GRM Overseas Ltd (NSE: GRMOVER, BSE: 531449) is a prominent Indian company with a market capitalization of ₹2,264 crore as of June 2025, representing a significant player in India's agricultural and food processing sector. The company has achieved the distinction of being India's third-largest rice exporter, making it a key contributor to the country's agricultural export economy.
The company was established as a partnership firm in 1974, originally known as Garg Rice & General Mills, and was converted into a public limited company with the name changed to GRM Overseas Limited on January 3, 1995. The company operates a processing unit at Panipat in Haryana with the capacity to process almond kernels, paddy, clove, pista, rice, and wheat.
GRM Group comprises GRM Overseas Ltd and three subsidiaries: GRM International Holding Ltd (GIHL, UK), GRM Fine Foods Inc (GFFI, USA), and GRM Foodkraft Pvt Ltd (GFPL, India). The group is primarily engaged in the business of milling, processing and distribution of basmati rice in domestic and overseas markets. The company's segments include Food Items, Edible Oil, and Others.
- Domestic Business: Conducted through GRM Foodkraft Pvt Ltd under their flagship brand-name '10X', offering essential consumer goods and kitchen necessities such as rice, spices, atta, and Ready-to-Eat products.
- International Operations: Managed through GRM International Holding Ltd (GIHL, UK) and GRM Fine Foods Inc (GFFI, USA), focusing on the milling, processing, and marketing of branded and non-branded basmati rice.
The company exports various products, including Himalaya River, Tanoush, and 7 Express to approximately 38 countries.
- Himalaya River products: Include Himalaya River Premium Basmati, Himalaya River Basmati Jumbo, Himalaya River Iconic Basmati, Himalaya River Premium Sella, Himalaya River Brown, Himalaya River Long Grain, and Himalaya River Easy Cook.
- Tanoush products: Include Tanoush Emperor, Tanoush King, Tanoush Lord, Tanoush Duke, and Tanoush Organic.
- 7 Express product: Includes 7 Express 1121 Sella.
- Indian market offerings: For the domestic market, the company offers rice including 10X Steam Rice, 10X Long Grain, and 10X Cream Sella.
The company exports its products to approximately 37 countries, including the Middle East, the United Kingdom, and the United States, with a history of gradually expanding its global reach since its initial years.
- Annual Performance (FY25): Net profit rose 0.86% to Rs 61.24 crore compared to Rs 60.72 crore in the previous year (FY24). Sales rose 2.72% to Rs 1,348.19 crore in FY25 against Rs 1,312.44 crore in FY24.
- Quarterly Performance (Q4 FY25): Net profit declined 3.26% to Rs 20.48 crore compared to Rs 21.17 crore in Q4 FY24. Sales declined 28.22% to Rs 291.39 crore against Rs 405.93 crore in Q4 FY24.
- Market Capitalization: ₹2,264 crore (as of June 2025)
- P/E Ratio: 37.0
- Book Value: ₹70.9
- ROE: 16.2%
- ROCE: 13.5%
- Dividend Yield: 0.00%
- Promoter Holding: 70.8% (decreased by 1.45% over the last quarter)
GRM Overseas Ltd has a market capitalisation of ₹2,197 crore as of July 1, 2025. As per Value Research classification, it is a Small Cap company. The 52-week high for GRM Overseas Ltd is ₹376.35 and the 52-week low is ₹171.05. The company has demonstrated strong market performance, with a return of 98.44% in the last 1 year. Over the past 6 months, the share price has increased by 92.61%, and in the last one year, it has increased by 87.82%.
GRM Overseas, through its subsidiary GRM Foodkraft, announced a transformative milestone for its domestic brand '10X'. This includes unveiling a refreshed brand identity with innovative redesigned packaging and a CGI-led video campaign featuring Bollywood icon Salman Khan. GRM signed Salman Khan as the brand ambassador earlier this year, a strategic partnership aimed at leveraging the actor's iconic status globally to strengthen its brand presence and connect with customers.
GRM Overseas represents a compelling investment opportunity in India's agricultural export sector, with its established global presence across 38 countries and strong domestic FMCG operations. The company's strategic focus on both international rice exports and domestic consumer goods positions it well for sustained growth in the evolving food processing industry.
