About Solid Stone Company Limited
Data last updated:
Solid Stone Company Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 08 May 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26960MH1990PLC056449. Its GSTIN is 27AAACS9989D1ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 513699.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹5.38 Cr. It was formerly known as Solid Granites Limited and Solid Granites Private Limited. It is led by directors including Milan Bhagwandas Khakhar (Managing Director) and Prakash Bhagwandas Khakhar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1501 Maker Chambers V Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.8 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹82.56 Lakh (net margin 3%) and EBITDA of ₹4.1 Cr (EBITDA margin 14.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solid Stone Company. As per MCA filings, the company has open charges of ₹32.17 Cr and satisfied charges of ₹5 Lakh on record. Court records list 4 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 12 deals on record (12 market trades); the latest was in April 2025. Its 10 peer companies in the Metals and Minerals industry (Construction Materials Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Trinity Sand & Minerals Private Limited. The company has 14 MSME Form 1 returns on record between 2016 and 2022, listing 53 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solid-stone.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1501 Maker Chambers V Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Solid Stone Company Limited
The main business activity of Solid Stone Company is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solid Stone Company Limited FY 2025 filings available
Solid Stone Company Limited reported revenue of ₹27.8 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solid Stone Company Limited
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Solid Stone Company Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹27.8 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.1 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹82.56 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Solid Stone Company Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solid Stone Company are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Solid Stone Company Limited
Solid Stone Company Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Construction Materials Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trinity Sand & Minerals Private Limited | •••• | •••• | •••• | •••• | - | Vasai East, Maharashtra, India |
| Karan Vanijya Private Limited | •••• | •••• | •••• | •••• | - | Port Blair, Andaman And Nicobar Islands, India |
| Milagro Universe Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| SSDN Impex Private Limited | •••• | •••• | •••• | •••• | - | Ajmer, Rajasthan, India |
| Grace Cements Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Solid Stone Company Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Klimas India Private Limited | •••• | •••• | •••• | •••• | - | Haveli, Maharashtra, India |
| Windor India Private Limited | •••• | •••• | •••• | •••• | 27 | Mumbai, Maharashtra, India |
| Radharani Natural Marble Private Limited | •••• | •••• | •••• | •••• | 49 | Kolkata, West Bengal, India |
| Gypstar India Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Prabhat Marketing Co Ltd | •••• | •••• | •••• | •••• | - | Amherst Street, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Solid Stone Company by revenue in the Metals and Minerals industry (Construction Materials Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Solid Stone Company Limited
Solid Stone Company Limited is audited by Merchant & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Merchant & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Solid Stone Company Limited
Solid Stone Company Limited currently reports 5 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarvapriya Atamjitsingh Walia | Director | 19 Sep 2024 | 2 Years 0 Months | Current |
| Manoj Dwarkadas Dewani Also directs: Global Instile Solid Industries Limited | Cfo | 13 Feb 2015 | 11 Years 7 Months | Current |
| Prakash Bhagwandas Khakhar Also directs: Global Instile Solid Industries Limited | Whole-Time Director | 08 May 1990 | 36 Years 4 Months | Current |
| Deepali Dharmendra Jagad | Director | 19 Sep 2024 | 2 Years 0 Months | Current |
| Rashmi Rahul Ghorpade | Director | 19 Sep 2024 | 2 Years 0 Months | Current |
| Milan Bhagwandas Khakhar | Managing Director | 08 May 1990 | 36 Years 4 Months | Current |
Ownership and Shareholding of Solid Stone Company Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solid Stone Company Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2024 | Hdfc Bank Limited | ₹40 Lakh | Open |
| 27 Mar 2023 | Hdfc Bank Limited | ₹20 Lakh | Open |
| 09 Sep 2016 | State Bank of India | ₹14.86 Cr | Open |
| 02 Aug 2000 | State Bank of India | ₹5.2 Cr | Open |
| 16 May 2000 | State Bank of India | ₹85,000 | Open |
Total charge records: 7 View all charges
Deals & Funding of Solid Stone Company Limited
