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 20.7
- Book Value ₹ 60.0
- Dividend Yield 0.00 %
- ROCE 13.9 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.08 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.7% 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Granites & Marbles
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 117 | 144 | 186 | 174 | 273 | 321 | 260 | |
| 97 | 116 | 157 | 157 | 242 | 284 | 239 | |
| Operating Profit | 20 | 28 | 30 | 17 | 31 | 37 | 21 |
| OPM % | 17% | 19% | 16% | 10% | 11% | 12% | 8% |
| 3 | 2 | 4 | 2 | 2 | 2 | 4 | |
| Interest | 3 | 3 | 3 | 6 | 10 | 8 | 7 |
| Depreciation | 5 | 5 | 6 | 7 | 9 | 10 | 10 |
| Profit before tax | 15 | 22 | 24 | 5 | 14 | 22 | 8 |
| Tax % | 30% | 29% | 22% | 33% | 27% | 22% | |
| 10 | 15 | 19 | 4 | 10 | 17 | 7 | |
| EPS in Rs | 109.68 | 162.84 | 19.48 | 3.61 | 6.29 | 7.14 | 3.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 20% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -5% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 13% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 49 | 53 | 56 | 111 | 110 |
| 32 | 49 | 58 | 119 | 125 | 98 | 59 | |
| 45 | 52 | 64 | 57 | 77 | 78 | 49 | |
| Total Liabilities | 102 | 141 | 181 | 238 | 275 | 310 | 239 |
| 47 | 61 | 66 | 117 | 110 | 120 | 108 | |
| CWIP | 4 | 7 | 22 | 0 | 8 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 51 | 72 | 92 | 121 | 157 | 189 | 130 | |
| Total Assets | 102 | 141 | 181 | 238 | 275 | 310 | 239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 32 | 5 | 20 | -29 | 14 | 7 | |
| -15 | -19 | -25 | -26 | -11 | -13 | |
| -17 | 14 | 6 | 54 | -3 | 10 | |
| Net Cash Flow | -0 | 1 | 1 | -1 | -0 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 34 | 40 | 49 | 87 | 97 | 106 |
| Inventory Days | 60 | 107 | 128 | 197 | 135 | 130 |
| Days Payable | 88 | 191 | 158 | 143 | 112 | 112 |
| Cash Conversion Cycle | 6 | -43 | 19 | 141 | 120 | 124 |
| Working Capital Days | -64 | -36 | -37 | 1 | 5 | 41 |
| ROCE % | 34% | 26% | 8% | 13% | 14% |
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.