GRP Ret. on equity
What is the Ret. on equity of GRP?
The Ret. on equity of GRP Limited is 7.60%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Consumer Discretionary sector on NSE compared to GRP
What does GRP do?
GRP Limited manufactures and sells reclaimed rubber sheets for tire and non-tire rubber goods industries in India and internationally. The company operates through Reclaim Rubber and Others segments. It offers reclaimed natural and synthetic rubber products for use in inner liners and tubes, tire side walls and piles, tire treads and retreads, conveyor belts, molded goods, adhesives, and footwear, as well as rubber mattings, profiles, and roofing; and POLYCOAT, an elastic powder in compounded form, which is used in NBR based molded products, metal to rubber bonded parts, NBR based oil seals, NBR matting/sheeting, NBR-PVC blend, tires, conveyor belt, molded products, sheeting / matting, tread rubber, seals/gaskets, and flaps applications. The company also provides industrial polymers comprising glass filled and unfilled reprocessed nylon 6 and modified nylon 6,6 used in automotive, electrical and electronics, consumer goods, and industrial applications; and custom die forms consisting of link, door, and industrial mats, as well as dock bumpers primarily for use in civil and agricultural industries. In addition, it generates power from windmill; and offers thermoplastic elastomers. The company was formerly known as Gujarat Reclaim and Rubber Products Limited and changed its name to GRP Limited in June 2012. GRP Limited was incorporated in 1974 and is based in Mumbai, India.
Companies with ret. on equity similar to GRP
- Shivalik Rasayan has Ret. on equity of 7.59%
- Sykes Enterprises has Ret. on equity of 7.59%
- Western Digital has Ret. on equity of 7.59%
- ITD Cementation India has Ret. on equity of 7.59%
- SBM Offshore NV has Ret. on equity of 7.59%
- NEPI Rockcastle plc has Ret. on equity of 7.60%
- GRP has Ret. on equity of 7.60%
- Calibre Mining has Ret. on equity of 7.60%
- V-Mart Retail has Ret. on equity of 7.60%
- Image Scan plc has Ret. on equity of 7.61%
- Raven Industries has Ret. on equity of 7.61%
- Jiangsu Innovative Ecological New Materials has Ret. on equity of 7.61%
- Imaflex has Ret. on equity of 7.61%