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 ₹ 97.5 Cr.
- Current Price ₹ 23.0
- High / Low ₹ 140 / 22.1
- Stock P/E
- Book Value ₹ 62.9
- Dividend Yield 0.00 %
- ROCE -1.69 %
- ROE -10.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.36 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 -4.52% over last 3 years.
- Contingent liabilities of Rs.41.9 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.14.1 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 163 | 175 | 190 | 178 | 225 | 208 | 233 | 230 | |
| Sales growth | +7% | +9% | -6% | +27% | -8% | +12% | -1% | |
| 123 | 128 | 148 | 143 | 190 | 206 | 245 | 236 | |
| Operating Profit | 41 | 47 | 42 | 36 | 35 | 2 | -11 | -6 |
| OPM % | 25% | 27% | 22% | 20% | 16% | 0.9% | -4.9% | -2.7% |
| 2 | 4 | 8 | 3 | 4 | 7 | 22 | 14 | |
| Interest | 5 | 3 | 3 | 4 | 4 | 15 | 15 | 15 |
| Depreciation | 17 | 13 | 11 | 9 | 9 | 19 | 18 | 18 |
| Profit before tax | 21 | 35 | 36 | 25 | 25 | -25 | -23 | -25 |
| Tax % | -1% | 2% | 1% | 4% | 22% | 16% | 38% | |
| 21 | 34 | 36 | 24 | 20 | -29 | -32 | -32 | |
| EPS in Rs | 6.20 | 10.04 | 10.52 | 5.72 | 4.41 | -6.73 | -7.18 | -7.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 9% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -52% |
| 1 Year: | -82% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 34 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 58 | 92 | 100 | 219 | 288 | 260 | 228 | 224 |
| 54 | 38 | 79 | 166 | 145 | 199 | 214 | 206 | |
| 11 | 22 | 23 | 35 | 47 | 56 | 56 | 70 | |
| Total Liabilities | 129 | 159 | 236 | 462 | 522 | 558 | 541 | 542 |
| 60 | 54 | 88 | 89 | 294 | 286 | 296 | 290 | |
| CWIP | 0 | 1 | 7 | 124 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 11 | 6 | 0 | 0 | 0 | 0 |
| 69 | 104 | 131 | 244 | 227 | 271 | 245 | 252 | |
| Total Assets | 129 | 159 | 236 | 462 | 522 | 558 | 541 | 542 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 142% | 77% | 87% | 97% | -91% | -1,393% | -248% |
Ratios
Consolidated / 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 | 165 | 132 |
| Cash Conversion Cycle | 147 | 175 | 193 | 210 | 295 | 401 | 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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| Capacity Utilization % ・Standalone data |
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| Total Workforce count |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- The Transcript of the Earning''s conference Call (Q2/H1 FY''27) held on November 3, 2026
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspapers publication for extract of un-audited financial results for quarter and period ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2/H1 FY27 earnings call uploaded on November 3, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Earning''S presentation for the quarter and period ended on September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Earning''s Presentation for the quarter and period ended on September 30, 2026.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
Business Overview:[1]
GSL started as a natural stone processor and transitioned to an integrated manufacturer and exporter of premium surface solutions. The company deals in the mining, processing, manufacturing, and supply of natural stones
and engineered quartz, granite, marble, and
soft quartzite, in slabs and customized countertop applications