Esprit Stones

Udaipur, India Founded: 2016 • Age: 10 yrs Listed
Engineered quartz and marble surfaces are manufactured by Esprit Stones.

About Esprit Stones

Esprit Stones is a publicly listed company based in Udaipur (India) founded in 2016. Engineered quartz and marble surfaces are manufactured by Esprit Stones. The company has 201 employees. Its Indian entity Esprit Stones Limited reported revenue of ₹176 Cr. Esprit Stones offers products and services including Quartz Surfaces and Marble Products. Its focus areas include Real Estate and Construction, Building Materials, Interiors and Flooring. Similar companies include Somany Ceramics, Simpolo and Marudhar Stones; 3 of its 3 listed similar companies have raised funding.

Company details

Esprit Stones was founded in 2016 and is headquartered in Udaipur, India. Operations center on the production of engineered quartz and marble surfaces within the natural stone industry. High-quality outputs are ensured through rigorous quality control measures and advanced manufacturing facilities. The company maintains a focus on engineered materials for surface applications across various sectors.

  • Headquarters Udaipur, India
  • Employees 201
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website espritstones.com
  • Social Facebook
  • Legal Name Esprit Stones Ltd.
Key Metrics
  • Market Cap
    ₹140 Cr

    ESPRIT-SM · NSE

  • Share Price
    ₹63.00

    -1.41% today

  • Revenue
    ₹173 Cr

    FY 2025-26 · -46.3% YoY

  • EBITDA
    ₹5.73 Cr

    Margin 3.3%

  • Net Profit
    −₹3.05 Cr

    FY 2025-26 · -119.5% YoY

  • Employee Count
    201

Products & Services of Esprit Stones

Esprit Stones offers a comprehensive portfolio of products and services, including Quartz Surfaces and Marble Products.

Quartz Surfaces
Building Materials

High-quality surfaces for architectural and design use

Marble Products
Natural Stones

Timeless materials for art and construction applications

Board of directors of Esprit Stones Limited (Esprit Stones)

Esprit Stones Limited is the primary company behind Esprit Stones. The board of Esprit Stones Limited currently have 6 directors; the longest-serving is Sunil Lunawath, appointed in 2016. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sunil Lunawath
DIN 01105117
Managing Director19 Oct 201610 yrsEsprit Stones Limited
Pradeep Lunawath
DIN 01105096
Director19 Oct 201610 yrsEsprit Stones Limited
Nitin Gattani
DIN 00173258
Managing Director19 Oct 201610 yrsEsprit Stones Limited
Sunil Gattani
DIN 02409338
Director19 Oct 201610 yrsEsprit Stones Limited
Narendra Sharma
DIN 01380061
Director06 Feb 20242 yrs 8 moEsprit Stones Limited
Neelam Tater
DIN 07653773
Director06 Feb 20242 yrs 8 moEsprit Stones Limited

IPO & Listings of Esprit Stones

Esprit Stones is a publicly listed company on the NSE with ticker symbol ESPRIT in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date02 Aug 2024
  • Listed onNSE: ESPRIT
  • Listed entityEsprit Stones Ltd.
  • Exchange sectorNon-energy minerals
  • ISININE0SBP01018
  • Share price₹57.05 (-1.13% on the day) · 2026-10-14
  • Market capitalisation₹127 Cr
  • Price to earnings18.7
  • EPS (diluted, trailing year)₹-1.19
  • Volume (last session)20,800

