GRM Overseas Ltd
₹ 362
0.81%
02 Jul
- close price
About
Incorporated in 1995, GRM Overseas Ltd is in the business of milling, processing and marketing of branded /nonbranded basmati rice in the domestic and overseas market[1]
Key Points
- Market Cap ₹ 2,174 Cr.
- Current Price ₹ 362
- High / Low ₹ 376 / 176
- Stock P/E 42.6
- Book Value ₹ 65.3
- Dividend Yield 0.00 %
- ROCE 12.0 %
- ROE 14.6 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 5.55 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.45%
- The company has delivered a poor sales growth of 4.33% over past five years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.25.3 Cr.
- Company has high debtors of 186 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 422 | 568 | 355 | 591 | 924 | 1,068 | 739 | 748 | 1,098 | 1,262 | 1,186 | 913 | |
| 406 | 544 | 341 | 571 | 889 | 1,026 | 687 | 690 | 1,013 | 1,177 | 1,127 | 848 | |
| Operating Profit | 16 | 24 | 14 | 20 | 35 | 42 | 52 | 59 | 85 | 86 | 59 | 65 |
| OPM % | 4% | 4% | 4% | 3% | 4% | 4% | 7% | 8% | 8% | 7% | 5% | 7% |
| -0 | -0 | 0 | -0 | 0 | 1 | 13 | 5 | 37 | 12 | 32 | 25 | |
| Interest | 7 | 14 | 9 | 10 | 15 | 16 | 14 | 12 | 13 | 19 | 20 | 18 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 3 |
| Profit before tax | 7 | 8 | 3 | 8 | 18 | 25 | 48 | 49 | 106 | 75 | 67 | 70 |
| Tax % | 33% | 42% | 34% | 34% | 35% | 35% | 24% | 25% | 26% | 28% | 24% | 27% |
| 5 | 5 | 2 | 6 | 12 | 16 | 36 | 37 | 79 | 54 | 51 | 51 | |
| EPS in Rs | 0.88 | 0.83 | 0.37 | 1.01 | 2.12 | 2.94 | 6.55 | 6.20 | 13.14 | 8.93 | 8.56 | 8.50 |
| Dividend Payout % | 15% | 0% | 0% | 0% | 16% | 11% | 5% | 22% | 70% | 5% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | -6% |
| TTM: | -23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 7% |
| 3 Years: | -14% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 56% |
| 5 Years: | 101% |
| 3 Years: | 1% |
| 1 Year: | 87% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 24% |
| 3 Years: | 18% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 | 12 |
| Reserves | 26 | 31 | 33 | 38 | 50 | 64 | 98 | 135 | 192 | 243 | 294 | 380 |
| 143 | 155 | 132 | 198 | 292 | 348 | 210 | 188 | 331 | 407 | 393 | 364 | |
| 38 | 55 | 15 | 59 | 64 | 62 | 60 | 89 | 119 | 99 | 38 | 109 | |
| Total Liabilities | 211 | 244 | 183 | 299 | 410 | 478 | 372 | 416 | 655 | 761 | 737 | 865 |
| 22 | 22 | 21 | 21 | 21 | 31 | 37 | 35 | 36 | 37 | 36 | 39 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 0 | 2 | 2 | 12 |
| 189 | 222 | 162 | 278 | 387 | 442 | 333 | 380 | 618 | 722 | 700 | 814 | |
| Total Assets | 211 | 244 | 183 | 299 | 410 | 478 | 372 | 416 | 655 | 761 | 737 | 865 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -26 | 1 | 46 | -67 | -77 | -23 | 161 | 34 | -113 | -52 | 36 | 56 | |
| -5 | -3 | -1 | -2 | -3 | -15 | -6 | -1 | -4 | -6 | 0 | -16 | |
| 36 | -3 | -32 | 56 | 78 | 38 | -155 | -33 | 119 | 56 | -33 | -12 | |
| Net Cash Flow | 5 | -5 | 13 | -13 | -1 | 1 | 0 | 0 | 2 | -2 | 3 | 28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 83 | 85 | 46 | 74 | 93 | 135 | 134 | 134 | 116 | 144 | 186 |
| Inventory Days | 124 | 68 | 77 | 146 | 90 | 63 | 33 | 56 | 79 | 108 | 76 | 154 |
| Days Payable | 35 | 34 | 14 | 18 | 24 | 16 | 21 | 27 | 32 | 25 | 9 | 11 |
| Cash Conversion Cycle | 137 | 117 | 148 | 174 | 140 | 140 | 147 | 164 | 182 | 198 | 210 | 329 |
| Working Capital Days | 123 | 107 | 137 | 135 | 128 | 129 | 135 | 141 | 165 | 180 | 202 | 268 |
| ROCE % | 10% | 12% | 7% | 9% | 11% | 10% | 17% | 19% | 28% | 16% | 13% | 12% |
Documents
Announcements
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Closure of Trading Window
28 Jun - Trading window closed from July 1, 2025 till 48 hours post Q1 results announcement.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Newspaper Advertisement pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report confirms full SEBI compliance for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 May - Investor Presentation for the Quarter and Financial year ended 31st March, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 May - GRM FY25 revenue Rs 1,374 Cr, PAT Rs 61.2 Cr; focus on domestic FMCG growth and Rs 200 Cr D2C investment.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Concalls
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May 2025TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Apr 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
Business Overview:[1]
GRM Group comprises GRM Overseas Ltd and 3 subsidiaries viz. GRM International Holding Ltd. (GIHL, UK), GRM Fine Foods Inc. (GFFI, USA) & GRM Foodkraft Pvt. Ltd. (GFPL, India).
The group is engaged in milling, processing and distribution of basmati rice in domestic and overseas market. The domestic business is conducted through GRM Foodkraft Pvt Ltd under their flagship brand-name 10X offering essential consumer goods, kitchen necessities, encompassing rice, spices, atta, and Ready-to-Eat products. The international operations are run through GRM International Holding Ltd. (GIHL, UK), GRM Fine Foods Inc. (GFFI, USA)