Is GRP a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that GRP Ltd is a below average quality company .

Is GRP undervalued or overvalued?

The key valuation ratios of GRP Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is GRP share price return in the past 10 years?

GRP Ltd share price has appreciated 28% annually (CAGR) over the past ten years.

Is GRP a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GRP Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

GRP Ltd - Stock Valuation and Financial Performance

Name: GRP
Brand: GRP

BSE: 509152 | NSE: GRPLTD | Rubber Products | Small Cap

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GRP Share Price

₹3,179.60 29.60 0.94%
as on 21-Nov'24 16:59

10 Year X-Ray of GRP:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	8.6%	8.2%	8.3%	3.6%	6.8%	2.8%	2.9%	5.4%	7.7%	15.2%	-
Value Creation Index ⓘ	-0.4	-0.4	-0.4	-0.7	-0.5	-0.8	-0.8	-0.6	-0.5	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	339	315	303	299	357	349	280	388	451	462	498
Sales YoY Gr.	-	-7.2%	-3.7%	-1.2%	19.2%	-2.3%	-19.8%	38.9%	16.2%	2.4%	-
Adj EPS ⓘ	6.3	15.8	13.4	2.5	6.9	-3.1	-2.8	2.1	13.4	42.9	51.3
YoY Gr.	-	152.4%	-15.1%	-81.2%	172.3%	-144.4%	NA	NA	548.8%	219.2%	-
BVPS (₹) ⓘ	210.9	222.9	239.5	238.1	250.9	246.1	254.2	263	277.1	315.4	323.4
Adj Net Profit ⓘ	3.3	8.4	7.2	1.4	3.7	-1.6	-1.5	1.1	7.2	22.9	27
Cash Flow from Ops. ⓘ	32.2	17.7	21.9	23.1	8.7	7.5	24.8	1.8	25.9	28.7	-
Debt/CF from Ops. ⓘ	2.1	3.8	3	2.4	7.4	11.3	2.9	54.3	3.3	3.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.5%	5.3%	18.2%	2.4%
Adj EPS ⓘ	23.8%	44.1%	NA	219.2%
BVPSⓘ	4.6%	4.7%	7.5%	13.8%
Share Price	28%	71.8%	139.5%	167%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.1	7.3	5.8	1.1	2.8	-1.2	-1.1	0.8	5	14.5	16.1
Op. Profit Mgn % ⓘ	6.6	9.3	8.8	6.2	5.9	3.5	4.8	4.2	4.7	10.1	11.5
Net Profit Mgn % ⓘ	1	2.7	2.4	0.5	1	-0.5	-0.5	0.3	1.6	5	5.5
Debt to Equity ⓘ	0.6	0.6	0.5	0.4	0.5	0.7	0.5	0.7	0.6	0.7	0.1
Working Cap Days ⓘ	145	164	155	139	110	127	157	125	121	129	58
Cash Conv. Cycle ⓘ	63	70	80	80	69	80	106	88	79	82	11

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.10%

Sales growth is growing at healthy rate in last 3 years 18.20%

Debt to equity has declined versus last 3 years average to 0.65

Sales growth is good in last 4 quarters at 19.16%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - GRP Ltd.

	Standalone	Consolidated
TTM EPS (₹)	51.3	42.9
TTM Sales (₹ Cr.)	498	505
BVPS (₹.) ⓘ	323.4	313.5
Reserves (₹ Cr.) ⓘ	167	162
P/BV ⓘ	9.89	10.21
PE ⓘ	62.34	74.67

From the Market
52 Week Low / High (₹)	1036.50 / 4840.00
All Time Low / High (₹)	3.70 / 4840.00
Market Cap (₹ Cr.)	1,707
Equity (₹ Cr.)	5.3
Face Value (₹)	10
Industry PE ⓘ	34.9

