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Solid Stone Company Limited (513699) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹296M

SS Solid Stone Company Limited 513699 · BSE
Price₹25.50
Fair Value₹22.00
Upside-13.7%
Quality57/100
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Mixed Growth
Loss-making · -0.2% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Narrow moat 26/100
Evidence: High Range ₹21.12 – ₹24.46 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 5 days ago

A solid business, but screening 14% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹24.46). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹65.95 ₹20.35 Fair Value ₹22.00 Aug 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹20.35 – ₹65.95 · fair‑value band ₹21.12 – ₹24.46 · the ₹25.50 price screens above the ₹22.00 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Solid Stone Company Limited (513699) currently trades at ₹25.50, while our model-based Fair Value estimate is ₹22.00, implying the stock looks roughly 13.7% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Solid Stone Company Limited generated revenue of ₹289M at a net margin of -0.2%. Revenue declined 89.3% year over year. Net debt stands at ₹161M. The stock trades on a trailing P/E of 26.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹21.12 (bear case) to ₹24.46 (bull case); at ₹25.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -16% fair-value upside, at -14%, 513699 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹52.43 ₹66.38 ₹87.14 80
Residual Income ₹27.00 ₹24.68 ₹16.98 76
Rev-Margin DCF ₹44.60 ₹65.21 ₹90.88 74
All 22 models by family
DCF Models
FCF DCF ₹50.99 ₹65.84 ₹89.75 38
Owner Earnings ₹5.75 ₹8.86 ₹13.87 31
5Y Revenue Exit ₹44.60 ₹63.60 ₹91.12 39
5Y EBITDA Exit ₹55.09 ₹81.72 ₹116.99 41
5Y P/E Exit ₹27.57 ₹34.18 ₹42.30 38
10Y Revenue Exit ₹46.42 ₹59.18 ₹72.46 36
10Y EBITDA Exit ₹52.81 ₹68.75 ₹85.41 37
10Y P/E Exit ₹38.52 ₹43.65 ₹48.02 35
Earnings-Based
Graham-Dodd ₹6.34 ₹7.74 ₹8.71 54
EPV ₹27.38 ₹31.41 ₹34.69 59
Multiples
P/E Multiple ₹14.68 ₹19.57 ₹24.46 63
P/S Multiple ₹11.88 ₹15.84 ₹19.80 58
P/B Multiple ₹11.88 ₹15.84 ₹19.80 55
EV/EBIT ₹62.44 ₹85.33 ₹108.22 53
EV/EBITDA ₹69.59 ₹94.87 ₹120.14 54
EV/Revenue ₹42.79 ₹63.79 ₹84.79 43
Asset-Based
NCAV (Graham) ₹21.27 ₹28.51 ₹42.55 50
Growth DCF
Growth DCF ₹52.43 ₹66.38 ₹87.14 80
Rev-Margin DCF ₹44.60 ₹65.21 ₹90.88 74
Economic Profit
Residual Income ₹27.00 ₹24.68 ₹16.98 76
ROIC Compounder ₹27.38 ₹31.41 ₹34.69 72
Growth Earnings
Growth-Adj P/E ₹10.36 ₹14.80 ₹19.25 68

Widest divergence: Growth DCF (₹65.21) versus Earnings-Based (₹7.74). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹289M
Revenue growth (YoY) -89.3%
Net margin -0.2%
Free cash flow ₹42.6M FY2026
P/E ratio 26.9 as of Jul 4, 2026
Operating margin 6.0%
More key figures
EPS (TTM) ₹1.55
EPS growth (YoY) -77.3%
Net debt ₹161M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 30

Profitability 26
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Solid Stone Company Limited engages in natural stone, building material, and allied building business activities in India, the Middle East, the United Kingdom, and the United States.

Full company description

Solid Stone Company Limited engages in natural stone, building material, and allied building business activities in India, the Middle East, the United Kingdom, and the United States. 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 description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Solid Stone Company Limited reported revenue of ₹257M in FY2026 versus ₹243M in FY2022, a compound +1.4%/yr. Reported net income was ₹5.0M in FY2026.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹257M
Latest YoY
−7.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.4%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.4%
Revenue +1.4%/yr
FY22 ₹243M
FY23 ₹308M
FY24 ₹240M
FY25 ₹277M
FY26 ₹257M
Net income
FY22 −₹7.7M
FY23 ₹5.9M
FY24 ₹8.5M
FY25 ₹8.3M
FY26 ₹5.0M

513699 screens 14% overvalued. Compare with Shree Cement Limited →

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Cite: Fair Value Calculator (2026). "Solid Stone Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/513699

Peer Group

Industrial Goods · 22 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “General Building Materials” was too small, so the broader sector is used.)

Quality Score 57 · Above median
Fair Value upside −4% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth -89% · Bottom 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Industrial Goods median · lower = cheaper

P/E (TTM) 26.9× · Pricier than 75% of peers
P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than median
EV/EBITDA 1.7× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 28 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 93 · sector 98
DIVIDEND 0 · sector 2

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more General Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shree Cement Limited 500387 ₹25,410 ₹4,548 -82%
Carborundum Universal Limited 513375 ₹1,152 ₹194.24 -83%
JK Lakshmi Cement Limited 500380 ₹549.95 ₹305.50 -44%
Ramco Industries Limited 532369 ₹358.50 ₹302.39 -16%
Deccan Cements Limited 502137 ₹548.45 ₹91.42 -83%
Patels Airtemp (India) Limited 517417 ₹281.05 ₹425.54 +51%
Pacific Industries Limited 523483 ₹137.35 ₹121.22 -12%
Sicagen India Limited 533014 ₹59.23 ₹92.58 +56%
Keerthi Industries Limited 518011 ₹43.52 ₹21.42 -51%
Barak Valley Cements Limited 532916 ₹40.75 ₹39.64 -3%

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Frequently asked questions

Is Solid Stone Company Limited (513699) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹22.00 versus a price of ₹25.50, about −14% (overvalued).
What is the fair value of 513699?
Our model-based fair value for Solid Stone Company Limited is ₹22.00 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹25.50.
What is the quality score of 513699?
Solid Stone Company Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Solid Stone Company Limited (513699)?
Solid Stone Company Limited reported trailing-twelve-month revenue of about ₹289M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 513699?
The net profit margin of Solid Stone Company Limited is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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