MarketFriction

GRP Ltd

NSE GRPLTD · BSE 509152 · Rubber
₹1,895.00 -0.19%
NSE close2026-10-01
52 week range1,500.00 - 2,300.10
Market cap₹1,019 Cr.
P/E149
Price band 20% Delivery 62.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales114.41109.69137.94126.20131.65132.26160.34123.75132.36134.71144.52156.83
Expenses103.3399.27115.22113.42121.85119.62127.49113.82121.74123.97135.59139.93
Operating Profit11.0810.4222.7212.789.8012.6432.859.9310.6210.748.9316.90
OPM %9.68%9.50%16.47%10.13%7.44%9.56%20.49%8.02%8.02%7.97%6.18%10.78%
Other Income0.430.48-2.230.470.240.400.250.930.78-0.920.500.46
Interest1.881.911.692.102.182.943.253.393.543.864.003.96
Depreciation2.983.283.443.833.974.054.164.254.544.894.984.99
Profit before tax6.655.7115.367.323.896.0525.693.223.321.070.458.41
Tax %29.32%24.52%23.96%40.30%35.48%27.44%24.29%45.65%40.96%20.56%400.00%50.06%
Net Profit4.694.3111.674.372.514.3819.451.751.960.85-1.344.20
EPS in Rs8.858.1322.028.254.718.2136.473.283.681.59-2.517.88
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales315304300357349280388451461550535568
Expenses286278281332330263364426411482494521
Operating Profit292618251917242551694147
OPM %9%9%6%7%5%6%6%6%11%13%8%8%
Other Income-031012010-1101
Interest444585567101515
Depreciation141414131413121312161919
Profit before tax101117-217153043813
Tax %24%35%197%26%-232%-127%23%9%25%28%60%
Net Profit87-1532614233136
EPS in Rs14.9213.00-1.4210.065.603.1510.8726.3242.7257.566.0410.64
Dividend Payout %17%19%-22%20%25%20%21%16%22%25%58%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%14%6%4%
Compounded Profit Growth-6%45%-30%-76%
Stock Price CAGR18%52%24%-12%
Return on Equity7%10%12%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111155
Reserves111118125123128126130135146165186173
Borrowings6768675765867210189113147208
Other Liabilities535051485256445950637476
Total Liabilities233237244230247269248296287342412462
Fixed Assets130132134126122122110122103160182227
CWIP62221220111276
Investments111111015162214
Other Assets97102107100123144135158156180201216
Total Assets233237244230247269248296287342412462
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity321821228725225274530
Cash from Investing Activity-8-13-16-7-9-111-38-5-42-61-56
Cash from Financing Activity-24-5-6-1548-2023-19151826
Net Cash Flow-10-21345-130-01-1
Free Cash Flow235515-0-425-2213-30-18-16
CFO/OP150%72%90%122%45%43%148%16%116%63%76%96%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days546358636768838157846775
Inventory Days6282121917410011710781867769
Days Payable424642424650435027424138
Cash Conversion Cycle749913711295118158138111127103105
Working Capital Days31022222221463837271817
ROCE %8%8%8%3%6%3%2%6%9%15%18%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters40.41%40.36%40.36%40.30%40.29%40.18%40.06%40.06%40.06%40.06%40.06%40.05%
FIIs0.00%0.00%0.00%0.00%0.05%0.01%0.05%0.03%0.02%0.02%0.05%0.02%
DIIs0.00%0.00%0.00%0.00%0.00%0.38%0.38%0.38%0.00%0.00%0.00%0.00%
Public59.58%59.64%59.64%59.69%59.66%59.44%59.53%59.53%59.93%59.93%59.90%59.93%
No. of Shareholders2,9972,9453,1513,8949,0978,4948,2378,3578,7958,5588,0467,932

