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 ₹ 539 Cr.
- Current Price ₹ 127
- High / Low ₹ 246 / 91.9
- Stock P/E 68.9
- Book Value ₹ 80.1
- Dividend Yield 0.00 %
- ROCE 4.31 %
- ROE 2.33 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -2.69% over past five years.
- Company has a low return on equity of 6.50% over last 3 years.
- Earnings include an other income of Rs.22.9 Cr.
- Debtor days have increased from 122 to 148 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
72 | 136 | 163 | 175 | 189 | 177 | 162 | 142 | |
65 | 104 | 123 | 128 | 148 | 143 | 141 | 142 | |
Operating Profit | 7 | 32 | 40 | 47 | 41 | 34 | 21 | -0 |
OPM % | 9% | 24% | 25% | 27% | 22% | 19% | 13% | -0% |
2 | 1 | 3 | 4 | 9 | 4 | 15 | 23 | |
Interest | 3 | 6 | 5 | 3 | 3 | 4 | 4 | 5 |
Depreciation | 3 | 12 | 17 | 13 | 11 | 9 | 7 | 6 |
Profit before tax | 2 | 15 | 21 | 34 | 36 | 26 | 26 | 12 |
Tax % | 35% | 14% | -8% | 2% | 1% | 4% | 18% | 34% |
1 | 13 | 23 | 34 | 35 | 25 | 21 | 8 | |
EPS in Rs | 2.19 | 20.42 | 35.27 | 52.30 | 10.47 | 5.92 | 4.97 | 1.85 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -9% |
TTM: | -12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -19% |
3 Years: | -38% |
TTM: | -63% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -43% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 7% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 34 | 42 | 42 | 42 |
Reserves | 22 | 36 | 59 | 92 | 100 | 218 | 289 | 297 |
68 | 91 | 53 | 38 | 38 | 44 | 42 | 50 | |
18 | 19 | 10 | 22 | 23 | 20 | 26 | 28 | |
Total Liabilities | 113 | 152 | 129 | 158 | 194 | 325 | 399 | 417 |
26 | 66 | 60 | 54 | 48 | 47 | 43 | 39 | |
CWIP | 37 | 0 | 0 | 1 | 6 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 12 | 26 | 21 | 21 |
50 | 86 | 69 | 104 | 129 | 252 | 334 | 357 | |
Total Assets | 113 | 152 | 129 | 158 | 194 | 325 | 399 | 417 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
13 | 5 | 52 | 31 | 28 | 25 | 3 | 4 | |
-49 | -20 | -10 | -8 | -28 | -124 | -53 | -6 | |
35 | 17 | -44 | -19 | -3 | 105 | 44 | 3 | |
Net Cash Flow | -1 | 3 | -3 | 4 | -4 | 6 | -6 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 136 | 121 | 64 | 84 | 76 | 92 | 126 | 148 |
Inventory Days | 144 | 138 | 121 | 176 | 198 | 190 | 248 | 225 |
Days Payable | 107 | 78 | 38 | 81 | 78 | 69 | 108 | 112 |
Cash Conversion Cycle | 173 | 181 | 146 | 178 | 195 | 213 | 266 | 261 |
Working Capital Days | 169 | 153 | 106 | 126 | 158 | 168 | 241 | 285 |
ROCE % | 19% | 21% | 29% | 24% | 12% | 9% | 4% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 9 Jun
-
Announcement under Regulation 30 (LODR)-Credit Rating
7 Jun - Acuité reaffirms Global Surfaces' Rs.143.10 Cr bank facilities rating BBB+ negative outlook, A2 short-term.
-
Announcement Under Regulation 30
4 Jun - 95 lakh warrants lapsed; Rs.49.87 crore forfeited due to non-conversion by June 3, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Submission of Newspaper clippings of advertisement published in Newspaper on Sunday, June 01, 2025 regarding dispatch of Postal Ballot Notice to the shareholders on May …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 31 May
Concalls
-
Jun 2025TranscriptNotesPPT
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