GRP

Mumbai, India Founded: 1974 • Age: 52 yrs Listed
Automotive rubber products are manufactured and supplied globally.

About GRP

GRP is a publicly listed company based in Mumbai (India) founded in 1974. Automotive rubber products are manufactured and supplied globally. It operates on a Direct-to-Consumer (D2C) and Circular Economy model. The company has 416 employees. Its Indian entity Grp Limited reported revenue of β‚Ή538 Cr. GRP offers products and services including Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, Polymer Composite, and Custom Die Forms. Its focus areas include Materials, Rubber & Plastics, Reclaimed Rubber and Plastics. Its competitors include Innova Rubbers, Fores Group and Sankar Elastomers.

Company details

GRP Ltd, established in 1974, is engaged in the production of reclaimed rubber from end-of-life tyres, engineering plastics from nylon waste, and other sustainable materials like repurposed polyolefins and polymer composites. The company operates across five business verticals, including Reclaim Rubber and Custom Die Forms, serving the global polymer industry. With seven manufacturing units in India, solutions are provided to enhance sustainability by reducing CO2 emissions and recycling materials for tyre and non-tyre applications. Sectors such as logistics, construction, and agriculture are supported through innovative, cost-effective products.

  • Headquarters Mumbai, India
  • Employees 416
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
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  • Phone
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  • Website grpweb.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Grp Ltd
Key Metrics
  • Market Cap
    ₹1,043 Cr

    GRPLTD · NSE

  • Share Price
    ₹1,834.30

    -6.24% today

  • Revenue
    ₹535 Cr

    FY 2025-26 · -2.8% YoY

  • EBITDA
    ₹38.85 Cr

    Margin 7.3%

  • Net Profit
    ₹4.60 Cr

    FY 2025-26 · -85.3% YoY

  • P/E (TTM)
    93.2x

    P/B 5.5x

  • ROE
    2.5%

    ROCE 6.9%

  • Debt / Equity
    0.96

    Interest cover 73.2x

  • Employee Count
    416

Products & Services of GRP

GRP offers a comprehensive portfolio of products and services, including Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, Polymer Composite, and Custom Die Forms.

Reclaim Rubber
Rubber Products

Reclaimed rubber is produced from end-of-life tyres.

Engineering Plastics
Plastics

Polyamide is recovered from end-of-life tyre materials.

Repurposed Polyolefins
Packaging Materials

Sustainable materials are provided for rigid packaging solutions.

Polymer Composite
Composite Materials

Durable composites are made from recycled materials entirely.

Custom Die Forms
Engineered Products

Engineered products are created from end-of-life tyres.

Board of directors of Grp Limited (GRP)

Grp Limited is the primary company behind GRP. The board of Grp Limited currently have 7 directors; the longest-serving is Rajendra Vadilal Gandhi, appointed in 2010. 14 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajendra Vadilal Gandhi
DIN 00189197
Director01 Aug 201016 yrs 3 moGrp Limited
Harsh Gandhi
DIN 00133091
Managing Director16 Jun 201214 yrs 4 moGrp Limited
Saurabh Surendra Shah
DIN 02094645
Director12 Sep 20179 yrs 2 moGrp Limited
Hemal Harsh Gandhi
DIN 01444424
Whole-time director22 Aug 20224 yrs 2 moGrp Limited
Vivek Gul Asrani
DIN 00114447
Director22 Aug 20224 yrs 2 moGrp Limited
Anshul Mittal
DIN 00139786
Director22 Aug 20224 yrs 2 moGrp Limited
Belur Krishna Murthy Sethuram
DIN 03498701
Director09 May 20251 yr 6 moGrp Limited

People of GRP

35 people are tracked at GRP (9 in leadership, 5 in board & advisors, 21 in team); the tracked headcount is 416.

