BSE:513699

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Executive Summary

Solid Stone Company Limited engages in natural stone, building material, and related building business activities primarily in India.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Solid Stone's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 513699's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

513699

0.8%

IN Building

1.8%

IN Market


1 Year Return

-79.0%

513699

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 513699 underperformed the Indian Building industry which returned -39.6% over the past year.

Return vs Market: 513699 underperformed the Indian Market which returned -23.7% over the past year.


Shareholder returns

513699IndustryMarket
7 Day0%0.8%1.8%
30 Day0%-8.6%-0.5%
90 Day24.8%-35.8%-22.2%
1 Year-79.0%-79.0%-37.1%-39.6%-22.2%-23.7%
3 Year-79.0%-79.0%-28.1%-32.5%-12.1%-16.8%
5 Year-69.5%-69.5%25.1%12.4%4.5%-5.7%

Price Volatility Vs. Market

How volatile is Solid Stone's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Solid Stone undervalued compared to its fair value and its price relative to the market?

49.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 513699 (₹18.9) is trading below our estimate of fair value (₹37.74)

Significantly Below Fair Value: 513699 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 513699 is poor value based on its PE Ratio (13.4x) compared to the Building industry average (8.1x).

PE vs Market: 513699 is poor value based on its PE Ratio (13.4x) compared to the Indian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 513699's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 513699 is good value based on its PB Ratio (0.5x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

How is Solid Stone forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solid Stone has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Solid Stone performed over the past 5 years?

-16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 513699 has high quality earnings.

Growing Profit Margin: 513699's current net profit margins (2.2%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 513699's earnings have declined by -16.4% per year over the past 5 years.

Accelerating Growth: 513699's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 513699 had negative earnings growth (-7.5%) over the past year, making it difficult to compare to the Building industry average (1.2%).


Return on Equity

High ROE: 513699's Return on Equity (3.5%) is considered low.


Next Steps

Financial Health

How is Solid Stone's financial position?


Financial Position Analysis

Short Term Liabilities: 513699's short term assets (₹457.3M) exceed its short term liabilities (₹266.7M).

Long Term Liabilities: 513699's short term assets (₹457.3M) exceed its long term liabilities (₹17.7M).


Debt to Equity History and Analysis

Debt Level: 513699's debt to equity ratio (77.6%) is considered high.

Reducing Debt: 513699's debt to equity ratio has increased from 76.5% to 77.6% over the past 5 years.

Debt Coverage: 513699's debt is well covered by operating cash flow (21%).

Interest Coverage: 513699's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Solid Stone's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 513699's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 513699's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 513699's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 513699's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 513699 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 513699's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

25.8yrs

Average management tenure


CEO

Milan Khakhar

25.75yrs

Tenure

₹3,630,000

Compensation

Mr. Milan Bhagwandas Khakhar, B.Com, LLB, has been the Managing Director at Solid Stone Company Limited since October 01, 1994 and serves as its Chairman. Mr. Khakharis is responsible for the day to day ma ...


CEO Compensation Analysis

Compensation vs Market: Milan's total compensation ($USD47.86K) is about average for companies of similar size in the Indian market ($USD50.17K).

Compensation vs Earnings: Milan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Milan Khakhar
Promoter Executive Chairman & MD25.75yrs₹3.63m15.03% 15.3m
Prakash Khakhar
Joint MD & Executive Directorno data₹3.63m25.63% 26.1m
Manoj Dewani
CFO & VP5yrs₹1.80mno data
Hardik Valia
Compliance Officer & Company Secretaryno data₹219.00kno data
Jeenoo Khakhar
Head of Business Developmentno datano data13% 13.2m
Shraddha Khakhar
Head of Retail Divisionno datano data0.57% 576.4k

25.8yrs

Average Tenure

Experienced Management: 513699's management team is seasoned and experienced (25.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Milan Khakhar
Promoter Executive Chairman & MD25.75yrs₹3.63m15.03% 15.3m
Prakash Khakhar
Joint MD & Executive Directorno data₹3.63m25.63% 26.1m
Vasumati Khakhar
Non-Executive Promoter Directorno datano data12.68% 12.9m
K. Nair
Non-Executive Independent Director17.33yrsno data0.016% 15.9k
Ashni Parekh
Non-Executive Independent Director22.67yrsno data0.85% 868.5k
Gaurav Davda
Non-Executive Independent Director6yrsno data0.74% 756.1k

17.3yrs

Average Tenure

60yo

Average Age

Experienced Board: 513699's board of directors are seasoned and experienced ( 17.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Solid Stone Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Solid Stone Company Limited
  • Ticker: 513699
  • Exchange: BSE
  • Founded: 1950
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹101.682m
  • Shares outstanding: 5.38m
  • Website: https://www.solid-stone.com

Number of Employees


Location

  • Solid Stone Company Limited
  • 1501, Maker Chambers V
  • Nariman Point
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
513699BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2008

Biography

Solid Stone Company Limited engages in natural stone, building material, and related building business activities primarily in India. It offers natural stone products, such as slate stone, quartzite, lime stone, and sand stone; granites; semi-precious stones; stone, metal, and mix mosaics; and Indian and exotic marbles. The company also provides various articles and finishes, as well as stone care products, including sealers and color enhancers. In addition, it operates retail outlets. The company was formerly known as Solid Granites Ltd. Solid Stone Company Limited was founded in 1950 and is headquartered in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 13:06
End of Day Share Price2020/04/30 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.