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Solid Stone Co Overview

Solid Stone Company Ltd is engaged in the manufacturing and export of engineered quartz surfaces used primarily in kitchen countertops, bathroom vanities, flooring, and wall cladding applications. The company operates an integrated production facility that enables consistent quality, design innovation, and efficient scale. With a strong focus on premium aesthetics, durability, and international quality standards, Solid Stone caters to both domestic and global markets, including key export destinations such as the United States, Europe, and the ...Read More

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Solid Stone Co Key Financials

Market Cap ₹15 Cr.

Stock P/E 18.2

P/B 0.7

Current Price ₹28

Book Value ₹ 41.8

Face Value 10

52W High ₹41.3

Dividend Yield 0%

52W Low ₹ 25.4

Solid Stone Co Share Price

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Volume
Price

Solid Stone Co Quarterly Price

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Solid Stone Co Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 6 6 5 7 4 7 9 8 6 6
Other Income 0 0 0 0 0 0 0 -0 0 0
Total Income 6 6 5 7 4 7 9 8 6 6
Total Expenditure 5 5 4 6 3 6 7 7 5 5
Operating Profit 1 1 1 1 1 1 1 1 1 1
Interest 1 1 1 1 1 0 0 1 0 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 0 0 0
Provision for Tax 0 0 -0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 0 0 0 0 0 0 0
Adjustments -0 0 -0 0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 0 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 0.5 0.2 0.4 0.5 0.1 0.6 0.5 0.4 0.1 0.2

Solid Stone Co Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 58 60 66 61 41 37 17 24 31 24 28 29
Other Income 2 0 0 1 0 0 0 0 0 0 0 0
Total Income 60 61 66 62 41 37 17 24 31 24 28 29
Total Expenditure 54 57 62 58 38 33 15 22 27 20 24 24
Operating Profit 6 3 4 4 4 4 2 2 4 4 4 4
Interest 2 2 2 2 2 2 2 2 2 2 2 2
Depreciation 1 1 1 0 0 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 1 1 2 1 1 -1 -1 1 1 1 0
Provision for Tax 1 0 0 0 0 0 -0 -0 0 0 0 0
Profit After Tax 2 0 1 1 1 1 -1 -1 1 1 1 0
Adjustments 0 0 0 0 -0 0 -0 0 0 0 0 0
Profit After Adjustments 2 1 1 1 1 1 -1 -1 1 1 1 0
Adjusted Earnings Per Share 3.7 0.9 1.5 2.3 1.2 1.3 -1.4 -1.4 1.1 1.6 1.5 1.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 5% -5% -7%
Operating Profit CAGR 0% 26% 0% -4%
PAT CAGR 0% 0% 0% -7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -19% -8% -12% -5%
ROE Average 4% 4% 1% 3%
ROCE Average 8% 8% 6% 8%

Solid Stone Co Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 18 18 19 20 21 22 21 20 21 22 22
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 1 1 2 1 2 8 7 6 5
Other Non-Current Liabilities 0 0 0 0 0 0 0 1 1 0 1
Total Current Liabilities 33 30 29 26 22 22 21 16 23 26 24
Total Liabilities 52 50 49 47 45 45 45 45 52 54 52
Fixed Assets 3 3 2 2 1 2 1 3 2 1 4
Other Non-Current Assets 3 1 1 1 1 1 2 2 2 2 2
Total Current Assets 45 46 46 44 42 42 42 41 48 51 46
Total Assets 52 50 49 47 45 45 45 45 52 54 52

Solid Stone Co Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 1 -0 3 3 1 1 3 3 5 4
Cash Flow from Investing Activities -0 -0 -0 -0 -0 -0 0 -0 -0 -0 -1
Cash Flow from Financing Activities -1 -1 0 -2 -3 -1 -1 -2 -3 -4 -3
Net Cash Inflow / Outflow -0 -0 0 0 -0 0 -0 0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 1 0 0 0 0 0

