GRP Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of GRP Ltd and is it undervalued?

As of 25 August 2026, GRP Ltd's intrinsic value is 507.09, which is 74.43% lower than the current market price of 1,983.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (2.48 %), book value (334), dividend yield (0.18 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of GRP Ltd?

GRP Ltd is trading at 1,983.00 as of 25 August 2026, with a FY2026-2027 high of 2,363 and low of 1,500. The stock is currently in the middle of its 52-week range. Market cap stands at 1,058 Cr..

Q: Is GRP Ltd financially healthy?

Key indicators: ROCE of 6.94 % is on the lower side. Dividend yield is 0.18 %.

Q: Is GRP Ltd profitable and how is the profit trend?

GRP Ltd reported a net profit of 3 Cr in Mar 2026 on revenue of 535 Cr. Compared to 14 Cr in Mar 2023, the net profit shows a declining trend.

Fair Value

₹1,022.33Overvalued by 48.45%vs CMP ₹1,983.00

P/E (154.0) × ROE (2.5%) × BV (₹334.00) × DY (0.18%)

₹507.09Overvalued by 74.43%vs CMP ₹1,983.00

MoS: -291.1% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹852.95	30%	Over (-57%)
Graham Number	Earnings	₹282.77	22%	Over (-85.7%)
Net Asset Value	Assets	₹333.62	10%	Over (-83.2%)
EV/EBITDA	Enterprise	₹734.72	12%	Over (-62.9%)
Earnings Yield	Earnings	₹106.40	10%	Over (-94.6%)
ROCE Capital	Returns	₹224.88	10%	Over (-88.7%)
Revenue Multiple	Revenue	₹501.37	7%	Over (-74.7%)
Consensus (7 models)		₹507.09	100%	Overvalued

Key Drivers: EPS CAGR -16.6% drags value — could be higher if earnings stabilize. | P/E of 154 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -16.6%

*Investments are subject to market risks

Analyst Summary

GRP Ltd operates in the Rubber Processing/Rubber Products segment, NSE: GRPLTD | BSE: 509152, current market price is ₹1,983.00, market cap is 1,058 Cr.. At a glance, stock P/E is 154, ROE is 2.48 %, ROCE is 6.94 %, book value is 334, dividend yield is 0.18 %. The latest intrinsic value estimate is ₹507.09, around 74.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹535 Cr versus the prior period change of -2.7%, while latest net profit is about ₹3 Cr with a prior-period change of -90.3%. The 52-week range shown on this page is 2,363/1,500, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGRP Ltd. is a Public Limited Listed company incorporated on 29/06/1974 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L25191GJ1974PLC00…

This summary is generated from the stock page data available for GRP Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

GRP Ltd scores 52/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health49/100 · Moderate

ROCE 6.9% WeakROE 2.5% WeakD/E 0.51 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 40.1% Stable

Earnings Quality60/100 · Moderate

OPM stable around 11% SteadyWorking capital: 18 days (improving) Efficient

Quarterly Momentum68/100 · Strong

Revenue (4Q): +9% YoY GrowingProfit (4Q): +20% YoY Positive

Industry Rank25/100 · Weak

P/E 154.0 vs industry 4.0 Premium to peersROCE 6.9% vs industry 8.7% AverageROE 2.5% vs industry 15.4% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:42 am

Market Cap	1,058 Cr.
Current Price	1,983
Intrinsic Value	₹507.09
High / Low	2,363/1,500
Stock P/E	154
Book Value	334
Dividend Yield	0.18 %
ROCE	6.94 %
ROE	2.48 %
Face Value	10.0
PEG Ratio	-9.29

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for GRP Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
GRP Ltd	1,058 Cr.	1,983	2,363/1,500	154	334	0.18 %	6.94 %	2.48 %	10.0
Harrisons Malayalam Ltd	370 Cr.	201	238/154	13.7	96.6	0.00 %	15.3 %	17.5 %	10.0
Modi Rubber Ltd	324 Cr.	129	168/98.4	32,394	270	0.00 %	0.63 %	0.09 %	10.0
Indag Rubber Ltd	318 Cr.	121	143/77.4	23.1	88.0	1.98 %	5.07 %	4.44 %	2.00
Elgi Rubber Company Ltd	297 Cr.	59.4	90.5/32.7		15.1	0.00 %	12.9 %	67.5 %	1.00
Industry Average	740.88 Cr	367.72		4,867.61	109.87	0.38%	8.65%	15.36%	6.22

