Global Surfaces
GSLSU NSE
Global Surfaces
Consumer GoodsNSE: GSLSU BSE: 543829 Granites & Marbles
Key Fundamentals
MicrocapGranites & MarblesConsumer GoodsMarket Cap
₹115 Cr
Volatility
Moderate
P/E Ratio
-3.7
EBITDA
₹10.40 Cr
Return on Equity
-11.75%
Debt to Equity
0.79
Book Value
₹63.84
52W High
₹139.67
52W Low
₹23.06
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.44 times its book value
- Company's working capital requirements have reduced from 125 days to 61.6 days
Weaknesses
7- 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 -4.55% 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.21.7 Cr.
- Company has high debtors of 151 days.
Growth Rate
Revenue Growth
18.61% higher than
3Y
Net Income Growth
10.03% higher than
3Y
Cash Flow Change
188% higher than
3Y
ROE
23.55% higher than
3Y
ROCE
-7.26% higher than
3Y
EBITDA Margin (Avg.)
-4.92% higher than
3Y
Quarterly Results
| Particulars | 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 | 36.37 | 40.23 | 40.07 | 109 | 57.15 | 46.97 | 46.06 | 57.47 | 74.5 | 54.08 | 59.27 | 45.39 | 65.42 |
| Expenses | 31.12 | 33.43 | 33.35 | 92.42 | 49.7 | 45.24 | 51.37 | 59.39 | 66.56 | 57.64 | 56.03 | 64.37 | 57.09 |
| Operating Profit | 5.25 | 6.8 | 6.72 | 16.2 | 7.45 | 1.73 | -5.31 | -1.92 | 7.94 | -3.56 | 3.24 | -18.98 | 8.33 |
| OPM % | 14.43% | 16.9% | 16.77% | 14.91% | 13.04% | 3.68% | -11.53% | -3.34% | 10.66% | -6.58% | 5.47% | -41.82% | 12.73% |
| 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 |
| 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 | 1.7 | 1.79 | 1.87 | 3.57 | 4.54 | 4.64 | 4.69 | 4.8 | 4.41 | 4.72 | 4.72 | 4.53 | 4.5 |
| PBT | 3.68 | 5.59 | 4.49 | 11.49 | 0.25 | -4.99 | -8.77 | -11.43 | 0.11 | -2.78 | -2.91 | -17.44 | 0.48 |
| Tax % | 40.76% | 39.89% | 24.28% | 5.66% | 604% | 24.45% | 18.93% | -3.67% | 627.27% | 64.03% | 14.78% | 34.12% | 87.5% |
| Net Profit | 2.18 | 3.36 | 3.41 | 10.83 | -1.26 | -6.2 | -10.42 | -11.01 | -0.57 | -4.56 | -3.34 | -23.38 | 0.06 |
| EPS in Rs | 0.51 | 0.64 | 0.77 | 2.48 | -0.29 | -1.51 | -2.45 | -2.48 | -0.1 | -1.1 | -0.71 | -5.27 | 0.04 |
Profit & Loss
| Particulars | 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 |
| Operating Profit | 41 | 47 | 42 | 36 | 35 | 2 | -11 | -11 |
| OPM % | 25% | 27% | 22% | 20% | 16% | 0.9% | -4.9% | -4.9% |
| Other Income | 2 | 4 | 8 | 3 | 4 | 7 | 22 | 22 |
| Interest | 5 | 3 | 3 | 4 | 4 | 15 | 15 | 15 |
| Depreciation | 17 | 13 | 11 | 9 | 9 | 19 | 18 | 18 |
| PBT | 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 | 32.5 | 52.61 | 10.52 | 5.72 | 4.41 | -6.73 | -7.18 | -7.04 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| 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 Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 54 | 32 | 28 | 27 | -37 | -31 | 27 |
| Investing | -11 | -8 | -28 | -205 | 9 | -6 | -10 |
| Financing | -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
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Global Surfaces insights
60 extracted metrics + investor summaries across FY18–FY26.
Documents
1
Clarification sought from Global Surfaces Ltd
17 Jul - Exchange has sought clarification from Global Surfaces Ltd on July 17, 2026 with reference to significant movement in price, in order to ensure that investors … 17 Jul - Exchange has sought clarification from Global Surfaces Ltd on July 17, 2026 with reference to significant movement in price, in order to ensure that investors …
3
Disclosure Under Regulation 10(7) Of SEBI (SAST) Regulations, 2011
13 Apr - Vatsankit Shah acquired 8,45,906 shares, 2% stake, via inter-se transfer from trust. 13 Apr - Vatsankit Shah acquired 8,45,906 shares, 2% stake, via inter-se transfer from trust.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. 8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
5
Demand Notice From Income Tax Department
31 Mar - Assessment order dated March 31, 2026; ₹37,48,89,740 demand for AY 2023-24. 31 Mar - Assessment order dated March 31, 2026; ₹37,48,89,740 demand for AY 2023-24.
Frequently Asked Questions about Global Surfaces
What does Global Surfaces Ltd do?
Incorporated in 2004, Global Surfaces Ltd
is in the business of manufacturing quartz
and processing of granite and marble[1]
Where is Global Surfaces Ltd (GSLSU) listed?
Global Surfaces Ltd trades as GSLSU on the NSE and under code 543829 on the BSE.
Which sector does Global Surfaces Ltd belong to?
Global Surfaces Ltd is classified under the Consumer Goods sector, in the Granites & Marbles industry.
What is the market capitalisation of Global Surfaces Ltd?
Global Surfaces Ltd has a market capitalisation of ₹115.24 Cr, which places it in the Small Cap band.
What is the PE ratio of Global Surfaces Ltd?
Global Surfaces Ltd trades at a PE ratio of -3.70, against a book value of ₹63.84 per share.
What is the 52-week high and low of Global Surfaces Ltd?
Over the last 52 weeks Global Surfaces Ltd has traded between ₹23.06 and ₹139.67.
What is the Return on Equity (ROE) of Global Surfaces Ltd?
Global Surfaces Ltd reported a return on equity of -11.75%. Its debt-to-equity ratio is 0.79.
Company Information
Incorporated in 2004, Global Surfaces Ltd is in the business of manufacturing quartz and processing of granite and marble[1]
Website globalsurfaces.in
CEO Mr. Mayank Shah
Employees 235
Listed 2023-03-23
Face Value ₹ 10
Issued Size 4,23,81,818
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