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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

26.88 1.03 (3.98%)
As on 10-Apr'26 16:59

Solid Stone Company Ltd (513699)

BSE: 513699 NSE:
Key Metrics
Market Cap
₹14 Cr.
P/E Ratio
32.87
Price to Book (P/B)
0.64
Price to Sales (P/S)
0.59
EV/EBITDA
8.18
Return on Capital Employed (ROCE)
8.04%
Current Price
₹26.9
Return on Equity (ROE)
3.93%
Return on Assets (ROA)
1.63%
Operating Profit Margin
14.5%
Net Profit Margin
3.13%
Gross Profit Margin
7.9%
Book Value per Share
₹42
Sales Growth (YoY)
15.24%
Sales Growth (3 Years)
4.41%
Operating Profit Growth (1 Year)
-3.37%
Operating Profit Growth (3 Years)
22.44%
Net Profit Growth (1 Year)
2.35%
52-Week Low / High
₹22 / 41
Net Profit Growth (3 Years)
N/A%
Dividend Yield
0.00%
Promoter Holding
70.09%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1
Solid Stone Company Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ceramics/Marble/Granite/Sanitaryware segment.
Q.1 Gross Profit margin of Solid Stone Company Ltd?
Solid Stone Company Ltd Gross profit margin which is the profit after deduction of direct costs, is 7.9% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.
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 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% , indicating stable growth and maintaining its market share.
Q.1 Stock return of Solid Stone Company Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of -3.6% based on the current price.
Q.1 Is Solid Stone Company Ltd a good quality company?
Solid Stone Company Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Solid Stone Co

Based on:

M-Cap below 100cr DeciZen not available

Solid Stone Company stock performance

Key Ratios
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Is Solid Stone Company Ltd an attractive stock to invest in?

1. Is Solid Stone Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Solid Stone Company Ltd is a average quality company.

2. Is Solid Stone Company Ltd undervalued or overvalued?

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.

3. Is Solid Stone Company Ltd a good buy now?

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.

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

Value Creation Index Colour Code Guide

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

Growth Parameters Colour Code Guide

Sales 59.966.161.441.236.617.224.330.82427.724
Sales YoY Gr.-10.3%-7.2%-32.9%-11.2%-52.9%41.2%26.6%-22%15.2%-
Adj EPS 1.21.41.31.11.2-1.4-1.411.61.50.8
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
Adj Net
Profit
0.60.80.70.60.6-0.8-0.80.60.80.80
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

CAGR Colour Code Guide

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 -4.1% -4.4% -10.7% -23.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

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
Op. Profit
Mgn %
5.85.968.410.611.5912.817.414.515.8
Net Profit
Mgn %
11.21.11.41.7-4.3-3.21.83.531.8
Debt to
Equity
0.70.80.80.80.80.9110.80.8-
Working Cap
Days
282253268382418896631533761652304
Cash Conv.
Cycle
175176186291346690472408551433148

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.80

Return on Equity has declined versus last 3 years average to 2.00%

Sales growth has been subdued in last 3 years 4.41%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -4.96%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 0.8 0.8
TTM Sales (₹ Cr.) 24.3 24.3
BVPS (₹) 42 41.9
Reserves (₹ Cr.) 17 17
P/BV 0.64 0.64
PE 32.87 35.62
From the Market
52 Week Low / High (₹) 21.66 / 40.54
All Time Low / High (₹) 2.00 / 165.00
Market Cap (₹ Cr.) 14.5
Equity (₹ Cr.) 5.4
Face Value (₹) 10
Industry PE 52.4

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 (%)

Valuation of Solid Stone Co - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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%

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

Finance 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 Days64638914716130517913713879
Inventory Days155131125179203426316289449410
Payable Days47202841195527255769

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Solid Stone Company Ltd FAQs

The current trading price of Solid Stone Co on 10-Apr-2026 16:59 is ₹26.88.

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 09-Apr-2026 the market cap of Solid Stone Co stood at ₹14.46 Cr

The latest P/E ratio of Solid Stone Co as of 09-Apr-2026 is 32.87.

The latest P/B ratio of Solid Stone Co as of 09-Apr-2026 is 0.64.

The 52-week high of Solid Stone Co is ₹40.54 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 ₹24.32 ( Cr.) .

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
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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.

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