Global Surfaces Limited (IN:GSLSU)
:GSLSU
Want to see IN:GSLSU full AI Analyst Report?
Top Page
Global Surfaces Limited
(GSLSU)
Select Model
Select Model
Rating:44Neutral
Price Target:
₹46.00
▼(-53.88% Downside)
Action:Reiterated
Date:06/20/26
The score is primarily weighed down by deteriorating profitability (two consecutive loss years) and volatile cash generation, despite a strong FY2026 revenue rebound. Technicals add additional risk as the stock remains in a pronounced downtrend with weak momentum. Valuation is difficult to support with a negative P/E and no dividend yield data.
Positive Factors
Revenue rebound (FY2026)
FY2026's 48.6% revenue rebound indicates a durable recovery in demand and the company's ability to scale manufacturing and sales volumes. Sustained top-line growth can improve fixed-cost absorption, raise utilization, and create runway for gradual margin recovery if cost control follows.
Negative Factors
Consecutive net losses and negative EBITDA
Two consecutive loss years and negative EBITDA materially erode retained earnings and constrain internal financing for investment. Persistent unprofitability undermines competitive positioning, may force cost cuts that harm long-term capabilities, and increases reliance on external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound (FY2026)
FY2026's 48.6% revenue rebound indicates a durable recovery in demand and the company's ability to scale manufacturing and sales volumes. Sustained top-line growth can improve fixed-cost absorption, raise utilization, and create runway for gradual margin recovery if cost control follows.
Read all positive factors
Global Surfaces Limited (GSLSU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.99B
Dividend YieldN/A
Average Volume (3M)7.25K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue Growth12.33%
EPS Growth-6.67%
CountryIN
Employees247
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-6.13
Shares Outstanding42,381,817
10 Day Avg. Volume9,161
30 Day Avg. Volume7,255
Financial Highlights & Ratios
PEG Ratio-0.96
Price to Book (P/B)0.72
Price to Sales (P/S)0.84
P/FCF Ratio54.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Global Surfaces Limited Business Overview & Revenue Model
Company Description
Global Surfaces Limited is primarily engaged in the mining, production, and international trade of both natural stone varieties and engineered quartz. The company's extensive natural stone catalog features granites, marbles, soft quartzites, phyli...
How the Company Makes Money
Global Surfaces Limited generates revenue primarily by producing and selling engineered stone (such as quartz surfaces) and natural stone (such as granite) to a wide range of customers, including construction firms, real estate developers, and ret...
Global Surfaces Limited Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.32B | 2.33B | 2.08B | 2.25B | 1.77B | 1.89B |
| Gross Profit | 983.59M | 662.21M | 1.06B | 785.55M | 706.78M | 771.78M |
| EBITDA | 120.55M | -113.37M | 91.67M | 380.34M | 382.91M | 498.47M |
| Net Income | -259.98M | -304.28M | -285.35M | 187.00M | 242.34M | 356.34M |
Balance Sheet | ||||||
| Total Assets | 5.73B | 5.41B | 5.58B | 5.22B | 4.62B | 2.36B |
| Cash, Cash Equivalents and Short-Term Investments | 108.84M | 105.69M | 29.48M | 27.41M | 122.21M | 126.97M |
| Total Debt | 2.12B | 2.14B | 2.01B | 1.46B | 1.67B | 794.70M |
| Total Liabilities | 2.75B | 2.70B | 2.54B | 1.89B | 2.01B | 1.02B |
| Stockholders Equity | 2.96B | 2.71B | 3.02B | 3.31B | 2.61B | 1.34B |
Cash Flow | ||||||
| Free Cash Flow | 59.13M | 35.97M | -358.99M | -1.41B | -874.19M | 160.83M |
| Operating Cash Flow | 90.19M | 126.12M | -312.25M | -372.52M | 270.26M | 281.90M |
| Investing Cash Flow | -44.47M | -104.45M | -59.92M | 90.27M | -2.05B | -281.37M |
| Financing Cash Flow | -25.25M | -11.65M | 374.07M | 243.11M | 1.83B | -34.63M |
Global Surfaces Limited Technical Analysis
Negative
99.73
Price Trends
55.94
Negative
65.62
Negative
86.85
Negative
Market Momentum
-1.90
Positive
33.55
Neutral
27.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GSLSU, the sentiment is Negative. The current price of 99.73 is above the 20-day moving average (MA) of 52.61, above the 50-day MA of 55.94, and above the 200-day MA of 86.85, indicating a bearish trend. The MACD of -1.90 indicates Positive momentum. The RSI at 33.55 is Neutral, neither overbought nor oversold. The STOCH value of 27.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GSLSU.
Global Surfaces Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹27.86B | 8.31 | ― | 0.29% | 3.11% | 269.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹112.00B | 31.02 | ― | ― | 9.48% | 1545.41% | |
56 Neutral | ₹74.86B | 17.99 | ― | 0.82% | 9.20% | 33.12% | |
52 Neutral | ₹116.23B | -265.18 | ― | ― | 6.86% | 53.19% | |
50 Neutral | ₹23.39B | 18.11 | ― | 0.19% | 4.61% | 186.13% | |
44 Neutral | ₹1.99B | -7.03 | ― | ― | 12.33% | -6.67% |
* Basic Materials Sector Average
IN:GSLSU
Global Surfaces Limited
46.94
-71.56
-60.39%
IN:INDIACEM
India Cements Ltd.
375.05
64.10
20.61%
IN:JKLAKSHMI
JK Lakshmi Cement Limited
603.00
-212.70
-26.08%
IN:MANGLMCEM
Mangalam Cement Ltd
850.70
128.27
17.76%
IN:NUVOCO
Nuvoco Vistas Corporation Limited
313.60
-24.80
-7.33%
IN:ORIENTCEM
Orient Cement Ltd.
135.60
-89.29
-39.70%
Global Surfaces Limited Corporate Events
Global Surfaces clears FY26 results, reshapes board roles and governance agenda
May 25, 2026
Global Surfaces Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion, and confirmed that trading in th...
Global Surfaces Clarifies 2% Promoter Group Share Transfer After Trust Dissolution
Mar 24, 2026
Global Surfaces Limited has disclosed an internal equity transaction involving an off-market inter-se transfer of 845,906 shares, representing 2% of its paid-up equity capital, within the promoter group. The shares were moved from the Vatsankit Sh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.