GRP Limited

BSE: GRPLTD509152ISIN INE137I01015

Industrials
Rubber
BSE Industrials

Share price

₹1,970.00-17.15 (-0.86%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

12 Aug 2024 · Bonus 3:1

52W high: ₹2,239.95
52W low: ₹1,500.00
Off 52W high: -12.05%
1M return: +5.35%
3M return: +0.46%
6M return: +5.07%
1Y return: -5.01%
20D avg volume: 1,150
50 DMA: ₹1,910.12
200 DMA: ₹1,854.95

Key ratios Consolidated

Market cap: ₹1,051 Cr
Current price: ₹1,970.00
52W high / low: ₹2,239.95 / ₹1,500.00
Face value: ₹10.00
P/E: 104.14
P/B: 5.54
EPS (TTM): ₹18.92
Book value / share: ₹355.78
ROE: —
ROCE: 8.10%
Operating margin: —
Net margin: —
Debt / equity: 1.16
Net debt: ₹205.92 Cr
Interest cover: 1.54
Dividend yield: 0.18%
Dividend / share (TTM): ₹3.50
Payout: 18.50%
Cash conversion cycle: 90.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	172.34	156.83	144.52	134.71	132.36	123.75	160.34	132.26	131.65	126.20	137.94	109.69
	0.37	0.46	0.50	0.48	0.78	0.93	0.25	0.40	0.24	0.47	0.17	0.48
	172.71	157.29	145.01	135.19	133.13	124.68	160.59	132.66	131.89	126.67	138.12	110.17
	163.85	148.88	144.56	132.71	129.81	121.46	134.91	126.62	127.99	119.36	120.36	104.46
	96.84	84.93	74.83	69.76	67.33	62.39	65.25	67.79	63.67	58.79	55.84	55.88
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	16.42	16.64	15.20	15.49	15.96	14.91	17.19	14.87	14.01	16.02	13.73	13.80
	4.16	3.96	4.00	3.86	3.54	3.39	3.25	2.94	2.18	2.10	1.69	1.91
	5.20	4.99	4.98	4.89	4.54	4.25	4.16	4.05	3.96	3.83	3.44	3.28
	44.44	41.97	41.99	39.87	40.65	36.68	43.29	42.51	42.95	37.75	42.36	36.48
	8.86	8.41	0.46	2.48	3.32	3.22	25.69	6.04	3.89	7.31	17.75	5.71
	0.00	0.00	0.00	-1.40	0.00	0.00	0.00	0.00	0.00	0.00	-2.40	0.00
	8.86	8.41	0.46	1.07	3.32	3.22	25.69	6.04	3.89	7.31	15.36	5.71
	2.48	4.21	1.79	0.22	1.36	1.47	6.24	1.66	1.39	2.95	3.68	1.40
	6.38	4.20	-1.34	0.85	1.96	1.75	19.45	4.38	2.51	4.37	11.67	4.31
	11.96	7.87	-2.51	1.60	3.67	3.28	36.46	8.22	4.70	32.75	87.54	32.34
Key metrics
	18.22	17.36	9.44	9.82	11.40	10.86	33.10	13.03	10.03	13.24	20.49	10.90
	10.60%	11.10%	6.50%	7.30%	8.60%	8.80%	20.60%	9.90%	7.60%	10.50%	14.90%	9.90%
	3.70%	2.70%	-0.90%	0.60%	1.50%	1.40%	12.10%	3.30%	1.90%	3.50%	8.50%	3.90%
	4.30%	—	1.60%	—	2.40%	—	11.70%	—	—	—	—	—
