GRM Overseas share price & results
- Jun 2026
- Sept 2026
Basmati rice miller exporting to 55+ countries, building the 10X packaged-foods brand in India.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 427 | +30.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 21.0 | +10.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.00 | −1.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -3.15 | −7.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 43.33 | +28.7 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −78.6% 1Y
1Y: ₹413.4 on 24 Oct 2025 → ₹88.57. High ₹494.35 (19 Nov 2025), low ₹77.87 (1 Oct 2026).
- Previous close
- ₹89.81
- Market cap
- ₹1.9k Cr
- 52-week range
- ₹77.87 – ₹494.35
- One year
- −78.44%
- Price to earnings (TTM to Jun 2026)
- 24.17×
- Return on equity (TTM to Jun 2026)
- 15.00%
Overview
- Symbol
- NSE:GRMOVER
- Exchange
- NSE
- Currency
- INR
What GRM Overseas Limited does
Based on the company's own presentations, annual report and earnings calls.
GRM Overseas processes and mills basmati and non-basmati rice, exporting largely under private-label arrangements to global retail chains while building its own domestic FMCG brand '10X' (rice, atta, edible oil, besan) through general and modern trade. It also runs an international arm selling own brands 'Himalaya River' and 'Tanoush' through a UK subsidiary, and has diversified into adjacent categories via minority stakes such as D2C coffee brand Rage Coffee under its 10X Ventures platform. Revenue is split between an India business (packaged consumer staples under 10X) and an International business (rice exports, ~95% private label and ~5% own brands).
Segments
- India Business
- International Business
- Annual rice production capacity
- 440,800 MT
- Rice milling plants
- 3 (550 MT/day) at Panipat and Naultha, Haryana
- Sortex (grading) plants
- 9 (1,400 MT/day)
- Manufacturing locations
- Panipat and Naultha (Haryana), Gandhidham (Gujarat)
- Countries with export presence
- 55+
- General-trade distributors (India)
- 176
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +11% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 315 | 371 | 291 | 327 | 362 | 483 | 597 | 427 |
| Expenses | 304 | 359 | 259 | 303 | 348 | 461 | 567 | 391 |
| Operating profit | 11 | 12 | 33 | 24 | 15 | 21 | 30 | 36 |
| Operating margin | 3.5% | 3.3% | 11.0% | 7.0% | 4.1% | 4.4% | 5.0% | 8.0% |
| Other income | 5 | 11 | 5 | 8 | 10 | 10 | 10 | 0 |
| Interest | 2 | 4 | 8 | 5 | 5 | 5 | 7 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 13 | 19 | 29 | 25 | 19 | 25 | 31 | 30 |
| Tax rate | 27.0% | 28.0% | 29.0% | 25.0% | 21.0% | 24.0% | 27.0% | 28.0% |
| Net profit | 9 | 14 | 20 | 19 | 15 | 19 | 22 | 21 |
| EPS (₹ per share) | 0.51 | 0.75 | 1.14 | 1.04 | 0.80 | 1.04 | 1.04 | 1.02 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,380 | 1,312 | 1,347 | 1,769 |
| Expenses | 1,281 | 1,240 | 1,269 | 1,679 |
| Operating profit | 98 | 72 | 79 | 90 |
| Other income | 13 | 34 | 26 | 38 |
| Interest | 20 | 21 | 18 | 22 |
| Depreciation | 4 | 4 | 4 | 4 |
| Profit before tax | 87 | 81 | 85 | 100 |
| Net profit | 63 | 60 | 61 | 75 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 12 | 12 | 12 | 41 |
| Reserves | 194 | 262 | 319 | 414 | 463 | 560 |
| Borrowings | 338 | 413 | 393 | 364 | 211 | 368 |
| Other liabilities | 123 | 97 | 46 | 121 | 178 | 191 |
| Total liabilities | 667 | 784 | 770 | 911 | 865 | 1,160 |
| Fixed assets | 37 | 39 | 37 | 40 | 39 | 41 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 12 | 9 | 11 | 11 | 9 |
| Other assets | 628 | 733 | 725 | 860 | 814 | 1,111 |
| Total assets | 667 | 784 | 770 | 911 | 865 | 1,160 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 35 | -116 | -89 | 47 | 62 | -54 |
| Cash from investing | -1 | -6 | -5 | -4 | -8 | -53 |
| Cash from financing | -33 | 125 | 89 | -39 | -12 | 82 |
| Net cash flow | 1 | 3 | -4 | 3 | 43 | -24 |
| Free cash flow | 34 | -120 | -94 | 45 | 56 | -55 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 120 | 130 | 107 | 134 | 130 | 119 |
| Inventory days | 67 | 80 | 101 | 71 | 102 | 104 |
| Days payable | 28 | 32 | 24 | 10 | 9 | 11 |
| Cash conversion cycle | 159 | 177 | 183 | 195 | 223 | 212 |
| Working capital days | 45 | 52 | 59 | 78 | 89 | 99 |
| Return on capital employed | 23.0% | 29.0% | 17.0% | 14.0% | 14.0% | 14.0% |
| Dividend payout | 17.0% | 66.0% | 4.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Food contributes 87.7% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Food 87.7%
₹374.12 crore
- Edible Oil 12.3%
₹52.29 crore
- Others <0.1%
₹0.11 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Food | 374.12 | 87.7% |
| Edible Oil | 52.29 | 12.3% |
| Others | 0.11 | <0.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹426.51 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹426.51 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Food grew from 59% to 88% of revenue over the last six quarters.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Food | 59% | 76% | 91% | 90% | 88% | 88% | +27.1% |
| Edible Oil | 39% | 23% | 9% | 10% | 12% | 12% | +61.6% |
| Others | 2% | 1% | <1% | <1% | <1% | <1% | -3.0% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
What the price assumes
ExpensiveTo justify its price of ₹89, this stock must grow earnings at 19% every year for 7 years. Our analysis caps realistic growth at ~6%. At that growth it is worth ₹44 — downside of 51%.
- Growth the price implies
- 19.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 6.0% a year
- net profit, FY23–FY26
- The gap
- 0.1 pp
- -51% downside if it only repeats history
Ownership
Who owns it
Promoters hold 63.06% as of Sept 2026; institutions cut 0.93 pts since Jun 2026.
- Promoters 63.06%
- Foreign institutions 6.35%
- Domestic institutions 2.91%
- Government 0.00%
- Public 27.69%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 2.42% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of GRM Overseas Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 21.88% | unchanged | |
| 20.91% | unchanged | |
| 20.27% | unchanged | |
| 3.84% | unchanged | |
| AIF | 2.91% | unchanged |
| FPI fund | 2.90% | unchanged |
| FPI fund | 2.90% | unchanged |
| 2.42% | newly disclosed | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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