GRP Ltd: Intrinsic Value & Share Price Analysis

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

As of 13 May 2026, GRP Ltd's intrinsic value is 1103.33, which is 40.20% lower than the current market price of 1,845.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (17.4 %), book value (340), dividend yield (0.79 %), and 5-year EPS CAGR.

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

GRP Ltd is trading at 1,845.00 as of 13 May 2026, with a FY2026-2027 high of 3,164 and low of 1,500. The stock is currently near its 52-week low. Market cap stands at 995 Cr..

Q: Is GRP Ltd financially healthy?

Key indicators: ROCE of 17.5 % indicates efficient capital utilization. Dividend yield is 0.79 %.

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

GRP Ltd reported a net profit of 31 Cr in Mar 2025 on revenue of 550 Cr. Compared to 6 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹1,884.22Fairly Valued by 2.13%vs CMP ₹1,845.00

P/E (39.5) × ROE (17.4%) × BV (₹340.00) × DY (0.79%)

₹1,103.33Overvalued by 40.20%vs CMP ₹1,845.00

MoS: -67.2% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2,503.62	26%	Under (+35.7%)
Graham Number	Earnings	₹586.86	19%	Over (-68.2%)
DCF	Cash Flow	₹713.57	13%	Over (-61.3%)
Net Asset Value	Assets	₹335.62	8%	Over (-81.8%)
EV/EBITDA	Enterprise	₹1,197.86	11%	Over (-35.1%)
Earnings Yield	Earnings	₹450.20	8%	Over (-75.6%)
ROCE Capital	Returns	₹221.90	8%	Over (-88%)
Revenue Multiple	Revenue	₹509.92	6%	Over (-72.4%)
Consensus (8 models)		₹1,103.33	100%	Overvalued

Key Drivers: EPS CAGR 32.9% lifts DCF — verify sustainability. | Wide model spread (₹222–₹2,504) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 32.9%

*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 ₹1,845.00, market cap is 995 Cr.. At a glance, stock P/E is 39.5, ROE is 17.4 %, ROCE is 17.5 %, book value is 340, dividend yield is 0.79 %. The latest intrinsic value estimate is ₹1,103.33, around 40.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹550 Cr versus the prior period change of 19.3%, while latest net profit is about ₹31 Cr with a prior-period change of 34.8%. The 52-week range shown on this page is 3,164/1,500, 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 69/100 (Average)

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

Stock Health68/100 · Strong

ROCE 17.5% GoodROE 17.4% GoodD/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 Quality75/100 · Strong

OPM expanding (6% → 12%) ImprovingWorking capital: 18 days (improving) Efficient

Quarterly Momentum68/100 · Strong

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

Industry Rank75/100 · Strong

P/E 39.5 vs industry 33.9 In-lineROCE 17.5% vs industry 8.2% Above peersROE 17.4% vs industry 9.1% Above peers3Y sales CAGR: 12% Moderate

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: May 5, 2026, 12:12 am

Market Cap	995 Cr.
Current Price	1,845
Intrinsic Value	₹1,103.33
High / Low	3,164/1,500
Stock P/E	39.5
Book Value	340
Dividend Yield	0.79 %
ROCE	17.5 %
ROE	17.4 %
Face Value	10.0
PEG Ratio	1.20

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	995 Cr.	1,845	3,164/1,500	39.5	340	0.79 %	17.5 %	17.4 %	10.0
Harrisons Malayalam Ltd	410 Cr.	222	238/154	16.3	89.2	0.00 %	11.0 %	9.54 %	10.0
Modi Rubber Ltd	331 Cr.	130	168/98.4	21.1	276	0.00 %	3.28 %	2.89 %	10.0
Elgi Rubber Company Ltd	258 Cr.	51.5	90.5/32.7		33.3	0.00 %	0.47 %	12.2 %	1.00
Vikas Ecotech Ltd	246 Cr.	1.39	2.78/0.95	76.6	2.22	0.00 %	2.75 %	1.37 %	1.00
Industry Average	588.63 Cr	326.44		33.94	111.34	0.56%	8.24%	9.09%	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: February 24, 2026, 6:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	309	339	315	304	300	357	349	280	388	451	461	550	551
Expenses	273	317	286	278	281	332	330	263	364	426	411	482	487
Operating Profit	36	22	29	26	18	25	19	17	24	25	51	69	64
OPM %	12%	7%	9%	9%	6%	7%	5%	6%	6%	6%	11%	13%	12%
Other Income	1	8	-0	3	1	0	1	2	0	10	-1	1	1
Interest	7	5	4	4	4	5	8	5	5	6	7	10	14
Depreciation	12	15	14	14	14	13	14	13	12	13	12	16	18
Profit before tax	18	11	10	11	1	7	-2	1	7	15	30	43	33
Tax %	39%	19%	24%	35%	197%	26%	-232%	-127%	23%	9%	25%	28%
Net Profit	11	9	8	7	-1	5	3	2	6	14	23	31	24
EPS in Rs	20.47	16.74	14.92	13.00	-1.42	10.06	5.60	3.15	10.87	26.32	42.72	57.56	45.02
Dividend Payout %	20%	17%	17%	19%	-22%	20%	25%	20%	21%	16%	22%	25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-18.18%	-11.11%	-12.50%	-114.29%	600.00%	-40.00%	-33.33%	200.00%	133.33%	64.29%	34.78%
Change in YoY Net Profit Growth (%)	0.00%	7.07%	-1.39%	-101.79%	714.29%	-640.00%	6.67%	233.33%	-66.67%	-69.05%	-29.50%

