Grp Ltd · NSE:GRPLTD
Grp — Q2 FY2027 Earnings Presentation
41 slides from Grp's earnings presentation, Oct 28, 2026
Slide 1: Stock exchange covering letter
Dated: 28.10.2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001. Symbol : GRPLTD -Series: EQ Scrip code : 509152 Dear Sir / Madam, Subject : Investor Presentation
Slide 2: Investor Presentation October 2026
INVESTOR PRESENTATION October 2026 www.grpweb.com 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 Q2 & H1FY27
PERFORMANCE HIGHLIGHTS Q2 & H1FY27
Slide 5: Managing Director's Message
Managing Director’s Message Commenting on the Q2 & H1FY27 performance of the company Mr. Harsh Gandhi, Managing Director for GRP Limited said, “The quarter marks another step forward in our growth journey, with strong revenue growth and continuing momentum in profitability. Consolidated income grew
Slide 6: Q2FY27 Performance Highlights – Consolidated
Q2FY27 Performance Highlights – Consolidated (in Rs. Mn) Total Income EBITDA PAT +30% +60% +226% 1,727 182 64 1,331 114 20 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Gross Margins (%) EBITDA Margins (%) PAT Margins (%) +199 bps +222 bps -529 bps 51.1% 10.5% 3.7% 45.8% 8.6% 1.5% Q2FY26 Q2FY27 Q2FY26 Q
Slide 7: H1 Performance Highlights - Consolidated
H1 Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT +28% +60% +185% 3,300 356 106 2,578 222 37 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Gross Margins (%) EBITDA Margins (%) PAT Margins (%) +215 bps +177 bps -362 bps 50.6% 10.8% 3.2% 47.0% 8.6% 1.4% H1FY26 H1FY27 H1FY26 H1FY
Slide 8: Segment Wise Quarterly Performance Trend – Standalone
Segment Wise Quarterly Performance Trend – Standalone (in Rs. Mn) Rubber Recycling1 Others1 +27% +44% 1,437 1,525 145 1,228 1,309 121 119 1,205 101 105 494 646 768 526 706 Domestic 815 791 Exports 679 757 521 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Positive Negative Tot
Slide 9: Segment Wise Revenue Split – Standalone
Segment Wise Revenue Split – Standalone (in Rs. Mn) Rubber Recycling Others Revenue Spilt (%) +30% +19% 8% 2,963 264 221 2,277 Total Revenue +29% 3,226 92% H1FY26 H1FY27 H1FY26 H1FY27 2,498 Rubber Recycling Others Domestic Revenue Exports Revenue Geographical Spilt (%) +40% +19% H1FY26 H1FY27 1,678
Slide 10: Key Highlights
Key Highlights Consolidated operating revenue grew 29% YoY in H1 FY27, driven by 24% volume growth and a 4% increase in selling prices. EPR income stood at Rs. 11.51 Cr, including Rs. 1.49 Cr from Pyrova Energy, which began availing EPR benefits in Q2 FY27 following its registration. Renewable energ
Slide 11: Unlocking New Horizons Through Crumb Rubber, Pyrolysis, and rCB
Unlocking New Horizons Through Crumb Rubber, Pyrolysis, and Soon-to- Launch recovered Carbon Black A phased growth in Pyrova Energy Phase 1 (Oct 2025): • Commissioned India's largest single-line continuous reactor of 15KTPA • Commissioned Integrated Crumb Rubber Facility for Pyrova, Reclaim Rubber U
Slide 12: Towards An Integrated Sustainable Solutions Company
Towards An Integrated Sustainable Solutions Company EoL Tyre Processing EoL Plastics Processing Expansion of Reclaim Rubber Capacity 1 Capacity expansion in Engineering Plastics ▪ Phase wise expansion of Reclaim 3 Rubber using new technology ▪ Capacity expansion in Engineering plastics ▪ Expansion o
Slide 13: Profit & Loss Statement – Consolidated
Profit & Loss Statement – Consolidated Profit & Loss (Rs. Mn) Q2FY27 Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Revenue 1,723 1,324 30% 3,292 2,561 29% Other Income 4 8 8 17 Total Revenue 1,727 1,331 30% 3,300 2,578 28% Cost of Goods Sold 936 651 1,750 1,274 Gross Profit 791 680 16% 1,550 1,304 19% Gross Prof
Slide 14: Balance Sheet Statement – Consolidated
Balance Sheet Statement – Consolidated Liabilities (Rs. Mn) Sep-26 Mar-26 Assets (Rs. Mn) Sep-26 Mar-26 Equity Share Capital 53 53 Non-Current Assets 2,667 2,437 Other Equity 1,844 1,730 Property, Plant and Equipment 2,095 2,109 Equity attributable to owners of the Company 1,898 1,784 Capital work i