All Competitor Stocks of GRP Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	117.03	114.29	95.54	99.34	114.41	109.69	137.94	126.20	131.65	132.26	160.34	123.75	132.36
Expenses	111.05	107.44	89.70	92.83	103.33	99.27	115.22	113.42	121.85	119.62	127.49	113.82	121.74
Operating Profit	5.98	6.85	5.84	6.51	11.08	10.42	22.72	12.78	9.80	12.64	32.85	9.93	10.62
OPM %	5.11%	5.99%	6.11%	6.55%	9.68%	9.50%	16.47%	10.13%	7.44%	9.56%	20.49%	8.02%	8.02%
Other Income	6.40	1.84	1.16	0.52	0.43	0.48	-2.23	0.47	0.24	0.40	0.25	0.93	0.78
Interest	1.48	1.63	1.78	1.80	1.88	1.91	1.69	2.10	2.18	2.94	3.25	3.39	3.54
Depreciation	3.28	3.05	2.93	2.76	2.98	3.28	3.44	3.83	3.97	4.05	4.16	4.25	4.54
Profit before tax	7.62	4.01	2.29	2.47	6.65	5.71	15.36	7.32	3.89	6.05	25.69	3.22	3.32
Tax %	19.16%	1.50%	-20.09%	20.65%	29.32%	24.52%	23.96%	40.30%	35.48%	27.44%	24.29%	45.65%	40.96%
Net Profit	6.15	3.95	2.75	1.97	4.69	4.31	11.67	4.37	2.51	4.38	19.45	1.75	1.96
EPS in Rs	11.60	7.45	5.19	3.72	8.85	8.13	22.02	8.25	4.71	8.21	36.47	3.28	3.68

Last Updated: January 1, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 25, 2026, 2:30 am

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	339	315	304	300	357	349	280	388	451	461	550	535	568
Expenses	317	286	278	281	332	330	263	364	426	411	482	494	521
Operating Profit	22	29	26	18	25	19	17	24	25	51	69	41	47
OPM %	7%	9%	9%	6%	7%	5%	6%	6%	6%	11%	13%	8%	8%
Other Income	8	-0	3	1	0	1	2	0	10	-1	1	0	1
Interest	5	4	4	4	5	8	5	5	6	7	10	15	15
Depreciation	15	14	14	14	13	14	13	12	13	12	16	19	19
Profit before tax	11	10	11	1	7	-2	1	7	15	30	43	8	13
Tax %	19%	24%	35%	197%	26%	-232%	-127%	23%	9%	25%	28%	60%
Net Profit	9	8	7	-1	5	3	2	6	14	23	31	3	6
EPS in Rs	16.74	14.92	13.00	-1.42	10.06	5.60	3.15	10.87	26.32	42.72	57.56	6.04	10.64
Dividend Payout %	17%	17%	19%	-22%	20%	25%	20%	21%	16%	22%	25%	58%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
YoY Net Profit Growth (%)	-11.11%	-12.50%	-114.29%	600.00%	-40.00%	-33.33%	200.00%	133.33%	64.29%	34.78%	-90.32%
Change in YoY Net Profit Growth (%)	0.00%	-1.39%	-101.79%	714.29%	-640.00%	6.67%	233.33%	-66.67%	-69.05%	-29.50%	-125.11%

GRP Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2015-2016 to 2025-2026.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	10%
3 Years:	12%
TTM:	12%

