Global Surfaces Limited

BSE: GSLSU543829ISIN INE0JSX01015

Consumer Discretionary
Granites & Marbles

Share price

₹22.61-0.48 (-2.08%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹139.90
52W low: ₹22.11
Off 52W high: -83.84%
1M return: -22.33%
3M return: -20.97%
6M return: -60.05%
1Y return: -81.35%
20D avg volume: 3,561
50 DMA: ₹27.50
200 DMA: ₹50.10

Key ratios Consolidated

Market cap: ₹95.83 Cr
Current price: ₹22.61
52W high / low: ₹139.90 / ₹22.11
Face value: ₹10.00
P/E: -2.99
P/B: 0.36
EPS (TTM): ₹-7.56
Book value / share: ₹62.89
ROE: —
ROCE: -2.20%
Operating margin: —
Net margin: —
Debt / equity: 0.60
Net debt: ₹159.53 Cr
Interest cover: -0.53
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 222.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	59.88	65.42	45.39	59.27	54.08	74.50	57.47	46.06	46.97	57.15	—
	1.59	0.19	9.86	2.45	9.17	0.23	0.11	5.39	1.04	0.69	—
	61.47	65.61	55.25	61.71	63.24	74.73	57.58	51.45	48.01	57.84	—
	66.87	65.13	72.69	64.62	66.02	74.61	69.01	60.22	52.99	57.59	—
	26.37	22.43	10.97	40.16	22.45	34.02	26.84	23.70	27.91	29.69	—
	0.24	1.03	0.61	0.42	0.92	0.18	0.36	2.13	1.42	1.20	—
	8.09	7.62	8.48	8.23	8.32	8.27	7.56	6.95	7.12	7.36	—
	3.54	3.54	3.79	3.88	3.67	3.65	4.82	4.16	3.12	3.35	—
	4.72	4.50	4.53	4.72	4.72	4.41	4.80	4.68	4.63	4.54	—
	20.08	16.29	32.00	19.85	22.06	22.01	22.58	16.49	18.16	18.34	—
	-5.41	0.48	-17.43	-2.91	-2.78	0.12	-11.43	-8.77	-4.99	0.25	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	-5.41	0.48	-17.43	-2.91	-2.78	0.12	-11.43	-8.77	-4.99	0.25	—
	0.00	0.42	5.95	0.42	1.78	0.69	-0.42	1.66	1.21	1.52	—
	-5.40	0.06	-23.38	-3.33	-4.55	-0.57	-11.02	-10.43	-6.20	-1.26	—
	-1.25	0.04	-5.27	-0.71	-1.10	-0.10	-2.48	-2.45	-1.51	-0.29	—
Key metrics
	2.85	8.52	-9.11	5.69	5.61	8.18	-1.81	0.07	2.76	8.14	—
	4.80%	13.00%	-20.10%	9.60%	10.40%	11.00%	-3.10%	0.20%	5.90%	14.20%	—
	-9.00%	0.10%	-51.50%	-5.60%	-8.40%	-0.80%	-19.20%	-22.60%	-13.20%	-2.20%	—
	-0.50%	—	-3.70%	—	0.20%	—	-1.60%	—	—	—	—
	10.70%	-12.20%	-21.00%	28.70%	15.10%	30.40%	—	—	—	—	—
	-18.70%	110.50%	-112.20%	68.10%	26.60%	54.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	229.96	233.24	207.64	—
	14.09	21.70	7.24	—
	244.04	254.94	214.88	—
	269.31	277.94	239.81	—
	99.93	107.61	108.14	—
	2.30	1.29	5.12	—
	32.42	33.30	28.99	—
	14.75	14.99	15.44	—
	18.47	18.37	18.66	—
	88.22	95.93	75.56	—
	-25.27	-23.00	-24.93	—
	0.00	0.00	0.00	—
	-25.27	-23.00	-24.93	—
	6.79	8.84	3.97	—
	-32.05	-31.84	-28.90	—
	-7.19	-7.18	-6.73	—
Key metrics
	7.95	10.36	9.17	—
	3.46%	4.40%	4.40%	—
	-13.94%	-13.70%	-13.90%	—
	—	-2.20%	-2.30%	—
	-0.93%	12.30%	—	—
	—	-10.20%	—	—
	—	18.45	-35.90	—
	—	-0.86	1.08	—
	—	0.60	0.50	—
	—	159.53	149.32	—
	—	222.4	310.0	—
Balance sheet
	—	540.69	557.54	—
