Global Surfaces Ltd.

•

₹ 33.05-4.97%

2026-08-21

globalsurfaces.inBSE: 543829NSE: GSLSU

Market Cap₹ 156 Cr.

Current Price₹ 35

High / Low₹ 140 / 23

Stock P/E0.0

Book Value₹ 82

Price to Book1.57

Dividend Yield0.00 %

ROCE4.3 %

ROE2.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Latest quarter profit grew 73.7% YoY, showing strong momentum
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (192.7% of PBT)
Company has a low return on capital employed of 8.5%
Company has a low return on equity of 7.7% over last 3 years
Receivables are growing faster than sales - a possible quality concern
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Consumer DurablesConstruction MaterialsCeramics/Marble/Granite/Sanitaryware

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	KAJARIACER	1212.40	34.90	19052.02	1.15	171.03	55.04	1328.08	20.43	17.67	19.69
2.	CERA	5691.75	29.84	7340.96	1.32	47.05	-0.86	422.19	5.36	19.41	13.05
3.	MIDWESTLTD	1153.65	37.57	4171.69	0.00	310.39	1173.13	1918.39	1248.46	27.81	25.47
4.	POKARNA	902.10	29.47	2796.87	0.07	42.60	50.56	189.42	10.79	11.85	35.89
5.	NITCO	89.90	0.00	2270.66	0.00	-10.33	-121.77	116.02	-22.48	-135.35	-7.07
6.	SOMANYCERA	509.60	19.65	2090.01	1.18	34.23	365.71	749.56	24.62	14.43	11.50
7.	ASIANTILES	46.01	108.24	1364.08	0.00	8.07	11.48	530.95	36.76	2.97	6.19
8.	ORIENTBELL	346.15	24.12	509.38	0.29	8.32	2318.40	203.82	43.44	5.56	8.02
9.	EXXARO	6.20	67.74	277.39	0.00	2.07	156.24	85.22	31.25	3.69	8.18
10.	MURUDCERA	30.52	19.09	184.78	0.00	0.81	-58.06	50.09	8.54	5.23	19.10
11.	GSLSU	36.77	0.00	155.84	0.00	0.06	111.19	65.42	-12.19	-2.15	12.74
12.	REGENCERAM	36.41	0.00	96.27	0.00	-2.57	-31.02	18.33	172.71	-40.84	-83.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	39	38	40	44	43	37	33	30	28	17	10	20	22
	32	33	35	41	37	36	36	34	28	21	13	26	22
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	3	5	3	4	5	5	10	3	4	13	6	14	3
Interest	1	1	1	1	1	1	1	2	1	1	1	1	1
Depreciation	2	2	2	2	1	2	2	2	1	1	1	1	1
	7	8	6	5	8	4	4	-4	2	7	1	7	3
Tax %	19.69%	24.90%	15.96%	8.94%	18.96%	23.25%	45.77%	7.22%	30.81%	26.53%	48.42%	82.01%	14.21%
Net Profit	6	6	5	4	6	3	2	-4	1	5	0	1	3
	1	1	1	1	2	1	1	-1	0	1	0	0	0
Equity Capital	42	42	42	42	42	42	42	42	42	42	42	42	42
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	42	42	42	42	42	42	42	42	42	42	42	42	42
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 39
: 32
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 2
: 7
Tax %: 19.69%
Net Profit: 6
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 38
: 33
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 2
: 8
Tax %: 24.90%
Net Profit: 6
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 40
: 35
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 2
: 6
Tax %: 15.96%
Net Profit: 5
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 44
: 41
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 1
Depreciation: 2
: 5
Tax %: 8.94%
Net Profit: 4
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 43
: 37
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 1
: 8
Tax %: 18.96%
Net Profit: 6
: 2
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 37
: 36
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 2
: 4
Tax %: 23.25%
Net Profit: 3
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 33
: 36
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 1
Depreciation: 2
: 4
Tax %: 45.77%
Net Profit: 2
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 30
: 34
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 2
: -4
Tax %: 7.22%
Net Profit: -4
: -1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 28
: 28
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 1
Depreciation: 1
: 2
Tax %: 30.81%
Net Profit: 1
: 0
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 17
: 21
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 1
Depreciation: 1
: 7
Tax %: 26.53%
Net Profit: 5
: 1
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 10
: 13
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 1
Depreciation: 1
: 1
Tax %: 48.42%
Net Profit: 0
: 0
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 20
: 26
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 1
Depreciation: 1
: 7
Tax %: 82.01%
Net Profit: 1
: 0
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 22
: 22
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 1
: 3
Tax %: 14.21%
Net Profit: 3
: 0
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 42
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	136	163	175	189	177	162	142	69
	104	123	128	148	143	141	142	82
Operating Profit	33	43	51	50	39	36	22	—
OPM %	24	26	29	26	22	22	16	—
Other Income	1	3	4	9	4	15	23	37
Interest	6	5	3	3	3	4	5	3
Depreciation	12	17	13	11	9	7	6	4
	15	21	34	36	26	26	12	17
Tax %	14	-8	2	1	4	18	34	47
Net Profit	13	23	34	35	25	21	8	9
EPS	20	35	10	10	7	5	2	—
Dividend Payout %	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	4	7	10	10	6	5	2	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	4	7	10	10	6	5	2	—

