BSE:513699

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Moderate growth potential with mediocre balance sheet.

Risks

  • Solid Stone has significant price volatility in the past 3 months.
  • Solid Stone is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.7%

BSE:513699

-1.3%

IN Building

-0.7%

IN Market


1 Year Return

n/a

BSE:513699

-12.8%

IN Building

-12.1%

IN Market

No trading data on 513699.

No trading data on 513699.


Share holder returns

513699IndustryMarket
7 Day-3.7%-1.3%-0.7%
30 Day-17.6%-8.3%-4.6%
90 Day-68.5%-10.8%-4.3%
1 Yearn/a-12.3%-12.8%-10.3%-12.1%
3 Year-24.8%-24.8%16.3%14.2%18.9%12.8%
5 Year-43.8%-44.4%84.7%78.5%37.6%24.7%

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 based on future cash flows and its price relative to the stock market?

25%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Solid Stone's share price is below the future cash flow value, and at a moderate discount (> 20%).

Solid Stone's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Solid Stone is overvalued based on earnings compared to the IN Building industry average.

Solid Stone is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Solid Stone, we can't assess if its growth is good value.


Price Based on Value of Assets

Solid Stone is good value based on assets compared to the IN Building industry average.


Next Steps

Future Growth

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

23.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Solid Stone is high growth as no revenue estimate data is available.

Solid Stone's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Solid Stone's revenue growth to the India market average as no estimate data is available.

Solid Stone's earnings growth is expected to exceed the India market average.

Solid Stone's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Solid Stone will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Solid Stone performed over the past 5 years?

-9.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Solid Stone's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Solid Stone's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Solid Stone's 1-year earnings growth is negative, it can't be compared to the IN Building industry average.


Return on Equity

Solid Stone has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Solid Stone used its assets more efficiently than the IN Building industry average last year based on Return on Assets.


Return on Capital Employed

Solid Stone's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Solid Stone's financial position?


Financial Position Analysis

Solid Stone is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Solid Stone's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Solid Stone's level of debt (75.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (81.4% vs 75.8% today).

Debt is not well covered by operating cash flow (15.8%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.7x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Solid Stone's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Solid Stone's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Solid Stone has not reported any payouts.

Unable to verify if Solid Stone's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Solid Stone has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Solid Stone's salary, the management and board of directors tenure and is there insider trading?

25.0yrs

Average management tenure


CEO

Milan Khakhar

25.0yrs

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

Milan's remuneration is higher than average for companies of similar size in India.

Milan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

25.0yrs

Average Tenure

The average tenure for the Solid Stone management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

16.6yrs

Average Tenure

60yo

Average Age

The average tenure for the Solid Stone board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Milan Khakhar

    Chairman & MD

    • Tenure: 25.0yrs
    • Compensation: 3.63m
  • Prakash Khakhar

    Joint MD & Executive Director

    • Tenure: 25.0yrs
    • Compensation: 3.63m
  • Manoj Dewani

    CFO & VP

    • Tenure: 4.3yrs
    • Compensation: 1.80m
  • Jeenoo Khakhar (56yo)

    Head of Business Development

  • Shraddha Khakhar (53yo)

    Head of Retail Division

  • Hardik Valia

    Compliance Officer & Company Secretary

    • Compensation: 198.00k

Board Members

  • Milan Khakhar

    Chairman & MD

    • Compensation: 3.63m
  • Prakash Khakhar

    Joint MD & Executive Director

    • Compensation: 3.63m
  • Vasumati Khakhar (83yo)

    Non-Executive Director

    • Compensation: 15.00k
  • K. Nair (60yo)

    Non-Executive Independent Director

    • Tenure: 16.6yrs
    • Compensation: 18.00k
  • Ashni Parekh (48yo)

    Non-Executive Independent Director

    • Tenure: 21.9yrs
    • Compensation: 22.00k
  • Gaurav Davda

    Non-Executive Independent Director

    • Tenure: 5.3yrs
    • Compensation: 18.00k

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: ₹152.523m
  • Shares outstanding: 5.38m
  • Website: Click here

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:46
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
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.