ESPRIT

Esprit Stones financials

Market cap
₹138 Cr

What Esprit Stones does

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
Founded 2016Headquarters Udaipur, Rajasthan, IndiaEmployees 300 (FY25) Company website

Quarterly results

Q4 FY26: revenue down 22.5%, net profit down 175.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue89 71 96 97 71 −20%55 −23%
EBITDA11 7 9 5 -3 −127%-2 −129%
Net profit6 4 5 3 -2 −133%-3 −175%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −27.6% 1Y

₹50.0₹60.0₹70.0₹80.0₹90.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹87 on 10 Sept 2025 → ₹63. High ₹90.7 (5 Feb 2026), low ₹52.8 (27 Mar 2026).

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹16 Cr₹22 Cr₹22 Cr
Reserves₹31 Cr₹50 Cr₹53 Cr₹57 Cr₹110 Cr₹100 Cr
Borrowings₹49 Cr₹47 Cr₹56 Cr₹44 Cr₹59 Cr₹40 Cr
Other liabilities₹51 Cr₹56 Cr₹37 Cr₹44 Cr₹49 Cr₹38 Cr
Total liabilities₹141 Cr₹163 Cr₹156 Cr₹161 Cr₹239 Cr₹200 Cr
Fixed assets₹61 Cr₹66 Cr₹65 Cr₹61 Cr₹108 Cr₹64 Cr
Capital work in progress₹7 Cr₹1 Cr₹0 Cr₹3 Cr₹1 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹19 Cr
Other assets₹72 Cr₹95 Cr₹91 Cr₹97 Cr₹130 Cr₹117 Cr
Total assets₹141 Cr₹163 Cr₹156 Cr₹161 Cr₹239 Cr₹200 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

Since Mar 2025, the public added +2.96 pp while DIIs trimmed −1.81 pp. The shareholder count shrank 6% to 849.

Promoters
73.6%
FIIs
0.4%
DIIs
1.6%
Public
24.4%

Since Mar 2025

  • Public +2.96 pp
  • DIIs −1.81 pp
  • FIIs −1.20 pp

How it drifted, 4 quarters

Over this window the public went from 19.0% to 24.4% — +5.4 pp.

Sep '24Mar '25Mar '26

Ownership split by quarter, oldest first. Sep '24: Promoters 73.6%, FIIs 3.1%, DIIs 4.3%, Public 19.0%.Mar '25: Promoters 73.6%, FIIs 1.6%, DIIs 3.4%, Public 21.4%.Sep '25: Promoters 73.6%, FIIs 0.4%, DIIs 2.3%, Public 23.7%.Mar '26: Promoters 73.6%, FIIs 0.4%, DIIs 1.6%, Public 24.4%.

Who was buying across the market this quarter →

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.

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.

HolderStakeChange
Nitin Gattani 20.68%unchanged
Sangeeta Gattani 12.80%unchanged
Sunil Lunawath 10.07%unchanged
Pradeep Lunawath 6.38%unchanged
Mangi Lal Lunawath 6.37%unchanged
Sayar Kumari Mangilal 5.89%unchanged
Vijayshree Lunawath 5.89%unchanged
Shubh Gattani 3.31%unchanged
Anushree Lunawath 2.20%unchanged
Pg Foils Limited 1.62%−0.49 pp
Founders Collective Fund AIF1.56%unchanged
Rutvi Chaudhary 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.