---
title: "Esprit Stones Ltd (ESPRIT) — Share Price, Financials & Analysis"
symbol: "ESPRIT"
company: "Esprit Stones Ltd"
canonical: "https://tapetide.com/stocks/ESPRIT"
isin: "INE0SBP01018"
nse_symbol: "ESPRIT"
sector: "Consumer Goods"
industry: "Granites & Marbles"
market_cap_cr: 138.25
generated_at: "2026-09-13T18:57:19.944Z"
---

# Esprit Stones Ltd (ESPRIT)

Canonical page: https://tapetide.com/stocks/ESPRIT

## Company

- **NSE Symbol:** ESPRIT
- **ISIN:** INE0SBP01018
- **Sector:** Consumer Goods
- **Industry:** Granites & Marbles
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-08-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** espritstones.com

## About

Incorporated in 2016, Esprit Stones Ltd manufactures & exports engineered stones and sells Unsaturated Polyester 
Resin.[1]

## Latest Price

- **Price:** ₹63
- **Change:** -1.5 (-2.33%)
- **Open:** ₹63.05
- **Day High:** ₹63.05
- **Day Low:** ₹63
- **Previous Close:** ₹64.5
- **Volume:** 3200
- **As Of:** 2026-09-09T09:44:52+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:45.045673Z.

- **Market Cap:** ₹138.25 Cr
- **Classification:** SME
- **P/E (reported):** -35.8
- **Book Value:** ₹60.09
- **Price to Book:** 1.05
- **Dividend Yield:** 0%
- **ROE:** 12.72%
- **ROCE:** 17.79%
- **Debt to Equity:** 0.39
- **Revenue (yearly):** ₹172.53 Cr
- **Net Income:** ₹-5.69 Cr
- **EBITDA:** ₹5.73 Cr
- **52-Week High:** ₹94.5
- **52-Week Low:** ₹52
- **RSI (14):** 44.78

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Flat
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 84%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 39.17 | 9% |
| growth | 6.21 | 9% |
| momentum | 54.65 | 12% |
| ownership | 74.34 | 24% |
| quality | 70.59 | 22% |
| valuation | 55.97 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 1.05 times its book value

### Weaknesses

- 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

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -52.42% | 123.74% | 39.88% |
| ebitda margin growth | -73.43% | -73.1% | -81.39% |
| net income growth | -133.08% | -155.24% | -130.76% |
| revenue growth | -46.75% | 0% | 4% |
| roce | -4.66% | 89.86% | 22.21% |
| roe | -10.3% | 10.86% | -66.7% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 7 |
| CFO/OP | 169 | 40 | 90 | -158 | 49 | 34 | 228 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 73.59% | 73.59% | 73.64% | 73.63% |
| FIIs | 3.1% | 1.6% | 0% | 0.4% |
| DIIs | 0.11% | 0.06% | 0% | 1.57% |
| Government | 0% | 0% | 0% | 0% |
| Public | 16.2% | 18.09% | 18.14% | 18.58% |
| Others | 7% | 6.66% | 8.22% | 5.83% |
| No. of Shareholders | 1110 | 905 | 915 | 849 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 64.47 | Sell |
| EMA (10) | 64.27 | Sell |
| SMA (20) | 65.78 | Sell |
| EMA (20) | 64.84 | Sell |
| SMA (50) | 63.72 | Sell |
| EMA (50) | 65.03 | Sell |
| SMA (100) | 65.78 | Sell |
| EMA (100) | 65.99 | Sell |
| SMA (200) | 66.64 | Sell |
| EMA (200) | 71.33 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.78 | Neutral |
| MACD (12,26,9) | -0.43 | Sell |
| Stochastic (14,3,3) | 14.77 | Buy |
| ADX (14) | 18.76 | Neutral |
| Williams %R (14) | -87.34 | Buy |
| ATR (14) | 2.52 | High Volatility |
| ROC (12) | -5.97 | Sell |
| Stoch RSI (14) | 27.45 | Neutral |
| UO (7,14,28) | 35.34 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - FY 2025-26 annual report and AGM on September 30, 2026; revenue fell to ₹172.53 crore, net loss ₹3.86 crore. | [Shareholders meeting 8 Sep - FY 2025-26 annual report and AGM on September 30, 2026; revenue fell to ₹172.53 crore, net loss ₹3.86 crore.](https://nsearchives.nseindia.com/corporate/HAIQUE_08092026125712_ARNOTICE.pdf) |
| 8 Sep - Cut-off date for 10th AGM voting eligibility is 23 September 2026; AGM on 30 September 2026. | [General Updates 8 Sep - Cut-off date for 10th AGM voting eligibility is 23 September 2026; AGM on 30 September 2026.](https://nsearchives.nseindia.com/corporate/HAIQUE_08092026131032_Cut_off.pdf) |
| 7 Sep - Board approved re-appointment of A Bafna & Co. as statutory auditor for five years from 10th AGM. | [Appointment 7 Sep - Board approved re-appointment of A Bafna & Co. as statutory auditor for five years from 10th AGM.](https://nsearchives.nseindia.com/corporate/HAIQUE_07092026124126_Auditor.pdf) |
| 7 Sep - Board approved 10th AGM, auditor reappointment for 5 years, remuneration proposals, and IPO proceeds reallocation subject to approval. | [Outcome of Board Meeting 7 Sep - Board approved 10th AGM, auditor reappointment for 5 years, remuneration proposals, and IPO proceeds reallocation subject to approval.](https://nsearchives.nseindia.com/corporate/HAIQUE_07092026123505_Outcome.pdf) |
| 6 May 2026 - Esprit Stones declares Regulation 24A annual secretarial compliance report is not applicable on SME exchange. | [Updates 6 May 2026 - Esprit Stones declares Regulation 24A annual secretarial compliance report is not applicable on SME exchange.](https://nsearchives.nseindia.com/corporate/HAIQUE_06052026122241_Intimation_of_24A-ESPRIT__1_.pdf) |
| 6 January 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 6 January 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=ESPRIT&tabIndex=sme) |
| 4 February 2026 - CRISIL downgraded long-term rating to BB/Stable for Rs42 crore; A4+ short-term reaffirmed (04 Feb 2026) | [Credit Rating 4 February 2026 - CRISIL downgraded long-term rating to BB/Stable for Rs42 crore; A4+ short-term reaffirmed (04 Feb 2026)](https://nsearchives.nseindia.com/corporate/HAIQUE_04022026104611_Intimation_Credit_Rating.pdf) |
| 27 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 March 2026. | [Trading Window 27 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for quarter/year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/HAIQUE_27032026113007_Closure_of_Trading_Window.pdf) |
| 25 April 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no noncompliance reported. | [Structural Digital Database 25 April 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no noncompliance reported.](https://nsearchives.nseindia.com/corporate/HAIQUE_25042026163229_SDD_Compliance-NSE.pdf) |
| 17 Jun - Promoter group declared no encumbrance on Esprit Stones shares for FY ended 31 March 2026. | [Disclosure under SEBI Takeover Regulations 17 Jun - Promoter group declared no encumbrance on Esprit Stones shares for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_07052026130821_19.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31849_ESPRIT_2025_2026_A_19749770_08092026130042.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28377_ESPRIT_2024_2025_A_3881930_03092025223343.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25992_ESPRIT_2023_2024_06092024164147.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:19.944Z.