Global Surfaces Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 12:12 pm

Market Cap	708 Cr.
Current Price	167
High / Low	333/167
Stock P/E	111
Book Value	76.2
Dividend Yield	0.00 %
ROCE	6.57 %
ROE	6.31 %
Face Value	10.0
PEG Ratio	-2.67

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Global Surfaces Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Global Surfaces Ltd	708 Cr.	167	333/167	111	76.2	0.00 %	6.57 %	6.31 %	10.0
Industry Average	708.00 Cr	167.00		111.00	76.20	0.00%	6.57%	6.31%	10.00

All Competitor Stocks of

Quarterly Result

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	38.13	48.69	49.29	40.49	39.60	36.37	40.23	40.07	108.62	57.15
Expenses	31.55	41.22	37.52	32.11	31.69	31.12	33.43	33.35	92.42	49.70
Operating Profit	6.58	7.47	11.77	8.38	7.91	5.25	6.80	6.72	16.20	7.45
OPM %	17.26%	15.34%	23.88%	20.70%	19.97%	14.43%	16.90%	16.77%	14.91%	13.04%
Other Income	2.50	1.78	-0.51	0.33	1.17	1.04	2.01	0.79	-0.12	0.69
Interest	1.17	1.15	0.75	0.84	0.83	0.91	1.43	1.15	1.02	3.35
Depreciation	2.83	0.48	3.90	2.71	2.34	1.70	1.79	1.87	3.57	4.54
Profit before tax	5.08	7.62	6.61	5.16	5.91	3.68	5.59	4.49	11.49	0.25
Tax %	1.18%	0.92%	8.47%	5.04%	2.71%	40.76%	39.89%	24.28%	5.66%	604.00%
Net Profit	5.02	7.54	6.05	4.90	5.75	2.18	3.36	3.41	10.83	-1.26
EPS in Rs	1.48	2.23	1.79	1.45	1.36	0.51	0.64	0.77	2.48	-0.29

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	163	176	190	178	225	246
Expenses	123	128	148	143	190	209
Operating Profit	41	48	42	36	35	37
OPM %	25%	27%	22%	20%	16%	15%
Other Income	2	3	8	3	4	3
Interest	5	3	3	4	4	7
Depreciation	17	13	11	9	9	12
Profit before tax	21	35	36	25	25	22
Tax %	-1%	2%	1%	4%	22%
Net Profit	21	34	36	24	20	16
EPS in Rs	32.50	52.61	10.52	5.72	4.41	3.60
Dividend Payout %	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	61.90%	5.88%	-33.33%	-16.67%
Change in YoY Net Profit Growth (%)	0.00%	-56.02%	-39.22%	16.67%

Global Surfaces Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	9%
TTM:	61%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-18%
TTM:	-59%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-8%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	13%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:36 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6	6	34	42	42	42
Reserves	58	92	100	219	288	281
Borrowings	54	38	79	166	145	153
Other Liabilities	11	22	23	35	47	62
Total Liabilities	129	159	236	462	522	538
Fixed Assets	60	54	88	89	294	287
CWIP	0	1	7	124	0	0
Investments	0	0	11	6	0	0
Other Assets	69	104	131	244	227	251
Total Assets	129	159	236	462	522	538

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	54	32	28	27	-37
Cash from Investing Activity +	-11	-8	-28	-205	9
Cash from Financing Activity +	-46	-19	-3	183	24
Net Cash Flow	-3	5	-3	4	-4

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-13.00	10.00	-37.00	-130.00	-110.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	63	83	75	90	178
Inventory Days	126	170	198	190	236
Days Payable	42	81	79	70	119
Cash Conversion Cycle	147	172	193	210	295
Working Capital Days	106	123	154	128	243
ROCE %		30%	21%	9%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	73.37%	73.37%	73.37%	73.37%	73.37%	73.37%	73.26%
FIIs	7.49%	4.85%	1.71%	2.34%	2.11%	1.89%	1.53%
DIIs	1.02%	0.45%	0.62%	0.45%	0.00%	0.00%	0.00%
Public	18.13%	21.32%	24.29%	23.85%	24.52%	24.75%	25.22%
No. of Shareholders	13,037	11,578	12,357	13,603	12,894	13,519	14,343

