# GRP share price today (GRP Ltd, NSE: GRPLTD)

> GRP share price today: ₹1,817.65 at the NSE close on 30 October 2026, down 9.3% in a year. GRP (NSE: GRPLTD) trades at a P/E of 91.3 and has closed between ₹1,589.90 and ₹2,098.20 over the past 52 weeks. > GRP Ltd's share price has risen faster than its earnings: −9.3% in a year, against −89.5% for earnings per share. GRPLTD · Rubber Processing/Rubber Products · data as of 30 October 2026. Page: https://www.sectoralpha.in/stocks/grp-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹1,817.65 (−9.3% in a year)
- P/E: 91.3× (higher than 94% of the last 11 years)
- Revenue (Sep 2026): ₹172 Cr (+30.2% on a year ago)
- Profit (Sep 2026): ₹6.4 Cr (+225.5% on a year ago)
- Operating margin: 10.4% (+2.3 points on a year ago)
- ROCE: 7%, FY26
- ROIC: 5.3%, against a 12.0% cost of capital: −6.7 points

The main question: the share price moved −9.3% in a year while yearly earnings per share moved −89.5%. The difference came from the market paying a higher multiple. ## What is the GRP share price today? GRP Ltd's share price was ₹1,817.65 at the close on 30 October 2026. It has been falling for 2 weeks. That is 5.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,590 and ₹2,098, and at that close it sat 45% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running. Over the last 11 years the share price moved +650% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at GRP this quarter? One change stood out: highest quarterly revenue in 16 quarters. 1. Highest quarterly revenue in 16 quarters Revenue of ₹172 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Revenue hit its highest level in 16 quarters because reclaim rubber volumes held up and the Pyrova fuel business improved month by month. Next results: check whether sales stay high as the new Pyrova plant starts running and more plastic products get customer approval. From the earnings call on 30 Oct 2026. ## What are GRP's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), GRP reported revenue of ₹172 crore, up 30.2% from ₹132 crore a year earlier, and a profit of ₹6.38 crore, up 225.5% from ₹1.96 crore. ### GRP results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹172 crore | ₹132 crore | +30.2% |
| Profit | ₹6.38 crore | ₹1.96 crore | +225.5% |
| Earnings per share | ₹11.96 | ₹3.68 | +225.0% |
| Operating margin | 10.4% | 8.0% | +2.3 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). GRP's management discussed these results on a call held on 30 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the GRP share price history? GRP closed at ₹1,817.65 on 30 October 2026, down 9.3% from ₹2,004.60 a year earlier (31 October 2025) and up 657.2% over five years. Its highest weekly close since March 2016 was ₹4,342.00 on 16 August 2024. ### GRP share price: then and now

| When | Close | Change to 30 Oct 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,681.00 | +8.1% |
| 1 month ago · 1 Oct 2026 | ₹1,888.10 | −3.7% |
| 6 months ago · 30 Apr 2026 | ₹1,897.70 | −4.2% |
| 1 year ago · 31 Oct 2025 | ₹2,004.60 | −9.3% |
| 3 years ago · 27 Oct 2023 | ₹970.71 | +87.2% |
| 5 years ago · 29 Oct 2021 | ₹240.04 | +657.2% |
| 10 years ago · 30 Oct 2016 | ₹375.00 | +384.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹242.50 | +649.5% |
| Highest weekly close since March 2016 · 16 Aug 2024 | ₹4,342.00 | −58.1% |
| Lowest weekly close since March 2016 · 20 Mar 2020 | ₹136.25 | +1,234.1% |
| 52-week high (weekly close) · 31 Jul 2026 | ₹2,098.20 | −13.4% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹1,589.90 | +14.3% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 30 October 2026.)

