BSE: 513699 | NSE: | Ceramics/Marble/Granite/Sanitaryware | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Solid Stone Company Ltd is a average quality company.
The key valuation ratios of Solid Stone Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Solid Stone Company Ltd is likely to Fall 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.9% | 8.5% | 9.4% | 8.6% | 8.7% | 8.2% | 3.5% | 3.6% | 7.9% | 8.4% | - |
| Value Creation Index ⓘ | 0.2 | -0.4 | -0.3 | -0.4 | -0.4 | -0.4 | -0.8 | -0.8 | -0.4 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 57.5 | 59.9 | 66.1 | 61.4 | 41.2 | 36.6 | 17.2 | 24.3 | 30.8 | 24 | 24 |
| Sales YoY Gr. | - | 4.2% | 10.3% | -7.2% | -32.9% | -11.2% | -52.9% | 41.2% | 26.6% | -22% | - |
| Adj EPS ⓘ | 4.1 | 1.2 | 1.4 | 1.3 | 1.1 | 1.2 | -1.4 | -1.4 | 1 | 1.6 | 1.6 |
| YoY Gr. | - | -71.7% | 23.5% | -9.9% | -14.8% | 6.4% | -219.8% | NA | NA | 51% | - |
| BVPS (₹) ⓘ | 34.2 | 35.3 | 36.7 | 37.8 | 39 | 40.4 | 39 | 37.7 | 38.7 | 40.3 | 40.9 |
| Adj Net Profit ⓘ | 2.2 | 0.6 | 0.8 | 0.7 | 0.6 | 0.6 | -0.8 | -0.8 | 0.6 | 0.8 | 1 |
| Cash Flow from Ops. ⓘ | 1.4 | 0.8 | -0.1 | 2 | 2.9 | 1.2 | 1 | 2.6 | 3.4 | 4.6 | - |
| Debt/CF from Ops. ⓘ | 9.7 | 17.7 | -182.1 | 8.5 | 5.5 | 14.4 | 18.2 | 7.7 | 5.9 | 4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -9.3% | -10.2% | 11.7% | -22% | ||||
| Adj EPS ⓘ | -10% | 7.6% | NA | 51% | ||||
| BVPSⓘ | 1.8% | 0.6% | 1.1% | 4% | ||||
| Share Price | -3.5% | 20.4% | 10.4% | 23.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.6 | 3.3 | 4 | 3.4 | 2.8 | 2.9 | -3.5 | -3.7 | 2.7 | 4 | 3.8 |
| Op. Profit Mgn % ⓘ | 7.2 | 5.8 | 5.9 | 6 | 8.4 | 10.6 | 11.5 | 9 | 12.8 | 17.4 | 16 |
| Net Profit Mgn % ⓘ | 3.8 | 1 | 1.2 | 1.1 | 1.4 | 1.7 | -4.3 | -3.2 | 1.8 | 3.5 | 3.5 |
| Debt to Equity ⓘ | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 1 | 1 | 0.8 | 0.2 |
| Working Cap Days ⓘ | 264 | 282 | 253 | 268 | 382 | 418 | 896 | 631 | 533 | 761 | 312 |
| Cash Conv. Cycle ⓘ | 165 | 175 | 176 | 186 | 291 | 346 | 690 | 472 | 408 | 551 | 151 |
Return on Equity has increased versus last 3 years average to 3.80%
Sales growth is growing at healthy rate in last 3 years 11.71%
Debt to equity has declined versus last 3 years average to 0.83
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -14.96%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.6 | 1.5 |
| TTM Sales (₹ Cr.) | 23.7 | 23.7 |
| BVPS (₹.) ⓘ | 40.9 | 40.9 |
| Reserves (₹ Cr.) ⓘ | 17 | 17 |
| P/BV ⓘ | 0.85 | 0.85 |
| PE ⓘ | 22.57 | 22.65 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 27.56 / 46.88 |
| All Time Low / High (₹) | 2.00 / 165.00 |
| Market Cap (₹ Cr.) | 18.8 |
| Equity (₹ Cr.) | 5.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 42.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57.52 | 59.94 | 66.10 | 61.37 | 41.17 | 36.55 | 17.23 | 24.32 | 30.80 | 24.02 |
| Operating Expenses ⓘ | 53.47 | 56.61 | 62.27 | 57.83 | 37.70 | 32.66 | 15.31 | 22.13 | 26.87 | 19.85 |
| Manufacturing Costs | 0.43 | 0.32 | 0.24 | 0.24 | 0.24 | 0.24 | 0.27 | 0.31 | 0.46 | 0.58 |
| Material Costs | 45.73 | 49.64 | 57.08 | 52.67 | 32.39 | 28.26 | 12.19 | 18.46 | 21.92 | 14.88 |
| Employee Cost | 1.84 | 1.57 | 1.35 | 1.58 | 1.53 | 1.47 | 1.01 | 1.21 | 1.56 | 1.64 |
| Other Costs ⓘ | 5.46 | 5.09 | 3.60 | 3.34 | 3.54 | 2.69 | 1.83 | 2.16 | 2.93 | 2.75 |
| Operating Profit ⓘ | 4.05 | 3.33 | 3.82 | 3.54 | 3.46 | 3.88 | 1.93 | 2.19 | 3.93 | 4.16 |
