GRM Overseas Ltd
GRMOVERGRM Overseas Ltd's earnings have outrun its stock. EPS grew +6.5% in a year against a −27.3% price move.
The sharpest disagreement: profits are rising, but only 28% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (8 weeks in) while the P/E sits at the 69th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +10.5% year on year, and 28% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
GRM Overseas Ltd trades at ₹89.6, in a downtrend and 8 weeks into that stage. That is −29.5% against its own 200-day average. It sits at 0% of a 52-week range of ₹90 to ₹171. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (17 weeks and counting).
Today the stock is in a downtrend — week 8 of stage 4, confirmed. At ₹89.6 it trades −29.5% versus its 200-day average and sits at 0% of its 52-week range (₹90–₹171).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +8,595% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (17 weeks and counting; last ahead the week of 2026-05-22) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
GRM Overseas Ltd trades at 24.3× P/E, mid-range by its own standards (69th percentile). Its long-run median P/E is 18.5×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 24.3× is mid-range by its own standards (69th percentile), against a long-run median of 18.5× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +6.5% against a −27.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +10.9%/yr price move, ~+3.2%/yr came from earnings growth and ~+7.7 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
GRM Overseas Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 14.0% is below the 15% bar this page requires to call it Consistent. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +31.3% | +8.7% | +18.1% | +17.4% |
| Profit | +21.3% | +5.5% | +10.5% | +43.5% |
| EPS | +6.5% | +1.0% | +7.1% | +40.5% |
| Share price | −27.3% | +15.9% | +10.9% | +53.7% |
4-Factor Sector Score
39.8/100 — rank 4 of 4 in FMCG - Rice · 84% evidence confidence
GRM Overseas Ltd scores 39.8 out of 100 against the 4 companies it is compared with in FMCG - Rice, ranking 4. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.2 + 10.1 + 8.5 + 0 = 39.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
GRM Overseas Ltd reported ₹427 Cr of revenue in the Jun 26 quarter, +30.6% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 17.4% a year. The last full year, FY26, came in at ₹1,769 Cr. The last four reported quarters add to ₹1,869 Cr.
FY26 revenue came in at ₹1,769 Cr (+31.3% on the year), capping 10 years at 17.4% compound. The latest quarter (Jun 26) printed ₹427 Cr, +30.6% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +45.2% growth against the decade's 17.4% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +43.3% over the last 4 quarters against +17.1%/yr over the last 8 — accelerating; TTM profit +24.2% vs +12.4%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
GRM Overseas Ltd's operating margin is 8.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.1% to 9.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 8.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 3.1%–9.0%.
Why the margin moved: operating margin went +1.0 pp year on year while gross margin went +6.2 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
GRM Overseas Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +10.5% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹74.0 Cr. The 10-year compound rate is 43.5%. That is 4.9% of the quarter's revenue. The same quarter a year earlier earned ₹19.0 Cr.
Jun 26 profit was ₹21.0 Cr, +10.5% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹74.0 Cr (+21.3%), and the 10-year compound rate is 43.5%.
Why profit moved: revenue contributed +30.6% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +30.7% vs revenue +45.2%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 28% of GRM Overseas Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−54.0 Cr of operating cash against ₹74.0 Cr of profit. After ₹4.0 Cr of capital spending, ₹−58.0 Cr was left as free cash.
FY26: operating cash of ₹−54.0 Cr against reported profit of ₹74.0 Cr, leaving free cash of ₹−58.0 Cr after ₹4.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 28% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 28%: the cash cycle stretched 53 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 53 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
GRM Overseas Ltd's cash conversion cycle runs 212 days in FY26, up from 159 days in FY21. Capital spending ran ₹12.0 Cr over the last 3 years. At FY26 sales of ₹1,769 Cr each day of that cycle holds about ₹4.8 Cr, so roughly ₹1,027 Cr sits inside the business at any moment.
FY26: debtors at 119 days, inventory at 104 days — roughly 3.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 212 days, looser than FY21's 159.
The full loop: cash goes out to suppliers and production on day 0; stock waits 104 days to sell; customers pay about 119 days after that; and suppliers themselves are paid at 11 days — netting out to the 212-day cycle.
