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BSE: 0 | NSE: ESPRIT | Ceramics/Marble/Granite/Sanitaryware | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Esprit Stones Ltd is a average quality company.
The key valuation ratios of Esprit Stones Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Esprit Stones Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 27.8% | 25.6% | 7.8% | 15% | - |
| Value Creation Index ⓘ | 1.0 | 0.8 | -0.5 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 144 | 186 | 131 | 160 | 160 |
| Sales YoY Gr. | - | 29.4% | -29.6% | 21.9% | - |
| Adj EPS ⓘ | 9.2 | 10.6 | 2.1 | 5.6 | 4.7 |
| YoY Gr. | - | 15% | -80.4% | 169.2% | - |
| BVPS (₹) ⓘ | 25 | 36.6 | 38.9 | 45.3 | 56.3 |
| Adj Net Profit ⓘ | 14.9 | 17.1 | 3.4 | 9.1 | 10 |
| Cash Flow from Ops. ⓘ | 4.9 | 21.3 | -13.4 | 25.6 | - |
| Debt/CF from Ops. ⓘ | 10.1 | 2.2 | -4.2 | 1.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 3.5% | 21.9% | ||||
| Adj EPS ⓘ | NA | NA | -15.3% | 169.2% | ||||
| BVPSⓘ | NA | NA | 21.8% | 16.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 36.8 | 34.4 | 5.5 | 13.3 | 9.2 |
| Op. Profit Mgn % ⓘ | 19.3 | 15.9 | 8.9 | 11.4 | NAN |
| Net Profit Mgn % ⓘ | 10.3 | 9.2 | 2.6 | 5.7 | 6.4 |
| Debt to Equity ⓘ | 1.2 | 0.8 | 0.9 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 142 | 240 | 208 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 26 | 68 | 71 | 0 |
Debt to equity has declined versus last 3 years average to 0.60
Return on Equity has declined versus last 3 years average to 9.20%
Sales growth has been subdued in last 3 years 3.54%
Net Profit has been subdued in last 3 years -15.31%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | 4.6 |
| TTM Sales (₹ Cr.) | 160 | 273 |
| BVPS (₹.) ⓘ | 56.3 | 10 |
| Reserves (₹ Cr.) ⓘ | 102 | - |
| P/BV ⓘ | 1.71 | 9.60 |
| PE ⓘ | 20.48 | 20.74 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 211 |
| Equity (₹ Cr.) | 22 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43.5 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 144 | 186 | 131 | 160 |
| Operating Expenses ⓘ | 116 | 157 | 120 | 142 |
| Manufacturing Costs | 24 | 27 | 19 | 21 |
| Material Costs | 64 | 100 | 73 | 86 |
| Employee Cost | 9 | 13 | 13 | 15 |
| Other Costs ⓘ | 19 | 17 | 14 | 21 |
| Operating Profit ⓘ | 28 | 30 | 12 | 18 |
| Operating Profit Margin (%) | 19.3% | 15.9% | 8.9% | 11.4% |
| Other Income ⓘ | 2 | 4 | 2 | 5 |
| Interest ⓘ | 3 | 3 | 4 | 4 |
| Depreciation ⓘ | 5 | 6 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 22 | 24 | 5 | 14 |
| Tax ⓘ | 6 | 5 | 1 | 4 |
| Profit After Tax | 15 | 19 | 4 | 10 |
| PAT Margin (%) | 10.7% | 10.0% | 2.8% | 6.4% |
| Adjusted EPS (₹) | 9.6 | 11.6 | 2.3 | 6.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 40 | 59 | 63 | 73 | ||||||
| Share Capital ⓘ | 10 | 10 | 10 | 16 | ||||||
| Reserves ⓘ | 31 | 50 | 53 | 57 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 44 | 40 | 49 | 35 | ||||||
| Long Term Debt | 25 | 17 | 14 | 6 | ||||||
| Short Term Debt | 19 | 23 | 35 | 29 | ||||||
| Trade Payables | 19 | 43 | 26 | 32 | ||||||
| Others Liabilities ⓘ | 37 | 20 | 18 | 21 | ||||||
| Total Liabilities ⓘ | 141 | 163 | 156 | 161 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 76 | 87 | 91 | 93 | ||||||
| Accumulated Depreciation | 15 | 21 | 26 | 32 | ||||||
| Net Fixed Assetsⓘ | 61 | 66 | 65 | 61 | ||||||
| CWIP ⓘ | 7 | 1 | 0 | 3 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 19 | 35 | 37 | 38 | ||||||
| Trade Receivables | 16 | 25 | 26 | 27 | ||||||
| Cash Equivalents | 11 | 11 | 3 | 2 | ||||||
| Others Assetsⓘ | 26 | 24 | 25 | 30 | ||||||
| Total Assets ⓘ | 141 | 163 | 156 | 161 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 21 | -13 | 26 |
| PBT ⓘ | 22 | 24 | 5 | 14 |
| Adjustment ⓘ | 7 | 8 | 7 | 8 |
| Changes in Working Capital ⓘ | -18 | -5 | -24 | 5 |
| Tax Paid ⓘ | -6 | -6 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -18 | -17 | 9 | -10 |
