GRM Overseas Ltd

₹ 171 5.69%

15 May - 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)

Website BSE NSE

Market Cap ₹ 3,538 Cr.
Current Price ₹ 171
High / Low ₹ 186 / 88.4
Stock P/E 48.2
Book Value ₹ 25.8
Dividend Yield 0.00 %
ROCE 13.5 %
ROE 16.0 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company has a good return on equity (ROE) track record: 3 Years ROE 19.9%

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -5.76%
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

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Other Agricultural Products

Part of BSE Fast Moving Consumer Goods

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	357	434	320	204	382	406	370	315	371	291	327	362	483
	332	413	296	196	364	384	347	304	359	259	303	348	461
Operating Profit	25	21	24	8	18	22	23	11	12	33	24	15	21
OPM %	7%	5%	8%	4%	5%	5%	6%	4%	3%	11%	7%	4%	4%
	8	4	6	7	9	12	5	5	11	5	8	10	10
Interest	6	6	6	4	5	6	4	2	4	8	5	5	5
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	26	18	23	10	21	27	24	13	19	29	25	19	25
Tax %	26%	37%	25%	31%	26%	21%	26%	27%	28%	29%	25%	21%	24%
	20	11	17	7	15	21	18	9	14	20	19	15	19
EPS in Rs	1.09	0.63	0.97	0.37	0.86	1.18	1.00	0.51	0.75	1.14	1.04	0.80	1.04
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	Mar 2025	TTM
	355	591	943	1,107	749	770	1,134	1,379	1,312	1,347	1,463
	341	571	908	1,072	702	702	1,041	1,281	1,240	1,267	1,371
Operating Profit	14	20	35	35	48	67	93	98	72	80	93
OPM %	4%	3%	4%	3%	6%	9%	8%	7%	6%	6%	6%
	0	-0	0	1	13	6	37	13	33	26	32
Interest	9	10	15	16	14	12	13	20	21	18	23
Depreciation	2	2	2	2	3	3	3	4	4	3	3
Profit before tax	3	8	18	18	43	59	114	87	80	85	98
Tax %	34%	34%	35%	49%	26%	23%	26%	28%	25%	28%
	2	6	12	9	32	45	85	63	61	61	73
EPS in Rs	0.12	0.34	0.71	0.54	1.90	2.55	4.66	3.48	3.32	3.37	4.02
Dividend Payout %	0%	0%	0%	20%	6%	17%	66%	4%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	12%
3 Years:	6%
TTM:	0%

Compounded Profit Growth
10 Years:	%
5 Years:	14%
3 Years:	-10%
TTM:	18%

Stock Price CAGR
10 Years:	65%
5 Years:	28%
3 Years:	38%
1 Year:	68%

Return on Equity
10 Years:	26%
5 Years:	26%
3 Years:	20%
Last Year:	16%

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	Mar 2025	Sep 2025
Equity Capital	4	4	4	4	4	4	12	12	12	12	12
Reserves	33	38	50	57	86	131	194	262	319	414	463
	132	198	292	348	210	188	338	413	393	364	211
	15	60	100	83	59	92	123	97	46	121	178
Total Liabilities	183	300	446	492	359	415	667	784	770	911	865
	21	21	21	31	38	36	37	39	37	40	39
CWIP	0	0	0	3	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	2	12	9	11	11
	162	279	425	459	321	379	628	733	725	860	814
Total Assets	183	300	446	492	359	415	667	784	770	911	865

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	Mar 2025
	46	-67	-77	-21	162	35	-116	-89	47	62
	-1	-2	-2	-15	-7	-1	-6	-5	-4	-8
	-32	56	78	38	-155	-33	125	89	-39	-12
Net Cash Flow	13	-13	-1	2	0	1	3	-4	3	43
Free Cash Flow	45	-69	-79	-36	155	34	-120	-94	45	56
CFO/OP	330%	-316%	-207%	-33%	363%	74%	-108%	-62%	98%	113%

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	Mar 2025
Debtor Days	85	46	74	92	125	120	130	107	134	130
Inventory Days	77	147	103	64	33	67	80	101	71	102
Days Payable	14	18	39	23	20	28	32	24	10	9
Cash Conversion Cycle	148	174	138	132	139	159	177	183	195	223
Working Capital Days	44	43	13	8	24	45	52	59	78	89
ROCE %		9%	11%	9%	16%	23%	29%	17%	14%	14%

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 ・Standalone data

xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
		xx.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
						xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
						xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
						xx	xx	xx	xx	xx	xx
						xxx	xxx	xxx	xxx	xxx	xxx
xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	x,xxx,xxx.xx	x,xxx,xxx.xx
											x
											xx

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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 ・Standalone data

International Brand Share (Own Brands)
%

International Private Label Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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	21,031	26,016	25,302	25,248	25,571	34,199	33,919	27,780	23,837	23,083	24,638	22,615

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73.62%	73.62%	73.62%	73.62%	71.61%	72.00%	71.72%	72.16%	72.43%	62.51%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.07%	0.26%	0.72%	9.50%
	5.48%	3.36%	3.36%	3.36%	3.15%	0.00%	0.00%	0.00%	0.25%	2.91%
	3.18%	2.09%	2.45%	2.40%	2.25%	0.00%	0.00%	0.00%	0.00%	0.00%
	17.72%	20.93%	20.57%	20.62%	23.00%	27.88%	28.21%	27.58%	26.59%	25.08%
No. of Shareholders	570	798	771	748	1,713	18,249	19,395	25,248	27,780	22,615

* 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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