ESPRIT

Esprit Stones Limited

Listed company · ISIN INE0SBP01018 · NSE SM · FV ₹10
Last price
₹62
-4.44%today
What this company does

Esprit Stones Limited is a listed company. It booked ₹73 cr of revenue in its latest half year (H2 FY26) and kept -1.6% of sales as profit.

41out of 100
Equitytale Health Score
Strained

Healthier than 41% of listed companies we score, on the 4 of 6 measures we could read for it. Each measure is ranked against the 2,334–2,885 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns10

How much profit it earns on the money it employs

Balance sheet28

How much it owes, and whether earnings cover the interest

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 74%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -1.6% net margin
! Low -2.1% return on equity

What if I invest in ESPRIT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹62▼ -4.44%
latest close · 2026-10-01
52-wk low ₹5547 sessions so far52-wk high ₹72
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.24Moderate
Below bookModerateHigh
EV / EBITDA163.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-2.1%Loss
WeakFairStrong ▸15%
Return on capital0.8%Weak
WeakFairStrong
Net margin-1.6%Loss
ThinDecentStrong
EBITDA margin0.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.47Comfortable
LowModerateHigh ▸1
Interest cover0.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.44Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹137 cr
Book value
₹50
EPS
₹-0.53
latest half year
Net debt
₹51 cr
owes more than its cash
Enterprise value
₹188 cr
EBITDA
₹1 cr
annualised
EBIT
₹1 cr
annualised
Operating margin
0.8%
Return on assets
-1.0%
Earnings yield
—
P/S
0.93
Sales / share
₹66.8
Tax rate
—
Face value
₹10
Shares
2.2 cr
Working capital
₹38 cr
Current assets
₹124 cr
Current liabilities
₹87 cr
Delivery %
71.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹6–₹6, midpoint ₹6

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹73 cr
Other Income₹1 cr
Total Income₹75 cr
Cost of Materials₹33 cr
Purchases of Stock-in-Trade₹6 cr
Inventory Change (±)₹-8 cr
Employee Benefit Expense₹8 cr
Finance Costs₹2 cr
Other Expenses₹29 cr
Total Expenses₹76 cr
Profit before Tax₹-1 cr
Tax Expense₹-11.2 L
Net Profit₹-1 cr
Net margin on total income-1.6%
Where the money goes · H2 FY26
% of total spend
Materials + stock-in-trade₹32 cr41.9%
Employee benefit expense₹8 cr11.0%
Finance costs₹2 cr2.4%
Other expenses₹34 cr44.7%
Total income ₹75 cr

The company made a net loss of ₹1 cr this half year — income covered only ₹98 of every ₹100 it spent on costs and tax.

Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue99 cr73 cr
Total income101 cr75 cr
Expenses105 cr76 cr
Profit before tax-4 cr-1 cr
Tax-95.4 L-11.2 L
Net profit (owners' share)-3 cr-1 cr
Net margin (owners' share, on revenue)-2.7%-1.6%
EPS (₹)-0.66-0.53
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹240 cr
Shareholder equity
₹110 cr
parent shareholders
Total debt
₹51 cr
Cash
₹37.2 L
Who owns it · 2026-03-31
No pledge
Promoter
73.6%
FII / Foreign
0.4%
DII / Domestic
1.6%
Retail / others
24.4%
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
Considered and adopted the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
5.09 L votes for, 0 against
2
Appoint a director in place of Mr. Sunil Gattani (DIN: 02409338) who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
5.07 L votes for, 1,600 against
3
Re-appoint M/s. A Bafna & Co, Chartered Accountants (Firm Registration No. 003660C) as Statutory Auditors of the Company to hold office for a period of five consecutive financial years (i.e. from 2026-27 to 2030-31) of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
5.09 L votes for, 0 against
4
Approve Remuneration payable to Mr. Sunil Lunawath, Managing Director for the remaining period of his tenure.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
5.09 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 93 named members
owning 73.6% between them · as of 2026-03-31
Nitin Gattani20.68%
Sangeeta Gattani12.80%
Sunil Lunawath10.07%
Pradeep Lunawath6.38%
Mangi Lal Lunawath6.37%
Sayar Kumari Mangilal5.89%
Vijayshree Lunawath5.89%
Shubh Gattani3.31%
Business done with them
FY2025 · 16 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.7% of its ₹321 cr revenue and received ₹1 cr back from them.
Nitin Gattani
Advances Taken During Year · Loans taken/ (granted) , Loans (repaid)/ received back , Salaries
also owns 20.68% of the company
₹4 cr
company received
Sangeeta Gattani
Advances Taken During Year · Loans taken/ (granted) ,Salaries
also owns 12.80% of the company
₹2 cr
company received
Seema Banthia
Advances Taken During Year · Loans taken/ (granted) , Loans (repaid)/ received back , Interest on Loans received/ (paid)
₹2 cr
company received
Anushree Lunawath
Advances Given During Year · Loans taken/ (granted) , Loans (repaid)/ received back
also owns 2.20% of the company
₹1 cr
company received
Seema Banthia
Advances Given During Year · Loans taken/ (granted) , Loans (repaid)/ received back , Interest on Loans received/ (paid)
₹1 cr
company received
ROSE MARBLES PRIVATE LIMITED
Bought goods from them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹60.5 L
company paid
Aravali Minerals and Chemicals Industries Private Limited
Sold goods to them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹59.5 L
company received
Nitin Gattani
Advances Given During Year · Loans taken/ (granted) , Loans (repaid)/ received back , Salaries
also owns 20.68% of the company
₹36.5 L
company received
Arnav Lunawath
Other payments to them · Loans taken/ (granted) ,Salaries
₹35.6 L
company paid
Siddhanth Lunawath
Other payments to them · Salaries
₹32.1 L
company paid
K K Enterprises
Bought goods from them · Other revenue expenses say Purchases etc.
₹27.2 L
company paid
Anushree Lunawath
Advances Taken During Year · Loans taken/ (granted) , Loans (repaid)/ received back
also owns 2.20% of the company
₹25 L
company received
Arnav Lunawath
Advances Taken During Year · Loans taken/ (granted) ,Salaries
₹24.6 L
company received
ROSE MARBLES PRIVATE LIMITED
Sold goods to them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹21.2 L
company received
Shubh Gattani
Other payments to them · Salaries
also owns 3.31% of the company
₹19.5 L
company paid
Aravali Quartz
Sold goods to them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹19.2 L
company received
Saumya Energy Private Limited
Bought goods from them · Other revenue expenses say Purchases etc.
₹15.7 L
company paid
Saumya Gattani
Other payments to them · Salaries
₹9.6 L
company paid
Seema Banthia
Interest Paid During Year · Loans taken/ (granted) , Loans (repaid)/ received back , Interest on Loans received/ (paid)
₹8.6 L
company received
ROSE MARBLES PRIVATE LIMITED
Purchases Of Tangible Assets · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹7.8 L
company received
Quality Suitings Private Limited
Bought goods from them · Other revenue expenses say Purchases etc.
₹7.2 L
company paid
ROSE MARBLES PRIVATE LIMITED
Sales Of Tangible Assets · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹5.1 L
company received
Aravali Quartz
Bought goods from them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹4.2 L
company paid
Aravali Minerals and Chemicals Industries Private Limited
Bought goods from them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹2.9 L
company paid
Gattani Resorts Private Limited
Bought goods from them · Other revenue expenses say Purchases etc.
₹2.7 L
company paid
Gattani Resorts Private Limited
Sold goods to them · Other revenue expenses say Purchases etc.
₹1.4 L
company received
Aravali Minerals and Chemicals Industries Private Limited
Purchases Of Tangible Assets · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹1.3 L
company received
Mahaveer Trading Company
Bought goods from them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹1.2 L
company paid
Mahaveer Trading Company
Sold goods to them · Revenue Income say Sales etc. , Other revenue expenses say Purchases etc.
₹0.13 L
company received

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹50 cr raised in Aug 2024 by selling shares to the public

As of Mar 2026, the company says it has spent 99% of what it set aside, leaving ₹62.5 L still to be spent.

Investment in Subsidiary, HaiqueStones Private Limited (HSPL) for funding its Working Capital Requirement
100%
₹7 cr of ₹7 cr
Investment in Subsidiary, Haique Stones Private Limited (HSPL), for repayment and / or prepayment in part or full of its outstanding borrowings
97%
₹19 cr of ₹20 cr
Funding Working Capital requirements of the Company
100%
₹14 cr of ₹14 cr
Issue related expenses
98%
₹6 cr of ₹6 cr
General corporate purposes
100%
₹4 cr of ₹4 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.