Global Surfaces Ltd

Global Surfaces Ltd

₹ 117 -2.74%
25 Jul - close price
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

  • Market Cap 494 Cr.
  • Current Price 117
  • High / Low 246 / 91.9
  • Stock P/E
  • Book Value 71.3
  • Dividend Yield 0.00 %
  • ROCE -1.94 %
  • ROE -9.02 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.90% over past five years.
  • Company has a low return on equity of 1.77% over last 3 years.
  • Earnings include an other income of Rs.7.24 Cr.
  • Company has high debtors of 224 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
38 49 49 40 40 36 40 40 109 57 47 46 57
32 41 38 32 32 31 33 33 92 50 45 51 59
Operating Profit 7 7 12 8 8 5 7 7 16 7 2 -5 -2
OPM % 17% 15% 24% 21% 20% 14% 17% 17% 15% 13% 4% -12% -3%
2 2 -1 0 1 1 2 1 -0 1 1 5 0
Interest 1 1 1 1 1 1 1 1 1 3 3 4 5
Depreciation 3 0 4 3 2 2 2 2 4 5 5 5 5
Profit before tax 5 8 7 5 6 4 6 4 11 0 -5 -9 -11
Tax % 1% 1% 8% 5% 3% 41% 40% 24% 6% 604% 24% 19% -4%
5 8 6 5 6 2 3 3 11 -1 -6 -10 -11
EPS in Rs 1.48 2.23 1.79 1.45 1.36 0.51 0.64 0.77 2.48 -0.29 -1.51 -2.45 -2.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
163 176 190 178 225 208
123 128 148 143 190 206
Operating Profit 41 48 42 36 35 2
OPM % 25% 27% 22% 20% 16% 1%
2 3 8 3 4 7
Interest 5 3 3 4 4 15
Depreciation 17 13 11 9 9 19
Profit before tax 21 35 36 25 25 -25
Tax % -1% 2% 1% 4% 22% 16%
21 34 36 24 20 -29
EPS in Rs 32.50 52.61 10.52 5.72 4.41 -6.73
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 3%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -253%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 2%
Last Year: -9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 6 6 34 42 42 42
Reserves 58 92 100 219 288 260
54 38 79 166 145 199
11 22 23 35 47 56
Total Liabilities 129 159 236 462 522 558
60 54 88 89 294 286
CWIP 0 1 7 124 0 0
Investments 0 0 11 6 0 0
69 104 131 244 227 271
Total Assets 129 159 236 462 522 558

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
54 32 28 27 -37 -31
-11 -8 -28 -205 9 -6
-46 -19 -3 183 24 37
Net Cash Flow -3 5 -3 4 -4 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 63 83 75 90 178 224
Inventory Days 126 170 198 190 236 342
Days Payable 42 81 79 70 119 166
Cash Conversion Cycle 147 172 193 210 295 400
Working Capital Days 106 123 154 128 243 320
ROCE % 30% 21% 9% 7% -2%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.26% 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%
1.02% 0.45% 0.62% 0.45% 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%
No. of Shareholders 13,03711,57812,35713,60312,89413,51914,34314,80014,66814,825

* 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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