In money terms: at FY26 sales of ₹1,769 Cr, each day of the cycle holds about ₹4.8 Cr — so the 212-day loop keeps roughly ₹1,027 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹12.0 Cr over the last 3 fiscal years against ₹10.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
GRM Overseas Ltd earns a ROCE of 14% in FY26. That is up from a trough of 7% in FY16. Return on invested capital clears the cost of that capital by −4.5 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.2% net margin on 1.52× asset turns.
FY26 ROCE is 14%, recovered from a FY16 trough of 7% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 4.2% net margin × 1.52× asset turns × 1.93× balance-sheet leverage ≈ 12.3% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 7.5% − 12.0% = a −4.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
GRM Overseas Ltd carries total debt of ₹368 Cr against shareholder equity of ₹606 Cr as of Mar 26, a debt-to-equity of 0.61. On the annual view that ratio went from 1.63 in FY22 to 0.61 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹368 Cr against shareholder equity of ₹606 Cr — a debt-to-equity of 0.61. On the annual view, debt-to-equity went from 1.63 (FY22) to 0.61 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 9.2 points of GRM Overseas Ltd over 8 quarters, the biggest move on the register. That takes promoters to 63.1% of the company. Foreign institutions moved +7.0 points over the same window, to 7.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −9.2 points over 8 quarters to 63.1%; Foreign institutions: +7.0 points over 8 quarters to 7.3%; Domestic institutions: +2.7 points over 8 quarters to 2.9%.
🚨 Why the register moved: promoters drove it (−9.2 points), absorbed on the other side by foreign institutions (+7.0 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
GRM Overseas Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Chamanlal Setia Exports LtdCLSEL | 63.8/100Mixed-positive evidence84% evidence | BASING | 20.1/35 Revenue 2.7% · PAT 21.4% · OPM change 3 pp 95% evidence | 16.7/25 ROCE 18.3% · OPM 13% 95% evidence | 9.0/20 P/E 11.1× · PEG — 35% evidence | 18.0/20 RS sector 8.2% · RS bench 0.9% · 1Y -5.7%6 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 16.7 + 9 + 18 = 63.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2KRBL LtdKRBL | 63.5/100Mixed-positive evidence91% evidence | TURNING | 25.9/35 Revenue 0.5% · PAT 40.1% · OPM change 9 pp 100% evidence | 15.2/25 ROCE 15.2% · OPM 21% 100% evidence | 15.6/20 P/E 11.7× · PEG 0.21 85% evidence | 6.8/20 RS sector -11.4% · RS bench 2.5% · 1Y -9.7%5 of 10 weeks ahead 70% evidence |
| Exact sum: 25.9 + 15.2 + 15.6 + 6.8 = 63.5 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.4% and the one-year return is -9.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 3L T Foods LtdLTFOODS | 54.2/100Mixed-positive evidence97% evidence | BASING | 16.1/35 Revenue 28.2% · PAT 2.4% · OPM change 0 pp 100% evidence | 13.9/25 ROCE 17.7% · OPM 11% 100% evidence | 5.7/20 P/E 22.8× · PEG 2.09 85% evidence | 18.5/20 RS sector 9.5% · RS bench 2% · 1Y -7.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 16.1 + 13.9 + 5.7 + 18.5 = 54.2 · Decision use: Price leads the evidence: RS versus the benchmark is 2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4GRM Overseas Ltdthis pageGRMOVER | 39.8/100Mixed-negative evidence84% evidence | ASLEEP | 21.2/35 Revenue 43.3% · PAT 24.2% · OPM change 1 pp 95% evidence | 10.1/25 ROCE 14% · OPM 8% 95% evidence | 8.5/20 P/E 24.3× · PEG — 35% evidence | 0.0/20 RS sector -32.7% · RS bench -37.6% · 1Y -24.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 21.2 + 10.1 + 8.5 + 0 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is GRM Overseas Ltd's share price today?
GRM Overseas Ltd trades at ₹89.6, −27.3% over the past year. The company is valued at ₹1,858 Cr. The stock sits at the very bottom of its 52-week range (₹90–₹171), −29.5% versus its 200-day average. On the tape, the price is in a downtrend, 8 weeks in. — as of 14 August 2026.
What were GRM Overseas Ltd's latest quarterly results?
GRM Overseas Ltd reported revenue of ₹427 Cr and net profit of ₹21.0 Cr for the Jun 26 quarter. Revenue rose 30.6% and profit rose 10.5% year on year. Earnings per share were ₹1.02. The operating margin was 8.0%, 1.0 pp higher than a year earlier. — as of 14 August 2026.
