Is GRP Ltd (GRPLTD) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that GRP Ltd is a below average quality company .

Is GRP Ltd (GRPLTD) undervalued or overvalued?

The key valuation ratios of GRP Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is GRP Ltd (GRPLTD) share price return in the past 10 years?

GRP Ltd share price has appreciated 22.5% annually (CAGR) over the past ten years.

Is GRP Ltd (GRPLTD) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of GRP Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of GRP Ltd (GRPLTD)?

Company share prices are keep on changing according to the market conditions. The current trading price of GRP Ltd (GRPLTD) on 17-Apr-2026 16:59:59 at 16:59 is 1968.40.

What is the market cap of GRP Ltd (GRPLTD)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Apr-2026 at 16:59, the market cap of GRP stood at Rs. 1049.81 Cr.

What is the P/E ratio of GRP?

The latest standalone P/E ratio of GRP as of 17-Apr-2026 is 34.63.

What is the P/B ratio of GRP Ltd (GRPLTD)?

The latest standalone P/B ratio of GRP Ltd (GRPLTD) as of 17-Apr-2026 is 5.38.

What is the 52-week high and low of GRP Ltd (GRPLTD)?

The 52-week high of GRP Ltd (GRPLTD) is Rs. 3164.35 and the 52-week low is Rs. 1500.00.

What is the TTM revenue of GRP Ltd (GRPLTD)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GRP is Rs. 538.78 (Cr.).

GRP Ltd (GRPLTD) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: GRP Ltd (GRPLTD)
Brand: GRP

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	8.2%	8.3%	3.6%	6.8%	2.8%	2.9%	5.4%	7.7%	15.2%	19.5%	-
Value Creation Index ⓘ	-0.4	-0.4	-0.7	-0.5	-0.8	-0.8	-0.6	-0.5	0.1	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	315	303	299	357	349	280	388	451	462	534	539
Sales YoY Gr.	-	-3.7%	-1.2%	19.2%	-2.3%	-19.8%	38.9%	16.2%	2.4%	15.7%	-
Adj EPS ⓘ	15.8	13.4	2.5	6.9	-3.1	-2.8	2.1	13.4	42.7	67.3	56.8
YoY Gr.	-	-15.1%	-81.2%	172.3%	-144.4%	NA	NA	548.8%	218.2%	57.6%	-
BVPS (₹) ⓘ	222.9	239.5	238.1	250.9	246.1	254.2	263	277.1	315.4	374.6	365.8
Adj Net Profit ⓘ	8.4	7.2	1.4	3.7	-1.6	-1.5	1.1	7.2	22.8	35.9	30
Cash Flow from Ops. ⓘ	17.7	21.9	23.1	8.7	7.5	24.8	1.8	25.9	28.7	47.9	-
Debt/CF from Ops. ⓘ	3.8	3	2.4	7.4	11.3	2.9	54.3	3.3	3.8	2.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.1%	8.9%	11.2%	15.7%
Adj EPS ⓘ	17.5%	NA	219.2%	57.6%
BVPSⓘ	5.9%	8.8%	12.5%	18.8%
Share Price	22.5%	56.4%	42%	-33.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	7.3	5.8	1.1	2.8	-1.2	-1.1	0.8	5	14.4	19.5	15.4
Op. Profit Mgn % ⓘ	9.3	8.8	6.2	5.9	3.5	4.8	4.2	4.7	10.1	12.6	12.2
Net Profit Mgn % ⓘ	2.7	2.4	0.5	1	-0.5	-0.5	0.3	1.6	4.9	6.7	5.6
Debt to Equity ⓘ	0.6	0.5	0.4	0.5	0.7	0.5	0.7	0.6	0.7	0.7	-
Working Cap Days ⓘ	164	155	139	110	127	157	125	121	129	128	67
Cash Conv. Cycle ⓘ	70	80	80	69	80	106	88	79	82	77	16

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.40%

Sales growth is growing at healthy rate in last 3 years 11.24%

Net Profit is growing at healthy rate in last 3 years 219.21%

Debt to equity has declined versus last 3 years average to 0.68

Sales growth is not so good in last 4 quarters at 3.90%

	Standalone	Consolidated
TTM EPS (₹)	56.8	45
TTM Sales (₹ Cr.)	539	551
BVPS (₹) ⓘ	365.8	341.3
Reserves (₹ Cr.) ⓘ	190	177
P/BV ⓘ	5.38	5.77
PE ⓘ	34.63	43.73

