Global Surfaces Limited
NSE: GSLSUGranites & MarblesASM stage 1
Share price
₹27.44
-4.99% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
34
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹115 Cr
P/E ratio
—
P/B ratio
0.4
ROCE
-1.7%
ROE
-10.8%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales fell 0.4% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 19.7% to -7.6% over the last three years.
Whether it grew faster than its sector
It grew 11.8% a year against a sector median of 11.3% — 0.5 percentage points faster.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Global Surfaces Limited — this one | — | — | — |
| Midwest Limited | 26%/yr | 32.1× | ₹1.2 |
| Pokarna Limited | 7%/yr | 21.4× | ₹3.1 |
| Pacific Industries Limited | -34%/yr | 46.6× | — |
| Oriental Trimex Limited | 36%/yr | 17.4× | ₹0.48 |
| Aro Granite Industries Limited | — | — | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Granites & Marbles), it ranks 7 of 7 on returns, 1 of 7 on growth, 6 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
It is losing money on the capital in the business, so there is no advantage to measure.
Whether its growth pays for itself
No — Over the last five years it made ₹14 crore of cash from the business but spent ₹240 crore on plant and equipment, ₹226 crore more than it made; the gap was from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 7 years, about 135 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 103 days for its cash to waiting 62 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 8 checks clear · 63%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 11 Aug 2026 · Consolidated · Unaudited
Revenue
₹65 Cr
Revenue vs last year
-11.6%
Revenue vs last quarter
+45.4%
Net profit
₹0 Cr
Net margin
0.1%
EPS
₹0.04
Earnings call transcript · 11 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹115 Cr
- Prev close
- ₹27.44
- 52w High
- ₹140
- 52w Low
- ₹23.1
- Enterprise value
- ₹319 Cr
- Beta
- 1.2
- Price CAGR 1y
- -69.0%
- Price CAGR 3y
- -48.0%
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- -5.9%
- PEG ratio
- —
- P/E ratio
- —
- P/B ratio
- 0.4
- EV / EBITDA
- -30.5
- Industry P/E
- 32.3
- ROCE
- -1.7%
- ROCE 5y average
- 6.6%
- ROE
- -10.8%
- Debt / Equity
- 0.8
- Interest coverage
- -0.5
- Dividend yield
- 0.0%
- ROE 3y average
- -5.0%
- ROE last year
- -11.0%
Annual P&L
- Annual revenue
- ₹233 Cr
- Annual profit
- -₹32 Cr
- Operating margin
- -4.9%
- Net profit margin
- -13.7%
- EBITDA margin
- -4.7%
- Sales growth 3y
- 9.4%
- Sales growth 5y
- 5.9%
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹-7.2
- Sales growth TTM
- 0.0%
- Profit growth TTM
- -8.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹65 Cr
- Profit latest quarter
- ₹0 Cr
- YoY quarterly sales growth
- -12.2%
- YoY quarterly profit growth
- —
- OPM latest quarter
- 12.7%
Balance Sheet
- Book Value
- ₹64.3
- Face Value
- ₹10.0
- Total debt
- ₹214 Cr
- Total cash
- ₹11 Cr
- Borrowings
- ₹214 Cr
- Reserves / Equity
- 5.4
Cash Flow
- Operating cash flow
- ₹27 Cr
- Free cash flow
- ₹19 Cr
- FCF yield
- 3.3%
- Net cash flow
- ₹1 Cr
Shareholding
