GRP Ltd (GRPLTD) AI Stock Analysis

GRP Ltd

(NSE:GRPLTD)

Select Model

Rating:53Neutral

Price Target:INR 1,756.00▼(-3.39% Downside)

Action:reiterated

Date:08/19/26

The stock’s moderate overall score reflects solid historical growth that is currently under pressure from volatile margins, rising leverage, and weak cash conversion, while a supportive price trend and stable momentum partly offset these risks but an expensive valuation keeps the rating in the lower-middle range.

Positive Factors

Long-term Revenue ExpansionMaterial 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 CompressionThe 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.

GRP Ltd (GRPLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 9.07B
Dividend Yield: 0.19%
Average Volume (3M): 1,387
Price to Earnings (P/E): 101.9
Beta (1Y): 0.75
Revenue Growth: 10.88%
EPS Growth: -63.36%
Country: India
Employees: 909
Sector: General
Sector Strength: 55
Industry: Manufacturing - Miscellaneous

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. The...

How the Company Makes Money

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GRP Ltd Financial Statement Overview

Summary

Multi-year revenue and margin improvements up to 2025 are outweighed by the 2026 setback, where profits nearly broke even, leverage rose above equity, and free cash flow remained weak, leaving overall financial strength only moderate.

Income Statement

55Neutral

Balance Sheet

50Neutral

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	5.35B	5.35B	5.50B	4.57B	4.45B	3.83B
Gross Profit	2.41B	1.81B	2.97B	779.49M	1.43B	1.22B
EBITDA	415.08M	402.33M	680.66M	499.33M	343.06M	243.32M
Net Income	32.20M	32.20M	307.01M	226.37M	139.48M	57.60M
Balance Sheet
Total Assets	4.62B	4.62B	4.12B	3.42B	2.87B	2.96B
Cash, Cash Equivalents and Short-Term Investments	140.74M	140.74M	29.39M	17.97M	162.93M	154.39M
Total Debt	2.08B	2.08B	1.47B	1.13B	891.49M	1.01B
Total Liabilities	2.83B	2.83B	2.20B	1.76B	1.39B	1.60B
Stockholders Equity	1.78B	1.78B	1.92B	1.67B	1.47B	1.36B
Cash Flow
Free Cash Flow	-115.30M	-297.05M	-213.13M	-302.82M	-50.58M	-225.29M
Operating Cash Flow	177.13M	163.84M	445.62M	270.09M	251.30M	15.21M
Investing Cash Flow	-503.99M	-560.26M	-612.54M	-420.93M	-54.52M	-383.42M
Financing Cash Flow	316.48M	390.77M	177.63M	146.68M	-193.75M	233.81M

GRP Ltd Technical Analysis

Technical Analysis SentimentNeutral

Last Price1817.65

Price Trends

50DMA1903.67Negative

100DMA1904.74Negative

200DMA1852.98Negative

Market Momentum

MACD-41.47Negative

RSI49.89Neutral

STOCH43.49Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRPLTD, the sentiment is Neutral. The current price of 1817.65 is above the 20-day moving average (MA) of 1783.30, below the 50-day MA of 1903.67, and below the 200-day MA of 1852.98, indicating a neutral trend. The MACD of -41.47 indicates Negative momentum. The RSI at 49.89 is Neutral, neither overbought nor oversold. The STOCH value of 43.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GRPLTD.

GRP Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GRPLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GHCLTEXTIL	63Neutral	INR 11.29B	11.74	―	0.51%	27.94%	66.75%
IN:NAHARSPING	62Neutral	INR 9.40B	12.48	―	0.38%	2.49%	249.40%
IN:PRECOT	57Neutral	INR 7.23B	14.13	―	0.66%	-1.31%	47.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GRPLTD	53Neutral	INR 9.69B	101.94	―	0.19%	10.88%	-63.36%
IN:RSWM	52Neutral	INR 8.43B	13.31	―	―	-5.08%	―
IN:HIMATSEIDE	45Neutral	INR 6.84B	12.19	―	0.46%	-8.16%	-22.62%

* General Sector Average

Performance Comparison

IN:GRPLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GRPLTD	GRP Ltd	1817.65	-187.83	-9.37%
IN:GHCLTEXTIL	Ghcl Textiles Ltd.	118.10	38.98	49.27%
IN:HIMATSEIDE	Himatsingka Seide Limited.	54.36	-70.26	-56.38%
IN:NAHARSPING	Nahar Spinning Mills Ltd	260.65	54.06	26.17%
IN:PRECOT	Precot Ltd.	602.20	110.47	22.47%
IN:RSWM	RSWM Ltd	178.95	25.60	16.69%

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 be...

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 fu...

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.

Date of analysis: Aug 22, 2026

GRP Ltd AI Stock Analysis