GRP Ltd - Stock Valuation and Financial Performance

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:

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.

• 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

• Solapur plant receives ISO 9001 certification.
• Ankleshwar plant receives ISO 9002 certification.

Awards From

• Compuworld
• AIRIA
• CAPEXIL