Skip to main content
Swing Capital

GRP Ltd

NSE: GRPLTD BSE: 509152

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]

₹1,610
52W: ₹1500 — ₹3164
PE 87.3 · Book ₹361 · +346% vs book
Market Cap₹859 Cr
Stock P/E87.3Price to Earnings
ROCE8.03%Return on Capital
ROE5.01%Return on Equity
Div. Yield0.9%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 20.8%

Weaknesses

  • −Stock is trading at 4.45 times its book value
  • −Company has a low return on equity of 13.7% over last 3 years.

Shareholding Pattern

Promoters40.06%
FIIs0.05%
DIIs0%
Public59.9%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters40.3%40.29%▼0.040.18%▼0.140.06%▼0.140.06%40.06%40.06%40.06%
FIIs0%0.05%▲0.10.01%▼0.00.05%▲0.00.03%▼0.00.02%▼0.00.02%0.05%▲0.0
DIIs0%0%0.38%▲0.40.38%0.38%0%▼0.40%0%
Public59.69%59.66%▼0.059.44%▼0.259.53%▲0.159.53%59.93%▲0.459.93%59.9%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales109.67138.72122.62127.33128.68155.65119.22130.6133.31142.93
Expenses99.14116.12109.49116.37115.53122.47108.88119.64122.14133.34
Operating Profit10.5322.613.1310.9613.1533.1810.3410.9611.179.59
OPM %9.6%16.29%10.71%8.61%10.22%21.32%8.67%8.39%8.38%6.71%
Net Profit4.6212.035.974.765.8221.313.253.392.36-0.08
EPS ₹8.7222.711.268.9310.9139.966.096.364.43-0.15

AI Insights

Revenue Trend

Mar 2026 revenue at ₹526Cr, down 1.5% YoY. OPM at 8%.

Debt Position

Borrowings at ₹201Cr. Debt-to-equity ratio: 1.07x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹6Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.05% (+0.05pp change). Promoters hold 40.06%.

Margin & Efficiency

ROCE improving from 8% (Mar 2015) to 8% (Mar 2026). Working capital days: 34.

Valuation

PE 87.3x with 8.03% ROCE. Price is 346% above book value of ₹361. Dividend yield: 0.9%.

Recent Announcements