NameRoleGroup
Managing DirectorLeadership
Harish Tiwari
Assistant General Manager ProcurementLeadership
Nikhil Gondane (PMP, SAP S4H, IT Applications, Digitization)
Head Information SystemsLeadership
Sanjeeb Lahiri
Chief Human Resources OfficerLeadership
Kush Giramkar
President-operations, Procurement & ProjectsLeadership
Ganesh Kumar
Head OperationsLeadership
Keshav Pande
Plant Head And GM ProjectsLeadership
Km Ravi
Head-r&d /general Manager - R&dLeadership
Harsha Chandran
Project HeadLeadership
Alpana Parida
DirectorBoard & advisors
Rajeev M. Pandia
DirectorBoard & advisors
DirectorBoard & advisors
Peter Philip
ChairpersonBoard & advisors
Mahesh V. Gandhi
DirectorBoard & advisors
Gitika Kaur
Statergic Sourcing ManagerTeam
Divyang Patel
Maintenance ManagerTeam
Kalyan Das
Marketing And Business DevelopmentTeam
Deep Mehta
Assistant Operations ManagerTeam
Vinayak Kalburgi
Manager HR And AdministrationTeam
Prachin Shende
Manager - Workforce ManagementTeam

15 more people are available in the full profile.

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Complete people profiles for GRP

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IPO & Listings of GRP

GRP is a publicly listed company on the NSE with ticker symbol GRPLTD in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date12 Feb 2015
  • Listed onNSE: GRPLTD
  • Listed entityGRP Ltd
  • Exchange sectorProducer manufacturing
  • ISININE137I01015
  • Share price₹1,791.90 (-0.03% on the day) · 2026-10-14
  • Market capitalisation₹954 Cr
  • Price to earnings168.5
  • EPS (diluted, trailing year)₹10.63
  • Dividend yield0.2%
  • Volume (last session)2,028

Financials of GRP

Exchange-reported figures of Grp Limited, the listed company behind GRP (NSE: GRPLTD).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹535 Cr
-2.7% YoY
EBITDA
₹38.85 Cr
-42.9% YoY
Profit After Tax
₹4.60 Cr
-85.3% YoY
Net Worth
₹178 Cr
-6.9% YoY
Total Assets
₹389 Cr
+13.5% YoY
Total Debt
₹208 Cr
+41.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue535550461451388280349
Revenue growth-2.8%+19.3%+2.3%+16.1%+38.8%-19.8%-
EBITDA38.8568.0948.3224.7823.1816.9318.94
EBITDA margin+7.3%+12.4%+10.5%+5.5%+6.0%+6.1%+5.4%
Profit before tax8.0842.9630.1815.297.430.74(2.24)
Net profit4.6031.2824.5113.496.310.722.88
Net profit margin+0.9%+5.7%+5.3%+3.0%+1.6%+0.3%+0.8%
EPS (β‚Ή)6.0457.57169.78104.6143.2012.5222.26
Balance sheet
Total assets389343283238239204215
Net worth178192167147136132127
Total debt20814711389.1510171.9085.99
Cash & bank0.661.430.270.690.4413.838.44
Net working capital146137125110111105103
Cash flow
Cash from operations29.6144.5627.0125.131.5225.067.36
Cash from investing(55.94)(61.25)(42.09)(5.45)(38.34)0.86(11.18)
Cash from financing25.7717.7614.67(19.37)23.38(20.43)7.66
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue172157145135132124160132
Revenue growth (YoY)+30.2%+26.7%-9.9%+1.9%+0.5%-1.9%--
Other income0.370.460.500.480.780.930.250.40
EBITDA17.8516.908.959.3510.629.9332.8512.64
EBITDA margin+10.4%+10.8%+6.2%+6.9%+8.0%+8.0%+20.5%+9.6%
Depreciation5.204.994.984.894.544.254.164.05
Interest4.163.964.003.863.543.393.252.94
Profit before tax8.868.410.471.083.323.2225.696.05
Tax2.494.211.800.221.361.476.241.66
Net profit6.374.20(1.33)0.861.961.7519.454.39
EPS (β‚Ή)11.957.87(2.51)1.603.673.2836.468.22
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue526534462451388280349
Revenue growth-1.5%+15.7%+2.4%+16.2%+38.9%-19.8%-
EBITDA40.6670.4348.4525.0923.0616.7318.70
EBITDA margin+7.7%+13.2%+10.5%+5.6%+5.9%+6.0%+5.4%
Profit before tax13.7550.0331.1311.567.440.67(2.25)
Net profit10.6338.4425.629.836.330.683.00
Net profit margin+2.0%+7.2%+5.6%+2.2%+1.6%+0.2%+0.9%
EPS (β‚Ή)16.7470.99177.8476.7143.3912.2722.49
Balance sheet
Total assets397342281235243208218
Net worth193200168148140136131
Total debt20113711085.2610071.7785.55
Cash & bank0.561.260.160.550.4113.808.43
Net working capital152141130110109103101
Cash flow
Cash from operations29.0847.8928.7225.871.8324.757.50
Cash from investing(58.98)(59.34)(43.64)(2.92)(38.34)0.79(11.63)
Cash from financing29.1912.5114.53(22.76)23.08(20.07)8.00
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue167156143133131119156129
Revenue growth (YoY)+27.9%+30.6%-8.2%+3.6%+2.6%-2.8%--
Other income0.681.100.891.131.391.521.160.91
Total expenses150139133124120109122116
EBITDA16.6916.339.599.7610.9710.3333.1913.15
EBITDA margin+10.0%+10.5%+6.7%+7.3%+8.4%+8.7%+21.3%+10.2%
Depreciation4.904.754.734.654.263.983.883.78
Interest4.073.854.013.693.353.173.072.66
Profit before tax8.408.831.742.554.754.7027.407.62
Tax2.574.011.810.201.351.466.081.79

