SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Solid Stone Company Ltd (513699)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513699 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Solid Stone Co Share Price

₹25.49 -0.73 (-2.78%)

As on 16-Jun'26 15:11

Solid Stone Company Ltd (513699)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513699 NSE: Ceramics/Marble/Granite/Sanitaryware | Small Cap | Solid Stone Co Share Price

₹25.49 -0.73 (-2.78%)

As on 16-Jun'26 15:11

Key Metrics
Valuation Multiples
Market Cap
₹14 Cr.
Current Price
₹25.5
52-Week Low / High
₹22 / 40
TTM EPS
₹0.9
TTM Sales
₹25.7 Cr.
Book Value per Share
₹42.6
P/E Ratio
28.16
Higher than its 5-year historical median
Industry PE
45
Price to Book (P/B)
0.62
Lower than its 5-year historical median
Price to Sales (P/S)
0.55
Lower than its 5-year historical median
EV/EBITDA
7.07
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
3.93%
Outperforms industry median
Return on Capital Employed (ROCE)
8.04%
Outperforms industry median
Return on Assets (ROA)
1.63%
Operating Profit Margin
14.5%
Net Profit Margin
3.13%
Gross Profit Margin
7.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.24%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.37%
Net Profit Growth (1 Year)
-
2.35%
Asset Quality
Promoter Holding
70.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹18 Cr.
Equity
₹5.4 Cr.
Face Value
₹10
All Time Low / High
₹2.00 / 165.00

Solid Stone Company stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Solid Stone Company Ltd a good quality company?
Solid Stone Company Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Solid Stone Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Solid Stone Company Ltd vs industry peers?
Solid Stone Company Ltd revenue CAGR is -5.41%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Solid Stone Company Ltd?
Promoters hold 70.09% of the Solid Stone Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Solid Stone Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -3.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Solid Stone Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.5%9.4%8.6%8.7%8.2%3.5%3.6%7.9%8.4%8%-
Value Creation
Index
-0.4-0.3-0.4-0.4-0.4-0.8-0.8-0.4-0.4-0.4-

Growth Parameters

Sales 59.966.161.441.236.617.224.330.82427.726
Sales YoY Gr.-10.3%-7.2%-32.9%-11.2%-52.9%41.2%26.6%-22%15.2%-
Adj EPS 1.21.41.31.11.2-1.4-1.411.61.50.9
YoY Gr.-23.5%-9.9%-14.8%6.4%-219.8%NANA51%-3.2%-
BVPS (₹) 35.336.737.83940.43937.738.740.341.742.6
Adj Net
Profit
0.60.80.70.60.6-0.8-0.80.60.80.81
Cash Flow from Ops. 0.8-0.122.91.212.63.44.64.1-
Debt/CF from Ops. 17.7-182.18.55.514.418.27.75.944.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -8.2%-5.4%4.4%15.2%
Adj EPS 3.2%5.6%NA-3.2%
BVPS1.9%0.6%3.4%3.5%
Share Price -5.6% 1.2% -3.6% -29%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.343.42.82.9-3.5-3.72.743.72.2
Op. Profit
Mgn %
5.85.968.410.611.5912.817.414.516.3
Net Profit
Mgn %
11.21.11.41.7-4.3-3.21.83.531.9
Debt to
Equity
0.70.80.80.80.80.9110.80.80.1
Working Cap
Days
282253268382418896631533761652278
Cash Conv.
Cycle
175176186291346690472408551433136