Management X-Ray of GRP:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.18

0.36

0.34

0.19

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of GRP

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GRP

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	339	315	303	299	357	349	280	388	451	462
Operating Expenses ⓘ	317	286	277	281	336	337	266	373	430	415
Manufacturing Costs	61	58	59	61	71	68	54	80	93	104
Material Costs	178	149	139	138	172	172	136	183	210	211
Employee Cost	43	49	53	52	58	60	48	47	53	54
Other Costs ⓘ	35	30	26	30	35	36	28	62	73	47
Operating Profit ⓘ	22	29	27	18	21	12	13	15	21	46
Operating Profit Margin (%)	6.6%	9.1%	8.8%	6.1%	5.9%	3.5%	4.8%	4.0%	4.7%	10.0%
Other Income ⓘ	7	0	3	2	5	7	5	9	9	7
Interest ⓘ	5	4	4	4	5	8	5	4	6	8
Depreciation ⓘ	15	14	14	13	13	13	13	12	12	12
Exceptional Items ⓘ	1	0	0	0	0	0	0	0	0	-2
Profit Before Tax ⓘ	11	11	12	2	8	-2	1	7	12	31
Tax ⓘ	2	3	4	1	2	-5	-1	2	1	7
Profit After Tax	9	8	8	1	6	3	2	6	10	24
PAT Margin (%)	2.6%	2.5%	2.8%	0.3%	1.8%	0.9%	0.6%	1.5%	2.3%	5.1%
Adjusted EPS (₹)	16.6	15.0	15.7	1.8	12.0	5.6	3.1	10.9	19.2	44.5
Dividend Payout Ratio (%)	17%	17%	16%	17%	17%	24%	20%	21%	22%	21%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	112	119	128	127	134	131	136	140	148	168
Share Capital ⓘ	1	1	1	1	1	1	1	1	1	1
Reserves ⓘ	111	118	126	126	132	130	134	139	146	167
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	53	56	61	50	62	81	67	93	76	99
Long Term Debt	10	9	11	5	3	11	16	30	22	20
Short Term Debt	42	46	50	45	59	69	52	63	54	79
Trade Payables	20	18	21	15	22	25	17	26	16	25
Others Liabilities ⓘ	111	77	59	41	36	37	33	44	47	55
Total Liabilities ⓘ	296	270	268	234	253	273	253	304	286	347
Fixed Assets
Gross Block	201	216	230	233	240	254	250	271	246	303
Accumulated Depreciation	72	85	99	111	122	135	143	152	145	156
Net Fixed Assetsⓘ	129	130	131	121	118	119	107	119	100	146
CWIP ⓘ	6	2	2	2	1	2	2	0	5	1
Investmentsⓘ	1	1	1	1	8	8	8	23	21	7
Inventories	30	33	45	33	34	46	43	53	46	48
Trade Receivables	50	54	48	51	65	65	63	86	71	106
Cash Equivalents	2	2	1	1	5	8	14	0	1	0
Others Assetsⓘ	78	47	40	23	22	25	15	23	42	38
Total Assets ⓘ	296	270	268	234	253	273	253	304	286	347

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	32	18	22	23	9	8	25	2	26	29
PBT ⓘ	11	11	12	2	8	-2	1	7	12	34
Adjustment ⓘ	17	18	17	17	16	23	18	17	17	18
Changes in Working Capital ⓘ	5	-7	-4	4	-13	-12	6	-20	1	-18
Tax Paid ⓘ	-1	-3	-3	0	-3	-1	0	-2	-4	-5
Cash Flow From Investing Activity ⓘ	-9	-12	-17	-7	-10	-12	1	-38	-3	-44
Capex	-9	-11	-14	-7	-9	-12	0	-24	-5	-53
Net Investments	0	0	-1	0	-7	0	0	-15	4	14
Others ⓘ	0	-1	-2	0	6	0	1	0	-1	-5
Cash Flow From Financing Activityⓘ	-24	-5	-7	-15	4	8	-20	23	-23	15
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-4	-4	-3	-4	-5	-8	-5	-4	-6	-7
Dividend Paid ⓘ	-2	-2	-2	-2	0	-2	0	0	-1	-2
Others ⓘ	-18	0	-2	-9	9	18	-15	28	-15	24
Net Cash Flow ⓘ	-1	0	-2	1	3	4	5	-13	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.13	6.93	6.79	0.77	4.89	2.26	1.23	4.19	7.1	15.01
ROCE (%)	8.63	8.21	8.33	3.59	6.77	2.84	2.85	5.35	7.65	15.23
Asset Turnover Ratio	1.25	1.15	1.17	1.25	1.55	1.39	1.13	1.48	1.63	1.56
PAT to CFO Conversion(x)	3.56	2.25	2.75	23	1.5	2.67	12.5	0.33	2.6	1.21
Working Capital Days
Receivable Days	52	59	60	58	57	65	79	66	60	65
Inventory Days	33	35	45	46	33	40	55	43	38	34
Payable Days	40	47	52	48	40	49	56	43	37	36

GRP Ltd Stock News

GRP Ltd FAQs

What is the share price of GRP?

