Market Cap
₹1.1b
Last Updated
2019/11/12 12:49 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.
Snowflake
Proven track record with adequate balance sheet.
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
-5.4%
GRPLTD
-1.2%
IN Auto Components
-0.6%
IN Market
1 Year Return
-26.3%
GRPLTD
-20.7%
IN Auto Components
5.0%
IN Market
Return vs Industry: GRPLTD underperformed the Indian Auto Components industry which returned -20.7% over the past year.
Return vs Market: GRPLTD underperformed the Indian Market which returned 5% over the past year.
Shareholder returns
| GRPLTD | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.4% | -1.2% | -0.6% |
| 30 Day | -5.7% | 11.0% | 5.9% |
| 90 Day | -4.5% | 13.7% | 8.2% |
| 1 Year | -25.6%-26.3% | -19.9%-20.7% | 7.0%5.0% |
| 3 Year | -40.8%-41.8% | 5.2%2.8% | 36.1%29.2% |
| 5 Year | n/a | 20.1%15.6% | 38.6%25.8% |
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
4 days ago | Simply Wall St
Does GRP (NSE:GRPLTD) Have A Healthy Balance Sheet?2 weeks ago | Simply Wall St
Should GRP Limited’s (NSE:GRPLTD) Weak Investment Returns Worry You?1 month ago | Simply Wall St
Is GRP Limited (NSE:GRPLTD) A Smart Choice For Dividend Investors?Valuation
Is GRP undervalued compared to its fair value and its price relative to the market?
11.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GRPLTD (₹850) is trading above our estimate of fair value (₹44.99)
Significantly Below Fair Value: GRPLTD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GRPLTD is good value based on its PE Ratio (11.8x) compared to the Auto Components industry average (14.7x).
PE vs Market: GRPLTD is good value based on its PE Ratio (11.8x) compared to the Indian market (13.3x).
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 (0.9x) compared to the IN Auto Components industry average (1.5x).
Next Steps
Future Growth
How is GRP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRPLTD's forecast earnings growth (16% per year) is above the savings rate (7.6%).
Earnings vs Market: GRPLTD's earnings (16% per year) are forecast to grow slower than the Indian market (19% per year).
High Growth Earnings: GRPLTD's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if GRPLTD's revenue is forecast to grow faster than the Indian market.
High Growth Revenue: Insufficient data to determine if GRPLTD's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GRPLTD's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has GRP performed over the past 5 years?
-9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRPLTD has high quality earnings.
Growing Profit Margin: GRPLTD's current net profit margins (2.6%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: GRPLTD's earnings have declined by -9.2% per year over the past 5 years.
Accelerating Growth: GRPLTD's earnings growth over the past year (1143.2%) exceeds its 5-year average (-9.2% per year).
Earnings vs Industry: GRPLTD earnings growth over the past year (1143.2%) exceeded the Auto Components industry -10.7%.
Return on Equity
High ROE: GRPLTD's Return on Equity (7.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is GRP's financial position?
Financial Position Analysis
Short Term Liabilities: GRPLTD's short term assets (₹1.2B) exceeds its short term liabilities (₹920.5M)
Long Term Liabilities: GRPLTD's short term assets (1.2B) exceeds its long term liabilities (249.2M)
Debt to Equity History and Analysis
Debt Level: GRPLTD's debt to equity ratio (49.8%) is considered high
Reducing Debt: GRPLTD's debt to equity ratio has reduced from 74.8% to 49.8% over the past 5 years.
Debt Coverage: GRPLTD's debt is not well covered by operating cash flow (15%).
Interest Coverage: GRPLTD earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: GRPLTD has a high level of physical assets or inventory.
Debt Coverage by Assets: GRPLTD's debt is covered by short term assets (assets are 1.8x debt).
Next Steps
Dividend
What is GRP's current dividend yield, its reliability and sustainability?
0.95%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GRPLTD's dividend (0.95%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).
High Dividend: GRPLTD's dividend (0.95%) is low compared to the top 25% of dividend payers in the Indian market (2.36%).
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: With its low payout ratio (11.2%), GRPLTD's dividend payments are thoroughly covered by earnings.
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
What is the CEO of GRP's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
Rajendra Gandhi (70yo)
0yrs
Tenure
₹10,036,400
Compensation
Mr. Rajendra V. 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 Inde ...
CEO Compensation Analysis
Compensation vs Market: Rajendra's total compensation ($USD140.19K) is above average for companies of similar size in the Indian market ($USD33.52K).
Compensation vs Earnings: Rajendra's compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.8yrs
Average Tenure
50yo
Average Age
Experienced Management: GRPLTD's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Age and Tenure
6.1yrs
Average Tenure
69yo
Average Age
Experienced Board: GRPLTD's board of directors are considered experienced (6.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1 |
| Max Price | ₹1,141.00 |
| Entity | Individual |
| Shares | 350 |
| Max Price | ₹1,097.26 |
| Entity | Individual |
| Shares | 70 |
| Max Price | ₹1,044.06 |
| Entity | Individual |
| Shares | 100 |
| Max Price | ₹1,092.30 |
| Entity | Individual |
| Shares | 47 |
| Max Price | ₹1,112.23 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Hemant Kaul (50yo)
President of Marketing & Business Development
- Tenure: 0yrs
Rajendra Gandhi (70yo)
MD & Executive Director
- Tenure: 0yrs
- Compensation: ₹10.04m
Harsh Gandhi (42yo)
Joint MD & Director
- Tenure: 10.4yrs
- Compensation: ₹14.75m
Ganesh Ghangurde (60yo)
President & Chief Compliance Officer
- Tenure: 0yrs
- Compensation: ₹9.84m
Shilpa Mehta
Chief Financial Officer
- Tenure: 1.3yrs
- Compensation: ₹3.73m
Abhijeet Sawant
Company Secretary
- Tenure: 0.8yrs
- Compensation: ₹1.18m
Sanjeeb Lahiri (47yo)
Head of HR & Administration
- Tenure: 0yrs
Kiran Shetty (41yo)
General Manager of Sales
- Tenure: 0yrs
Rajen Doshi (53yo)
President & Chief Operating Officer
- Tenure: 0yrs
Board Members
Kandathil Philip
Chairman Emeritus
- Tenure: 6.1yrs
- Compensation: ₹15.00k
Peter Philip (76yo)
Chairperson
- Tenure: 4yrs
- Compensation: ₹154.00k
Rajendra Gandhi (70yo)
MD & Executive Director
- Tenure: 0yrs
- Compensation: ₹10.04m
Mahesh Gandhi (75yo)
Non Executive Director
- Tenure: 45.4yrs
- Compensation: ₹75.00k
Harsh Gandhi (42yo)
Joint MD & Director
- Tenure: 10.4yrs
- Compensation: ₹14.75m
Rajeev Pandia (70yo)
Non-Executive & Independent Director
- Tenure: 9yrs
- Compensation: ₹1.33m
Nayna Gandhi (68yo)
Non Executive & Non Independent Director
- Tenure: 4.5yrs
- Compensation: ₹75.00k
Alpana Shah (56yo)
Non-Executive Independent Director
- Tenure: 3.5yrs
Saurabh Shah (54yo)
Non-Executive Independent Director
- Tenure: 2.2yrs
- Compensation: ₹217.00k
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: ₹1.126b
- 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. The company offers reclaim rubber products, such as natural rubber recla ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/12 12:49 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.