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales59.9466.1061.3741.1736.5517.2324.3230.8024.0227.68
Operating Expenses + 56.6162.2757.8337.7032.6615.3122.1326.8719.8523.66
Manufacturing Costs0.320.240.240.240.240.270.310.460.580.91
Material Costs49.6457.0852.6732.3928.2612.1918.4621.9214.8817.33
Employee Cost 1.571.351.581.531.471.011.211.561.641.85
Other Costs 5.093.603.343.542.691.832.162.932.753.57
Operating Profit 3.333.823.543.463.881.932.193.934.164.02
Operating Profit Margin (%) 5.6%5.8%5.8%8.4%10.6%11.2%9.0%12.8%17.3%14.5%
Other Income + 0.100.070.070.220.150.040.030.120.080.12
Exceptional Items 0000000000
Interest 1.792.142.112.182.032.352.382.362.231.96
Depreciation 0.710.660.490.490.940.590.800.870.890.92
Profit Before Tax 0.931.091.011.021.07-0.97-0.960.831.121.26
Tax 0.330.390.420.340.37-0.19-0.190.240.270.40
Profit After Tax 0.590.710.590.680.70-0.77-0.770.580.850.87
PAT Margin (%) 1.0%1.1%1.0%1.6%1.9%-4.5%-3.2%1.9%3.5%3.1%
Adjusted EPS (₹)1.11.31.11.31.3-1.4-1.41.11.61.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Solid Stone Co - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1919.7220.3120.9921.7220.9720.2620.8321.6622.41
Share Capital 5.385.385.385.385.385.385.385.385.385.38
Reserves 13.6214.3414.9315.6116.3415.5914.8815.4516.2817.03
Debt +12.6415.3315.6314.6215.2918.5317.2717.1415.8216.14
Long Term Debt0.920.941.351.511.112.278.227.325.594.68
Short Term Debt11.7314.3914.2913.1114.1916.269.059.8210.2311.46
Minority Interest0000000000
Trade Payables4.141.965.981.261.731.930.832.182.454.08
Others Liabilities 13.8712.195.507.786.563.706.7711.66149.41
Total Liabilities 49.6649.2047.4244.6645.3145.1245.1351.8053.9452.04

Fixed Assets

Net Fixed Assets +2.621.921.781.322.081.212.662.211.383.71
Gross Block6.766.687.036.948.468.086.786.896.896.88
Accumulated Depreciation4.154.775.265.626.386.874.124.685.513.17
CWIP 0000000000
Investments 1.111.110.950.950.950.950.950.950.950.95
Inventories24.8822.7219.3021.1919.4220.8121.3727.3331.7430.41
Trade Receivables10.9112.0617.7315.4916.7612.0211.7711.306.805.20
Cash Equivalents 0.170.440.460.450.540.120.230.070.090.06
Others Assets 9.9810.957.215.265.5510.028.179.9512.9911.71
Total Assets 49.6649.2047.4244.6645.3145.1245.1351.8053.9452.04

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.78-0.091.972.901.181.022.583.374.554.05
PBT 0.931.091.011.021.07-0.97-0.960.831.121.26
Adjustment 2.462.862.582.652.402.963.113.183.122.82
Changes in Working Capital -1.91-3.55-0.96-0.41-1.9-0.860.48-0.60.370.14
Tax Paid -0.69-0.50-0.67-0.37-0.39-0.12-0.05-0.05-0.07-0.17
Cash Flow From Investing Activity + -0.03-0-0.19-0.03-0.260-0.05-0.42-0.07-1.14
Capex -0.03-0-0.35-0.03-0.260-0.05-0.42-0.07-1.14
Net Investments 000.160000000
Others 00-00000000
Cash Flow From Financing Activity + -0.920.36-1.75-2.89-0.81-1.11-2.40-3.10-4.46-2.93
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-0.126.600.90-2.39-0.57
Interest Paid -1.63-2.14-2.11-2.18-1.93-2.30-2.24-2.20-2.16-1.89
Dividend Paid -0.01000000000
Others 0.722.500.36-0.711.131.31-6.76-1.810.09-0.47
Net Cash Flow -0.170.270.03-0.020.11-0.080.13-0.160.02-0.02

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.173.652.943.273.29-3.62-3.722.8443.93
ROCE (%)8.469.48.588.678.23.523.567.98.358.04
Asset Turnover Ratio1.181.341.270.890.810.380.540.640.450.52
PAT to CFO Conversion(x)1.32-0.133.344.261.69N/AN/A5.815.354.66
Working Capital Days
Receivable Days63.7063.4088.60147.30161.10304.80178.50136.70137.5079.10
Inventory Days154.80131.40124.90179.50202.80426.10316.50288.50448.90409.80
Payable Days47.3019.5027.5040.8019.3054.8027.302556.8068.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Solid Stone Company Ltd FAQs

The current trading price of Solid Stone Co on 16-Jun-2026 15:11 is ₹25.49.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Jun-2026 the market cap of Solid Stone Co stood at ₹14.11 Cr

The latest P/E ratio of Solid Stone Co as of 15-Jun-2026 is 28.16.

The latest P/B ratio of Solid Stone Co as of 15-Jun-2026 is 0.62.

The 52-week high of Solid Stone Co is ₹39.95 and the 52-week low is ₹21.66.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Solid Stone Co is ₹25.73 ( Cr.) .

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 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.

About Solid Stone Company Ltd

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 Touch”

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:

  • Granite
  • Marble
  • Slate-stone
  • Mosaic
  • Metal Mosaics
  • Semi Precious
  • Articles
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: