Slide 1: Stock exchange cover letter for investor presentation
12.02.2026 To To BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ Dear Sir / Madam, Sub: Investor Presentation Pursuant to
Slide 2: Investor Presentation February 2026
INVESTOR PRESENTATION February 2026 www.grpweb.com 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and sh
Slide 4: Performance Highlights Q3 & 9MFY26
PERFORMANCE HIGHLIGHTS Q3 & 9MFY26
Slide 5: Managing Director's Message
Managing Director’s Message Commenting on the Q3 & 9MFY26 performance of the company Mr. Harsh Gandhi, Managing Director for GRP Limited Said, “Q3 FY26 unfolded against persistent macroeconomic and industry headwinds. Despite geopolitical uncertainties, we sustained topline stability, with total inc
Slide 6: Q3 Performance Highlights - Consolidated
Q3 Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT* +2% -14% -49% 1,327 1,352 130 44 112 23 *PAT & PAT Margins excludes impact from Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 exceptional item on account of Gross Margins (%) EBITDA Margins (%) PAT Margins* (%) New Labour Code
Slide 7: 9M Performance Highlights - Consolidated
9M Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT* 0% -8% -47% 3,912 3,930 363 113 335 60 *PAT & PAT Margins excludes 9MFY25 9MFY26 impact from 9MFY25 9MFY26 9MFY25 9MFY26 exceptional item on account of Gross Margins (%) EBITDA Margins (%) PAT Margins* (%) New Labour Code
Slide 8: Segment Wise Quarterly Performance Trend - Standalone
Segment Wise Quarterly Performance Trend - Standalone (in Rs. Mn) Reclaim Rubber Revenue Trend1 Non- Reclaim Revenue Trend1 +4% -1% 1,400 157 147 145 1,140 1,193 1,188 134 598 1,058 113 447 538 569 492 Domestic 693 801 655 Exports 566 619 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY2
Slide 9: Segment Wise Revenue Split - Standalone
Segment Wise Revenue Split – Standalone (in Rs. Mn) RR Revenue Non-RR Revenue Revenue Spilt (%) +2% -6% 10% 3,371 3,440 415 391 Total Revenue +1% 3,786 3,831 90% 9MFY25 9MFY26 9MFY25 9MFY26 RR Business Non-RR Revenue Domestic Revenue Exports Revenue Geographical Spilt (%) +14% 9MFY25 9MFY26 -9% 1,89
Slide 10: Key Highlights
Key Highlights EBITDA in the quarter was impacted by 11% higher RM costs in Reclaim, an adverse non-reclaim product mix, and a 45% export margin decline due to U.S. tariffs. This is expected to improve following the recent tariff reduction announcement. Costs in select rubber grades, which had impac
Slide 11: Strategic CAPEX Announcement: Investing in Future Growth and Operational Excellence
Strategic CAPEX Announcement : Investing in Future Growth and Operational Excellence KEY TAKEAWAYS Capex upto Rs 250 Crores - This investment will be executed in two phases over a period of three years ▪ The total funding requirement for these projects will be met through a combination of internal P
Slide 12: Unlocking New Tyre Recycling Horizons Through Crumb Rubber, Pyrolysis, and rCB
Unlocking New Tyre Recycling Horizons Through Crumb Rubber, Pyrolysis, and Soon-to-Launch recovered Carbon Black Capacity to process 30,000+ MT* crumb rubber annually (equivalent to nearly 2 million tyres recycled) India's largest single-line continuous reactor Located at Solapur Integrated facility
Slide 13: Profit & Loss Statement - Consolidated
Profit & Loss Statement - Consolidated Profit & Loss (Rs. Mn) Q3FY26 Q3FY25 Y-o-Y / Bps Q2FY26 Q-o-Q / Bps 9MFY26 9MFY25 Y-o-Y / Bps Revenue 1,347 1,323 2% 1,324 2% 3,908 3,901 0% Other Income 5 4 8 22 11 Total Revenue 1,352 1,327 2% 1,331 2% 3,930 3,912 0% Cost of Goods Sold 686 622 651 1,960 1,868
Slide 14: Company Overview
COMPANY OVERVIEW
Slide 15: GRP at a Glance
GRP Is A Marquee Scalable Integrated Polymer Recycling Company INCEPTION VALUE CHAIN MANUFACTURING EXPANSION CAPABILITIES 5 5 5 decades of excellence Business Verticals Strategic locations Head quartered in 1,22,000+* MTPA Mumbai capacity GRP MARKET LEADERSHIP REPUTABLE CUSTOMER BASE ESTABLISHED VEN
Slide 16: With Clear Vision And Values
