GRPLTDIndustrials

GRP Limited

Rubber · ISIN INE137I01015 · BSE 509152 · NSE EQ · FV ₹10
Last price
₹1,972
-0.37%today
What this company does

GRP Limited operates in Rubber, part of the Industrials sector. It booked ₹157 cr of revenue in its latest quarter (Q1 FY27) and kept 2.7% of sales as profit. It is the 4th largest of 7 Rubber companies we track, by market value.

GRP Limited (hereinafter referred to as ‘GRP’) stands today as one of India’s leading circular materials companies, built on decades of experience in transforming end-of-life waste into value-added materials for diverse industrial applications.
In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns50

How much profit it earns on the money it employs

Balance sheet20

How much it owes, and whether earnings cover the interest

Cash quality53

Whether reported profit actually arrives as cash

Growth & consistency44

Whether sales and profit have grown, and how steadily

Valuation17

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 27% vs last year
Profit up 140% vs last year
Promoters hold 40%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.7% net margin
! Carries high debt (D/E 1.2)

What if I invest in GRPLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,972 -0.37%
latest close · 2026-09-17
1-year return
+709.9%
52-wk low ₹22552-wk high ₹2,143
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio62.6High
LowAverageHigh
P/B ratio5.90High
Below bookModerateHigh
EV / EBITDA18.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.4%Fair
WeakFairStrong ▸15%
Return on capital17.5%Strong
WeakFairStrong
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin11.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.16High
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.22Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,052 cr
Book value
₹334
EPS
₹7.87
latest quarter
Net debt
₹206 cr
owes more than its cash
Enterprise value
₹1,258 cr
EBITDA
₹69 cr
annualised
EBIT
₹49 cr
annualised
Operating margin
7.9%
Return on assets
3.6%
Earnings yield
1.60%
P/S
1.68
Sales / share
₹1,176.2
Tax rate
50.1%
Face value
₹10
Shares
0.5 cr
Working capital
₹39 cr
Current assets
₹218 cr
Current liabilities
₹179 cr
Delivery %
71.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹161₹216, midpoint ₹189

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹157 cr
Other Income₹46.1 L
Total Income₹157 cr
Cost of Materials₹85 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹17 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹42 cr
Total Expenses₹149 cr
Profit before Tax₹8 cr
Tax Expense₹4 cr
Net Profit₹4 cr
Net margin on total income2.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹81 cr51.7%
Employee benefit expense₹17 cr10.6%
Finance costs₹4 cr2.5%
Depreciation & amortisation₹5 cr3.2%
Other expenses₹42 cr26.7%
Tax expense₹4 cr2.7%
Profit for the period₹4 cr2.7%
Total income ₹157 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue135 cr145 cr157 cr
Total income135 cr145 cr157 cr
Expenses133 cr145 cr149 cr
Profit before tax1 cr45.6 L8 cr
Tax22 L2 cr4 cr
Net profit (owners' share)85.2 L-1 cr4 cr
Net margin (owners' share, on revenue)0.6%-0.9%2.7%
EPS (₹)1.60-2.517.87
YoY (latest quarter): total income +26.2% · net profit +140.2%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹462 cr
Shareholder equity
₹178 cr
parent shareholders
Total debt
₹206 cr
Cash
₹47.5 L
Cash flow · H1 FY26
Operating
₹18 cr
Investing
₹-50 cr
Financing
₹32 cr
Peer comparison
Rubber · by market value
CompanyPriceMarket capP/E
Apcotex Industries Limited₹599₹3,108 cr9.8
Pix Transmissions Limited₹1,725₹2,350 cr11.1
Tinna Rubber and Infrastructure Limited₹1,001₹1,803 cr21.9
GRP Limitedthis company₹1,972₹1,052 cr62.6
Rubfila International Limited₹66₹357 cr15.4
Harrisons Malayalam Limited₹181₹333 cr21.2
Sampann Utpadan India Limited₹24₹118 cr14.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.18%
trailing 12 months
Dividend / share (TTM)
₹3.5
Last dividend
₹3.5
ex 16 Jul 2026
ActionDetailEx-date
Dividend₹3.5 / share16 Jul 2026
Dividend₹14.5 / share18 Jul 2025
Bonus issue1:312 Aug 2024
Dividend₹37.5 / share26 Jul 2024
Dividend₹17 / share28 Jul 2023
Dividend₹9 / share11 Aug 2022
Who owns it · 2026-06-30
No pledge
Promoter
40.0%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
59.9%
Promoter stake down 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRajendra Vadilal Gandhi · Promoters1.89 L25 Nov 25
SoldRajendra Vadilal Gandhi HUF · Promoter Group1.89 L25 Nov 25
BoughtKhyati S. Desai · Promoter Group67617 Jun 25
Bulk / block deals
SoldGOEL ANIL KUMAR · NSE9,000 @ ₹9,192.2121 May 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE6,845 @ ₹7,537.9210 May 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE6,845 @ ₹7,537.5810 May 24
Stake changes
BothHarsh R. Gandhi alongwith PAC · promoter→ 22.13% · 18,9097 Aug 24
BoughtMahesh V Gandhi · promoter→ 12.67%25 Jul 24
BothMahesh V. Gandhi alongwith PAC · promoter→ 12.67% · 1.43 L25 Jul 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Jul 2025
See the official result
1
Adoption of Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
5.68 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
Adoption of Audited Consolidated Financial Statements for the financial year ended 31st March, 2025 together with the Reports of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
5.68 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
Declaration of Dividend on Equity Shares for the financial year 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
5.68 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Hemal H. Gandhi (DIN: 01444424) as a director, who retires by rotation and being eligible, offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
5.68 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 28 named members
owning 33.9% between them · as of 2026-06-30
RAJENDRA VADILAL GANDHI4.87%
HARSH RAJENDRA GANDHI3.71%
NAYNA RAJENDRA GANDHI3.15%
AMISHI RAKESH GANDHI .3.00%
MAMTA RAJESH SALOT .3.00%
MILONI SIDDHARTH PAREKH .3.00%
KHYATI S DESAI .2.77%
HARISH VADILAL GANDHI2.45%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.