MarketFriction

GRM Overseas Ltd

NSE GRMOVER · BSE 531449 · Other Agricultural Products
₹77.87 -1.33%
NSE close2026-10-01
52 week range78.06 - 185.45
Market cap₹1,632 Cr.
P/E21.3
Price band 20% Delivery 19.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales204382406370315371291327362483597427
Expenses196364384347304359259303348461567391
Operating Profit81822231112332415213036
OPM %3.9%4.8%5%6%3.5%3.3%11%7%4.1%4.4%5%8%
Other Income79125511581010100
Interest456424855575
Depreciation111111111111
Profit before tax102127241319292519253130
Tax %31%26%21%26%27%28%29%25%21%24%27%28%
Net Profit7152118914201915192221
EPS in Rs0.370.861.181.000.510.751.141.040.801.041.041.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3555919431,1077497701,1341,3791,3121,3471,7691,869
Expenses3415719081,0727027021,0411,2811,2401,2671,6791,767
Operating Profit1420353548679398728090102
OPM %4.0%3.4%3.7%3.1%6%9%8%7%6%6%5%5%
Other Income0-001136371333263729
Interest91015161412132021182322
Depreciation222233344334
Profit before tax3818184359114878085101105
Tax %34%34%35%49%26%23%26%28%25%28%25%
Net Profit261293245856361617476
EPS in Rs0.120.340.710.541.902.554.663.483.323.373.533.90
Dividend Payout %0%0%0%20%6%17%66%4%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%18%9%43%
Compounded Profit Growth43%10%5%23%
Stock Price CAGR51%1%6%-34%
Return on Equity23%21%16%14%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4444441212121241
Reserves3338505786131194262319414560
Borrowings132198292348210188338413393364368
Other Liabilities15601008359921239746121191
Total Liabilities1833004464923594156677847709111,160
Fixed Assets2121213138363739374041
CWIP00030000000
Investments0000002129119
Other Assets1622794254593213796287337258601,111
Total Assets1833004464923594156677847709111,160
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity46-67-77-2116235-116-894762-54
Cash from Investing Activity-1-2-2-15-7-1-6-5-4-8-53
Cash from Financing Activity-32567838-155-3312589-39-1282
Net Cash Flow13-13-12013-4343-24
Free Cash Flow45-69-79-3615534-120-944556-55
CFO/OP330%-316%-207%-33%363%74%-108%-62%98%113%-30%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days85467492125120130107134130119
Inventory Days771471036433678010171102104
Days Payable141839232028322410911
Cash Conversion Cycle148174138132139159177183195223212
Working Capital Days444313824455259788999
ROCE %9%11%9%16%23%29%17%14%14%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.72%71.72%72.16%72.29%72.29%72.29%72.43%70.84%68.19%68.27%62.51%63.06%
FIIs0.00%0.08%0.26%0.67%0.23%0.17%0.72%1.89%3.36%4.92%9.50%7.28%
DIIs0.02%0.00%0.00%0.00%0.25%0.25%0.25%0.49%1.82%1.63%2.91%2.91%
Public28.27%28.20%27.58%27.05%27.23%27.29%26.59%26.78%26.63%25.18%25.08%26.75%
No. of Shareholders26,01625,30225,24825,57134,19933,91927,78023,83723,08324,63822,61529,061

