GRP Limited

NSEI:GRPLTD Stock Report

Market Cap: ₹10.5b

GRP Management

Management criteria checks 3/4

GRP's CEO is Harsh Gandhi, appointed in Jan 2024, has a tenure of 1.83 years. total yearly compensation is ₹23.17M, comprised of 78.2% salary and 21.8% bonuses, including company stock and options. directly owns 7.52% of the company’s shares, worth ₹790.89M. The average tenure of the management team and the board of directors is 3.6 years and 3.3 years respectively.

Key information

Harsh Gandhi

Chief executive officer

₹23.2m

Total compensation

CEO salary percentage78.18%
CEO tenure1.8yrs
CEO ownership7.5%
Management average tenure3.6yrs
Board average tenure3.3yrs

Recent management updates

We Take A Look At Whether GRP Limited's (NSE:GRPLTD) CEO May Be Underpaid

Jul 27
We Take A Look At Whether GRP Limited's (NSE:GRPLTD) CEO May Be Underpaid

Recent updates

GRP Limited's (NSE:GRPLTD) 32% Jump Shows Its Popularity With Investors

Apr 03
GRP Limited's (NSE:GRPLTD) 32% Jump Shows Its Popularity With Investors

With EPS Growth And More, GRP (NSE:GRPLTD) Makes An Interesting Case

Nov 04
With EPS Growth And More, GRP (NSE:GRPLTD) Makes An Interesting Case

GRP Limited (NSE:GRPLTD) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless

Sep 19
GRP Limited (NSE:GRPLTD) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless

We Think GRP (NSE:GRPLTD) Can Stay On Top Of Its Debt

Aug 26
We Think GRP (NSE:GRPLTD) Can Stay On Top Of Its Debt

We Take A Look At Whether GRP Limited's (NSE:GRPLTD) CEO May Be Underpaid

Jul 27
We Take A Look At Whether GRP Limited's (NSE:GRPLTD) CEO May Be Underpaid

GRP Limited (NSE:GRPLTD) Stocks Shoot Up 38% But Its P/S Still Looks Reasonable

Jul 22
GRP Limited (NSE:GRPLTD) Stocks Shoot Up 38% But Its P/S Still Looks Reasonable

GRP's (NSE:GRPLTD) Solid Profits Have Weak Fundamentals

Jul 20
GRP's (NSE:GRPLTD) Solid Profits Have Weak Fundamentals

GRP (NSE:GRPLTD) Is Paying Out A Larger Dividend Than Last Year

Jul 19
GRP (NSE:GRPLTD) Is Paying Out A Larger Dividend Than Last Year

Returns Are Gaining Momentum At GRP (NSE:GRPLTD)

Jun 28
Returns Are Gaining Momentum At GRP (NSE:GRPLTD)

GRP Limited's (NSE:GRPLTD) 40% Jump Shows Its Popularity With Investors

Jun 07
GRP Limited's (NSE:GRPLTD) 40% Jump Shows Its Popularity With Investors

Earnings Not Telling The Story For GRP Limited (NSE:GRPLTD) After Shares Rise 30%

Feb 24
Earnings Not Telling The Story For GRP Limited (NSE:GRPLTD) After Shares Rise 30%

Is GRP (NSE:GRPLTD) A Risky Investment?

Dec 09
Is GRP (NSE:GRPLTD) A Risky Investment?

Returns Are Gaining Momentum At GRP (NSE:GRPLTD)

Aug 29
Returns Are Gaining Momentum At GRP (NSE:GRPLTD)

Do GRP's (NSE:GRPLTD) Earnings Warrant Your Attention?

Apr 28
Do GRP's (NSE:GRPLTD) Earnings Warrant Your Attention?

Returns On Capital At GRP (NSE:GRPLTD) Have Stalled

Feb 26
Returns On Capital At GRP (NSE:GRPLTD) Have Stalled

Does GRP (NSE:GRPLTD) Have A Healthy Balance Sheet?

Jan 13
Does GRP (NSE:GRPLTD) Have A Healthy Balance Sheet?

