GRM Overseas Ltd. (IN:GRMOVER)
:GRMOVER
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GRM Overseas Ltd.
(GRMOVER)
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Rating:49Neutral
Price Target:
₹91.00
▼(-46.66% Downside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by very weak technical momentum and materially negative FY2026 cash flow, despite strong recent revenue growth, improving leverage, and a modest P/E valuation.
Positive Factors
Revenue rebound
A 30.9% revenue rebound in FY2026 signals renewed demand traction and successful market execution versus prior flat/decline years. Durable top-line recovery improves scale economics, supports operational leverage over multiple quarters and provides room to invest in distribution and brand building.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow in FY2026 indicates the business struggles to convert earnings into cash. Over the medium term, weak cash conversion raises refinancing and working-capital risks, constrains reinvestment ability, and can force higher reliance on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A 30.9% revenue rebound in FY2026 signals renewed demand traction and successful market execution versus prior flat/decline years. Durable top-line recovery improves scale economics, supports operational leverage over multiple quarters and provides room to invest in distribution and brand building.
Read all positive factors
GRM Overseas Ltd. (GRMOVER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.24B
Dividend YieldN/A
Average Volume (3M)27.46K
Price to Earnings (P/E)11.4
Beta (1Y)0.50
Revenue Growth31.23%
EPS Growth53.31%
CountryIN
Employees186
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)3.73
Shares Outstanding207,210,000
10 Day Avg. Volume38,164
30 Day Avg. Volume27,462
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)2.40
Price to Sales (P/S)0.82
P/FCF Ratio-19.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GRM Overseas Ltd. Business Overview & Revenue Model
Company Description
GRM Overseas Limited is primarily focused on the cultivation, processing, and global distribution of both its branded and generic basmati rice varieties. In addition to its core rice business, the company also provides spices and whole wheat flour...
How the Company Makes Money
GRM Overseas makes money mainly by selling rice and related rice products through a combination of branded and bulk/institutional channels. (1) Branded consumer sales: The company sells packaged rice under its own brands to retailers/distributors ...
GRM Overseas Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.52B | 17.69B | 13.48B | 13.12B | 13.79B | 11.34B |
| Gross Profit | 2.13B | 2.29B | 2.09B | 1.85B | 2.43B | 2.16B |
| EBITDA | 1.17B | 902.96M | 1.06B | 1.05B | 1.11B | 1.30B |
| Net Income | 678.71M | 743.42M | 612.36M | 597.81M | 628.62M | 838.39M |
Balance Sheet | ||||||
| Total Assets | 8.65B | 11.60B | 9.11B | 7.70B | 7.84B | 6.67B |
| Cash, Cash Equivalents and Short-Term Investments | 241.23M | 741.14M | 534.03M | 100.94M | 82.56M | 78.04M |
| Total Debt | 2.11B | 3.68B | 3.64B | 3.93B | 4.13B | 3.38B |
| Total Liabilities | 3.86B | 5.55B | 4.82B | 4.38B | 5.09B | 4.60B |
| Stockholders Equity | 4.75B | 6.02B | 4.26B | 3.31B | 2.74B | 2.06B |
Cash Flow | ||||||
| Free Cash Flow | 1.17B | -756.03M | 390.42M | 449.32M | -939.23M | -1.20B |
| Operating Cash Flow | 1.17B | -738.49M | 465.57M | 471.25M | -887.13M | -1.16B |
| Investing Cash Flow | -51.02M | -542.78M | -87.60M | -43.39M | -47.58M | -59.75M |
| Financing Cash Flow | -1.48B | 1.04B | 50.70M | -393.73M | 889.98M | 1.25B |
GRM Overseas Ltd. Technical Analysis
Negative
170.60
Price Trends
152.07
Negative
155.58
Negative
149.41
Negative
Market Momentum
-19.45
Positive
22.52
Positive
12.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRMOVER, the sentiment is Negative. The current price of 170.6 is above the 20-day moving average (MA) of 133.24, above the 50-day MA of 152.07, and above the 200-day MA of 149.41, indicating a bearish trend. The MACD of -19.45 indicates Positive momentum. The RSI at 22.52 is Positive, neither overbought nor oversold. The STOCH value of 12.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRMOVER.
GRM Overseas Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹14.68B | 12.83 | ― | 0.95% | -3.72% | 12.55% | |
68 Neutral | ₹132.55B | 21.20 | ― | 0.74% | 26.08% | 3.33% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | ₹28.94B | 20.97 | ― | 0.33% | 11.23% | 9.51% | |
52 Neutral | ₹959.78M | 1.20 | ― | ― | 70.85% | -77.90% | |
52 Neutral | ₹4.68B | 15.20 | ― | ― | 18.43% | 3.87% | |
49 Neutral | ₹19.24B | 11.44 | ― | ― | 31.23% | 53.31% |
* Consumer Defensive Sector Average
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GRM Overseas Ltd. Corporate Events
GRM Overseas Secures Exchange Nod to List 2.32 Crore New Equity Shares
May 26, 2026
GRM Overseas Ltd. has received trading approval from the National Stock Exchange of India and BSE Limited for 23,154,000 new equity shares with a face value of Rs. 2 each. These shares will be listed and admitted to dealings on the exchanges from ...
GRM Overseas Publishes Voting Results of May 2 EGM
May 3, 2026
GRM Overseas Ltd. has disclosed the voting results and consolidated scrutinizer’s report for its Extra-Ordinary General Meeting held on May 2, 2026, conducted via video conferencing and other audio-visual means in line with regulatory guidel...
GRM Overseas Conducts EGM via Video Conferencing with Full E-Voting Access
May 2, 2026
GRM Overseas Ltd. reported that it successfully held an Extraordinary General Meeting on May 2, 2026, via video conferencing and other audio-visual means, in line with regulatory circulars. The meeting was duly convened with the required quorum, a...
GRM Overseas Publishes EGM Notice and E-Voting Details in Newspapers
Apr 11, 2026
GRM Overseas Ltd. has announced that it has published newspaper advertisements giving notice of an Extra-Ordinary General Meeting to be held on May 2, 2026, via video conferencing and other audio-visual means. The notices, carried in the Financial...
GRM Overseas Strengthens Subsidiary Board With Independent Woman Director Appointment
Mar 14, 2026
GRM Overseas Ltd. has announced that the board of its unlisted subsidiary, GRM Foodkraft Private Limited, has appointed Mrs. Nidhi as an Additional Director in the category of Non-Executive Independent Women Director, effective March 14, 2026, for...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.