Mar 2019

: 136
: 104
Operating Profit: 33
OPM %: 24
Other Income: 1
Interest: 6
Depreciation: 12
: 15
Tax %: 14
Net Profit: 13
EPS: 20
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 163
: 123
Operating Profit: 43
OPM %: 26
Other Income: 3
Interest: 5
Depreciation: 17
: 21
Tax %: -8
Net Profit: 23
EPS: 35
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2021

: 175
: 128
Operating Profit: 51
OPM %: 29
Other Income: 4
Interest: 3
Depreciation: 13
: 34
Tax %: 2
Net Profit: 34
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2022

: 189
: 148
Operating Profit: 50
OPM %: 26
Other Income: 9
Interest: 3
Depreciation: 11
: 36
Tax %: 1
Net Profit: 35
EPS: 10
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2023

: 177
: 143
Operating Profit: 39
OPM %: 22
Other Income: 4
Interest: 3
Depreciation: 9
: 26
Tax %: 4
Net Profit: 25
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2024

: 162
: 141
Operating Profit: 36
OPM %: 22
Other Income: 15
Interest: 4
Depreciation: 7
: 26
Tax %: 18
Net Profit: 21
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2025

: 142
: 142
Operating Profit: 22
OPM %: 16
Other Income: 23
Interest: 5
Depreciation: 6
: 12
Tax %: 34
Net Profit: 8
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

TTM

: 69
: 82
Operating Profit: —
OPM %: —
Other Income: 37
Interest: 3
Depreciation: 4
: 17
Tax %: 47
Net Profit: 9
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -3%
3 Years:: -9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -19%
3 Years:: -40%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -43%
1 Year:: -70%

RETURN ON EQUITY

10 Years:: —
5 Years:: 19%
3 Years:: 8%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	6	6	6	34	42	42	42
	36	59	92	100	218	239	247
	46	40	32	26	37	35	45
Trade Payables	15	7	16	19	16	23	24
	48	14	-0	-2	-10	39	39
Total Liabilities	151	126	146	176	303	378	398
ASSETS	-	-	-	-	-	-	-
	66	60	53	48	47	43	39
Capital Work in Progress	0	0	1	6	0	0	0
	0	0	0	12	26	21	21
	27	24	35	47	44	52	49
	0	0	0	0	0	56	57
Cash & Bank	5	1	6	1	113	1	1
	54	42	51	63	73	204	230
Total Assets	151	126	146	176	303	378	398
Total Debt	91	53	37	37	43	41	49
Net Working Capital	19	11	35	67	163	71	65
Contingent Liabilities	0	0	0	5	105	94	163
Book Value per Share	65.44	100.72	152.30	39.47	61.42	66.44	68.29
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	91	53	37	37	43	41	49
Net Working Capital	19	11	35	67	163	71	65
Contingent Liabilities	0	0	0	5	105	94	163
Book Value per Share	65.44	100.72	152.30	39.47	61.42	66.44	68.29
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2019

