Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹329 Cr.
Stock P/E
115.6
P/B
16.7
Current Price
₹574
Book Value
₹ 34.3
Face Value
10
52W High
₹629.2
52W Low
₹ 306.7
Dividend Yield
—

Gayatri Rubbers&Chem Overview

Business

Gayatri Rubbers and Chemicals Ltd. (GRCL) is an Indian manufacturer specializing in a range of rubber products and chemicals. The company's core business involves the production of molded rubber components, rubber compounds, and other allied chemical products. They primarily cater to industrial clients across various sectors including automotive, construction, mining, general engineering, and other manufacturing industries. The company makes money by manufacturing these specialized rubber products and selling them to B2B customers based on their specifications and application requirements.

Revenue Mix

While specific revenue contribution percentages are not readily available without detailed financial reports, GRCL's primary offerings can be broadly categorized into:

Moulded Rubber Products: Custom-designed and manufactured rubber components for various industrial applications.

Rubber Compounds: Blended rubber formulations tailored for specific performance characteristics, often supplied to other rubber product manufacturers.

Allied Chemical Products: Related chemical inputs or compounds used in the rubber processing industry.

The company serves diverse end-use industries, suggesting a mix across industrial applications rather than a single dominant segment.

Industry

The Indian rubber products industry is diverse. While the tire sector is dominated by a few large players, the industrial and non-tire rubber products segment is more fragmented, comprising a mix of organized players and numerous small and medium enterprises (SMEs). GRCL operates within this non-tire segment, focusing on specialized industrial applications. Compared to large diversified rubber companies, GRCL likely positions itself as a niche player, offering custom solutions and compounds. Its standing would be among the mid-to-small tier manufacturers within the industrial rubber products space in India.

MOAT

GRCL's competitive advantages appear to be more subtle, likely stemming from:

Customer Relationships & Customization: For industrial clients, the ability to provide custom-designed products and compounds, meeting specific performance and quality requirements, can create stickiness.

Technical Expertise: Specialized knowledge in rubber compounding and molding processes required for various industrial applications.

Cost Efficiency (Potential): For mid-sized players, operational efficiency and competitive pricing can be a factor, though scale advantages might be limited compared to larger players.

A strong brand moat (like in consumer goods) or significant network/switching costs are less apparent in its B2B industrial focus.

Growth Drivers

Industrial & Infrastructure Growth: Robust growth in India's manufacturing, automotive, construction, and mining sectors will directly drive demand for industrial rubber products.

Increased Automation & Industrialization: As industries modernize and expand, the need for specialized rubber components in machinery and equipment will rise.

New Product Development: Expansion into new rubber product lines or specific chemical formulations to cater to evolving industry needs.

Export Opportunities: Potential for growth by tapping into international markets for specialized rubber components.

Government Initiatives: "Make in India" and infrastructure spending initiatives can boost domestic industrial demand.

Risks

Raw Material Price Volatility: Prices of natural rubber, synthetic rubber, and various chemicals are subject to global commodity market fluctuations, impacting profitability.

Economic Downturn: A slowdown in the automotive, construction, or general manufacturing sectors can significantly reduce demand for the company's products.

Intense Competition: The non-tire rubber products market is fragmented, leading to pricing pressures and competition from both organized and unorganized players.

Technological Obsolescence: Failure to innovate or adapt to new material science and manufacturing processes could impact competitiveness.

Regulatory Changes: Environmental regulations or changes in import/export policies could affect operations and costs.

Management & Ownership

Gayatri Rubbers and Chemicals Ltd. is typically promoter-driven, characteristic of many Indian SMEs. The promoters usually hold a significant stake, indicating a strong vested interest in the company's long-term performance. While specific details on individual management quality require deeper analysis of public statements and track records, such companies generally rely on the experience and vision of their founding families or core leadership team to navigate industry challenges and growth opportunities.

