GRP Limited

BSE: 509152 NSE: GRPLTD
GRP Limited - manufacturing in Ankleshwar, Gujarat, India. FY 2026 financials & compliance.
CIN L25191GJ1974PLC002555 Incorporated 29 June 1974 ROC Ahmedabad HQ Ankleshwar, Gujarat, India
Active Listed - NSE: GRPLTD · BSE: 509152 Public Limited Company manufacturing
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

About GRP Limited

Data last updated:

GRP Limited is a public limited company based in Ankleshwar, Gujarat, India. It operates in the rubber and products segment of the manufacturing sector. It was incorporated on 29 June 1974 and has been in existence for over 52 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25191GJ1974PLC002555. Its GSTIN is 24AAACG1890M1ZH (Gujarat). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 509152 and NSE: GRPLTD.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.33 Cr. It was formerly known as Gujarat Reclaim and Rubber Products Ltd. It is led by directors including Harsh Gandhi (Managing Director) and Hemal Harsh Gandhi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No.8 GIDC Estate, Ankleshwar, Gujarat, India – 393002.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹535.33 Cr, a decline of 2.7% compared to the previous year. For the same year it recorded a net profit of ₹4.6 Cr (net margin 0.9%) and EBITDA of ₹38.85 Cr (EBITDA margin 7.3%). The net worth stands at ₹178.36 Cr (down 6.9% YoY). Total assets are valued at ₹389.08 Cr (up 13.5% YoY).

The company has about 852 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: GRP and GRP Limited. As per MCA filings, the company has open charges of ₹318.64 Cr and satisfied charges of ₹184.29 Cr on record. Court records list 53 cases involving the company, including 25 filed by the company and 28 filed against it; 19 cases are pending. The company has 34 deals on record (32 market trades, 1 acquisition, 1 debt financing), with disclosed funding of ₹134 Cr; the latest was in May 2026. Its 6 peer companies in the Manufacturing industry (Rubber Based Products), with the same principal business activity (manufacture of rubber and plastics products) are compared by revenue, 3 larger and 3 smaller; the largest is Datwyler Pharma Packaging India Private Limited with revenue of ₹884.78 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,178 overdue payments to 115 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grpweb.com.

Company details

CIN L25191GJ1974PLC002555
Registration Number 002555
Incorporation Date 29 June 1974
ROC Ahmedabad
Listing Status Listed - Listed on NSE (GRPLTD); Listed on BSE (509152)
Company Status Active
Compliance Status Active Compliant
Key People
Harsh Gandhi Managing Director Hemal Harsh Gandhi Whole-Time Director Saurabh Surendra Shah Director

Contact details

GRP Limited's registered office is in Ankleshwar, Gujarat. Its website is grpweb.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    grpweb.com
  • Social Media
  • Registered Address
    Plot No.8 GIDC Estate, Ankleshwar, Gujarat, India – 393002
  • Industry
    Manufacturing, Rubber & Products

To see the full contact details of GRP Limited, buy the company report.

Comprehensive company report
GRP Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

GRP operates two associated brands: GRP and GRP Limited. Each brand links to its own profile.

BrandDescriptionWebsite
GRP
Automotive rubber products are manufactured and supplied globally.grpweb.com
GRP Limited
GRP Limited is engaged in property development and industrial trading.grp.com.sg

Business activity

The main business activity of GRP is manufacturing. In detail, this covers manufacture of rubber and plastics products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing22Manufacture of rubber and plastics products

To see the full business activity and turnover split of GRP Limited, buy the company report.

Financials of GRP Limited

FY 2025-26 filings available

GRP Limited reported revenue of ₹535.33 Cr (down 2.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · 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 (₹)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 (₹)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 (₹)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 (₹)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 (₹)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 (₹)6.0457.57169.78104.6143.2012.5222.26
Dividend per share (₹)3.5014.5037.5017.009.002.505.50
Book value per share (₹)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 (₹)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 (₹)16.7470.99177.8476.7143.3912.2722.49
Dividend per share (₹)3.5014.5037.5017.009.002.505.50
Book value per share (₹)361.28375.461,261.461,108.501,051.801,016.94984.38

To see the full year-wise statements and ratios of GRP Limited, buy the company report.