Equity Capital: 6
: 36
: 46
Trade Payables: 15
: 48
Total Liabilities: 151
: 66
Capital Work in Progress: 0
: 0
: 27
: 0
Cash & Bank: 5
: 54
Total Assets: 151
Total Debt: 91
Net Working Capital: 19
Contingent Liabilities: 0
Book Value per Share: 65.44
Face Value: 10.00
Total Debt: 91
Net Working Capital: 19
Contingent Liabilities: 0
Book Value per Share: 65.44
Face Value: 10.00

Mar 2020

Equity Capital: 6
: 59
: 40
Trade Payables: 7
: 14
Total Liabilities: 126
: 60
Capital Work in Progress: 0
: 0
: 24
: 0
Cash & Bank: 1
: 42
Total Assets: 126
Total Debt: 53
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 100.72
Face Value: 10.00
Total Debt: 53
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 100.72
Face Value: 10.00

Mar 2021

Equity Capital: 6
: 92
: 32
Trade Payables: 16
: -0
Total Liabilities: 146
: 53
Capital Work in Progress: 1
: 0
: 35
: 0
Cash & Bank: 6
: 51
Total Assets: 146
Total Debt: 37
Net Working Capital: 35
Contingent Liabilities: 0
Book Value per Share: 152.30
Face Value: 10.00
Total Debt: 37
Net Working Capital: 35
Contingent Liabilities: 0
Book Value per Share: 152.30
Face Value: 10.00

Mar 2022

Equity Capital: 34
: 100
: 26
Trade Payables: 19
: -2
Total Liabilities: 176
: 48
Capital Work in Progress: 6
: 12
: 47
: 0
Cash & Bank: 1
: 63
Total Assets: 176
Total Debt: 37
Net Working Capital: 67
Contingent Liabilities: 5
Book Value per Share: 39.47
Face Value: 10.00
Total Debt: 37
Net Working Capital: 67
Contingent Liabilities: 5
Book Value per Share: 39.47
Face Value: 10.00

Mar 2023

Equity Capital: 42
: 218
: 37
Trade Payables: 16
: -10
Total Liabilities: 303
: 47
Capital Work in Progress: 0
: 26
: 44
: 0
Cash & Bank: 113
: 73
Total Assets: 303
Total Debt: 43
Net Working Capital: 163
Contingent Liabilities: 105
Book Value per Share: 61.42
Face Value: 10.00
Total Debt: 43
Net Working Capital: 163
Contingent Liabilities: 105
Book Value per Share: 61.42
Face Value: 10.00

Mar 2024

Equity Capital: 42
: 239
: 35
Trade Payables: 23
: 39
Total Liabilities: 378
: 43
Capital Work in Progress: 0
: 21
: 52
: 56
Cash & Bank: 1
: 204
Total Assets: 378
Total Debt: 41
Net Working Capital: 71
Contingent Liabilities: 94
Book Value per Share: 66.44
Face Value: 10.00
Total Debt: 41
Net Working Capital: 71
Contingent Liabilities: 94
Book Value per Share: 66.44
Face Value: 10.00

Mar 2025

Equity Capital: 42
: 247
: 45
Trade Payables: 24
: 39
Total Liabilities: 398
: 39
Capital Work in Progress: 0
: 21
: 49
: 57
Cash & Bank: 1
: 230
Total Assets: 398
Total Debt: 49
Net Working Capital: 65
Contingent Liabilities: 163
Book Value per Share: 68.29
Face Value: 10.00
Total Debt: 49
Net Working Capital: 65
Contingent Liabilities: 163
Book Value per Share: 68.29
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	52	31	28	25	3	4
Cash from Investing	-20	-10	-8	-28	-124	-53	-6
Cash from Financing	17	-44	-19	-3	105	44	3
	3	-3	4	-4	6	-6	1
Free Cash Flow	5	43	24	19	23	1	3
OCF / Net Profit	0.35	2.28	0.93	0.78	1.01	0.17	0.49
Cumulative 5-Year FCF	0	0	0	0	0	109	69
OCF / Net Profit	0.35	2.28	0.93	0.78	1.01	0.17	0.49
Cumulative 5-Year FCF	0	0	0	0	0	109	69