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.41	7.10	10.52	10.02	6.19
Diluted EPS (Rs.)	4.41	7.10	10.52	10.02	6.19
Cash EPS (Rs.)	6.77	7.94	13.71	72.78	58.64
Book Value[Excl.RevalReserv]/Share (Rs.)	78.45	61.66	39.58	152.61	99.97
Book Value[Incl.RevalReserv]/Share (Rs.)	78.45	61.66	39.58	152.61	99.97
Revenue From Operations / Share (Rs.)	53.16	42.01	56.20	271.89	253.16
PBDIT / Share (Rs.)	9.13	9.03	14.72	79.00	66.36
PBIT / Share (Rs.)	7.02	6.81	11.54	58.82	40.22
PBT / Share (Rs.)	5.96	5.97	10.66	53.53	32.13
Net Profit / Share (Rs.)	4.67	5.72	10.52	52.61	32.50
NP After MI And SOA / Share (Rs.)	4.41	5.72	10.52	52.61	32.50
PBDIT Margin (%)	17.17	21.50	26.19	29.05	26.21
PBIT Margin (%)	13.20	16.20	20.52	21.63	15.88
PBT Margin (%)	11.20	14.20	18.97	19.68	12.68
Net Profit Margin (%)	8.78	13.60	18.72	19.34	12.83
NP After MI And SOA Margin (%)	8.30	13.60	18.72	19.34	12.83
Return on Networth / Equity (%)	5.65	9.27	26.58	34.47	32.51
Return on Capital Employeed (%)	6.89	8.83	20.85	35.75	32.94
Return On Assets (%)	3.58	5.24	15.06	21.34	16.28
Long Term Debt / Equity (X)	0.15	0.07	0.08	0.06	0.21
Total Debt / Equity (X)	0.29	0.46	0.27	0.38	0.82
Asset Turnover Ratio (%)	0.45	0.50	1.07	1.22	0.00
Current Ratio (X)	2.22	1.59	2.37	1.66	1.18
Quick Ratio (X)	1.37	1.27	1.41	1.00	0.70
Inventory Turnover Ratio (X)	1.47	1.88	2.42	2.72	0.00
Interest Coverage Ratio (X)	8.59	10.73	16.82	14.94	8.20
Interest Coverage Ratio (Post Tax) (X)	5.39	7.79	13.03	10.95	5.01
Enterprise Value (Cr.)	1071.55	704.21	0.00	0.00	0.00
EV / Net Operating Revenue (X)	4.76	3.95	0.00	0.00	0.00
EV / EBITDA (X)	27.70	18.39	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	4.34	3.91	0.00	0.00	0.00
Price / BV (X)	2.96	2.67	0.00	0.00	0.00
Price / Net Operating Revenue (X)	4.34	3.91	0.00	0.00	0.00
EarningsYield	0.01	0.03	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Global Surfaces Ltd as of December 24, 2024 is: 544.39

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 24, 2024, Global Surfaces Ltd is Undervalued by 225.98% compared to the current share price 167.00

Intrinsic Value of Global Surfaces Ltd as of December 24, 2024 is: 318.39

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 24, 2024, Global Surfaces Ltd is Undervalued by 90.65% compared to the current share price 167.00

Last 5 Year EPS CAGR: -41.51%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (173.00 cr) compared to borrowings (105.83 cr), indicating strong financial stability. The company has shown consistent growth in sales (196.33 cr) and profit (27.33 cr) over the years.	The stock has a low average ROCE of 13.40%, which may not be favorable. The stock has a high average Working Capital Days of 150.80, which may not be favorable. The stock has a high average Cash Conversion Cycle of 203.40, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Global Surfaces Ltd:
1. Net Profit Margin: 8.78%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 6.89% (Industry Average ROCE: 6.57%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.65% (Industry Average ROE: 6.31%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 5.39
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.37
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 111 (Industry average Stock P/E: 111)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.29
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Granites/Marbles

INDUSTRY	ADDRESS	CONTACT
Plot No. PA-10-006, Engineering and Related Industries SEZ, Jaipur Rajasthan 302037	Mr.	Mayank%20Shah Chairman%20&%20Managing%20Director

Management
Name	Position Held
Mrs. Sweta Shah	Executive Director
Mr. Ashish Kumar Kachawa	Non Executive Director
Mr. Dinesh Kumar Govil	Independent Director
Mr. Yashwant Kumar Sharma	Independent Director
Mr. Sudhir Baxi	Independent Director

FAQ

What is the latest intrinsic value of Global Surfaces Ltd?

The latest intrinsic value of Global Surfaces Ltd as on 24 December 2024 is ₹544.39, which is 225.98% higher than the current market price of ₹167.00. The stock has a market capitalization of 708 Cr. and recorded a high/low of 333/167 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹281 Cr and total liabilities of ₹538 Cr.

What is the Market Cap of Global Surfaces Ltd?

The Market Cap of Global Surfaces Ltd is 708 Cr..

What is the current Stock Price of Global Surfaces Ltd as on 24 December 2024?

The current stock price of Global Surfaces Ltd as on 24 December 2024 is 167.

What is the High / Low of Global Surfaces Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Global Surfaces Ltd stocks is 333/167.

What is the Stock P/E of Global Surfaces Ltd?

The Stock P/E of Global Surfaces Ltd is 111.

What is the Book Value of Global Surfaces Ltd?

The Book Value of Global Surfaces Ltd is 76.2.

What is the Dividend Yield of Global Surfaces Ltd?

The Dividend Yield of Global Surfaces Ltd is 0.00 %.

What is the ROCE of Global Surfaces Ltd?

The ROCE of Global Surfaces Ltd is 6.57 %.

What is the ROE of Global Surfaces Ltd?

The ROE of Global Surfaces Ltd is 6.31 %.

What is the Face Value of Global Surfaces Ltd?

The Face Value of Global Surfaces Ltd is 10.0.

Share Price and Basic Stock Data

Stock P/E, Current Price, and Intrinsic Value Over Time

Competitors of

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Global Surfaces Ltd?

What is the Market Cap of Global Surfaces Ltd?

What is the current Stock Price of Global Surfaces Ltd as on 24 December 2024?

What is the High / Low of Global Surfaces Ltd stocks in FY 2024-2025?

What is the Stock P/E of Global Surfaces Ltd?

What is the Book Value of Global Surfaces Ltd?

What is the Dividend Yield of Global Surfaces Ltd?

What is the ROCE of Global Surfaces Ltd?

What is the ROE of Global Surfaces Ltd?

What is the Face Value of Global Surfaces Ltd?

About the Author

Getaka