Board of directors of GRP Limited

GRP has 7 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Saurabh Surendra Shah
Also directs: Aum Fund Advisors LLP, Aum Asset Advisors LLP
Director12 Sep 20179 Years 2 MonthsCurrent
Rajendra Vadilal Gandhi
Also directs: GRP Circular Solutions Limited, Enarjee Consultancy and Trading Company LLP, Transasia Bio-Medicals Limited and 1 more
Director01 Aug 201016 Years 3 MonthsCurrent
Hemal Harsh GandhiWhole-Time Director22 Aug 20224 Years 2 MonthsCurrent
Harsh Gandhi
Also directs: Ultramarine & Pigments Limited, Steelcast Limited, GRP Circular Solutions Limited and 1 more
Managing Director16 Jun 201214 Years 4 MonthsCurrent
Vivek Gul Asrani
Also directs: Cartrade Tech Limited, Om Pharmaceuticals Limited, Indo-Italian Furniture Company Private Limited and 3 more
Director22 Aug 20224 Years 2 MonthsCurrent
Anshul Mittal
Also directs: Manak Tradcom LLP, Mittal Aluminium Private Limited, Mittal Appliances Limited and 5 more
Director22 Aug 20224 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

GRP Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Rubber Based Products), with the same principal business activity (manufacture of rubber and plastics products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Datwyler Pharma Packaging India Private Limited₹884.78 Cr (FY 2025)14.0%Satara, Maharashtra, India
Garware Fulflex India Private Limited₹783.24 Cr (FY 2025)22.0%Mumbai, Maharashtra, India
Rubfila International Ltd₹556.54 Cr (FY 2025)17.0%Palakkad, Kerala, India
GRP Limitedthis company₹535.33 Cr (FY 2026)₹4.6 Cr0.9%-2.7%852Ankleshwar, Gujarat, India
Tinna Rubber and Infrastructure Limited₹509.83 Cr (FY 2025)40.0%New Delhi, Delhi, India
Thamarapally Rubber Co Private Ltd₹479.4 Cr (FY 2025)11.0%Kottayam, Kerala, India
Contitech India Private Limited₹469.33 Cr (FY 2025)25.0%New Delhi, Delhi, India

To see the full peer comparison of GRP Limited, buy the company report.

Auditor

GRP Limited is audited by Rajendra & Co. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Rajendra & Co.FY 2025108355W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 40.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 60.00%.

Promoters: 40.00%Retail & Others: 60.00%
Sep 2026
QUARTER
40.00% Promoters
60.00% Retail & Others
Promoter holding - history
Now 40.00% · Sep 2026High 40.10% · Dec 2025Low 40.00% · Sep 2026
39%39.8%40.5%41.3%42%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 40.10%Mar 2026: 40.10%Jun 2026: 40.10%Sep 2026: 40.00%40.10%40.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters40.00%40.10%40.10%40.10%
Public60.00%59.90%59.90%59.90%

Charges & borrowings

Open charges
₹318.64 Cr
Satisfied charges
₹184.29 Cr
Breakdown by lending institutions
Others₹190.64 Cr
Hdfc Bank Limited₹96.00 Cr
Citi Bank N.A.₹32.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Dec 2024101028098Others₹134 CrOpen
09 Jul 2024100955814Others₹12.5 CrOpen
06 Jan 2024100881346Others₹22.8 LakhOpen
28 Dec 2023100851586Others₹96 LakhOpen
01 Feb 2022100544267Hdfc Bank Limited₹16 CrOpen

To see the full charge records of GRP Limited, buy the company report.

Total charge records: 21 View all charges

Deals & funding

GRP Limited has 34 deals on record (32 market trades, 1 acquisition, 1 debt financing), with disclosed funding of ₹134 Cr; the latest was in May 2026.

Total deals
34
Market trades
32
Acquisition
1
Debt financing
1
Disclosed funding
₹134 Cr

Deals on record (5 of 34)

WhenDealAmountParties
May 2026Market trade₹20.86 CrBuyer: Bellwether Capital Private Limited
Seller: Bellwether Capital Private Limited , an individual
Oct 2025Market trade₹6.66 CrBuyer: Bellwether Capital Private Limited
Seller: Bellwether Capital Private Limited
May 2024Market trade₹5.16 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Dec 2022Acquisition₹10.32 CrBuyer: Arjuna Natural Private Limited
Seller: GRP Limited
Feb 2022Market trade₹1.14 CrSeller: Bellwether Capital Private Limited

To see the full deal history of GRP Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

GRP Limited was last rated by Crisil on 02 Jun 2020.

Rating agencyRated onRating
Crisil02 Jun 2020

To see the full credit ratings and regulatory alerts of GRP Limited, buy the company report.

MSME payment delays

GRP Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,178 overdue payments to 115 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 115)

SupplierAmount dueDue sinceReported on
an individual supplier
Fusion Rubber Industry
an individual supplier
Laxmi Hardware Aacfl4887a
an individual supplier

To see the full MSME payment records of GRP Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

GRP has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
GRP Circular Solutions LimitedU25190MH2022PLC388144

To see the full group structure of GRP Limited, buy the company report.

