Global Surfaces (GSLSU) is loss-making over the last 12 months, losing ₹30 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹23.22, 83% below its 52-week high. Sales grew 8.8% a year over 3 years. Debt is 0.79× equity. It is a small-cap company with a market cap of ₹98 Cr, ranked 39th of 58 Building Materials companies by market cap; the shares fell 81% over the past year.
- ₹23.00
- ₹23.60
- ₹22.55
- ₹22.48
- 66.4K
Health check
- ReturnsBehind
−81.5% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +8.8% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -2.7% vs peer median 10.2%.
- Balance sheetStretched
Debt 0.79× equity, operating profit doesn’t cover interest, Piotroski 5 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹98 Cr
- Small cap
- P/E
- n/a
- Industry 27.3
- Price to book
- 0.36
- Peers 2.12
- Dividend yield
- 0.00%
- ROE
- −10.6%
- Peers 4.9%
- ROCE
- −2.7%
- Peers 10.2%
- Debt to equity
- 0.79
- Debt ₹214 Cr
- EPS (TTM)
- −₹7.04
- Face value ₹10
- OPM (TTM)
- −4.9%
- Net margin −13.3%
- Sales growth
- −12.2%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.44
- EV/EBITDA −27.7
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −10.6%.
- Quarterly sales down 12.2% on a year ago.
- 83% below its 52-week high.
- Interest coverage of only −0.9×.
About Global Surfaces
Global Surfaces Limited engages in the mining, production, and export of natural stones and engineered quartz in the United States, the United Arab Emirates, and India. It offers granite, marbles, as well as soft quartzites in slab and countertop forms; and engineered quartz products, including stratum, prismatic, quartzites, kalmasa, and aurora. The company also trades in quartz slabs. Global Surfaces Limited was incorporated in 1991 and is headquartered…
- Headquarters
- Jaipur
- Employees
- 174
- Sector
- Basic Materials
- ISIN
- INE0JSX01015
- Website
- globalsurfaces.in
Price range
- Avg volume (3M)
- 91.7K
- 1-year return
- minus 81.5%
- From 52-week high
- minus 83.4%
Peers · Building Materials
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCOUltraTech Cement | 12,450.00 | plus 1.63% | 3,66,110 | 41.6 | 22.8 | 11.8% | 19.1% | 0.38 | 11.9% | plus 3.6% |
| GRASIMGrasim Industries | 3,227.00 | minus 0.02% | 2,18,884 | 38.5 | 16.8 | 4.0% | 15.0% | 1.35 | 14.3% | plus 12.0% |
| AMBUJACEMAmbuja Cements | 390.60 | plus 0.67% | 97,057 | 34.7 | 14.6 | 4.6% | 14.3% | 0.01 | – | minus 31.6% |
| SHREECEMShree Cement | 25,100.00 | plus 0.82% | 90,563 | 57.2 | 18.0 | 10.2% | 20.1% | 0.09 | 5.7% | minus 9.8% |
| JKCEMENTJ.K. Cement | 5,239.80 | minus 0.20% | 40,487 | 42.3 | 19.2 | 13.3% | 15.8% | 1.01 | 12.1% | minus 9.1% |
| DALBHARATDalmia Bharat | 1,470.30 | plus 0.27% | 27,602 | 56.3 | 9.6 | 7.0% | 16.5% | 0.57 | 3.0% | minus 28.5% |
| ACCACC | 1,236.20 | plus 0.77% | 23,214 | 26.4 | 7.9 | 10.4% | 8.7% | 0.02 | – | minus 33.1% |
| GSLSUGlobal Surfaces | 23.22 | plus 3.29% | 98 | – | – | −2.7% | −4.9% | 0.79 | 8.8% | minus 81.5% |
| Median of 7 peers | – | 0.67% | 90,563 | 41.6 | 16.8 | 10.2% | 15.8% | 0.38 | 11.9% | −9.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 74.5 | 54.1 | 59.3 | 45.4 | 65.4 | |
| 66.6 | 57.6 | 56 | 64.4 | 57.1 | |
| 8 | −3.6 | 3.3 | −19 | 8.3 | |
| 10.7% | −6.6% | 5.5% | −41.8% | 12.7% | |
| 0.2 | 9.2 | 2.4 | 9.9 | 0.2 | |
| 3.7 | 3.7 | 3.9 | 3.8 | 3.5 | |
| 4.4 | 4.7 | 4.7 | 4.5 | 4.5 | |
| 0.1 | −2.8 | −2.9 | −17.4 | 0.5 | |
| 589.7% | −64.0% | −14.6% | −34.1% | 86.8% | |
| −0.4 | −4.7 | −3 | −22.3 | 0.2 | |
| -0.10 | -1.10 | -0.71 | -5.27 | 0.04 |
Profit & loss
- Sales CAGR 3Y
- +8.8%
- ROE
- −10.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 177 | 223 | 205 | 228 | |
| – | +25.6% | minus 7.8% | +11.2% | |
| 142 | 188 | 203 | 239 | |
| 35.5 | 35 | 1.9 | −11.3 | |
| 20.0% | 15.7% | 0.9% | −5.0% | |
| 1.6 | 3 | 3.9 | 19.4 | |
| 2.5 | 3.9 | 12.2 | 13 | |
| 9.4 | 8.9 | 18.7 | 18.4 | |
| 0.1 | 0 | 0.2 | 0.3 | |
| 25.3 | 25.3 | −24.9 | −23 | |
| 4.2% | 21.7% | −15.9% | −38.4% | |
| 24.2 | 18.7 | −28.5 | −30.4 | |
| – | minus 22.8% | minus 252.6% | – | |
| 7.10 | 4.41 | -6.73 | -7.18 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42.4 | 42.4 | 42.4 | 42.4 | |
| 219 | 288 | 260 | 228 | |
| 167 | 146 | 201 | 216 | |
| 34.1 | 44.9 | 54.6 | 54.5 | |
| 462 | 522 | 558 | 541 | |
| 220 | 294 | 288 | 298 | |
| 132 | 0.4 | 1.7 | 2.3 | |
| – | – | 3.1 | 3.9 | |
| 12.2 | 2.7 | 2.9 | 3.8 | |
| 97.7 | 224 | 262 | 233 | |
| 462 | 522 | 558 | 541 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27 | −37.3 | −31.2 | 27.5 | |
| −205 | 9 | −6 | −10.4 | |
| 183 | 24.3 | 37.4 | −16 | |
| 4.5 | −3.9 | 0.2 | 1 | |
| −114 | −104 | −4.7 | −9 | |
| −87.4 | −141 | −35.9 | 18.5 |
Shareholding pattern
- Promoters73.25%
- Public26.75%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.25% | 26.75% | 0.00 | |
| 30 Jun 2026 | 73.25% | 26.75% | 0.00 | |
| 31 Mar 2026 | 73.25% | 26.75% | 0.00 | |
| 31 Dec 2025 | 73.25% | 26.75% | 0.00 | |
| 30 Sep 2025 | 73.25% | 26.75% | – |
Major shareholders
Filings & events
News
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