GRM Overseas Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Food: 76.4% • Edible Oil: 22.5% • Others: 1.1%
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.2%
- Company has consistently been profitable over the last 5 years
- Institutional investors have been accumulating - FII+DII up 7.8pp
- Company generates healthy free cash flow
- Company converts assets efficiently - asset turnover of 1.6x
CONS
- Promoter holding has decreased over last 2 years: -9.2pp
- A large part of profit comes from other income (30.7% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.11x)
- Operating margins have contracted to 5.9% from 11.4%
- Growth is decelerating - 3Y profit CAGR (-10.2%) trails the 5Y trend (14.1%)
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEIND | 1393.10 | 70.49 | 268633.47 | 0.86 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| VBL | 406.00 | 40.56 | 137328.07 | 0.37 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| BRITANNIA | 5099.50 | 47.17 | 122830.79 | 1.77 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| JUBLFOOD | 475.50 | 72.30 | 31375.64 | 0.25 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| HATSUN | 1199.95 | 76.74 | 26728.68 | 0.50 | 60.58 | — | 2363.72 | 17.61 | 17.40 | 10.81 |
| MILKYMIST | 266.05 | 161.26 | 20481.68 | 0.00 | 646.79 | — | 9734.46 | — | 13.79 | 14.77 |
| ZYDUSWELL | 555.10 | 93.84 | 17661.10 | 0.22 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| DEVYANI | 137.20 | 0.00 | 16915.93 | 0.00 | 17.10 | 667.68 | 1580.52 | 16.47 | 8.98 | 16.09 |
| LTFOODS | 453.80 | 24.61 | 15758.34 | 0.66 | 1834.46 | 988.67 | 31518.31 | 1179.20 | 19.77 | 11.26 |
| BIKAJI | 571.90 | 55.47 | 14339.61 | 0.22 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| MANORAMA | 2092.15 | 53.54 | 13206.15 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 35.00 | 26.29 |
| GRMOVER | 88.19 | 23.87 | 1827.38 | 0.00 | 210.41 | 1002.08 | 4265.14 | 1205.20 | 13.58 | 8.25 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 320 | 204 | 382 | 406 | 370 | 315 | 371 | 291 | 327 | 362 | 483 | 597 | 4,265 | |
| 296 | 196 | 364 | 384 | 347 | 304 | 359 | 259 | 303 | 348 | 461 | 567 | 3,971 | |
| Operating Profit | 24 | 8 | 18 | 22 | 23 | 11 | 12 | 33 | 24 | 15 | 21 | 30 | 294 |
| OPM % | 7.54% | 3.88% | 4.78% | 5.38% | 6.34% | 3.54% | 3.32% | 11.20% | 7.33% | 4.09% | 4.44% | 5.04% | 6.90% |
| 6 | 7 | 9 | 12 | 5 | 5 | 11 | 5 | 8 | 10 | 10 | 10 | 5 | |
| Interest | 6 | 4 | 5 | 6 | 4 | 2 | 4 | 8 | 5 | 5 | 5 | 7 | 51 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 |
| Profit before Tax | 23 | 10 | 21 | 27 | 24 | 13 | 19 | 29 | 25 | 19 | 25 | 31 | 295 |
| Tax % | 25.05% | 31.47% | 25.64% | 20.71% | 26.00% | 27.33% | 27.90% | 29.29% | 24.78% | 20.56% | 24.35% | 26.81% | 28.77% |
| Net Profit | 0 | 0 | 0 | 0 | 18 | 9 | 14 | 20 | 19 | 15 | 19 | 22 | 210 |
| 2.91 | 1.10 | 2.57 | 3.53 | 3.00 | 1.53 | 0.79 | 3.41 | 3.11 | 2.41 | 1.05 | 2.35 | 0.51 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 356 | 591 | 944 | 1,109 | 777 | 800 | 1,134 | 1,379 | 1,312 | 1,348 | 5,708 | |
| 342 | 571 | 909 | 1,074 | 730 | 732 | 1,042 | 1,281 | 1,240 | 1,269 | 5,347 | |
| Operating Profit | 14 | 20 | 35 | 35 | 48 | 67 | 93 | 98 | 72 | 80 | 361 |
| OPM % | 3.98% | 3.42% | 3.71% | 3.12% | 6.13% | 8.43% | 8.17% | 7.12% | 5.50% | 5.90% | 6.32% |