## What is the latest news on GRP? 30 Oct 2026: GRP held its results call for July to September 2026. Management guided: Mid-teen operating margin for entire platform and Solapur location as scale and RCB arrive. 30 Oct 2026: GRP closed at ₹1,817.65, up 8.1% on the week and down 3.7% on the month. ### Earlier

- Results for July to September 2026: Revenue up 30.2% and profit up 225.5% on a year earlier. - 16 Jul 2026: ex-date for a dividend of ₹3.50 a share. - 12 Aug 2024: Bonus issue: 3 new shares for every 1 held (ex-date). ## What dividend does GRP pay? GRP paid ₹3.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.19% at the ₹1,817.65 close on 30 October 2026. The last was a dividend of ₹3.50 a share, ex-date 16 July 2026. ### GRP dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 16 Jul 2026 | ₹3.50 | Dividend |
| 18 Jul 2025 | ₹14.50 | Dividend |
| 26 Jul 2024 | ₹37.50 | Dividend |
| 28 Jul 2023 | ₹17 | Dividend |
| 11 Aug 2022 | ₹9 | Dividend |
| 4 Aug 2021 | ₹2.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. GRP Ltd paid out 58% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## What did GRP management say on the latest results call? On the call for July to September 2026, held on 30 October 2026, GRP's management guided: Mid-teen operating margin for entire platform and Solapur location as scale and RCB arrive. > “For two consecutive quarters, we have held EBITDA margins at around 11%, and we have done this while gross margins fell by 5 percentage points because of raw material inflation.”
> Harsh Gandhi, on the call for July to September 2026

