GSLSU

Global Surfaces Limited

Engineered quartz and natural stone surfaces for countertops and slabs

Consumer Discretionary›Consumer Durables›Consumer Durables›Granites & Marbles

globalsurfaces.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹25.44
Market cap
108 Cr
Stock P/E
Loss (TTM EPS ₹-7.04)
P/B
0.40
ROE (FY26)
-11.8%
ROCE (FY26)
-1.8%
Operating margin (FY26)
-12.7%
Debt / equity (FY26)
0.60
OCF / EBITDA (3Y)
-160.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Global Surfaces makes engineered quartz surfaces at plants in India and Dubai and sells mostly to distributors, who in turn supply big-box retailers, builders and fabricators, with the United States a key market.

Company snapshot

3rdBy market cap

Ranked among 6 companies in Granites & Marbles.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 74.8% of revenue

SegmentRevenue shareRevenuePBTAssets
India
74.8%
112 Cr16 Cr—
United Arab Emirates
24.8%
37 Cr-31 Cr—
United States of America
45.9%
69 Cr0.42 Cr—

Shares add up to 145% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales40 Cr40 Cr109 Cr57 Cr47 Cr46 Cr57 Cr75 Cr54 Cr59 Cr45 Cr65 Cr
Operating expenses (approx.)33 Cr33 Cr92 Cr50 Cr45 Cr51 Cr59 Cr67 Cr58 Cr56 Cr64 Cr57 Cr
EBITDA7 Cr7 Cr16 Cr7 Cr2 Cr-5 Cr-2 Cr8 Cr-4 Cr3 Cr-19 Cr8 Cr
OPM %16.9%16.8%14.9%13.0%3.7%-11.5%-3.4%10.7%-6.6%5.5%-41.8%12.7%
Other income2 Cr0.79 Cr-0.12 Cr0.69 Cr1 Cr5 Cr0.11 Cr0.23 Cr9 Cr2 Cr10 Cr0.19 Cr
Interest1 Cr1 Cr1 Cr3 Cr3 Cr4 Cr5 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Depreciation2 Cr2 Cr4 Cr5 Cr5 Cr5 Cr5 Cr4 Cr5 Cr5 Cr5 Cr4 Cr
Profit before tax6 Cr4 Cr11 Cr0.25 Cr-5 Cr-9 Cr-11 Cr0.12 Cr-3 Cr-3 Cr-17 Cr0.48 Cr
Tax %39.9%24.2%5.7%596.9%-24.3%-18.9%3.6%588.9%-64.0%-14.6%-34.1%86.8%
Net profit3 Cr3 Cr11 Cr-1 Cr-6 Cr-10 Cr-11 Cr-0.57 Cr-5 Cr-3 Cr-23 Cr0.06 Cr
EPS (₹)₹0.64₹0.77₹2.48₹-0.29₹-1.51₹-2.45₹-2.48₹-0.10₹-1.10₹-0.71₹-5.27₹0.04

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales163 Cr175 Cr190 Cr178 Cr225 Cr208 Cr233 CrSign in free for the trailing twelve months
Operating expenses (approx.)123 Cr128 Cr149 Cr143 Cr190 Cr206 Cr245 CrSign in free for the trailing twelve months
EBITDA40 Cr47 Cr42 Cr36 Cr35 Cr2 Cr-11 CrSign in free for the trailing twelve months
OPM %24.7%27.0%22.0%19.9%15.5%0.9%-4.9%Sign in free for the trailing twelve months
Other income2 Cr4 Cr8 Cr3 Cr4 Cr7 Cr22 CrSign in free for the trailing twelve months
Interest5 Cr3 Cr3 Cr4 Cr5 Cr15 Cr15 CrSign in free for the trailing twelve months
Depreciation17 Cr13 Cr11 Cr9 Cr9 Cr19 Cr18 CrSign in free for the trailing twelve months
Profit before tax21 Cr35 Cr36 Cr25 Cr25 Cr-25 Cr-23 CrSign in free for the trailing twelve months
Tax %-1.2%1.7%1.3%4.2%21.7%-15.9%-38.4%Sign in free for the trailing twelve months
Net profit21 Cr34 Cr36 Cr24 Cr20 Cr-29 Cr-32 CrSign in free for the trailing twelve months
EPS (₹)₹6.19₹10.02₹10.52₹7.10₹4.41₹-6.73₹-7.18Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr34 Cr42 Cr42 Cr42 Cr42 Cr
Reserves58 Cr92 Cr100 Cr219 Cr288 Cr260 Cr228 Cr
Borrowings53 Cr37 Cr37 Cr121 Cr98 Cr152 Cr163 Cr
Other liabilities11 Cr23 Cr65 Cr80 Cr91 Cr101 Cr106 Cr
Total liabilities129 Cr159 Cr236 Cr462 Cr522 Cr558 Cr541 Cr
Fixed assets (net)51 Cr44 Cr39 Cr38 Cr244 Cr238 Cr246 Cr
CWIP—1 Cr7 Cr124 Cr0.12 Cr0 Cr—
Investments——11 Cr6 Cr0.15 Cr0.17 Cr0 Cr
Loans & advances———2 Cr0.12 Cr0.76 Cr0.32 Cr
Inventories24 Cr35 Cr47 Cr44 Cr77 Cr95 Cr87 Cr
Trade receivables28 Cr40 Cr39 Cr44 Cr110 Cr128 Cr96 Cr
Cash & bank0.58 Cr5 Cr2 Cr7 Cr3 Cr3 Cr4 Cr
Other assets26 Cr34 Cr92 Cr198 Cr88 Cr94 Cr107 Cr
Total assets129 Cr159 Cr236 Cr462 Cr522 Cr558 Cr541 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity54 Cr32 Cr28 Cr27 Cr-37 Cr-31 Cr27 Cr
Cash from investing-11 Cr-8 Cr-28 Cr-205 Cr9 Cr-6 Cr-10 Cr
Cash from financing-46 Cr-19 Cr-3 Cr183 Cr24 Cr37 Cr-16 Cr
Net cash flow-3 Cr5 Cr-3 Cr4 Cr-4 Cr0.19 Cr1 Cr
Free cash flow (OCF − Capex)44 Cr24 Cr18 Cr-87 Cr-141 Cr-36 Cr18 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %22.0%27.9%22.8%7.6%6.9%-2.1%-1.8%
ROE %32.5%34.5%26.6%9.3%5.6%-9.4%-11.8%
Debtor days63837590178224150
Inventory days121159173188315319296
Days payable40766969159155141
Cash conversion cycle143166179208335387305
OCF / EBITDA %133.2%67.9%67.4%76.1%-106.5%n.m.—
OCF / EBITDA % (3 years)——88.1%70.1%16.0%-57.2%-160.4%
Debt / equity0.830.380.280.460.300.500.60
Current ratio1.181.662.371.592.221.581.27
Net debt / EBITDA1.310.680.843.222.7477.41—