	—	216.60	242.06	—
	—	3.78	2.78	—
	—	96.42	127.69	—
	—	87.41	94.75	—
	—	20.75	10.72	—
	—	246.02	237.51	—
	—	41.72	46.14	—
	—	170.98	152.85	—
	—	163.31	152.10	—
	—	115.96	99.80	—
	—	47.35	52.30	—
	—	270.89	303.99	—
Cash flow
	—	27.47	-31.23	—
	—	-10.43	-5.99	—
	—	-16.04	37.41	—
	—	9.02	4.67	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	19.64	22.13	19.96	10.22	16.51	28.15	29.60	32.77	36.95	42.60	—
	3.94	2.95	14.34	6.08	13.37	3.60	3.08	9.74	5.41	4.65	—
	23.59	25.08	34.30	16.30	29.88	31.75	32.68	42.51	42.36	47.25	—
	23.32	22.12	27.63	15.35	23.17	29.64	37.12	38.49	37.93	39.38	—
	11.43	13.61	4.58	4.54	5.99	13.09	13.88	18.35	20.40	22.20	—
	3.00	0.14	0.37	0.10	0.20	0.10	0.75	—	0.75	0.34	—
	2.77	2.43	2.37	2.72	2.88	2.99	3.67	3.77	3.50	3.44	—
	0.72	0.86	0.81	0.83	0.92	1.01	1.81	0.92	0.91	0.91	—
	0.89	0.74	1.20	1.17	1.17	1.11	1.56	1.50	1.50	1.45	—
	7.51	6.26	7.79	5.08	9.29	10.44	14.43	11.18	11.48	11.88	—
	0.27	2.96	6.67	0.95	6.71	2.11	-4.43	4.02	4.43	7.86	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.27	2.96	6.67	0.95	6.71	2.11	-4.43	4.02	4.43	7.86	—
	0.22	0.42	5.47	0.46	1.78	0.65	0.32	1.84	1.03	1.49	—
	0.05	2.54	1.19	0.49	4.93	1.46	-4.11	2.18	3.40	6.37	—
	0.01	0.60	0.28	0.12	1.17	0.34	-0.97	0.51	0.80	1.50	—
Key metrics
	1.88	4.56	8.68	2.95	8.80	4.23	-1.06	6.44	6.84	10.22	—
	9.60%	20.60%	43.50%	28.90%	53.30%	15.00%	-3.60%	19.70%	18.50%	24.00%	—
	0.30%	11.50%	6.00%	4.80%	29.90%	5.20%	-13.90%	6.70%	9.20%	15.00%	—
	0.30%	—	2.10%	—	2.20%	—	-0.80%	—	—	—	—
	19.00%	-21.40%	-32.60%	-68.80%	-55.30%	-33.90%	—	—	—	—	—
	-99.00%	74.00%	129.00%	-77.50%	45.00%	-77.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	71.95	74.84	141.91	—
	27.31	37.39	22.89	—
	99.27	112.23	164.80	—
	88.42	95.79	152.92	—
	34.16	28.20	74.83	—
	3.61	0.77	0.33	—
	10.29	10.96	14.39	—
	3.22	3.57	4.54	—
	4.00	4.65	6.02	—
	26.64	32.60	48.97	—
	10.85	16.44	11.88	—
	0.00	0.00	0.00	—
	10.85	16.44	11.88	—
	6.57	8.83	4.04	—
	4.27	7.61	7.83	—
	1.01	1.80	1.85	—
Key metrics
	18.07	24.66	22.44	—
	25.11%	33.00%	15.80%	—
	5.93%	10.20%	5.50%	—
	—	5.70%	4.80%	—
	-32.78%	-47.30%	—	—
	-4.26%	-2.80%	—	—
	—	8.95	2.07	—
	—	1.57	0.49	—
	—	0.14	0.14	—
	—	47.00	47.97	—
	—	288.6	210.5	—
Balance sheet
	—	415.96	417.45	—
	—	126.24	139.80	—
	—	0.09	1.06	—
	—	45.54	57.35	—
	—	28.51	48.77	—
	—	5.13	4.02	—
	—	23.83	29.31	—
	—	14.86	24.26	—
	—	66.90	75.03	—
	—	47.09	49.03	—
	—	45.66	47.27	—
	—	1.43	1.76	—
	—	346.74	339.31	—
Cash flow
	—	11.92	3.84	—
	—	-4.45	-6.37	—
	—	-8.43	3.39	—
	—	2.97	1.77	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -32.78%
Profit YoY (TTM): -4.26%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -0.93%
Profit YoY (TTM): -20.62%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 73.24%