### What management guided

- Plastics about 20% growth this year at 12-15% operating margin on compounding and specialty mix. - 15 KTPA RCB commercial plant at Solapur commissioning by December 2026. - Pyrolysis capacity 15 to 45 KTPA commissioned end-March to early-April 2027 with 30 to 60 day ramp for full Q2 next fiscal impact. - Pyrolysis needs near 95% utilization for uninterrupted runs with close to 2 times asset turns. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/1106-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What to watch in GRP's next results? When GRP reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: RCB move from pilot seeding to commercial start - confirm commissioning and first tire and non-tire customer qualifications. - What to check (from the call)
- RCB move from pilot seeding to commercial start - confirm commissioning and first tire and non-tire customer qualifications. - Plastics qualification to commercial conversion - confirm momentum sustains growth with stable margin band on value mix. ## Which stock lists is GRP on? GRP is not on any of our India lists this week. ## Is GRP profitable? GRP Ltd earned ₹6.4 Cr of net profit in the Sep 2026 quarter, +225.5% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹3.0 Cr. Over 10 years profit has grown −9.3% a year on average. That is 3.7% of the quarter's revenue. The same quarter a year earlier earned ₹2.0 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹3.0 Cr (−90.3% on the year before). Why profit moved: revenue changed +30.2% on a year earlier and the margin moved +2.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +44.5% and revenue +12.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does GRP make, and is it growing? GRP Ltd reported ₹172 Cr of revenue in the Sep 2026 quarter, +30.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 5.4% a year on average. The last full year, FY26, came in at ₹535 Cr. The last four reported quarters add to ₹608 Cr. FY26 revenue was ₹535 Cr, −2.7% on the year before. Recent pace: the last four quarters grew +12.2% on average, against 5.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.9%, against +9.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −63.4%, against −33.6% a year (rolling over). ## How much of every ₹100 of sales does GRP keep? GRP Ltd's operating margin was 10.4% in the Sep 2026 quarter, 2.3 percentage points higher than the same quarter a year ago. Across 13 years it has been between 5.0% and 13.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +2.3 percentage points on the year while gross margin changed −5.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is GRP's profit turning into cash? Over the last 3 years, 179% of GRP Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹30.0 Cr of operating cash against ₹3.0 Cr of profit. After ₹43.0 Cr of spending on assets, free cash was −₹13.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 179% of profit came in as cash: the cash cycle got 53 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 3.5× depreciation over three years. The next section checks what that spending is building. ## Where does GRP's cash go? GRP Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 105 days in FY26, down from 158 days in FY21. It spent ₹166 Cr on assets over the last 3 years. Customers take 75 days to pay, and stock sits for 69 days on average. At FY26 sales of ₹535 Cr, each day of that cycle ties up about ₹1.5 Cr, so roughly ₹154 Cr is tied up in the business at any time. FY26: customers took 75 days to pay and stock sat for 69 days, about 2.3 months of sales sitting as stock, for a full cycle of 105 days, shorter than FY21's 158. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 69 days. Customers pay about 75 days after that. Suppliers are paid at 38 days. Together that makes the 105-day cycle. Spending on assets: ₹166 Cr over the last 3 years, against ₹47.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is GRP's P/E ratio, and how does it compare with its own history? GRP Ltd's P/E is 91.3×, near the high end of its own history: higher than 94% of past readings. Its usual P/E (the middle reading) is 29.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹18.92. Why the multiple is where it is: over the past year earnings per share moved −89.5% while the price moved −9.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +49.9% a year; about +11.3% a year came from earnings growth and about +38.6 percentage points from the multiple (the market paying more); over 10 years the price moved +17.1% a year; about +3.1% a year came from earnings growth and about +14.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the GRP business getting better or worse? GRP Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −63.4% in the latest quarter, against +71.1% at its best in 12 quarters, with ROCE steady at 11.9%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does GRP earn on its capital? GRP Ltd earned a ROCE of 7% in FY26. That is up from a low of 2% in FY21. Its return on capital used (ROIC) is 6.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.6% net margin and 1.16× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 0.6% net margin × 1.16× asset turnover × 2.60× leverage (assets divided by equity) ≈ 1.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 5.3% − 12.0% = −6.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 5.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 2.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does GRP have too much debt? GRP Ltd has total debt of ₹220 Cr against shareholder equity of ₹190 Cr as of Sep 2026, so its debt is 1.16× its equity. Year by year, that ratio went from 0.74 in FY22 to 1.17 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the GRP shareholding pattern? No group of GRP Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved −0.2 points over the same period, to 40.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.3 points over 8 quarters, to 0.3%; Promoters: −0.2 points over 8 quarters, to 40.0%; Foreign institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is GRP from balance-sheet trouble? For GRP Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does GRP rank in its industry? 37.0 out of 100, rank 4 of 4 in Rubber Processing/Rubber Products, with 90% of the evidence available. GRP Ltd scores 37.0 out of 100 against the 4 companies it is compared with in Rubber Processing/Rubber Products, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.7 + 6 + 8.5 + 9.8 = 37. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is GRP compared with? GRP ranks 4 of 4 Rubber Processing/Rubber Products companies on the 4-Factor Sector Score, with 37.0 out of 100. 1. [Apcotex Industries Ltd](https://www.sectoralpha.in/stocks/apcotex-industries-ltd) APCOTEXIND · losing its lead · Sector-leading setup · 97% evidence 80.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.8/35 · Revenue 23.8% · Profit 100% · Operating margin change 0 points · 100% evidence Capital efficiency 20.0/25 · ROCE 19.8% · Operating margin 12% · 100% evidence Valuation 18.4/20 · P/E 14.2× · PEG 0.35 · 85% evidence Relative strength 10.8/20 · Lead over its industry 1.4% · Lead over NIFTY 500 7.2% · 1 year 34.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30.8 + 20 + 18.4 + 10.8 = 80 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Pix Transmission Ltd](https://www.sectoralpha.in/stocks/pix-transmission-ltd) PIXTRANS · leader · Most evidence points up · 93% evidence 73.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 4.3% · Profit 15.8% · Operating margin change 8 points · 88% evidence Capital efficiency 22.8/25 · ROCE 21.7% · Operating margin 31% · 100% evidence Valuation 14.2/20 · P/E 16.9× · PEG 0.48 · 85% evidence Relative strength 16.3/20 · Lead over its industry 0.8% · Lead over NIFTY 500 8.2% · 1 year 10.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 22.8 + 14.2 + 16.3 = 73.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Tinna Rubber & Infrastructure Ltd](https://www.sectoralpha.in/stocks/tinna-rubber-infrastructure-ltd) TINNARUBR · quiet · Most evidence points up · 97% evidence 70.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.2/35 · Revenue 21.3% · Profit 54.5% · Operating margin change 1 points · 100% evidence Capital efficiency 21.7/25 · ROCE 22.5% · Operating margin 19% · 100% evidence Valuation 14.5/20 · P/E 21.4× · PEG 0.87 · 85% evidence Relative strength 2.5/20 · Lead over its industry -6.2% · Lead over NIFTY 500 -0.1% · 1 year -17.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 32.2 + 21.7 + 14.5 + 2.5 = 70.9 · What this means: Earnings are strong; relative strength in its sector is -6.2% and the one-year return is -17.4%. 4. GRP Ltd this page GRPLTD · quiet · Evidence leans down · 90% evidence 37.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue 10.9% · Profit -63.4% · Operating margin change 2.3 points · 100% evidence Capital efficiency 6.0/25 · ROCE 6.9% · Operating margin 10.4% · 100% evidence Valuation 8.5/20 · P/E 91.3× · PEG 2.01 · 50% evidence Relative strength 9.8/20 · Lead over its industry -5.3% · Lead over NIFTY 500 2.6% · 1 year -9.3% · 100% evidence · 8 of 12 weeks ahead Exact sum: 12.7 + 6 + 8.5 + 9.8 = 37 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Rubber Processing/Rubber Products](https://www.sectoralpha.in/sectors/rubber-processing-rubber-products), all 4 compared on one page. ## Which companies are close to GRP in size? GRP is the 4th largest of 4 Rubber Processing/Rubber Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Apcotex Industries, Pix Transmission and Tinna Rubber & Infrastructure. It is the smallest. ### Rubber Processing/Rubber Products companies close in size

