Rubber manufacturer bags new orders from MSTRC, KKRTC, Indian Railways and Defrail Technologies Ltd
DSIJ Intelligence-1 / 09 Sep 2025/ Categories: Mindshare, Trending
The company has a market cap of over Rs 220 crore with a PE of 79x, an ROE of 23 per cent and an ROCE of 30 per cent.
Gayatri Rubbers and Chemicals Limited has secured several new contracts from major domestic entities. The company won an annual contract from the Maharashtra State Road Transport Corporation (MSRTC) to supply EPDM Rubber Glazing and EPDM Rubber Flock Channel for windows. This contract will run for one year, from July 16, 2025, to July 15, 2026. Additionally, Gayatri Rubbers received a Letter of Intent from the Kalyana Karnataka Road Transport Corporation (KKRTC) for a one-year supply of U Rubber, Sweep Rubber, and T Rubber, all made from EPDM Rubber, effective from September 4, 2025.
The company also received two new orders from the Indian Railways. The first is a Letter of Acceptance for the supply of EPDM Rubber against Tender No. 08252125, with a total value of Rs 87,03,798.94 (inclusive of GST). The supply period for this contract is from September 1, 2025, to December 18, 2026. The second order from the Ministry of Railways is for the supply of EPDM Rubber Gasket and Neoprene Sponge Rubber Gasket, valued at Rs 53,30,978.17. This order is a domestic contract and must be executed within 60 days from the date of the Purchase Order.
Furthermore, Gayatri Rubbers and Chemicals has been awarded a domestic order from Defrail Technologies Limited and other companies. This contract, valued at Rs 74,32,430.60, is for the supply of EPDM Rubber Gasket and Neoprene Sponge Rubber Gasket. Like the second Indian Railways contract, this order must also be fulfilled within 60 days from the date of the Purchase Order. These new contracts underscore the company's strong position as a key supplier of rubber products to India's transportation and industrial sectors.
About the Company
Gayatri Rubbers and Chemicals Limited (GRCL), formerly the proprietorship firm Goyal Rubbers, is a leading manufacturer and supplier in the rubber industry. They produce a variety of rubber products, including rubber profiles, aluminium rubber profiles, automobile rubber profiles, rubber compounds, and clear PVC profiles. GRCL supplies its rubber compounds to other manufacturers and distributes its products to key players like Banco, Nalco, and Jindal in the aluminium sector, as well as agents of Motherson Sumi and state transport in the automobile sector. The company sources its raw materials from across India, including natural rubber and EPDM rubber from Kerala, calcium carbonate and chalk powder from Gujarat, and zinc and other goods from Delhi NCR.
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The company has a market cap of over Rs 220 crore with a PE of 79x, an ROE of 23 per cent and an ROCE of 30 per cent. The stock is up by 11.4 per cent from its 52-week low of Rs 350.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.