GRM Overseas Limited
NSE: GRMOVER · Other Agricultural Products · sector
₹89.81NSE close 2026-10-26
Key numbers
Market cap₹1,861 cr
Price₹89.81
52w high / low₹185 / ₹77
P/E19.1xSector median 12.8x
P/B3.1xSector median 1.4x
Book value₹29.0
Dividend yield–Sector median 0.79%
ROE14.9%Sector median 7.3%
ROCE13.2%Sector median 8.8%
OPM5.5%Sector median 6.5%
Debt / equity0.61xSector median 0.21x
EV/EBITDA21.1xSector median 11.2x
Interest cover5.7x
Current ratio2.01x
Sales growth 3y+8.7%Sector median +11.6%
Profit growth 3y+5.8%Sector median +5.8%
PEG0.61x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 69 companies in Other Agricultural Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹74 cr vs borrowings ₹366 cr (FY26): borrowings are higher by ₹292 cr.
- Operating profit covered interest 5.7x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 5.13 percentage points in a year, to 63.06% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 4 years (FY26, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 39% of net profit in the last 12 months.
- Debtor days went from 134 (FY24) to 119 (FY26).
- No dividend in the last 4 financial years.
- Price ₹89.81 on 2026-10-26: -51.6% from the 52-week high, +16.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹505.55 · low ₹77.87
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 315 | 371 | 291 | 327 | 362 | 483 | 597 | 427 |
| EBITDA | 11 | 12 | 33 | 24 | 15 | 21 | 30 | 36 |
| OPM % | 3.5% | 3.3% | 11.2% | 7.3% | 4.1% | 4.4% | 5.0% | 8.3% |
| Other income | 5 | 11 | 5 | 8 | 10 | 10 | 10 | 0 |
| Net profit | 9 | 14 | 20 | 19 | 15 | 19 | 22 | 21 |
| EPS (₹) | 0.51 | 0.75 | 1.14 | 1.04 | 0.80 | 1.05 | 2.35 | 0.51 |
| Revenue YoY | +14.9% | +30.0% | +104.9% | +30.5% | ||||
| Profit YoY | +60.6% | +41.4% | +5.5% | +10.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|
| Revenue | 1,379 | 1,312 | 1,348 | 1,769 | 1,869 |
| EBITDA | 98 | 72 | 80 | 90 | 102 |
| Net profit | 63 | 61 | 61 | 74 | 77 |
| EPS (₹) | 3.48 | 3.37 | 3.40 | 7.85 | 4.71 |
| Revenue growth | -4.9% | +2.7% | +31.2% | +43.2% | |
| Profit growth | -3.4% | +0.9% | +21.4% | +22.9% | |
| Dividend / share (₹) | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +8.6% | – | +43.2% |
| Net profit | +5.8% | – | +22.9% |
| EPS | +31.1% | – | – |
| Share price | – | +13.1% (2y) | -32.2% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 274 | 331 | 426 | 602 |
| Borrowings | 413 | 393 | 364 | 366 |
| Cash & equivalents | 4 | 10 | 53 | 74 |
| Total assets | 784 | 770 | 911 | 1,160 |
| Fixed assets | 38 | 36 | 40 | 40 |
| Capital work in progress | 0 | – | 0 | – |
| Investments | 12 | 8 | 10 | 8 |
| Receivables | 403 | 482 | 480 | 577 |
| Inventory | 313 | 218 | 314 | 435 |
| Payables | 76 | 30 | 29 | 47 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | -89 | 47 | 62 | -54 |
| Cash from investing | -5 | -4 | -8 | -53 |
| Cash from financing | 89 | -39 | -12 | 82 |
| Capex | 5 | 2 | 8 | 2 |
| Free cash flow | -94 | 45 | 55 | -55 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 22.9% | 18.4% | 14.4% | 12.4% |
| ROCE % | 15.6% | 14.0% | 13.0% | 12.8% |
| Debtor days | 107 | 134 | 130 | 119 |
| Inventory days | 101 | 71 | 102 | 104 |
| Payable days | 24 | 10 | 9 | 11 |
| Cash conversion cycle (days) | 184 | 195 | 223 | 212 |
| Working capital days | 60 | 81 | 103 | 114 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 63.06% |
| FIIs | 6.34% |
| DIIs | 2.91% |
| Public (non-institutions) | 27.69% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Feb 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.84% | 68.19% | 68.27% | 68.27% | 62.39% | 62.51% | 63.06% | 63.06% |
| Promoter group | % |
|---|---|
| Hukam Chand Garg | 21.88% |
| Atul Garg | 20.91% |
| Mamta Garg | 20.27% |
| Jugpati Devi | 0.00% |
| Rameshwar Dass Garg | 0.00% |
| Reena Jain | 0.00% |
| Gauri Garg | 0.00% |
| Tanush Garg | 0.00% |
| Nandini Garg | 0.00% |
| Sohan LAL Singal | 0.00% |
| Sandeep Kumar Singal | 0.00% |
| `pardeep Kumar Singal | 0.00% |
| Vedant Garg | 0.00% |
| Aabhas Garg | 0.00% |
| Atul Kumar Garg HUF | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 3.84% |
| Singularity Equity Fund I | 2.91% |
| Forbes EMF | 2.90% |
| Coeus Global Opportunities Fund | 2.90% |
| RG HUF | 2.42% |
29,343 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Agricultural Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTFOODS | ₹13,272 cr | 20.7x | 2.9x | 15.3% | 18.8% | 10.7% | +26.3% | 0.79% |
| KRBL | ₹8,074 cr | 10.7x | 1.4x | 13.7% | 17.2% | 16.5% | +4.4% | 1.00% |
| GAEL | ₹6,471 cr | 15.6x | 2.0x | 13.2% | 15.5% | 9.9% | +5.3% | 0.18% |
| KSCL | ₹3,578 cr | 14.5x | 2.0x | 15.3% | 14.6% | 22.9% | +9.2% | 0.72% |
| TRUALT | ₹3,347 cr | 23.9x | 2.2x | 9.8% | 11.7% | 18.6% | – | – |
| AEROPLANE | ₹2,135 cr | 16.5x | 2.3x | 11.2% | 13.3% | 9.8% | – | – |
| GRMOVER | ₹1,861 cr | 19.1x | 3.1x | 14.9% | 13.2% | 5.5% | +8.7% | – |
| SANSTAR | ₹1,801 cr | 37.5x | 2.6x | 6.5% | 7.4% | 6.6% | – | – |
| TRUEGREEN | ₹1,437 cr | 11.8x | 9.0x | 39.0% | 17.5% | 19.0% | – | – |
| AVTNPL | ₹1,337 cr | 16.0x | 2.4x | 15.7% | 17.3% | 13.8% | +7.0% | 0.85% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Food | ₹1,289 cr | 72.9% | ₹72 cr | 5.6% |
| Edible Oil | ₹480 cr | 27.1% | ₹1 cr | 0.1% |
| Others | ₹0 cr | 0.0% | ₹0 cr | 1.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-12-24 | Bonus | Bonus 2:1 |
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Food, beverages and tobacco products
| Sector | Fast Moving Consumer Goods |
| Industry | Other Agricultural Products |
| Sub-industry | Other Agricultural Products |
| Symbol | GRMOVER |
| BSE code | 531449 |
| ISIN | INE192H01020 |
| Face value | ₹2.0 |
| Incorporated | 1995-01-03 |
| Website | www.grmrice.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.