58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Esprit Stones Limited IPO Analysis

Esprit Stones IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Udaipur and caters to Ceramic And Stone - Marble, Tiles And Granite sector. Srujan Alpha Capital Advisors Llp is the merchant banker of Esprit Stones IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th February 2024.

Esprit Stones IPO posted revenues of Rs 274.77 crores and PAT of Rs 10.31 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Esprit Stones IPO Financial Performance (Restated)

Financial results of Esprit Stones IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY24
FY23
FY22
Balance Sheet
Assets
274.59
238.02
180.70

Net Worth
72.39
62.28
58.93

Total Debt
125.42
118.80
58.00

Profit & Loss
Revenue
Revenue on annualised basis
274.78
274.78
176.07
190.03

EBITDA
EBITDA on annualised basis
33.20
33.20
18.99
33.18

PAT
PAT on annualised basis
10.32
10.32
3.56
18.51

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Esprit Stones IPO Key performance Indicators (KPI)

Esprit Stones IPO PAT Margin is 3.76%, ROCE (Return on Capital Employed) is 12.39% as per latest financial. The below table shows Esprit Stones IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY24
FY23
FY22

EBITDA Margin (%)
12.08
10.79
17.46

PAT Margin (%)
3.76
2.02
9.74

EPS (Rs.)
6.29
2.13
11.46

ROE (%)
14.26
5.72
31.41

ROCE (%)
12.39
7.60
25.05

ROA (%)
3.76
1.50
10.24

Debt to Equity (x)  
1.73
1.91
0.98

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Esprit Stones IPO Valuation Metrics

The market Capitalisation of Esprit Stones IPO is Rs 190.92 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
190.92

Enterprice Value (EV) (Rs. Cr.):
313.09

EV/EBITDA (times) :
9.43

PE Multiple (times) :
18.51

P/B (times) :
1.55

NAV (Rs.) :
44.82

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Esprit Stones prospectus?

The Esprit Stones IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Esprit Stones IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Esprit Stones IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Esprit Stones IPO ?

The post-IPO market capitalisation of Esprit Stones IPO is ₹190.92 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Esprit Stones IPO?

The Esprit Stones IPO has a Price-to-Earnings (PE) ratio of 18.51 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Esprit Stones IPO?

Esprit Stones IPO reported revenue of ₹274.77 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Esprit Stones IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Esprit Stones IPO?

Esprit Stones recorded an EBITDA of ₹ 33.20 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Esprit Stones IPO?

Esprit Stones Profit After Tax (PAT) is ₹10.32 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 274.78 Cr.
            EBITDA: ₹ 33.20 Cr.
            PAT: ₹ 10.32 Cr.
  • EBITDA Margin: 12.08 %
            Pat Margin: 3.76%
  • Net Worth: ₹ 72.39 Cr.
  • Market Capitalisation: ₹ 190.92 Cr.
  • P/E: 18.51 times
  • P/BV: 1.55 times
  • EV/EBITDA: 9.43 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Esprit Stones operates in Ceramic And Stone - Marble, Tiles And Granite and Engineered Quartz And Marble Surfaces.. The Issue is listed on NSE EMERGE in Aug, 2024. Esprit Stones IPO size was 50.42 with Issue price of 87.00 .

Esprit Stones IPO subscription was 185.82 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Esprit Stones IPO listed at a listing price of 97.80 against the offer price of 87.00.

The current market price of Esprit Stones is 103.10.

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