GRPNSE:GRPLTD -0.86%78 Gross Margin % is 45.76% as of Mar. 2026, which is 43% above its 10-year median of 31.97. GuruFocus rates NSE:GRPLTD with a GF Score™ of 78/100 and a GF Value™ of ₹2,281.18 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,308 Vehicles & Parts companies, GRP ranks better than 92.89% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. GRP's Gross Profit for the
three
months ended in Mar. 2026 was ₹661 Mil. GRP's Revenue for the
three
months ended in Mar. 2026 was ₹1,445 Mil. Therefore, GRP's Gross Margin % for the quarter that ended in Mar. 2026 was 45.76%.
Warning Sign:
GRP Ltd gross margin has been in long-term decline. The average rate of decline per year is -5.6%.
The historical rank and industry rank for GRP's Gross Margin % or its related term are showing as below:
NSE:GRPLTD'
s Gross Margin % Range Over the Past 10 Years
Min: 24.69 Med: 31.97 Max: 68.06
Current: 48.75
During the past 13 years, the highestGross Margin % of GRP was 68.06%. The lowest was 24.69%. And the median was 31.97%.
NSE:GRPLTD's Gross Margin % is ranked better than 92.89% of 1308
companies
in the Vehicles & Parts industry
Industry Median: 19.8
vs NSE:GRPLTD: 48.75
GRP had a gross margin of 45.76% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for GRP was -5.60% per year.
GRP (NSE:GRPLTD) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
GRP had a gross margin of 45.76% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
GRP Gross Margin % Related Terms
GRP Gross Margin % Historical Data
* Premium members only.
The historical data trend for GRP's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:GRPLTD vs ORLY, AZO: Gross Margin % Comparison
For the Auto Parts subindustry, GRP's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GRP Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, GRP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where GRP's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
GRP (NSE:GRPLTD) has a Gross Margin % of 45.76% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on GRP and its competitors. This is 43% above median its historical median of 31.97. Over the past decade, GRP's Gross Margin % has ranged from 24.69 to 68.06. According to the industry distribution chart, GRP ranks #93 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 7.1%.
Is GRP's Gross Margin % too high?
GRP's current Gross Margin % of 45.76% is 43% above median its 10-year median of 31.97. Over the past 10 years, this metric has ranged from a low of 24.69 to a high of 68.06. The Vehicles & Parts industry median Gross Margin % is 19.80. GRP's value of 45.76% is 131.1% above this industry median. Based on the distribution chart, GRP ranks #93 out of 1308 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, GRP has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GRP's Gross Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, GRP ranks #93 out of 1308 companies for Gross Margin %. This places GRP in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 19.80. GRP's value of 45.76% is 131.1% above this benchmark. Historically, GRP's own Gross Margin % has ranged from 24.69 to 68.06 over the past decade. While the company's 10-year median is 31.97 vs. the industry median of 19.80, GRP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.80, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GRP's current Gross Margin % of 45.76% is 131.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on GRP and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GRP's current Gross Margin % is 45.76%, which is 43% above median its own 10-year median of 31.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GRP stock overvalued right now?
Based on GuruFocus' analysis, GRP (NSE:GRPLTD) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,281.18, compared to a current price of ₹1,837.90 — trading 19.4% below its estimated fair value. The current Gross Margin % is 45.76%, which is 43% above median its 10-year median of 31.97 and 131.1% above the Vehicles & Parts industry median of 19.80. GRP's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For GRP (NSE:GRPLTD), the current Gross Margin % is 45.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is GRP (NSE:GRPLTD) Overvalued in 2026?
Based on GuruFocus' analysis, GRP stock appears to be undervalued.
The current stock price of ₹1,837.90 is trading 19.4% below its estimated GF Value™ of ₹2,281.18.
GuruFocus considers GRP to be Modestly Undervalued.
Key valuation signals for NSE:GRPLTD:
Gross Margin %: 45.76% (43% above median its 10-year median of 31.97)
GF Value™: ₹2,281.18 vs. price of ₹1,837.90 (19.4% below fair value)
Industry Position: 131.1% above the Vehicles & Parts median (#93 of 1308)
No single metric tells the full story. See the NSE:GRPLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GRP Ltd is an investment holding company. It is a manufacturer of reclaimed rubber from used tires, upscaled polyamide from nylon waste, and engineered products. The operating segments of the company include Reclaim Rubber and Others. It generates maximum revenue from the Reclaim Rubber segment. Reclaim Rubber segment includes the production and marketing of Reclaim rubber products. The Others segment includes Windmills, Custom Die Forms, Engineering Plastics, and Polymer Composite Products.
78GF Score
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