Esprit Stones Ltd
Incorporated in 2016, Esprit Stones Ltd manufactures & exports engineered stones and sells Unsaturated Polyester
Resin.[1]
- Market Cap ₹ 131 Cr.
- Current Price ₹ 59.6
- High / Low ₹ 94.5 / 51.1
- Stock P/E
- Book Value ₹ 60.1
- Dividend Yield 0.00 %
- ROCE -0.25 %
- ROE -2.29 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.99 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 7.52% 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 | 6.43 | 9.55 | 11.43 | 2.12 | 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: | -19% |
| 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 | 6 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 169% | 40% | 90% | -158% | 49% | 34% | 228% |
Ratios
Consolidated / 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 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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| Engineered Quartz Capacity Utilization % |
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| Number of Domestic States Covered count |
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| USA Share of Total Exports % of total exports |
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Extracted by Screener AI
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Submitted certificate confirming Regulation 15 corporate governance provisions are not applicable for Q2 FY2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026.
-
Change in Auditors
- M/s. A Bafna & Co. re-appointed as statutory auditor for five years from 10th AGM.
-
Shareholders meeting
- Esprit Stones’ 10th AGM resolutions passed, including auditor reappointment and IPO proceeds variation approval.
-
Shareholders meeting
- Esprit Stones held its 10th AGM on 30 September 2026 and approved financials, auditor reappointment, remuneration, and IPO fund reallocation.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
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.