Solid Stone Company Limited has 12 deals on record (12 market trades); the latest was in April 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Market trade | ₹21.5 Lakh | Buyer: Statin Enterprise LLP Seller: New Berry Advisors Limited |
| Mar 2025 | Market trade | ₹24 Lakh | Buyer: New Berry Advisors Limited Seller: Judith Investments P.Ltd. |
| Feb 2021 | Market trade | ₹1.35 Cr | Buyer: Manglam Financial Services, Alpha Leon Enterprises LLP , an individual Seller: Multiplier Share and Stock Advisors Private Limited |
| Mar 2018 | Market trade | ₹1.74 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: an individual |
| Jun 2017 | Market trade | ₹67.5 Lakh | Buyer: Lts Investment Fund Ltd Seller: Team India Managers Limited |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Solid Stone Company Limited
Solid Stone Company Limited has 4 court cases on record: 2 filed by Solid Stone Company, 1 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by an individual | Disposed |
| Bombay High Court | Company petition | Filed by the company | Disposed |
| Bombay High Court | Appeal | Filed by the company | Disposed |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Company is another party | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Solid Stone Company Limited
Solid Stone Company Limited has 14 MSME Form 1 returns on record between 2016 and 2022, listing 53 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ashar & Co. | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Solid Stone Company Limited
Solid Stone Company operates one associated brand: Solid Stone Company. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gem stones and marbles are manufactured by Solid Stone Company. | solid-stone.com |
Employees and EPFO Compliance at Solid Stone Company Limited
Solid Stone Company Limited has a workforce of 2 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Solid Stone Company Limited
Solid Stone Company has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Name History of Solid Stone Company Limited
Solid Stone Company has undergone 2 name changes throughout its history. The company was previously known as Solid Granites Limited, and Solid Granites Private Limited. The current legal name is Solid Stone Company Limited.
| Company Name | Status |
|---|---|
| Solid Stone Company Limited | Current |
| Solid Granites Limited | Previous |
| Solid Granites Private Limited | Previous |
CIN History of Solid Stone Company Limited
Solid Stone Company has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L26960MH1990PLC056449, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26960MH1990PLC056449 | Current |
| U26960MH1990PLC056449 | Previous |
| U26960MH2004PTC056449 | Previous |
News related to Solid Stone Company Limited
Recent Activity on Solid Stone Company Limited
Solid Stone Company Limited has 11 board changes on record since 1990: 6 appointments and 5 cessations. The latest: Ashni Yogendra Parekh ceased to be Director on 19 Sep 2024.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solid Stone Company Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solid Stone Company Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solid Stone Company Limited
Solid Stone Company has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS9989D1ZU | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solid Stone Company Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solid Stone Company Limited
Solid Stone Company is an active public limited company based in Mumbai, Maharashtra, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 08 May 1990 (36+ years old) and is registered under CIN L26960MH1990PLC056449. Listed on BSE: 513699.
Solid Stone Company reported revenue of ₹27.8 Cr for FY 2025 (up 15% YoY).
Solid Stone Company has 6 current directors and KMP:
- Milan Bhagwandas Khakhar - Managing Director
- Prakash Bhagwandas Khakhar - Whole-Time Director
- Sarvapriya Atamjitsingh Walia - Director
- Deepali Dharmendra Jagad - Director
- Rashmi Rahul Ghorpade - Director
- Manoj Dwarkadas Dewani - Cfo
Solid Stone Company reported a net profit of ₹82.56 Lakh (net margin 3%) and EBITDA of ₹4.1 Cr (EBITDA margin 14.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solid Stone Company is 5% over three years and -5% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solid Stone Company is 27AAACS9989D1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Solid Stone Company is L26960MH1990PLC056449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Solid Stone Company is listed on BSE with code 513699.
Solid Stone Company has 4 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Solid Stone Company was incorporated on 08 May 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Solid Stone Company has 12 deals on record (12 market trades); the latest was in April 2025.
The peers of Solid Stone Company by revenue are Trinity Sand & Minerals Private Limited, Karan Vanijya Private Limited, Milagro Universe Private Limited, SSDN Impex Private Limited, Grace Cements Private Limited and 5 more, all in the Metals and Minerals industry (Construction Materials Retail and Distribution).