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 ₹ 146 Cr.
- Current Price ₹ 34.8
- High / Low ₹ 140 / 34.0
- 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 0.55 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 5.87% 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 | 175 | 190 | 178 | 225 | 208 | 233 | |
| 123 | 128 | 148 | 143 | 190 | 206 | 245 | |
| Operating Profit | 41 | 47 | 42 | 36 | 35 | 2 | -11 |
| OPM % | 25% | 27% | 22% | 20% | 16% | 1% | -5% |
| 2 | 4 | 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: | -44% |
| 1 Year: | -69% |
| 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% | 77% | 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 | 176 | 198 | 190 | 236 | 342 | 277 |
| Days Payable | 42 | 84 | 79 | 70 | 119 | 166 | 132 |
| Cash Conversion Cycle | 147 | 175 | 193 | 210 | 295 | 400 | 295 |
| Working Capital Days | 106 | 59 | 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Combined Production Capacity SMT p.a. |
|
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| Engineered Stones Revenue Share % |
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| Engineered Stones Volume sqm |
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| Export Revenue Share % |
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| Natural Stones Volume sqm |
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| Capacity Utilization % ・Standalone data |
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| Total Workforce count |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026, enclosed herewith.
-
Receipt Of Order Passed Under Section 271D Of Income Tax Act, 1961
30 Jun - Income tax department imposed Rs. 1.74 crore penalty for alleged Section 269SS violation in AY 2019-20.
-
Closure of Trading Window
26 Jun - Trading window closes from July 1, 2026 until 48 hours after Q1 FY27 results.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 25 Jun
- Proceedings Of Postal Ballot 25 Jun
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.