Solid Stone Company Ltd (SOLIDSTON) Share Price & Fundamentals

What we do

Solid Stone Company Ltd specializes in natural stones, building materials, and allied construction products, serving the domestic market with a focus on niche clientele.

Founded in

1,990

Market share

Not specified; known for retail and wholesale of natural stones and building materials within India.

Problem solved

Provides quality natural stone solutions and building materials catering to construction and architectural needs, addressing demand for durable, aesthetic building supplies.

Top clients or who we serve

Primarily serves B2B domestic construction and real estate sectors along with retail customers via chain of retail outlets.

Key management

Chairman & Managing Director: Mr. Milan Khakhar; Joint Managing Director: Mr. Prakash Khakhar; CFO: Mr. Manoj Dewani; Company Secretary: Mr. Hardik Valia.

Our journey and innovations

Started in 1990 as Solid Granites Private Ltd, went public in 2007, acquired subsidiaries Granitexx UK Ltd. and Stone Source GB Ltd, expanded retail footprint.

Where we operate

Domestic Indian market with subsidiaries in the UK and presence through European links via subsidiaries.

Top products or what we offer

Natural stones, granites, marbles, and allied building materials through retail and wholesale channels.

Top brands

Brands are not explicitly specified; key business includes retail chains and subsidiaries Granitexx UK Ltd. and Stone Source GB Ltd.

Raw materials needed

Natural stones such as granite and marble.

Raw materials supplier

Not specifically disclosed; likely sourced from quarries and imports through subsidiaries.

Recurring vs cyclical contribution

Revenue primarily cyclical, tied to construction and real estate market demand dynamics.

Our industry position

Leading player in niche natural stones and building materials sector with expanding retail presence.

Financial highlights

Total revenue Rs.277.97 crore in FY 24-25; Net Profit Rs.8.66 crore; steady growth in turnover and profitability over previous year.

Geographical revenue split

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Order book

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Whats driving growth

Expansion of retail network, increased domestic construction activity, and strategic mergers fueling income growth.

Our future plans

Focus on growing retail footprint and strengthening niche clientele domestically; no detailed roadmap disclosed.

Our green promise

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Our people and values

Committed to good governance, ethical business, and compliance with laws; maintains effective internal controls and auditor oversight.

Key challenges ahead

Market cyclicality tied to construction sector, competition, and sustaining niche customer base amid evolving industry dynamics.

Interesting facts

Company emerged from mergers and rebranding in 2007 and expanded into UK market through subsidiaries.

Risks and strategy

Risks include dependence on construction sector; strategy includes diversifying retail channels and maintaining strong corporate governance.