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue172157145135132124160132
Revenue growth (YoY)+30.2%+26.7%-9.9%+1.9%+0.5%-1.9%--
Other income0.370.460.500.480.780.930.250.40
EBITDA17.8516.908.959.3510.629.9332.8512.64
EBITDA margin+10.4%+10.8%+6.2%+6.9%+8.0%+8.0%+20.5%+9.6%
Depreciation5.204.994.984.894.544.254.164.05
Interest4.163.964.003.863.543.393.252.94
Profit before tax8.868.410.471.083.323.2225.696.05
Tax2.494.211.800.221.361.476.241.66
Net profit6.374.20(1.33)0.861.961.7519.454.39
EPS (β‚Ή)11.957.87(2.51)1.603.673.2836.468.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue535550461451388280349
Revenue growth-2.8%+19.3%+2.3%+16.1%+38.8%-19.8%-
Other income2.681.361.619.521.161.870.64
Total expenses496482413426365263330
Employee cost61.5662.0854.4453.2047.6148.7760.78
EBITDA38.8568.0948.3224.7823.1816.9318.94
EBITDA margin+7.3%+12.4%+10.5%+5.5%+6.0%+6.1%+5.4%
Depreciation18.6616.0212.4712.5112.4012.6613.64
Interest14.7910.477.286.504.515.408.18
Profit before tax8.0842.9630.1815.297.430.74(2.24)
Tax4.8412.237.551.361.68(0.93)(5.22)
Net profit4.6031.2824.5113.496.310.722.88
Net profit margin+0.9%+5.7%+5.3%+3.0%+1.6%+0.3%+0.8%
EPS (β‚Ή)6.0457.57169.78104.6143.2012.5222.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.335.331.331.331.331.331.33
Reserves & surplus173186165146135130126
Shareholders' funds (net worth)178192167147136132127
Minority interest0.010.010.000.000.000.000.00
Secured loans20614611388.2999.6770.9385.16
Unsecured loans1.110.580.620.860.920.970.83
Total debt20814711389.1510171.9085.99
Total liabilities389343283238239204215
Assets
Gross block410351319251276255259
Net block227182160103122110122
Capital work in progress5.9327.331.0511.080.141.931.65
Investments13.581.641.7515.8315.330.170.66
Inventories51.8453.4449.1446.4153.4943.3646.77
Sundry debtors10910110670.6986.0163.9165.20
Cash & bank balances0.661.430.270.690.4413.838.44
Loans & advances42.7236.4216.5528.4713.9811.3320.48
Total current assets205192172146154132141
Total current liabilities58.7255.0646.6136.6342.5327.7738.33
Net working capital146137125110111105103
Total assets389343283238239204215
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(1.00)0.180.600.3013.748.254.40
Net cash from operating activities29.6144.5627.0125.131.5225.067.36
Net cash from investing activities(55.94)(61.25)(42.09)(5.45)(38.34)0.86(11.18)
Net cash from financing activities25.7717.7614.67(19.37)23.38(20.43)7.66
Net change in cash(0.56)1.07(0.42)0.30(13.44)5.493.84
Closing cash0.661.430.270.690.4413.838.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.8%+19.3%+2.3%+16.1%+38.8%-19.8%-
EBITDA growth-42.9%+40.9%+95.0%+6.9%+36.9%-10.6%-
PBT growth-81.2%+42.4%+97.4%+105.8%+904.1%+9998.0%-
Net income growth-85.3%+27.6%+81.7%+113.8%+776.4%-75.0%-
Revenue CAGR (3Y)+5.9%+12.3%+18.1%+9.0%+2.8%-2.3%+4.7%
EBITDA CAGR (3Y)+16.2%+43.2%+41.9%+9.4%-2.2%-2.7%-10.1%
Profitability & leverage
Net income margin+0.6%+5.6%+4.9%+3.1%+1.5%+0.6%+0.9%
Return on capital employed+6.9%+17.1%+14.4%+9.1%+5.8%+2.4%+2.9%
Return on net worth+2.5%+17.1%+14.4%+9.8%+4.7%+0.6%+2.3%
Debt / equity0.960.730.640.670.640.610.59
Long-term debt / equity0.340.170.120.130.100.080.06
Interest cover73.2520.1120.3152.9741.84126.46154.34
Efficiency & per share
Fixed asset turnover1.531.761.741.821.561.161.45
Inventory turnover11.0411.5110.359.618.536.609.00
Debtors turnover5.535.725.606.125.514.615.61
EPS (β‚Ή)6.0457.57169.78104.6143.2012.5222.26
Dividend per share (β‚Ή)3.5014.5037.5017.009.002.505.50