| Operating Profit Margin (%) | 7.0% | 5.6% | 5.8% | 5.8% | 8.4% | 10.6% | 11.2% | 9.0% | 12.8% | 17.3% |
| Other Income ⓘ | 1.87 | 0.10 | 0.07 | 0.07 | 0.22 | 0.15 | 0.04 | 0.03 | 0.12 | 0.08 |
| Interest ⓘ | 1.80 | 1.79 | 2.14 | 2.11 | 2.18 | 2.03 | 2.35 | 2.38 | 2.36 | 2.23 |
| Depreciation ⓘ | 0.85 | 0.71 | 0.66 | 0.49 | 0.49 | 0.94 | 0.59 | 0.80 | 0.87 | 0.89 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3.28 | 0.93 | 1.09 | 1.01 | 1.02 | 1.07 | -0.97 | -0.96 | 0.83 | 1.12 |
| Tax ⓘ | 1.14 | 0.33 | 0.39 | 0.42 | 0.34 | 0.37 | -0.19 | -0.19 | 0.24 | 0.27 |
| Profit After Tax | 2.15 | 0.59 | 0.71 | 0.59 | 0.68 | 0.70 | -0.77 | -0.77 | 0.58 | 0.85 |
| PAT Margin (%) | 3.7% | 1.0% | 1.1% | 1.0% | 1.6% | 1.9% | -4.5% | -3.2% | 1.9% | 3.5% |
| Adjusted EPS (₹) | 4.0 | 1.1 | 1.3 | 1.1 | 1.3 | 1.3 | -1.4 | -1.4 | 1.1 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 18.41 | 19 | 19.72 | 20.31 | 20.99 | 21.72 | 20.97 | 20.26 | 20.83 | 21.66 |
| Share Capital ⓘ | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 | 5.38 |
| Reserves ⓘ | 13.03 | 13.62 | 14.34 | 14.93 | 15.61 | 16.34 | 15.59 | 14.88 | 15.45 | 16.28 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 12.45 | 12.64 | 15.33 | 15.63 | 14.62 | 15.29 | 18.53 | 17.27 | 17.14 | 15.82 |
| Long Term Debt | 0.71 | 0.92 | 0.94 | 1.35 | 1.51 | 1.11 | 2.27 | 8.22 | 7.32 | 5.59 |
| Short Term Debt | 11.73 | 11.73 | 14.39 | 14.29 | 13.11 | 14.19 | 16.26 | 9.05 | 9.82 | 10.23 |
| Trade Payables | 8.72 | 4.14 | 1.96 | 5.98 | 1.26 | 1.73 | 1.93 | 0.83 | 2.18 | 2.45 |
| Others Liabilities ⓘ | 12.13 | 13.87 | 12.19 | 5.50 | 7.78 | 6.56 | 3.70 | 6.77 | 11.66 | 14 |
| Total Liabilities ⓘ | 51.71 | 49.66 | 49.20 | 47.42 | 44.66 | 45.31 | 45.12 | 45.13 | 51.80 | 53.94 |
Fixed Assets | ||||||||||
| Gross Block | 7.03 | 6.76 | 6.68 | 7.03 | 6.94 | 8.46 | 8.08 | 6.78 | 6.89 | 6.89 |
| Accumulated Depreciation | 3.62 | 4.15 | 4.77 | 5.26 | 5.62 | 6.38 | 6.87 | 4.12 | 4.68 | 5.51 |
| Net Fixed Assetsⓘ | 3.42 | 2.62 | 1.92 | 1.78 | 1.32 | 2.08 | 1.21 | 2.66 | 2.21 | 1.38 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1.11 | 1.11 | 1.11 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 |
| Inventories | 25.95 | 24.88 | 22.72 | 19.30 | 21.19 | 19.42 | 20.81 | 21.37 | 27.33 | 31.74 |
| Trade Receivables | 9.99 | 10.91 | 12.06 | 17.73 | 15.49 | 16.76 | 12.02 | 11.77 | 11.30 | 6.80 |
| Cash Equivalents | 0.34 | 0.17 | 0.44 | 0.46 | 0.45 | 0.54 | 0.12 | 0.23 | 0.07 | 0.09 |
| Others Assetsⓘ | 10.90 | 9.98 | 10.95 | 7.21 | 5.26 | 5.55 | 10.02 | 8.17 | 9.95 | 12.99 |
| Total Assets ⓘ | 51.71 | 49.66 | 49.20 | 47.42 | 44.66 | 45.31 | 45.12 | 45.13 | 51.80 | 53.94 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1.35 | 0.78 | -0.09 | 1.97 | 2.90 | 1.18 | 1.02 | 2.58 | 3.37 | 4.55 |
| PBT ⓘ | 3.28 | 0.93 | 1.09 | 1.01 | 1.02 | 1.07 | -0.97 | -0.96 | 0.83 | 1.12 |
| Adjustment ⓘ | 0.83 | 2.46 | 2.86 | 2.58 | 2.65 | 2.40 | 2.96 | 3.11 | 3.18 | 3.12 |
| Changes in Working Capital ⓘ | -2.07 | -1.91 | -3.55 | -0.96 | -0.41 | -1.9 | -0.86 | 0.48 | -0.6 | 0.37 |
| Tax Paid ⓘ | -0.69 | -0.69 | -0.50 | -0.67 | -0.37 | -0.39 | -0.12 | -0.05 | -0.05 | -0.07 |
| Cash Flow From Investing Activity ⓘ | -0.02 | -0.03 | 0 | -0.19 | -0.03 | -0.26 | 0 | -0.05 | -0.42 | -0.07 |
| Capex | -0.02 | -0.03 | 0 | -0.35 | -0.03 | -0.26 | 0 | -0.05 | -0.42 | -0.07 |
| Net Investments | 0 | 0 | 0 | 0.16 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1.51 | -0.92 | 0.36 | -1.75 | -2.89 | -0.81 | -1.11 | -2.40 | -3.10 | -4.46 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -0.12 | 6.60 | 0.90 | -2.39 |
