Global Surfaces

Why is Global Surfaces Ltd falling/rising?

As of Mar'26, Global Surfaces Ltd is facing a significant stock price decline of -61.82% over the past year, underperforming the Sensex. The company has reported operating losses, a negative EBITDA, and a high debt-equity ratio, leading to its classification as a strong sell due to weak financial health and consistent underperformance.

As of Mar'26, Global Surfaces Ltd is experiencing a significant decline in its stock price. The stock has generated a return of -61.82% over the past year, which is substantially worse than the benchmark, the Sensex, which has only fallen by -10.21% during the same period. This underperformance is consistent, as the stock has also shown negative returns of -74.47% over the last three years compared to a positive return of +18.14% for the benchmark.<BR><BR>The company's financial health is concerning, with reported operating losses and a negative EBITDA of Rs. -11.32 crore. Additionally, the company declared a negative profit after tax of Rs. -22.32 crore, marking a drastic decline of -379.7% compared to the previous four-quarter average. The debt-equity ratio is at its highest level of 0.79 times, indicating increased financial risk. Furthermore, the average return on equity is only 3.73%, reflecting low profitability per unit of shareholders' funds.<BR><BR>These factors contribute to the stock's classification as a strong sell, as the company has demonstrated weak long-term fundamental strength and consistent underperformance against benchmarks. Overall, the combination of poor financial results, high debt levels, and significant losses has led to the stock's decline.

What does Global Surfaces do?

Global Surfaces Ltd is a micro-cap company in the diversified consumer products industry, specializing in stone products. As of March 2026, it reported net sales of 45 Cr and a net loss of 22 Cr, with a market cap of INR 227 Cr.

Overview:<BR>Global Surfaces Ltd operates in the diversified consumer products industry and is classified as a micro-cap company.<BR><BR>History:<BR>Global Surfaces Limited was incorporated in 1991 under the name "Swastic Niwas Private Limited." The company underwent several name changes, becoming "Global Stones Private Limited" in 2004 and "Global Surfaces Private Limited" in 2021. It transitioned to a public limited company and adopted its current name on October 21, 2021. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 45 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -22 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 227 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 30 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.75 <BR>Return on Equity: -11.25% <BR>Price to Book: 0.85 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

Which are the latest news on Global Surfaces?

How big is Global Surfaces?

As of 10th June, Global Surfaces Ltd has a market capitalization of 227.00 Cr, with recent net sales totaling 233.24 Cr and a net profit loss of 30.43 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Global Surfaces Ltd has a market capitalization of 227.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 233.24 Cr, while the sum of Net Profit for the same period reflects a loss of 30.43 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 302.34 Cr, and Total Assets amount to 537.64 Cr.

Who are in the management team of Global Surfaces?

The management team of Global Surfaces includes Mayank Shah (Chairman/Executive Director), Sweta Shah (Executive Director), Ashish Kumar (Non-Executive Director), and three Independent Non-Executive Directors: Dinesh Kumar Govil, Yashwant Kumar Sharma, and Sudhir Baxi.

The management team of Global Surfaces includes:<BR><BR>1. **Mayank Shah** - Chairman / Executive Director<BR>2. **Sweta Shah** - Executive Director<BR>3. **Ashish Kumar** - Non-Executive Director<BR>4. **Dinesh Kumar Govil** - Independent Non-Executive Director<BR>5. **Yashwant Kumar Sharma** - Independent Non-Executive Director<BR>6. **Sudhir Baxi** - Independent Non-Executive Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

Should I buy, sell or hold Global Surfaces Ltd?

Are Global Surfaces Ltd latest results good or bad?

Global Surfaces Ltd's latest results are concerning, showing a 23.42% decline in net sales and a consolidated net loss of ₹22.32 crores, indicating severe operational challenges and financial distress. The stock is significantly underperforming, trading 61.75% below its 52-week high, with analysts rating it a "Strong Sell."

Global Surfaces Ltd's latest results are quite concerning and can be classified as bad. The company reported a significant decline in net sales, which fell by 23.42% quarter-on-quarter to ₹45.39 crores. This marks the lowest quarterly revenue recorded in the available data. Additionally, the operating profit margin turned deeply negative at -41.82%, indicating severe operational challenges.<BR><BR>The financial metrics reflect a deteriorating situation, with a consolidated net loss of ₹22.32 crores for the quarter, representing a staggering decline of 641.53% compared to the previous quarter. The company's inability to generate positive operating cash flow and the mounting debt obligations further exacerbate its financial distress.<BR><BR>Moreover, the stock has been underperforming significantly, trading 61.75% below its 52-week high, and analysts have rated it with a "Strong Sell" sentiment, scoring just 9 out of 100. Overall, the results indicate a business in distress, with no clear signs of recovery or stabilization in the near term.

Is Global Surfaces technically bullish or bearish?

As of December 1, 2025, the technical trend is mildly bearish, supported by conflicting MACD signals, bearish moving averages, and negative indicators from Bollinger Bands and Dow Theory, suggesting a cautious approach.

As of 1 December 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD indicating bullish momentum but the monthly MACD showing a mildly bearish trend. The daily moving averages are also mildly bearish, and the weekly KST is bearish, reinforcing the negative outlook. Additionally, the Bollinger Bands on a monthly basis are bearish, while the Dow Theory indicates a mildly bearish trend on the weekly timeframe. Overall, the combination of these indicators suggests a cautious approach, with the bearish sentiment prevailing in the longer-term view.

