GRP Limited
NSE: GRPLTD · Rubber · sector
₹1,744.60NSE close 2026-10-26
Key numbers
Market cap₹930 cr
Price₹1,744.60
52w high / low₹2,210 / ₹1,500
P/E164.1xSector median 16.9x
P/B5.2xSector median 3.2x
Book value₹334.4
Dividend yield0.83%Sector median 1.03%
ROE3.1%Sector median 16.3%
ROCE7.4%Sector median 13.8%
OPM8.1%Sector median 12.0%
Debt / equity1.16xSector median 0.28x
EV/EBITDA24.5xSector median 12.7x
Interest cover1.9x
Current ratio1.22x
Sales growth 3y+5.9%Sector median +6.0%
Profit growth 3y-38.6%Sector median -2.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in Rubber (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹14 cr vs borrowings ₹206 cr (FY26): borrowings are higher by ₹192 cr.
- Borrowings rose in each of the last 3 years (₹88 cr → ₹206 cr).
- Operating profit covered interest 1.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 39% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,744.60 on 2026-10-26: -21.1% from the 52-week high, +16.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,466.40 · low ₹1,599.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 132 | 132 | 160 | 124 | 132 | 135 | 145 | 157 |
| EBITDA | 10 | 13 | 33 | 10 | 11 | 9 | 9 | 17 |
| OPM % | 7.4% | 9.6% | 20.5% | 8.0% | 8.0% | 6.9% | 6.2% | 10.8% |
| Other income | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Net profit | 3 | 4 | 19 | 2 | 2 | 1 | -1 | 4 |
| EPS (₹) | 4.70 | 8.22 | 36.46 | 3.28 | 3.67 | 1.60 | -2.51 | 7.87 |
| Revenue YoY | +0.5% | +1.9% | -9.9% | +26.7% | ||||
| Profit YoY | -21.9% | -80.6% | -106.9% | +140.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 388 | 451 | 461 | 550 | 535 | 568 |
| EBITDA | 23 | 25 | 48 | 68 | 39 | 46 |
| Net profit | 6 | 14 | 23 | 31 | 3 | 6 |
| EPS (₹) | 10.80 | 26.15 | 42.45 | 57.57 | 6.04 | 10.63 |
| Revenue growth | +16.1% | +2.3% | +19.3% | -2.7% | +3.7% | |
| Profit growth | +142.2% | +62.3% | +35.6% | -89.5% | -79.8% | |
| Dividend / share (₹) | 2.50 | 9.00 | 17.00 | 37.50 | 14.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.9% | +13.9% | +3.7% |
| Net profit | -38.7% | +14.0% | -79.8% |
| EPS | -38.6% | +14.1% | – |
| Share price | – | -26.2% (2y) | -20.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 147 | 167 | 192 | 178 |
| Borrowings | – | 88 | 113 | 146 | 206 |
| Cash & equivalents | – | 16 | 2 | 3 | 14 |
| Total assets | – | 287 | 342 | 412 | 462 |
| Fixed assets | – | 102 | 158 | 181 | 225 |
| Capital work in progress | – | 11 | 1 | 27 | 6 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 71 | 106 | 101 | 109 |
| Inventory | – | 46 | 49 | 53 | 52 |
| Payables | – | 15 | 24 | 28 | 29 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2 | 25 | 27 | 45 | 30 |
| Cash from investing | -38 | -5 | -42 | -61 | -56 |
| Cash from financing | 23 | -19 | 15 | 18 | 26 |
| Capex | 24 | 30 | 57 | 66 | 46 |
| Free cash flow | -23 | -5 | -30 | -21 | -16 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.5% | 13.6% | 16.0% | 1.8% |
| ROCE % | – | 9.2% | 13.4% | 15.8% | 5.9% |
| Debtor days | – | 57 | 84 | 67 | 75 |
| Inventory days | – | 81 | 86 | 77 | 69 |
| Payable days | – | 27 | 42 | 41 | 38 |
| Cash conversion cycle (days) | – | 111 | 128 | 103 | 106 |
| Working capital days | – | 50 | 29 | 20 | 27 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 40.05% |