From the Market
52 Week Low / High (₹)	1500.00 / 3164.35
All Time Low / High (₹)	3.70 / 4840.00
Market Cap (₹ Cr.)	1,050
Equity (₹ Cr.)	5.3
Face Value (₹)	10
Industry PE ⓘ	23.5

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	315	303	299	357	349	280	388	451	462	534
Operating Expenses ⓘ +	286	277	281	336	337	266	373	430	415	468
Manufacturing Costs	58	59	61	71	68	54	80	93	104	112
Material Costs	149	139	138	172	172	136	183	210	211	242
Employee Cost	49	53	52	58	60	48	47	53	54	60
Other Costs ⓘ	30	26	30	35	36	28	62	73	47	54
Operating Profit ⓘ	29	27	18	21	12	13	15	21	46	66
Operating Profit Margin (%)	9.1%	8.8%	6.1%	5.9%	3.5%	4.8%	4.0%	4.7%	10.0%	12.4%
Other Income ⓘ +	0	3	2	5	7	5	9	9	7	8
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	-2	0
Interest ⓘ	4	4	4	5	8	5	4	6	8	10
Depreciation ⓘ	14	14	13	13	13	13	12	12	12	15
Profit Before Tax ⓘ	11	12	2	8	-2	1	7	12	31	50
Tax ⓘ	3	4	1	2	-5	-1	2	1	7	12
Profit After Tax	8	8	1	6	3	2	6	10	24	38
PAT Margin (%)	2.6%	2.8%	0.3%	1.8%	0.9%	0.6%	1.5%	2.3%	5.1%	7.1%
Adjusted EPS (₹)	15.0	15.7	1.8	12.0	5.6	3.1	10.9	19.2	44.5	71.0
Dividend Payout Ratio (%)	17%	16%	17%	17%	24%	20%	21%	22%	21%	20%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	119	128	127	134	131	136	140	148	168	200
Share Capital ⓘ	1	1	1	1	1	1	1	1	1	5
Reserves ⓘ	118	126	126	132	130	134	139	146	167	194
Debt +	56	61	50	62	81	67	93	76	99	127
Long Term Debt	9	11	5	3	11	16	30	22	20	33
Short Term Debt	46	50	45	59	69	52	63	54	79	94
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	18	21	15	22	25	17	26	16	25	29
Others Liabilities ⓘ	77	59	41	36	37	33	44	47	55	62
Total Liabilities ⓘ	270	268	234	253	273	253	304	286	347	418
Fixed Assets
Net Fixed Assets ⓘ +	130	131	121	118	119	107	119	100	146	163
Gross Block	216	230	233	240	254	250	271	246	303	328
Accumulated Depreciation	85	99	111	122	135	143	152	145	156	165
CWIP ⓘ	2	2	2	1	2	2	0	5	1	27
Investments ⓘ	1	1	1	8	8	8	23	21	7	9
Inventories	33	45	33	34	46	43	53	46	48	50
Trade Receivables	54	48	51	65	65	63	86	71	106	102
Cash Equivalents	2	1	1	5	8	14	0	1	0	1
Others Assets ⓘ	47	40	23	22	25	15	23	42	38	66
Total Assets ⓘ	270	268	234	253	273	253	304	286	347	418

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	18	22	23	9	8	25	2	26	29	48
PBT ⓘ	11	12	2	8	-2	1	7	12	34	50
Adjustment ⓘ	18	17	17	16	23	18	17	17	18	24
Changes in Working Capital ⓘ	-7	-4	4	-13	-12	6	-20	1	-18	-18
Tax Paid ⓘ	-3	-3	-0	-3	-1	-0	-2	-4	-5	-8
Cash Flow From Investing Activity ⓘ +	-12	-17	-7	-10	-12	1	-38	-3	-44	-59
Capex	-11	-14	-7	-9	-12	-0	-24	-5	-53	-62
Net Investments	-0	-1	-0	-7	-0	0	-15	4	14	-0
Others ⓘ	-1	-2	-0	6	0	1	0	-1	-5	3
Cash Flow From Financing Activity ⓘ +	-5	-7	-15	4	8	-20	23	-23	15	13
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	-2	13
Interest Paid ⓘ	-4	-3	-4	-5	-8	-5	-4	-6	-7	-9
Dividend Paid ⓘ	-2	-2	-2	-0	-2	0	-0	-1	-2	-5
Others ⓘ	0	-2	-9	9	18	-15	28	-15	26	14
Net Cash Flow ⓘ	0	-2	1	3	4	5	-13	0	-0	1