Fundamentals

Market Cap₹ 1,632 Cr.
Current Price₹ 78.8
Stock P/E21.3
Book Value₹ 29.0
ROCE14.0 %
ROE14.2 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)43%
Compounded Profit Growth (TTM)23%
Consolidated figures.
Valuation
Market capRs 1,614 Cr
Enterprise valueRs 1,908 Cr
P/E (TTM)21.11x
Price to book2.68x
Price to sales0.86x
EV / EBITDA14.52x
EV / EBIT14.94x
EV / sales1.02x
Earnings yield4.74%
P/E, 3-year average18.69x
P/B, 3-year average2.41x
P/E, 5-year average15.44x
P/B, 5-year average2.96x
Profitability
Operating margin (excl. other income)5.10%
Operating margin (incl. other income)7.18%
EBITDA margin7.03%
Pre-tax margin5.63%
Net profit margin4.09%
Net margin, latest quarter4.93%
ROE14.22%
ROCE14.04%
ROA7.05%
ROE, 3-year average16.67%
ROCE, 3-year average13.97%
ROA, 3-year average7.32%
ROE, 5-year average25.08%
ROCE, 5-year average17.71%
ROA, 5-year average9.22%
ROIC (approx.)10.76%
Tax rate24.52%
Other income / net worth6.09%
Growth
Sales growth (latest year)31.37%
Profit growth (latest year)20.54%
Sales CAGR, 3 years8.65%
Sales CAGR, 5 years18.11%
Profit CAGR, 3 years5.24%
Profit CAGR, 5 years10.07%
Sales growth QoQ-28.58%
Profit growth QoQ-2.64%
Sales growth YoY (latest quarter)30.52%
Profit growth YoY (latest quarter)10.21%
Per share
EPS (TTM)Rs 3.69
EPS (latest year)Rs 3.53
EPS (latest quarter)Rs 1.02
EPS, 3-year averageRs 7.86
EPS, 5-year averageRs 9.60
Book value per shareRs 29.03
Sales per shareRs 90.19
Cash flow per shareRs -2.59
Free cash flow per shareRs -2.65
Dividend per share, 5-year averageRs 4.85
Dividends
Dividend payout, 5-year average35.25%
Efficiency
Asset turnover1.52x
Fixed asset turnover43.61x
Inventory turnover3.63x
Inventory days101 days
Debtor days119 days
Debtors turnover3.07x
Creditor days11 days
Cash conversion cycle212 days
Working capital days99 days
Leverage
Total debtRs 368 Cr
Cash and bankRs 74 Cr
Net debtRs 294 Cr
Debt to equity0.61x
Net debt / EBITDA2.24x
Interest coverage5.69x
Current ratio (filing 2026-03-31)2.01x
Quick ratio (filing 2026-03-31)1.21x
Trade payables (filing 2026-03-31)Rs 47 Cr
Owners' fund to total sources51.86%
Debt to assets31.69%
Cash flow
Cash from Operating Activity (latest year)Rs -54 Cr
Cash from Investing Activity (latest year)Rs -53 Cr
Cash from Financing Activity (latest year)Rs 82 Cr
Net Cash Flow (latest year)Rs -24 Cr
Free cash flow (latest year)Rs -55 Cr
FCFE (approx.: FCF + change in debt)Rs -52 Cr
Cash from ops / profit, 5 years-0.44x
Statement figures
Net sales (TTM)Rs 1,869 Cr
Net sales (latest year)Rs 1,769 Cr
Sales (latest quarter)Rs 427 Cr
Operating profit excl. other income (latest year)Rs 90 Cr
Operating profit (latest quarter)Rs 36 Cr
Other income (TTM)Rs 29 Cr
EBITDA (TTM)Rs 131 Cr
PBDT (TTM)Rs 109 Cr
Profit before tax (TTM)Rs 105 Cr
Tax (latest year)Rs 25 Cr
Net profit (TTM)Rs 76 Cr
Net profit (latest year)Rs 73 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 1,578 Cr
Total expenditure (latest year)Rs 1,679 Cr
Total income (latest year)Rs 1,806 Cr
Share capitalRs 41 Cr
ReservesRs 560 Cr
Shareholders' fundsRs 602 Cr
Total assetsRs 1,160 Cr
Net blockRs 41 Cr
InvestmentsRs 9 Cr
ReceivablesRs 577 Cr
InventoryRs 435 Cr
Other liabilitiesRs 191 Cr
Shares outstanding (crore)20.72
Ownership
Promoter holding63.06% (-7.78 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.1 is at the 48th percentile of its own 9.4-year range (median 21.4, low 2.5, high 120.9).
P/B 2.68 is at the 32th percentile (median 4.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGRMOVERNifty 50Difference
1 week-2.5%-2.8% +0.3 pts
1 month-8.7%-6.8% -1.9 pts
3 months-21.2%-7.6% -13.5 pts
6 months-49.0%+0.4% -49.4 pts
1 year-37.1%-9.9% -27.2 pts
2 years-13.4%-13.6% +0.1 pts
3 years+16.6%+14.2% +2.4 pts
5 years+4.2%+27.9% -23.7 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 29% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2026
lookShare dilution Share count up 15% in a year, 15% in three
lookAuditor change Auditor change 2026-05-29: GRM Overseas Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹427 Cr +30.6% vs Jun 2025. Net profit ₹21 Cr +10.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-12-24Bonus 2:10.3333
2024-09-20Annual General Meeting
2023-09-18Annual General Meeting
2022-09-22Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-06General UpdatesGeneral Updates
2026-09-06General UpdatesGRM Overseas Limited has informed the Submission of Business Responsibility & Sustainability Report (BRSR) for the Financial Year 2025-26
2026-09-06Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-08-27Board meeting outcomeOutcome of Board Meeting held on August 27, 2026.
2026-08-12Investor PresentationInvestor Presentation
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "Press Release Financial Highlights of the Company for the Quarter ended June30, 2026".
2026-08-12Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-08-12Board meeting outcomeGRM Overseas Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-21Credit Rating- RevisionCredit Rating- Revision
2026-06-29Disclosure under SEBI TakeovHukam Chand Garg has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-11Price movementSignificant movement in price has been observed in GRM Overseas Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-06-10Price movementSignificant movement in price has been observed in GRM Overseas Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-06-03Disclosure under SEBI TakeovMamta Garg has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-06-03Disclosure under SEBI TakeovATUL GARG has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisi...
2026-05-30Press ReleaseA press release dated May 30, 2026, titled "Press Release Financial Highlights for Quarter and Financial Year endedMarch 31, 2026".
2026-05-30Investor PresentationInvestor Presentation
2026-05-29Change in AuditorsChange in Auditors of the company.
2026-05-29Board meeting outcomeGRM Overseas Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26General UpdatesThe receipt of trading approval of 2,31,54,000 equity shares of face value of Rs. 2 each
2026-05-13Monitoring Agency ReportMonitoring Agency Report for the Quarter ended March 31, 2026
2026-05-03Shareholder meetingVoting results.
2026-05-02Shareholder meetingProceedings of Extraordinary General Meeting held on May 02, 2026
2026-04-29General UpdatesReceipt of In principal approval
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of GRM Overseas Ltd?

GRM Overseas Ltd (GRMOVER) has a market capitalisation of Rs 1,632 Cr. at the 2026-10-01 close.

What is the P/E ratio of GRM Overseas Ltd?

GRM Overseas Ltd trades at a P/E of 21.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were GRM Overseas Ltd's latest quarterly results?

In the Jun 2026 quarter, GRM Overseas Ltd sales was Rs 427 Cr (+30.6% vs Jun 2025) and net profit was Rs 21 Cr.

What is the 52-week high and low of GRM Overseas Ltd?

The 52-week high is Rs 185.45 and the 52-week low is Rs 78.06.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03