GRM Overseas Ltd
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]
- Market Cap ₹ 876 Cr.
- Current Price ₹ 146
- High / Low ₹ 231 / 113
- Stock P/E 17.2
- Book Value ₹ 49.8
- Dividend Yield 0.31 %
- ROCE 17.4 %
- ROE 26.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 39.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.8%
- Company has been maintaining a healthy dividend payout of 29.3%
Cons
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.25.3 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|
355 | 591 | 943 | 1,107 | 749 | 770 | 1,134 | 1,379 | 1,340 | |
341 | 571 | 908 | 1,072 | 702 | 702 | 1,041 | 1,281 | 1,269 | |
Operating Profit | 14 | 20 | 35 | 35 | 48 | 67 | 93 | 98 | 71 |
OPM % | 4% | 3% | 4% | 3% | 6% | 9% | 8% | 7% | 5% |
0 | -0 | 0 | 1 | 13 | 6 | 37 | 13 | 25 | |
Interest | 9 | 10 | 15 | 16 | 14 | 12 | 13 | 20 | 21 |
Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 |
Profit before tax | 3 | 8 | 18 | 18 | 43 | 59 | 114 | 87 | 72 |
Tax % | 34% | 34% | 35% | 49% | 26% | 23% | 26% | 28% | |
2 | 6 | 12 | 9 | 32 | 45 | 85 | 63 | 51 | |
EPS in Rs | 0.37 | 1.01 | 2.15 | 1.64 | 5.74 | 7.65 | 13.97 | 10.45 | 8.47 |
Dividend Payout % | 0% | 0% | 0% | 20% | 6% | 17% | 66% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 23% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 40% |
3 Years: | 26% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | 52% |
5 Years: | 57% |
3 Years: | -1% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 37% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 |
Reserves | 33 | 38 | 50 | 57 | 86 | 130 | 194 | 262 | 286 |
132 | 198 | 292 | 348 | 210 | 188 | 338 | 413 | 189 | |
15 | 60 | 100 | 83 | 59 | 93 | 123 | 97 | 76 | |
Total Liabilities | 183 | 300 | 446 | 492 | 359 | 415 | 667 | 784 | 564 |
21 | 21 | 21 | 31 | 38 | 36 | 37 | 39 | 37 | |
CWIP | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 12 | 12 |
162 | 279 | 425 | 459 | 321 | 379 | 628 | 733 | 514 | |
Total Assets | 183 | 300 | 446 | 492 | 359 | 415 | 667 | 784 | 564 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
46 | -67 | -77 | -21 | 162 | 35 | -116 | -89 | |
-1 | -2 | -2 | -15 | -7 | -1 | -6 | -5 | |
-32 | 56 | 78 | 38 | -155 | -33 | 125 | 89 | |
Net Cash Flow | 13 | -13 | -1 | 2 | 0 | 1 | 3 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 46 | 74 | 92 | 125 | 120 | 130 | 107 |
Inventory Days | 77 | 147 | 103 | 64 | 33 | 67 | 80 | 101 |
Days Payable | 14 | 18 | 39 | 23 | 20 | 28 | 32 | 24 |
Cash Conversion Cycle | 148 | 174 | 138 | 132 | 139 | 159 | 177 | 183 |
Working Capital Days | 137 | 135 | 126 | 122 | 126 | 134 | 161 | 168 |
ROCE % | 9% | 11% | 9% | 16% | 23% | 29% | 17% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Apr
- Submission Of Certificate Under Regulation 40(9) And 40(10) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March, 2024 25 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
- Submission Of Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March, 2024 10 Apr
- Closure of Trading Window 28 Mar
Annual reports
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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
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Financial Year 2010
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Financial Year 2009
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Concalls
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Aug 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Oct 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
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]