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 116
  • Book Value 76.2
  • Dividend Yield 0.00 %
  • ROCE 6.95 %
  • ROE 6.89 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 178 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
38.13 48.69 49.29 40.49 39.60 36.37 40.23 40.07 108.62 57.15 46.97
31.55 41.22 37.52 32.11 31.69 31.12 33.43 33.35 92.42 49.70 45.24
Operating Profit 6.58 7.47 11.77 8.38 7.91 5.25 6.80 6.72 16.20 7.45 1.73
OPM % 17.26% 15.34% 23.88% 20.70% 19.97% 14.43% 16.90% 16.77% 14.91% 13.04% 3.68%
2.50 1.78 -0.51 0.33 1.17 1.04 2.01 0.79 -0.12 0.69 1.04
Interest 1.17 1.15 0.75 0.84 0.83 0.91 1.43 1.15 1.02 3.35 3.12
Depreciation 2.83 0.48 3.90 2.71 2.34 1.70 1.79 1.87 3.57 4.54 4.64
Profit before tax 5.08 7.62 6.61 5.16 5.91 3.68 5.59 4.49 11.49 0.25 -4.99
Tax % 1.18% 0.92% 8.47% 5.04% 2.71% 40.76% 39.89% 24.28% 5.66% 604.00% 24.45%
5.02 7.54 6.05 4.90 5.75 2.18 3.36 3.41 10.83 -1.26 -6.20
EPS in Rs 1.48 2.23 1.79 1.45 1.36 0.51 0.64 0.77 2.48 -0.29 -1.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
163 176 190 178 225 253
123 128 148 143 190 221
Operating Profit 41 48 42 36 35 32
OPM % 25% 27% 22% 20% 16% 13%
2 3 8 3 4 2
Interest 5 3 3 4 4 9
Depreciation 17 13 11 9 9 15
Profit before tax 21 35 36 25 25 11
Tax % -1% 2% 1% 4% 22%
21 34 36 24 20 7
EPS in Rs 32.50 52.61 10.52 5.72 4.41 1.45
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 61%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -18%
TTM: -59%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 34 42 42 42
Reserves 58 92 100 219 238 281
54 38 79 166 145 153
11 22 23 35 97 62
Total Liabilities 129 159 236 462 522 538
60 54 88 89 294 287
CWIP 0 1 7 124 0 0
Investments 0 0 11 6 0 0
69 104 131 244 227 251
Total Assets 129 159 236 462 522 538

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 32 28 27 -37
-11 -8 -28 -205 9
-46 -19 -3 183 24
Net Cash Flow -3 5 -3 4 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 83 75 90 178
Inventory Days 126 170 198 190 236
Days Payable 42 81 79 70 119
Cash Conversion Cycle 147 172 193 210 295
Working Capital Days 106 123 154 128 243
ROCE % 30% 21% 9% 7%

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.

Documents