Financials of Esprit Stones

Exchange-reported figures of Esprit Stones Limited, the listed company behind Esprit Stones (NSE: ESPRIT-SM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹173 Cr
-46.3% YoY
EBITDA
₹5.73 Cr
-84.6% YoY
Profit After Tax
−₹3.05 Cr
-119.5% YoY
Net Worth
₹132 Cr
-1.1% YoY
Total Assets
₹184 Cr
-21.3% YoY
Total Debt
₹51.33 Cr
-47.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue173321273174186144117
Revenue growth-46.3%+17.8%+56.5%-6.5%+29.4%+23.2%-
EBITDA5.7337.1131.3217.3329.6227.8319.92
EBITDA margin+3.3%+11.5%+11.5%+9.9%+15.9%+19.3%+17.0%
Profit before tax(4.92)22.0814.115.3123.6921.8914.85
Net profit(3.05)15.6510.173.4418.5115.4510.43
Net profit margin-1.8%+4.9%+3.7%+2.0%+9.9%+10.7%+8.9%
EPS (₹)(1.19)7.146.293.61194.80162.84109.66
Balance sheet
Total assets18423419918211789.7856.76
Net worth13213372.3962.2858.9340.4324.96
Total debt51.3398.2012511958.0049.1631.80
Cash & bank2.367.533.252.9012.0911.3116.43
Net working capital72.9411481.2565.0723.6721.336.72
Cash flow
Cash from operations12.006.7714.23(28.52)20.394.8432.22
Cash from investing(3.98)(13.44)(11.29)(26.41)(25.28)(18.62)(14.92)
Cash from financing(11.43)10.17(3.39)54.285.5214.49(17.40)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue126193160131186144117
Revenue growth-34.6%+20.5%+21.9%-29.6%+29.4%+23.2%-
EBITDA(5.19)14.3018.1911.6529.6227.8319.92
EBITDA margin-4.1%+7.4%+11.4%+8.9%+15.9%+19.3%+17.0%
Profit before tax(6.69)11.5013.935.0523.9021.8914.85
Net profit(5.91)8.3710.313.6718.7215.4510.43
Net profit margin-4.7%+4.3%+6.4%+2.8%+10.0%+10.7%+8.9%
EPS (₹)(2.19)3.816.373.8619.7016.28109.66
Balance sheet
Total assets16316311711910689.3856.76
Net worth12212773.0962.8059.1440.4324.96
Total debt39.7135.5943.8356.1647.0048.8231.80
Cash & bank2.092.152.182.6410.8211.1616.43
Net working capital62.7554.7740.0946.6339.7421.566.72
Cash flow
Cash from operations(7.54)(1.07)25.64(13.37)21.274.8532.22
Cash from investing6.66(33.12)(10.04)8.61(16.80)(18.37)(14.92)
Cash from financing0.8834.23(16.14)5.30(4.96)14.08(17.40)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue173321273174186144117
Revenue growth-46.3%+17.8%+56.5%-6.5%+29.4%+23.2%-
Other income3.962.501.891.653.572.212.94
Total expenses16728424215715711697.09
Employee cost0.0021.4417.6315.3113.058.816.16
EBITDA5.7337.1131.3217.3329.6227.8319.92
EBITDA margin+3.3%+11.5%+11.5%+9.9%+15.9%+19.3%+17.0%
Depreciation9.699.549.137.336.255.215.04
Interest4.927.999.976.343.252.942.97
Profit before tax(4.92)22.0814.115.3123.6921.8914.85
Tax(1.07)4.893.781.755.176.444.42
Net profit(3.05)15.6510.173.4418.5115.4510.43
Net profit margin-1.8%+4.9%+3.7%+2.0%+9.9%+10.7%+8.9%
EPS (₹)(1.19)7.146.293.61194.80162.84109.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital21.9521.9516.159.509.509.509.50
Reserves & surplus11011156.2452.7849.4330.9315.46
Shareholders' funds (net worth)13213372.3962.2858.9340.4324.96
Minority interest0.001.890.360.200.070.070.00
Secured loans51.3398.2012511958.0049.1631.80
Unsecured loans0.000.000.000.000.000.000.00
Total debt51.3398.2012511958.0049.1631.80
Total liabilities18423419918211789.7856.76
Assets
Gross block16016714814586.9576.0156.55
Net block10512011011766.1861.4947.23
Capital work in progress0.660.577.560.0022.367.493.72
Investments0.000.000.000.000.000.000.00
Inventories59.5568.4261.3553.0834.9818.968.62
Sundry debtors51.9793.6772.4841.3924.8515.8711.06
Cash & bank balances2.367.533.252.9012.0911.3116.43
Loans & advances10.5014.5115.5119.4411.2622.1812.16
Total current assets12418415311783.1868.3248.27
Total current liabilities51.4469.6871.3451.7459.5146.9941.55
Net working capital72.9411481.2565.0723.6721.336.72
Total assets18423419918211789.7856.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.770.280.731.380.750.040.14
Net cash from operating activities12.006.7714.23(28.52)20.394.8432.22
Net cash from investing activities(3.98)(13.44)(11.29)(26.41)(25.28)(18.62)(14.92)
Net cash from financing activities(11.43)10.17(3.39)54.285.5214.49(17.40)