Slide 15: Company Overview
COMPANY OVERVIEW
Slide 16: 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 120000+* MTPA capacity Mumbai GRP MARKET LEADERSHIP REPUTABLE CUSTOMER BASE ESTABLISHED VENDO
Slide 17: 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 18: 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 19: 5 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 Infrastructure Industrial Belts Furniture Electrical Agricultural Polymer/Rubber Equipment Compounding www.grpweb.com 18
Slide 20: Maximizing the Use of End-of-Life Tyres Across Verticals
Maximizing the Use of End-of-Life Tyres Across Verticals Crumb Rubber 1 Tread Pyrova Energy Reclaim Rubber 2 Reclaim rubber Pyrova Energy Whole Tyre Sidewall Crumb Rubber Custom Die Forms Polyamide for Engineering Plastics 1 Tyre cord Fiber Polyamide for Engineering Plastics 1 Growth Emerging vertic
Slide 21: 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 8 strategically located manufacturing facilities across vendors 2011 | 1,15,960 sqm1 5 locations with a capacity of 120000+ MTPA 150+ Sourcing touchpoints Key Raw materials
Slide 22: 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 23: 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 24: Pyrova Energy and Custom Die Forms For Diverse Industries
Pyrova Energy and Custom Die Forms For Diverse Industries LINK MATS CRUMB RUBBER ▪ Installed for workplace safety to provide impact -- ▪ High-quality recycled rubber granules for use in absorption and grip at industrial sites infrastructure, sports surfaces, moulded rubber goods. VIBRATION PADS -- ▪
Slide 25: 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 26: 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 27: 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 28: 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 29: 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 : BBB+ ISO45001:2018 Short term loan : A2 AWARDS First Reclaim Rubber manufacturer to receive ISCC
Slide 30: 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 29
Slide 31: Paving the Way for Sustainability With Focus On ESG
Paving the Way for Sustainability With Focus On ESG Published our first Sustainability Report reinforcing our commitment to transparency and accountability Target of 30% women participation in workforce by 2030 50% Renewable energy target by 20282 HIGHLIGHTS 48%1 55%1 Zero Liquid Green Tech Energy n
Slide 32: 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 33: CSR - Leading Positive Initiatives For A Better Future
CSR - Leading Positive Initiatives For A Better Future At GRP, CSR contributes to 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 34: Growth Opportunities
GROWTH OPPORTUNITIES
Slide 35: 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 36: 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 37: Capitalizing on EPR Guidelines: Opportunities for Tire Recyclers
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 38: EPR In Plastic Packaging Overview: Producer
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 39: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Total Income EBITDA Profit After Tax (Rs. in Mn) (Rs. in Mn) (Rs. in Mn) 5,518 5,353 694 307 4,605 4,630 523 226 3,896 429 343 139 244 58 46 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26* www.grpweb.com Note: EBITDA Includes
Slide 40: Key Consolidated Financial Ratios
Key Consolidated 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% 7% 1,784 14% 1,667 1,474 5% 1,362 9% 9% 6% 5% 4% 2% 3% 1% FY22 FY23 FY24 FY25 FY26
Slide 41: Thank You!
THANK YOU! Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Ms. Shilpa Mehta Mr. Abhishek Shah / Mr. Dhruvil Jani Chief Financial Officer abhishek.shah@sgapl.net / dhruvil.jani@sgapl.net investor.relations@grpweb.com +91 99306 51660 / +91 97025 54569 www.