GRMOVERFast Moving Consumer Goods

GRM Overseas Limited

Other Agricultural Products · ISIN INE192H01020 · BSE 531449 · NSE EQ · FV ₹2
Last price
₹80
-2.30%today
What this company does

GRM Overseas Limited operates in Other Agricultural Products, part of the Fast Moving Consumer Goods sector. It booked ₹427 cr of revenue in its latest quarter (Q1 FY27) and kept 4.9% of sales as profit. It is the 8th largest of 9 Other Agricultural Products companies we track, by market value.

In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 27–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns63

How much profit it earns on the money it employs

Balance sheet44

How much it owes, and whether earnings cover the interest

Cash quality28

Whether reported profit actually arrives as cash

Growth & consistency63

Whether sales and profit have grown, and how steadily

Valuation14

What today's price implies, against our models or its peers

Governance & risk95

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 31% vs last year
Profit up 10% vs last year
Promoters hold 63%
Turns profit into real cash
Watch-outs
! Thin 4.9% net margin
! 0.0% of promoter stake pledged

What if I invest in GRMOVER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹80 -2.30%
latest close · 2026-09-17
52-wk low ₹7942 sessions so far52-wk high ₹96
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio39.3High
LowAverageHigh
P/B ratio2.76Moderate
Below bookModerateHigh
EV / EBITDA13.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.0%Fair
WeakFairStrong ▸15%
Return on capital23.0%Strong
WeakFairStrong
Net margin4.9%Thin
ThinDecentStrong
EBITDA margin8.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.60Moderate
LowModerateHigh ▸1
Interest cover6.8×Strong
RiskyOkayStrong ▸5×
Current ratio2.01Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,660 cr
Book value
₹29
EPS
₹0.51
latest quarter
Net debt
₹341 cr
owes more than its cash
Enterprise value
₹2,001 cr
EBITDA
₹144 cr
annualised
EBIT
₹140 cr
annualised
Operating margin
8.2%
Return on assets
7.3%
Earnings yield
2.55%
P/S
0.97
Sales / share
₹82.3
Tax rate
28.4%
Face value
₹2
Shares
20.7 cr
Working capital
₹553 cr
Current assets
₹1,103 cr
Current liabilities
₹550 cr
Delivery %
22.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹36 vs market price ₹80 — price is 123% above it
Safety cushion-123.1%(target ≥ +20%)
Models span ₹32₹40, midpoint ₹36
Model ₹36
Price ₹80
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹427 cr
Other Income₹48.3 L
Total Income₹427 cr
Cost of Materials₹282 cr
Purchases of Stock-in-Trade₹81 cr
Inventory Change (±)₹-27 cr
Employee Benefit Expense₹4 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹98.2 L
Other Expenses₹51 cr
Total Expenses₹397 cr
Profit before Tax₹30 cr
Tax Expense₹8 cr
Share of JV / Associates₹-36.2 L
Net Profit₹21 cr
Net margin on total income4.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹336 cr78.7%
Employee benefit expense₹4 cr1.0%
Finance costs₹5 cr1.2%
Depreciation & amortisation₹98.2 L0.2%
Other expenses₹51 cr11.9%
Tax expense₹8 cr2.0%
Profit for the period₹21 cr4.9%
Total income ₹427 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue483 cr597 cr427 cr
Total income493 cr607 cr427 cr
Expenses467 cr575 cr397 cr
Profit before tax25 cr31 cr30 cr
Tax6 cr8 cr8 cr
Net profit (owners' share)19 cr22 cr21 cr
Net margin (owners' share, on revenue)4.0%3.6%4.9%
EPS (₹)1.052.350.51
YoY (latest quarter): total income +27.7% · net profit +10.2%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,160 cr
Shareholder equity
₹602 cr
parent shareholders
Total debt
₹366 cr
Cash
₹25 cr
Cash flow · H1 FY26
