GRP Ltd

GRP Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GRP Ltd

₹ 1,600 -11.52%
18 May - close price
grrpl.com; www.grpweb.com BSE: 509152 NSE: GRPLTD
About

GRP Ltd, established in 1974, is a manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products die-cut from end-of- life tyres. [1]

Key Points

Business Verticals
1. Reclaim Rubber[1][2]
GRP’s core business, contributing ~89% of revenue, involves recycling end-of-life tyres, tubes, and rubber waste into reclaim rubber. This serves as a sustainable substitute for virgin rubber in industries like tyre manufacturing, conveyor belts, automotive components, and industrial rubber products. With a strong presence in the global market, **GRP supplies reclaim rubber to 8 of the top 10 tyre manufacturers worldwide. **

Website BSE NSE
  • Market Cap ₹ 857 Cr.
  • Current Price ₹ 1,600
  • High / Low ₹ 3,164 / 1,500
  • Stock P/E 227
  • Book Value ₹ 334
  • Dividend Yield 0.91 %
  • ROCE 6.70 %
  • ROE 2.04 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 35.0%

Cons

  • Stock is trading at 4.78 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.4% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Rubber

Part of BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
95.54 99.34 114.41 109.69 137.94 126.20 131.65 132.26 160.34 123.75 132.36 134.71 144.52
89.70 92.83 103.33 99.27 115.22 113.42 121.85 119.62 127.49 113.82 121.74 123.97 135.59
Operating Profit 5.84 6.51 11.08 10.42 22.72 12.78 9.80 12.64 32.85 9.93 10.62 10.74 8.93
OPM % 6.11% 6.55% 9.68% 9.50% 16.47% 10.13% 7.44% 9.56% 20.49% 8.02% 8.02% 7.97% 6.18%
1.16 0.52 0.43 0.48 -2.23 0.47 0.24 0.40 0.25 0.93 0.78 -0.92 0.50
Interest 1.78 1.80 1.88 1.91 1.69 2.10 2.18 2.94 3.25 3.39 3.54 3.86 4.00
Depreciation 2.93 2.76 2.98 3.28 3.44 3.83 3.97 4.05 4.16 4.25 4.54 4.89 4.98
Profit before tax 2.29 2.47 6.65 5.71 15.36 7.32 3.89 6.05 25.69 3.22 3.32 1.07 0.45
Tax % -20.09% 20.65% 29.32% 24.52% 23.96% 40.30% 35.48% 27.44% 24.29% 45.65% 40.96% 20.56% 400.00%
2.75 1.97 4.69 4.31 11.67 4.37 2.51 4.38 19.45 1.75 1.96 0.85 -1.34
EPS in Rs 5.19 3.72 8.85 8.13 22.02 8.25 4.71 8.21 36.47 3.28 3.68 1.59 -2.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
339 315 304 300 357 349 280 388 451 461 550 535
317 286 278 281 332 330 263 364 426 411 482 495
Operating Profit 22 29 26 18 25 19 17 24 25 51 69 40
OPM % 7% 9% 9% 6% 7% 5% 6% 6% 6% 11% 13% 8%
8 -0 3 1 0 1 2 0 10 -1 1 1
Interest 5 4 4 4 5 8 5 5 6 7 10 15
Depreciation 15 14 14 14 13 14 13 12 13 12 16 19
Profit before tax 11 10 11 1 7 -2 1 7 15 30 43 8
Tax % 19% 24% 35% 197% 26% -232% -127% 23% 9% 25% 28% 60%
9 8 7 -1 5 3 2 6 14 23 31 3
EPS in Rs 16.74 14.92 13.00 -1.42 10.06 5.60 3.15 10.87 26.32 42.72 57.56 6.04
Dividend Payout % 17% 17% 19% -22% 20% 25% 20% 21% 16% 22% 25% 58%
Compounded Sales Growth
10 Years: 5%
5 Years: 14%
3 Years: 6%
TTM: -3%
Compounded Profit Growth
10 Years: -8%
5 Years: 39%
3 Years: -35%
TTM: -88%
Stock Price CAGR
10 Years: 19%
5 Years: 43%
3 Years: 22%
1 Year: -45%
Return on Equity
10 Years: 7%
5 Years: 10%
3 Years: 11%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1 1 1 1 1 1 1 1 1 1 5 5
Reserves 111 118 125 123 128 126 130 135 146 165 186 173
67 68 67 57 65 86 72 101 89 113 147 208
53 50 51 48 52 56 44 59 50 63 74 76
Total Liabilities 233 237 244 230 247 269 248 296 287 342 412 462
130 132 134 126 122 122 110 122 103 160 182 227
CWIP 6 2 2 2 1 2 2 0 11 1 27 6
Investments 1 1 1 1 1 1 0 15 16 2 2 14
97 102 107 100 123 144 135 158 156 180 201 216
Total Assets 233 237 244 230 247 269 248 296 287 342 412 462

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
32 18 21 22 8 7 25 2 25 27 45 30
-8 -13 -16 -7 -9 -11 1 -38 -5 -42 -61 -56
-24 -5 -6 -15 4 8 -20 23 -19 15 18 26
Net Cash Flow -1 0 -2 1 3 4 5 -13 0 -0 1 -1
Free Cash Flow 23 5 5 15 -0 -4 25 -22 13 -30 -18 -16
CFO/OP 150% 72% 90% 122% 45% 43% 148% 16% 116% 63% 76% 98%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 54 63 58 63 67 68 83 81 57 84 67 75
Inventory Days 62 82 121 91 74 100 117 107 81 86 77 69
Days Payable 42 46 42 42 46 50 43 50 27 42 41 38
Cash Conversion Cycle 74 99 137 112 95 118 158 138 111 127 103 105
Working Capital Days 3 10 22 22 22 21 46 38 37 27 18 26
ROCE % 8% 8% 8% 3% 6% 3% 2% 6% 9% 15% 18% 7%

Insights

In beta
Mar 2019 Mar 2021 Mar 2022 Mar 2024 Dec 2025
Installed Capacity - Engineering Plastics
MTPA ・Standalone data

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Installed Capacity - Reclaim Rubber
MTPA ・Standalone data
Market Share - India's Export in Reclaim Rubber
% ・Standalone data
Market Share - Reclaim Rubber (Domestic)
% ・Standalone data
Power Sourced via Renewables
%
Production Volume - Total Physical Output
Metric Tons (MT)
Capacity Utilization - Non-Reclaim Rubber Segments
% ・Standalone data
Installed Capacity - Crumb Rubber
MTPA ・Standalone data
Revenue from EPR Credits (Accrued/Sold/Sale)
INR Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
40.51% 40.41% 40.36% 40.36% 40.30% 40.29% 40.18% 40.06% 40.06% 40.06% 40.06% 40.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.01% 0.05% 0.03% 0.02% 0.02% 0.05%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.38% 0.38% 0.38% 0.00% 0.00% 0.00%
59.50% 59.58% 59.64% 59.64% 59.69% 59.66% 59.44% 59.53% 59.53% 59.93% 59.93% 59.90%
No. of Shareholders 3,0742,9972,9453,1513,8949,0978,4948,2378,3578,7958,5588,046

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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