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GSLSU · Global Surfaces Ltd · Construction - Raw Materials

GSLSU · Global Surfaces Ltd · Construction - Raw Materials

₹23.22+3.3%

As of 06 Nov close

52-week range

52wk low ₹22.3952wk high ₹139.67

83.4% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 16 Oct 2026

Operating margin above its own average

Revenue (latest Q)

₹65 Cr

Revenue YoY

PAT YoY

+134.9%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

0.4

P/S (TTM)

0.5

Sector P/E

26.3

Dividend yield

0.0%

CompanyP/EP/BNet marginROED/EDiv. yield
GSLSU (this stock)Not meaningful (earnings negative over the last 12 months)0.4-13.3%-11.0%0.80.0%
UltraTech Cement38.85.4+9.3%+11.1%0.31+2.2%
Grasim Industries36.93.2+3.1%+5.5%2.2+0.3%
Ambuja Cements23.32.6+11.2%+7.5%0.01+0.5%

Promoter

stable

FII

falling 1q

MF

Not available from data source

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

canonicalSymboldatebuy quantitybuyer countdeal strengthdeal types present
GSLSU2026-06-0314769372STRONGBULK

News timeline

No related news.

Concalls & investor presentations

AI-generated
Investor presentationNeutral03 Nov 2026
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Key takeaway: The investor presentation for Global Surfaces Limited (GSLSU) for the quarter and period ended September 30, 2026, outlines the company's financial and operational performance. The company, established in 1991, specializes in engineered quartz and natural stone products, with manufacturing units in India and Dubai. Revenue for H1-FY27 was INR 1,253 million, with EBITDA of INR 96 million and EBITDA margins of 7.66%. The company reported a net loss of INR 53 million for H1-FY27, with a PAT margin of (4.23)%. Operational resilience was maintained despite rising input costs, through cost-control measures. The natural stone unit was discontinued effective March 31, 2026, with limited activities for order closure. Strategic initiatives include expanding domestic presence in India, diversifying markets in the UAE, and leveraging advanced manufacturing technologies. The company has implemented sustainability initiatives, including solar energy adoption and water conservation. Financially, the company has restructured capital, converting unsecured loans into equity. The presentation includes historical financial data showing declining profitability over recent years, with PAT margins turning negative in FY25 and FY26. The company's debt-to-equity ratio is 0.58X, and the shareholding pattern as of September 30, 2026, shows promoter holding 73.25% and public holding 25.98%. The stock price as of that date was INR 31.4, with a market cap of INR 1,330.8 million. The presentation includes a disclaimer regarding forward-looking statements and disclaims any liability for the contents.

The summary presents factual data and management commentary without overtly positive or negative language.

Sourced from an exchange-filed presentation, dated 03 Nov 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive14 Aug 2026
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Key takeaway: Global Surfaces Limited held its Q1 FY 2026-27 Earnings Conference Call on August 11, 2026, to discuss financial results and business performance. Management provided an overview of the company, highlighting its focus on engineered surfaces and the strategic decision to discontinue operations in its natural stone manufacturing unit. The earnings call noted a significant revenue growth of 44%, with EBITDA turning positive at Rs. 8 crores. Management discussed challenges from US tariffs impacting shipments and margins but reported improvements following a trade agreement. The company is diversifying its market presence, including launching operations in India and expanding its sales team. Despite geopolitical disruptions, management emphasized operational resilience and cost management, achieving break-even results. The call concluded with management expressing confidence in navigating market challenges and enhancing long-term value for stakeholders.

Management emphasized growth and operational resilience despite challenges.

Sourced from an exchange-filed transcript, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral11 Aug 2026
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Key takeaway: Global Surfaces Limited (GSL) provided an earnings presentation for the quarter ended June 30, 2026, highlighting its financial and operational performance. The company reported operational revenue of INR 654 million for Q1-FY27, with an EBITDA of INR 83 million and EBITDA margins of 12.69%. GSL's manufacturing capacity stands at approximately 1,144,349 SMT per annum, with a focus on engineered stones, which accounted for 98% of segmental revenue. The presentation noted the successful ramp-up of operations in the UAE, which became the largest revenue contributor. Management emphasized the company's commitment to sustainability through initiatives like solar energy adoption and water conservation. GSL's strategic focus includes expanding its market presence in the U.S. and enhancing its product portfolio with patented technologies for engineered quartz. The document also detailed the company's financial performance, including a PAT of INR 0.64 million and a PAT margin of 0.10%.

