Global Surfaces share price & results
- Jun 2026
- Jun 2026
Jaipur-based manufacturer and exporter of engineered quartz and natural stone (marble, granite, quartzite) surfaces for countertops, flooring and cladding, with plants in India and Dubai.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 65.4 | −12.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.7 | +2.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.06 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -10.57 | −1.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 7.85 | +24.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -0.37 | +19.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −75.8% 1Y
1Y: ₹101.77 on 24 Oct 2025 → ₹24.6. High ₹133.46 (14 Nov 2025), low ₹23.44 (26 Oct 2026).
- Previous close
- ₹23.44
- Market cap
- ₹124 Cr
- 52-week range
- ₹23.44 – ₹133.46
- One year
- −76.02%
- Return on equity (TTM to Jun 2026)
- -10.57%
Overview
- Symbol
- NSE:GSLSU
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Global Surfaces Limited does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +111% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 47 | 46 | 57 | 75 | 54 | 59 | 45 | 65 |
| Expenses | 45 | 51 | 59 | 67 | 58 | 56 | 64 | 57 |
| Operating profit | 2 | -5 | -2 | 8 | -4 | 3 | -19 | 8 |
| Operating margin | 3.7% | −11.5% | −3.3% | 10.7% | −6.6% | 5.5% | −41.8% | 12.7% |
| Other income | 1 | 5 | 0 | 0 | 9 | 2 | 10 | 0 |
| Interest | 3 | 4 | 5 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | -5 | -9 | -11 | 0 | -3 | -3 | -17 | 0 |
| Tax rate | 24.4% | 18.9% | −3.7% | 627.3% | 64.0% | 14.8% | 34.1% | 87.5% |
| Net profit | -6 | -10 | -11 | -1 | -5 | -3 | -23 | 0 |
| EPS (₹ per share) | -1.51 | -2.45 | -2.48 | -0.10 | -1.10 | -0.71 | -5.27 | 0.04 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 178 | 225 | 208 | 233 |
| Expenses | 143 | 190 | 206 | 245 |
| Operating profit | 35 | 35 | 2 | -11 |
| Other income | 3 | 4 | 7 | 22 |
| Interest | 4 | 5 | 15 | 15 |
| Depreciation | 9 | 9 | 19 | 18 |
| Profit before tax | 25 | 25 | -25 | -23 |
| Net profit | 24 | 20 | -29 | -32 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 34 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 100 | 219 | 288 | 260 | 254 | 228 |
| Borrowings | 79 | 166 | 145 | 199 | 212 | 214 |
| Other liabilities | 23 | 35 | 47 | 56 | 65 | 56 |
| Total liabilities | 236 | 462 | 522 | 558 | 573 | 541 |
| Fixed assets | 88 | 89 | 294 | 286 | 289 | 296 |
| Capital work in progress | 7 | 124 | 0 | 0 | 0 | 0 |
| Investments | 11 | 6 | 0 | 0 | 0 | 0 |
| Other assets | 131 | 244 | 227 | 271 | 283 | 245 |
| Total assets | 236 | 462 | 522 | 558 | 573 | 541 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 32 | 28 | 27 | -37 | -31 | 27 |
| Cash from investing | -8 | -28 | -205 | 9 | -6 | -10 |
| Cash from financing | -19 | -3 | 183 | 24 | 37 | -16 |
| Net cash flow | 5 | -3 | 4 | -4 | 0 | 1 |
| Free cash flow | 24 | 18 | -87 | -141 | -35 | 19 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 83 | 75 | 90 | 178 | 224 | 151 |
| Inventory days | 176 | 198 | 190 | 236 | 342 | 277 |
| Days payable | 84 | 79 | 70 | 119 | 165 | 132 |
| Cash conversion cycle | 175 | 193 | 210 | 295 | 401 | 295 |
| Working capital days | 59 | 103 | -80 | 169 | 144 | 62 |
| Return on capital employed | 30.0% | 21.0% | 9.0% | 7.0% | −2.0% | −2.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
United Arab Emirates contributes 54.1% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- United Arab Emirates 54.1%
₹40.81 crore
- India 29.3%
₹22.13 crore
- United States of America 16.5%
₹12.48 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| United Arab Emirates | 40.81 | 54.1% |
| India | 22.13 | 29.3% |
| United States of America | 12.48 | 16.5% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹75.42 crore
- Intersegment adjustment
- ₹10.00 crore
- Net segment revenue
- ₹65.42 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
United Arab Emirates grew from 46% to 54% of revenue over the last two years.
| Segment | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| United Arab Emirates | 46% | 16% | 18% | 38% | 51% | 54% | — | 54% | -7.2% |
| India | 36% | 55% | 51% | 42% | 32% | 27% | 35% | 29% | -21.4% |
| United States of America | 18% | 29% | 31% | 20% | 17% | 19% | — | 17% | -15.4% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 73.25% as of Jun 2026; institutions cut 0.83 pts since Mar 2026.
- Promoters 73.25%
- Foreign institutions 0.76%
- Domestic institutions 0.00%
- Public 26.00%
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.
- newly disclosed 3.39% held
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.
| Holder | Stake | Change |
|---|---|---|
| 55.46% | unchanged | |
| 6.82% | unchanged | |
| 5.66% | unchanged | |
| 3.39% | newly disclosed | |
| 2.53% | unchanged | |
| 2.00% | unchanged | |
| 1.50% | unchanged | |
| 0.16% | unchanged | |
| 0.16% | unchanged | |
| 0.16% | unchanged | |
| 0.16% | unchanged | |
| 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.
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