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	6.93	6.79	0.77	4.89	2.26	1.23	4.19	7.1	15.01	20.58
ROCE (%)	8.21	8.33	3.59	6.77	2.84	2.85	5.35	7.65	15.23	19.47
Asset Turnover Ratio	1.15	1.17	1.25	1.55	1.39	1.13	1.48	1.63	1.56	1.49
PAT to CFO Conversion(x)	2.25	2.75	23	1.5	2.67	12.5	0.33	2.6	1.21	1.26
Working Capital Days
Receivable Days	59	60	58	57	65	79	66	60	65	67
Inventory Days	35	45	46	33	40	55	43	38	34	31
Payable Days	47	52	48	40	49	56	43	37	36	41

About GRP Ltd

Established in 1974, Gujarat Reclaim & Rubber Products Ltd. (GRRP) began producing with a modest capacity of only 2400 MT.From then on, there was no looking back. GRRPL grew manifold and widened its geographical presence in India and abroad. It was conferred the 'Export House' status by the Government of India for its steady export, growth and performance.

GRRPL produces reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, moulded rubber products for different applications in both, tyre and non tyre rubber products.

Through steady growth and a strong vision, GRRP has emerged as the largest manufacturer of reclaim rubber in the country and among the largest globally.

GRRP has achieved a strong export growth in the last decade and spread itself to over 35 countries across the globe. GRRP is striving to expand its global base by reaching out to countries and applications not explored in the past.

Product range of the company includes:

BT 999 Butyl Reclaim
BTA 777 Butyl Reclaim
BTI 888 Butyl Reclaim
T 1010 Tube Reclaim
CHT 100 Latex Reclaim
EP 101 EPDM Reclaim
777 E Nitrile Polycoat
FKM 100 Reprocessed Fluroelastomer (FKM)
FKM 101 Reprocessed Fluroelastomer (FKM)
HT 555 High Tensile Whole Tyre Reclaim

Milestones:

1978 Production commences at Ankleshwar
1984 First export order 4800
1986 Solapur plant setup 7200
1989 Joint venture in Malaysia
1991 Exports grow to 5 countries, commenced production of Butyl Reclaim
1993 Commenced manufacture of surface treated crumb from tyre crumb & NBR crumb
1997 Commenced production of products split and punched from waste tyres
1999 Exports cross 10 countries, commenced production of EPDM reclaim
2003 Exports cross 25 countries
2004 Government of India confers 'Export House' status, company receives single ISO 9001 certification for both plants
2005 Implemented SAP for streamlining processes, exports cross 31 countries
2006 3rd Reclaim plant setup at Panoli, company receives ISO 14001 certification
2007 A dedicated plant for fine crumbs set up, exports cross 35 countries

Achievements/ recognition:

Largest manufacturer and exporter of reclaimed rubber in India.
Successfully offered technical collaboration (a plant in Malaysia) for supply of machinery and technical know how to manufacture reclaimed rubber.
First to introduce a surface treated crumb rubber manufacturing facility in India capable of manufacturing crumbs from various types of natural rubber based and synthetic rubber based products.
Punch and split products from used tyres were manufactured for the first time in India by GRRP.
First to design and commission an air pollution control system.
GRRP has in its portfolio the most number of grades of reclaim from synthetic rubbers such as Butyl, EPDM.
GRRP has been an uninterrupted dividend paying company.
Use of a gas based captive power plant at Ankleshwar & Panoli for continuous power supply, ensuring a clean environment. The company has also utilized waste heat from the process to use back in its processes.
GRRP has implemented a SAP ERP to streamline its business processes, moving it from a people driven to a systems driven company.
GRRP has been conferred a Star Export House status by the Government of India.

Certification

Solapur plant receives ISO 9001 certification.
Ankleshwar plant receives ISO 9002 certification.

Awards From

Compuworld
AIRIA
CAPEXIL

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GRP Ltd (GRPLTD) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

GRP Share Price

GRP Ltd (GRPLTD)

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Overall Rating ⓘ

1. Quality

2. Valuation

3. Price Trend

GRP stock performance

Is GRP Ltd an attractive stock to invest in?

1. Is GRP Ltd a good quality company?

2. Is GRP Ltd undervalued or overvalued?

3. Is GRP Ltd a good buy now?

10 Year X-Ray :

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Valuation of GRP - Standalone Basis

Price Calculator

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Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Event Update

Analyst's Notes

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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