GSLSU

Global Surfaces financials

Market cap
₹115 Cr
Sector
Consumer Durables

What Global Surfaces Limited does

Global Surfaces Limited processes natural stones (marble, granite, quartzite) and manufactures engineered quartz slabs used in countertops, flooring, wall cladding, vanity tops and similar architectural applications. Manufacturing is spread across two units in Rajasthan (Bagru and the Mahindra SEZ, Jaipur) and a wholly-owned engineered-quartz facility of subsidiary Global Surfaces FZE in the Jebel Ali Free Zone, Dubai, UAE; the Bagru natural-stone unit was discontinued effective March 31, 2026 and is being wound down. The company sells through a mix of wholesale and direct OEM channels, supported by US subsidiaries Global Surfaces Inc. and Superior Surfaces Inc. that distribute quartz, marble and granite in North America. It also holds an exclusive license from SQIP, LLC (USA) and Veegoo Technology Co. Ltd. (China) to produce patented engineered-quartz products (RIFT VEIN™ and CONVERGENCE™ technologies) under its Marquartz brand.

Segments

  • Engineered Stones
  • Natural Stones
Manufacturing facilities
3 (2 in Rajasthan, India – Bagru and Mahindra SEZ; 1 in Jebel Ali Free Zone, Dubai, UAE)
Combined installed production capacity
~1,615,500 sq. mt. p.a. across India and Dubai plants
Engineered quartz manufacturing capacity
1,144,540 sq. mt. p.a.
Natural stone manufacturing capacity
471,164 sq. mt. p.a. (Bagru unit; discontinued effective 31-Mar-2026)
Total workforce
550+
International subsidiaries
3 – Global Surfaces Inc. & Superior Surfaces Inc. (USA), Global Surfaces FZE (UAE)
Founded 1991Headquarters Jaipur, Rajasthan, IndiaEmployees 550 (FY26) Company website

Quarterly results

Q1 FY27: revenue down 21.4%, net profit up 74.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue37 33 30 28 17 −55%10 −69%20 −33%22 −21%
EBITDA1 -3 -4 1 -5 −420%-3 +5%-6 −36%2 +152%
Net profit3 2 -4 1 5 +45%0 −78%1 +129%3 +74%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −73.3% 1Y

₹50₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹105.91 on 10 Sept 2025 → ₹28.25. High ₹133.46 (14 Nov 2025), low ₹24.2 (21 Jul 2026).

Financials, as filed

Revenue fell 25.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to -17.0%.

Year endingFY23FY24FY25FY26
Revenue₹178 Cr₹162 Cr₹142 Cr₹75 Cr
Operating profit₹35 Cr₹21 Cr₹-0 Cr₹-13 Cr
Operating margin19.7%13.3%-0.3%-17.0%
Interest₹4 Cr₹4 Cr₹5 Cr₹4 Cr
Depreciation₹9 Cr₹7 Cr₹6 Cr₹5 Cr
Net profit₹24 Cr₹21 Cr₹8 Cr₹8 Cr
Net margin13.5%13.0%5.5%10.8%
Cash from operations₹25 Cr₹3 Cr₹4 Cr₹12 Cr
Free cash flow₹22 Cr₹0 Cr₹3 Cr₹10 Cr
ROCE12.4%8.7%4.3%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹34 Cr₹42 Cr₹42 Cr₹42 Cr₹42 Cr
Reserves₹92 Cr₹100 Cr₹218 Cr₹289 Cr₹254 Cr₹304 Cr
Borrowings₹38 Cr₹38 Cr₹44 Cr₹42 Cr₹212 Cr₹48 Cr
Other liabilities₹22 Cr₹23 Cr₹20 Cr₹26 Cr₹65 Cr₹22 Cr
Total liabilities₹158 Cr₹194 Cr₹325 Cr₹399 Cr₹573 Cr₹416 Cr
Fixed assets₹54 Cr₹48 Cr₹47 Cr₹43 Cr₹289 Cr₹33 Cr
Capital work in progress₹1 Cr₹6 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹12 Cr₹26 Cr₹21 Cr₹0 Cr₹21 Cr
Other assets₹104 Cr₹129 Cr₹252 Cr₹334 Cr₹283 Cr₹362 Cr
Total assets₹158 Cr₹194 Cr₹325 Cr₹399 Cr₹573 Cr₹416 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.20 pp while FIIs added +0.19 pp. The shareholder count shrank 3% to 14,363.

Promoters
73.3%
FIIs
0.8%
Public
26.0%

Since Jun 2025

  • Public −0.20 pp
  • FIIs +0.19 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window the public went from 24.3% to 26.0% — +1.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.4%, FIIs 1.7%, DIIs 0.6%, Public 24.3%.Dec '23: Promoters 73.4%, FIIs 2.3%, DIIs 0.5%, Public 23.9%.Mar '24: Promoters 73.4%, FIIs 2.1%, Public 24.5%.Jun '24: Promoters 73.4%, FIIs 1.9%, Public 24.8%.Sep '24: Promoters 73.3%, FIIs 1.5%, Public 25.2%.Dec '24: Promoters 73.3%, FIIs 1.5%, Public 25.2%.Mar '25: Promoters 73.3%, FIIs 1.7%, Public 25.1%.Jun '25: Promoters 73.3%, FIIs 0.6%, Public 26.2%.Sep '25: Promoters 73.3%, FIIs 0.8%, Public 26.0%.Dec '25: Promoters 73.3%, FIIs 1.6%, DIIs 0.1%, Public 25.0%.Mar '26: Promoters 73.3%, FIIs 1.6%, Public 25.1%.Jun '26: Promoters 73.3%, FIIs 0.8%, Public 26.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Global Surfaces Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Mayank Shah 55.46%unchanged
Mayank Shah Huf (Mayank Shah) 6.82%unchanged
Sweta Shah 5.66%unchanged
Kurjibhai Premjibhai Rupareliya 3.39%newly disclosed
Mridvika Shah 2.53%unchanged
Vatsankit Shah 2.00%unchanged
Narendra Goel 1.50%unchanged
Karuna Devi Agarwal 0.16%unchanged
Mudit Agarwal 0.16%unchanged
Rashi Agarwal 0.16%unchanged
Bimal Kumar Agarwal 0.16%unchanged
Stutee Agarwal 0.13%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Global Surfaces Limited

Guides on how to read this kind of business and the numbers that matter.