GRM Overseas Ltd

GRM Overseas Ltd

₹ 152 0.32%
05 Jun - 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)

  • Market Cap 3,153 Cr.
  • Current Price 152
  • High / Low 186 / 96.7
  • Stock P/E 42.4
  • Book Value 29.0
  • Dividend Yield 0.00 %
  • ROCE 14.0 %
  • ROE 14.5 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.24 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%
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.36.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
434 320 204 382 406 370 315 371 291 327 362 483 597
413 296 196 364 384 347 304 359 259 303 348 461 567
Operating Profit 21 24 8 18 22 23 11 12 33 24 15 21 30
OPM % 5% 8% 4% 5% 5% 6% 4% 3% 11% 7% 4% 4% 5%
4 6 7 9 12 5 5 11 5 8 10 10 10
Interest 6 6 4 5 6 4 2 4 8 5 5 5 7
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 18 23 10 21 27 24 13 19 29 25 19 25 31
Tax % 37% 25% 31% 26% 21% 26% 27% 28% 29% 25% 21% 24% 27%
11 17 7 15 21 18 9 14 20 19 15 19 22
EPS in Rs 0.63 0.97 0.37 0.86 1.18 1.00 0.51 0.75 1.14 1.04 0.80 1.04 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 Mar 2026
355 591 943 1,107 749 770 1,134 1,379 1,312 1,347 1,769
341 571 908 1,072 702 702 1,041 1,281 1,240 1,267 1,679
Operating Profit 14 20 35 35 48 67 93 98 72 80 90
OPM % 4% 3% 4% 3% 6% 9% 8% 7% 6% 6% 5%
0 -0 0 1 13 6 37 13 33 26 37
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 85 101
Tax % 34% 34% 35% 49% 26% 23% 26% 28% 25% 28% 25%
2 6 12 9 32 45 85 63 61 61 74
EPS in Rs 0.12 0.34 0.71 0.54 1.90 2.55 4.66 3.48 3.32 3.37 3.59
Dividend Payout % 0% 0% 0% 20% 6% 17% 66% 4% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 18%
3 Years: 9%
TTM: 31%
Compounded Profit Growth
10 Years: 43%
5 Years: 10%
3 Years: 6%
TTM: 23%
Stock Price CAGR
10 Years: 63%
5 Years: 20%
3 Years: 37%
1 Year: 56%
Return on Equity
10 Years: 23%
5 Years: 21%
3 Years: 16%
Last Year: 14%

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 Mar 2026
Equity Capital 4 4 4 4 4 4 12 12 12 12 41
Reserves 33 38 50 57 86 131 194 262 319 414 560
132 198 292 348 210 188 338 413 393 364 368
15 60 100 83 59 92 123 97 46 121 191
Total Liabilities 183 300 446 492 359 415 667 784 770 911 1,160
21 21 21 31 38 36 37 39 37 40 41
CWIP 0 0 0 3 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 2 12 9 11 9
162 279 425 459 321 379 628 733 725 860 1,111
Total Assets 183 300 446 492 359 415 667 784 770 911 1,160

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 Mar 2026
46 -67 -77 -21 162 35 -116 -89 47 62 -54
-1 -2 -2 -15 -7 -1 -6 -5 -4 -8 -53
-32 56 78 38 -155 -33 125 89 -39 -12 82
Net Cash Flow 13 -13 -1 2 0 1 3 -4 3 43 -24
Free Cash Flow 45 -69 -79 -36 155 34 -120 -94 45 56 -63
CFO/OP 330% -316% -207% -33% 363% 74% -108% -62% 98% 113% -30%

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 Mar 2026
Debtor Days 85 46 74 92 125 120 130 107 134 130 119
Inventory Days 77 147 103 64 33 67 80 101 71 102 104
Days Payable 14 18 39 23 20 28 32 24 10 9 11
Cash Conversion Cycle 148 174 138 132 139 159 177 183 195 223 212
Working Capital Days 44 43 13 8 24 45 52 59 78 89 99
ROCE % 9% 11% 9% 16% 23% 29% 17% 14% 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

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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 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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 21,03126,01625,30225,24825,57134,19933,91927,78023,83723,08324,63822,615

* 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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