---
title: "Gayatri Rubbers and Chemicals Ltd (GRCL) — Share Price, Financials & Analysis"
symbol: "GRCL"
company: "Gayatri Rubbers and Chemicals Ltd"
canonical: "https://tapetide.com/stocks/GRCL"
isin: "INE0LVM01018"
nse_symbol: "GRCL"
sector: "Industrial Products"
industry: "Rubber Products"
market_cap_cr: 338.54
generated_at: "2026-09-13T19:36:22.862Z"
---

# Gayatri Rubbers and Chemicals Ltd (GRCL)

Canonical page: https://tapetide.com/stocks/GRCL

## Company

- **NSE Symbol:** GRCL
- **ISIN:** INE0LVM01018
- **Sector:** Industrial Products
- **Industry:** Rubber Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-02-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gayatrirubberchemicals.com

## About

Incorporated in 2022, Gayatri Rubbers and Chemicals Ltd is in the business 
of rubber manufacturing and trading[1]

## Latest Price

- **Price:** ₹577.5
- **Change:** +15.4 (+2.74%)
- **Open:** ₹590
- **Day High:** ₹590
- **Day Low:** ₹570
- **Previous Close:** ₹562.1
- **Volume:** 1750
- **As Of:** 2026-09-11T09:56:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:32.789411Z.

- **Market Cap:** ₹338.54 Cr
- **Classification:** SME
- **P/E (reported):** 57.7
- **Book Value:** ₹34.34
- **Price to Book:** 16.37
- **Dividend Yield:** 0%
- **ROE:** 28.36%
- **ROCE:** 40.56%
- **Debt to Equity:** 0.35
- **Revenue (yearly):** ₹41.8 Cr
- **Net Income:** ₹5.6 Cr
- **EBITDA:** ₹8.8 Cr
- **52-Week High:** ₹629.2
- **52-Week Low:** ₹306.65
- **RSI (14):** 51.07

