Esprit Stones Ltd
Incorporated in 2016, Esprit Stones Ltd manufactures & exports engineered stones and sells Unsaturated Polyester
Resin.[1]
- Market Cap ₹ 138 Cr.
- Current Price ₹ 63.0
- High / Low ₹ 94.5 / 52.0
- Stock P/E
- Book Value ₹ 60.1
- Dividend Yield 0.00 %
- ROCE -0.25 %
- ROE -2.20 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.05 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.66% over past five years.
- Company has a low return on equity of 7.56% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.96 Cr.
- Working capital days have increased from 40.3 days to 75.0 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 117 | 144 | 186 | 174 | 273 | 321 | 173 | |
| 97 | 116 | 157 | 157 | 242 | 284 | 167 | |
| Operating Profit | 20 | 28 | 30 | 17 | 31 | 37 | 6 |
| OPM % | 17% | 19% | 16% | 10% | 11% | 12% | 3.3% |
| 3 | 2 | 4 | 2 | 2 | 2 | 4 | |
| Interest | 3 | 3 | 3 | 6 | 10 | 8 | 5 |
| Depreciation | 5 | 5 | 6 | 7 | 9 | 10 | 10 |
| Profit before tax | 15 | 22 | 24 | 5 | 14 | 22 | -5 |
| Tax % | 30% | 29% | 22% | 33% | 27% | 22% | -22% |
| 10 | 15 | 19 | 4 | 10 | 17 | -4 | |
| EPS in Rs | 109.68 | 162.84 | 19.48 | 3.61 | 6.29 | 7.14 | -1.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 0% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -119% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 8% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 49 | 53 | 56 | 111 | 110 |
| 32 | 49 | 58 | 119 | 125 | 98 | 51 | |
| 45 | 52 | 64 | 57 | 77 | 78 | 56 | |
| Total Liabilities | 102 | 141 | 181 | 238 | 275 | 310 | 240 |
| 47 | 61 | 66 | 117 | 110 | 120 | 105 | |
| CWIP | 4 | 7 | 22 | 0 | 8 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 51 | 72 | 92 | 121 | 157 | 189 | 134 | |
| Total Assets | 102 | 141 | 181 | 238 | 275 | 310 | 240 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 32 | 5 | 20 | -29 | 14 | 7 | 12 | |
| -15 | -19 | -25 | -26 | -11 | -13 | -4 | |
| -17 | 14 | 6 | 54 | -3 | 10 | -11 | |
| Net Cash Flow | -0 | 1 | 1 | -1 | -0 | 3 | -3 |
| Free Cash Flow | 21 | -15 | -11 | -65 | 4 | -6 | 7 |
| CFO/OP | 169% | 40% | 90% | -158% | 49% | 34% | 228% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 40 | 49 | 87 | 97 | 106 | 110 |
| Inventory Days | 60 | 107 | 128 | 197 | 135 | 130 | 239 |
| Days Payable | 88 | 191 | 158 | 143 | 112 | 112 | 134 |
| Cash Conversion Cycle | 6 | -43 | 19 | 141 | 120 | 124 | 215 |
| Working Capital Days | -64 | -36 | -37 | 1 | 5 | 41 | 75 |
| ROCE % | 34% | 26% | 8% | 13% | 14% | -0% |
Insights
In beta| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Quartz Slabs Installed Capacity lakhs sq.ft./annum |
|
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| Export Revenue Share % of total revenue |
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| Marble Slabs Installed Capacity lakhs sq.ft./annum |
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| Number of Quartz Pressing Lines count |
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| Polyester Resin Installed Capacity metric tonnes/annum |
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| USA Share of Total Exports % of total exports |
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| Number of Domestic States Covered count |
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| Polyester Resin Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
-
General Updates
- Cut-off date for 10th AGM voting eligibility is 23 September 2026; AGM on 30 September 2026.
-
Shareholders meeting
- FY 2025-26 annual report and AGM on September 30, 2026; revenue fell to ₹172.53 crore, net loss ₹3.86 crore.
-
Appointment
- Board approved re-appointment of A Bafna & Co. as statutory auditor for five years from 10th AGM.
-
Outcome of Board Meeting
- Board approved 10th AGM, auditor reappointment for 5 years, remuneration proposals, and IPO proceeds reallocation subject to approval.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Esprit Stones confirms corporate governance report not applicable for quarter ended 30 June 2026.
Business Overview:[1][2]
ESL, part of the Lunawath and Gattani families, manufactures engineered quartz and marble surfaces, positioned as premium alternatives to natural marble and granite. It also produces key raw materials such as quartz grit and unsaturated polyester resin (UPR). Its subsidiary sells UPR in the open market.