GRP Ltd (GRPLTD) Share Price & Fundamentals

What we do

GRP Ltd manufactures reclaimed rubber from end-of-life tyres and produces engineering plastics, custom die forms, and polymer composite products, also generating power via windmills.

Founded in

1,974

Market share

GRP holds about 20% share in India's domestic reclaim rubber market and 35% share in exports, serving global tyre and non-tyre industries.

Problem solved

GRP addresses waste tyre disposal by recycling scrap into sustainable materials, reducing landfill waste and carbon emissions.

Top clients or who we serve

Serves global tyre manufacturers including 8 of top 10 brands, automotive, furniture, transportation and electrical sectors in B2B market.

Key management

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Our journey and innovations

Incorporated in 1974, expanded from reclaim rubber to plastics and composites. ISO certifications gained; pioneered low-GHG reclaim technology; formed JV for tyre retreading; scaled crumb rubber and pyrolysis products.

Where we operate

Operates primarily in India across multiple manufacturing sites with exports to over 55 countries, including US and Europe.

Top products or what we offer

Reclaim rubber, crumb rubber, engineering plastics, custom die forms, polymer composites, tyre pyrolysis oil, recovered carbon black, and renewable energy solutions.

Top brands

GRP Reclaim Rubber - Market leader with low carbon footprint; Engineering Plastics - approved by global compounders; Newly launched ocean plastic range; Crumb Rubber facility at Solapur.

Raw materials needed

Scrap whole tyres, tread peelings, natural and butyl tubes, tyre cords, plastics waste, nylon feedstock.

Raw materials supplier

Sourced from over 350 vendors across 15+ countries and 20 Indian states including domestic and international suppliers.

Recurring vs cyclical contribution

Revenue is a mix of recurring recycled rubber and plastics sales with cyclical aspects tied to automotive and tyre industry demand.

Our industry position

A top integrated tyre recycling company in India, holding leadership in reclaim rubber, expanding in plastical recycling with strong export presence.

Financial highlights

FY25 revenue Rs.538.52 crore, up 16% YoY; PAT Rs.37.86 crore, up 60%; EBITDA Rs.74.68 crore; strong cash generation and investment in capacity expansion.

Geographical revenue split

Revenue split nearly equal with 51% exports mainly to US and Europe, and 49% domestic revenues within India.

Order book

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Whats driving growth

Growth fueled by rising sustainability demand, EPR regulations in India, capacity expansions, technological innovation, and global tyre industry trends.

Our future plans

Investing Rs.150 crore by Dec 2025 for capacity expansion in crumb rubber, pyrolysis and recycled plastics, plus renewable energy to cut costs and carbon footprint.

Our green promise

Targets 50% renewable energy by 2028; achieved 37% renewable usage; lowered Scope 1 & 2 emissions; zero liquid discharge; biofuel adoption; eco-friendly product lines.

Our people and values

~900 employees with focus on inclusion, safety, healthcare, skill development and 30% women workforce target by 2030; Employee Stock Option Program launched in 2024.

Key challenges ahead

Facing raw material price volatility, export market tariffs, competitive pressures in plastics, delayed capex execution, and evolving EPR regulations.

Interesting facts

India's largest single-line continuous reactor for crumb rubber; over 50 years of operations; first reclaim rubber maker with ISCC+ certification; strong global customer trust.

Risks and strategy

Mitigates raw material and market risks via diversification; focuses on technology upgrades, cost optimization, working capital management, and expanding domestic and global markets.