Global Surfaces Ltd
Incorporated in 2004, Global Surfaces Ltd
is in the business of manufacturing quartz
and processing of granite and marble[1]
- Market Cap ₹ 223 Cr.
- Current Price ₹ 52.6
- High / Low ₹ 141 / 43.7
- Stock P/E
- Book Value ₹ 63.8
- Dividend Yield 0.00 %
- ROCE -1.62 %
- ROE -10.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.82 times its book value
- Company's working capital requirements have reduced from 125 days to 61.6 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.83% over past five years.
- Company has a low return on equity of -4.50% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.21.7 Cr.
- Company has high debtors of 151 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 163 | 176 | 190 | 178 | 225 | 208 | 233 | |
| 123 | 128 | 148 | 143 | 190 | 206 | 245 | |
| Operating Profit | 41 | 48 | 42 | 36 | 35 | 2 | -11 |
| OPM % | 25% | 27% | 22% | 20% | 16% | 1% | -5% |
| 2 | 3 | 8 | 3 | 4 | 7 | 22 | |
| Interest | 5 | 3 | 3 | 4 | 4 | 15 | 15 |
| Depreciation | 17 | 13 | 11 | 9 | 9 | 19 | 18 |
| Profit before tax | 21 | 35 | 36 | 25 | 25 | -25 | -23 |
| Tax % | -1% | 2% | 1% | 4% | 22% | 16% | 38% |
| 21 | 34 | 36 | 24 | 20 | -29 | -32 | |
| EPS in Rs | 32.50 | 52.61 | 10.52 | 5.72 | 4.41 | -6.73 | -7.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 9% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -37% |
| 1 Year: | -62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -5% |
| Last Year: | -11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 34 | 42 | 42 | 42 | 42 |
| Reserves | 58 | 92 | 100 | 219 | 288 | 260 | 228 |
| 54 | 38 | 79 | 166 | 145 | 199 | 214 | |
| 11 | 22 | 23 | 35 | 47 | 56 | 56 | |
| Total Liabilities | 129 | 159 | 236 | 462 | 522 | 558 | 541 |
| 60 | 54 | 88 | 89 | 294 | 286 | 296 | |
| CWIP | 0 | 1 | 7 | 124 | 0 | 0 | 0 |
| Investments | 0 | 0 | 11 | 6 | 0 | 0 | 0 |
| 69 | 104 | 131 | 244 | 227 | 271 | 245 | |
| Total Assets | 129 | 159 | 236 | 462 | 522 | 558 | 541 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 54 | 32 | 28 | 27 | -37 | -31 | 27 | |
| -11 | -8 | -28 | -205 | 9 | -6 | -10 | |
| -46 | -19 | -3 | 183 | 24 | 37 | -16 | |
| Net Cash Flow | -3 | 5 | -3 | 4 | -4 | 0 | 1 |
| Free Cash Flow | 44 | 24 | 18 | -87 | -141 | -35 | 19 |
| CFO/OP | 142% | 76% | 87% | 97% | -91% | -1,393% | -248% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 83 | 75 | 90 | 178 | 224 | 151 |
| Inventory Days | 126 | 170 | 198 | 190 | 236 | 342 | 277 |
| Days Payable | 42 | 81 | 79 | 70 | 119 | 166 | 132 |
| Cash Conversion Cycle | 147 | 172 | 193 | 210 | 295 | 400 | 295 |
| Working Capital Days | 106 | 123 | 103 | -80 | 169 | 144 | 62 |
| ROCE % | 30% | 21% | 9% | 7% | -2% | -2% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Installed Capacity - Engineered Stones sq. mtrs. p.a. |
|
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| Installed Capacity - Natural Stones sq. mtrs. p.a. |
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| Export Share of Revenue % |
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| Capacity Utilization - Engineered Quartz (Unit II) % ・Standalone data |
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| Number of Workforce count |
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| Sales Volume - Engineered Stones sqm/pa |
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| Sales Volume - Natural Stones sqm/pa |
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| Capacity Utilization - Dubai Facility (Unit III) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Earnings Presentation For Q4 FY 2025-26
3 Jun - Global Surfaces submitted Q4 FY2025-26 earnings presentation; Bagru natural stones unit discontinued March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - The Newspaper advertisement publishing the Postal Ballot Notice (01/2026-27) of the Company.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - The newspaper advertisement for the extract of Audit Financial Results of the Company for the quarter and financial year ended March 31, 2026, published in …
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
26 May - Postal ballot notice dated May 25, 2026 for director appointment, redesignation and FY27 related party transactions.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Filed Annual Secretarial Compliance Report for year ended March 31, 2026; no non-compliances observed.
Business Profile[1]
Global Surfaces Limited (GSL), established in 1991 and headquartered in Jaipur, is engaged in the manufacturing and export of engineered quartz and natural stones. The company operates 2 manufacturing plants in India and 1 in UAE.