With Clear Vision And Values… Company GRP is a sustainable materials producer that helps brand owners fulfil obligations for responsible use of end-of-life waste Our Vision The trusted global partner offering innovative sustainability solutions, committed to responsible value creation for all stakeh
Slide 17: 5 Decades Of Journey Towards An Integrated Recycling Platform
5 Decades Of Journey Towards An Integrated Recycling Platform 1974 1978 1984 1997 Gujarat Reclaim and 1st reclaim rubber Got its first ever Diversified into Rubber Products Limited unit established at export order Custom Die Forms was incorporated Ankleshwar 2014 2012 2011 2006 Diversified into 5th
Slide 18: Business Verticals And Diverse Customer Segments
Pioneering The Value Chain With 5 Business Verticals And Diverse Customer Segments… Business Verticals Key Customer segments Automotive Conveyor Automotive tyres Electrical Products Belts Transportation Polymer/Rubber Furniture Agricultural Equipment (Shipping & Trucking) Compounding www.grpweb.com
Slide 19: Maximizing the Use of End-of-Life Tyres Across Verticals
Maximizing the Use of End-of-Life Tyres Across Verticals Polymer Composite 1 Tread Crumb Rubber Reclaim Rubber 2 Reclaim rubber Crumb Rubber Whole Tyre Sidewall Custom Die Forms Polyamide for Engineering Plastics 1 Tyre cord Fiber Polyamide for Engineering Plastics 1 Growth Emerging verticals with s
Slide 20: Made In India For The World With Well-diversified Procurement Network
Made In India For The World With Well-diversified Procurement Network Solapur Sourcing Network 350+ domestic and international vendors 2011 | 1,15,960 sqm1 150+ Sourcing touchpoints Key Raw materials Ankleshwar from End of Life tyres, tubes, tyre cord, 15+ countries, fishnet, Post industrial 20+ Ind
Slide 21: Wide Range of Applications for Reclaim Rubber
Wide Range of Applications for Reclaim Rubber VALUE PROPOSITION ECONOMIC PROCESSING ENVIRONMENTAL • Cost-saving by replacing • Faster mixing cycle & • Provides alternative to hazardous, landfills virgin rubber & Carbon Black Improved extrusion rate • Substitutes natural rubber & crude based • Reduce
Slide 22: Advanced solutions for Engineering Plastics and Repurposed Polyolefins
Advanced solutions for Engineering Plastics and Repurposed Polyolefins ENGINEERING PLASTICS REPURPOSED POLYOLEFFINS POLYAMIDE 6 ▪ High quality engineering plastic, used in ICPP applications requiring superior mechanical • Used across various applications in the properties automotive and industrial s
Slide 23: Polymer Composite and Custom Die Forms For Diverse Industries
Polymer Composite and Custom Die Forms For Diverse Industries BOARDS ▪ Highly customizable boards include tongue and groove, lug boards, planks etc. LINK MATS ▪ Trailer decking application as an alternative to steel and wood leads to a 25% - -- -- ▪ Installed for workplace safety to provide impact 2
Slide 24: In-house R&D - Driving Innovation In Product, Process, and Application
In-house R&D - Driving Innovation In Product, Process, and Application GRP has developed an in-house R&D for Product, Process and Application Research Department of Scientific & Industrial Research Recognized Key Principles Product: Process: Application: Continuous development of new ``` Development
Slide 25: Key Growth Drivers
Limitless Possibilities In Waste To Wealth With Growing Market Globally RECLAIM RUBBER Reclaim Rubber Market 28mn vehicles are produced every year Global (USD Mn) RECOVERED CARBON BLACK CAGR: 11% 2,160 CAGR: 10% 190mn new tyres are available 1,272 in domestic market every year 1,046 CRUMB RUBBER Val
Slide 26: Significant Growth Opportunities in the Plastic Market
Significant Growth Opportunities in the Plastic Market Global Plastic Recycling Rate 10% Plastic waste generation (By Material) 19.0% Globally, around 400mn MTA of plastic waste is generated, 10.5% 10% of this is recycled 5.8% Rest is either incinerated or dumped into landfills or leaked 1.3% 0.8% 0
Slide 27: Well Entrenched Customer Relationships With Reputed Tyre And Non-tyre Customers
Well Entrenched Customer Relationships With Reputed Tyre And Non-tyre Customers 40+ Customers have been associated with GRP for >10 years in reclaim rubber percent www.grpweb.com The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only.
