GRP Limited

NSEI:GRPLTD Stock Report

Market Cap: ₹9.9b

GRP Management

Management criteria checks 3/4

GRP's CEO is Harsh Gandhi, appointed in Jan 2024, has a tenure of 2.5 years. total yearly compensation is ₹23.17M, comprised of 78.2% salary and 21.8% bonuses, including company stock and options. directly owns 9.92% of the company’s shares, worth ₹979.11M. The average tenure of the management team and the board of directors is 4.5 years and 3.9 years respectively.

Key information

Harsh Gandhi

Chief executive officer

₹23.2m

Total compensation

CEO salary percentage78.18%
CEO tenure2.5yrs
CEO ownership9.9%
Management average tenure4.5yrs
Board average tenure3.9yrs

Recent management updates

Analysis Article • Jul 27

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

Key Insights GRP to hold its Annual General Meeting on 2nd of August CEO Rajendra Gandhi's total compensation includes...

Recent updates

Analysis Article • May 20

GRP Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

GRP Limited ( NSE:GRPLTD ) missed earnings with its latest annual results, disappointing overly-optimistic forecasts...
Analysis Article • Nov 22

GRP (NSE:GRPLTD) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Despite posting some strong earnings, the market for GRP Limited's ( NSE:GRPLTD ) stock hasn't moved much. We did some...
Analysis Article • Nov 19

One GRP Limited (NSE:GRPLTD) Analyst Just Made A Major Cut To Next Year's Estimates

One thing we could say about the covering analyst on GRP Limited ( NSE:GRPLTD ) - they aren't optimistic, having just...
Analysis Article • Apr 03

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

GRP Limited ( NSE:GRPLTD ) shareholders are no doubt pleased to see that the share price has bounced 32% in the last...
Analysis Article • Nov 04

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

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Sep 19

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

GRP Limited ( NSE:GRPLTD ) shares have retraced a considerable 27% in the last month, reversing a fair amount of their...
Analysis Article • Aug 26

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

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jul 27

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

Key Insights GRP to hold its Annual General Meeting on 2nd of August CEO Rajendra Gandhi's total compensation includes...
Analysis Article • Jul 22

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

GRP Limited ( NSE:GRPLTD ) shares have continued their recent momentum with a 38% gain in the last month alone. The...
Analysis Article • Jul 20

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

Despite posting some strong earnings, the market for GRP Limited's ( NSE:GRPLTD ) stock hasn't moved much. Our analysis...
Analysis Article • Jul 19

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

GRP Limited ( NSE:GRPLTD ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article • Jun 28

Returns Are Gaining Momentum At GRP (NSE:GRPLTD)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Jun 07

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

GRP Limited ( NSE:GRPLTD ) shares have continued their recent momentum with a 40% gain in the last month alone. The...
Analysis Article • Feb 24

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

Despite an already strong run, GRP Limited ( NSE:GRPLTD ) shares have been powering on, with a gain of 30% in the last...
Analysis Article • Dec 09

Is GRP (NSE:GRPLTD) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Aug 29

Returns Are Gaining Momentum At GRP (NSE:GRPLTD)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Apr 28

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

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Feb 26

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

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Jan 13

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

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jul 31

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

The board of GRP Limited ( NSE:GRPLTD ) has announced that it will be paying its dividend of ₹9.00 on the 21st of...
Analysis Article • Jul 09

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

CEO Compensation Analysis

How has Harsh Gandhi's remuneration changed compared to GRP's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹32m

Dec 31 2025n/an/a

₹240m

Sep 30 2025n/an/a

₹275m

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

Compensation vs Market: Harsh's total compensation ($USD242.80K) is above average for companies of similar size in the Indian market ($USD41.13K).

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

CEO

Harsh Gandhi (49 yo)

2.5yrs
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 Director2.5yrs₹23.17m9.92%
₹ 979.1m
Shilpa Mehta
VP & CFO7.9yrs₹7.30mno data
Hemal Gandhi
Executive Director4.5yrs₹3.99m1.18%
₹ 116.5m
Kushaba Giramkar
President of Operationsno datano datano data
Kiran Shetty
General Manager of Salesno datano datano data
Sanjeeb Lahiri
Chief Human Resources Officerno datano datano data
4.5yrs
Average Tenure
49yo
Average Age

Experienced Management: GRPLTD's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Harsh Gandhi
MD & Executive Director17.1yrs₹23.17m9.92%
₹ 979.1m
Hemal Gandhi
Executive Director3.9yrs₹3.99m1.18%
₹ 116.5m
Kandathil Philip
Chairman Emeritus12.8yrs₹15.00kno data
Saurabh Shah
Non-Executive Independent Director8.8yrs₹1.07mno data
Anshul Mittal
Independent Director3.9yrs₹584.00kno data
Vivek Asrani
Independent Director3.9yrs₹997.00kno data
Belur Krishna Sethuraman
Independent Director1.2yrsno datano data
3.9yrs
Average Tenure
61yo
Average Age

Experienced Board: GRPLTD's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 02:12
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

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 3 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 Raja360 ONE Capital Market Private Limited
Dheeraj Ram360 ONE Capital Market Private Limited
Anil BurraFirstCall Research