| Capex | -19 | -12 | -5 | -4 |
| Net Investments | 6 | 0 | 9 | 0 |
| Others ⓘ | -5 | -5 | 4 | -6 |
| Cash Flow From Financing Activityⓘ | 14 | -5 | 5 | -16 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 6 | -6 | -2 | -7 |
| Interest Paid ⓘ | -3 | -3 | -4 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 11 | 4 | 11 | -5 |
| Net Cash Flow ⓘ | 1 | 0 | 1 | -1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 38.27 | 31.64 | 6.01 | 15.14 | ||||||
| ROCE (%) | 27.83 | 25.57 | 7.75 | 14.99 | ||||||
| Asset Turnover Ratio | 1.15 | 1.15 | 0.82 | 1.01 | ||||||
| PAT to CFO Conversion(x) | 0.33 | 1.11 | -3.25 | 2.6 | Working Capital Days | |||||
| Receivable Days | 36 | 49 | 71 | 61 | ||||||
| Inventory Days | 43 | 68 | 99 | 85 | ||||||
| Payable Days | 109 | 158 | 173 | 124 | ||||||
Esprit Stones Limited was originally incorporated as ‘Esprit Stones Private Limited’, a private limited company under Companies Act, 2013, pursuant to a certificate of incorporation dated October 19, 2016 issued by the Central Registration Centre. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its shareholders at an Extra-ordinary General Meeting held on January 12, 2024 and a fresh certificate of incorporation dated February 5, 2024 was issued by the Registrar of Companies, Rajasthan at Jaipur consequent upon conversion, recording the change in name of the company from ‘Esprit Stones Private Limited’ to ‘Esprit Stones Limited’.
The company is primarily engaged in the manufacturing of Engineered Stones such as: (i) engineered quartz surfaces; and (ii) engineered marble surfaces. The company majorly manufactures engineered quartz surfaces and through its Subsidiary, Haique Stones Private Limited (HSPL), it manufactures engineered marble surfaces. Engineered Stones are composite material formed out of crushed stone that is held together by an adhesive. Engineered Stone’s non-porous characteristics, offer superior scratch, stain and heat resistance, making them extremely durable and therefore get an edge over competing products such as natural stones, laminate and other manufactured solid surfaces The strength, consistency, durability and appearance of its Engineered Stones, as well as their low maintenance makes it ideal for its application for vanities & bathroom surfaces, kitchen countertops, floors and wall cladding furniture, and other interior surfaces that are used in a variety of residential and non-residential applications. Through its innovative design and manufacturing processes, it is able to offer its product in wide variety of colours, styles, designs and textures.
It has customized its manufacturing processes in order to maximize the consistency, quality, durability and crack resistance of its Engineered Stones while also increasing its slickness and luster. Together with its research and development capabilities, its manufacturing expertise enables it to develop a number of aesthetically distinct designs for its products. It continually work to ensure that it acquires high quality raw materials for its Engineered Stones and ensure that its high-quality standards are met by conducting ongoing quality control checks of the raw materials and finished goods at its Manufacturing Facilities. Its business model is aimed to consistently continue to strengthen its product portfolio through continued investment in product innovation supported by strong research and development initiatives, marketing activities and the establishment of long-term relationships with its existing and new customers.
Business area of the company
The company is primarily engaged in the manufacturing of Engineered Stones such as: (i) engineered quartz surfaces; and (ii) engineered marble surfaces.
Product of the company
Awards and accreditations
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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