Slide 28: Celebrating Excellence: Awards and Accolades
Celebrating Excellence: Awards and Accolades Recognizing Our Achievements Recent inclusion to our achievements CERTIFICATIONS Crisil Rating IATF 16949:2016, ISO 9001:2015, ISO14001:2015, Long term loan : A- ISO45001:2018 Short term loan : A2+ AWARDS First Reclaim Rubber manufacturer to receive ISCC+
Slide 29: Distinguished Board of Directors
Distinguished Board of Directors Rajendra Gandhi Harsh Gandhi Hemal Gandhi Executive Chairman Managing Director Executive Director Saurabh Shah Anshul Mittal Vivek Asrani Belur Sethuram Independent Director Independent Director Independent Director Independent Director www.grpweb.com 28
Slide 30: Paving the Way for Sustainability With Focus On ESG
Paving the Way for Sustainability With Focus On ESG Voluntarily published Business Responsibility and Sustainability Report (BRSR) Target of 30% women participation in workforce by 2030 50% Renewable energy target by 20282 HIGHLIGHTS 59%1 Green Tech 37%1 Zero Liquid Investments Energy needs harnesse
Slide 31: Sustainable Development Goals (Adopted By GRP)
Sustainable Development Goals (Adopted By GRP) GRP believes in ‘giving back to the society and the planet’, it has shown a high level of engagement across following six out of the seventeen SDGs adopted by all UN member states to build a better world for people and planet Wellness initiatives Target
Slide 32: CSR - Leading Positive Initiatives For A Better Future
CSR - Leading Positive Initiatives For A Better Future At GRP, CSR contributes in shaping the ‘How’ and the ‘Why’ of almost every activity we undertake. Over the years, we are happy to have played a role in giving back to the community through our products as well as our CSR activities. We are grate
Slide 33: Growth Opportunities
GROWTH OPPORTUNITIES
Slide 34: Key Rights to Win: Strategic Advantages for Market Leadership
Key Rights to Win: Strategic Advantages for Market Leadership GRP has built a reputable recycling brand which is trusted by leading brand owners globally Trusted Global Recycling Brand in Reclaim Rubber Partnerships with leading Developed long-standing relationships with brand-owners leading brand-o
Slide 35: Future Growth Pillars For The Business Across The Value Chain
Future Growth Pillars For The Business Across The Value Chain To Drive Profitability GRP has established a reputable and scalable platform which can be leveraged to achieve the next level of growth 1 ▪ Leading companies globally have committed to achieve high sustainability targets in the near Deman
Slide 36: Capitalizing on EPR Guidelines: Opportunities for Tire Recycling Companies
Capitalizing on EPR Guidelines: Opportunities for Leading Tire Recycling Companies like GRP Recent government guidelines for implementation of EPR in the domestic market shall further boost the need for rubber recycling in India and open up a new revenue stream for players like GRP EPR Recycling Tar
Slide 37: EPR In Plastic Packaging Overview
EPR In Plastic Packaging Overview: Producer (Category - 1 Only) The Government guidelines which mandate rigid plastic packaging producers to recycle and incorporate recycled content in their products shall drive the demand for recycled polypropylene FY29 FY22 FY23 FY24 FY25 FY26 FY27 FY28 onwards 25
Slide 38: Historical Financial Performance
Historical Financial Performance Total Income EBITDA Profit After Tax (Rs. in Mn) (Rs. in Mn) (Rs. in Mn) +18% 5,518 694 307 4,605 4,630 +39% 523 226 3,896 +107% 2,816 343 139 244 188 58 17 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 www.grpweb.com Note: EBITDA Include
Slide 39: Key Financial Ratios
Key Financial Ratios Return on Capital Employed (%) Return on Equity (%) Return on Asset (%) EBIT/ (Debt + Equity) Networth (Rs In Mn) Net Profit / Networth Net Profit / Total Assets 16% 16% 7% 1,916 14% 14% 7% 1,667 1,474 5% 1,316 1,362 9% 9% 5% 4% 2% 3% 1% 1% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY2
Slide 40: Thank You!
THANK YOU! Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Ms. Shilpa Mehta Mr. Abhishek Shah / Mr. Vatsal Shah Chief Financial Officer abhishek.shah@sgapl.net / vatsal.shah@sgapl.net investor.relations@grpweb.com +91 99306 51660 / +91 88796 59884 www.gr