On 20 Nov 2025, GRP’s stock price reached Rs.1881, its lowest level in the past year, reflecting a continuation of recent downward momentum. Over the last two trading sessions, the stock has recorded a cumulative return of -3.63%, underperforming its sector by approximately 0.45% today. Notably, the stock has traded erratically, missing one trading day in the last 20 sessions, which adds to the uncertainty surrounding its price action.
GRP’s current trading position is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a sustained period of subdued price performance. This contrasts with the broader market, where the Sensex opened higher at 85,470.92 points, gaining 284.45 points (0.33%) and currently trading at 85,313.81, a new 52-week high. The Sensex’s bullish trend is supported by mega-cap stocks and a favourable alignment of its 50-day moving average above the 200-day moving average.
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Over the past year, GRP’s stock has recorded a return of -39.68%, significantly lagging behind the Sensex’s 9.97% gain and the BSE500’s 8.34% return. This underperformance is notable given the company’s sector and market environment. The stock’s 52-week high was Rs.3506.4, indicating a substantial decline from its peak.
Financial metrics reveal several factors contributing to the stock’s subdued performance. GRP’s Debt to EBITDA ratio stands at 2.56 times, indicating a relatively high leverage level that may constrain financial flexibility. The company’s ability to service debt is further highlighted by a Debt-Equity ratio of 1.12 times as of the half-year period, which is on the higher side for the Industrial Products sector.
Net sales have grown at an annual rate of 14.66% over the last five years, suggesting moderate top-line expansion. However, profitability metrics indicate challenges; the average Return on Capital Employed (ROCE) is 9.64%, reflecting limited profitability per unit of capital invested. The latest half-year results show a PAT of Rs.3.71 crore, which has declined by 46.08% compared to the previous period, while interest expenses for the nine months have risen by 41.00% to Rs.10.18 crore.
Despite these headwinds, operating profit has shown a robust annual growth rate of 103.51%, indicating some operational efficiency or cost management improvements. Nevertheless, the stock’s valuation appears expensive relative to its capital employed, with an Enterprise Value to Capital Employed ratio of 3.3 and a ROCE of 13.6 in the latest assessment. This valuation is discounted compared to peers’ average historical levels, reflecting market caution.
Domestic mutual funds hold no stake in GRP, which may reflect a cautious stance given the company’s financial profile and recent performance. This contrasts with the broader market where mutual funds have been active participants, especially in mega-cap stocks driving the Sensex’s gains.
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GRP’s stock has also experienced erratic trading patterns, including one non-trading day in the last 20 sessions, which may contribute to volatility and investor uncertainty. The stock’s day change today was -0.48%, further indicating subdued market sentiment.
In comparison, the Sensex’s current bullish momentum is supported by mega-cap stocks and a positive technical setup, with the 50-day moving average trading above the 200-day moving average. This divergence between GRP’s performance and the broader market highlights sector-specific or company-specific factors influencing the stock’s trajectory.
Overall, GRP’s fall to its 52-week low of Rs.1881 reflects a combination of financial leverage concerns, subdued profitability, and valuation considerations. While the company has demonstrated healthy long-term growth in operating profit, the stock’s price action and key financial ratios suggest ongoing challenges in aligning market valuation with fundamentals.
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