GRP's (NSE:GRPLTD) Upcoming Dividend Will Be Larger Than Last Year's

Jul 31
GRP's (NSE:GRPLTD) Upcoming Dividend Will Be Larger Than Last Year's

GRP (NSE:GRPLTD) Takes On Some Risk With Its Use Of Debt

Jul 09
GRP (NSE:GRPLTD) Takes On Some Risk With Its Use Of Debt

The Returns On Capital At GRP (NSE:GRPLTD) Don't Inspire Confidence

Feb 02
The Returns On Capital At GRP (NSE:GRPLTD) Don't Inspire Confidence

These 4 Measures Indicate That GRP (NSE:GRPLTD) Is Using Debt Extensively

Dec 14
These 4 Measures Indicate That GRP (NSE:GRPLTD) Is Using Debt Extensively

We Think Shareholders May Want To Consider A Review Of GRP Limited's (NSE:GRPLTD) CEO Compensation Package

Aug 05
We Think Shareholders May Want To Consider A Review Of GRP Limited's (NSE:GRPLTD) CEO Compensation Package

CEO Compensation Analysis

How has Harsh Gandhi's remuneration changed compared to GRP's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

₹281m

Mar 31 2025₹23m₹18m

₹307m

Dec 31 2024n/an/a

₹229m

Sep 30 2024n/an/a

₹229m

Jun 30 2024n/an/a

₹250m

Mar 31 2024n/an/a

₹226m

Dec 31 2023n/an/a

₹137m

Sep 30 2023n/an/a

₹134m

Jun 30 2023n/an/a

₹148m

Mar 31 2023₹17m₹16m

₹139m

Dec 31 2022n/an/a

₹135m

Sep 30 2022n/an/a

₹104m

Jun 30 2022n/an/a

₹76m

Mar 31 2022₹16m₹14m

₹58m

Dec 31 2021n/an/a

₹81m

Sep 30 2021n/an/a

₹90m

Jun 30 2021n/an/a

₹65m

Mar 31 2021₹12m₹11m

₹17m

Dec 31 2020n/an/a

-₹44m

Sep 30 2020n/an/a

-₹63m

Jun 30 2020n/an/a

-₹67m

Mar 31 2020₹18m₹16m

₹30m

Dec 31 2019n/an/a

₹45m

Sep 30 2019n/an/a

₹81m

Jun 30 2019n/an/a

₹95m

Mar 31 2019₹15m₹14m

₹53m

Compensation vs Market: Harsh's total compensation ($USD261.16K) is above average for companies of similar size in the Indian market ($USD46.05K).

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

CEO

Harsh Gandhi (48 yo)

1.8yrs
Tenure
₹23,170,600
Compensation

Mr. Harsh Rajendra Gandhi has been Non-Executive Independent Director at Ultramarine & Pigments Limited since August 1, 2019. He serves as Managing Director at GRP Limited since 2024. He served as Joint Ma...

Leadership Team

NamePositionTenureCompensationOwnership
Harsh Gandhi
MD & Executive Director1.8yrs₹23.17m7.52%
₹ 790.9m
Shilpa Mehta
VP & CFO7.3yrs₹73.00no data
Jyoti Sancheti
Whole Time Company Secretary & Compliance Officer3.4yrs₹18.00no data
Hemal Gandhi
Executive Director3.8yrs₹3.99m1.18%
₹ 124.1m
Kushaba Giramkar
President of Operationsno datano datano data
Kiran Shetty
General Manager of Salesno datano datano data
Virendra Rathod
President of Marketing & Business Developmentno datano datano data
Sanjeeb Lahiri
Chief Human Resources Officerno datano datano data
3.6yrs
Average Tenure
48yo
Average Age

Experienced Management: GRPLTD's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Harsh Gandhi
MD & Executive Director16.4yrs₹23.17m7.52%
₹ 790.9m
Hemal Gandhi
Executive Director3.3yrs₹3.99m1.18%
₹ 124.1m
Kandathil Philip
Chairman Emeritus12.1yrs₹15.00kno data
Saurabh Shah
Non-Executive Independent Director8.2yrs₹1.07mno data
Anshul Mittal
Independent Director3.3yrs₹584.00kno data
Vivek Asrani
Independent Director3.3yrs₹997.00kno data
Belur Krishna Sethuraman
Independent Directorless than a yearno datano data
3.3yrs
Average Tenure
60yo
Average Age

Experienced Board: GRPLTD's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 21:53
End of Day Share Price 2025/11/14 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GRP Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sailesh RajaBatlivala & Karani Securities India Pvt. Ltd.
Anil BurraFirstCall Research