	30.20%	26.70%	-9.90%	1.90%	0.50%	-1.90%	16.20%	20.60%	—	—	—	—
	225.50%	140.00%	-106.90%	-80.60%	-21.90%	-60.00%	66.70%	1.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	608.40	535.33	550.45	461.38	451.00	388.42
	1.81	2.68	1.36	1.61	9.52	1.16
	610.20	538.01	551.81	462.99	460.52	389.58
	590.00	528.54	508.88	430.41	445.21	382.14
	326.36	274.31	255.50	214.04	205.81	191.40
	0.00	0.00	0.00	—	—	—
	63.75	61.56	62.08	54.44	53.20	58.25
	15.98	14.79	10.47	7.28	6.50	4.51
	20.06	18.66	16.02	12.47	12.51	12.40
	168.27	159.19	166.50	146.94	163.68	124.93
	20.21	9.47	42.94	32.58	15.30	7.44
	-1.40	-1.40	0.00	-2.40	0.00	0.00
	18.80	8.06	42.94	30.18	15.30	7.44
	8.70	4.84	12.23	7.54	1.36	1.68
	10.09	3.22	30.70	22.64	13.95	5.76
	18.92	6.04	57.57	169.78	104.61	43.20
Key metrics
	54.84	41.51	69.43	49.93	34.31	24.35
	9.01%	7.80%	12.60%	10.80%	7.60%	6.30%
	1.66%	0.60%	5.60%	4.90%	3.10%	1.50%
	—	8.10%	21.50%	—	—	—
	10.88%	-2.70%	19.30%	2.30%	16.10%	—
	-63.36%	-89.50%	35.60%	62.30%	142.20%	—
	—	-16.48	-21.31	—	—	—
	—	9.20	1.45	—	—	—
	—	1.16	0.76	—	—	—
	—	205.92	144.92	—	—	—
	—	90.3	83.3	—	—	—
Balance sheet
	—	461.79	411.98	—	—	—
	—	218.08	193.43	—	—	—
	—	0.47	1.25	—	—	—
	—	109.45	100.63	—	—	—
	—	51.84	53.44	—	—	—
	—	11.29	11.09	—	—	—
	—	225.23	181.06	—	—	—
	—	28.79	28.31	—	—	—
	—	179.17	163.95	—	—	—
	—	206.39	146.17	—	—	—
	—	120.10	108.58	—	—	—
	—	86.29	37.59	—	—	—
	—	178.37	191.64	—	—	—
Cash flow
	—	29.61	44.56	—	—	—
	—	-55.94	-61.25	—	—	—
	—	25.77	17.76	—	—	—
	—	46.09	65.87	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	167.00	155.65	142.93	133.31	130.60	119.22	155.65	128.68	127.33	122.61	138.72	109.67
	0.68	1.10	0.89	1.13	1.39	1.52	1.16	0.91	0.88	1.30	0.64	0.61
	167.67	156.75	143.82	134.44	131.99	120.75	156.80	129.59	128.21	123.92	139.37	110.27
	159.29	147.92	142.09	130.48	127.25	116.04	129.41	121.97	122.08	115.03	121.50	104.20
	95.03	85.60	74.41	69.11	66.15	59.42	61.85	65.05	60.19	55.72	57.03	56.33
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	15.77	16.11	14.49	14.93	15.38	14.32	16.61	14.27	13.33	15.57	13.52	13.61
	4.07	3.85	4.01	3.69	3.35	3.17	3.07	2.66	2.01	1.98	2.10	1.91
	4.90	4.75	4.73	4.65	4.26	3.98	3.88	3.78	3.70	3.57	3.27	3.16
	43.06	40.90	41.22	39.25	39.91	35.65	42.12	41.51	41.73	36.59	42.24	36.00
	8.39	8.83	1.73	3.96	4.74	4.71	27.39	7.62	6.13	8.89	17.86	6.07