Employees & EPFO

GRP Limited has a workforce of 852 employees on its EPFO records as of May 2026, across 7 active EPFO establishments.

Employee count
852
Active EPFO establishments
7
Employee growth
-8.3%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27852
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17
FY 2009-10
FY 2008-09

To see the full employee and EPFO history of GRP Limited, buy the company report.

GST

GRP has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAACG1890M1ZHGujaratActive01 Jul 2017
27AAACG1890M1ZBMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of GRP Limited, buy the company report.

Recent activity

GRP Limited has 31 board changes on record since 1974: 19 appointments and 12 cessations. The latest: Belur Krishna Murthy Sethuram was appointed as Director on 09 May 2025.

Charges
A charge registered on 11 Nov 2022 via Charge ID 100645758 with Hdfc Bank Limited was fully satisfied on 29 Jun 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 5.00 Cr registered on 24 Mar 2021 with Charge ID 100435023 was modified on 03 Jun 2026.
Filing
Grp Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 42.95 Cr registered on 17 Dec 2021 with Charge ID 100518871 was modified on 03 Dec 2025.
Charges
A charge with Citi Bank N.A. of Rs. 32.00 Cr registered on 29 Jul 2011 with Charge ID 10305203 was modified on 03 Dec 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 75.00 Cr registered on 10 Feb 2006 with Charge ID 80007640 was modified on 03 Dec 2025.
AGM
Grp Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records.
Appointed
Belur Krishna Murthy Sethuram was appointed as Director.
Charges
A charge with Others of Rs. 134.00 Cr registered on 16 Dec 2024 with Charge ID 101028098 was modified on 24 Apr 2025.
Charges
A charge registered on 30 Oct 2019 via Charge ID 100298383 with Hdfc Bank Limited was fully satisfied on 18 Dec 2024.
Charges
A charge registered on 04 Aug 2015 via Charge ID 10588507 with Hdfc Bank Limited was fully satisfied on 18 Dec 2024.
Charges
A charge with Others amounted to Rs. 134.00 Cr with Charge ID 101028098 was registered on 16 Dec 2024.

68 earlier events are in the company report.

News

GRPLTD: Q2 REVENUE 1.67B RUPEES VS 1.3B (YOY)
28 Oct 2026 · Exchange Update
GRPLTD: Q2 SL NET PROFIT 58M RUPEES VS 34M (YOY)
28 Oct 2026 · Exchange Update
GRPLTD: Q2 EBITDA 167M RUPEES VS 110M (YOY); Q2 EBITDA MARGIN 9.99% VS 8.40% (YOY)
28 Oct 2026 · Exchange Update

Frequently asked questions

GRP is an active public limited company based in Ankleshwar, Gujarat, India. The company works in rubber and products, within the manufacturing industry. It was incorporated on 29 June 1974 (52+ years old) and is registered under CIN L25191GJ1974PLC002555. Listed on BSE: 509152 and NSE: GRPLTD.

GRP reported revenue of ₹535.33 Cr for FY 2025-26 (down 2.7% YoY) based on consolidated financials.

GRP has 7 current directors:

The latest financial statements of GRP on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of GRP is 24AAACG1890M1ZH, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACG1890M1ZB (Maharashtra).

The CIN (Corporate Identification Number) of GRP is L25191GJ1974PLC002555. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. GRP is a listed company as per MCA records. Its shares are listed on both BSE (code: 509152) and NSE (symbol: GRPLTD).

GRP has 53 court cases on record: 25 filed by the company and 28 filed against it. 19 are pending. Most are in the district courts.

GRP was incorporated on 29 June 1974, making it 52+ years old. It is registered with the Registrar of Companies, Ahmedabad.

GRP has 34 deals on record (32 market trades, 1 acquisition, 1 debt financing), with disclosed funding of ₹134 Cr; the latest was in May 2026.

The peers of GRP by revenue are Datwyler Pharma Packaging India Private Limited, Garware Fulflex India Private Limited, Rubfila International Ltd, Tinna Rubber and Infrastructure Limited, Thamarapally Rubber Co Private Ltd and 1 more, all in the Manufacturing industry (Rubber Based Products), with the same principal business activity (manufacture of rubber and plastics products).

Belur Krishna Murthy Sethuram was appointed as Director on 09 May 2025. Rajeev Mahendra Pandia ceased to be Director on 01 Apr 2024. Anshul Mittal was appointed as Director on 22 Aug 2022. GRP has 31 board changes on record in total.