| FIIs | 0.01% |
| DIIs | 0.28% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 59.66% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 40.19% | 40.06% | 40.06% | 40.06% | 40.06% | 40.06% | 40.05% | 40.05% |
| Promoter group | % |
|---|---|
| Rajendra Vadilal Gandhi | 4.87% |
| Harsh Rajendra Gandhi | 3.71% |
| Harsh Rajendra Gandhi | 3.21% |
| Nayna Rajendra Gandhi | 3.15% |
| Amishi Rakesh Gandhi . | 3.00% |
| Miloni Siddharth Parekh . | 3.00% |
| Mamta Rajesh Salot . | 3.00% |
| Harsh Rajendra Gandhi | 3.00% |
| Khyati S Desai . | 2.77% |
| Harish Vadilal Gandhi | 2.45% |
| Vaishali Rajendra Gandhi | 1.57% |
| Hemal Harsh Gandhi | 1.18% |
| The Industrial Development and Investment Company PVT Ltd | 1.05% |
| Enarjee Consultancy and Trading Company LLP | 1.02% |
| Ghatkopar Estate & Finance Corporation PVT Ltd | 1.00% |
| Public holders above 1% | % |
|---|---|
| Meera Philip | 6.12% |
| Koushik Sekhar | 3.83% |
| Miten Mehta | 2.78% |
| Kavita Philip | 2.54% |
| Meenakshi Mercantiles Ltd | 1.88% |
| GRP Limited | 1.77% |
7,653 shareholders. Pledged: 0.00% of promoter shares.
Peers in Rubber
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| APCOTEXIND | ₹2,715 cr | 16.9x | 4.4x | 27.5% | 31.2% | 16.1% | +10.1% | 1.33% |
| PIXTRANS | ₹2,246 cr | 17.1x | 3.2x | 20.4% | 24.8% | 25.3% | +6.2% | 0.54% |
| TINNARUBR | ₹1,357 cr | 21.7x | 4.5x | 25.8% | 22.6% | 18.6% | – | 0.51% |
| GRPLTD | ₹930 cr | 164.1x | 5.2x | 3.1% | 7.4% | 8.1% | +5.9% | 0.83% |
| HARRMALAYA | ₹287 cr | 10.6x | 1.6x | 16.3% | 13.8% | 4.1% | +3.5% | – |
| RUBFILA | ₹270 cr | 10.2x | 0.9x | 8.7% | 11.7% | 6.8% | – | 4.02% |
| AMEENJI | ₹264 cr | 41.6x | 6.1x | 14.6% | 34.6% | 15.7% | – | – |
| RISHIROOP | ₹112 cr | 5.1x | 0.8x | 8.0% | 10.3% | 12.0% | -6.7% | 1.23% |
| SAMPANN | ₹106 cr | 15.1x | 2.3x | 22.0% | 7.8% | 10.6% | +35.2% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| a) Reclaim Rubber | ₹499 cr | 85.8% | ₹55 cr | 11.0% |
| b) Others | ₹82 cr | 14.2% | ₹-2 cr | -2.6% |
| Less: Exceptional Items | ₹0 cr | – | ₹-1 cr | – |
| Less: Goods and Service Tax | ₹-46 cr | -7.9% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-16 | Dividend | Dividend - Rs 3.50 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 14.50 Per Share |
| 2024-12-06 | Other | Extra Ordinary General Meeting |
| 2024-08-12 | Bonus | Bonus 3:1 |
| 2024-07-26 | Dividend | Annual General Meeting/Dividend - Rs 37.50 Per Share |
| 2023-07-28 | Dividend | Annual General Meeting/Dividend - Rs 17 Per Share |
| 2022-08-11 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2021-08-04 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-08-03 | Other | Annual General Meeting |
| 2020-02-27 | Dividend | Interim Dividend - Rs 5.5 Per Share |
| 2019-08-14 | Dividend | Annual General Meeting/Dividend - Rs 8 Per Share |
| 2018-08-08 | Dividend | Annual General Meeting/Dividend - Rs 1.25 Per Share |
| 2017-08-02 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2016-09-12 | Dividend | Annual General Meeting And Dividend Rs.10/- Per Share |
| 2015-07-17 | Dividend | Annual General Meeting/ Dividend - Rs 11.25/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Rubber |
| Sub-industry | Rubber |
| Symbol | GRPLTD |
| BSE code | 509152 |
| ISIN | INE137I01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.