Esprit Stones share price & results
- Mar 2026
- Mar 2026
Udaipur-based manufacturer of engineered quartz and marble surfaces sold under the premium 'Haique' brand, backward-integrated into quartz grit, powder and polyester resin production.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 73.0 | −54.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 5.0 | −7.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | -1.0 | −111.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −17.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 3.45 | +5.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −63.7 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −13.0% 1Y
1Y: ₹73.45 on 24 Oct 2025 → ₹63.9. High ₹90.7 (5 Feb 2026), low ₹52.8 (27 Mar 2026).
- Previous close
- ₹61.4
- Market cap
- ₹140 Cr
- 52-week range
- ₹52.8 – ₹90.7
- One year
- −13.12%
- Return on equity (FY ending Mar 2026)
- -2.83%
Overview
- Symbol
- NSE:ESPRIT
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Esprit Stones does
Based on the company's own presentations, annual report and earnings calls.
Esprit Stones Limited manufactures engineered quartz and marble surfaces along with composite marble, terrazzo and semi-precious stone slabs used in countertops, kitchens, bathroom vanities, flooring and wall cladding, sold under its premium 'Haique' brand. It has backward-integrated into producing its own quartz grit and quartz powder, and unsaturated polyester resin (through subsidiary Addwaya Chemicals), to reduce dependence on third-party raw-material suppliers. It sells through direct export sales to over 10 countries under white-labelling and through an independent distributor network spanning 15 Indian states, supported by an experience centre at Kishangarh, Rajasthan and a storage/sales office in Mumbai.
Segments
- Engineered Quartz Surfaces
- Engineered Marble Surfaces
- Composite Marble & Terrazzo
- Semi-Precious Stone Slabs
- Unsaturated Polyester Resin
- Engineered quartz manufacturing capacity
- ~72 lakh sq.ft./year (3 pressing lines, 2 polishing lines)
- Engineered marble manufacturing capacity (subsidiary HSPL)
- ~74 lakh sq.ft./year (1 pressing line, 2 gangsaws, 1 polishing line)
- Unsaturated polyester resin capacity (subsidiary Addwaya Chemicals)
- ~18,000 metric tonnes/year
- Manufacturing facilities
- 4 (Lakhawali & Salumber, Udaipur; Negadiya, Rajsamand — Rajasthan)
- Export footprint
- 10+ countries incl. USA, Canada, Egypt, Bulgaria, UAE, Saudi Arabia
- Domestic distributor reach
- 15 states
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −111% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 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 |
| Operating margin | 12.0% | 11.0% | 11.0% | 12.0% | 2.1% | 5.0% |
| 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 rate | 29.0% | 23.0% | 24.0% | 20.0% | −26.0% | −9.0% |
| Net profit | 6 | 4 | 8 | 9 | -3 | -1 |
| EPS (₹ per share) | 6.35 | 2.56 | 3.21 | 3.92 | -0.66 | -0.53 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 16 | 22 | 22 | 22 |
| Reserves | 49 | 53 | 56 | 111 | 110 | 110 |
| Borrowings | 58 | 119 | 125 | 98 | 59 | 51 |
| Other liabilities | 64 | 57 | 77 | 78 | 49 | 56 |
| Total liabilities | 181 | 238 | 275 | 310 | 239 | 240 |
| Fixed assets | 66 | 117 | 110 | 120 | 108 | 105 |
| Capital work in progress | 22 | 0 | 8 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 92 | 121 | 157 | 189 | 130 | 134 |
| Total assets | 181 | 238 | 275 | 310 | 239 | 240 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 5 | 20 | -29 | 14 | 7 | 12 |
| Cash from investing | -19 | -25 | -26 | -11 | -13 | -4 |
| Cash from financing | 14 | 6 | 54 | -3 | 10 | -11 |
| Net cash flow | 1 | 1 | -1 | 0 | 3 | -3 |
| Free cash flow | -15 | -11 | -65 | 4 | -6 | 6 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 40 | 49 | 87 | 97 | 106 | 110 |
| Inventory days | 107 | 128 | 197 | 135 | 130 | 239 |
| Days payable | 191 | 158 | 143 | 112 | 112 | 134 |
| Cash conversion cycle | -43 | 19 | 141 | 120 | 124 | 215 |
| Working capital days | -36 | -37 | 1 | 5 | 41 | 75 |
| Return on capital employed | 34.0% | 26.0% | 8.0% | 13.0% | 14.0% | 0.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Engineered Stones contributes 98.7% of reported segment revenue.
Year ended 31 Mar 2026 · Consolidated
- Engineered Stones 98.7%
₹170.40 crore
- Unsaturated Polyester Resin 1.3%
₹2.31 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Engineered Stones | 170.40 | 98.7% |
| Unsaturated Polyester Resin | 2.31 | 1.3% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹172.71 crore
- Intersegment adjustment
- ₹0.18 crore
- Net segment revenue
- ₹172.53 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 73.63% as of Mar 2026; institutions cut 0.70 pts since Sept 2025.
- Promoters 73.63%
- Foreign institutions 0.40%
- Domestic institutions 1.57%
- Public 24.40%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.12% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Esprit Stones above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 20.68% | unchanged | |
| 12.80% | unchanged | |
| 10.07% | unchanged | |
| 6.38% | unchanged | |
| 6.37% | unchanged | |
| 5.89% | unchanged | |
| 5.89% | unchanged | |
| 3.31% | unchanged | |
| 2.20% | unchanged | |
| 1.62% | −0.49 pp | |
| AIF | 1.56% | unchanged |
| 1.12% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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