Market Cap
₹980.0m
Last Updated
2020/10/26 12:31 UTC
Data Sources
Company Financials
Executive Summary
GRP Limited manufactures and sells reclaim rubber sheets for tire and non-tire rubber goods industries in India and internationally. More Details
Risk Analysis
Snowflake Analysis
Imperfect balance sheet and overvalued.
Share Price & News
How has GRP's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GRPLTD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
5.5%
GRPLTD
3.9%
IN Auto Components
1.4%
IN Market
1 Year Return
-18.3%
GRPLTD
-1.2%
IN Auto Components
2.2%
IN Market
Return vs Industry: GRPLTD underperformed the Indian Auto Components industry which returned -1.2% over the past year.
Return vs Market: GRPLTD underperformed the Indian Market which returned 2.2% over the past year.
Shareholder returns
| GRPLTD | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.5% | 3.9% | 1.4% |
| 30 Day | 3.6% | 3.5% | 5.6% |
| 90 Day | 9.3% | 12.9% | 8.5% |
| 1 Year | -17.7%-18.3% | -0.009%-1.2% | 4.0%2.2% |
| 3 Year | -41.4%-42.4% | -31.1%-33.2% | -0.5%-5.3% |
| 5 Year | -20.2%-22.7% | 12.1%7.3% | 41.6%31.1% |
Price Volatility Vs. Market
How volatile is GRP's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
We Think GRP (NSE:GRPLTD) Has A Fair Chunk Of Debt6 months ago | Simply Wall St
Introducing GRP (NSE:GRPLTD), The Stock That Slid 58% In The Last Three Years6 months ago | Simply Wall St
Is GRP Limited's (NSE:GRPLTD) CEO Overpaid Relative To Its Peers?Valuation
Is GRP undervalued compared to its fair value and its price relative to the market?
0.77x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GRPLTD (₹737.6) is trading above our estimate of fair value (₹24.14)
Significantly Below Fair Value: GRPLTD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GRPLTD is unprofitable, so we can't compare its PE Ratio to the IN Auto Components industry average.
PE vs Market: GRPLTD is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GRPLTD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GRPLTD is good value based on its PB Ratio (0.8x) compared to the IN Auto Components industry average (1.3x).
Next Steps
Future Growth
How is GRP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
50.1%
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GRP has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of GRPLTD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- GRP competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
Past Performance
How has GRP performed over the past 5 years?
-23.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRPLTD is currently unprofitable.
Growing Profit Margin: GRPLTD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GRPLTD is unprofitable, and losses have increased over the past 5 years at a rate of 23.2% per year.
Accelerating Growth: Unable to compare GRPLTD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GRPLTD is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-57.2%).
Return on Equity
High ROE: GRPLTD has a negative Return on Equity (-5.3%), as it is currently unprofitable.
Next Steps
Financial Health
How is GRP's financial position?
Financial Position Analysis
Short Term Liabilities: GRPLTD's short term assets (₹1.4B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: GRPLTD's short term assets (₹1.4B) exceed its long term liabilities (₹288.0M).
Debt to Equity History and Analysis
Debt Level: GRPLTD's debt to equity ratio (67.2%) is considered high.
Reducing Debt: GRPLTD's debt to equity ratio has increased from 59% to 67.2% over the past 5 years.
Debt Coverage: GRPLTD's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: Insufficient data to determine if GRPLTD's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is GRP current dividend yield, its reliability and sustainability?
0.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRPLTD's dividend (0.75%) is higher than the bottom 25% of dividend payers in the Indian market (0.55%).
High Dividend: GRPLTD's dividend (0.75%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).
Stability and Growth of Payments
Stable Dividend: GRPLTD's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRPLTD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: GRPLTD is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Rajendra Gandhi (71 yo)
no data
Tenure
₹11,177,200
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. Mr. Gandhi serves as Chairman of GRIP Polymers Ltd. He is an ...
CEO Compensation Analysis
Compensation vs Market: Rajendra's total compensation ($USD151.41K) is above average for companies of similar size in the Indian market ($USD54.90K).
Compensation vs Earnings: Rajendra's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | no data | ₹11.18m | 5.45% ₹ 53.4m | |
| Joint MD & Executive Director | 11.33yrs | ₹17.56m | 6.18% ₹ 60.6m | |
| Chief Financial Officer | 2.17yrs | ₹3.66m | no data | |
| Company Secretary | 1.67yrs | ₹1.28m | no data | |
| President & Chief Compliance Officer | no data | ₹9.84m | no data | |
| President & COO | no data | no data | no data | |
| Head of HR & Administration | no data | no data | no data | |
| President of Marketing & Business Development | no data | no data | no data | |
| General Manager of Sales | no data | no data | no data |
1.8yrs
Average Tenure
51yo
Average Age
Experienced Management: GRPLTD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | no data | ₹11.18m | 5.45% ₹ 53.4m | |
| Joint MD & Executive Director | 11.33yrs | ₹17.56m | 6.18% ₹ 60.6m | |
| Chairman Emeritus | 7yrs | ₹15.00k | 2.84% ₹ 27.8m | |
| Non Executive & Non Independent Chairperson | 4.92yrs | ₹129.00k | 0.10% ₹ 979.8k | |
| Non Executive Director | 46.33yrs | ₹80.00k | 6.19% ₹ 60.7m | |
| Non-Executive & Independent Director | 9.92yrs | ₹342.00k | no data | |
| Non Executive & Non Independent Director | 5.42yrs | ₹60.00k | 3.33% ₹ 32.6m | |
| Non-Executive Independent Director | 4.42yrs | ₹234.00k | no data | |
| Non-Executive Independent Director | 3.08yrs | ₹198.00k | 3.33% ₹ 32.6m |
7.0yrs
Average Tenure
70yo
Average Age
Experienced Board: GRPLTD's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
GRP Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: GRP Limited
- Ticker: GRPLTD
- Exchange: NSEI
- Founded: 1974
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: ₹980.000m
- Shares outstanding: 1.33m
- Website: https://www.grpweb.com
Location
- GRP Limited
- 510, A Wing
- Kohinoor City Commercial I
- Mumbai
- Maharashtra
- 400070
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 509152 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Oct 1996 |
| GRPLTD | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Oct 1996 |
Biography
GRP Limited manufactures and sells reclaim rubber sheets for tire and non-tire rubber goods industries in India and internationally. It operates through Reclaim Rubber and Others segments. The company offe ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/26 12:31 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.