GRMOVER

GRM Overseas Limited

Rice processor and exporter of basmati and value-added rice

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Other Agricultural Products

grmrice.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹94.61
Market cap
1,960 Cr
Stock P/E
25.6
P/B
3.26
Dividend yield
0.1%
ROE (FY26)
12.3%
ROCE (FY26)
12.5%
Operating margin (FY26)
4.9%
Debt / equity (FY26)
0.61
OCF / EBITDA (FY26)
-59.4%
OCF / EBITDA (3Y)
23.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

GRM Overseas (GRM) processes rice and sells it, along with atta and edible oil, under its 10X brand in India and to export customers in 55+ countries.

Company snapshot

7thBy market cap

Ranked among 23 companies in Other Agricultural Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 76.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Edible Oil
22.9%
85 Cr0.21 Cr7 Cr
Food
76.3%
283 Cr9 Cr883 Cr
Others
0.8%
3 Cr0.03 Cr9 Cr

What we see

Concerns
  • ✗Only 23% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales204 Cr382 Cr406 Cr370 Cr315 Cr371 Cr291 Cr327 Cr362 Cr483 Cr597 Cr427 Cr
Operating expenses (approx.)196 Cr364 Cr384 Cr347 Cr304 Cr359 Cr259 Cr303 Cr348 Cr461 Cr567 Cr391 Cr
EBITDA8 Cr18 Cr22 Cr23 Cr11 Cr12 Cr33 Cr24 Cr15 Cr21 Cr30 Cr36 Cr
OPM %3.9%4.8%5.4%6.3%3.5%3.3%11.2%7.3%4.1%4.4%5.0%8.3%
Other income7 Cr9 Cr12 Cr5 Cr5 Cr11 Cr5 Cr8 Cr10 Cr10 Cr10 Cr0.48 Cr
Interest4 Cr5 Cr6 Cr4 Cr2 Cr4 Cr8 Cr5 Cr5 Cr5 Cr7 Cr5 Cr
Depreciation0.87 Cr0.89 Cr1 Cr0.73 Cr0.80 Cr0.74 Cr0.84 Cr0.80 Cr0.79 Cr0.80 Cr1 Cr0.98 Cr
Profit before tax10 Cr21 Cr27 Cr24 Cr13 Cr19 Cr29 Cr25 Cr19 Cr25 Cr30 Cr30 Cr
Tax %31.4%25.6%20.7%26.0%27.4%27.9%29.3%24.8%20.5%24.5%28.0%28.8%
Net profit7 Cr15 Cr21 Cr18 Cr9 Cr14 Cr20 Cr19 Cr15 Cr19 Cr22 Cr21 Cr
EPS (₹)₹1.10₹2.57₹3.53₹3.00₹1.53₹2.26₹3.41₹3.11₹2.41₹1.05₹2.35₹0.51