Fundamentals

Market Cap₹ 1,019 Cr.
Current Price₹ 1,899
Stock P/E149
Book Value₹ 334
ROCE6.94 %
ROE2.48 %
Dividend Yield0.18 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-76%
Consolidated figures.
Valuation
Market capRs 1,011 Cr
Enterprise valueRs 1,218 Cr
P/E (TTM)178.25x
Price to book5.67x
Price to sales1.78x
EV / EBITDA25.36x
EV / EBIT42.56x
EV / sales2.14x
Price to cash flow34.13x
Earnings yield0.56%
Dividend yield0.18%
P/E, 3-year average122.90x
P/B, 3-year average4.90x
P/E, 5-year average76.63x
P/B, 5-year average3.13x
Profitability
Operating margin (excl. other income)7.68%
Operating margin (incl. other income)7.75%
EBITDA margin8.45%
Pre-tax margin2.33%
Net profit margin1.00%
Net margin, latest quarter2.68%
ROE1.74%
ROCE6.31%
ROA0.74%
ROE, 3-year average11.10%
ROCE, 3-year average12.70%
ROA, 3-year average5.36%
ROE, 5-year average9.49%
ROCE, 5-year average10.55%
ROA, 5-year average4.60%
ROIC (approx.)2.97%
Tax rate60.05%
Other income / net worth0.23%
Growth
Sales growth (latest year)-2.75%
Profit growth (latest year)-89.51%
Sales CAGR, 3 years5.88%
Sales CAGR, 5 years13.86%
Profit CAGR, 3 years-38.66%
Profit CAGR, 5 years14.03%
Sales growth QoQ8.52%
Sales growth YoY (latest quarter)26.73%
Profit growth YoY (latest quarter)140.00%
Per share
EPS (TTM)Rs 10.63
EPS (latest year)Rs 6.04
EPS (latest quarter)Rs 7.88
EPS, 3-year averageRs 77.80
EPS, 5-year averageRs 76.25
Book value per shareRs 334.43
Sales per shareRs 1,065.79
Cash flow per shareRs 55.52
Free cash flow per shareRs -30.00
Dividend per share (latest year)Rs 3.51
Dividend per share, 3-year averageRs 18.48
Dividend per share, 5-year averageRs 16.27
Dividends
Dividend payout58.07%
Dividend payout, 3-year average35.10%
Dividend payout, 5-year average28.47%
Efficiency
Asset turnover1.16x
Fixed asset turnover2.36x
Inventory turnover7.36x
Inventory days50 days
Debtor days75 days
Debtors turnover4.89x
Creditor days38 days
Cash conversion cycle105 days
Working capital days17 days
Leverage
Total debtRs 208 Cr
Cash and bankRs 1 Cr
Net debtRs 207 Cr
Debt to equity1.16x
Net debt / EBITDA4.31x
Interest coverage1.86x
Current ratio (filing 2026-03-31)1.22x
Quick ratio (filing 2026-03-31)0.93x
Trade payables (filing 2026-03-31)Rs 29 Cr
Owners' fund to total sources38.62%
Debt to assets44.93%
Cash flow
Cash from Operating Activity (latest year)Rs 30 Cr
Cash from Investing Activity (latest year)Rs -56 Cr
Cash from Financing Activity (latest year)Rs 26 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -16 Cr
FCFE (approx.: FCF + change in debt)Rs 45 Cr
Cash from ops / profit, 5 years1.68x
Sales to cash flow18.08x
Statement figures
Net sales (TTM)Rs 568 Cr
Net sales (latest year)Rs 535 Cr
Sales (latest quarter)Rs 157 Cr
Operating profit excl. other income (latest year)Rs 41 Cr
Operating profit (latest quarter)Rs 17 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 48 Cr
PBDT (TTM)Rs 33 Cr
Profit before tax (TTM)Rs 13 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 382 Cr
Total expenditure (latest year)Rs 494 Cr
Total income (latest year)Rs 536 Cr
Share capitalRs 5 Cr
ReservesRs 173 Cr
Shareholders' fundsRs 178 Cr
Total assetsRs 462 Cr
Net blockRs 227 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 14 Cr
ReceivablesRs 109 Cr
InventoryRs 52 Cr
Other liabilitiesRs 76 Cr
Shares outstanding (crore)0.53
Ownership
Promoter holding40.05% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 178.2 is at the 94th percentile of its own 8.4-year range (median 41.1, low 15.1, high 347.5).
P/B 5.67 is at the 79th percentile (median 1.46).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGRPLTDNifty 50Difference
1 week-4.7%-2.8% -1.9 pts
1 month-6.4%-6.8% +0.3 pts
3 months+3.1%-7.6% +10.7 pts
6 months+1.1%+0.4% +0.7 pts
1 year-14.2%-9.9% -4.3 pts
2 years-38.1%-13.6% -24.5 pts
3 years+91.9%+14.2% +77.7 pts
5 years+726.4%+27.9% +698.5 pts