	0.00	0.00	0.00	-1.40	0.00	0.00	0.00	—	—	—	-2.40	—
	8.39	8.83	1.73	2.56	4.74	4.71	27.39	7.62	6.13	8.89	15.47	6.07
	2.56	4.01	1.81	0.20	1.35	1.46	6.08	1.80	1.37	2.92	3.44	1.45
	5.82	4.82	-0.08	2.36	3.39	3.25	21.31	5.82	4.76	5.97	12.03	4.62
	10.92	9.04	-0.15	4.42	6.36	6.10	39.96	10.91	8.93	44.75	90.19	34.64
Key metrics
	17.36	17.43	10.47	10.90	12.35	11.86	34.34	14.06	11.84	14.44	20.84	11.14
	10.40%	11.20%	7.30%	8.20%	9.50%	9.90%	22.10%	10.90%	9.30%	11.80%	15.00%	10.20%
	3.50%	3.10%	-0.10%	1.80%	2.60%	2.70%	13.70%	4.50%	3.70%	4.90%	8.70%	4.20%
	4.00%	—	1.90%	—	2.80%	—	12.10%	—	—	—	—	—
	27.90%	30.60%	-8.20%	3.60%	2.60%	-2.80%	12.20%	17.30%	—	—	—	—
	71.70%	48.30%	-100.40%	-59.50%	-28.80%	-45.60%	77.10%	26.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	598.89	526.06	534.27	461.62	450.81	388.13
	3.80	4.94	4.25	2.34	5.31	1.14
	602.68	531.00	538.52	463.95	456.12	389.27
	579.78	515.86	488.49	430.42	444.55	381.82
	324.15	269.08	242.80	215.87	206.65	192.34
	0.00	0.00	0.00	—	—	—
	61.30	59.12	59.78	53.74	52.75	57.89
	15.62	14.23	9.73	7.66	6.46	4.49
	19.03	17.62	14.92	12.00	12.38	12.27
	164.43	156.02	161.95	145.88	162.70	124.19
	22.91	15.14	50.03	33.53	11.57	7.45
	-1.40	-1.40	0.00	-2.40	—	—
	21.51	13.74	50.03	31.14	11.57	7.45
	8.58	4.81	12.17	7.43	1.34	1.66
	12.92	8.93	37.86	23.71	10.23	5.79
	24.23	16.74	70.99	177.84	76.71	43.39
Key metrics
	56.16	45.59	74.68	50.80	30.41	24.21
	9.38%	8.70%	14.00%	11.00%	6.70%	6.20%
	2.16%	1.70%	7.10%	5.10%	2.30%	1.50%
	—	9.50%	23.70%	—	—	—
	12.12%	-1.50%	15.70%	2.40%	16.10%	—
	-61.74%	-76.40%	59.70%	131.80%	76.70%	—
	—	-16.48	-17.18	—	—	—
	—	3.26	1.26	—	—	—
	—	1.04	0.68	—	—	—
	—	199.45	135.48	—	—	—
	—	92.2	84.5	—	—	—
Balance sheet
	—	470.14	410.41	—	—	—
	—	225.08	197.03	—	—	—
	—	0.41	1.12	—	—	—
	—	114.54	102.32	—	—	—
	—	48.65	49.94	—	—	—
	—	8.90	8.59	—	—	—
	—	207.41	162.59	—	—	—
	—	30.39	28.56	—	—	—
	—	175.29	158.64	—	—	—
	—	199.86	136.60	—	—	—
	—	115.22	103.49	—	—	—
	—	84.64	33.11	—	—	—
	—	192.68	200.24	—	—	—
Cash flow
	—	29.08	47.89	—	—	—
	—	-58.98	-59.34	—	—	—
	—	29.19	12.51	—	—	—
	—	45.56	65.07	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +5.28%
Sales CAGR 5Y: —
Profit CAGR 3Y: -4.43%
Profit CAGR 5Y: —
Sales YoY (TTM): +12.12%
Profit YoY (TTM): -61.74%