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales591 Cr944 Cr1,109 Cr777 Cr799 Cr1,134 Cr1,379 Cr1,312 Cr1,348 Cr1,769 CrSign in free for the trailing twelve months
Operating expenses (approx.)571 Cr909 Cr1,074 Cr730 Cr732 Cr1,042 Cr1,281 Cr1,240 Cr1,269 Cr1,679 CrSign in free for the trailing twelve months
EBITDA20 Cr35 Cr35 Cr48 Cr67 Cr93 Cr98 Cr72 Cr80 Cr90 CrSign in free for the trailing twelve months
OPM %3.4%3.7%3.1%6.1%8.4%8.2%7.1%5.5%5.9%5.1%Sign in free for the trailing twelve months
Other income0.0005 Cr0.07 Cr1 Cr13 Cr6 Cr37 Cr13 Cr33 Cr26 Cr37 CrSign in free for the trailing twelve months
Interest10 Cr15 Cr16 Cr14 Cr12 Cr13 Cr20 Cr21 Cr18 Cr23 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr2 Cr3 Cr3 Cr3 Cr4 Cr4 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax8 Cr18 Cr18 Cr43 Cr59 Cr114 Cr87 Cr80 Cr85 Cr99 CrSign in free for the trailing twelve months
Tax %34.0%35.2%49.4%26.4%22.8%25.6%28.1%24.5%27.7%24.9%Sign in free for the trailing twelve months
Net profit6 Cr12 Cr9 Cr32 Cr45 Cr85 Cr63 Cr61 Cr61 Cr74 CrSign in free for the trailing twelve months
EPS (₹)₹15.14₹32.13₹24.59₹85.92₹118.49₹14.01₹10.45₹10.12₹10.21₹7.85Sign in free for the trailing twelve months
Dividend payout %————21.4%18.8%4.3%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital4 Cr4 Cr5 Cr4 Cr4 Cr12 Cr12 Cr12 Cr12 Cr41 Cr
Reserves38 Cr48 Cr57 Cr86 Cr131 Cr194 Cr262 Cr319 Cr414 Cr560 Cr
Borrowings198 Cr292 Cr348 Cr210 Cr187 Cr338 Cr413 Cr393 Cr364 Cr366 Cr
Other liabilities59 Cr66 Cr84 Cr60 Cr92 Cr122 Cr96 Cr44 Cr118 Cr189 Cr
Total liabilities299 Cr410 Cr494 Cr359 Cr415 Cr667 Cr784 Cr770 Cr911 Cr1,160 Cr
Fixed assets (net)21 Cr21 Cr31 Cr37 Cr35 Cr37 Cr38 Cr36 Cr40 Cr40 Cr
CWIP——3 Cr0 Cr0 Cr0 Cr0 Cr—0.05 Cr—
Investments0.24 Cr1 Cr1 Cr0 Cr0.11 Cr2 Cr12 Cr9 Cr11 Cr9 Cr
Inventories200 Cr194 Cr167 Cr56 Cr109 Cr195 Cr313 Cr218 Cr314 Cr435 Cr
Trade receivables74 Cr187 Cr279 Cr257 Cr253 Cr404 Cr403 Cr482 Cr480 Cr577 Cr
Cash & bank2 Cr0.45 Cr3 Cr3 Cr5 Cr8 Cr3 Cr7 Cr49 Cr25 Cr
Other assets2 Cr6 Cr10 Cr6 Cr13 Cr22 Cr15 Cr19 Cr17 Cr74 Cr
Total assets299 Cr410 Cr494 Cr359 Cr415 Cr667 Cr784 Cr770 Cr911 Cr1,160 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-67 Cr-78 Cr—162 Cr35 Cr-116 Cr-89 Cr47 Cr62 Cr-54 Cr
Cash from investing-2 Cr-2 Cr—-7 Cr-0.86 Cr-6 Cr-5 Cr-4 Cr-8 Cr-53 Cr
Cash from financing56 Cr79 Cr—-155 Cr-33 Cr125 Cr89 Cr-39 Cr-12 Cr82 Cr
Net cash flow-13 Cr-0.69 Cr—0.40 Cr1 Cr3 Cr-4 Cr3 Cr43 Cr-24 Cr
Free cash flow (OCF − Capex)-69 Cr-80 Cr——34 Cr-120 Cr-94 Cr45 Cr55 Cr-55 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.6%9.6%8.3%19.2%21.9%23.2%15.6%13.9%12.9%12.5%
ROE %13.3%22.6%14.6%35.3%33.6%40.9%22.9%18.3%14.3%12.3%
Debtor days467491121115130106134130119
Inventory days519294653963759283148149
Days payable63782423233022111316
Cash conversion cycle502290133136155174176206264251
OCF / EBITDA %-330.8%-223.2%—340.3%52.6%-124.8%-90.3%65.3%78.3%-59.4%
OCF / EBITDA % (3 years)—————39.4%-65.6%-59.8%8.3%23.1%
Debt / equity4.715.665.592.331.391.651.511.190.860.61
Current ratio1.341.301.061.201.361.371.451.671.802.01
Net debt / EBITDA0.000.009.954.332.733.574.175.353.953.77