1. [Apcotex Industries Ltd](https://www.sectoralpha.in/stocks/apcotex-industries-ltd) ₹2,472 crore
2. [Pix Transmission Ltd](https://www.sectoralpha.in/stocks/pix-transmission-ltd) ₹2,229 crore
3. [Tinna Rubber & Infrastructure Ltd](https://www.sectoralpha.in/stocks/tinna-rubber-infrastructure-ltd) ₹1,436 crore
4. GRP Ltd ₹1,029 crore

[All 4 Rubber Processing/Rubber Products companies, largest first](https://www.sectoralpha.in/sectors/rubber-processing-rubber-products#all-companies)

### Companies close in size in other industries

1. [Bajaj Healthcare Ltd](https://www.sectoralpha.in/stocks/bajaj-healthcare-ltd) ₹1,031 crore · Pharma - Formulators
2. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) ₹1,031 crore · Realty - Regional
3. GRP Ltd ₹1,029 crore
4. [Unitech Ltd](https://www.sectoralpha.in/stocks/unitech-ltd) ₹1,028 crore · Miscellaneous
5. [Crest Ventures Ltd](https://www.sectoralpha.in/stocks/crest-ventures-ltd) ₹1,027 crore · Finance & Investments - Others

## What else do people ask about GRP? ### What were GRP's latest quarterly results? GRP Ltd reported revenue of ₹172 Cr and net profit of ₹6.4 Cr for the Sep 2026 quarter. Revenue rose 30.2% and profit rose 225.5% compared with a year earlier. Earnings per share were ₹11.96. The operating margin was 10.4%, 2.3 percentage points higher than a year earlier (as of 30 October 2026). ### What is GRP's market cap? GRP Ltd's market capitalisation is ₹1,029 Cr at a share price of ₹1,817.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 October 2026). ### How is GRP performing? GRP Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 30.2% and profit rose 225.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 30 October 2026). ### Will GRP's share price go up? This page does not forecast GRP Ltd's share price. What it shows instead: the share price is ₹1,817.65, and it has been falling for 2 weeks. Its P/E of 91.3× is higher than 94% of its own last 11 years (as of 30 October 2026). ### Who owns GRP? Promoters own 40.0% of GRP Ltd, foreign institutions 0.0%, domestic institutions 0.3% and the public 59.7% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 30 October 2026). ### Does GRP have too much debt? Yes, GRP Ltd has a lot of debt: its debt is 1.17× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹208 Cr against equity of ₹178 Cr. Keep that borrowing in mind when reading the returns on this page (as of 30 October 2026). ### Where is GRP in its business cycle? GRP Ltd's FY26 operating margin was 8.0%, against a 13-year range of 5.0% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 10.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 October 2026). ### What could break the GRP story? The main question: the share price moved −9.3% in a year while yearly earnings per share moved −89.5%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 October 2026). ### Is GRP a stock worth studying right now? What the numbers show: GRP Ltd's share price has risen faster than its earnings: −9.3% in a year, against −89.5% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 October 2026). ### Is there a GRP share price forecast for 2026? What management itself guided: Mid-teen operating margin for entire platform and Solapur location as scale and RCB arrive. This is research, not advice. We’re not SEBI-registered.