How has been the historical performance of Global Surfaces?

Global Surfaces experienced significant financial fluctuations, reporting a net loss of -28.54 Cr in March 2025, down from a profit of 18.70 Cr in March 2024, primarily due to rising costs and decreased sales. Total liabilities increased to 537.64 Cr, while cash flow from operating activities remained negative at -31.00 Cr.

Answer:<BR>The historical performance of Global Surfaces has shown significant fluctuations over the years, particularly in profitability and sales.<BR><BR>Breakdown:<BR>Global Surfaces reported net sales of 207.64 Cr in March 2025, a decrease from 225.29 Cr in March 2024, but an increase from 178.07 Cr in March 2023. Total operating income mirrored this trend, remaining at 207.64 Cr in March 2025, down from 225.29 Cr in the previous year. The company's total expenditure, excluding depreciation, rose to 205.71 Cr in March 2025 from 190.32 Cr in March 2024, primarily driven by increased raw material costs and other expenses. Consequently, operating profit (PBDIT) plummeted to 9.17 Cr in March 2025 from 38.69 Cr in March 2024, leading to a profit before tax of -24.93 Cr in March 2025, a stark contrast to the profit of 25.25 Cr in March 2024. The net profit also fell to -28.54 Cr in March 2025 from 18.70 Cr in the previous year, resulting in a negative earnings per share of -6.73. On the balance sheet, total liabilities increased to 537.64 Cr in March 2025 from 500.42 Cr in March 2024, while total assets also rose to 537.64 Cr. Cash flow from operating activities remained negative at -31.00 Cr in March 2025, although cash and cash equivalents at the end of the period were stable at 2.00 Cr. Overall, Global Surfaces has faced challenges in maintaining profitability and managing costs, leading to a decline in financial performance in the latest fiscal year.

Who are the top shareholders of the Global Surfaces?

The top shareholders of Global Surfaces include Mayank Shah, the largest individual shareholder with 55.46%, and L7 Hitech Private Limited, the highest public shareholder at 2.05%. Institutional investors hold 1.67% collectively, while individual investors own 19.59% of the shares.

The top shareholders of Global Surfaces include the promoters, with Mayank Shah being the largest individual shareholder, holding 55.46% of the company. There are no pledged promoter holdings. In terms of institutional investors, 12 Foreign Institutional Investors (FIIs) hold a combined 1.67%. The highest public shareholder is L7 Hitech Private Limited, which holds 2.05%. Additionally, individual investors collectively hold 19.59% of the shares.

Is Global Surfaces overvalued or undervalued?

As of May 29, 2025, Global Surfaces is considered overvalued and risky due to negative financial ratios and poor stock performance, significantly underperforming compared to its peers and the Sensex.

As of 29 May 2025, Global Surfaces has moved from an attractive to a risky valuation grade. The company appears to be overvalued based on its current financial ratios, which include a PE ratio of -18.98, an EV to EBITDA of 378.21, and a ROE of -9.44%. These figures indicate significant financial distress compared to its peers, such as LT Foods Ltd. with a PE of 27.31 and an EV to EBITDA of 18.04, and Cera Sanitaryware Ltd. with a PE of 34.68 and an EV to EBITDA of 26.52.<BR><BR>The stark contrast in valuation metrics highlights that Global Surfaces is not only underperforming but also carries a higher risk profile than its competitors. Additionally, the company's stock has underperformed relative to the Sensex, with a year-to-date return of -24.09% compared to the Sensex's 5.56%. Overall, the combination of negative ratios and poor stock performance suggests that Global Surfaces is overvalued in the current market environment.

When is the next results date for Global Surfaces?

No Upcoming Board Meetings

Has Global Surfaces declared dividend?

No Dividend History Available

Who are the peers of the Global Surfaces?

Global Surfaces' peers include Kajaria Ceramics, Safari Industries, Cera Sanitary, V I P Industries, Borosil, Pil Italica Life, Mirza International, Exxaro Tiles, and Orient Bell. In terms of performance, Pil Italica Life leads with a 1-year return of 46.36%, while Global Surfaces has the lowest at -38.89%.

Peers: The peers of Global Surfaces are Kajaria Ceramics, Safari Inds., Cera Sanitary., V I P Inds., Borosil, Pil Italica Life, Mirza Internatio, Exxaro Tiles, and Orient Bell.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kajaria Ceramics, Safari Inds., and Cera Sanitary., while Average management risk is found at V I P Inds. and Orient Bell, and the rest have Below Average management risk. Growth is Excellent at Borosil, Good at Safari Inds., and Below Average at Kajaria Ceramics, Cera Sanitary., V I P Inds., Global Surfaces, Pil Italica Life, Mirza Internatio, Exxaro Tiles, and Orient Bell. Capital Structure is Excellent at Kajaria Ceramics, Safari Inds., Cera Sanitary., and Borosil, Good at Pil Italica Life and Mirza Internatio, while Below Average is noted for V I P Inds., Global Surfaces, Exxaro Tiles, and Shree Tirupati.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Pil Italica Life at 46.36%, while Global Surfaces has the lowest at -38.89%. Global Surfaces' 1-year return is significantly lower than that of Pil Italica Life. Additionally, the six-month return is negative for Kajaria Ceramics, V I P Inds., Borosil, Global Surfaces, Mirza Internatio, Exxaro Tiles, and Orient Bell.