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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Investment Thesis
Ace Stone Craft Limited is a micro-cap unlisted company in Rajasthan's stone and marble products sector with a market cap of ~INR 2.44 Crore and a share price near par at INR 1.04. Rajasthan's strong stone industry fundamentals offer a favorable operating environment, but the company's tiny scale, near-par share price, and lack of public disclosures suggest it is either very early-stage or facing significant headwinds. Only investors with direct access to the company's financials and operations should consider this investment.
Pros
Cons
Business Segments
Stone Processing & Trading
Processing, converting, refining granite, marble, sandstone; manufactures tiles, slabs, panels, monuments, tombstones, decorative and architectural pieces.
Import/Export
Imports and exports processed stone products internationally.
Revenue Model
Revenue is generated from the sale of quarried stone, processed stone products (tiles, slabs, handicrafts), and potentially export trading of stone blocks and finished products to international buyers. Rajasthan stone companies may also earn revenue from artisanal stone craft products.
Detailed Analysis
Industry Tailwinds
India's construction boom driving stone demand
Growing export of Indian stone to Middle East and Europe
Frequently Asked Questions
About Ace Stone Craft
Ace Stone Craft Limited is an Indian company engaged in the processing and crafting of natural stone products including marble, granite, and sandstone. India is one of the world's largest producers and exporters of natural stone, with Rajasthan being a major hub. The company processes stone for domestic construction and export markets.
Key Milestones
Incorporated March 11, 1992 in Cuttack, Odisha (CIN: L26994OR1992PLC003022)
Engaged in granite, marble, and stone processing for domestic and export markets
Revenue remained below Rs.1 Cr in FY23 — minimal operational scale
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Mining license and environmental clearance risks: Changes in government mining policies or non-renewal of licenses can halt operations
Source: AlphaHub Research
Real estate sector dependency: Demand for stone products is directly tied to construction and real estate activity cycles
Source: Media Reports / Public Records
Export market risk: Fluctuations in global construction demand and currency movements affect export revenues
Source: AlphaHub Research
Competition: Rajasthan has a very fragmented stone industry with hundreds of quarries and processors competing on price
Source: Media Reports / Public Records
Labor risk: Stone processing is labor-intensive and subject to safety regulations and potential operational disruptions
Source: AlphaHub Research
Mining license and environmental clearance risks: Changes in government mining policies or non-renewal of licenses can halt operations
Real estate sector dependency: Demand for stone products is directly tied to construction and real estate activity cycles
Export market risk: Fluctuations in global construction demand and currency movements affect export revenues
Competition: Rajasthan has a very fragmented stone industry with hundreds of quarries and processors competing on price
Labor risk: Stone processing is labor-intensive and subject to safety regulations and potential operational disruptions