GRP (GRPLTD)₹1,971−1.11%Rubber
In the Sep 2026 quarter (consolidated), GRP reported sales of ₹173 Cr, up 30.1% from Sep 2025, and net profit of ₹6.39 Cr, up 224.4% year on year. For the year to Mar 2026, sales were ₹537 Cr and net profit ₹3.01 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 110 | 138 | 127 | 132 | 133 | 161 | 124 | 133 | 135 | 145 | 157 | 173 |
| Expenses | 99.34 | 115 | 114 | 122 | 120 | 128 | 114 | 122 | 124 | 136 | 140 | 155 |
| Operating Profit | 10.41 | 22.70 | 12.79 | 9.79 | 12.63 | 32.83 | 9.92 | 10.63 | 10.73 | 8.92 | 16.89 | 17.86 |
| OPM % | 9.5% | 16.4% | 10.1% | 7.4% | 9.5% | 20.4% | 8.0% | 8.0% | 7.9% | 6.2% | 10.7% | 10.3% |
| Other Income | 0.49 | −2.24 | 0.48 | 0.25 | 0.41 | 0.26 | 0.94 | 0.79 | −0.93 | 0.51 | 0.47 | 0.38 |
| Interest | 1.90 | 1.68 | 2.09 | 2.17 | 2.95 | 3.24 | 3.40 | 3.55 | 3.85 | 4.01 | 3.97 | 4.15 |
| Depreciation | 3.29 | 3.45 | 3.84 | 3.98 | 4.06 | 4.17 | 4.26 | 4.55 | 4.91 | 4.99 | 5.01 | 5.21 |
| Profit before tax | 5.72 | 15.37 | 7.31 | 3.88 | 6.04 | 25.70 | 3.21 | 3.33 | 1.08 | 0.44 | 8.42 | 8.87 |
| Tax % | 24.6% | 24.0% | 40.4% | 35.6% | 27.5% | 24.4% | 45.7% | 41.0% | 20.6% | 400.1% | 50.1% | 28.2% |
| Exceptional items | 0.00 | −2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | 0.00 | 0.00 | 0.00 |
| Net Profit | 4.32 | 11.68 | 4.38 | 2.52 | 4.39 | 19.47 | 1.76 | 1.97 | 0.84 | −1.35 | 4.21 | 6.39 |
| EPS (Rs) | 8.12 | 22.03 | 8.24 | 4.70 | 8.22 | 36.46 | 3.27 | 3.69 | 1.58 | −2.52 | 7.87 | 11.95 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 316 | 305 | 301 | 358 | 350 | 281 | 389 | 452 | 462 | 551 | 537 | 610 |
| Expenses | 286 | 278 | 281 | 332 | 331 | 263 | 364 | 426 | 411 | 482 | 494 | 554 |
| Operating Profit | 28.98 | 26.01 | 18.01 | 24.98 | 18.99 | 17.01 | 24.01 | 24.98 | 50.95 | 68.95 | 40.99 | 54.40 |
| OPM % | 9.0% | 9.0% | 6.0% | 7.0% | 5.0% | 6.0% | 6.0% | 6.0% | 11.0% | 12.9% | 8.0% | 8.9% |
| Other Income | 0.00 | 3.01 | 1.01 | 0.00 | 1.01 | 2.01 | 0.00 | 10.03 | −1.01 | 1.01 | 0.00 | 0.43 |
| Interest | 4.01 | 4.01 | 4.01 | 4.99 | 7.99 | 4.99 | 4.99 | 5.99 | 6.99 | 9.99 | 15.01 | 15.98 |
| Depreciation | 14.05 | 14.03 | 14.03 | 13.03 | 14.03 | 13.03 | 12.03 | 13.04 | 12.03 | 16.05 | 19.04 | 20.12 |
| Profit before tax | 10.01 | 11.01 | 0.99 | 7.01 | −1.99 | 1.01 | 6.99 | 15.01 | 30.01 | 43.01 | 7.99 | 18.81 |
| Tax % | 24.1% | 35.1% | 197.1% | 26.1% | −231.9% | −126.9% | 23.1% | 9.1% | 25.1% | 28.1% | 60.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | −1.01 | 0.00 | −2.01 | −1.01 | −1.01 | −1.01 |
| Net Profit | 8.01 | 7.01 | −1.01 | 5.01 | 2.99 | 2.01 | 6.01 | 14.01 | 23.01 | 31.03 | 3.01 | 10.09 |
| EPS (Rs) | 14.91 | 12.99 | −1.43 | 10.05 | 5.59 | 3.14 | 10.86 | 26.29 | 42.73 | 57.55 | 6.05 | 18.88 |
| Dividend payout % | 17.0% | 19.0% | −22.0% | 20.0% | 25.1% | 20.0% | 21.1% | 16.1% | 22.1% | 25.0% | 58.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 4.99 | 4.98 |
| Reserves | 111 | 118 | 125 | 123 | 128 | 126 | 130 | 135 | 146 | 165 | 186 | 173 |
