Global Surfaces (NSE:GSLSU) ROE %: -33.01% (As of Mar. 2026)


NSE:GSLSU Global Surfaces Ltd NSE:GSLSU
56 GF Score
Price ₹45.72
GF Value ₹172.10
Valuation Possible Value Trap
! 3 Warning Signs
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What is Global Surfaces ROE %?

Global Surfaces NSE:GSLSU +1.76% 56 ROE % is -33.01% as of Mar. 2026. GuruFocus rates NSE:GSLSU with a GF Score™ of 56/100 and a GF Value™ of ₹172.10 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 404 Building Materials companies, Global Surfaces ranks worse than 86.63% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Global Surfaces's annualized net income for the quarter that ended in Mar. 2026 was ₹-893 Mil. Global Surfaces's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹2,705 Mil. Therefore, Global Surfaces's annualized ROE % for the quarter that ended in Mar. 2026 was -33.01%.

The historical rank and industry rank for Global Surfaces's ROE % or its related term are showing as below:

NSE:GSLSU' s ROE % Range Over the Past 10 Years
Min: -10.62   Med: 12.26   Max: 41.66
Current: -10.5

During the past 7 years, Global Surfaces's highest ROE % was 41.66%. The lowest was -10.62%. And the median was 12.26%.

NSE:GSLSU's ROE % is ranked worse than
86.63% of 404 companies
in the Building Materials industry
Industry Median: 4.335 vs NSE:GSLSU: -10.50

Global Surfaces  (NSE:GSLSU) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-892.92/2705.112
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-892.92 / 1815.72)*(1815.72 / 5406.9)*(5406.9 / 2705.112)
=Net Margin %*Asset Turnover*Equity Multiplier
=-49.18 %*0.3358*1.9988
=ROA %*Equity Multiplier
=-16.51 %*1.9988
=-33.01 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-892.92/2705.112
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-892.92 / -697.36) * (-697.36 / -940.36) * (-940.36 / 1815.72) * (1815.72 / 5406.9) * (5406.9 / 2705.112)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.2804 * 0.7416 * -51.79 % * 0.3358 * 1.9988
=-33.01 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Global Surfaces ROE % Related Terms


Global Surfaces ROE % Historical Data

* Premium members only.

The historical data trend for Global Surfaces's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Global Surfaces ROE % Chart

Global Surfaces Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 30.66 12.26 6.32 -9.02 -10.62

Global Surfaces Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.89 -0.57 -6.30 -4.06 -33.01

NSE:GSLSU vs CRH, VMC, MLM: ROE % Comparison

For the Building Materials subindustry, Global Surfaces's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Global Surfaces ROE % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Global Surfaces's ROE % distribution charts can be found below:

* The bar in red indicates where Global Surfaces's ROE % falls into.


NSE:GSLSU
56GF Score
Global Surfaces Ltd NSE:GSLSU
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Surfaces ROE % Calculation

Global Surfaces's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=-304.28/( (3023.4+2705.112)/ 2 )
=-304.28/2864.256
=-10.62 %

Global Surfaces's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-892.92/( (0+2705.112)/ 1 )
=-892.92/2705.112
=-33.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -33.01% mean?
Global Surfaces (NSE:GSLSU) has a ROE % of -33.01% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Global Surfaces and its competitors. According to the industry distribution chart, Global Surfaces ranks #350 out of 404 companies in the Building Materials industry, placing it in the top 86.6%.
Is Global Surfaces' ROE % too high?
Global Surfaces' current ROE % is -33.01%. Based on the distribution chart, Global Surfaces ranks #350 out of 404 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Global Surfaces has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Global Surfaces' ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Global Surfaces ranks #350 out of 404 companies for ROE %. This places Global Surfaces in the lower half of its industry. The industry median ROE % is 4.34. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Building Materials company?
The median ROE % among Building Materials companies is 4.34, based on 404 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Global Surfaces and its competitors. For the Building Materials industry, the median ROE % is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Surfaces's current ROE % is -33.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Surfaces stock overvalued right now?
Based on GuruFocus' analysis, Global Surfaces (NSE:GSLSU) is currently considered Possible Value Trap. The stock's GF Value™ is ₹172.10, compared to a current price of ₹45.72 — trading 73.4% below its estimated fair value. The current ROE % is -33.01%. Global Surfaces' overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Global Surfaces (NSE:GSLSU), the current ROE % is -33.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Global Surfaces (NSE:GSLSU) Overvalued in 2026?

Based on GuruFocus' analysis, Global Surfaces stock appears to be undervalued. The current stock price of ₹45.72 is trading 73.4% below its estimated GF Value™ of ₹172.10. GuruFocus considers Global Surfaces to be Possible Value Trap.

Key valuation signals for NSE:GSLSU:

  • ROE %: -33.01%
  • GF Value™: ₹172.10 vs. price of ₹45.72 (73.4% below fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the NSE:GSLSU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global Surfaces Business Description

Other Exchanges 543829:India
Address Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer, Jaipur, RJ, IND, 302037
Global Surfaces Ltd is engaged in engineered quartz and natural stone industry. The Engineered stones (Engineered quartz) comprise of Lampros, Lampros, Prismatic, Kalmasa, etc. The natural stone comprise of Marble, Granite and Quartzite. The Group sells its product majorly from three geographies: United States of America, United Arab Emirates and India.
56GF Score

Get the complete analysis for NSE:GSLSU

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹45.72
Price
₹172.10
GF Value