Net change in cash(3.40)3.49(0.45)(0.65)0.630.71(0.10)
Closing cash2.367.533.252.9012.0911.3116.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-46.3%+17.8%+56.5%-6.5%+29.4%+23.2%-
EBITDA growth-84.6%+18.5%+80.7%-41.5%+6.4%+39.7%-
PBT growth-+56.5%+165.7%-77.6%+8.2%+47.4%+9997.0%
Net income growth-119.5%+53.9%+195.6%-81.4%+19.8%+48.1%-
Revenue CAGR (3Y)-0.4%+19.9%+23.7%+14.2%---
EBITDA CAGR (3Y)-30.9%+7.8%+4.0%-4.5%---
Profitability & leverage
Net income margin-2.2%+5.4%+3.8%+2.0%+9.9%+10.7%+8.9%
Return on capital employed-+14.0%+12.7%+7.8%+26.0%+33.9%+31.4%
Return on net worth-+16.7%+15.3%+5.9%+37.3%+47.3%+41.8%
Debt / equity-1.091.811.461.081.241.27
Long-term debt / equity-0.380.800.690.530.700.84
Interest cover-124.2428.9844.9363.4013.9113.0019.96
Efficiency & per share
Fixed asset turnover-2.041.871.512.292.172.31
Inventory turnover-4.954.773.966.9110.4515.18
Debtors turnover-3.874.795.279.1610.7011.83
EPS (₹)(1.19)7.146.293.61194.80162.84109.66
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0060.7644.8265.56620.35425.55262.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue126193160131186144117
Revenue growth-34.6%+20.5%+21.9%-29.6%+29.4%+23.2%-
Other income8.486.325.222.303.782.212.94
Total expenses13117914212015711697.09
Employee cost0.0018.0714.9612.8913.058.816.16
EBITDA(5.19)14.3018.1911.6529.6227.8319.92
EBITDA margin-4.1%+7.4%+11.4%+8.9%+15.9%+19.3%+17.0%
Depreciation6.646.215.715.226.255.215.04
Interest3.342.913.773.683.252.942.97
Profit before tax(6.69)11.5013.935.0523.9021.8914.85
Tax(1.89)3.133.621.385.176.444.42
Net profit(5.91)8.3710.313.6718.7215.4510.43
Net profit margin-4.7%+4.3%+6.4%+2.8%+10.0%+10.7%+8.9%
EPS (₹)(2.19)3.816.373.8619.7016.28109.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital21.9521.9516.159.509.509.509.50
Reserves & surplus10010556.9453.3049.6430.9315.46
Shareholders' funds (net worth)12212773.0962.8059.1440.4324.96
Secured loans39.7135.5943.8356.1647.0046.8831.81
Unsecured loans0.000.000.000.000.001.94(0.01)
Total debt39.7135.5943.8356.1647.0048.8231.80
Total liabilities16316311711910689.3856.76
Assets
Gross block10810592.6491.2786.6676.0156.55
Net block63.9767.4460.9465.2865.8961.4947.23
Capital work in progress0.000.573.310.001.437.493.72
Investments19.0919.170.170.170.090.080.00
Inventories34.7744.1037.7936.5434.9818.968.62
Sundry debtors50.9748.6727.0626.4324.8515.8711.06
Cash & bank balances2.092.152.182.6410.8211.1616.43
Loans & advances9.5013.7412.4013.2721.3022.5612.16
Total current assets97.3310979.4378.8891.9568.5548.27
Total current liabilities34.5853.8939.3432.2552.2146.9941.55
Net working capital62.7554.7740.0946.6339.7421.566.72
Total assets16316311711910689.3856.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.140.110.650.120.600.040.14
Net cash from operating activities(7.54)(1.07)25.64(13.37)21.274.8532.22
Net cash from investing activities6.66(33.12)(10.04)8.61(16.80)(18.37)(14.92)
Net cash from financing activities0.8834.23(16.14)5.30(4.96)14.08(17.40)
Net change in cash(0.01)0.03(0.55)0.54(0.49)0.56(0.10)
Closing cash2.092.152.182.6410.8211.1616.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-34.6%+20.5%+21.9%-29.6%+29.4%+23.2%-
EBITDA growth-136.3%-21.4%+56.1%-60.7%+6.4%+39.7%-
PBT growth--17.4%+175.8%-78.9%+9.2%+47.4%+9997.0%
Net income growth-170.6%-18.8%+180.9%-80.4%+21.2%+48.1%-
Revenue CAGR (3Y)-1.4%+1.1%+3.5%+3.9%---
EBITDA CAGR (3Y)--21.6%-13.2%-16.4%---
Profitability & leverage
Net income margin-3.8%+4.3%+6.4%+2.8%+10.1%+10.7%+8.9%
Return on capital employed-+10.3%+14.9%+7.7%+27.7%+27.8%+31.4%
Return on net worth-+8.4%+15.1%+6.0%+37.6%+38.3%+41.8%
Debt / equity-0.400.740.850.961.211.27
Long-term debt / equity-0.040.150.25-24,242.890.610.84
Interest cover-28.2335.9730.2157.2313.9113.0019.96
Efficiency & per share
Fixed asset turnover-1.951.741.482.632.122.31
Inventory turnover-4.714.313.677.928.5115.18
Debtors turnover-5.095.985.1210.4910.1611.83
EPS (₹)(2.19)3.816.373.8619.7016.28109.66
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0057.8145.2666.1162.2542.55262.70