| Borrowings | 67.16 | 68.09 | 67.13 | 57.10 | 65.15 | 86.07 | 72.10 | 101 | 89.08 | 113 | 147 | 208 |
| Other Liabilities | 52.75 | 49.76 | 50.75 | 47.77 | 51.75 | 55.73 | 43.79 | 58.72 | 49.76 | 62.70 | 73.64 | 75.63 |
| Total Liabilities | 233 | 237 | 244 | 230 | 247 | 269 | 248 | 296 | 287 | 342 | 412 | 462 |
| Fixed Assets | 130 | 132 | 134 | 126 | 122 | 122 | 110 | 122 | 103 | 160 | 182 | 227 |
| CWIP | 6.01 | 2.01 | 2.01 | 2.01 | 1.01 | 2.01 | 2.01 | 0.00 | 11.03 | 1.01 | 27.08 | 6.01 |
| Investments | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 14.96 | 15.98 | 1.99 | 1.99 | 13.96 |
| Other Assets | 96.79 | 102 | 107 | 99.86 | 123 | 144 | 135 | 158 | 156 | 180 | 201 | 216 |
| Inventories | 29.98 | 33.96 | 45.92 | 33.93 | 34.98 | 46.96 | 42.96 | 52.95 | 45.98 | 48.95 | 52.95 | 51.97 |
| Trade receivables | 50.08 | 55.14 | 48.15 | 52.13 | 66.17 | 65.19 | 64.19 | 86.19 | 71.17 | 106 | 101 | 109 |
| Cash & equivalents | 2.01 | 3.01 | 1.01 | 1.01 | 5.01 | 8.01 | 14.02 | 0.00 | 1.01 | 0.00 | 1.01 | 1.01 |
| Total Assets | 233 | 237 | 244 | 230 | 247 | 269 | 248 | 296 | 287 | 342 | 412 | 462 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 32.03 | 18.03 | 21.04 | 22.03 | 8.01 | 7.01 | 25.06 | 2.01 | 25.03 | 27.05 | 45.07 | 30.04 |
| Cash from investing activity | −8.02 | −13.04 | −16.05 | −7.02 | −9.02 | −11.03 | 1.01 | −38.13 | −5.01 | −42.15 | −61.17 | −56.15 |
| Cash from financing activity | −24.02 | −5.01 | −6.01 | −15.03 | 4.01 | 8.01 | −20.02 | 23.02 | −19.03 | 15.01 | 18.03 | 26.01 |
| Net cash flow | −1.01 | 0.00 | −2.01 | 1.01 | 3.01 | 4.01 | 5.01 | −13.01 | 0.00 | 0.00 | 1.01 | −1.01 |
| Capex | 8.83 | 13.02 | 16.28 | 7.45 | 9.21 | 11.99 | 3.57 | 24.06 | 30.17 | 57.30 | 65.80 | 46.10 |
| Free cash flow | 23.05 | 5.01 | 5.01 | 15.03 | 0.00 | −4.01 | 25.06 | −22.08 | 13.03 | −30.09 | −18.05 | −16.04 |
| CFO / OP % | 150.1% | 72.1% | 90.1% | 122.1% | 45.1% | 43.1% | 148.1% | 16.1% | 116.1% | 63.1% | 76.1% | 96.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 55 | 64 | 59 | 64 | 68 | 69 | 84 | 82 | 58 | 85 | 68 | 76 |
| Inventory days | 62 | 82 | 121 | 91 | 74 | 100 | 117 | 107 | 81 | 86 | 77 | 69 |
| Days payable | 41 | 45 | 41 | 41 | 45 | 49 | 42 | 49 | 26 | 41 | 40 | 37 |
| Cash conversion cycle | 75 | 100 | 138 | 113 | 96 | 119 | 159 | 139 | 112 | 128 | 104 | 106 |
| Working capital days | 4 | 11 | 23 | 23 | 23 | 22 | 47 | 39 | 38 | 28 | 19 | 18 |
| ROCE % | 8.0% | 8.1% | 8.1% | 3.0% | 6.0% | 3.0% | 2.0% | 6.0% | 9.1% | 15.0% | 18.1% | 7.0% |
For the Sep 2026 quarter, GRP reported sales of ₹173 Cr, up 30.1% year on year and net profit of ₹6.39 Cr, up 224.4% year on year. The operating margin was 10.3%.
GRP's sales for the year to Mar 2026 were ₹537 Cr; over the last twelve months they were ₹610 Cr.
Net profit for the year to Mar 2026 was ₹3.01 Cr, and ₹10.09 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.88.
GRP reported borrowings of ₹208 Cr at Mar 2026, against cash and equivalents of ₹1.01 Cr.
Cash from operations was ₹30.04 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹16.04 Cr.