- Promoter holding
- 73.3%
- FII holding
- 0.8%
- DII holding
- 0.0%
- Public holding
- 26.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Midwest | 1,067.15 | 34.8 | 3,859 | 0.00 | 31.0 | 26.7 | 191.8 | 34.8 | 15.8 |
| Pokarna | 704.45 | 23.0 | 2,184 | 0.09 | 42.6 | 50.6 | 189.4 | 10.8 | 11.5 |
| Esprit Stones | 62.10 | 136 | 0.00 | -1.2 | -113.5 | 73.3 | -54.3 | -0.3 | |
| Global Surfaces | 28.88 | 122 | 0.00 | 0.1 | 134.9 | 65.4 | -12.2 | -1.7 | |
| Pacific Inds | 138.59 | 34.6 | 96 | 0.00 | 1.7 | 81.7 | 63.9 | 28.7 | 1.1 |
| Elegant Marbles | 175.50 | 16.7 | 52 | 0.00 | 0.7 | -42.3 | 6.8 | 0.3 | 3.8 |
| Royal Cush. Vin. | 12.40 | 45 | 0.00 | -5.1 | -1121.4 | 8.3 | -34.6 | -0.2 | |
| Median | 383.28 | 28.9 | 1,160 | 0.00 | 15.6 | 38.6 | 131.4 | -0.7 | 5.6 |
Competes with: Aro Granite Industries Limited, Madhav Marbles and Granites Limited, Midwest Limited, Oriental Trimex Limited, Pacific Industries Limited, Pokarna Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 36 | 40 | 40 | 109 | 57 | 47 | 46 | 57 | 75 | 54 | 59 | 45 | 65 |
| Expenses | 31 | 33 | 33 | 92 | 50 | 45 | 51 | 59 | 67 | 58 | 56 | 64 | 57 |
| Material Cost | 27 | 34 | 22 | 40 | 11 | 22 | |||||||
| Change in Inventories | 2.06 | 2.08 | 3.88 | -12 | 12 | 9.71 | |||||||
| Purchases of Stock-in-Trade | 0.36 | 0.18 | 0.92 | -0.42 | 0.61 | 1.03 | |||||||
| Employee Cost | 7.56 | 8.27 | 8.32 | 8.23 | 8.48 | 7.63 | |||||||
| Other Expenses | 23 | 22 | 22 | 20 | 32 | 16 | |||||||
| Operating Profit | 5.25 | 6.80 | 6.72 | 16 | 7.45 | 1.73 | -5.31 | -1.92 | 7.94 | -3.56 | 3.24 | -19 | 8.33 |
| OPM % | 14 | 17 | 17 | 15 | 13 | 3.68 | -12 | -3.34 | 11 | -6.58 | 5.47 | -42 | 13 |
| Other Income | 1.04 | 2.01 | 0.79 | -0.12 | 0.69 | 1.04 | 5.39 | 0.11 | 0.23 | 9.17 | 2.45 | 9.86 | 0.19 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 0.91 | 1.43 | 1.15 | 1.02 | 3.35 | 3.12 | 4.16 | 4.82 | 3.65 | 3.67 | 3.88 | 3.79 | 3.54 |
| Depreciation | 1.70 | 1.79 | 1.87 | 3.57 | 4.54 | 4.64 | 4.69 | 4.80 | 4.41 | 4.72 | 4.72 | 4.53 | 4.50 |
| Profit before tax | 3.68 | 5.59 | 4.49 | 11 | 0.25 | -4.99 | -8.77 | -11 | 0.11 | -2.78 | -2.91 | -17 | 0.48 |
| Tax % | 41 | 40 | 24 | 5.66 | 604 | 24 | 19 | -3.67 | 627 | 64 | 15 | 34 | 88 |
| Net Profit | 2.18 | 3.36 | 3.41 | 11 | -1.26 | -6.20 | -10 | -11 | -0.57 | -4.56 | -3.34 | -23 | 0.06 |
| EPS in Rs | 0.51 | 0.64 | 0.77 | 2.48 | -0.29 | -1.51 | -2.45 | -2.48 | -0.10 | -1.10 | -0.71 | -5.27 | 0.04 |
| Diluted EPS in Rs | -2.48 | -0.10 | -1.10 | -0.71 | -5.27 | 0.04 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 163 | 175 | 190 | 178 | 225 | 208 | 233 | 224 |
| Expenses | 123 | 128 | 148 | 143 | 190 | 206 | 245 | 235 |
| Material Cost | 108 | 108 | ||||||
| Change in Inventories | -12 | 6.45 | ||||||
| Purchases of Stock-in-Trade | 5.12 | 1.30 | ||||||
| Employee Cost | 29 | 33 | ||||||
| Other Expenses | 76 | 96 | ||||||
| Operating Profit | 41 | 47 | 42 | 36 | 35 | 2 | -11 | -11 |
| OPM % | 25 | 27 | 22 | 20 | 16 | 0.90 | -4.90 | -4.90 |
| Other Income | 2 | 4 | 8 | 3 | 4 | 7 | 22 | 22 |
| Exceptional items (within Other Income) | 0 | 0 | ||||||
| Interest | 5 | 3 | 3 | 4 | 4 | 15 | 15 | 15 |
