GRM Overseas Ltd

GRM Overseas Ltd

₹ 203 0.82%
24 Jul - close price
About

GRM Overseas Ltd is primarily engaged in the business of milling, processing and marketing of branded and non-branded basmati rice in the domestic and overseas market.[1]

Key Points

Product Portfolio
The product portfolio of the company includes a rice range of Zarda King Golden Sella, Biryani King, Premium Biryani Steam, Regular Range Steam, and a few more also it offers Shakti Chakki Frresh Atta and biryani kits like Moradbadi, Hyderabadi, Lucknowi, etc. in ready to cook range. [1] [2]

  • Market Cap 1,217 Cr.
  • Current Price 203
  • High / Low 231 / 113
  • Stock P/E 23.7
  • Book Value 51.1
  • Dividend Yield 0.22 %
  • ROCE 12.9 %
  • ROE 18.3 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%

Cons

  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.32.2 Cr.

* 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.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
282 214 246 288 351 313 259 331 359 297 166 357 365
270 188 217 267 342 284 241 310 342 276 158 342 351
Operating Profit 12 26 29 21 8 29 18 21 18 22 8 15 14
OPM % 4% 12% 12% 7% 2% 9% 7% 6% 5% 7% 5% 4% 4%
5 1 6 16 15 1 -0 8 4 6 7 9 11
Interest 3 3 2 3 4 5 3 5 6 6 4 5 6
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 13 24 31 33 18 24 14 22 14 21 9 18 19
Tax % 26% 25% 25% 25% 28% 26% 25% 27% 39% 25% 27% 26% 18%
10 18 24 25 13 18 10 16 9 16 7 13 16
EPS in Rs 1.66 2.93 3.92 4.10 2.19 2.98 1.74 2.73 1.48 2.61 1.13 2.21 2.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
270 422 568 355 591 924 1,068 739 748 1,098 1,262 1,186
258 406 544 341 571 889 1,026 687 690 1,013 1,177 1,127
Operating Profit 12 16 24 14 20 35 42 52 59 85 86 59
OPM % 4% 4% 4% 4% 3% 4% 4% 7% 8% 8% 7% 5%
0 -0 -0 0 -0 0 1 13 5 37 12 32
Interest 7 7 14 9 10 15 16 14 12 13 19 20
Depreciation 1 1 2 2 2 2 2 3 3 3 4 4
Profit before tax 4 7 8 3 8 18 25 48 49 106 75 67
Tax % 33% 33% 42% 34% 34% 35% 35% 24% 25% 26% 28% 24%
3 5 5 2 6 12 16 36 37 79 54 51
EPS in Rs 0.50 0.88 0.83 0.37 1.01 2.12 2.94 6.55 6.20 13.14 8.93 8.56
Dividend Payout % 27% 15% 0% 0% 0% 16% 11% 5% 22% 70% 5% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 2%
3 Years: 17%
TTM: -6%
Compounded Profit Growth
10 Years: 27%
5 Years: 27%
3 Years: 12%
TTM: -4%
Stock Price CAGR
10 Years: 50%
5 Years: 75%
3 Years: 10%
1 Year: 12%
Return on Equity
10 Years: 27%
5 Years: 29%
3 Years: 27%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 12 12 12
Reserves 22 26 31 33 38 50 64 98 135 192 243 294
99 143 155 132 198 292 348 210 188 331 407 393
11 38 55 15 59 64 62 60 90 119 99 38
Total Liabilities 136 211 244 183 299 410 478 372 416 655 761 737
18 22 22 21 21 21 31 37 35 36 37 36
CWIP 0 0 0 0 0 0 3 0 0 0 0 0
Investments 0 0 0 0 0 1 1 1 2 0 2 2
118 189 222 162 278 387 442 333 380 618 722 700
Total Assets 136 211 244 183 299 410 478 372 416 655 761 737

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-14 -26 1 46 -67 -77 -23 161 34 -113 -52 36
-0 -5 -3 -1 -2 -3 -15 -6 -1 -4 -6 0
13 36 -3 -32 56 78 38 -155 -33 119 56 -33
Net Cash Flow -1 5 -5 13 -13 -1 1 0 0 2 -2 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 47 83 85 46 74 93 135 134 134 116 144
Inventory Days 69 124 68 77 146 90 63 33 56 79 108 76
Days Payable 12 35 34 14 18 24 16 21 27 32 25 9
Cash Conversion Cycle 153 137 117 148 174 140 140 147 164 182 198 210
Working Capital Days 143 123 107 137 135 128 129 135 141 165 180 202
ROCE % 10% 10% 12% 7% 9% 11% 10% 17% 19% 28% 16% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 71.72% 71.72% 71.72% 71.72% 72.16% 72.29%
0.16% 0.04% 0.12% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00% 0.08% 0.26% 0.67%
0.00% 0.00% 0.00% 0.00% 0.06% 0.16% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00%
27.84% 27.96% 27.88% 28.00% 27.93% 27.83% 28.21% 28.28% 28.27% 28.20% 27.58% 27.05%
No. of Shareholders 7,07412,79618,24918,87518,98318,74819,39521,03126,01625,30225,24825,571

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls