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 ₹ 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 1.17 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 | 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: | -38% |
| 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 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.