Global Surfaces Ltd

🔻 Global Surfaces Ltd: Acuité Downgrades Ratings; Revenue Up but Profitability Stays Negative

- Long-term rating downgraded to 'ACUITE BBB | Negative' on Rs. 9.1 Cr facilities

- Short-term rating downgraded to 'ACUITE A3+' on Rs. 134 Cr facilities

- Total outstanding bank facilities: Rs. 143.10 Cr

- Revenue: Rs. 233.24 Cr in FY26 (prev yr Rs. 207.64 Cr)

- PAT margin: (13.65%) in FY26 (prev yr (13.92%))

- Net worth: Rs. 270.78 Cr as on March 31, 2026 (prev yr Rs. 303.80 Cr)

- Gearing: 0.79 times in FY26 (prev yr 0.66 times)

- Interest coverage ratio: 0.69 times in FY26

- DSCR: 0.04 times in FY26

- Net cash accruals: negative Rs. 13.47 Cr in FY26 vs debt repayment Rs. 24.13 Cr