Quarter	September 2026	June 2026
Promoter %	73.24%	73.24%

Holder	Type	Holding	Previous	Change
MAYANK SHAH	Promoter	55.46%	55.46%	0.00%
MAYANK SHAH HUF (MAYANK SHAH)	Promoter Group	6.82%	6.82%	0.00%
SWETA SHAH	Promoter Group	5.66%	5.66%	0.00%
MRIDVIKA SHAH	Promoter Group	2.53%	2.53%	0.00%
VATSANKIT SHAH	Promoter Group	2.00%	2.00%	0.00%
RASHI AGARWAL	Promoter Group	0.16%	0.16%	0.00%
KARUNA DEVI AGARWAL	Promoter Group	0.16%	0.16%	0.00%
MUDIT AGARWAL	Promoter Group	0.16%	0.16%	0.00%
BIMAL KUMAR AGARWAL	Promoter Group	0.16%	0.16%	0.00%
STUTEE AGARWAL	Promoter Group	0.13%	0.13%	0.00%
Muvi Concept Foods Private Limited	Promoter Group	0.00%	0.00%	0.00%
SAURAV SHAH	Promoter Group	0.00%	0.00%	0.00%
Mayank Commercial Private Limited	Promoter Group	0.00%	0.00%	0.00%
NISHA SHAH	Promoter Group	0.00%	0.00%	0.00%
BIMAL KUMAR AGARWAL HUF(Bimal Kumar Agarwal)	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Midwest Limited	3,635	1,005.15	32.13	13.70%	—	—	-9.71%
Pokarna Ltd.	2,105	678.85	17.13	10.70%	-18.43% TTM	-14.76% TTM	-24.32%
Global Surfaces Limited	96	22.61	-2.99	-2.20%	-0.93% TTM	-20.62% TTM	-81.35%
Pacific Industries ltd.	96	138.85	34.78	1.20%	-28.21% TTM	-59.71% TTM	-21.99%
Royal Cushion Vinyl Products Ltd. S	51	13.98	-4.50	2.20%	-14.54% TTM	-717.56% TTM	-35.64%
Elegant Marbles & Grani Industries S	47	160.00	19.66	3.80%	+21.09% TTM	-20.53% TTM	-26.35%
Oriental Trimex Limited S	35	4.75	17.59	3.10%	+23.35% TTM	-76.65% TTM	-51.58%
Aro Granite Industries Ltd. S	33	21.74	-1.72	1.60%	-40.40% TTM	-171.11% TTM	-39.85%
Madhav Marbles & Granites Ltd.	28	31.50	-122.54	1.80%	+7.41% TTM	+71.08% TTM	-23.34%