| Depreciation | 17 | 13 | 11 | 9 | 8.93 | 19 | 18 | 18 |
| Profit before tax | 21 | 35 | 36 | 25 | 25 | -25 | -23 | -23 |
| Tax % | -1 | 2 | 1 | 4 | 22 | 16 | 38 | |
| Net Profit | 21 | 34 | 36 | 24 | 20 | -29 | -32 | -31 |
| EPS in Rs | 33 | 53 | 11 | 5.72 | 4.41 | -6.73 | -7.18 | -7.04 |
| Diluted EPS in Rs | -6.73 | -7.18 | ||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 6%
- 3 years
- 9%
- TTM
- 0%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- -8%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- -48%
- 1 year
- -69%
Return on equity
- 10 years
- —
- 5 years
- 1%
- 3 years
- -5%
- Last year
- -11%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | 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 |
| Borrowings | 54 | 38 | 79 | 166 | 145 | 199 | 214 |
| Other Liabilities | 11 | 22 | 23 | 35 | 47 | 56 | 56 |
| Minority Interest | 1.65 | 0.31 | |||||
| Total Liabilities | 129 | 159 | 236 | 462 | 522 | 558 | 541 |
| Fixed Assets | 60 | 54 | 88 | 89 | 294 | 286 | 296 |
| CWIP | 0 | 1 | 7 | 124 | 0 | 0 | 0 |
| Investments | 0 | 0 | 11 | 6 | 0 | 0 | 0 |
| Other Assets | 69 | 104 | 131 | 244 | 227 | 271 | 245 |
| Total Assets | 129 | 159 | 236 | 462 | 522 | 558 | 541 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 54 | 32 | 28 | 27 | -37 | -31 | 27 |
| Cash from Investing Activity | -11 | -8 | -28 | -205 | 9 | -6 | -10 |
| Cash from Financing Activity | -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 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | 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 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
exports as % of revenue
95.00pct
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Global Surfaces Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- cristobalite
- natural stone blocks (granite, marble, quartzite, soapstone, phyllite)
- pigments and additives
- polyester resin binder
- quartz grit / quartz powder
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Durables
- Industry
- Granites & Marbles
- Classification
- Consumer Durables › Granites & Marbles
- ISIN
- INE0JSX01015
Business segments
- United Arab Emirates · 53%
- India · 28%
- United States of America · 19%
Plants
- Unit I - Bagru natural stone processing plant
- Unit II - Mahindra World City SEZ engineered quartz plant
- Unit III - Global Surfaces FZE Jebel Ali Free Zone plant
News impact
Big market events that reach Global Surfaces Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 3 Jun 2026 | KURJIBHAI PREMJIBHAI RUPARELIYA | BUY | 11,61,548 | ₹55.83 |
| 3 Jun 2026 | PINE OAK GLOBAL FUND | SELL | 3,40,023 | ₹55.40 |
| 3 Jun 2026 | SW CAPITAL PRIVATE LIMITED | SELL | 3,32,446 | ₹55.95 |
| 3 Jun 2026 | SW CAPITAL PRIVATE LIMITED | BUY | 3,15,389 | ₹55.02 |
| 3 Jun 2026 | LEADING LEASING FINANCE & INVESTMENT COMPANY LTD | SELL | 2,54,822 | ₹55.80 |
| 3 Jun 2026 | KURJIBHAI PREMJIBHAI RUPARELIYA | SELL | 1,432 | ₹57.03 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2626 Aug 2026
- Earnings call11 Aug 2026
- Annual report · 2024-2523 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.