Esprit Stones Approves INR 35 Crores Capacity Expansion for Engineered Quartz Surfaces
Esprit Stones Limited's Board of Directors approved a capital investment of INR 35 crores on May 11, 2026, to set up a new pressing line for engineered quartz surfaces at its Udaipur, Rajasthan factory. The proposed addition of 5,000 slabs per month is scheduled for commissioning between January 2027 and March 2027, supplementing the existing capacity of 9,600 slabs per month currently running at 48% utilisation. The expansion will be financed through bank finance and internal accruals, with the stated objective of upgrading technological capabilities, enhancing automation, and strengthening the company's position in the global engineered surfaces market.
*this image is generated using AI for illustrative purposes only.
Esprit Stones Limited announced on May 11, 2026, that its Board of Directors has approved a significant capital investment to establish a new pressing line for the manufacturing of engineered quartz surfaces. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pertains to the company's factory unit located at Khasra No. 1106-1109, Revenue Village Bhilwada, Lakhawali, Udaipur, Rajasthan, India-313011.
Capacity Addition Details
The Board has sanctioned an investment of INR 35 crores to add a new pressing line with a proposed capacity of 5,000 slabs per month. This is in addition to the company's existing pressing line capacity of 9,600 slabs per month, which currently operates at a utilisation rate of 48%. The new capacity is targeted to be operational between January 2027 and March 2027. The following table summarises the key parameters of the announced expansion:
| Parameter: | Details |
|---|---|
| Existing Capacity: | 9,600 Slabs per month of Pressing Lines |
| Existing Capacity Utilization: | 48% |
| Proposed Capacity Addition: | 5,000 Slabs per month of Pressing Line |
| Implementation Period: | Jan'27 to Mar'27 |
| Investment Required: | INR 35 crores |
| Mode of Financing: | Bank finance and Internal accruals |
| Factory Location: | Khasra No. 1106-1109, Revenue Village Bhilwada, Lakhawali, Udaipur, Rajasthan |
Rationale for Expansion
According to the disclosure, the investment is aimed at upgrading the company's technological capabilities to manufacture high-end and contemporary designs while achieving significant cost efficiencies and precision through automation. The expansion is also intended to improve Esprit Stones' overall competitive positioning in the global engineered surfaces market.
Financing Structure
The proposed capital expenditure of INR 35 crores will be funded through a combination of bank finance and internal accruals. The disclosure was signed by Anjali Pandey, Company Secretary and Compliance Officer, on May 11, 2026, and the information has also been made available on the company's official website.
Historical Stock Returns for Esprit Stones
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.55% | +2.83% | +14.51% | +2.61% | -36.51% | -25.77% |
How does Esprit Stones plan to improve its existing capacity utilization from 48% before the new pressing line becomes operational in early 2027?
Which specific global markets or export destinations is Esprit Stones targeting with its expanded high-end engineered quartz production capacity?
What proportion of the INR 35 crore investment will be sourced from bank finance versus internal accruals, and how might this affect the company's debt-to-equity ratio?
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