Consolidated

Sales CAGR 3Y: +5.88%
Sales CAGR 5Y: —
Profit CAGR 3Y: -38.66%
Profit CAGR 5Y: —
Sales YoY (TTM): +10.88%
Profit YoY (TTM): -63.36%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 40.07%

Quarter	September 2026	June 2026
Promoter %	40.07%	40.07%

Holder	Type	Holding	Previous	Change
HARSH RAJENDRA GANDHI	Promoter Group	9.92%	9.92%	0.00%
MEERA PHILIP	Public	6.12%	6.12%	0.00%
RAJENDRA VADILAL GANDHI	Promoter	4.87%	4.87%	0.00%
KOUSHIK SEKHAR	Public	3.83%	3.91%	-0.08%
NAYNA RAJENDRA GANDHI	Promoter Group	3.15%	3.15%	0.00%
MAMTA RAJESH SALOT .	Promoter Group	3.00%	3.00%	0.00%
AMISHI RAKESH GANDHI .	Promoter Group	3.00%	3.00%	0.00%
MILONI SIDDHARTH PAREKH .	Promoter Group	3.00%	3.00%	0.00%
MITEN MEHTA	Public	2.78%	2.78%	0.00%
KHYATI S DESAI .	Promoter Group	2.77%	2.77%	0.00%
KAVITA PHILIP	Public	2.54%	2.54%	0.00%
HARISH VADILAL GANDHI	Promoter Group	2.45%	2.45%	0.00%
MEENAKSHI MERCANTILES LTD	Public	1.88%	2.12%	-0.24%
GRP Limited	Public	1.77%	1.77%	0.00%
VAISHALI RAJENDRA GANDHI	Promoter Group	1.57%	1.57%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Apcotex Industries Limited S	2,533	488.60	14.84	21.20%	+23.74% TTM	+134.66% TTM	+37.69%
Pix Transmissions Ltd.	2,363	1,734.50	17.93	19.60%	+4.81% TTM	+16.31% TTM	+19.21%
Tinna Rubber and Infrastructure Limited	1,497	831.00	22.36	23.10%	+21.39% TTM	+54.44% TTM	-12.42%
GRP Limited	1,051	1,970.00	104.14	8.10%	+10.88% TTM	-63.36% TTM	-5.01%
Harrisons Malayalam Ltd.	301	163.35	11.12	14.50%	+2.78% TTM	+2.42% TTM	-17.48%
Rubfila International Ltd.	301	55.53	11.71	10.90%	+4.59% TTM	-11.31% TTM	-29.68%
AMEENJI RUBBER LIMITED	266	236.10	—	18.80%	—	—	+60.50%
HORIZON RECLAIM (INDIA) LIMITED	228	116.70	—	—	—	—	—
Sampann Utpadan India Limited	115	23.61	17.23	8.40%	+44.27% TTM	-4.63% TTM	-41.83%
Rishiroop Limited S	115	125.25	10.71	6.20%	+6.68% TTM	-3.86% TTM	+2.66%
Defrail Technologies Limited	49	69.99	—	21.30%	—	—	—