| 0 | 0 | 0 | 1 | 13 | 6 | 37 | 13 | 33 | 26 | 34 | |
| Interest | 9 | 10 | 15 | 16 | 14 | 12 | 13 | 20 | 21 | 18 | 69 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 3 | 12 |
| Profit before Tax | 3 | 8 | 18 | 18 | 43 | 59 | 114 | 87 | 80 | 85 | 371 |
| Tax % | 33.92% | 34.02% | 35.17% | 49.40% | 26.36% | 22.82% | 25.62% | 28.08% | 24.53% | 27.74% | 27.89% |
| Net Profit | 2 | 6 | 12 | 9 | 32 | 45 | 85 | 63 | 61 | 61 | 267 |
| EPS | 0.00 | 15.14 | 32.13 | 24.59 | 85.92 | 7.57 | 14.01 | 10.45 | 9.96 | 10.10 | — |
| Dividend Payout % | 0.00% | 0.00% | 15.56% | 20.33% | 5.82% | 17.42% | 18.96% | 4.31% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 14%
- 3 Years:
- -10%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 7%
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- 26%
- 5 Years:
- 31%
- 3 Years:
- 21%
- Last Year:
- 17%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 | 12 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| 33 | 38 | 50 | 57 | 86 | 130 | 194 | 262 | 319 | 380 | |
| 132 | 198 | 298 | 348 | 210 | 201 | 338 | 414 | 393 | 368 | |
| Trade Payables | 11 | 25 | 86 | 61 | 33 | 45 | 79 | 76 | 30 | 29 |
| 3 | 35 | 8 | 22 | 26 | 34 | 43 | 19 | 15 | 120 | |
| Total Liabilities | 183 | 300 | 446 | 492 | 359 | 415 | 667 | 784 | 770 | 911 |
| 21 | 21 | 21 | 31 | 38 | 36 | 37 | 39 | 37 | 40 | |
| Capital Work in Progress | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 12 | 9 | 11 | |
| 63 | 201 | 227 | 167 | 56 | 109 | 195 | 313 | 218 | 314 | |
| 0 | 0 | 0 | 0 | 257 | 0 | 0 | 0 | 482 | 480 | |
| Cash & Bank | 16 | 2 | 1 | 3 | 4 | 5 | 8 | 4 | 10 | 53 |
| 84 | 76 | 197 | 288 | 5 | 264 | 425 | 417 | 16 | 13 | |
| Total Assets | 183 | 300 | 446 | 492 | 359 | 415 | 667 | 784 | 770 | 911 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 47 | -64 | -72 | -11 | 173 | 50 | -100 | -61 | 47 | 62 | |
| Cash from Investing | -1 | -2 | -2 | -15 | -7 | -1 | -6 | -5 | -4 | -8 |
| Cash from Financing | -32 | 56 | 78 | 38 | -155 | -33 | 125 | 89 | -39 | -12 |
| 13 | -13 | -1 | 2 | 0 | 1 | 3 | -4 | 3 | 43 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - GRM Overseas Limited has informed the Exchange about Copy of Newspaper Publication with respect to 32nd AGM and E voting Information
2026-09-06 - GRM Overseas Limited has informed the Exchange about General Updates
2026-09-06 - GRM Overseas Limited has informed the Submission of Business Responsibility & Sustainability Report (BRSR) for the Financial Year 2025-26
2026-09-06 - GRM Overseas Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-06 - GRM Overseas Limited has informed the Exchange about Publication of Notice in respect of 32nd Annual General Meeting of the Company
2026-08-27 - GRM Overseas Limited has informed the Exchange regarding Outcome of Board Meeting held on August 27, 2026.
2026-08-14 - GRM Overseas Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - GRM Overseas Limited has informed the Exchange about Investor Presentation
2026-08-12 - GRM Overseas Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Press Release Financial Highlights of the Company for the Quarter ended June30, 2026".
News
Recent coverage and analyst commentary for GRMOVER
Loading news…
AI Stock Analyst
GRM Overseas Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account