Solid Stone Company Reports Record Sales Amid Declining Inventory Turnover Challenges in December 2024

Feb 12 2025 10:46 PM IST
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Solid Stone Company has announced its financial results for the quarter ending December 2024, reporting net sales of Rs 8.52 crore, the highest in five quarters. However, the company faces challenges with a declining inventory turnover ratio, which has decreased consistently over recent periods, indicating slower inventory movement.
Solid Stone Company, operating in the Ceramics/Marble/Granite/Sanitaryware industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in net sales, which reached Rs 8.52 crore, reflecting a significant growth compared to the average net sales of Rs 3.64 crore over the previous four quarters. This marks the highest quarterly sales figure for the company in the last five quarters, suggesting a positive near-term sales trend.

However, the company has also faced challenges, particularly with its inventory turnover ratio, which has reached a low of 0.73 times. This figure has shown a consistent decline over the last five half-year periods, indicating a slowdown in the pace of selling inventory.

In light of these developments, Solid Stone Company has experienced an adjustment in its evaluation, with its score reflecting a change from 8 to 5 over the past three months.

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