Price
Financials
Consolidated, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 144 | 129 | 161 | 161 | 99 | 73 |
| Expenses | 126 | 115 | 142 | 142 | 97 | 70 |
| Operating Profit | 18 | 14 | 18 | 19 | 2 | 4 |
| OPM % | 12% | 11% | 11% | 12% | 2.1% | 5% |
| Other Income | 1 | 1 | 1 | 2 | 3 | 1 |
| Interest | 5 | 5 | 4 | 4 | 3 | 2 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 9 | 5 | 10 | 12 | -4 | -1 |
| Tax % | 29% | 23% | 24% | 20% | -26% | -9% |
| Net Profit | 6 | 4 | 8 | 9 | -3 | -1 |
| EPS in Rs | 6.35 | 2.56 | 3.21 | 3.92 | -0.66 | -0.53 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 117 | 144 | 186 | 174 | 273 | 321 | 173 |
| Expenses | 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% |
| Other Income | 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% |
| Net Profit | 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% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 4% | 0% | -46% | ||
| Compounded Profit Growth | % | % | % | -119% | ||
| Stock Price CAGR | % | % | % | -16% | ||
| Return on Equity | % | 11% | 8% | -2% |
| 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 |
| Borrowings | 32 | 49 | 58 | 119 | 125 | 98 | 51 |
| Other Liabilities | 45 | 52 | 64 | 57 | 77 | 78 | 56 |
| Total Liabilities | 102 | 141 | 181 | 238 | 275 | 310 | 240 |
| Fixed Assets | 47 | 61 | 66 | 117 | 110 | 120 | 105 |
| CWIP | 4 | 7 | 22 | 0 | 8 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 51 | 72 | 92 | 121 | 157 | 189 | 134 |
| Total Assets | 102 | 141 | 181 | 238 | 275 | 310 | 240 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 32 | 5 | 20 | -29 | 14 | 7 | 12 |
| Cash from Investing Activity | -15 | -19 | -25 | -26 | -11 | -13 | -4 |
| Cash from Financing Activity | -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/OP | 169% | 40% | 90% | -158% | 49% | 34% | 228% |
| 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% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 73.59% | 73.59% | 73.64% | 73.63% |
| FIIs | 3.10% | 1.60% | 0.40% | 0.40% |
| DIIs | 4.32% | 3.38% | 2.27% | 1.57% |
| Public | 18.99% | 21.44% | 23.70% | 24.40% |
| No. of Shareholders | 1,110 | 905 | 915 | 849 |
Fundamentals
Market Cap₹ 143 Cr.
Current Price₹ 65.2
Book Value₹ 60.1
ROCE-0.25 %
ROE-2.29 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-46%
Compounded Profit Growth (TTM)-119%
Consolidated figures.
Valuation
Market capRs 137 Cr
Enterprise valueRs 253 Cr
P/E (TTM)39.89x
Price to book2.20x
Price to sales0.78x
EV / EBITDA13.32x
EV / EBIT21.69x
EV / sales1.45x
Earnings yield2.51%
Profitability
Operating margin (excl. other income)9.94%
Operating margin (incl. other income)10.88%
EBITDA margin10.88%
Pre-tax margin3.04%
Net profit margin1.97%
ROE5.66%
ROCE7.82%
ROA1.64%
ROE, 3-year average30.08%
ROCE, 3-year average22.61%
ROA, 3-year average8.62%
ROIC (approx.)4.38%
Tax rate32.96%
Other income / net worth2.65%
Growth
Sales growth (latest year)-6.46%
Profit growth (latest year)-81.47%
Sales CAGR, 3 years14.23%
Profit CAGR, 3 years-30.95%
Per share
EPS (TTM)Rs 1.56
EPS (latest year)Rs 3.61
EPS, 3-year averageRs 120.43
Book value per shareRs 28.38
Sales per shareRs 79.48
Cash flow per shareRs -13.00
Free cash flow per shareRs 2.73
Efficiency
Asset turnover0.73x
Fixed asset turnover1.50x
Inventory turnover2.26x
Inventory days161 days
Debtor days87 days
Debtors turnover4.21x
Creditor days134 days
Cash conversion cycle215 days
Working capital days75 days
Leverage
Total debtRs 119 Cr
Cash and bankRs 3 Cr
Net debtRs 116 Cr
Debt to equity1.91x
Net debt / EBITDA6.11x
Interest coverage1.84x
Owners' fund to total sources26.17%
Debt to assets49.91%
Cash flow
Cash from Operating Activity (latest year)Rs -29 Cr
Cash from Investing Activity (latest year)Rs -26 Cr
Cash from Financing Activity (latest year)Rs 54 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 67 Cr
Cash from ops / profit, 5 years0.52x
Statement figures
Net sales (TTM)Rs 174 Cr
Net sales (latest year)Rs 174 Cr
Operating profit excl. other income (latest year)Rs 17 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 19 Cr
PBDT (TTM)Rs 13 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 7 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 120 Cr
Total expenditure (latest year)Rs 157 Cr
Total income (latest year)Rs 176 Cr
Share capitalRs 10 Cr
ReservesRs 53 Cr
Shareholders' fundsRs 62 Cr
Total assetsRs 238 Cr
Net blockRs 117 Cr
ReceivablesRs 41 Cr
InventoryRs 53 Cr
Other liabilitiesRs 57 Cr
Shares outstanding (crore)2.19
Ownership
Promoter holding73.63%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 39.9 is at the 81th percentile of its own 2.2-year range
(median 14.0, low 6.3, high 42.7).
P/B 2.20 is at the 7th percentile (median 2.81).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ESPRIT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.5% | -2.8% | -2.8 pts |
| 1 month | -5.2% | -6.8% | +1.6 pts |
| 3 months | -7.6% | -7.6% | -0.0 pts |
| 6 months | -4.8% | +0.4% | -5.2 pts |
| 1 year | -28.6% | -9.9% | -18.7 pts |
| 2 years | -49.6% | -13.6% | -36.0 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -9% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 13% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 67% vs sales -6% in 2026 |
| explain | Share dilution Share count up 0% in a year, 850% in three |
| explain | Debt up, profit down Borrowings up 105% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 52% vs sales -6% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹73 Cr -43.4% vs Mar 2024.
Net loss ₹1 Cr.
Activity
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|---|---|---|---|
| Midwest Ltd | 3,164 | 28.5 | 15.8 % |
| Pokarna Ltd | 2,226 | 23.4 | 11.5 % |
| Global Surfaces Ltd | 128 | -1.69 % | |
| Pacific Industries Ltd | 91 | 33.0 | 1.09 % |
| Elegant Marbles and Grani Industries Ltd | 52 | 16.7 | 3.77 % |
| Royal Cushion Vinyl Products Ltd | 47 | -0.17 % | |
| Oriental Trimex Ltd | 36 | 14.3 | 3.84 % |
| Aro Granite Industries Ltd | 35 | 0.57 % | |
| Madhav Marbles and Granites Ltd | 32 | -0.73 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Esprit Stones Ltd?
Esprit Stones Ltd (ESPRIT) has a market capitalisation of Rs 143 Cr. at the 2026-10-01 close.
What were Esprit Stones Ltd's latest quarterly results?
In the Mar 2026 quarter, Esprit Stones Ltd sales was Rs 73 Cr (-43.4% vs Mar 2024) with a net loss of Rs 1 Cr.
What is the 52-week high and low of Esprit Stones Ltd?
The 52-week high is Rs 94.50 and the 52-week low is Rs 52.00.