GRM Overseas Ltd. (GRMOVER) AI Stock Analysis

• Market Cap: ₹31.47B
• Dividend Yield: N/A
• Average Volume (3M): 27.46K
• Price to Earnings (P/E): 46.0
• Beta (1Y): 0.94
• Revenue Growth: -8.29%
• EPS Growth: 4.70%
• Country: IN
• Employees: 186
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.79
• Shares Outstanding: 184,056,000
• 10 Day Avg. Volume: 38,164
• 30 Day Avg. Volume: 27,462
• PEG Ratio: 6.56
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 14.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹534.00 ▲(213.01% Upside)

The overall stock score for GRM Overseas Ltd. is primarily driven by strong technical indicators, suggesting bullish momentum. However, the high P/E ratio indicates overvaluation, and financial performance highlights potential risks due to fluctuating cash flows and declining operational margins.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a stable demand for GRM's products and effective market penetration, supporting long-term business sustainability.

Profitability

Strong profit margins reflect efficient cost management and pricing power, which are critical for sustaining profitability over time.

Leverage Management

A moderate leverage ratio indicates prudent financial management, reducing risk and enhancing financial stability in volatile markets.

Negative Factors

Operational Efficiency

Decreasing operational margins could impact profitability, indicating the need for improved cost control and operational strategies.

Cash Flow Variability

Variable cash flows can lead to liquidity issues, affecting the company's ability to invest in growth opportunities and manage financial obligations.

Equity Financing Risk

Lower equity reliance may increase vulnerability to market volatility, potentially affecting financial flexibility and risk management.

GRM Overseas Ltd. Business Overview & Revenue Model

Company Description

GRM Overseas Limited primarily engages in the milling, processing, and marketing of branded and non-branded basmati rice in India and internationally. The company also offers spices; and chakki fresh atta under the Shakti brand. It exports its products to 35 countries, including the Middle East, the United Kingdom, and Europe. It markets its products under 10X, 7 Express, Tanoush, and Himalaya brands. The company was founded in 1978 and is based in Panipat, India.

How the Company Makes Money

GRM Overseas Ltd. generates revenue primarily through the export of rice and other food products. Its revenue model is centered around bulk sales to wholesalers, distributors, and retailers both domestically and internationally. Key revenue streams include the sale of different types of rice, including basmati and non-basmati varieties, as well as other agro-based products like pulses and grains. The company also benefits from strategic partnerships with suppliers and distributors, which enhance its distribution network and market reach. Additionally, fluctuations in global commodity prices, trade agreements, and demand for organic and high-quality food products play significant roles in influencing its earnings.

GRM Overseas Ltd. Financial Statement Overview

Summary

GRM Overseas Ltd. demonstrates strong revenue growth and profitability with efficient cost management. However, fluctuating cash flows and declining operational margins pose potential risks to future stability and growth.

Income Statement

GRM Overseas Ltd. has shown consistent revenue growth, with a Revenue Growth Rate of 2.73% in 2025. The company maintains a solid Gross Profit Margin of 15.49% and a Net Profit Margin of 4.54% in 2025, indicating efficient cost management and profitability. However, declining EBIT and EBITDA margins suggest potential challenges in operational efficiency.

Balance Sheet

The company has a moderate Debt-to-Equity Ratio of 0.86, reflecting a balanced approach to leverage. The Return on Equity is 14.38%, demonstrating effective use of equity to generate profits. However, the Equity Ratio of 46.73% indicates a lower reliance on equity financing, which could pose risks in volatile markets.

Cash Flow

GRM Overseas Ltd. has seen fluctuations in free cash flow, with a decline of 13.10% in 2025. The Operating Cash Flow to Net Income Ratio is 0.76, showing a reasonable ability to convert income into cash. Nonetheless, the significant variability in cash flows highlights potential liquidity concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.05B	13.48B	13.12B	13.79B	11.34B	7.70B
Gross Profit	2.17B	2.09B	1.85B	2.43B	2.16B	1.94B
EBITDA	1.09B	1.06B	1.05B	1.11B	1.30B	734.58M
Net Income	623.04M	612.36M	597.81M	628.62M	838.39M	452.24M
Balance Sheet
Total Assets	0.00	9.11B	7.70B	7.84B	6.67B	4.15B
Cash, Cash Equivalents and Short-Term Investments	534.03M	534.03M	100.94M	82.56M	78.04M	49.75M
Total Debt	0.00	3.64B	3.93B	4.13B	3.38B	2.01B
Total Liabilities	-4.28B	4.82B	4.38B	5.09B	4.60B	2.80B
Stockholders Equity	4.28B	4.26B	3.31B	2.74B	2.06B	1.35B
Cash Flow
Free Cash Flow	0.00	390.42M	449.32M	-939.23M	-1.20B	341.44M
Operating Cash Flow	0.00	465.57M	471.25M	-887.13M	-1.16B	352.01M
Investing Cash Flow	0.00	-87.60M	-43.39M	-47.58M	-59.75M	-8.59M
Financing Cash Flow	0.00	50.70M	-393.73M	889.98M	1.25B	-329.68M

GRM Overseas Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 170.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRMOVER, the sentiment is Positive. The current price of 170.6 is above the 20-day moving average (MA) of 162.16, above the 50-day MA of 156.63, and above the 200-day MA of 125.83, indicating a bullish trend. The MACD of 4.25 indicates Negative momentum. The RSI at 62.18 is Neutral, neither overbought nor oversold. The STOCH value of 63.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GRMOVER.

GRM Overseas Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRMOVER	72 Outperform	₹31.47B	46.02	―	―	-8.29%	4.70%
CLSEL	72 Outperform	₹13.16B	13.98	―	0.95%	-11.39%	-12.82%
LTFOODS	71 Outperform	₹127.18B	19.99	―	0.74%	18.77%	5.76%
PARAGMILK	65 Neutral	₹33.80B	24.17	―	0.33%	13.73%	32.07%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KOHINOOR	51 Neutral	₹960.52M	0.26	―	―	―	―
SARVESHWAR	51 Neutral	₹5.34B	15.13	―	―	29.26%	46.09%

GRM Overseas Ltd. Corporate Events

GRM Overseas Sets December 24, 2025 Record Date for 2:1 Bonus Share Issue

GRM Overseas Ltd. has set 24 December 2025 as the record date for a bonus issue of equity shares in the ratio of 2:1, granting shareholders two new fully paid-up shares of Rs. 2 each for every existing share held. The bonus issue, with a deemed allotment date of 26 December 2025, effectively triples the company’s share count and is likely aimed at improving liquidity and broadening investor participation, while shareholders holding physical certificates are required to dematerialize their holdings before the record date or have their bonus shares parked in a suspense account until demat formalities are completed.

GRM Overseas Reports No Activity in Physical Share Transfers

GRM Overseas Limited has reported to the Bombay Stock Exchange and the National Stock Exchange of India regarding the status of transfer requests for physical shares re-lodged under a special window as per a SEBI circular. The company confirmed that no requests were received, processed, approved, or rejected during the period from September 1 to September 30, 2025, indicating no activity in this area for the specified timeframe.

GRM Overseas Expands ’10X’ Brand in Saudi Arabia Through Strategic Partnership

GRM Overseas Limited has entered into a strategic partnership with Seven Star Company Limited to distribute its flagship basmati rice brand ’10X’ across Saudi Arabia. This collaboration is a significant step in GRM’s strategy to enhance its presence in international markets, particularly in the Middle East, leveraging Seven Star’s robust distribution network to reach a broader consumer base.