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15 Days Price Change

Esprit Stones IPO

Closing In

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Issue Size --
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Price Range 82  to  87 per share
Profile
Min Investment ₹87
Profile
Lot Size 1
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Face Value ₹10
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Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Esprit Stones Limited is a prominent company in the natural stone industry, specializing in the processing, manufacturing, and export of marble, granite, and other natural stones. Headquartered in India, the company has made significant strides in both domestic and international markets. Esprit Stones is heavily involved in mining and quarrying, ensuring a steady supply of raw materials for their extensive range of stone products. Their operations are supported by advanced technology and skilled craftsmanship, allowing them to produce high-quality stone products that cater to various architectural and design needs. The company also maintains a strong focus on sustainability and ethical sourcing practices, ensuring minimal environmental impact from their activities. Esprit Stones has built a reputation for reliability and excellence in the natural stone sector, serving a diverse client with customized stone solutions​. Read More

Basic Info

Face Value 10 per share

Price 82  to  87 per share

P/E (x) 11.2

Sales( Cr.) 321

PAT( Cr.) 17

EPS 7.8

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Sunilkumar Lunawath Nitin Gattani Pradeepkumar Lunawath Sangeeta Gattani

Pre Issue Share Holding 100%

Post Issue Share Holding 33.32%

Listing Details:

Listing Price: 93.15

Listing Gain: 6.6%

Current Price: 70

Gain On Issue: 70 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 26, 2024
Closing Date Jul 30, 2024
Allotment Jul 31, 2024
Refund Aug 01, 2024
Delivery of Shares Aug 01, 2024
Listing Date Aug 02, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 139,200
Retail (Max) 1 1600 139,200
S-HNI (Min) 2 3200 278,400
S-HNI (Max) 7 11200 974,400
B-HNI (Min) 8 12800 1,113,600

Objective of the Issue

1. Funding Working Capital requirement of the Company 2. Investment in the Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings 3. Investment in the Subsidiary, Haique Stones Private Limited (HSPL) for funding its Working Capital Requirement 4. General Corporate Purpose

Issue

Category Nos Bid Bid (x)
QIB 2897600 340844688 117.6x
NII 869280 347346902 399.6x
Retail 2028320 295627640 145.8x
EMP 0 0 0x
Total 5795200 1076864064 185.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Esprit Stones Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 144 186 174 273 321
Other Income 2 4 2 2 2
Total Income 146 190 176 275 324
Total Expenditure 116 157 157 242 284
Operating Profit 30 33 19 33 40
Interest 3 3 6 10 8
Depreciation 5 6 7 9 10
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 22 24 5 14 22
Provision for Tax 6 5 2 4 5
Profit After Tax 15 19 4 10 17
Adjustments 0 0 -0 -0 -2
Profit After Adjustments 15 19 3 10 16
Adjusted Earnings Per Share 9.6 11.5 2.1 6.3 7.1

Esprit Stones Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 40 59 62 72 133
Minority's Interest 0 0 0 0 2
Borrowings 25 27 57 51 27
Other Non-Current Liabilities 4 4 5 5 7
Total Current Liabilities 71 90 114 146 141
Total Liabilities 141 181 238 275 310
Fixed Assets 61 66 117 110 120
Other Non-Current Assets 11 31 5 12 5
Total Current Assets 68 83 117 153 184
Total Assets 141 181 238 275 310

Esprit Stones Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 1 0
Cash Flow from Operating Activities 5 20 -29 14 7
Cash Flow from Investing Activities -19 -25 -26 -11 -13
Cash Flow from Financing Activities 14 6 54 -3 10
Net Cash Inflow / Outflow 1 1 -1 -0 3
Closing Cash & Cash Equivalent 1 1 1 0 4

Esprit Stones Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 9.58 11.46 2.13 6.29 7.14
CEPS(Rs) 12.8 15.33 6.74 12.04 12.19
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 25.03 36.49 38.56 44.82 60.76
Core EBITDA Margin(%) 19.31 15.88 9.94 11.47 11.55
EBIT Margin(%) 17.23 14.44 6.68 8.82 9.36
Pre Tax Margin(%) 15.2 12.7 3.05 5.17 6.87
PAT Margin (%) 10.73 9.93 2.04 3.78 5.35
Cash Profit Margin (%) 14.34 13.28 6.24 7.13 8.32
ROA(%) 10.96 11.5 1.7 4.03 5.89
ROE(%) 38.27 37.25 5.87 15.32 16.72
ROCE(%) 27.73 26.01 7.81 12.7 14.01
Receivable days 40.19 39.86 69.31 76.15 94.32
Inventory Days 48.01 52.79 92.14 76.53 73.67
Payable days 190.79 140.57 151.37 98.06 104.13
PER(x) 0 0 0 0 14.91
Price/Book(x) 0 0 0 0 1.75
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.33 0.3 0.72 0.51 1.01
EV/Core EBITDA(x) 1.58 1.69 6.6 4.17 8.18
Net Sales Growth(%) 0 29.36 -6.46 56.46 17.81
EBIT Growth(%) 0 8.4 -56.72 106.51 24.96
PAT Growth(%) 0 19.62 -80.78 190.04 66.72
EPS Growth(%) 0 19.62 -81.45 195.87 13.48
Debt/Equity(x) 1.22 0.99 1.91 1.73 0.74
Current Ratio(x) 0.96 0.92 1.03 1.05 1.31
Quick Ratio(x) 0.69 0.53 0.56 0.63 0.82
Interest Cover(x) 8.46 8.27 1.84 2.41 3.76
Total Debt/Mcap(x) 0 0 0 0 0.42

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 20% 0% 0%
Operating Profit CAGR 21% 7% 0% 0%
PAT CAGR 70% -4% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -40% NA% NA% NA%
ROE Average 17% 13% 23% 23%
ROCE Average 14% 12% 18% 18%

Company Contact Information

Esprit Stones Ltd.

S P 1, Udyog Vihar Sukher Industrial Area

IPO Lead Manager(s)

Esprit Stones Ltd.

Choice Capital Advisors Pvt Ltd

Srujan Alpha Capital Advisiors LLP

Registrar Info

Esprit Stones Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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