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 95%
- **Data coverage:** 90%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 73.55 | 9% |
| growth | 81.52 | 9% |
| momentum | 97.06 | 12% |
| ownership | 53.04 | 24% |
| quality | 55.16 | 22% |
| valuation | 19.69 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 16.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 110.88% | 151.61% | -89.68% |
| ebitda margin growth | 200% | 42.44% | 86.98% | 247.78% |
| net income growth | 100% | 100% | 83% | — |
| revenue growth | 5.66% | 30.62% | 23% | 20.29% |
| roce | — | 40.54% | 96.51% | 24.17% |
| roe | — | 40.6% | 20.79% | 139.12% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.3 | 10.91 | 10.78 | 13.63 | 13.64 | 18.27 | 17.31 | 24.48 |
| Expenses | 10.52 | 10.04 | 9.76 | 11.92 | 11.57 | 15.65 | 13.32 | 19.67 |
| Operating Profit | 0.78 | 0.87 | 1.02 | 1.71 | 2.07 | 2.62 | 3.99 | 4.81 |
| OPM % | 6.9 | 7.97 | 9.46 | 12.55 | 15.18 | 14.34 | 23.05 | 19.65 |
| Other Income | 0 | 0 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 |
| Interest | 0.12 | 0.08 | 0.08 | 0.24 | 0.16 | 0.27 | 0.29 | 0.37 |
| Depreciation | 0.17 | 0.04 | 0.14 | 0.2 | 0.22 | 0.26 | 0.25 | 0.36 |
| Profit before tax | 0.49 | 0.75 | 0.81 | 1.29 | 1.71 | 2.12 | 3.47 | 4.09 |
| Tax % | 24.49 | 25.33 | 23.46 | 26.36 | 25.15 | 25.94 | 24.21 | 27.63 |
| Net Profit | 0.37 | 0.55 | 0.61 | 0.95 | 1.27 | 1.58 | 2.63 | 2.95 |
| EPS in Rs | 0.88 | 0.96 | 1.06 | 1.66 | 2.21 | 2.75 | 4.58 | 5.14 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2022 8m | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 16.65 | 22.21 | 24.41 | 31.91 | 41.79 |
| Expenses | 15.59 | 20.48 | 21.68 | 27.22 | 32.98 |
| Operating Profit | 1.06 | 1.73 | 2.73 | 4.69 | 8.81 |
| OPM % | 6.37 | 7.79 | 11.18 | 14.7 | 21.08 |
| Other Income | 0 | 0 | 0.03 | 0.05 | 0.03 |
| Interest | 0.21 | 0.28 | 0.32 | 0.43 | 0.67 |
| Depreciation | 0.14 | 0.21 | 0.35 | 0.48 | 0.62 |
| Profit before tax | 0.71 | 1.24 | 2.09 | 3.83 | 7.55 |
| Tax % | 22.54 | 25.81 | 25.36 | 25.59 | 26.09 |
| Net Profit | 0.55 | 0.91 | 1.56 | 2.85 | 5.59 |
| EPS in Rs | 1.31 | 1.59 | 2.72 | 4.97 | 9.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.21 | 5.74 | 5.74 | 5.74 | 5.74 |
| Reserves | 0.41 | 3.97 | 5.53 | 8.38 | 13.96 |
| Borrowings | 1.86 | 0 | 0.52 | 2.67 | 6.93 |
| Other Liabilities | 2.51 | 0.91 | 1.07 | 2.76 | 5.25 |
| Total Liabilities | 8.99 | 10.62 | 12.86 | 19.55 | 31.88 |
| Fixed Assets | 1.08 | 1.18 | 2.31 | 2.48 | 5.47 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7.91 | 9.44 | 10.55 | 17.07 | 26.41 |
| Total Assets | 8.99 | 10.62 | 12.86 | 19.55 | 31.88 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.55 | -5.21 | -0.31 | -1.47 | 0.16 |
| Cash from Investing Activity | -1.09 | -1.4 | -1.47 | -0.65 | -3.61 |
| Cash from Financing Activity | 0.23 | 8.6 | 0.2 | 1.73 | 3.59 |
| Net Cash Flow | 0.68 | 1.99 | -1.58 | -0.39 | 0.14 |
| Free Cash Flow | 0.46 | -6.61 | -1.78 | -2.12 | -3.45 |
| CFO/OP | 166 | -283 | 8 | -15 | 22 |

