Global Surfaces Ltd

Global Surfaces Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Global Surfaces Ltd

₹ 132 6.00%
19 Nov - close price
globalsurfaces.in BSE: 543829 NSE: GSLSU
About

Incorporated in 2004, Global Surfaces Ltd
is in the business of manufacturing quartz
and processing of granite and marble[1]

Key Points

Business Overview:[1][2]
GSL is in the business of mining, production, and export of natural stones and engineered quartz. It offers a wide range of products and stones like - granite, marble, soft quartzite, soapstone, and phyllite in slab and countertops customized according to different sizes, shapes, forms, and colors

Website BSE NSE
  • Market Cap ₹ 558 Cr.
  • Current Price ₹ 132
  • High / Low ₹ 192 / 84.7
  • Stock P/E 125
  • Book Value ₹ 81.5
  • Dividend Yield 0.00 %
  • ROCE 4.27 %
  • ROE 2.30 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.69% over past five years.
  • Company has a low return on equity of 6.49% over last 3 years.
  • Earnings include an other income of Rs.29.8 Cr.
  • Debtor days have increased from 122 to 148 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Granites & Marbles

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
49.16 40.36 39.11 38.82 38.41 40.47 44.43 42.60 36.95 32.77 29.60 28.15 16.51
37.65 32.10 31.71 32.03 33.00 34.85 40.76 37.03 35.52 36.07 33.75 27.51 21.09
Operating Profit 11.51 8.26 7.40 6.79 5.41 5.62 3.67 5.57 1.43 -3.30 -4.15 0.64 -4.58
OPM % 23.41% 20.47% 18.92% 17.49% 14.08% 13.89% 8.26% 13.08% 3.87% -10.07% -14.02% 2.27% -27.74%
0.07 1.08 1.35 2.87 4.92 3.28 3.88 4.65 5.41 9.75 3.08 3.60 13.37
Interest 0.72 0.82 0.81 0.87 0.99 0.72 0.97 0.91 0.91 0.92 1.81 1.01 0.92
Depreciation 3.88 2.68 2.32 1.68 1.75 1.80 1.87 1.45 1.50 1.51 1.56 1.11 1.17
Profit before tax 6.98 5.84 5.62 7.11 7.59 6.38 4.71 7.86 4.43 4.02 -4.44 2.12 6.70
Tax % 7.59% 3.77% 2.49% 19.69% 24.90% 15.99% 8.70% 18.96% 23.25% 45.77% -7.21% 30.66% 26.57%
6.45 5.62 5.48 5.71 5.70 5.37 4.29 6.37 3.40 2.18 -4.11 1.46 4.93
EPS in Rs 1.90 1.66 1.29 1.35 1.34 1.27 1.01 1.50 0.80 0.51 -0.97 0.34 1.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
72 136 163 175 189 177 162 142 107
65 104 123 128 148 143 141 142 118
Operating Profit 7 32 40 47 41 34 21 -0 -11
OPM % 9% 24% 25% 27% 22% 19% 13% -0% -11%
2 1 3 4 9 4 15 23 30
Interest 3 6 5 3 3 4 4 5 5
Depreciation 3 12 17 13 11 9 7 6 5
Profit before tax 2 15 21 34 36 26 26 12 8
Tax % 35% 14% -8% 2% 1% 4% 18% 34%
1 13 23 34 35 25 21 8 4
EPS in Rs 2.19 20.42 35.27 52.30 10.47 5.92 4.97 1.85 1.04
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: -9%
TTM: -35%
Compounded Profit Growth
10 Years: %
5 Years: -19%
3 Years: -39%
TTM: -77%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -26%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 6%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 6 6 6 6 34 42 42 42 42
Reserves 22 36 59 92 100 218 289 297 303
68 91 53 38 38 44 42 50 46
18 19 10 22 23 20 26 28 22
Total Liabilities 113 152 129 158 194 325 399 417 414
26 66 60 54 48 47 43 39 37
CWIP 37 0 0 1 6 0 0 0 0
Investments 0 0 0 0 12 26 21 21 21
50 86 69 104 129 252 334 357 355
Total Assets 113 152 129 158 194 325 399 417 414

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
13 5 52 31 28 25 3 4
-49 -20 -10 -8 -28 -124 -53 -6
35 17 -44 -19 -3 105 44 3
Net Cash Flow -1 3 -3 4 -4 6 -6 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 136 121 64 84 76 92 126 148
Inventory Days 144 138 121 176 198 190 248 225
Days Payable 107 78 38 81 78 69 108 112
Cash Conversion Cycle 173 181 146 178 195 213 266 261
Working Capital Days 10 37 22 61 107 92 157 163
ROCE % 19% 21% 29% 24% 12% 9% 4%

Shareholding Pattern

Numbers in percentages

20 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.26% 73.25% 73.25% 73.25% 73.25%
7.49% 4.85% 1.71% 2.34% 2.11% 1.89% 1.53% 1.53% 1.67% 0.57% 0.76%
1.02% 0.45% 0.62% 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
18.13% 21.32% 24.29% 23.85% 24.52% 24.75% 25.22% 25.24% 25.08% 26.20% 25.98%
No. of Shareholders 13,03711,57812,35713,60312,89413,51914,34314,80014,66814,82515,612

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Concalls

  • Nov 2025
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  • Aug 2025
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  • Jun 2025
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