Compounded Profit Growth
10 Years:	15%
5 Years:	61%
3 Years:	70%
TTM:	5%

Stock Price CAGR
10 Years:	24%
5 Years:	61%
3 Years:	62%
1 Year:	-42%

Return on Equity
10 Years:	7%
5 Years:	10%
3 Years:	14%
Last Year:	17%

Last Updated: September 5, 2025, 5:25 am

Balance Sheet

Last Updated: June 30, 2026, 5:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	1	1	1	1	1	1	1	5	5
Reserves	111	118	125	123	128	126	130	135	146	165	186	173
Borrowings	67	68	67	57	65	86	72	101	89	113	147	208
Other Liabilities	53	50	51	48	52	56	44	59	50	63	74	76
Total Liabilities	233	237	244	230	247	269	248	296	287	342	412	462
Fixed Assets	130	132	134	126	122	122	110	122	103	160	182	227
CWIP	6	2	2	2	1	2	2	0	11	1	27	6
Investments	1	1	1	1	1	1	0	15	16	2	2	14
Other Assets	97	102	107	100	123	144	135	158	156	180	201	216
Total Assets	233	237	244	230	247	269	248	296	287	342	412	462

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	32	18	21	22	8	7	25	2	25	27	45	30
Cash from Investing Activity +	-8	-13	-16	-7	-9	-11	1	-38	-5	-42	-61	-56
Cash from Financing Activity +	-24	-5	-6	-15	4	8	-20	23	-19	15	18	26
Net Cash Flow	-1	0	-2	1	3	4	5	-13	0	-0	1	-1
Free Cash Flow	23	5	5	15	-0	-4	25	-22	13	-30	-18	-16
CFO/OP	150%	72%	90%	122%	45%	43%	148%	16%	116%	63%	76%	96%

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-45.00	-39.00	-41.00	-39.00	-40.00	-67.00	-55.00	-77.00	-64.00	-62.00	-78.00	-167.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	59	54	63	58	63	67	68	83	81	57	84	67
Inventory Days	84	62	82	121	91	74	100	117	107	81	86	77
Days Payable	47	42	46	42	42	46	50	43	50	27	42	41
Cash Conversion Cycle	95	74	99	137	112	95	118	158	138	111	127	103
Working Capital Days	6	3	10	22	22	22	21	46	38	37	27	18
ROCE %	14%	8%	8%	8%	3%	6%	3%	2%	6%	9%	15%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	40.41%	40.36%	40.36%	40.30%	40.29%	40.18%	40.06%	40.06%	40.06%	40.06%	40.06%	40.05%
FIIs	0.00%	0.00%	0.00%	0.00%	0.05%	0.01%	0.05%	0.03%	0.02%	0.02%	0.05%	0.02%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.38%	0.38%	0.38%	0.00%	0.00%	0.00%	0.00%
Public	59.58%	59.64%	59.64%	59.69%	59.66%	59.44%	59.53%	59.53%	59.93%	59.93%	59.90%	59.93%
No. of Shareholders	2,997	2,945	3,151	3,894	9,097	8,494	8,237	8,357	8,795	8,558	8,046	7,932

