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GRPLTD

GRP Ltd

₹2404.45

GRP Ltd Results Summary

Revenue
₹123.43Cr
Net Profits
₹6.15Cr
Net Profit Margins
4.98%

Highlights

Revenue:

GRP Ltd’s revenue jumped 22.23% since last year same period to ₹123.43Cr in the Q2 2022-2023. On a quarterly growth basis, GRP Ltd has generated -0.66% fall in its revenue since last 3-months.

Net Profits:

GRP Ltd’s net profit jumped 82.49% since last year same period to ₹6.15Cr in the Q2 2022-2023. On a quarterly growth basis, GRP Ltd has generated 464.22% jump in its net profits since last 3-months.

Net Profit Margins:

GRP Ltd’s net profit margin jumped 49.3% since last year same period to 4.98% in the Q2 2022-2023. On a quarterly growth basis, GRP Ltd has generated 467.97% jump in its net profit margins since last 3-months.

Key Ratios

Key ratios of the GRP Ltd post its Q2 2022-2023 results

Earning Per Share (EPS)
77.65
Return on Equity (ROE)
4.6
Dividend Per Share (DPS)
9

Highlights

Earning Per Share (EPS):

GRP Ltd’s earning per share (EPS) jumped 15.02% since last year same period to 77.65 in the Q2 2022-2023. This indicates that the GRP Ltd has generated 15.02% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return On Equity (ROE):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. GRP Ltd’s return on equity (ROE) stands at 4.6.

Dividend Per Share (DPS):

GRP Ltd declared 9 dividend per share during the results announcement for Q1 2022-2023.

Company Information

Gujarat Reclaim and Rubber Products Ltd is engaged in producing 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. The company is having their manufacturing units located at Solapur in Maharashtra Ankleshwar and Panoli in Gujarat. They have one subsidiary company namely Grip Polymers Ltd.Gujarat Reclaim and Rubber Products Ltd was incorporated in the year 1974. In the year 1978 the company started production with a modest capacity of only 2400 MT at Ankleshwar in Gujarat. In the year 1984 they received their first export order. Also they increased the production by 2400 MT to 4800 MT.In the year 1986 the company set up a manufacturing unit at Solapur in Maharashtra. In the year 1991 they commenced production of Butyl Reclaim. In the year 1983 they commenced manufacture of surface treated crumb from Tyre crumb NBR crumb. In the year 1997 the company increased the production from 7200 MT to 12000 MT. Also they commenced production of products split and punched from waste tyres.In the year 1999 the company commenced production of EPDM reclaim. In the year 2001 their manufacturing unit at Ankleshwar received ISO 9002 certification. Also they installed a Captive Power plant during the year. During the year 200203 the company increased the production capacity of Reclaimed Crumb rubber from 13500 to 15300 MT. Also they received ISO 9001 certification for their manufacturing unit at Solapur. During the year 200304 they further increased the production capacity of Reclaimed Crumb rubber to 17100 MT. In the year 2004 the company was conferred the Export House status by the Government of India for their steady export growth and performance.During the year 200405 the company increased the production capacity of Reclaimed Crumb rubber from 17100 MT to 20700 MT. Also they received single ISO 9001 certification for both plants. During the year 200506 they further increased the production capacity of Reclaimed Crumb rubber to 27200 MT.During the year 200607 the company set up their third reclaim plant at Panoli in Gujarat. Thus the production capacity of Reclaimed Crumb rubber increased to 35200 MT. Also they received an integrated management system certification for ISO 9001 14001 from RWTUV for their Ankleshwar and Solapur manufacturing units.During the year 200708 the company increased the production capacity of Reclaimed Rubber from 35200 MT to 41000 MT. Also they started producing Crumb Rubber with the production capacity of 4800 MT. The company received an integrated management system certification for ISO 9001 14001 from RWTUV for their Panoli Plant. During the year 200910 the company increased the production capacity of Thermo Plastic Elastomers from 896 MT to 1200 MT. Also they acquired Windmill with the production capacity of 600 KWH in Gujarat. The company is expanding their operations and setting up new plants to take advantage of existing increased as well as fresh new demands of customers.

Organisation
GRP Ltd
Headquarters
Bharuch
Industry
Plantation & Plantation Products

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