Global Surfaces Ltd

Global Surfaces Ltd

₹ 214 0.94%
07 May - close price
About

Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.[1]

Key Points

Product segment
A) Natural stones[1] are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, etc. that are quarried from the earth

  • Market Cap 907 Cr.
  • Current Price 214
  • High / Low 333 / 168
  • Stock P/E 40.7
  • Book Value 64.2
  • Dividend Yield 0.00 %
  • ROCE 12.4 %
  • ROE 12.7 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.4%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.12.4 Cr.

* 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
39.25 48.41 49.16 40.36 39.11 38.82 38.41 40.47
32.81 41.11 37.65 32.10 31.71 32.03 33.00 34.85
Operating Profit 6.44 7.30 11.51 8.26 7.40 6.79 5.41 5.62
OPM % 16.41% 15.08% 23.41% 20.47% 18.92% 17.49% 14.08% 13.89%
2.64 1.93 0.07 1.08 1.35 2.87 4.92 3.28
Interest 1.16 1.15 0.72 0.82 0.81 0.87 0.99 0.72
Depreciation 2.83 0.48 3.88 2.68 2.32 1.68 1.75 1.80
Profit before tax 5.09 7.60 6.98 5.84 5.62 7.11 7.59 6.38
Tax % 1.18% 0.92% 7.59% 3.77% 2.49% 19.69% 24.90% 15.99%
5.04 7.53 6.45 5.62 5.48 5.71 5.70 5.37
EPS in Rs 1.49 2.22 1.90 1.66 1.29 1.35 1.34 1.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
72 136 163 175 189 177 157
65 104 123 128 148 143 132
Operating Profit 7 32 40 47 41 34 25
OPM % 9% 24% 25% 27% 22% 19% 16%
2 1 3 4 9 4 12
Interest 3 6 5 3 3 4 3
Depreciation 3 12 17 13 11 9 8
Profit before tax 2 15 21 34 36 26 27
Tax % 35% 14% -8% 2% 1% 4%
1 13 23 34 35 25 22
EPS in Rs 2.19 20.42 35.27 52.30 10.47 5.92 5.25
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 3%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: 79%
3 Years: 3%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 23%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 34 42 42
Reserves 22 36 59 92 100 218 230
68 91 53 38 38 44 42
18 19 10 22 23 20 28
Total Liabilities 113 152 129 158 194 325 342
26 66 60 54 48 47 45
CWIP 37 0 0 1 6 0 0
Investments 0 0 0 0 12 26 22
50 86 69 104 129 252 275
Total Assets 113 152 129 158 194 325 342

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 136 121 64 84 76 92
Inventory Days 144 138 121 176 198 190
Days Payable 107 78 38 81 78 69
Cash Conversion Cycle 173 181 146 178 195 213
Working Capital Days 169 153 106 126 158 168
ROCE % 19% 21% 29% 24% 12%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.37% 73.37% 73.37% 73.37% 73.37%
7.49% 4.85% 1.71% 2.34% 2.11%
1.02% 0.45% 0.62% 0.45% 0.00%
18.13% 21.32% 24.29% 23.85% 24.52%
No. of Shareholders 13,03711,57812,35713,60312,894

* 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.

Click on the line-items to see the names of individual entities.

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