📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-07-30 20:34
0 analysed today
0
Today
133,620
All-time analysed
40,132
Positive
6,284
Negative
79,384
Neutral
7,752
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
13 announcements match the current filters (relevance ≥ 5).
GRP Ltd Q1 FY27: PAT Doubles to ₹4.2 Cr; Pyrova Revenue Potential Targeted at ₹250-300 Cr
GRP Limited reported a strong Q1 FY27 with consolidated revenue growing 26% YoY to ₹157.3 Cr and PAT more than doubling to ₹4.2 Cr. The company is successfully pivoting toward an integrated circular materials platform, with the Pyrova Energy segment achieving a critical 25-day continuous reactor run milestone in July 2026. Management has provided aggressive guidance, targeting 20% volume growth in Reclaim Rubber for FY27 and a future revenue potential of ₹250-300 Cr from the Pyrova segment alone as it scales.
Confidence: HIGH
What changedThe company has transitioned from an investment phase to an operational ramp-up phase for its Pyrova Energy (tire pyrolysis) business, achieving technology stabilization.
Why it mattersThe projected revenue from the Pyrova segment (up to ₹300 Cr) is highly material, representing over 55% of the current TTM revenue, potentially transforming the company's scale and profitability profile.
Q1 FY27 Revenue: ₹157.3 CrPyrova Investment vs Net Worth: 47.4%Target Pyrova Revenue vs TTM Revenue: ~56%rCB Commissioning Date: October 2026Engineering Plastics Volume Growth: 27%
📅 Short termThe stock may react positively to the doubling of PAT and the management's confirmation that the pyrolysis technology has stabilized with a 25-day continuous run.
📈 Long termStructural growth is expected as the company integrates its rubber and plastic recycling verticals; the successful scaling of rCB could lead to significant margin re-rating by FY28.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High debt-to-equity ratio (1.05)
- Raw material price volatility
- Long gestation period for tire industry approvals for new rCB products
Key Highlights
Q1 FY27 Revenue increased 26% YoY to ₹157.3 Cr, driven by volume growth and improved realizations.
EBITDA grew 60% YoY to ₹17.4 Cr, with margins expanding 233 bps to 11% despite raw material inflation.
Cumulative investment in Pyrova Energy stands at ₹91 Cr, representing approximately 47% of the company's net worth.
Management targets Pyrova segment revenue of ₹250-300 Cr with 15-20% EBITDA margins upon maturity.
Recovered Carbon Black (rCB) plant commissioning is scheduled for October 2026, a key margin driver.
👀 What to Watch
Watch for the successful commissioning of the rCB plant in October 2026 and subsequent customer approvals from the tire industry, which are essential for achieving the projected 18-20% segment margins.
140% PAT Growth in Q1 FY27; Total Income Rises 26% to Rs 157.3 Cr
GRP Limited reported a strong start to FY27 with consolidated total income reaching Rs 157.3 Cr, a 26% YoY increase driven by 24% volume growth. Profitability saw a sharp recovery with PAT rising 140% YoY to Rs 4.2 Cr, nearly matching the entire previous TTM PAT of Rs 5 Cr in a single quarter. EBITDA margins expanded by 233 bps to 11.0% despite a 31% rise in raw material costs, aided by operating leverage and better realizations. The rubber recycling segment, which accounts for ~92% of standalone revenue, grew 34% YoY following the removal of US tariffs and recovery in export demand.
Confidence: HIGH
What changedThe company has transitioned from a period of margin pressure and export headwinds to strong volume-led growth and significant PAT recovery.
Why it mattersThe removal of US tariffs and the recovery in export demand are restoring core profitability, while the EPR regime is beginning to contribute high-margin income (Rs 4.9 Cr in Q1).
Q1 FY27 Total Income: Rs 157.3 CrQ1 FY27 PAT: Rs 4.2 CrEBITDA Margin: 11.0%Pyrova Energy Capex: Rs 91 CrQ1 Revenue vs TTM Revenue: 29.6%
📅 Short termThe sharp jump in PAT and margin expansion are likely to be viewed positively by the market in the coming weeks.
📈 Long termStructural growth is supported by the EPR (Extended Producer Responsibility) regime and capacity expansion in reclaimed rubber and carbon black, aiming for a circular economy model.
