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GRP Ltd
(GRPLTD)
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Rating:45Neutral
Price Target:
₹1,687.00
▼(-15.93% Downside)
Action:Upgraded
Date:08/22/26
The score is held down primarily by weak financial performance—especially persistent negative free cash flow and a sharp FY2026 margin/ROE deterioration alongside rising leverage. Technicals are moderately supportive with the stock trading above major moving averages and neutral momentum readings, but valuation is a major headwind due to the extremely high P/E.
Positive Factors
Long-term Revenue Expansion
Material revenue growth since FY2021 indicates the company has expanded its business scale over time. Although FY2026 revenue declined modestly, the broader growth record provides a foundation for recovery if profitability and operating execution improve.
Negative Factors
Severe Margin Compression
The sharp decline in gross, EBIT, and net margins signals materially weaker earnings quality and reduced operating resilience. Sustained margin compression would limit internal investment capacity, weaken returns, and make future earnings more sensitive to revenue or cost changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term Revenue Expansion
Material revenue growth since FY2021 indicates the company has expanded its business scale over time. Although FY2026 revenue declined modestly, the broader growth record provides a foundation for recovery if profitability and operating execution improve.
Read all positive factors
GRP Ltd (GRPLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.60B
Dividend Yield0.2%
Average Volume (3M)1.97K
Price to Earnings (P/E)94.6
Beta (1Y)0.71
Revenue Growth10.88%
EPS Growth-63.36%
CountryIN
Employees909
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Miscellaneous
Share Statistics
EPS (TTM)6.04
Shares Outstanding5,333,332
10 Day Avg. Volume1,074
30 Day Avg. Volume1,973
Financial Highlights & Ratios
PEG Ratio-3.47
Price to Book (P/B)5.60
Price to Sales (P/S)1.87
P/FCF Ratio-33.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)85
Revenue Forecast (FY)₹8.00B
GRP Ltd Business Overview & Revenue Model
Company Description
GRP Limited, an enterprise established in 1974 and based in Mumbai, India (formerly Gujarat Reclaim and Rubber Products Limited until its renaming in June 2012), specializes in the production and global distribution of reclaimed rubber products. T...
How the Company Makes Money
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GRP Ltd Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.35B | 5.50B | 4.57B | 4.45B | 3.83B |
| Gross Profit | 1.81B | 2.97B | 779.49M | 1.43B | 1.22B |
| EBITDA | 402.33M | 680.66M | 499.33M | 343.06M | 243.32M |
| Net Income | 32.20M | 307.01M | 226.37M | 139.48M | 57.60M |
Balance Sheet | |||||
| Total Assets | 4.62B | 4.12B | 3.42B | 2.87B | 2.96B |
| Cash, Cash Equivalents and Short-Term Investments | 140.74M | 29.39M | 17.97M | 162.93M | 154.39M |
| Total Debt | 2.08B | 1.47B | 1.13B | 891.49M | 1.01B |
| Total Liabilities | 2.83B | 2.20B | 1.76B | 1.39B | 1.60B |
| Stockholders Equity | 1.78B | 1.92B | 1.67B | 1.47B | 1.36B |
Cash Flow | |||||
| Free Cash Flow | -297.05M | -213.13M | -302.82M | -50.58M | -225.29M |
| Operating Cash Flow | 163.84M | 445.62M | 270.09M | 251.30M | 15.21M |
| Investing Cash Flow | -560.26M | -612.54M | -420.93M | -54.52M | -383.42M |
| Financing Cash Flow | 390.77M | 177.63M | 146.68M | -193.75M | 233.81M |
GRP Ltd Technical Analysis
Negative
2006.70
Price Trends
1912.21
Negative
1903.47
Negative
1852.45
Negative
Market Momentum
-56.48
Positive
39.48
Neutral
29.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRPLTD, the sentiment is Negative. The current price of 2006.7 is above the 20-day moving average (MA) of 1792.71, above the 50-day MA of 1912.21, and above the 200-day MA of 1852.45, indicating a bearish trend. The MACD of -56.48 indicates Positive momentum. The RSI at 39.48 is Neutral, neither overbought nor oversold. The STOCH value of 29.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRPLTD.
GRP Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | ₹11.90B | 12.37 | ― | 0.48% | 27.94% | 66.75% | |
56 Neutral | ₹8.65B | 13.60 | ― | 2.38% | -5.08% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹7.30B | 14.27 | ― | 0.66% | -1.31% | 47.06% | |
50 Neutral | ₹9.40B | 12.43 | ― | 0.38% | 2.49% | 249.40% | |
45 Neutral | ₹9.60B | 94.60 | ― | 0.20% | 10.88% | -63.36% | |
44 Neutral | ₹7.11B | 12.68 | ― | 0.44% | -8.16% | -22.62% |
* General Sector Average
IN:GRPLTD
GRP Ltd
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GRP Ltd Corporate Events
GRP Limited Clears September 2026 Results, Addresses Compliance Fines
Oct 28, 2026
GRP Limited’s board has approved the company’s unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, and these have been reviewed by its statutory auditors. The results have also...
GRP Limited Begins Commercial Solar Power Generation at Gujarat Plants
Oct 20, 2026
GRP Limited has commenced commercial solar power generation at its newly installed plants in Ankleshwar and Panoli, Gujarat, effective October 19, 2026. The two plants, with a combined proposed capacity of 8 MWp and an investment of Rs. 2.60 crore...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.