Similar companies to Esprit Stones

Esprit Stones has 3 listed similar companies in our database, 3 of them funded. They include Somany Ceramics, Simpolo and Marudhar Stones.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
somanyceramics.com1969Noida, India$8M1,963
Ceramic tiles are manufactured by Somany Ceramics in India.
simpolo.com1977Morbi, India$65.96M
Vitrified tiles and bathware products are manufactured for diverse applications.
marudharstones.com2007Hosur, India$18.36M41
Provider of natural stones for construction industry
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Web traffic of Esprit Stones

The website of Esprit Stones (espritstones.com) receives about 2.4K visits a month.

  • Monthly visits
    2.4K

    ▲ 107.8% vs previous month

Top companies in Building Materials

3 companies that operate in the same segment as Esprit Stones (Building Materials) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products
1975Kanpur, Uttar Pradesh, IndiaUSD 1.44 B11,790
Industrial and decorative paints are manufactured along with related solutions.
1942Mumbai, Maharashtra, IndiaUSD 3.79 B33,600
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions
1960Gurugram, Haryana, India
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Frequently Asked Questions about Esprit Stones

Esprit Stones was founded in 2016.

Esprit Stones is headquartered in Udaipur, India. It is registered at Udaipur, Rajasthan, India.

Esprit Stones has 201 employees.

The primary company behind Esprit Stones, Esprit Stones Limited, reported revenue of ₹176 Cr for FY 2026, down 46% year on year.

Esprit Stones was founded in 2016 and is headquartered in Udaipur, India. Operations center on the production of engineered quartz and marble surfaces within the natural stone industry. High-quality outputs are ensured through rigorous quality control measures and advanced manufacturing facilities. The company maintains a focus on engineered materials for surface applications across various sectors.

Esprit Stones's top competitors include Somany Ceramics, Simpolo and Marudhar Stones.

Esprit Stones offers Quartz Surfaces and Marble Products.

Yes, Esprit Stones is publicly traded on NSE under the ticker symbol ESPRIT.

Esprit Stones operates through Esprit Stones Limited.

The legal entities of Esprit Stones currently have 8 directors, including Sunil Lunawath, Pradeep Lunawath, Nitin Gattani and others.

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