⚠ Risk flags
- Raw material inflation (select rubber grades up 31% YoY)
- High debt-to-equity ratio of 1.05
- High revenue concentration in the tire industry (65-70%)
Key Highlights
Consolidated PAT surged 140% YoY to Rs 4.2 Cr in Q1 FY27 compared to Rs 1.7 Cr in Q1 FY26
Total income grew 26% YoY to Rs 157.3 Cr, supported by 24% volume growth and 5% improvement in realizations
Rubber recycling segment revenue increased 34% YoY to Rs 143.7 Cr, with export volumes up 20%
Cumulative capital expenditure for Pyrova Energy reached Rs 91 Cr as of June 30, 2026
Working capital cycle improved by 8 days to 86 days as of June 30, 2026, from 94 days in March
👀 What to Watch
Investors should monitor the scaling of the Pyrova Energy unit and the commencement of recovered Carbon Black (rCB) production, which are key to long-term margin expansion.
GRP Ltd Q1 Results: Net Profit Jumps 140% YoY to ₹4.20 Cr; Revenue Up 27% YoY
GRP Limited reported a strong performance for Q1 FY27, with consolidated revenue rising 26.7% YoY to ₹156.83 Cr. The company achieved a significant turnaround from a net loss of ₹1.34 Cr in the previous quarter (Mar 2026) to a net profit of ₹4.20 Cr. This single quarter's profit represents approximately 84% of the total TTM PAT, indicating a sharp recovery in margins. The Rubber Recycling segment continues to be the primary driver, contributing 95% of gross revenue.
Confidence: HIGH
What changedThe company has returned to profitability with a sharp 140% YoY increase in PAT and a sequential turnaround from a loss-making Q4 FY26.
Why it mattersThe strong Q1 performance, where PAT nearly matches the entire previous TTM PAT, suggests a significant improvement in operational efficiency or favorable raw material pricing in the reclaimed rubber market.
Q1 Consolidated Revenue: ₹156.83 CrQ1 Net Profit: ₹4.20 CrQ1 EPS: ₹7.87Q1 PAT vs TTM PAT: ~84%Rubber Recycling Segment Revenue: ₹149.57 Cr
📅 Short termThe stock is likely to react positively in the short term due to the substantial YoY profit growth and the sequential turnaround from a loss.
📈 Long termLong-term value depends on the company's ability to scale its non-tire segments and the successful execution of its capacity expansion in rubber crumbs to diversify its 70% revenue concentration in the tire industry.
⚠ Risk flags
- High revenue concentration (70%) in the tire industry
- Susceptibility to global ocean freight rates and US tariff barriers
- Debt-to-Equity ratio remains relatively high at 1.05
Key Highlights
Consolidated Revenue from Operations grew 26.7% YoY to ₹156.83 Cr from ₹123.75 Cr.
Net Profit increased 140% YoY to ₹4.20 Cr compared to ₹1.75 Cr in the same quarter last year.
Rubber Recycling segment revenue reached ₹149.57 Cr, up from ₹115.26 Cr YoY.
Achieved a turnaround from a net loss of ₹1.34 Cr in the immediate preceding quarter (Mar 2026).
Granted 52,530 stock options under ESOS-2024 at an exercise price of ₹1,756 per share.
👀 What to Watch
Investors should monitor if the improved profitability is sustainable across coming quarters, specifically watching the 'Others' segment (Engineering Plastics) which showed a profit of ₹2.20 Cr vs a loss in the previous quarter. Track the progress of the planned ₹50-60 Cr annual capex for rubber crumbs.
GRP Ltd Q4 PAT Surges 80% YoY to ₹9.10 Cr; Recommends ₹37.50 Final Dividend
GRP Limited reported a robust performance for Q4 FY24, with standalone Profit After Tax (PAT) jumping nearly 80% YoY to ₹909.95 lakhs despite flat revenue growth. For the full financial year 2023-24, consolidated PAT grew 30% to ₹1,995.32 lakhs compared to ₹1,532.14 lakhs in FY23. The company demonstrated significant margin improvement, with annual standalone EPS rising to ₹156.03 from ₹115.68. Reflecting this strong performance, the Board has recommended a high final dividend of ₹37.50 per equity share.
Key Highlights
Standalone PAT for Q4 FY24 rose 79.8% YoY to ₹909.95 lakhs from ₹505.85 lakhs.
Consolidated PAT for FY24 increased 30.2% to ₹1,995.32 lakhs.
Recommended a final dividend of ₹37.50 per share (375% of face value of ₹10).
