Global Surfaces Ltd (GSLSU) — shareholding pattern, promoter holding, financials and share price
About Global Surfaces Ltd (GSLSU)
Global Surfaces Ltd operates in the Granites & Marbles industry, within the Consumer Durables sector. It trades on the NSE as GSLSU and on the BSE under scrip code 543829. Its ISIN is INE0JSX01015.
Incorporated in 2004, Global Surfaces Ltd is in the business of manufacturing quartz and processing of granite and marble [1]
Global Surfaces Limited is an integrated producer and exporter of engineered quartz and processed natural stones, operating three manufacturing units in India and Dubai with downstream subsidiaries in the USA; the company focuses on slabs and countertops for residential, commercial and project markets, emphasizing engineered quartz which accounted for ~94% of 9M-FY26 revenue.
Financially, the company reported 9M-FY26 revenue of INR 1,878 Mn (up 25% YoY) with EBITDA of INR 76 Mn and EBITDA margin of 4.05%, while PAT remained negative at INR (85) Mn; management highlights volume-led recovery, but margins are still recovering from tariff pressures and prior low utilization, indicating an improving but fragile profitability profile.
Listed peers in Granites & Marbles: Pacific Industries Ltd, Royal Cushion Vinyl Products Ltd, Elegant Marbles and Grani Industries Ltd, Oriental Trimex Ltd, Aro Granite Industries Ltd, Madhav Marbles and Granites Ltd.
Valuation & Returns
10 Jul 2026At ₹40.04 a share on 10 Jul 2026, Global Surfaces Ltd (GSLSU) was valued at a price-to-earnings ratio of 15.4x against an industry P/E of 50.62x and a price-to-book of 0.56x on a book value of ₹71.34 per share as of Mar 2025. Solomo computes return on equity of -10.53% and return on capital employed of -1.6% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 15.4x
- Industry P/E
- 50.62x
- P/B
- 0.56x
- EPS (TTM)
- ₹-7.51
- Book value / share
- ₹71.34
- ROE
- -10.53%
- ROCE
- -1.6%
- ROA
- -5.71%
- Debt / equity
- 0.66x
- Dividend yield
- 0%
- EBITDA margin
- 4.44%
- 52-week range
- ₹36.8 – ₹139.9
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Global Surfaces Ltd (GSLSU) reported revenue of ₹233 crore, net profit of ₹-32 crore and earnings per share of ₹-7.18. That compares with revenue of ₹208 crore and net profit of ₹-29 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹45 crore and net profit ₹-23 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 190 | 178 | 225 | 208 | 233 |
| Net profit (₹ cr) | 36 | 24 | 20 | -29 | -32 |
| EPS (₹) | 10.52 | 5.72 | 4.41 | -6.73 | -7.18 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | -2.69% | -9.17% | -7.83% |
| Profit growth | -19.21% | -39.55% | -246.11% |
| Stock price CAGR | - | -48% | -77% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 73.25% of Global Surfaces Ltd (GSLSU) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.76%. Market capitalisation was ₹170 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2023.
Largest disclosed public shareholders in Jun 2026: KURJIBHAI PREMJIBHAI RUPARELIYA 3.39%, NARENDRA GOEL 1.5%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 73.25% | - | 0.76% | - | 26.75% |
| Mar 2026 | 73.25% | - | 1.59% | - | 26.75% |
| Dec 2025 | 73.25% | - | 1.6% | 0.13% | 26.75% |
| Sep 2025 | 73.25% | - | 0.76% | - | 26.75% |
| Jun 2025 | 73.25% | - | 0.57% | - | 26.75% |
| Mar 2025 | 73.25% | - | 1.67% | - | 26.75% |
| Dec 2024 | 73.25% | - | 1.53% | - | 26.75% |
| Sep 2024 | 73.25% | - | 1.53% | - | 26.75% |