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GRM Overseas Ltd.
(GRMOVER)
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Rating:50Neutral
Price Target:
₹88.00
▼(-2.45% Downside)
Action:Reiterated
Date:09/11/26
The score is held back primarily by weak cash generation (negative FY2026 operating/free cash flow) and a technically weak price trend (below key moving averages with negative MACD). Offsetting factors include strong recent revenue growth and an improving leverage profile, while valuation appears reasonable on P/E but lacks dividend support.
Positive Factors
Revenue Re-acceleration
The sharp FY2026 revenue recovery indicates improving sales momentum after two weaker years. If sustained, stronger volumes can improve operating leverage, support broader market reach, and provide a foundation for continued investment in branded and export channels over the next several quarters.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow despite positive profits shows that earnings are not consistently converting into cash. Persistent volatility can increase reliance on financing, constrain reinvestment, and make inventory and working-capital management important risks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
The sharp FY2026 revenue recovery indicates improving sales momentum after two weaker years. If sustained, stronger volumes can improve operating leverage, support broader market reach, and provide a foundation for continued investment in branded and export channels over the next several quarters.
Read all positive factors
GRM Overseas Ltd. (GRMOVER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.14B
Dividend Yield0.52%
Average Volume (3M)255.98K
Price to Earnings (P/E)17.9
Beta (1Y)0.44
Revenue Growth43.22%
EPS Growth12.57%
CountryIN
Employees186
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)4.71
Shares Outstanding207,210,000
10 Day Avg. Volume324,755
30 Day Avg. Volume255,984
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 primarily by selling rice and related rice products. Its revenue model is centered on (1) procurement of paddy/rice from suppliers, (2) processing and value addition (such as milling, aging, grading, sorting, and packaging...
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 | 18.69B | 17.69B | 13.48B | 13.12B | 13.79B | 11.34B |
| Gross Profit | 2.85B | 2.29B | 2.09B | 1.85B | 2.43B | 2.16B |
| EBITDA | 1.22B | 902.96M | 1.06B | 1.05B | 1.11B | 1.30B |
| Net Income | 765.54M | 743.42M | 612.36M | 597.81M | 628.62M | 838.39M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.60B | 9.11B | 7.70B | 7.84B | 6.67B |
| Cash, Cash Equivalents and Short-Term Investments | 741.14M | 741.14M | 534.03M | 100.94M | 82.56M | 78.04M |
| Total Debt | 0.00 | 3.68B | 3.64B | 3.93B | 4.13B | 3.38B |
| Total Liabilities | -6.06B | 5.55B | 4.82B | 4.38B | 5.09B | 4.60B |
| Stockholders Equity | 6.06B | 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
90.21
Price Trends
90.35
Negative
113.24
Negative
136.90
Negative
Market Momentum
-1.37
Negative
38.99
Neutral
56.54
Neutral
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 90.21 is above the 20-day moving average (MA) of 87.29, below the 50-day MA of 90.35, and below the 200-day MA of 136.90, indicating a bearish trend. The MACD of -1.37 indicates Negative momentum. The RSI at 38.99 is Neutral, neither overbought nor oversold. The STOCH value of 56.54 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹66.82B | 15.91 | ― | ― | 21.04% | 59.07% | |
63 Neutral | ₹75.77B | 17.98 | ― | 0.18% | 25.31% | 75.08% | |
60 Neutral | ₹241.35B | 20.70 | ― | 0.54% | 16.68% | 0.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹4.24B | 20.10 | ― | 0.26% | 15.39% | 27.60% | |
50 Neutral | ₹18.14B | 17.93 | ― | 0.52% | 43.22% | 12.57% | |
47 Neutral | ₹29.98B | 32.20 | ― | 0.45% | 19.44% | 31.16% |
* General Sector Average
IN:GRMOVER
GRM Overseas Ltd.
84.70
-35.32
-29.43%
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GRM Overseas Ltd. Corporate Events
GRM Overseas Publishes 32nd AGM Notice and E-Voting Details
Sep 8, 2026
GRM Overseas Ltd. operates in the food processing and agro-commodities sector, with a focus on rice and related products marketed under the GRM Rice brand. The company serves both domestic and export markets, positioning itself as a branded player...
GRM Overseas Sets Virtual 32nd AGM and Opens Remote E-Voting Window
Sep 6, 2026
GRM Overseas Ltd. has scheduled its 32nd Annual General Meeting for 29 September 2026 at 12:30 p.m., which will be conducted through video conferencing and other audio-visual means in line with virtual-meeting practices. The company has set up a r...
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.