GRM Overseas Ltd

GRM Overseas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GRM Overseas Ltd

₹ 202 2.14%
15 Jan 3:08 p.m.
grmrice.com BSE: 531449 NSE: GRMOVER
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 ₹ 1,215 Cr.
  • Current Price ₹ 202
  • High / Low ₹ 289 / 113
  • Stock P/E 19.0
  • Book Value ₹ 65.1
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 19.8 %
  • 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 29.0%

Cons

  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.30.2 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

Sector: FMCG Industry: Food - Processing - Indian

Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
253.00 296.83 362.07 318.25 270.64 356.94 433.63 320.36 203.67 382.48 405.93 370.08 315.49
221.61 273.61 351.41 287.87 248.33 332.23 412.78 296.19 195.77 364.18 384.11 346.63 304.32
Operating Profit 31.39 23.22 10.66 30.38 22.31 24.71 20.85 24.17 7.90 18.30 21.82 23.45 11.17
OPM % 12.41% 7.82% 2.94% 9.55% 8.24% 6.92% 4.81% 7.54% 3.88% 4.78% 5.38% 6.34% 3.54%
4.96 16.40 14.78 0.56 -0.47 8.19 4.48 5.54 6.71 8.60 11.68 5.18 4.73
Interest 2.38 3.19 4.23 4.91 3.33 5.61 5.98 5.58 4.08 5.18 5.76 3.55 2.45
Depreciation 0.78 0.79 0.85 0.81 0.77 0.82 1.38 0.86 0.87 0.89 1.05 0.73 0.80
Profit before tax 33.19 35.64 20.36 25.22 17.74 26.47 17.97 23.27 9.66 20.83 26.69 24.35 12.65
Tax % 26.30% 25.20% 25.83% 27.36% 23.00% 25.92% 37.23% 25.05% 31.47% 25.64% 20.76% 25.95% 27.43%
24.47 26.66 15.09 18.31 13.66 19.61 11.28 17.44 6.62 15.49 21.17 18.02 9.19
EPS in Rs 4.08 4.44 2.52 3.05 2.28 3.27 1.88 2.91 1.10 2.58 3.53 3.00 1.53
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 TTM
355 591 943 1,107 749 770 1,134 1,379 1,312 1,474
341 571 908 1,072 702 702 1,041 1,281 1,240 1,399
Operating Profit 14 20 35 35 48 67 93 98 72 75
OPM % 4% 3% 4% 3% 6% 9% 8% 7% 6% 5%
0 -0 0 1 13 6 37 13 33 30
Interest 9 10 15 16 14 12 13 20 21 17
Depreciation 2 2 2 2 3 3 3 4 4 3
Profit before tax 3 8 18 18 43 59 114 87 80 85
Tax % 34% 34% 35% 49% 26% 23% 26% 28% 25%
2 6 12 9 32 45 85 63 61 64
EPS in Rs 0.37 1.01 2.15 1.64 5.74 7.65 13.97 10.45 9.96 10.64
Dividend Payout % 0% 0% 0% 20% 6% 17% 66% 4% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 19%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 10%
TTM: 16%
Stock Price CAGR
10 Years: 48%
5 Years: 77%
3 Years: -37%
1 Year: 4%
Return on Equity
10 Years: %
5 Years: 31%
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 Sep 2024
Equity Capital 4 4 4 4 4 4 12 12 12 12
Reserves 33 38 50 57 86 131 194 262 319 379
132 198 292 348 210 188 338 413 393 213
15 60 100 83 59 92 123 97 46 53
Total Liabilities 183 300 446 492 359 415 667 784 770 656
21 21 21 31 38 36 37 39 37 39
CWIP 0 0 0 3 0 0 0 0 0 0
Investments 0 0 0 0 0 0 2 12 9 11
162 279 425 459 321 379 628 733 725 607
Total Assets 183 300 446 492 359 415 667 784 770 656

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

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.00% 72.00% 72.00% 72.00% 72.00% 71.72% 71.72% 71.72% 71.72% 72.16% 72.29% 72.29%
0.04% 0.12% 0.00% 0.00% 0.00% 0.07% 0.00% 0.00% 0.08% 0.26% 0.67% 0.23%
0.00% 0.00% 0.00% 0.06% 0.16% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.25%
27.96% 27.88% 28.00% 27.93% 27.83% 28.21% 28.28% 28.27% 28.20% 27.58% 27.05% 27.23%
No. of Shareholders 12,79618,24918,87518,98318,74819,39521,03126,01625,30225,24825,57134,199

* 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

Announcements

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Concalls

  • Aug 2023
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  • May 2023
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  • Feb 2023
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  • Nov 2022
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  • Oct 2021
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  • Nov 2019
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  • Feb 2019
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  • Aug 2018
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