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 41% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹157 Cr +26.7% vs Jun 2025. Net profit ₹4 Cr +140.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-16Dividend - Rs 3.50 Per Share
2025-07-18Dividend - Rs 14.50 Per Share
2024-12-06Extra Ordinary General Meeting
2024-08-12Bonus 3:10.2500
2024-07-26Annual General Meeting/Dividend - Rs 37.50 Per Share
2023-07-28Annual General Meeting/Dividend - Rs 17 Per Share
2022-08-11Annual General Meeting/Dividend - Rs 9 Per Share
2021-08-04 Annual General Meeting/Dividend - Rs 2.50 Per Share
2020-08-03 Annual General Meeting
2020-02-27 Interim Dividend - Rs 5.5 Per Share
2019-08-14 Annual General Meeting/Dividend - Rs 8 Per Share
2018-08-08 Annual General Meeting/Dividend - Rs 1.25 Per Share
2017-08-02 Annual General Meeting/Dividend - Rs 10 Per Share
2016-09-12 Annual General Meeting And Dividend Rs.10/- Per Share
2015-07-17Annual General Meeting/ Dividend - Rs 11.25/- Per Share
DateTypeWhat it says
2026-08-12AcquisitionCompletion of Acquisition
2026-07-30Concall / analyst meetTranscript
2026-07-27Concall / analyst meetLink of Recording
2026-07-24Investor PresentationInvestor Presentation
2026-07-23Board meeting outcomeGRP Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Shareholder meetingProceedings of Annual General Meeting held on July 23, 2026
2026-07-20Concall / analyst meetSchedule of meet
2026-07-16CorrigendumCorrigendum to the Annual Report of the Company for Financial Year 2025-26.
2026-07-15Record DateRecord date for the purpose of Dividend is 16-Jul-2026.
2026-07-02AppointmentAppointment of Ms Sonal Jaju as Company Secretary & Compliance Officer of the company w.e.f. July 02, 2026.
2026-06-30Shareholder meetingNotice of Annual General Meeting to be held on July 23, 2026
2026-06-17Board meeting outcomeOutcome of Board Meeting held on Jun 17, 2026.
2026-05-22Concall / analyst meetSchedule of meet
2026-05-22Concall / analyst meetTranscript
2026-05-19Disclosure under SEBI TakeovRajendra V. Gandhi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-05-18Concall / analyst meetLink of Recording
2026-05-18Press ReleaseA press release dated May 17, 2026, titled "Copy of Newspaper publication".
2026-05-16Investor PresentationInvestor Presentation
2026-05-15Board meeting outcomeGRP Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-15DividendBoard of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 3.50 per equity share.
2026-05-14Concall / analyst meetSchedule of meet
2026-05-12Concall / analyst meetSchedule of meet
2026-04-07ResignationResignation of Mrs Jyoti Sancheti as Company Secretary & Compliance Officer of the company w.e.f. April 07, 2026.
2026-03-27RetirementRetirement
2026-02-20Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of GRP Ltd?

GRP Ltd (GRPLTD) has a market capitalisation of Rs 1,019 Cr. at the 2026-10-01 close.

What is the P/E ratio of GRP Ltd?

GRP Ltd trades at a P/E of 149 on trailing twelve-month profit, at the 2026-10-01 close.

What were GRP Ltd's latest quarterly results?

In the Jun 2026 quarter, GRP Ltd sales was Rs 157 Cr (+26.7% vs Jun 2025) and net profit was Rs 4 Cr.

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

The 52-week high is Rs 2,300.10 and the 52-week low is Rs 1,500.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03