Global Surfaces Limited (GSLSU) - Net Assets
Based on the latest financial reports, Global Surfaces Limited (GSLSU) has net assets worth Rs2.98 Billion INR (≈ $32.24 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.73 Billion ≈ $61.95 Million USD) and total liabilities (Rs2.75 Billion ≈ $29.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Global Surfaces Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.98 Billion |
| % of Total Assets | 52.04% |
| Annual Growth Rate | 36.36% |
| 5-Year Change | 208.83% |
| 10-Year Change | N/A |
| Growth Volatility | 33.82 |
Global Surfaces Limited - Net Assets Trend (2020–2025)
This chart illustrates how Global Surfaces Limited's net assets have evolved over time, based on quarterly financial data. Also explore GSLSU current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Global Surfaces Limited (2020–2025)
The table below shows the annual net assets of Global Surfaces Limited from 2020 to 2025. For live valuation and market cap data, see GSLSU market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.04 Billion ≈ $32.88 Million |
-8.57% |
| 2024-03-31 | Rs3.32 Billion ≈ $35.96 Million |
+27.22% |
| 2023-03-31 | Rs2.61 Billion ≈ $28.26 Million |
+94.97% |
| 2022-03-31 | Rs1.34 Billion ≈ $14.50 Million |
+36.17% |
| 2021-03-31 | Rs984.34 Million ≈ $10.65 Million |
+52.65% |
| 2020-03-31 | Rs644.84 Million ≈ $6.97 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Global Surfaces Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 139.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs975.74 Million | 32.27% |
| Common Stock | Rs423.82 Million | 14.02% |
| Other Comprehensive Income | Rs520.95 Million | 17.23% |
| Other Components | Rs1.10 Billion | 36.48% |
| Total Equity | Rs3.02 Billion | 100.00% |
Global Surfaces Limited Competitors by Market Cap
The table below lists competitors of Global Surfaces Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thai O.P.P. Public Company Limited
BK:TOPP
|
$26.18 Million |
|
Hanwha Investment&Securities Co Ltd Pref
KO:003535
|
$26.19 Million |
|
Renovaro Biosciences Inc
NASDAQ:RENB
|
$26.19 Million |
|
Legacy Minerals Holdings Ltd
AU:LGM
|
$26.19 Million |
|
Andromeda Metals Ltd
AU:ADN
|
$26.17 Million |
|
CompuLab Ltd
TA:CLAB
|
$26.17 Million |
|
KNOREX LTD.
NYSE MKT:KNRX
|
$26.16 Million |
|
Regal Holding Co Ltd
TW:4807
|
$26.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Surfaces Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,305,070,000 to 3,023,400,000, a change of -281,670,000 (-8.5%).
- Net loss of 285,350,000 reduced equity.
- Other comprehensive income increased equity by 3,579,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-285.35 Million | -9.44% |
| Other Comprehensive Income | Rs3.58 Million | +0.12% |
| Other Changes | Rs100.00K | +0.0% |
| Total Change | Rs- | -8.52% |
Book Value vs Market Value Analysis
This analysis compares Global Surfaces Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.00x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | Rs19.04 | Rs57.11 | x |
| 2021-03-31 | Rs29.07 | Rs57.11 | x |
| 2022-03-31 | Rs39.58 | Rs57.11 | x |
| 2023-03-31 | Rs76.54 | Rs57.11 | x |
| 2024-03-31 | Rs77.94 | Rs57.11 | x |
| 2025-03-31 | Rs71.31 | Rs57.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Surfaces Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.74%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.84x
- Recent ROE (-9.44%) is below the historical average (16.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 32.51% | 12.89% | 1.26x | 2.00x | Rs145.16 Million |
| 2021 | 34.47% | 19.44% | 1.10x | 1.62x | Rs240.89 Million |
| 2022 | 26.59% | 18.84% | 0.80x | 1.76x | Rs222.31 Million |
| 2023 | 9.27% | 13.67% | 0.38x | 1.77x | Rs-18.99 Million |
| 2024 | 5.66% | 8.30% | 0.43x | 1.58x | Rs-143.51 Million |
| 2025 | -9.44% | -13.74% | 0.37x | 1.84x | Rs-587.69 Million |
Industry Comparison
This section compares Global Surfaces Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $92,633,207,778
- Average return on equity (ROE) among peers: 16.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Surfaces Limited (GSLSU) | Rs2.98 Billion | 32.51% | 0.92x | $26.18 Million |
| ACC Limited (ACC) | $163.32 Billion | 14.30% | 0.43x | $2.89 Billion |
| Ambuja Cements Limited (AMBUJACEM) | $39.02 Billion | 43.30% | 0.50x | $11.87 Billion |
| Birla Corporation Limited (BIRLACORPN) | $6.68 Billion | 48.76% | 1.20x | $757.42 Million |
| Dalmia Bharat Limited (DALBHARAT) | $157.59 Billion | 5.18% | 0.58x | $3.87 Billion |
| Grasim Industries Limited (GRASIM) | $361.58 Billion | 6.83% | 0.65x | $20.50 Billion |
| HeidelbergCement India Limited (HEIDELBERG) | $8.47 Billion | 3.64% | 1.90x | $389.25 Million |
| IFGL Refractories Limited (IFGLEXPOR) | $6.84 Billion | 6.46% | 0.31x | $147.97 Million |
| The India Cements Limited (INDIACEM) | $53.09 Billion | 1.23% | 1.07x | $1.33 Billion |
| JK Cement Limited (JKCEMENT) | $37.11 Billion | 19.12% | 1.66x | $4.42 Billion |
About Global Surfaces Limited
Global Surfaces Limited engages in the mining, production, and export of natural stones and engineered quartz in the United States, the United Arab Emirates, and India. It offers natural stones, such as granites, marbles, soft quartzites, and phylites and soapstones; and engineered quartz products, including stratum, prismatic, quartzites, kalmasa, and aurora. The company also trades in quartz sl… Read more