GRM Overseas Ltd
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]
- Market Cap ₹ 3,538 Cr.
- Current Price ₹ 171
- High / Low ₹ 186 / 88.4
- Stock P/E 65.4
- Book Value ₹ 23.5
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 14.6 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 7.28 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 4.30% over past five years.
- Company might be capitalizing the interest cost
- 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.
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 422 | 568 | 355 | 591 | 924 | 1,068 | 739 | 748 | 1,098 | 1,262 | 1,186 | 912 | 1,116 | |
| 406 | 544 | 341 | 571 | 889 | 1,026 | 687 | 690 | 1,013 | 1,177 | 1,127 | 846 | 1,039 | |
| Operating Profit | 16 | 24 | 14 | 20 | 35 | 42 | 52 | 59 | 85 | 86 | 59 | 65 | 77 |
| OPM % | 4% | 4% | 4% | 3% | 4% | 4% | 7% | 8% | 8% | 7% | 5% | 7% | 7% |
| -0 | -0 | 0 | -0 | 0 | 1 | 13 | 5 | 37 | 12 | 32 | 25 | 24 | |
| Interest | 7 | 14 | 9 | 10 | 15 | 16 | 14 | 12 | 13 | 19 | 20 | 18 | 23 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 3 | 3 |
| Profit before tax | 7 | 8 | 3 | 8 | 18 | 25 | 48 | 49 | 106 | 75 | 67 | 70 | 74 |
| 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 | 54 | |
| EPS in Rs | 0.29 | 0.27 | 0.12 | 0.34 | 0.70 | 0.98 | 2.17 | 2.07 | 4.38 | 2.98 | 2.86 | 2.83 | 2.96 |
| 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: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 7% |
| 3 Years: | -14% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 65% |
| 5 Years: | 28% |
| 3 Years: | 38% |
| 1 Year: | 68% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 26 | 31 | 33 | 38 | 50 | 64 | 98 | 135 | 192 | 243 | 294 | 380 | 420 |
| 143 | 155 | 132 | 198 | 292 | 348 | 210 | 188 | 331 | 407 | 393 | 364 | 211 | |
| 38 | 55 | 15 | 59 | 64 | 62 | 60 | 89 | 119 | 99 | 38 | 109 | 178 | |
| Total Liabilities | 211 | 244 | 183 | 299 | 410 | 478 | 372 | 416 | 655 | 761 | 737 | 865 | 821 |
| 22 | 22 | 21 | 21 | 21 | 31 | 37 | 35 | 36 | 37 | 36 | 39 | 38 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 0 | 2 | 2 | 12 | 12 |
| 189 | 222 | 162 | 278 | 387 | 442 | 333 | 380 | 618 | 722 | 700 | 814 | 771 | |
| Total Assets | 211 | 244 | 183 | 299 | 410 | 478 | 372 | 416 | 655 | 761 | 737 | 865 | 821 |
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 |
| Free Cash Flow | -31 | -2 | 45 | -69 | -78 | -38 | 155 | 33 | -117 | -57 | 34 | 50 |
| CFO/OP | -150% | 16% | 330% | -315% | -206% | -30% | 330% | 82% | -116% | -31% | 93% | 114% |
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 | 29 | 32 | 44 | 43 | 13 | 10 | 31 | 49 | 55 | 63 | 81 | 123 |
| ROCE % | 10% | 12% | 7% | 9% | 11% | 10% | 17% | 19% | 28% | 16% | 12% | 12% |
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 % |
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| Revenue Mix - International % |
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| Annual Rice Production Capacity Metric Tonnes |
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| Domestic Retail Touchpoints (Kirana Stores) Number |
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| Export Presence (Countries) Number |
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| Number of Distributors Number |
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| Total Rice Sales Volume Quintals |
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| International Brand Share (Own Brands) % |
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| International Private Label Share % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2d - CARE report for quarter ended March 31, 2026 shows full warrant proceeds utilization with no deviations.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 4 May
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Shareholder Meeting / Postal Ballot-Outcome of EGM
2 May - GRM Overseas held EGM on May 2, 2026; approved object clause alteration and reappointment of Independent Director Nidhi.
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Intimation Of Receipt Of In Principal Approval For Listing Of 2,31,54,000 Equity Shares Of Rs. 2/- Each Issued Pursuant To Conversion Of Warrants On Preferential Basis
29 Apr - NSE and BSE granted in-principle approval for listing 2,31,54,000 warrant-converted equity shares on April 29, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Apr - GRM launched 10X Basmati Rice for diabetics on April 21, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Apr 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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)