Book value per share (β‚Ή)334.43359.311,250.571,105.661,021.70986.88954.00
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue167156143133131119156129
Revenue growth (YoY)+27.9%+30.6%-8.2%+3.6%+2.6%-2.8%--
Other income0.681.100.891.131.391.521.160.91
Total expenses150139133124120109122116
EBITDA16.6916.339.599.7610.9710.3333.1913.15
EBITDA margin+10.0%+10.5%+6.7%+7.3%+8.4%+8.7%+21.3%+10.2%
Depreciation4.904.754.734.654.263.983.883.78
Interest4.073.854.013.693.353.173.072.66
Profit before tax8.408.831.742.554.754.7027.407.62
Tax2.574.011.810.201.351.466.081.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue526534462451388280349
Revenue growth-1.5%+15.7%+2.4%+16.2%+38.9%-19.8%-
Other income4.944.252.345.311.141.820.67
Total expenses485464413426365263330
Employee cost59.1259.7853.7452.7557.8948.4660.42
EBITDA40.6670.4348.4525.0923.0616.7318.70
EBITDA margin+7.7%+13.2%+10.5%+5.6%+5.9%+6.0%+5.4%
Depreciation17.6214.9212.0012.3812.2712.5313.49
Interest14.239.737.666.464.495.358.13
Profit before tax13.7550.0331.1311.567.440.67(2.25)
Tax4.8212.177.421.331.67(0.96)(5.25)
Net profit10.6338.4425.629.836.330.683.00
Net profit margin+2.0%+7.2%+5.6%+2.2%+1.6%+0.2%+0.9%
EPS (β‚Ή)16.7470.99177.8476.7143.3912.2722.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.335.331.331.331.331.331.33
Reserves & surplus187195167146139134130
Shareholders' funds (net worth)193200168148140136131
Secured loans20013710984.4099.0870.8084.72
Unsecured loans1.110.580.620.861.050.970.83
Total debt20113711085.2610071.7785.55
Total liabilities397342281235243208218
Assets
Gross block395336304247273251256
Net block215171147101120108120
Capital work in progress5.9327.171.055.350.141.931.65
Investments26.408.527.0420.9022.927.788.43
Inventories48.6549.9447.9445.5553.1343.2246.16
Sundry debtors11510210671.2785.5763.4564.97
Cash & bank balances0.561.260.160.550.4113.808.43
Loans & advances47.9142.0123.2428.7513.9611.3120.44
Total current assets212196177146153132140
Total current liabilities59.7154.8447.4336.5843.7928.8139.36
Net working capital152141130110109103101
Total assets397342281235243208218
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.120.070.460.2713.718.244.36
Net cash from operating activities29.0847.8928.7225.871.8324.757.50
Net cash from investing activities(58.98)(59.34)(43.64)(2.92)(38.34)0.79(11.63)
Net cash from financing activities29.1912.5114.53(22.76)23.08(20.07)8.00
Net change in cash(0.71)1.05(0.39)0.19(13.43)5.473.87
Closing cash0.561.260.160.550.4113.808.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.5%+15.7%+2.4%+16.2%+38.9%-19.8%-
EBITDA growth-42.3%+45.4%+93.1%+8.8%+37.8%-10.5%-
PBT growth-72.5%+60.7%+169.3%+55.4%+1010.5%+9998.0%-
Net income growth-72.4%+50.0%+160.6%+55.3%+830.9%-77.3%-
Revenue CAGR (3Y)+5.3%+11.2%+18.2%+9.0%+2.8%-2.3%+4.8%
EBITDA CAGR (3Y)+17.5%+45.1%+42.5%+10.3%-2.6%-4.2%-11.2%
Profitability & leverage
Net income margin+1.7%+7.1%+5.1%+2.3%+1.5%+0.6%+0.9%
Return on capital employed+8.2%+19.2%+15.0%+7.6%+5.7%+2.3%+2.8%
Return on net worth+5.4%+20.6%+15.0%+7.1%+4.6%+0.5%+2.3%
Debt / equity0.860.670.620.640.620.590.56
Long-term debt / equity0.300.140.100.110.100.070.05
Interest cover61.7617.5321.0250.8341.61127.38156.05
Efficiency & per share
Fixed asset turnover1.561.781.791.841.571.171.47
Inventory turnover11.5711.6810.589.728.546.649.09
Debtors turnover5.265.495.586.125.524.625.63
EPS (β‚Ή)16.7470.99177.8476.7143.3912.2722.49
Dividend per share (β‚Ή)3.5014.5037.5017.009.002.505.50
Book value per share (β‚Ή)361.28375.461,261.461,108.501,051.801,016.94984.38

