GRP Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Rajendra Gandhi

Chief executive officer

₹9.6m

Total compensation

CEO salary percentage	87.9%
CEO tenure	10.7yrs
CEO ownership	6.3%
Management average tenure	3.8yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rajendra Gandhi's remuneration changed compared to GRP's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹137m
Sep 30 2023	n/a	n/a	₹134m
Jun 30 2023	n/a	n/a	₹148m
Mar 31 2023	₹10m	₹8m	₹139m
Dec 31 2022	n/a	n/a	₹135m
Sep 30 2022	n/a	n/a	₹104m
Jun 30 2022	n/a	n/a	₹76m
Mar 31 2022	₹12m	₹11m	₹58m
Dec 31 2021	n/a	n/a	₹81m
Sep 30 2021	n/a	n/a	₹90m
Jun 30 2021	n/a	n/a	₹65m
Mar 31 2021	₹7m	₹7m	₹17m
Dec 31 2020	n/a	n/a	-₹44m
Sep 30 2020	n/a	n/a	-₹63m
Jun 30 2020	n/a	n/a	-₹67m
Mar 31 2020	₹11m	₹10m	₹30m
Dec 31 2019	n/a	n/a	₹45m
Sep 30 2019	n/a	n/a	₹81m
Jun 30 2019	n/a	n/a	₹95m
Mar 31 2019	₹10m	₹9m	₹53m
Mar 31 2018	₹9m	₹8m	-₹8m

Compensation vs Market: Rajendra's total compensation ($USD114.74K) is above average for companies of similar size in the Indian market ($USD39.52K).

Compensation vs Earnings: Rajendra's compensation has been consistent with company performance over the past year.

CEO

Rajendra Gandhi (74 yo)

10.7yrs

Tenure

₹9,558,000

Compensation

Mr. Rajendra Vadilal Gandhi has been the Managing Director of GRP Limited since August 1, 2007 and its Executive Director since August 01, 2013. He is Chairman of GRP Limited. Mr. Gandhi served as Chairman...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rajendra Gandhi	MD & Executive Chairman	no data	₹9.56m	6.33% ₹ 554.9m
Harsh Gandhi	Joint MD & Executive Director	5.3yrs	₹16.80m	7.52% ₹ 659.4m
Hemal Gandhi	Executive Director	2.3yrs	₹1.65m	1.18% ₹ 103.5m
Shilpa Mehta	VP & CFO	5.7yrs	₹4.59m	no data
Kushaba Giramkar	President of Operations	no data	no data	no data
Jyoti Sancheti	Whole Time Company Secretary & Compliance Officer	1.8yrs	no data	no data
Kiran Shetty	General Manager of Sales	no data	no data	no data
Virendra Rathod	President of Marketing & Business Development	no data	no data	no data
Sanjeeb Lahiri	Chief Human Resources Officer	no data	no data	no data

3.8yrs

Average Tenure

48yo

Average Age

Experienced Management: 509152's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rajendra Gandhi	MD & Executive Chairman	10.7yrs	₹9.56m	6.33% ₹ 554.9m
Harsh Gandhi	Joint MD & Executive Director	14.8yrs	₹16.80m	7.52% ₹ 659.4m
Hemal Gandhi	Executive Director	1.7yrs	₹1.65m	1.18% ₹ 103.5m
Kandathil Philip	Chairman Emeritus	10.5yrs	₹15.00k	2.84% ₹ 248.6m
Saurabh Shah	Non-Executive Independent Director	6.6yrs	₹500.00k	no data
Anshul Mittal	Independent Director	1.7yrs	₹140.00k	no data
Vivek Asrani	Independent Director	1.7yrs	₹270.00k	no data

6.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 509152's board of directors are considered experienced (6.6 years average tenure).