Standalone EPS for the full year improved significantly to ₹156.03 from ₹115.68 in FY23.
Annual Standalone Revenue for FY24 stood at ₹42,356.51 lakhs.
👀 What to Watch
The significant jump in profitability and the generous dividend payout of ₹37.50 per share signal strong operational health and management confidence. Investors should maintain a positive outlook while monitoring the sustainability of these improved margins in the coming quarters.
GRP Ltd FY26 PAT Drops 85% to ₹46 Mn Amid US Tariffs and Higher Raw Material Costs
GRP Limited reported a challenging FY26 with consolidated total income declining 3% YoY to ₹5,380 Mn and PAT (excluding exceptional items) plunging 85% to ₹46 Mn. The company faced significant headwinds from US trade tariffs, which caused a 33% drop in reclaim revenues from key customers, alongside a 567 bps increase in raw material costs. Profitability was further weighed down by a ₹85 Mn loss in the newly commercialized Pyrova Energy segment and one-time closure costs of the Polymer Composite business. Despite the earnings hit, the company is proceeding with a ₹90-100 Cr capex plan for FY27 to expand its recycling and pyrolysis capacities.
Key Highlights
Consolidated EBITDA declined 38% YoY to ₹429 Mn, with margins shrinking from 13% to 8%.
US tariffs impacted reclaim revenues by 33% and raw material margins by 44% for key export customers.
Raw material costs for select reclaim rubber grades surged by approximately 43% during the fiscal year.
Recorded one-time exceptional expenses including ₹14 Mn for the new labor code and ₹7.9 Mn for business closure.
Ambitious expansion targets set to increase Pyrova Energy capacity from 39KTA to 130KTA by FY30.
👀 What to Watch
Investors should exercise caution as the company's core margins are under severe pressure from external trade policies and cost volatility. Monitor the successful ramp-up of the recovered Carbon Black (rCB) production in Q3 FY27 as a potential catalyst for margin recovery.
GRP Ltd FY26 Net Profit Drops 76% to ₹8.93 Cr; Recommends ₹3.50 Final Dividend
GRP Limited reported a weak set of financial results for FY26, with standalone net profit plunging approximately 76% to ₹8.93 crore from ₹37.86 crore in the previous fiscal year. The fourth quarter (Q4 FY26) was particularly concerning, as the company slipped into a marginal net loss of ₹7.81 lakhs compared to a profit of ₹21.31 crore in the same period last year. Despite the sharp decline in profitability, the Board has recommended a final dividend of ₹3.50 per share. Annual revenue also saw a slight contraction, falling to ₹526.06 crore from ₹534.27 crore.
Key Highlights
Recommended a final dividend of ₹3.50 (35%) per equity share of ₹10 face value.
Standalone Net Profit for FY26 fell sharply to ₹8.93 crore from ₹37.86 crore YoY.
Company reported a standalone net loss of ₹7.81 lakhs in Q4 FY26 vs a profit of ₹21.31 crore in Q4 FY25.
Annual Revenue from Operations decreased to ₹526.06 crore compared to ₹534.27 crore in the previous year.
Full-year Basic Earnings Per Share (EPS) eroded significantly to ₹16.74 from ₹70.99.
👀 What to Watch
Investors should exercise caution as the company has moved from high profitability to a quarterly loss, indicating severe margin pressure. The dividend provides a small yield, but the primary focus should be on understanding the operational headwinds that caused the 76% profit slump.
GRP Ltd FY26 Net Profit Plummets 76% to ₹8.93 Cr; Declares ₹3.50 Dividend per Share
GRP Limited reported a significant contraction in profitability for the financial year ended March 31, 2026, with standalone net profit dropping 76.4% to ₹8.93 crore from ₹37.86 crore in the previous year. The fourth quarter was particularly weak, with the company reporting a marginal net loss of ₹7.81 lakhs compared to a substantial profit of ₹21.31 crore in Q4 FY25. Annual revenue remained relatively stable with a minor 1.5% decline to ₹526.06 crore. Despite the sharp earnings decline, the board has recommended a dividend of ₹3.50 per share.
Key Highlights
Standalone Net Profit for FY26 fell sharply to ₹892.67 lakhs from ₹3,786.02 lakhs in FY25.
Q4 FY26 revenue from operations declined 8.2% YoY to ₹142.93 crore.
The company reported a standalone net loss of ₹7.81 lakhs in Q4 FY26 versus a profit of ₹21.31 crore in the same quarter last year.