Solid Stone Co Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.71 0.94 1.53 2.27 1.21 1.31 -1.44 -1.36 1.09 1.59 1.53
CEPS(Rs) 5.2 2.26 2.77 3.18 2.16 3.05 -0.34 0.06 2.7 3.24 3.24
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 33.19 34.26 35.99 37.71 38.97 40.33 38.92 37.67 38.73 40.28 41.61
Core EBITDA Margin(%) 6.7 5.33 5.94 5.8 8.42 10.63 11.18 9 12.76 17.33 14.52
EBIT Margin(%) 8.45 4.31 5.07 6.13 7.77 8.48 7.99 5.83 10.35 13.98 11.49
Pre Tax Margin(%) 5.35 1.34 1.83 2.69 2.47 2.92 -5.62 -3.94 2.69 4.68 4.41
PAT Margin (%) 3.35 0.82 1.25 1.99 1.64 1.92 -4.49 -3.16 1.9 3.55 2.98
Cash Profit Margin (%) 4.83 2.01 2.26 2.79 2.83 4.49 -1.05 0.14 4.72 7.26 6.3
ROA(%) 4.2 0.98 1.67 2.53 1.47 1.56 -1.71 -1.7 1.21 1.61 1.56
ROE(%) 11.53 2.74 4.36 6.17 3.28 3.29 -3.63 -3.72 2.85 4.01 3.75
ROCE(%) 16.34 8.16 9.77 10.32 8.67 8.2 3.52 3.56 7.91 8.36 7.94
Receivable days 47.63 61.88 63.07 88.61 147.27 161.08 304.84 178.5 136.65 137.54 79.14
Inventory Days 154.31 154.26 131.51 124.94 179.48 202.81 426.05 316.46 288.52 448.85 409.79
Payable days 46.82 47.87 19.91 27.51 40.81 19.33 54.78 27.29 25.03 56.78 68.81
PER(x) 14.28 37.54 57.11 29.46 77.7 14.48 0 0 30.9 20.08 22.47
Price/Book(x) 1.6 1.03 2.43 1.78 2.41 0.47 1.24 0.64 0.87 0.79 0.83
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.72 0.55 0.96 0.85 1.6 0.73 2.58 1.33 1.23 1.46 1.32
EV/Core EBITDA(x) 7.21 9.93 15.75 12.28 17.91 6.59 22.62 14.63 9.32 8.27 8.8
Net Sales Growth(%) 15.25 4.3 9.44 -7.19 -32.92 -11.23 -52.85 41.14 26.65 -22.03 15.24
EBIT Growth(%) 68.31 -46.78 28.61 12.26 -14.97 -3.15 -55.54 2.9 124.95 5.27 -5.26
PAT Growth(%) 102.98 -74.37 65.73 48.35 -44.73 3.78 -210.21 0.8 176.33 45.58 -3.18
EPS Growth(%) 105.14 -74.6 62.59 48.35 -46.81 7.91 -210.64 5.72 179.95 45.59 -3.18
Debt/Equity(x) 0.75 0.77 0.86 0.82 0.76 0.78 0.89 0.98 0.95 0.83 0.8
Current Ratio(x) 1.38 1.51 1.59 1.73 1.91 1.88 1.97 2.61 2.07 1.93 1.97
Quick Ratio(x) 0.58 0.68 0.8 0.98 0.95 1.01 1 1.24 0.89 0.72 0.68
Interest Cover(x) 2.72 1.45 1.57 1.78 1.47 1.53 0.59 0.6 1.35 1.5 1.62
Total Debt/Mcap(x) 0.47 0.74 0.35 0.46 0.31 1.67 0.72 1.53 1.09 1.05 0.97

Solid Stone Co Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 70.09 70.09 70.09 70.09 70.09 70.09 70.09 70.09 70.09 70.09
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 29.91 29.91 29.91 29.91 29.91 29.91 29.91 29.91 29.91 29.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Solid Stone Co News

Solid Stone Co Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 56.78 to 68.81days.
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