What is GRM Overseas Ltd's revenue?
GRM Overseas Ltd reported revenue of ₹427 Cr in the Jun 26 quarter, +30.6% year on year. For the full FY26 fiscal year, revenue was ₹1,769 Cr (+31.3%). Over the last 10 years revenue compounded at 17.4% a year. — as of 14 August 2026.
What is GRM Overseas Ltd's profit?
GRM Overseas Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +10.5% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹74.0 Cr. The operating margin ran 8.0% in the latest quarter. — as of 14 August 2026.
What is GRM Overseas Ltd's market cap?
GRM Overseas Ltd's market capitalisation is ₹1,858 Cr at a share price of ₹89.6. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is GRM Overseas Ltd's P/E ratio?
GRM Overseas Ltd trades at a P/E of 24.3×, at the 69th percentile of its own 11-year range, against a long-run median of 18.5×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does GRM Overseas Ltd pay a dividend?
Not in its latest year — GRM Overseas Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 6 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.
Is GRM Overseas Ltd overvalued?
On its own history, GRM Overseas Ltd looks expensive: its P/E of 24.3× sits at the 69th percentile of its 11-year range (long-run median 18.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 14 August 2026.
Is GRM Overseas Ltd growing?
Yes — GRM Overseas Ltd is growing: latest-quarter revenue +30.6% year on year, profit +10.5%, and the margin +1.0 pp at 8.0%. The 10-year compound rates are 17.4% (revenue) and 43.5% (profit). The earnings engine currently reads: improving — as of 14 August 2026.
How is GRM Overseas Ltd performing?
GRM Overseas Ltd is in a downtrend, 8 weeks in. Its latest quarter's revenue rose 30.6% and profit rose 10.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 17 weeks. This describes what the data did, not a rating. — as of 14 August 2026.
What stage is GRM Overseas Ltd in?
Mixed — the growth curves are steadily positive, but ROCE at 14.0% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +43.3% latest, profit growth +24.2% latest, eps growth +13.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.
Is GRM Overseas Ltd in an uptrend?
No — the price is in a downtrend (week 8 of stage 4), trading −29.5% versus its 200-day average and at the very bottom of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.
Is GRM Overseas Ltd beating the market?
Not lately — on a trailing-13-week view GRM Overseas Ltd is currently behind the NIFTY 500 (17 weeks and counting; last ahead the week of 2026-05-22), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +8,595% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 14 August 2026.
Will GRM Overseas Ltd's share price go up?
This page publishes no price forecast for GRM Overseas Ltd. What it measures instead: the share price is ₹89.6, the price is in a downtrend 8 weeks in. Its P/E of 24.3× sits at the 69th percentile of its own 11-year range. — as of 14 August 2026.
Who owns GRM Overseas Ltd?
Promoters hold 63.1% of GRM Overseas Ltd, foreign institutions 7.3%, domestic institutions 2.9% and the public 26.8% (latest quarter). The biggest move on the register over the last two years: Promoters cut 9.2 points over 8 quarters. — as of 14 August 2026.
Does GRM Overseas Ltd have too much debt?
It is moderate — GRM Overseas Ltd's debt-to-equity is 0.61, and operating profit covers the interest bill 4×. FY26 borrowings were ₹368 Cr against equity of ₹601 Cr. Read the returns on this page with that leverage in mind — as of 14 August 2026.
What is GRM Overseas Ltd's capex?
GRM Overseas Ltd spent ₹12.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹4.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is GRM Overseas Ltd's cash flow?
GRM Overseas Ltd consumed ₹54.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−58.0 Cr). Operating cash was negative while the company reported a profit of ₹74.0 Cr. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is GRM Overseas Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 28% of GRM Overseas Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−54.0 Cr against reported profit of ₹74.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 14 August 2026.
Where is GRM Overseas Ltd in its business cycle?
GRM Overseas Ltd's FY26 operating margin was 5.0%, against a 13-year band of 3.1%–9.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What could break the GRM Overseas Ltd story?
The sharpest disagreement: profits are rising, but only 28% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.
Is GRM Overseas Ltd a stock worth studying right now?
This is not investment advice. The machine read: GRM Overseas Ltd's earnings have outrun its stock. EPS grew +6.5% in a year against a −27.3% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.