GRM Overseas Ltd

GRM Overseas Ltd

₹ 152 0.32%
05 Jun - 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

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)

  • Market Cap 3,153 Cr.
  • Current Price 152
  • High / Low 186 / 96.7
  • Stock P/E 59.3
  • Book Value 26.5
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 11.3 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.75 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -5.76%
  • The company has delivered a poor sales growth of 9.27% over past five years.
  • Company has a low return on equity of 13.8% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.28.4 Cr.
  • Company has high debtors of 171 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
359 297 166 357 365 276 150 245 243 256 291 326 293
342 276 158 342 351 255 142 235 216 236 278 309 274
Operating Profit 18 22 8 15 14 21 8 10 27 20 12 17 19
OPM % 5% 7% 5% 4% 4% 7% 5% 4% 11% 8% 4% 5% 7%
4 6 7 9 11 5 5 11 4 8 5 6 9
Interest 6 6 4 5 6 4 2 4 8 5 5 5 7
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 14 21 9 18 19 22 10 16 23 22 12 18 21
Tax % 39% 25% 27% 26% 18% 25% 26% 26% 30% 25% 26% 25% 28%
9 16 7 13 16 16 7 12 16 16 9 13 15
EPS in Rs 0.49 0.87 0.38 0.74 0.87 0.89 0.40 0.66 0.88 0.89 0.48 0.71 0.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
568 355 591 924 1,068 739 748 1,098 1,262 1,186 912 1,166
544 341 571 889 1,026 687 690 1,013 1,177 1,127 846 1,097
Operating Profit 24 14 20 35 42 52 59 85 86 59 65 69
OPM % 4% 4% 3% 4% 4% 7% 8% 8% 7% 5% 7% 6%
-0 0 -0 0 1 13 5 37 12 32 25 28
Interest 14 9 10 15 16 14 12 13 19 20 18 23
Depreciation 2 2 2 2 2 3 3 3 4 4 3 3
Profit before tax 8 3 8 18 25 48 49 106 75 67 70 72
Tax % 42% 34% 34% 35% 35% 24% 25% 26% 28% 24% 27% 26%
5 2 6 12 16 36 37 79 54 51 51 53
EPS in Rs 0.27 0.12 0.34 0.70 0.98 2.17 2.07 4.38 2.98 2.86 2.83 2.57
Dividend Payout % 0% 0% 0% 16% 11% 5% 22% 70% 5% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: -3%
TTM: 28%
Compounded Profit Growth
10 Years: 38%
5 Years: 8%
3 Years: 0%
TTM: 4%
Stock Price CAGR
10 Years: 63%
5 Years: 20%
3 Years: 37%
1 Year: 56%
Return on Equity
10 Years: 21%
5 Years: 19%
3 Years: 14%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 4 4 4 4 4 4 12 12 12 12 41
Reserves 31 33 38 50 64 98 135 192 243 294 380 507
155 132 198 292 348 210 188 331 407 393 364 366
55 15 59 64 62 60 89 119 99 38 109 174
Total Liabilities 244 183 299 410 478 372 416 655 761 737 865 1,089
22 21 21 21 31 37 35 36 37 36 39 38
CWIP 0 0 0 0 3 0 0 0 0 0 0 0
Investments 0 0 0 1 1 1 2 0 2 2 12 13
222 162 278 387 442 333 380 618 722 700 814 1,038
Total Assets 244 183 299 410 478 372 416 655 761 737 865 1,089

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 46 -67 -77 -23 161 34 -113 -52 36 56 -61
-3 -1 -2 -3 -15 -6 -1 -4 -6 0 -16 -45
-3 -32 56 78 38 -155 -33 119 56 -33 -12 75
Net Cash Flow -5 13 -13 -1 1 0 0 2 -2 3 28 -31
Free Cash Flow -2 45 -69 -78 -38 155 33 -117 -57 34 50 -63
CFO/OP 16% 330% -315% -206% -30% 330% 82% -116% -31% 93% 114% -59%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 85 46 74 93 135 134 134 116 144 186 171
Inventory Days 68 77 146 90 63 33 56 79 108 76 154 160
Days Payable 34 14 18 24 16 21 27 32 25 9 11 14
Cash Conversion Cycle 117 148 174 140 140 147 164 182 198 210 329 317
Working Capital Days 32 44 43 13 10 31 49 55 63 81 123 139
ROCE % 12% 7% 9% 11% 10% 17% 19% 28% 16% 12% 12% 11%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Own Produced Rice Volume
Metric Tonnes

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Revenue Mix - Domestic
%
Revenue Mix - International
%
Annual Rice Production Capacity
Metric Tonnes
Domestic Retail Touchpoints (Kirana Stores)
Number
Export Presence (Countries)
Number
Number of Distributors
Number
Total Rice Sales Volume
Quintals
International Brand Share (Own Brands)
%
International Private Label Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.72% 71.72% 71.72% 72.16% 72.29% 72.29% 72.29% 72.43% 70.84% 68.19% 68.27% 62.51%
0.00% 0.00% 0.08% 0.26% 0.67% 0.23% 0.17% 0.72% 1.89% 3.36% 4.92% 9.50%
0.00% 0.02% 0.00% 0.00% 0.00% 0.25% 0.25% 0.25% 0.49% 1.82% 1.63% 2.91%
28.28% 28.27% 28.20% 27.58% 27.05% 27.23% 27.29% 26.59% 26.78% 26.63% 25.18% 25.08%
No. of Shareholders 21,03126,01625,30225,24825,57134,19933,91927,78023,83723,08324,63822,615

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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