appointed M/s Pallavi Mehta and Associates as internal auditor for FY2026-27.
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Capacity addition
11 May 2026 - Board approved ₹35 crore investment for new pressing line, adding 5,000 slabs monthly by Mar 2027.
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Updates
6 May 2026 - Esprit Stones declares Regulation 24A annual secretarial compliance report is not applicable on SME exchange.
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.