Mar 2019

: 5
Cash from Investing: -20
Cash from Financing: 17
: 3
Free Cash Flow: 5
OCF / Net Profit: 0.35
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.35
Cumulative 5-Year FCF: 0

Mar 2020

: 52
Cash from Investing: -10
Cash from Financing: -44
: -3
Free Cash Flow: 43
OCF / Net Profit: 2.28
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.28
Cumulative 5-Year FCF: 0

Mar 2021

: 31
Cash from Investing: -8
Cash from Financing: -19
: 4
Free Cash Flow: 24
OCF / Net Profit: 0.93
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.93
Cumulative 5-Year FCF: 0

Mar 2022

: 28
Cash from Investing: -28
Cash from Financing: -3
: -4
Free Cash Flow: 19
OCF / Net Profit: 0.78
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.78
Cumulative 5-Year FCF: 0

Mar 2023

: 25
Cash from Investing: -124
Cash from Financing: 105
: 6
Free Cash Flow: 23
OCF / Net Profit: 1.01
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.01
Cumulative 5-Year FCF: 0

Mar 2024

: 3
Cash from Investing: -53
Cash from Financing: 44
: -6
Free Cash Flow: 1
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 109
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 109

Mar 2025

: 4
Cash from Investing: -6
Cash from Financing: 3
: 1
Free Cash Flow: 3
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 69
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 69

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	20.42	35.28	52.29	10.47	5.92	4.97	1.85
Book Value (₹)	65.44	100.72	152.30	39.47	61.42	66.44	68.29
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	7.44	11.70	13.80	13.65	8.12	6.65	3.27
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	24.36%	26.48%	28.98%	26.18%	21.97%	13.25%	-0.32%
Net Margin %	9.68%	13.99%	19.28%	18.73%	14.16%	12.99%	5.52%
ROE %	31.21%	42.46%	41.33%	30.59%	12.73%	7.77%	2.74%
ROCE %	15.85%	20.83%	29.65%	25.31%	12.44%	8.67%	4.31%
	8.72%	16.40%	24.74%	21.99%	10.46%	6.19%	2.02%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	121	82	72	77	86	113	146
Inventory Days	72	56	61	79	94	109	130
Payable Days	98	58	60	73	74	91	109
	95	81	73	82	106	130	167
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	2.16x	0.82x	0.38x	0.28x	0.17x	0.15x	0.17x
Interest Coverage (x)	3.62x	5.04x	11.06x	13.18x	8.44x	8.28x	3.62x
	1.29x	1.23x	1.67x	2.38x	3.87x	2.14x	1.86x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	19.60%	7.52%	8.28%	-6.52%	-8.41%	-12.47%
Operating Profit Growth %	0.00%	30.02%	17.69%	-2.19%	-21.55%	-6.34%	-38.42%
Net Profit Growth %	0.00%	72.75%	48.22%	5.14%	-29.29%	-15.99%	-62.81%
	0.00%	0.00%	0.00%	0.00%	0.00%	-15.99%	-62.81%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	46.37x	57.92x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	3.47x	1.57x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	27.92x	22.35x