GRP Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

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: December 4, 2025, 1:19 am

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	Sep 2025
Equity Capital	1	1	1	1	1	1	1	1	1	1	1	5	5
Reserves	105	111	118	125	123	128	126	130	135	146	165	186	176
Borrowings	85	67	68	67	57	65	86	72	101	89	113	147	204
Other Liabilities	52	53	50	51	48	52	56	44	59	50	63	74	68
Total Liabilities	242	233	237	244	230	247	269	248	296	287	342	412	453
Fixed Assets	136	130	132	134	126	122	122	110	122	103	160	182	218
CWIP	4	6	2	2	2	1	2	2	0	11	1	27	9
Investments	0	1	1	1	1	1	1	0	15	16	2	2	24
Other Assets	102	97	102	107	100	123	144	135	158	156	180	201	201
Total Assets	242	233	237	244	230	247	269	248	296	287	342	412	453

Reserves and Borrowings Chart

Cash Flow

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
Cash from Operating Activity +	28	32	18	21	22	8	7	25	2	25	27	45
Cash from Investing Activity +	-14	-8	-13	-16	-7	-9	-11	1	-38	-5	-42	-61
Cash from Financing Activity +	-14	-24	-5	-6	-15	4	8	-20	23	-19	15	18
Net Cash Flow	1	-1	0	-2	1	3	4	5	-13	0	-0	1
Free Cash Flow	14	23	5	5	15	-0	-4	25	-22	13	-30	-18
CFO/OP	95%	150%	72%	90%	122%	45%	43%	148%	16%	116%	63%	76%

Free Cash Flow

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
Free Cash Flow	-49.00	-45.00	-39.00	-41.00	-39.00	-40.00	-67.00	-55.00	-77.00	-64.00	-62.00	-78.00

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	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	40.61%	40.51%	40.41%	40.36%	40.36%	40.30%	40.29%	40.18%	40.06%	40.06%	40.06%	40.06%
FIIs	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.01%	0.05%	0.03%	0.02%	0.02%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.38%	0.38%	0.38%	0.00%	0.00%
Public	59.24%	59.50%	59.58%	59.64%	59.64%	59.69%	59.66%	59.44%	59.53%	59.53%	59.93%	59.93%
No. of Shareholders	3,091	3,074	2,997	2,945	3,151	3,894	9,097	8,494	8,237	8,357	8,795	8,558

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. 534.27 Cr. and Equity Capital is Rs. 5.33 Cr. for the Year ended 31/03/2025.

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 13 May 2026, GRP Ltd's intrinsic value is ₹1103.33, which is 40.20% lower than the current market price of ₹1,845.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.4 %), book value (₹340), dividend yield (0.79 %), and 5-year EPS CAGR.

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

GRP Ltd is trading at ₹1,845.00 as of 13 May 2026, with a FY2026-2027 high of ₹3,164 and low of ₹1,500. The stock is currently near its 52-week low. Market cap stands at ₹995 Cr..

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

GRP Ltd has a P/E ratio of 39.5, which is above the industry average of 33.94. The premium over industry average may reflect growth expectations or speculative interest.

Is GRP Ltd financially healthy?

Key indicators for GRP Ltd: ROCE of 17.5 % indicates efficient capital utilization; ROE of 17.4 % shows strong shareholder returns. Dividend yield is 0.79 %.

Is GRP Ltd profitable and how is the profit trend?

GRP Ltd reported a net profit of ₹31 Cr in Mar 2025 on revenue of ₹550 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows an improving trend.

Does GRP Ltd pay dividends?

GRP Ltd has a dividend yield of 0.79 % at the current price of ₹1,845.00. The company pays dividends, though the yield is modest.