Filings & corporate actions

Recent announcements

Newspapers publication for extract of un-audited financial results for quarter and period ended September 30, 2026.4 Nov 2026 · Company Update / Newspaper Publication
Audio of (Q2/ H1 FY''27) earnings'' call held on November 3, 2026 at 16:00 Hrs. (IST) is uploaded on the website of the Company. Please find enclosed a letter containing weblink for accessing ....3 Nov 2026 · Company Update / Analyst / Investor Meet
Revised earning''s presentation for the quarter and period ended on September 30, 2026.3 Nov 2026 · Company Update / Investor Presentation
Earning''s Presentation for the quarter and period ended on September 30, 2026.3 Nov 2026 · Company Update / Investor Presentation
Update on Key Managerial Personnel authorised for determining Materiality of Events as per Regulation 30(5) of SEBI (LODR) Regulations, 20152 Nov 2026 · Company Update / General
The Board has considered and approved the re-appointment of Mr. Sudhir Baxi (DIN: 00092322) as a Non-Executive Independent Director of the Company for a second term of 5 consecutive years ....2 Nov 2026 · Company Update / Change in Directorate
Please find enclosed the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026 as approved by the Board of Directors at its meeting ....2 Nov 2026 · Result / Financial Results
Outcome of the Board Meeting held on November 2, 20262 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation for the Earning''s Conference call to discuss the financial results for the Q2/H1 - FY''27 of the Company, scheduled to held on November 3, 2026.28 Oct 2026 · Company Update / Analyst / Investor Meet
Global Surfaces Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve un-audited Standalone and Consolidated ....27 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 202612 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed the Voting Results and Scrutinizer''s Report for the 35th Annual General Meeting of the Company held on September 19, 2026 through VC/OAVM.19 Sep 2026 · AGM/EGM / AGM
Proceedings of 35th Annual General Meeting of Global Surfaces Limited held through video conference on Saturday, September 19, 202619 Sep 2026 · AGM/EGM / AGM
Credit Rating by Acuite Ratings & Research Ltd.1 Sep 2026 · Company Update / Credit Rating
Copy of Newspaper publication for Notice of 35th Annual General Meeting of the Company scheduled to be held on September 19, 2026 at 11:00 through VC/OAVM.27 Aug 2026 · Company Update / Newspaper Publication
Copy of the letter being dispatched in compliance with Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015, to the Shareholders whose email address are not available with Company/RTA/Depository ....26 Aug 2026 · Company Update / General
Annual Report for the FY 2025-2626 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 35th Annual General Meeting scheduled to be held on Saturday, September 19, 2026 at 11:00 AM through Video Conferencing/Other Audio Visual Means, is enclosed.26 Aug 2026 · AGM/EGM / AGM
Enclosed please find a legible copy of Financial Results for the quarter ended on June 30, 2026 for your information and records.20 Aug 2026 · Company Update / General
Extract of Advertisement published in Newspapers in respect of pre-dispatch intimation for Notice of 35th Annual General Meeting scheduled to be held on Saturday, September 19, 2026 through VC/OAVM.18 Aug 2026 · Company Update / Newspaper Publication
Transcripts for the Q1 FY''27 Earning''s Conference Call held on August 11, 202614 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper publication for extract of un-audited financial results of the Company for the quarter ended on June 30, 2026.12 Aug 2026 · Company Update / Newspaper Publication
Audio of the Earning''s Conference call (Q1'' FY27) held today i.e. August 11, 2026 at 02:00 PM (IST) is uploaded on the website of the Company. Please refer enclosed letter for accessing ....11 Aug 2026 · Company Update / Analyst / Investor Meet
Please find enclosed the Earning''s Presentation for the quarter ended on June 30, 2026.11 Aug 2026 · Company Update / Investor Presentation
Please find enclosed corrigendum to our letter dated August 10, 2026, correcting an inadvertent error between two expense line items in the un-audited Consolidated Financial Results for ....11 Aug 2026 · Company Update / General
The Board of Directors at is meeting held on August 10, 2026, approved roll-over of the Corporate Guarantee by way of Standby Letter of Credit (''SBLC'') of INR 2 Crores, securing the Working ....10 Aug 2026 · Company Update / General
The Board of Directors at its meeting held on August 10, 2026, approved conversion of the unsecured inter-company loan (aggregating to INR 110.44 Crores as on reference date of June 30, ....10 Aug 2026 · Company Update / Acquisition
The Board of Directors at its meeting held on August 10, 2026, inter-alia, considered and approved the: - Re-appointment of Mrs. Sweta Shah as Whole-time Director w.e.f. September 11, ....10 Aug 2026 · Company Update / Change in Directorate
The Board of Directors at its meeting held on August 10, 2026, has approved the appointment of M/s. Ummed Jain & Co., Chartered Accountants (FRN: 119250W) as Statutory Auditors of the Company, ....10 Aug 2026 · Company Update / Appointment of Statutory Auditor/s
We wish to inform that the Board of Directors at its held on August 10, 2026, inter-alia noted & approved the following changes in management: - Cessation of Mr. Mayank Shah (DIN:01850199) ....10 Aug 2026 · Company Update / Change in Management
Financial Results for the quarter ended on June 30, 2026 as approved by the Board of Directors in its meeting held on August 10, 2026.10 Aug 2026 · Result / Financial Results
Outcome of the Board Meeting held on August 10, 2026.10 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation for Earnings Conference Call to discuss the financial results of Q1-FY27 of the Company, scheduled to be held on August 11, 20266 Aug 2026 · Company Update / Analyst / Investor Meet
Global Surfaces Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve inter-alia the Financial Results ....4 Aug 2026 · Board Meeting / Board Meeting
Reply to clarification sought by Exchanges on significant Price movement of the Company''s securities.18 Jul 2026 · Company Update / General
The Exchange has sought clarification from Global Surfaces Ltd on July 17, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....17 Jul 2026 · Company Update / Clarification
Compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026, enclosed herewith.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Company has received an order dated June 29, 2026 passed under section 271D of Income Tax Act, 1961.30 Jun 2026 · Company Update / General
Intimation for Closure of Trading Window with effect from July 1, 2026 till 48 hours after declaration of Financial Results for the quarter ending June 30, 2026.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Board meetings

2 Nov 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results