GRP Limited (GRPLTD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-125.6%

-₹504.03

vs ₹1,969.00 price

Levered DCF

-₹1,238.15

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.65

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	310.38×	48.73×	38.43×	25.53×	32.29×	63.9×	27.65×	28.8×
P/B	5.6×	7.81×	5.22×	2.41×	1.37×	0.81×	0.65×	1.18×
P/S	1.87×	2.72×	1.9×	0.8×	0.49×	0.38×	0.24×	0.43×
EV / EBITDA	29.99×	24.12×	19.69×	12.96×	11.76×	9.05×	10.35×	8.93×
Gross margin	33.8%	53.9%	17.1%	32.2%	31.8%	32.1%	31.1%	12.3%
Operating margin	4.0%	42.6%	7.7%	0.8%	1.1%	0.3%	-0.3%	2.3%
Net margin	0.6%	5.6%	5.0%	3.1%	1.5%	0.6%	0.9%	1.5%
Current ratio	1.22×	1.18×	1.26×	1.61×	1.5×	1.58×	1.25×	1.28×
Debt / equity	1.16×	0.77×	0.68×	0.6×	0.74×	0.55×	0.68×	0.5×
Interest coverage	1.46×	22.4×	4.81×	0.54×	0.91×	0.19×	-0.25×	2.41×
Dividend yield	0.8%	0.3%	0.3%	0.3%	0.2%	0.0%	2.7%	0.1%
Payout ratio	240.1%	16.3%	10.0%	8.6%	6.0%	0.0%	73.6%	4.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.8%	16.0%	13.6%	9.5%	4.2%	1.3%	2.3%	4.1%
Return on invested capital	2.1%	47.0%	8.9%	1.3%	1.3%	0.4%	0.7%	2.8%
Return on assets	0.7%	7.5%	6.6%	4.9%	1.9%	0.7%	1.1%	2.2%
Free cash flow yield	-3.0%	-1.4%	-3.5%	-1.4%	-12.1%	20.1%	-5.7%	-0.5%
Earnings yield	0.3%	2.1%	2.6%	3.9%	3.1%	1.6%	3.6%	3.5%
Enterprise value	₹12.1B	₹16.4B	₹9.8B	₹4.4B	₹2.9B	₹1.6B	₹1.6B	₹2.1B
Net debt / EBITDA	5.14×	2.13×	2.26×	2.58×	4.12×	3.19×	5.06×	2.52×
Cash conversion cycle (days)	98	119	109	107	125	139	104	17