Global Surfaces Ltd

Global Surfaces Ltd

₹ 175 -0.74%
22 Nov - close price
About

Incorporated in 2004, Global Surfaces Ltd
is in the business of manufacturing quartz
and processing of granite and marble[1]

Key Points

Business Overview:[1][2]
GSL is in the business of mining, production, and export of natural stones and engineered quartz. It offers a wide range of products and stones like - granite, marble, soft quartzite, soapstone, and phyllite in slab and countertops customized according to different sizes, shapes, forms, and colors

  • Market Cap 742 Cr.
  • Current Price 175
  • High / Low 333 / 168
  • Stock P/E 38.2
  • Book Value 80.5
  • Dividend Yield 0.00 %
  • ROCE 9.33 %
  • ROE 7.76 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.58% over past five years.
  • Company has a low return on equity of 13.6% over last 3 years.
  • Earnings include an other income of Rs.17.2 Cr.
  • Debtor days have increased from 97.6 to 126 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
39.25 48.41 49.16 40.36 39.11 38.82 38.41 40.47 44.43 42.60 36.95
32.81 41.11 37.65 32.10 31.71 32.03 33.00 34.85 40.76 37.03 35.52
Operating Profit 6.44 7.30 11.51 8.26 7.40 6.79 5.41 5.62 3.67 5.57 1.43
OPM % 16.41% 15.08% 23.41% 20.47% 18.92% 17.49% 14.08% 13.89% 8.26% 13.08% 3.87%
2.64 1.93 0.07 1.08 1.35 2.87 4.92 3.28 3.88 4.65 5.41
Interest 1.16 1.15 0.72 0.82 0.81 0.87 0.99 0.72 0.97 0.91 0.91
Depreciation 2.83 0.48 3.88 2.68 2.32 1.68 1.75 1.80 1.87 1.45 1.50
Profit before tax 5.09 7.60 6.98 5.84 5.62 7.11 7.59 6.38 4.71 7.86 4.43
Tax % 1.18% 0.92% 7.59% 3.77% 2.49% 19.69% 24.90% 15.99% 8.70% 18.96% 23.25%
5.04 7.53 6.45 5.62 5.48 5.71 5.70 5.37 4.29 6.37 3.40
EPS in Rs 1.49 2.22 1.90 1.66 1.29 1.35 1.34 1.27 1.01 1.50 0.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
72 136 163 175 189 177 162 164
65 104 123 128 148 143 141 148
Operating Profit 7 32 40 47 41 34 21 16
OPM % 9% 24% 25% 27% 22% 19% 13% 10%
2 1 3 4 9 4 15 17
Interest 3 6 5 3 3 4 4 4
Depreciation 3 12 17 13 11 9 7 7
Profit before tax 2 15 21 34 36 26 26 23
Tax % 35% 14% -8% 2% 1% 4% 18%
1 13 23 34 35 25 21 19
EPS in Rs 2.19 20.42 35.27 52.30 10.47 5.92 4.97 4.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: -2%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: -15%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -16%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 14%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 34 42 42 42
Reserves 22 36 59 92 100 218 239 299
68 91 53 38 38 44 42 49
18 19 10 22 23 20 76 32
Total Liabilities 113 152 129 158 194 325 399 422
26 66 60 54 48 47 43 41
CWIP 37 0 0 1 6 0 0 0
Investments 0 0 0 0 12 26 21 21
50 86 69 104 129 252 334 359
Total Assets 113 152 129 158 194 325 399 422

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13 5 52 31 28 25 3
-49 -20 -10 -8 -28 -124 -53
35 17 -44 -19 -3 105 44
Net Cash Flow -1 3 -3 4 -4 6 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 136 121 64 84 76 92 126
Inventory Days 144 138 121 176 198 190 248
Days Payable 107 78 38 81 78 69 108
Cash Conversion Cycle 173 181 146 178 195 213 266
Working Capital Days 169 153 106 126 158 168 241
ROCE % 19% 21% 29% 24% 12% 9%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.37% 73.37% 73.37% 73.37% 73.37% 73.37% 73.26%
7.49% 4.85% 1.71% 2.34% 2.11% 1.89% 1.53%
1.02% 0.45% 0.62% 0.45% 0.00% 0.00% 0.00%
18.13% 21.32% 24.29% 23.85% 24.52% 24.75% 25.22%
No. of Shareholders 13,03711,57812,35713,60312,89413,51914,343

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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