Competitors of GRP

GRP has 3 listed competitors in our database. They include Innova Rubbers, Fores Group and Sankar Elastomers.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
innovarubbers.com1968Nashik, India335
Manufactures and supplies rubber moulded parts to tier-1 clients.
foreselastomech.com2007Aurangabad, India186
Manufactures technical rubber components for automotive and other industries globally.
elastomersindia.com1990Chennai, India29
Manufactures and supplies rubber products to OEMs with reliable quality.
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Detailed competitors of GRP

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Web traffic of GRP

The website of GRP (grpweb.com) receives about 3.4K visits a month.

  • Monthly visits
    3.4K

    ▲ 10.7% vs previous month

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Top companies in Automotive Manufacturing & Components

3 companies that operate in the same segment as GRP (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electrical and electronic parts for automobiles are provided by SEDEMAC.
2007Pune, Maharashtra, IndiaUSD 26.22 MUSD 32.69 M415
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
1994Mumbai, Maharashtra, IndiaUSD 137.89 MUSD 24.41 B33,980
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, IndiaUSD 34.18 M177
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Related news about Grp

GRPLTD: Q2 REVENUE 1.67B RUPEES VS 1.3B (YOY)
Exchange Update β€’ 15 days ago
GRPLTD: Q2 SL NET PROFIT 58M RUPEES VS 34M (YOY)
Exchange Update β€’ 15 days ago
GRPLTD: Q2 EBITDA 167M RUPEES VS 110M (YOY); Q2 EBITDA MARGIN 9.99% VS 8.40% (YOY)
Exchange Update β€’ 15 days ago
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Frequently Asked Questions about GRP

GRP was founded in 1974.

GRP is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

GRP has 416 employees.

The primary company behind GRP, Grp Limited, reported revenue of β‚Ή538 Cr for FY 2026, down 3% year on year.

GRP Ltd, established in 1974, is engaged in the production of reclaimed rubber from end-of-life tyres, engineering plastics from nylon waste, and other sustainable materials like repurposed polyolefins and polymer composites. The company operates across five business verticals, including Reclaim Rubber and Custom Die Forms, serving the global polymer industry. With seven manufacturing units in India, solutions are provided to enhance sustainability by reducing CO2 emissions and recycling materials for tyre and non-tyre applications. Sectors such as logistics, construction, and agriculture are supported through innovative, cost-effective products.

GRP's top competitors include Fores Group, Innova Rubbers and Sankar Elastomers.

GRP offers Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, Polymer Composite, and Custom Die Forms.

Yes, GRP is publicly traded on NSE under the ticker symbol GRPLTD.

GRP operates through Grp Limited.

The legal entities of GRP currently have 8 directors, including Saurabh Surendra Shah, Rajendra Vadilal Gandhi, Hemal Harsh Gandhi and others.

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