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GRM Overseas Ltd share Price Today

Company details

171.00
177.97
113.00
230.40
6M Return -20.14%
1Y Return -9.73%
Mkt Cap.(Cr) 1,028.76
Volume 427,125
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 427,125

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Agricultural Products company GRM Overseas announced Q1FY24 results:

  • Total Revenue grew marginally to Rs 325.9 crore from Rs 318.8 crore in Q1FY23
    • GRM’s Foodkraft revenue grew by 8% YoY to Rs 41.1 crore
    • Export business stood at Rs 268.7 crore
  • EBITDA at Rs 29.7 crore as against Rs 30.9 crore in Q1FY23 and Rs 25.3 crore in Q4FY23
    • EBITDA Margin up by 333 bps on QoQ level, to 9.1% in Q1FY24, from 5.8% in Q4FY23, indicating a return to normalcy
  • PAT stood at Rs 17.4 crore with a PAT Margin of 5.4%

Speaking about the performance and recent updates, Atul Garg, Managing Director, said, “We have reported a decent quarterbacked by high single-digit revenue growth in the branded domestic business (GRM Foodkraft), while our export business remained steady. Our EBITDA has recovered significantly on a sequential basis and is expected to improve further.

We have been witnessing stimulated demand and improved liquidity of our stock of basmati rice after the Govt. banned the export of non-basmati rice. The shift in demand from non-basmati to basmati rice in export would lead to higher exports.

While we anticipate strong revenue growth in exports, our domestic branded business is making consistent strides, as demand in Tier-II and Tier-III towns is moving towards the branded segments. We are strategically positioning our products to capture both conventional customers and contemporary customers who prefer buying products online. We have an unwavering belief in our ability to position ourselves as the preeminent and reliable standalone consumer staples brand in the country. This conviction is underpinned by the growing acceptance and demand of our 10X brand in the domestic market.”

 

 

Result PDF

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GRM Overseas Ltd shares SWOT Analysis

Strengths (9)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (5)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 176.0
R2 180.4
R3 182.9
Pivot

173.48

S1 169.0
S2 166.5
S3 162.0
EMA SMA
147.0
145.6
153.4
175.0
144.7
142.1
153.8
174.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
OM PARKASH Bulk Sell 2020-12-09 387.47 23913 BSE
KISHNI DEVI Bulk Sell 2020-09-10 327.55 20000 BSE
DHIRAJ MITTAL Bulk Sell 2020-07-30 231.85 25000 BSE
Name Category Shares
HUKAM CHAND GARG PROMOTER 25.01%
ATUL GARG PROMOTER 23.95%
MAMTA GARG PROMOTER 23.21%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

GRM Overseas Ltd Stocks COMPARISON

Financials( in Cr) GRM Overseas Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 171.46 2,479.75 2,542.50 1,639.25 1,392.95
% Change 0.63 -0.31 -0.36 3.85 -1.16
Mcap Cr 1,028.76 582,639.83 245,136.92 213,004.80 142,473.71
Revenue TTM Cr 1,379.46 61,896.00 17,423.38 16,042.58 13,315.97
Net Profit TTM Cr 62.86 10,282.00 2,390.52 2,101.81 1,702.46
PE TTM 16.95 56.71 76.90 98.38 74.33
1 Year Return -9.73 -7.33 13.04 103.00 31.98
ROCE 17.46 25.00 59.47 27.83 16.35
ROE 26.43 20.26 108.52 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 274.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

GRM Overseas Ltd Information

Stock PE (TTM)
16.95
Promoter Holding
72.17%
Book Value
54.7869
ROCE
17.46%
ROE
26.43%
Description
  • GRM Overseas Limited was established as a partnership firm in the year 1974. It was earlier known as Garg Rice & General Mills and on January 3, 1995 and was converted into a public limited company and the name was changed to GRM Overseas Limited. The Company engages in the production, purchase, export, and sale of rice and paddy in India. It manufactures polythene. It has processing unit at Panipat in Haryana with capacity to process almond kernels, paddy, clove, pista, rice, and wheat. It sells products under the brand `Kamdhenu` and `Chef`. Basmati rice is exported Initially setup as a rice manufacturing and trading house, it is growing to become a consumer staples organization. During the initial years, GRM exported rice to the Middle East, United Kingdom and the United States. Gradually expanding its reach, GRM has developed a market for its rice in more than 38 countries, thereby achieving the title of the Third Largest Rice Exporter in India. In recent years, GRM has endeavoured to reach the consumers directly with its brands and products. By placing its products on the shelves of several major retailer in India and abroad, the Company has ensured that the end consumer always has easy access to their high-quality products. GRM has established itself as a quality Basmati Rice producer and supplier to Saudi Arabia, Europe and other countries. It reached this height through incessant quest for excellence and commitment to customer taste. With its well-defined strategy of employing cutting edge technology, while investing considerable time and money into R & D, the Company excelled in anticipating the changes in food industry trends and bringing in products accordingly to cater to the evergrowing market. It functions through a network of sales and distribution offices in the UK, USA & Middle East and has tied up with 1800 stores globally to reach its customers.

Registered Address

128 First Floor Shiva Market, Pitampura, New Delhi, New Delhi, 110034

Tel : 91-011-47330330
Email : investor.grm:gmail.com, grmrice1:gmail.com
Website : http://www.grmrice.com
Registrar

Abhipra Capital Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 531449
NSE Code : GRMOVER
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE192H01020

FAQ’s on GRM Overseas Ltd Shares

You can buy GRM Overseas Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy GRM Overseas Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:56 PM the closing price of GRM Overseas Ltd was Rs.171.46.

The latest PE ratio of GRM Overseas Ltd as of Jun 14, 2024 03:56 PM is 16.95

The latest PB ratio of GRM Overseas Ltd as of Jun 14, 2024 03:56 PM is 0.32

The 52-week high of GRM Overseas Ltd share price is Rs. 230.40 while the 52-week low is Rs. 113.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:56 PM, the market cap of GRM Overseas Ltd stood at Rs. 1,028.76.

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