GRP Ltd

GRP Ltd

1,777.90
INR
+21.45
(+1.22%)
10.64EPS
176.77P/E
10.03BMarket Cap
Nov 12Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
578.98
629.18
584
1,154.41
1,122.13
670.07
645.92
520.28
718.95
834.26
821.91
931.85
946.7
1,065.93
Basic EPS, GAAP
20.34
16.63
14.84
12.92
-1.41
9.99
5.56
3.13
10.8
26.15
42.44
57.57
6.04
10.63
Free Cash Flow per Basic Share
25.5
31.3
8.84
8.14
41.07
-1.52
-8.71
40.28
-42.24
-9.48
-56.78
-39.96
-30.91
- -
Dividend per Share
4.13
4.24
3.4
3
3.01
0.43
4.1
- -
0.64
2.25
4.25
9.38
14.5
- -
Book Value per Share
198.5
211.4
226.36
236.84
232.63
243.4
238.49
246.71
255.42
276.41
312.63
359.31
334.43
- -
Tangible Book Value per Share
197.05
209.76
224.76
235.53
231.84
242.78
237.62
245.91
255.23
276.14
312.24
358.92
333.46
- -
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Sales/Revenue/Turnover
3,088
3,356
3,115
6,157
5,985
3,574
3,445
2,775
3,834
4,449
4,383
4,970
5,049
5,684
Operating Margin (%)
7.35
2.3
4.94
53.17
51.44
2.3
-0.34
0.33
1.07
2.45
7.99
10.06
5.44
4.89
Depreciation Expense
124
147
142
143
139
133
136
127
124
125
125
160
187
194
Net Income, GAAP
108
89
79
69
-8
53
30
17
58
139
226
307
32
57
Effective Tax Rate (%)
39.01
19.57
24.4
35.31
197.75
26.16
- -
- -
22.58
8.86
25
28.49
60.05
57.22
Profit Margin (%)
3.51
2.64
2.54
1.12
-0.13
1.49
0.86
0.6
1.5
3.13
5.16
6.18
0.64
1
Working Capital
78
54
130
194
191
258
280
489
564
616
360
295
389
- -
LT Debt
242
105
99
114
53
29
123
161
305
254
222
379
870
- -
Total Equity
1,059
1,127
1,207
1,263
1,241
1,298
1,272
1,316
1,362
1,474
1,667
1,916
1,784
- -
Return on Invested Capital (%)
6.24
5.21
4.47
3.61
-160.69
3.16
- -
- -
1.09
6.45
9.45
11.35
2.77
- -
Return on Capital (%)
8.41
7.24
6.15
4.75
-0.49
4.17
- -
- -
4
8.15
10.66
12.07
2.36
- -
Return on Common Equity (%)
10.67
8.12
6.78
5.58
-0.6
4.2
2.31
1.29
4.3
9.84
14.41
17.13
1.74
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,205
- -
LT Borrowings
- -
863
- -
LT Finance Leases
- -
8
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
9,549
9,974
10,025

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,181
- -
Cash, Cash Equivalents & STI
- -
140
- -
Accounts Receivable, Net
- -
1,094
- -
Inventories
- -
518
- -
Total Current Liabilities
- -
1,792
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,205
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.18%
6.57%
-6.92%
Free Cash Flow
36.75%
32.8%
-22.66%
Net Income, GAAP
-62.47%
79.13%
-89.51%
Sales/Revenue/Turnover
9.92%
13.54%
1.59%
Total Cash Common Dividend
- -
- -
54.67%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,262
1,316
1,323
1,603
4,970
2026
1,237
1,324
1,347
1,445
5,049
2027
1,568
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8.19
4.7
8.22
36.46
57.57
2026
3.28
3.67
1.6
-2.51
6.04
2027
7.87
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
9.38
2026
- -
- -
- -
- -
14.5
2027
- -
- -
- -
- -
- -

Company Description

CEO
Harsh Rajendra Gandhi
Full Time Employees
909
Sector
Producer manufacturing
Industry
Miscellaneous manufacturing
Address
Kohinoor City Commercial I Mumbai MA India 400070
IPO Date
Feb 12, 2015
Website
grpweb.com
Business
GRP Limited (GRPLTD.NS), established in 1974 and headquartered in Mumbai, India, manufactures reclaimed rubber and upcycled polymer products from end-of-life tyres and waste materials. The company operates five business verticals—Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, Polymer Composites, and Custom Die Forms—with seven manufacturing units across India boasting an installed capacity of 81,200 metric tons per annum; it serves the global polymer industry in tyre, automotive, industrial, construction, logistics, and packaging sectors. Core products include high-quality reclaim rubber from whole tyres, tread peelings, natural rubber, and butyl tubes for tyre and non-tyre applications; engineering plastics such as upscaled polyamide from nylon waste and thermoplastic elastomers; repurposed polyolefins for rigid packaging equivalent to virgin materials; durable polymer composites from 100% recycled content as wood substitutes; and custom die forms like mats and vibration-absorbing components from truck and bus tyres. GRP maintains certifications including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 for its reclaim rubber units, with REACH certification for EU markets; it exports internationally while focusing on sustainability through reduced CO2 emissions and landfill diversion. In recent developments, GRP incorporated GRP Circular Solutions Limited in August 2022 to expand its circular economy initiatives. The company added capacity in fiscal 2022, including 2,800 MTPA in engineering plastics, 1,500 MTPA and 3,400 MTPA in polymer composites and reclaim rubber, respectively, alongside new product approvals from electrical and furniture manufacturers. GRP divested its stake in the Marangoni GRP joint venture to Marangoni Group around 2022, sharpening focus on core rubber, plastics, and composites operations while continuing supply partnerships.