Operating
₹117 cr
Investing
₹-5 cr
Financing
₹-148 cr
Peer comparison
Other Agricultural Products · by market value
CompanyPriceMarket capP/E
LT Foods Limited₹422₹14,651 cr20.0
KRBL Limited₹395₹9,051 cr8.7
Gujarat Ambuja Exports Limited₹159₹7,312 cr10.4
TruAlt Bioenergy Limited₹424₹3,635 cr15.9
Kaveri Seed Company Limited₹703₹3,618 cr3.2
Sanstar Limited₹116₹2,314 cr57.8
Amir Chand Jagdish Kumar (Exports) Limited₹194₹2,006 cr13.6
GRM Overseas Limitedthis company₹80₹1,660 cr39.3
Chaman Lal Setia Exports Limited₹296₹1,470 cr11.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 26 Aug 2022
ActionDetailEx-date
Bonus issue1:224 Dec 2025
Dividend₹0.2 / share26 Aug 2022
Dividend₹0.25 / share25 May 2022
Dividend₹1 / share3 Feb 2022
Stock splitStock Split From Rs.10/- to Rs.2/-10 Nov 2021
Dividend₹5 / share10 Nov 2021
Who owns it · 2026-06-30
0.0% pledged
Promoter
63.1%
FII / Foreign
7.3%
DII / Domestic
2.9%
Retail / others
26.7%
Promoter stake down 9.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMAMTA GARG · Promoters16.50 L · ₹6.2 cr6 Feb 26
BoughtHUKAM CHAND GARG · Promoters3.24 L · ₹1.2 cr6 Feb 26
BoughtATUL GARG · Promoters16.50 L · ₹6.2 cr6 Feb 26
Bulk / block deals
BoughtRAVI GOYAL (HUF) · NSE15.00 L @ ₹93.412 Jun 26
SoldR G FAMILY TRUST · NSE15.00 L @ ₹93.3912 Jun 26
BoughtR G FAMILY TRUST · NSE12.55 L @ ₹85.9611 Jun 26
Stake changes
BoughtMamta Garg · promoter→ 63.10% · 1.50 L24 Jun 26
BoughtMamta Garg · promoter→ 63.03% · 99,54617 Jun 26
BoughtAtul Garg · promoter→ 62.98% · 4.50 L12 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 9 Dec 2025
See the official result
1
To approve increase in authorized share capital of the Company and consequent alteration in Clause V of Memorandum of Association
Backed by 100% of shareholders other than promotersneeded 50%
46.35 L votes for, 15 against · 0% of mutual funds and other big investors said no
2
To approve issue of bonus shares to the Equity Shareholders
Backed by 100% of shareholders other than promotersneeded 50%
46.35 L votes for, 15 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Sumit Mittal (DIN: 11376399) as Non-Executive Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
46.01 L votes for, 34,017 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 63.1% between them · as of 2026-06-30
HUKAM CHAND GARG21.88%
ATUL GARG20.91%
MAMTA GARG20.27%
AABHAS GARGno shares
ATUL KUMAR GARG HUFno shares
EROS AGRO & FARMS PRIVATE LIMITEDno shares
GAURI GARGno shares
GRM FOODKRAFT PRIVATE LIMITEDno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹40 cr to companies in the promoter group last year — about 3.0% of its ₹1,348 cr revenue.
Hukam Chand Garg
Other payments to them · Amount Received, Amount Paid and Interest accured
also owns 21.88% of the company
₹27 cr
company paid
Mamta Garg
Other payments to them · Amount Received, Amount Paid and Interest accured, Remuneration
also owns 20.27% of the company
₹10 cr
company paid
Atul Garg
Other payments to them · Amount Received, Amount Paid and Interest accured, Remuneration
also owns 20.91% of the company
₹3 cr
company paid

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹136 cr raised in Aug 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 75% of what it set aside, leaving ₹35 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

Working Capital Requirements
99%
₹59 cr of ₹60 cr
Investment in Subsidiary
0%
₹0 cr of ₹30 cr
Inorganic Growth Opportunities
100%
₹10 cr of ₹10 cr
Investment in Plant and Machinery
36%
₹2 cr of ₹5 cr
General Corporate Purposes
97%
₹30 cr of ₹31 cr
Spent by quarter: 29%33%34%65%75% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.