### Ratios

| Item | Dec 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 82.65 | 74.12 | 75.06 | 76.29 | 82.01 |
| Inventory Days | 67.74 | 47.92 | 84.08 | 151.15 | 210.22 |
| Days Payable | 56.33 | 8.9 | 9.92 | 31.8 | 45.97 |
| Cash Conversion Cycle | 94.06 | 113.14 | 149.22 | 195.64 | 246.26 |
| Working Capital Days | 76.73 | 105.18 | 132.03 | 138.63 | 121.58 |
| ROCE % | — | — | 22.42 | 29.81 | 37.86 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.37% | 73.37% | 73.37% | 73.37% | 73.37% | 73.56% | 74.03% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.03% | 25.86% | 25.86% | 25.84% | 25.85% | 25.66% | 25.17% |
| Others | 1.6% | 0.77% | 0.77% | 0.79% | 0.78% | 0.78% | 0.8% |
| No. of Shareholders | 169 | 111 | 123 | 188 | 194 | 231 | 224 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 7 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 571.61 | Buy |
| EMA (10) | 567.25 | Buy |
| SMA (20) | 555.47 | Buy |
| EMA (20) | 562.03 | Buy |
| SMA (50) | 566.28 | Buy |
| EMA (50) | 551.11 | Buy |
| SMA (100) | 519.65 | Buy |
| EMA (100) | 521.91 | Buy |
| SMA (200) | 450.93 | Buy |
| EMA (200) | 485.69 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.26 | Neutral |
| MACD (12,26,9) | 5.8 | Buy |
| Stochastic (14,3,3) | 37.2 | Neutral |
| ADX (14) | 22.02 | Neutral |
| Williams %R (14) | -57.59 | Neutral |
| ATR (14) | 21.16 | High Volatility |
| ROC (12) | 0.43 | Buy |
| Stoch RSI (14) | 49.41 | Neutral |
| UO (7,14,28) | 43.12 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May 2026 - GRCL becomes KSRTC vendor, wins ₹1.29 crore EPDM rubber glazing order, supplies by May 27. | [Press Release 8 May 2026 - GRCL becomes KSRTC vendor, wins ₹1.29 crore EPDM rubber glazing order, supplies by May 27.](https://nsearchives.nseindia.com/corporate/GRCL_08052026203153_Gayatri_Rubbers_and_Chemicals_Limited_KSRTC.pdf) |
| 8 May 2026 - Gayatri Rubbers bags ₹1.29 crore KSRTC order for Rubber Glazing EPDM, to execute by May 27, 2026. | [Bagging/Receiving of orders/contracts 8 May 2026 - Gayatri Rubbers bags ₹1.29 crore KSRTC order for Rubber Glazing EPDM, to execute by May 27, 2026.](https://nsearchives.nseindia.com/corporate/GRCL_08052026202947_Bagging_of_Order_Signed.pdf) |
| 8 May 2026 - FY26 revenue rose 30.85% to ₹41.82 crore; PAT nearly doubled to ₹5.59 crore. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 May 2026 - FY26 revenue rose 30.85% to ₹41.82 crore; PAT nearly doubled to ₹5.59 crore.](https://nsearchives.nseindia.com/corporate/GRCL_08052026145543_GRCL_TRANSCRIPT_Final.pdf) |
| 8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/GRCL_08072026141443_Intimation74_5___1_.pdf) |
| 8 Jul - Company states Regulation 27(2) quarterly corporate governance report is not applicable on NSE EMERGE SME. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 Jul - Company states Regulation 27(2) quarterly corporate governance report is not applicable on NSE EMERGE SME.](https://nsearchives.nseindia.com/corporate/GRCL_08072026162841_Non-applicabilityCG.pdf) |
| 8 April 2026 - Gayatri Rubbers launched silicon rubber mobile holders, securing first pilot order for Indian Railways on 8 April 2026. | [Press Release 8 April 2026 - Gayatri Rubbers launched silicon rubber mobile holders, securing first pilot order for Indian Railways on 8 April 2026.](https://nsearchives.nseindia.com/corporate/GRCL_08042026184156_GRCL_Silicon_Mobile_Holders_PR.pdf) |
| 7 April 2026 - Filed Regulation 74(5) certificate for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Filed Regulation 74(5) certificate for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/GRCL_07042026183721_Gayatri_Intimation_Reg_74_5__Signed.pdf) |
| 6 May 2026 - Uploaded audio-video recording of H2 and FY26 earnings conference call held May 5, 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 May 2026 - Uploaded audio-video recording of H2 and FY26 earnings conference call held May 5, 2026.](https://nsearchives.nseindia.com/corporate/GRCL_06052026111141_Post_earnings_signed.pdf) |
| 5 March 2026 - Virtual analyst/institutional investor meet on 9 March 2026, 2:00–3:00 PM at Bharat Connect Conference. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 March 2026 - Virtual analyst/institutional investor meet on 9 March 2026, 2:00–3:00 PM at Bharat Connect Conference.](https://nsearchives.nseindia.com/corporate/GRCL_05032026220601_Investor_Meet_Prior_Intimation_Signed.pdf) |
| 31 Aug - Board appointed M/s Akash & Co. as Secretarial Auditor for FY 2026-27 on August 31, 2026. | [Appointment 31 Aug - Board appointed M/s Akash & Co. as Secretarial Auditor for FY 2026-27 on August 31, 2026.](https://nsearchives.nseindia.com/corporate/GRCL_31082026143928_Auditor.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30914_GRCL_2025_2026_A_3379203_31082026183219.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28528_GRCL_2024_2025_A_2102017_05092025120936.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24833_GRCL_2023_2024_0608202415458.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22795_GRCL_2022_2023_17082023191021_08172023200000.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/GRCL_12112024152119_GRCLpresentation.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:22.862Z.