Outlook

Gayatri Rubbers and Chemicals Ltd. operates in a sector poised to benefit from India's broad industrial and infrastructure growth story. The demand for specialized rubber components is intrinsically linked to the expansion of manufacturing, automotive, and construction activities. The company's focus on customized industrial products and compounds provides a degree of insulation from the highly commoditized segments. However, its outlook is tempered by significant risks, particularly the volatility of raw material prices and intense competition within a fragmented market. Sustained growth will depend on GRCL's ability to manage costs, innovate in product offerings, strengthen customer relationships, and potentially expand its market reach.

Gayatri Rubbers&Chem Share Price

Live · NSE · Inception: 2022
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Gayatri Rubbers&Chem Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Gayatri Rubbers&Chem Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 22 24 32
Other Income 0 0 0
Total Income 22 24 32
Total Expenditure 20 22 27
Operating Profit 2 3 5
Interest 0 0 0
Depreciation 0 0 0
Exceptional Income / Expenses 0 0 0
Profit Before Tax 1 2 4
Provision for Tax 0 1 1
Profit After Tax 1 2 3
Adjustments 0 0 0
Profit After Adjustments 1 2 3
Adjusted Earnings Per Share 1.6 2.7 5

Gayatri Rubbers&Chem Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 10 11 14
Minority's Interest 0 0 0
Borrowings 0 0 1
Other Non-Current Liabilities -0 -0 0
Total Current Liabilities 1 1 5
Total Liabilities 11 13 19
Fixed Assets 1 2 2
Other Non-Current Assets 0 0 0
Total Current Assets 9 10 17
Total Assets 11 13 19

Gayatri Rubbers&Chem Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 2 0
Cash Flow from Operating Activities -5 -0 0
Cash Flow from Investing Activities -1 -1 -1
Cash Flow from Financing Activities 9 0 -0
Net Cash Inflow / Outflow 2 -2 -0
Closing Cash & Cash Equivalent 2 0 0

Gayatri Rubbers&Chem Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.59 2.72 4.96
CEPS(Rs) 1.96 3.32 5.8
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 16.92 19.64 24.6
Core EBITDA Margin(%) 7.78 11.21 14.68
EBIT Margin(%) 6.81 9.9 13.35
Pre Tax Margin(%) 5.55 8.58 12.01
PAT Margin (%) 4.11 6.39 8.92
Cash Profit Margin (%) 5.08 7.81 10.42
ROA(%) 8.6 13.3 17.62
ROE(%) 9.4 14.87 22.44
ROCE(%) 15.59 22.49 31.92
Receivable days 74.11 71.23 66.84
Inventory Days 41.57 53.75 83.72
Payable days 9.18 9.26 20.11
PER(x) 22.56 87.59 92.67
Price/Book(x) 2.12 12.13 18.7
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.84 5.6 8.3
EV/Core EBITDA(x) 10.77 49.48 55.87
Net Sales Growth(%) 0 9.93 30.71
EBIT Growth(%) 0 59.72 76.26
PAT Growth(%) 0 70.86 82.59
EPS Growth(%) 0 70.86 82.59
Debt/Equity(x) 0 0.05 0.06
Current Ratio(x) 10.19 8.96 3.54
Quick Ratio(x) 7.42 4.96 2.41
Interest Cover(x) 5.4 7.51 9.96
Total Debt/Mcap(x) 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +33% — — —
Operating Profit CAGR +67% — — —
PAT CAGR +50% — — —
Share Price CAGR +69% +63% — —
ROE Average +22% +16% +16% +16%
ROCE Average +32% +23% +23% +23%

Gayatri Rubbers&Chem Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 74.03 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 25.97 %
# Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 73.3773.3773.3773.3773.3773.5674.03
FII 0000000
DII 0000000
Public 26.6326.6326.6326.6326.6326.4425.97
Others 0000000
Total 100100100100100100100

Gayatri Rubbers&Chem Peer Comparison

Rubber Products Edit Columns

Gayatri Rubbers&Chem Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Gayatri Rubbers&Chem Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 9.26 to 20.11days.
  • Stock is trading at 16.7 times its book value.
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