GRM Overseas Ltd

GRM Overseas Ltd

₹ 211 -0.21%
16 Jul 10:51 a.m.
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 1,266 Cr.
  • Current Price 211
  • High / Low 231 / 113
  • Stock P/E 20.9
  • Book Value 55.1
  • Dividend Yield 0.21 %
  • ROCE 14.3 %
  • ROE 20.1 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%

Cons

  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.32.5 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

Consolidated Figures in Rs. Crores / View Standalone

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
296 222 253 297 362 318 271 357 434 320 204 382 406
275 195 222 274 351 288 248 332 413 296 196 364 384
Operating Profit 21 27 31 23 11 30 22 25 21 24 8 18 22
OPM % 7% 12% 12% 8% 3% 10% 8% 7% 5% 8% 4% 5% 5%
6 1 5 16 15 1 -0 8 4 6 7 9 12
Interest 3 3 2 3 4 5 3 6 6 6 4 5 6
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 23 24 33 36 20 25 18 26 18 23 10 21 27
Tax % 19% 25% 26% 25% 26% 27% 23% 26% 37% 25% 31% 26% 21%
19 18 24 27 15 18 14 20 11 17 7 15 21
EPS in Rs 3.14 3.05 4.08 4.44 2.52 3.05 2.28 3.27 1.88 2.91 1.10 2.58 3.53
Raw PDF

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 Mar 2024
355 591 943 1,107 749 770 1,134 1,379 1,312
341 571 908 1,072 702 702 1,041 1,281 1,240
Operating Profit 14 20 35 35 48 67 93 98 72
OPM % 4% 3% 4% 3% 6% 9% 8% 7% 6%
0 -0 0 1 13 6 37 13 33
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 80
Tax % 34% 34% 35% 49% 26% 23% 26% 28% 25%
2 6 12 9 32 45 85 63 61
EPS in Rs 0.37 1.01 2.15 1.64 5.74 7.65 13.97 10.45 10.12
Dividend Payout % 0% 0% 0% 20% 6% 17% 66% 4% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 19%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 48%
3 Years: 10%
TTM: -3%
Stock Price CAGR
10 Years: 49%
5 Years: 74%
3 Years: 9%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: 32%
3 Years: 29%
Last Year: 20%

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 Mar 2024
Equity Capital 4 4 4 4 4 4 12 12 12
Reserves 33 38 50 57 86 130 194 262 319
132 198 292 348 210 188 338 413 393
15 60 100 83 59 93 123 97 46
Total Liabilities 183 300 446 492 359 415 667 784 770
21 21 21 31 38 36 37 39 37
CWIP 0 0 0 3 0 0 0 0 0
Investments 0 0 0 0 0 0 2 12 9
162 279 425 459 321 379 628 733 725
Total Assets 183 300 446 492 359 415 667 784 770

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 Mar 2024
46 -67 -77 -21 162 35 -116 -89 47
-1 -2 -2 -15 -7 -1 -6 -5 -4
-32 56 78 38 -155 -33 125 89 -39
Net Cash Flow 13 -13 -1 2 0 1 3 -4 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85 46 74 92 125 120 130 107 134
Inventory Days 77 147 103 64 33 67 80 101 71
Days Payable 14 18 39 23 20 28 32 24 10
Cash Conversion Cycle 148 174 138 132 139 159 177 183 195
Working Capital Days 137 135 126 122 126 134 161 168 187
ROCE % 9% 11% 9% 16% 23% 29% 17% 14%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.84% 72.00% 72.00% 72.00% 72.00% 72.00% 72.00% 71.72% 71.72% 71.72% 71.72% 72.16%
0.00% 0.16% 0.04% 0.12% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00% 0.08% 0.26%
3.06% 0.00% 0.00% 0.00% 0.00% 0.06% 0.16% 0.00% 0.00% 0.02% 0.00% 0.00%
2.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
23.89% 27.84% 27.96% 27.88% 28.00% 27.93% 27.83% 28.21% 28.28% 28.27% 28.20% 27.58%
No. of Shareholders 3,9127,07412,79618,24918,87518,98318,74819,39521,03126,01625,30225,248

* 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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Documents

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