Board recommended a dividend of ₹3.50 (35%) per equity share of ₹10 each for FY 2025-26.
Full-year Basic EPS dropped significantly to ₹16.74 from ₹70.99 in the previous financial year.
👀 What to Watch
Investors should be cautious as the sharp erosion in profitability and the Q4 loss indicate significant margin pressure or operational challenges. It is advisable to wait for management commentary on cost structures and recovery prospects before considering new positions.
GRP Ltd Q3 FY26: PAT Drops 49% to ₹2.3 Cr Amid US Tariff Pressures & Higher Costs
GRP Limited reported a marginal 2% YoY growth in Q3 FY26 total income to ₹135.2 crore, but adjusted PAT fell sharply by 49% to ₹2.3 crore due to high raw material costs and US tariff impacts. The company faced a 40% decline in export volumes to North America as tariffs hit competitiveness, though a recent reduction in US tariffs from 50% to 18% offers a positive outlook for future quarters. Management has prudently deferred the expansion of tyre pyrolysis and recovered carbon black facilities to August 2026 to ensure operational stability. Despite global headwinds, domestic reclaim rubber revenue grew 27% in Q3, helping offset some export weakness.
Key Highlights
Q3 FY26 Adjusted PAT declined 49% YoY to ₹2.3 crore, while total income grew marginally by 2% to ₹135.2 crore.
Export volumes to North America fell 40% YoY due to high tariffs, though recent reduction to 18% is expected to aid recovery from Q4.
Deferred commissioning of Tyre Pyrolysis and Recovered Carbon Black expansion to August 2026 for technical optimization.
Domestic reclaim rubber revenue saw strong growth of 27% YoY in Q3 FY26, increasing market share by 200 bps.
Invested ₹3 crore in a solar PPA expected to generate annual cost savings of ₹3-4 crore starting soon.
👀 What to Watch
Investors should monitor the recovery in export margins following the US tariff reduction and the stabilization of the new pyrolysis business. The stock may remain under pressure until the deferred expansion projects begin contributing to the bottom line in H2 FY27.
GRP Ltd Q3 FY26 PAT Drops 49% YoY to ₹23 Mn Amid Margin Pressure and Export Headwinds
GRP Limited reported a flat topline for Q3 FY26 with total income at ₹1,352 Mn, but faced significant bottom-line pressure as PAT (excluding exceptional items) fell 49% YoY to ₹23 Mn. The decline was primarily driven by a 383 bps contraction in gross margins due to 11% higher raw material costs and lower export volumes linked to US tariffs. While domestic reclaim rubber revenue grew 14%, the non-reclaim segment struggled with pricing pressures and sub-optimal utilization of new plants. The company is currently executing a ₹250 Cr capex plan, focusing on crumb rubber and pyrolysis to diversify its portfolio.
Key Highlights
Total Income for Q3 FY26 stood at ₹1,352 Mn, a marginal 2% increase YoY, while 9M FY26 income remained flat at ₹3,930 Mn.
EBITDA margins contracted by 153 bps to 8.3% due to rising input costs and a 45% decline in export margins for certain products.
Domestic Reclaim Rubber revenue grew 14% YoY, partially offsetting a 9% decline in export revenues caused by geopolitical uncertainties and tariffs.
The company has incurred ₹76 Cr out of a planned ₹250 Cr capex for integrated facilities to manufacture Crumb rubber and Tyre Pyrolysis Oil.
A one-time exceptional expense of ₹14 Mn was recorded during the quarter on account of the New Labour Code implementation.
👀 What to Watch
Investors should closely monitor the ramp-up of the new pyrolysis and crumb rubber facilities, as their current sub-optimal utilization is dragging down overall profitability. The recent reduction in US tariffs to 18% and expected solar energy savings of ₹3-4 Cr per annum from Q2 FY27 are potential catalysts for margin recovery.
GRP Ltd Q3 Net Profit Drops 59% YoY to ₹2.36 Cr; Board Cancels Proposed QIP
GRP Limited reported a significant decline in profitability for the quarter ended December 31, 2025, with standalone net profit falling to ₹2.36 crore from ₹5.82 crore in the same period last year. While revenue from operations saw a modest YoY growth of 3.6% to ₹133.31 crore, margins were heavily pressured by rising finance costs and a one-time exceptional charge of ₹1.40 crore related to new labour code provisions. Furthermore, the company has officially scrapped its proposed Qualified Institutional Placement (QIP) as the 365-day regulatory timeline for implementation has expired. The core Reclaim Rubber segment continues to drive the bulk of the revenue but faces margin compression.