Mar 2019

EPS (₹): 20.42
Book Value (₹): 65.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.44
Operating Margin %: 24.36%
Net Margin %: 9.68%
ROE %: 31.21%
ROCE %: 15.85%
: 8.72%
Debtor Days: 121
Inventory Days: 72
Payable Days: 98
: 95
Debt to Equity (x): 2.16x
Interest Coverage (x): 3.62x
: 1.29x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 35.28
Book Value (₹): 100.72
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.70
Operating Margin %: 26.48%
Net Margin %: 13.99%
ROE %: 42.46%
ROCE %: 20.83%
: 16.40%
Debtor Days: 82
Inventory Days: 56
Payable Days: 58
: 81
Debt to Equity (x): 0.82x
Interest Coverage (x): 5.04x
: 1.23x
Revenue Growth %: 19.60%
Operating Profit Growth %: 30.02%
Net Profit Growth %: 72.75%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 52.29
Book Value (₹): 152.30
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.80
Operating Margin %: 28.98%
Net Margin %: 19.28%
ROE %: 41.33%
ROCE %: 29.65%
: 24.74%
Debtor Days: 72
Inventory Days: 61
Payable Days: 60
: 73
Debt to Equity (x): 0.38x
Interest Coverage (x): 11.06x
: 1.67x
Revenue Growth %: 7.52%
Operating Profit Growth %: 17.69%
Net Profit Growth %: 48.22%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 10.47
Book Value (₹): 39.47
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.65
Operating Margin %: 26.18%
Net Margin %: 18.73%
ROE %: 30.59%
ROCE %: 25.31%
: 21.99%
Debtor Days: 77
Inventory Days: 79
Payable Days: 73
: 82
Debt to Equity (x): 0.28x
Interest Coverage (x): 13.18x
: 2.38x
Revenue Growth %: 8.28%
Operating Profit Growth %: -2.19%
Net Profit Growth %: 5.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 5.92
Book Value (₹): 61.42
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.12
Operating Margin %: 21.97%
Net Margin %: 14.16%
ROE %: 12.73%
ROCE %: 12.44%
: 10.46%
Debtor Days: 86
Inventory Days: 94
Payable Days: 74
: 106
Debt to Equity (x): 0.17x
Interest Coverage (x): 8.44x
: 3.87x
Revenue Growth %: -6.52%
Operating Profit Growth %: -21.55%
Net Profit Growth %: -29.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 4.97
Book Value (₹): 66.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.65
Operating Margin %: 13.25%
Net Margin %: 12.99%
ROE %: 7.77%
ROCE %: 8.67%
: 6.19%
Debtor Days: 113
Inventory Days: 109
Payable Days: 91
: 130
Debt to Equity (x): 0.15x
Interest Coverage (x): 8.28x
: 2.14x
Revenue Growth %: -8.41%
Operating Profit Growth %: -6.34%
Net Profit Growth %: -15.99%
: -15.99%
P/E (x): 46.37x
P/B (x): 3.47x
Dividend Yield %: 0.00%
: 27.92x

Mar 2025

EPS (₹): 1.85
Book Value (₹): 68.29
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.27
Operating Margin %: -0.32%
Net Margin %: 5.52%
ROE %: 2.74%
ROCE %: 4.31%
: 2.02%
Debtor Days: 146
Inventory Days: 130
Payable Days: 109
: 167
Debt to Equity (x): 0.17x
Interest Coverage (x): 3.62x
: 1.86x
Revenue Growth %: -12.47%
Operating Profit Growth %: -38.42%
Net Profit Growth %: -62.81%
: -62.81%
P/E (x): 57.92x
P/B (x): 1.57x
Dividend Yield %: 0.00%
: 22.35x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.36	73.25	73.25	73.25	73.25	73.25	73.25	73.25	73.25
	1.89	1.53	1.53	1.67	0.57	0.76	1.60	1.59	0.76
	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.75	25.22	25.22	25.08	26.18	25.99	25.02	25.16	25.99

Jun 2024

: 73.36
: 1.89
: 0.00
Government: 0.00
: 24.75

Sep 2024

: 73.25
: 1.53
: 0.00
Government: 0.00
: 25.22

Dec 2024

: 73.25
: 1.53
: 0.00
Government: 0.00
: 25.22

Mar 2025

: 73.25
: 1.67
: 0.00
Government: 0.00
: 25.08

Jun 2025

: 73.25
: 0.57
: 0.00
Government: 0.00
: 26.18

Sep 2025

: 73.25
: 0.76
: 0.00
Government: 0.00
: 25.99

Dec 2025

: 73.25
: 1.60
: 0.13
Government: 0.00
: 25.02

Mar 2026

: 73.25
: 1.59
: 0.00
Government: 0.00
: 25.16

Jun 2026

: 73.25
: 0.76
: 0.00
Government: 0.00
: 25.99

Documents

Announcements

Updates
2026-08-20 - Global Surfaces Limited has informed the Exchange regarding 'Legible copy of Financial Results for the quarter ended June 30, 2026'.
Copy of Newspaper Publication
2026-08-18 - Global Surfaces Limited has informed the Exchange about Copy of Newspaper Publication

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
TranscriptPPTREC
Jun 2026
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Mar 2026
TranscriptPPTREC