Filings & corporate actions

Recent announcements

As per Regulation 30 of the SEBI (LODR) Regulations, 2015 - submission of Audio recording link of Earnings Call held on 30th October 2026.30 Oct 2026 · Company Update / Analyst / Investor Meet
Submission of Newspaper Publication of the Unaudited Financial Results for the quarter and half year ended 30th September 2026.29 Oct 2026 · Company Update / Newspaper Publication
Submission of Investors Presentation on the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026.28 Oct 2026 · Company Update / Investor Presentation
Submission of Financial Results for the quarter and half year ended 30th September 202628 Oct 2026 · Result / Financial Results
Outcome of Board meeting dated held on Wednesday, 28th October 2026 to inter alia, consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the ....28 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Updated Virtual Link for Earnings Call - Q2 & H1 FY 2026-27.26 Oct 2026 · Company Update / Analyst / Investor Meet
Earning call invite for investors for discussion of financial results of Q2 and H1 FY27, with call link.26 Oct 2026 · Company Update / Analyst / Investor Meet
GRP Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve the unaudited financial results (Standalone ....23 Oct 2026 · Board Meeting / Board Meeting
Intimation Under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements, 2015- Commencement of Commercial Solar Power Generation at Company''s ....20 Oct 2026 · Company Update / General
Submission of Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the Second Quarter and Half year ended 30th September, 2026.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Company on August 10, 2026, has subscribed to and has been allotted 2,60,48,649 fully paid-up equity shares of face value of Rs. 1 each of BECIS Solar 5 Private Limited ("Target Company") ....12 Aug 2026 · Company Update / Acquisition
Submission of Transcript of Earning call held on Monday, 27th July 2026 to discuss the Company''s Operational and Financial performance for the quarter ended June 30, 2026.30 Jul 2026 · Company Update / Earnings Call Transcript
Submission of Transcript of Earning call held on Monday, 27th July 2026 to discuss the Company''s Operational and Financial performance for the quarter ended June 30, 2026.30 Jul 2026 · Company Update / Earnings Call Transcript
As per Regulation 30 of the SEBI (LODR) Regulations, 2015 - submission of Audio recording link of Earnings Call held on 27th July 2026.27 Jul 2026 · Company Update / Analyst / Investor Meet
Submission of Newspaper Publication of the Unaudited Financial Results for the quarter ended June 30, 2026.25 Jul 2026 · Company Update / Newspaper Publication
Submission of Investors Presentation on the Unaudited financial results of the Company for the quarter ended 30th June, 2026.24 Jul 2026 · Company Update / Investor Presentation
Submission of Investors Presentation on the Unaudited financial results of the Company for the quarter ended 30th June, 2026.24 Jul 2026 · Company Update / Investor Presentation
Approval of Unaudited Standalone and Consolidated Financial Results for the Quarter Ended June 30, 2026.23 Jul 2026 · Result / Financial Results
Outcome of Board meeting dated held on Thursday, 23rd July, 2026 to inter alia, consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ....23 Jul 2026 · Board Meeting / Outcome of Board Meeting
Proceedings of the 52nd Annual General Meeting of members of the Company held on 23rd July , 2026.23 Jul 2026 · AGM/EGM / AGM
Earning call invite for investors for discussion of financial results of Q1 FY27, with call link.20 Jul 2026 · Company Update / Analyst / Investor Meet
GRP Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/07/2026 ,inter alia, to consider and approve to consider and approve the unaudited financial ....17 Jul 2026 · Board Meeting / Board Meeting
Please find attached Corrigendum to the Annual Report for Financial Year 2025-26.16 Jul 2026 · AGM/EGM / AGM
Intimation of Record Date under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.15 Jul 2026 · Corp. Action / Record Date
Submission of copy of Newspaper Publication with respect to Notice for Transfer of shares to Investor Education and Protection Fund.9 Jul 2026 · Company Update / Newspaper Publication
Submission of Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30th June, 2026.3 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Copy of Newspaper Publication for the Notice of Annual General Meeting of the Company scheduled to be held on Thursday 23rd July, 2026 at 12:30 P.M. (IST) through video conference ("VC")/other ....3 Jul 2026 · Company Update / Newspaper Publication
Appointment of Company Secretary and Compliance Officer2 Jul 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Reg. 34(1) Annual Report30 Jun 2026 · Others / Reg. 34 (1) Annual Report
Notice of 52nd Annual General Meeting30 Jun 2026 · AGM/EGM / AGM
Closure of Trading Window30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Outcome of Board meeting17 Jun 2026 · Others / Outcome without intimation
360 One Capital Investor Group meet - 28.05.2026, 10 am onwards22 May 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 (LODR) - Earnings Call Transcript - Earning call dt.18.05.202622 May 2026 · Company Update / Earnings Call Transcript
Audio link for Analyst/Investor meet over call18 May 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 (LODR) -Newspaper Publication18 May 2026 · Company Update / Newspaper Publication
Investor presentation for the financial results for the financial year ended 31st March, 202615 May 2026 · Company Update / Investor Presentation
Outcome of Board meeting dt.15.05.2026-approval of financial results for the financial year ended 31st March, 2026 and declaration of dividend15 May 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Board meeting dt.15.05.2026-approval of financial results for the financial year ended 31st March, 2026 and declaration of dividend15 May 2026 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 3.5000	16 Jul 2026	16 Jul 2026	—
Final Dividend - Rs. - 14.5000	18 Jul 2025	18 Jul 2025	—
E.G.M.	6 Dec 2024	—	—
Bonus issue 3:1	12 Aug 2024	12 Aug 2024	—
Dividend - Rs. - 37.5000	26 Jul 2024	—	—

Board meetings

28 Oct 2026 Board Meeting - Financial Results
23 Jul 2026 Board Meeting - Financial Results