Shareholding Pattern Chart

No. of Shareholders

GRP Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	57.57	169.78	104.61	43.20	12.52
Diluted EPS (Rs.)	57.57	169.78	104.61	43.20	12.52
Cash EPS (Rs.)	87.60	263.31	198.41	136.20	107.44
Book Value[Excl.RevalReserv]/Share (Rs.)	359.31	1250.59	1105.68	1021.70	986.88
Book Value[Incl.RevalReserv]/Share (Rs.)	359.31	1250.59	1105.68	1021.70	986.88
Revenue From Operations / Share (Rs.)	1032.11	3460.43	3382.58	2913.25	2098.35
PBDIT / Share (Rs.)	130.17	392.48	257.31	182.67	140.94
PBIT / Share (Rs.)	100.14	298.95	163.51	89.67	46.02
PBT / Share (Rs.)	80.50	226.37	114.79	55.81	5.52
Net Profit / Share (Rs.)	57.57	169.78	104.61	43.20	12.52
NP After MI And SOA / Share (Rs.)	57.56	169.78	104.61	43.20	12.52
PBDIT Margin (%)	12.61	11.34	7.60	6.27	6.71
PBIT Margin (%)	9.70	8.63	4.83	3.07	2.19
PBT Margin (%)	7.79	6.54	3.39	1.91	0.26
Net Profit Margin (%)	5.57	4.90	3.09	1.48	0.59
NP After MI And SOA Margin (%)	5.57	4.90	3.09	1.48	0.59
Return on Networth / Equity (%)	16.02	13.57	9.46	4.22	1.26
Return on Capital Employeed (%)	21.53	19.45	11.70	6.52	3.73
Return On Assets (%)	7.45	6.61	4.86	1.94	0.67
Long Term Debt / Equity (X)	0.19	0.13	0.16	0.21	0.11
Total Debt / Equity (X)	0.76	0.67	0.59	0.73	0.51
Asset Turnover Ratio (%)	1.46	1.47	1.55	1.42	1.07
Current Ratio (X)	1.18	1.26	1.61	1.50	1.58
Quick Ratio (X)	0.85	0.90	1.15	1.03	1.07
Inventory Turnover Ratio (X)	10.73	4.48	4.12	3.99	2.98
Dividend Payout Ratio (NP) (%)	16.28	10.01	8.60	5.78	0.00
Dividend Payout Ratio (CP) (%)	10.70	6.45	4.53	1.83	0.00
Earning Retention Ratio (%)	83.72	89.99	91.40	94.22	0.00
Cash Earning Retention Ratio (%)	89.30	93.55	95.47	98.17	0.00
Interest Coverage Ratio (X)	6.63	7.19	5.28	5.39	3.48
Interest Coverage Ratio (Post Tax) (X)	3.93	4.44	3.15	2.28	1.31
Enterprise Value (Cr.)	1628.42	978.43	431.00	284.94	159.40
EV / Net Operating Revenue (X)	2.96	2.12	0.95	0.73	0.56
EV / EBITDA (X)	23.46	18.70	12.56	11.70	8.48
MarketCap / Net Operating Revenue (X)	2.70	1.88	0.76	0.47	0.37
Retention Ratios (%)	83.71	89.98	91.39	94.21	0.00
Price / BV (X)	7.74	5.19	2.33	1.36	0.80
Price / Net Operating Revenue (X)	2.70	1.88	0.76	0.47	0.37
EarningsYield	0.02	0.02	0.04	0.03	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

GRP Ltd. is a Public Limited Listed company incorporated on 29/06/1974 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L25191GJ1974PLC002555 and registration number is 002555. Currently Company is involved in the business activities of Materials recovery. Company's Total Operating Revenue is Rs. 526.06 Cr. and Equity Capital is Rs. 5.33 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Rubber Processing/Rubber Products	Plot No 8, G.I.D.C. Estate, Bharuch District Gujarat 393002	Contact not found

Management
Name	Position Held
Mr. Rajendra V Gandhi	Executive Chairman
Mr. Harsh R Gandhi	Managing Director
Mr. Hemal H Gandhi	Executive Director
Mr. Saurabh S Shah	Independent Director
Mr. Vivek G Asrani	Independent Director
Mr. Anshul D Mittal	Independent Director
Mr. Belur Krishna Murthy Sethuram	Addnl. & Ind.Director

FAQ

What is the intrinsic value of GRP Ltd and is it undervalued?

As of 25 August 2026, GRP Ltd's intrinsic value is ₹507.09, which is 74.43% lower than the current market price of ₹1,983.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.48 %), book value (₹334), dividend yield (0.18 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of GRP Ltd?

GRP Ltd is trading at ₹1,983.00 as of 25 August 2026, with a FY2026-2027 high of ₹2,363 and low of ₹1,500. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,058 Cr..

How does GRP Ltd's P/E ratio compare to its industry?

GRP Ltd has a P/E ratio of 154, which is above the industry average of 4.00. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is GRP Ltd financially healthy?

Key indicators for GRP Ltd: ROCE of 6.94 % is on the lower side compared to the industry average of 8.65%; ROE of 2.48 % is below ideal levels (industry average: 15.36%). Dividend yield is 0.18 %.

Is GRP Ltd profitable and how is the profit trend?

GRP Ltd reported a net profit of ₹3 Cr in Mar 2026 on revenue of ₹535 Cr. Compared to ₹14 Cr in Mar 2023, the net profit shows a declining trend.

Does GRP Ltd pay dividends?

GRP Ltd has a dividend yield of 0.18 % at the current price of ₹1,983.00. The company pays dividends, though the yield is modest.