Key Highlights
Standalone Revenue from Operations grew 3.6% YoY to ₹133.31 crore in Q3 FY26.
Net Profit plummeted 59.5% YoY to ₹2.36 crore compared to ₹5.82 crore in Q3 FY25.
Recorded an exceptional item of ₹1.40 crore as a one-time provision for employee benefits due to new Labour Codes.
Finance costs rose significantly to ₹3.69 crore from ₹2.66 crore in the year-ago quarter.
Board confirmed non-implementation of the proposed QIP due to the expiration of the 365-day validity period.
👀 What to Watch
Investors should exercise caution as the sharp decline in bottom-line performance and rising interest costs indicate significant margin pressure. The cancellation of the QIP may suggest either a change in capital expenditure plans or a failure to attract institutional interest at desired valuations.
GRP Limited Acquires 26% Stake in BECIS Solar 5 for Solar Power Procurement
GRP Limited has completed the first tranche of its investment in BECIS Solar 5 Private Limited to facilitate solar power procurement. The company was allotted 3,51,351 equity shares at a face value of Rs. 1 each with a nominal premium. This acquisition results in GRP Limited holding a 26% stake in the issued and paid-up share capital of BECIS. The total investment for this tranche amounts to Rs. 3,54,865, marking a strategic move towards green energy consumption.
Key Highlights
Acquired 26% stake in BECIS Solar 5 Private Limited for solar power procurement.
Allotted 3,51,351 fully paid-up equity shares at a total consideration of Rs. 3,54,865.
Shares were issued at a face value of Rs. 1 with a premium of Rs. 0.01 per share.
The transaction represents the completion of the first tranche of the investment plan.
👀 What to Watch
Investors should view this as a positive step toward ESG compliance and long-term energy cost reduction, though the immediate financial outlay is small. Monitor for further tranches and the resulting impact on operational power costs.
GRP Ltd Invests ₹5 Crore in Subsidiary GRP Circular Solutions to Fuel Growth
GRP Limited has infused ₹5 crore into its wholly-owned subsidiary, GRP Circular Solutions Limited (GCSL), through a rights issue of 50 lakh equity shares. GCSL, which operates in the recycled and compounded polypropylene sector, has shown explosive growth with turnover rising from ₹0.77 crore in FY24 to ₹19.75 crore in FY25. This capital infusion is intended to strengthen the subsidiary's financial position and support its expansion within the plastics recycling ecosystem. The parent company maintains its 100% stake in the subsidiary following this transaction.
Key Highlights
Subscription of 50,00,000 equity shares at ₹10 each, totaling ₹5 crore in cash.
Subsidiary turnover grew significantly from ₹0.77 crore in FY24 to ₹19.75 crore in FY25.
Investment aimed at meeting fund requirements and empowering future growth in the recycling ecosystem.
GRP Limited maintains 100% ownership of GCSL post-allotment.
GCSL was incorporated in August 2022 and has scaled operations rapidly within three years.
👀 What to Watch
Investors should monitor the scaling of GCSL as it becomes a more meaningful contributor to GRP's consolidated revenue. The rapid growth in the recycling segment aligns with global sustainability trends and could drive long-term value.
GRP Limited Credit Rating Downgraded by CRISIL
CRISIL has downgraded the credit rating for GRP Limited's bank facilities. The downgrade is attributed to the weakening of the company's business and financial risk profile due to trade tariffs impacting operating performance. The long-term rating has been downgraded to 'Crisil BBB+/Stable' from 'Crisil A-/Stable'. The short-term rating has also been downgraded to 'Crisil A2' from 'Crisil A2+'. The total bank loan facilities rated are ₹152.62 Crore.
Key Highlights
Long-Term Rating downgraded to Crisil BBB+/Stable from Crisil A-/Stable
Short-Term Rating downgraded to Crisil A2 from Crisil A2+
Total Bank Loan Facilities Rated: ₹152.62 Crore
Downgrade due to weakening business and financial risk profile
👀 What to Watch
Investors should closely monitor GRP Limited's operating performance and its ability to manage the impact of trade tariffs. Review your investment strategy considering the increased risk profile reflected in the credit rating downgrade.