| Interest Paid ⓘ | -1.65 | -1.63 | -2.14 | -2.11 | -2.18 | -1.93 | -2.30 | -2.24 | -2.20 | -2.16 |
| Dividend Paid ⓘ | -0.36 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.50 | 0.72 | 2.50 | 0.36 | -0.71 | 1.13 | 1.31 | -6.76 | -1.81 | 0.09 |
| Net Cash Flow ⓘ | -0.17 | -0.17 | 0.27 | 0.03 | -0.02 | 0.11 | -0.08 | 0.13 | -0.16 | 0.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.37 | 3.17 | 3.65 | 2.94 | 3.27 | 3.29 | -3.62 | -3.72 | 2.84 | 4 |
| ROCE (%) | 16.85 | 8.46 | 9.4 | 8.58 | 8.67 | 8.2 | 3.52 | 3.56 | 7.9 | 8.35 |
| Asset Turnover Ratio | 1.25 | 1.18 | 1.34 | 1.27 | 0.89 | 0.81 | 0.38 | 0.54 | 0.64 | 0.45 |
| PAT to CFO Conversion(x) | 0.63 | 1.32 | -0.13 | 3.34 | 4.26 | 1.69 | N/A | N/A | 5.81 | 5.35 | Working Capital Days |
| Receivable Days | 50 | 64 | 63 | 89 | 147 | 161 | 305 | 179 | 137 | 138 |
| Inventory Days | 154 | 155 | 131 | 125 | 179 | 203 | 426 | 316 | 289 | 449 |
| Payable Days | 46 | 47 | 20 | 28 | 41 | 19 | 55 | 27 | 25 | 57 |
The year 1950 saw the rise of the Bhagwan Khakhar group, resulting in the inception of Solid Stone Company Ltd, formerly known as Solid Granites Ltd -- a flagship company of the Khakhar group. Over the years, Solid Stone Company Limited has carved an enviable niche in a competitive market; Headquartered in Mumbai, the company has spread its wings across the globe. The company's shares are also listed on the Bombay Stock Exchange.
The company has been a pioneer in the development of mosaics in metal (stainless steel, copper, brass), stone, and metal – stone combinations, which have been designed to keep its customers spoilt for choice. With the wide array of patterns that they have and the flexibility to mix and match their product lines, no project looks or feels complete without the exclusive & unique “Solid Stone Touchâ€
They at Solid Stone Company Ltd; truly believe that “They are what they repeatedly do. Excellence, then, is not an act, but a habit.†And it is this belief that led to the latest addition to their product line; a unique range of Semi Precious & Gemstones which are available in amazing arrays with a range of over 25 varieties, in all forms, patterns and sizes. Their new semi-precious and gemstone collection helps blend the old with the new, so that their customers not only enjoy the rare appeal of the semi-precious and Gemstones, but also the mythical curative effects of these stone.
With five company owned stores in India, one in the Middle East (Dubai), one in the UK (Leicester) , and many more stores planned in the not too distant future, the company has fixed its sights to become the premier brand name in the natural stone industry; in not only India but all around the world.
It supplies Gem Stones in India, Gem Stones, Granite Flooring Pattern, Handcrafted Stones In India, Handcrafted Stones, Inlays In India, Inlays Pattern In India, Inlays Pattern, Inlays, Granites & Onyx, Lime Stones, Marble Mosaics In India, Stone Mosaics In India, Stone Mosaics Pattern In India, Stone Mosaics Pattern, Stone Mosaics, Marble Mosaics In India, Granite Kitchen Countertops, Granite Kitchen Countertops Patterns, Granite Kitchen Countertops, Granite Marbles, Granite Slab Countertops Granite Slab and Granite Tiles.
Products range of the company includes:
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