The presentation provided a balanced overview of financial performance and strategic initiatives without strong emphasis on growth or challenges.

Sourced from an exchange-filed presentation, dated 11 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed13 Mar 2026
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Key takeaway: The investor presentation from Global Surfaces Limited (GSL) provided an overview of the company's operations, highlighting its specialization in natural stones and engineered quartz products. Established in 1991 and headquartered in Jaipur, GSL operates three manufacturing facilities in India and Dubai, with a combined production capacity of approximately 1.6 million square meters per annum. The presentation detailed GSL's product portfolio, which includes customized slabs and countertops, and emphasized its strong export focus, with over 91% of revenue derived from international markets. Financial data indicated a decline in operational revenue and profitability in recent periods, with a reported PAT margin of -4.53% for 9M-FY26. The company also outlined its strategic initiatives, including technological advancements and sustainability efforts, such as solar energy adoption and water conservation measures. GSL's leadership team was introduced, showcasing their extensive experience in the industry.

The presentation highlighted both operational strengths and recent financial challenges.

Sourced from an exchange-filed presentation, dated 13 Mar 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26127 pages

Global Surfaces Limited's FY2025-26 annual report highlights strategic initiatives including diversification of geographic revenue with a new Dubai facility, improved working capital efficiency, and the Marquartz product platform gaining traction in premium markets. The report emphasizes resilience in maintaining balance sheet discipline despite challenging conditions, with a focus on long-term growth through capacity expansion and product innovation. The company also outlines corporate governance practices, risk management frameworks, and sustainability efforts.

  • Diversified geographic revenue base with Dubai facility as a growth engine and hedge against trade disruptions
  • Improved working capital efficiency and declining long-term debt
  • Marquartz product platform gaining traction in premium markets
  • Corporate governance practices including performance evaluation of the Board and Directors
  • Risk management frameworks and sustainability initiatives

Key takeaway: Global Surfaces Limited has demonstrated resilience and strategic adaptability by expanding its geographic footprint, improving operational efficiencies, and focusing on product innovation to drive sustainable growth despite challenging market conditions.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 26 Aug 2026View source filing →

Governance disclosures

AI-generated

Needs attention

No item of a kind that needs attention was stored for this company.

Contingent Liability

2 occurrences

Recent (last 12 months)

Annual Report26 Aug 2026 (FY2025-26)· 4 passages
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The company has contingent liabilities related to guarantees given for loans of Global Surfaces FZE and advances given to Orange Monkey Media, Sweta Shah, and others.

Earlier (1-3 years ago)

Annual Report23 Aug 2025 (FY2024-25)· 2 passages
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Global Surfaces Limited has provided guarantees and loans to entities such as Divine Surfaces Private Limited, Global Surfaces FZE, and Orange Monkey Media, with outstanding balances and interest accrued as of March 31, 2025.

Related-Party Transaction

2 occurrences

Recent (last 12 months)

Annual Report26 Aug 2026 (FY2025-26)· 4 passages
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The company obtained shareholder approval for Material Related Party Transactions with Subsidiaries through a postal ballot.

Earlier (1-3 years ago)

Annual Report23 Aug 2025 (FY2024-25)
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The company obtained shareholder approval for material related party transactions with subsidiaries through a postal ballot process.

Statutory dues in dispute

1 occurrence

Recent (last 12 months)

Annual Report26 Aug 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default· 2 passages
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The company has statutory dues pending for Income Tax for AY 2023-24 and AY 2013-14 to 2021-22, and GST for 2017-2018, with disputes pending before CIT(Appeals) and Additional Commissioner, respectively.

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