GRP Management

Management criteria checks 3/4

Key information

Recent management updates

GRP Limited, Annual General Meeting, Aug 04, 2023

Insider recently sold ₹465k worth of stock

Insider recently sold ₹350k worth of stock

Insider recently sold ₹131k worth of stock

Insider recently sold ₹548k worth of stock

Insider recently sold ₹487k worth of stock

Recent updates

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Third quarter 2024 earnings released: EPS: ₹32.34 (vs ₹29.65 in 3Q 2023)

GRP Limited to Report Q3, 2024 Results on Feb 14, 2024

Investor sentiment improves as stock rises 16%

Second quarter 2024 earnings released: EPS: ₹35.16 (vs ₹46.16 in 2Q 2023)

GRP Limited to Report Q2, 2024 Results on Oct 31, 2023

GRP Limited to Report Q1, 2024 Results on Aug 04, 2023

Upcoming dividend of ₹17.00 per share at 0.5% yield

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₹105 (vs ₹43.20 in FY 2022)

GRP Limited, Annual General Meeting, Aug 04, 2023

New minor risk - Insider selling

Insider recently sold ₹465k worth of stock

Insider recently sold ₹350k worth of stock

Full year 2023 earnings released: EPS: ₹105 (vs ₹43.20 in FY 2022)

GRP Limited Recommends Dividend for the Financial Year 2022-23

GRP Limited Recommends Dividend for the Financial Year 2022-23

GRP Limited to Report Q4, 2023 Results on May 27, 2023

Investor sentiment improves as stock rises 16%

Insider recently sold ₹131k worth of stock

Insider recently sold ₹548k worth of stock

Insider recently sold ₹487k worth of stock

Third quarter 2023 earnings released: EPS: ₹29.65 (vs ₹5.93 in 3Q 2022)

An unknown buyer intends to acquire GRIP Polymers Ltd from GRP Limited (BSE:509152) for INR 1.1 million.

Investor sentiment improves as stock rises 20%

GRP Limited to Report Q3, 2023 Results on Feb 09, 2023

Insider recently sold ₹484k worth of stock

Insider recently sold ₹277k worth of stock

Second quarter 2023 earnings released: EPS: ₹46.16 (vs ₹25.26 in 2Q 2022)

GRP Limited to Report Q2, 2023 Results on Nov 04, 2022

Joint MD & Executive Director recently bought ₹1.8m worth of stock

Insider recently sold ₹181k worth of stock

GRP Limited Announces the Cessation of Mahesh V. Gandhi as Director

Upcoming dividend of ₹9.00 per share

GRP Limited to Report Q1, 2023 Results on Aug 06, 2022

Full year 2022 earnings released: EPS: ₹43.20 (vs ₹12.52 in FY 2021)

GRP Limited, Annual General Meeting, Aug 22, 2022

Investor sentiment improved over the past week

GRP Limited Announces Resignation of Ms. Alpnana Parida as Independent Director

Leader Rubber Company Sa (Pty) Ltd agreed to acquire 50% stajke in MARANGONI GRP Private Limited from GRP Limited (BSE:509152) for €0.71 million.

GRP Limited Appoints Jyoti Sancheti as Whole Time Company Secretary

Insider recently sold ₹331k worth of stock

GRP Limited Recommends Dividend for the Financial Year 2021-22

Full year 2022 earnings released: EPS: ₹43.20 (vs ₹12.52 in FY 2021)

GRP Limited Recommends Dividend for the Financial Year 2021-22

Insufficient new directors

Insider recently sold ₹97k worth of stock

Grp Limited Announces Resignation of Abhijeet Sawant as Company Secretary

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Insider recently sold ₹2.1m worth of stock

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Insider recently sold ₹385k worth of stock

Second quarter 2022 earnings released: EPS ₹25.26 (vs ₹6.71 in 2Q 2021)

Insider recently sold ₹392k worth of stock

Upcoming dividend of ₹2.50 per share

Full year 2021 earnings released: EPS ₹12.52 (vs ₹22.26 in FY 2020)

Insider recently sold ₹662k worth of stock

Non Executive & Non Independent Director has left the company

Full year 2021 earnings released: EPS ₹12.52 (vs ₹22.26 in FY 2020)

GRP Limited Recommends Dividend for the Year Ended 31 March, 2021

Third quarter 2021 earnings released: EPS ₹12.31 (vs ₹2.21 loss in 3Q 2020)

GRP Limited to Report Q3, 2021 Results on Feb 10, 2021

New 90-day low: ₹743

New 90-day high: ₹857

GRP Limited to Report Q2, 2021 Results on Nov 11, 2020

GRP Limited Announces Temporary Suspension of Production At Perundurai Reclaim Rubber Manufacturing Plant with Effect from October 1, 2020