Company share prices are keep on changing according to the market conditions. The closing price of GRP on 21-Nov-2024 16:59 is ₹3,179.6.

What is the market cap of GRP?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of GRP stood at ₹1,706.7.

What is the P/E ratio of GRP?

The latest P/E ratio of GRP as of 21-Nov-2024 16:59 is 62.34.

What is the P/B ratio of GRP?

The latest P/B ratio of GRP as of 21-Nov-2024 16:59 is 9.89.

What is the 52-week high and low of GRP?

The 52-week high of GRP is ₹4,840 and the 52-week low is ₹1,036.5.

What is the TTM revenue of GRP?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GRP is ₹498.3 ( Cr.) .

About GRP Ltd

Established in 1974, Gujarat Reclaim & Rubber Products Ltd. (GRRP) began producing with a modest capacity of only 2400 MT.From then on, there was no looking back. GRRPL grew manifold and widened its geographical presence in India and abroad. It was conferred the 'Export House' status by the Government of India for its steady export, growth and performance.

GRRPL produces reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, moulded rubber products for different applications in both, tyre and non tyre rubber products.

Through steady growth and a strong vision, GRRP has emerged as the largest manufacturer of reclaim rubber in the country and among the largest globally.

GRRP has achieved a strong export growth in the last decade and spread itself to over 35 countries across the globe. GRRP is striving to expand its global base by reaching out to countries and applications not explored in the past.

Product range of the company includes:

BT 999 Butyl Reclaim
BTA 777 Butyl Reclaim
BTI 888 Butyl Reclaim
T 1010 Tube Reclaim
CHT 100 Latex Reclaim
EP 101 EPDM Reclaim
777 E Nitrile Polycoat
FKM 100 Reprocessed Fluroelastomer (FKM)
FKM 101 Reprocessed Fluroelastomer (FKM)
HT 555 High Tensile Whole Tyre Reclaim

Milestones:

1978 Production commences at Ankleshwar
1984 First export order 4800
1986 Solapur plant setup 7200
1989 Joint venture in Malaysia
1991 Exports grow to 5 countries, commenced production of Butyl Reclaim
1993 Commenced manufacture of surface treated crumb from tyre crumb & NBR crumb
1997 Commenced production of products split and punched from waste tyres
1999 Exports cross 10 countries, commenced production of EPDM reclaim
2003 Exports cross 25 countries
2004 Government of India confers 'Export House' status, company receives single ISO 9001 certification for both plants
2005 Implemented SAP for streamlining processes, exports cross 31 countries
2006 3rd Reclaim plant setup at Panoli, company receives ISO 14001 certification
2007 A dedicated plant for fine crumbs set up, exports cross 35 countries

Achievements/ recognition:

Largest manufacturer and exporter of reclaimed rubber in India.
Successfully offered technical collaboration (a plant in Malaysia) for supply of machinery and technical know how to manufacture reclaimed rubber.
First to introduce a surface treated crumb rubber manufacturing facility in India capable of manufacturing crumbs from various types of natural rubber based and synthetic rubber based products.
Punch and split products from used tyres were manufactured for the first time in India by GRRP.
First to design and commission an air pollution control system.
GRRP has in its portfolio the most number of grades of reclaim from synthetic rubbers such as Butyl, EPDM.
GRRP has been an uninterrupted dividend paying company.
Use of a gas based captive power plant at Ankleshwar & Panoli for continuous power supply, ensuring a clean environment. The company has also utilized waste heat from the process to use back in its processes.
GRRP has implemented a SAP ERP to streamline its business processes, moving it from a people driven to a systems driven company.
GRRP has been conferred a Star Export House status by the Government of India.

Certification