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GRM Overseas Ltd logo

GRM Overseas Ltd

NSE: GRMOVER BSE: 531449

â‚ą160.03

(1.08%)

Fri, 05 Jun 2026, 06:20 am

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GRM Overseas Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (6.5x coverage).
  • GRM Overseas's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • GRM Overseas's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

health

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Pros

  • GRM Overseas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GRM Overseas is profitable, therefore cash runway is not a concern.
  • GRM Overseas is profitable, therefore cash runway is not a concern.
  • Debt is covered by short term assets, assets are 2.1x debt.
  • GRM Overseas's cash and other short term assets cover its long term commitments.
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Cons

  • Operating cash flow is negative therefore debt is not well covered.
  • The level of debt compared to net worth has increased over the past 5 years (290% vs 310.5% today).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
  • GRM Overseas's level of debt (310.5%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • Atul's remuneration is lower than average for companies of similar size in India.
  • Atul's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

  • The average tenure for the GRM Overseas board of directors is less than 3 years, this suggests a new board.

misc

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Pros

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    Cons

    • GRM Overseas is not covered by any analysts.

    past

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    Pros

    • GRM Overseas has delivered over 20% year on year earnings growth in the past 5 years.
    • GRM Overseas has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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    Cons

    • GRM Overseas's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • GRM Overseas used its assets less efficiently than the IN Food industry average last year based on Return on Assets.
    • GRM Overseas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • GRM Overseas's 1-year earnings growth is negative, it can't be compared to the IN Food industry average.

    value

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    Pros

    • GRM Overseas is good value based on assets compared to the IN Food industry average.
    • GRM Overseas is good value based on earnings compared to the IN Food industry average.
    • GRM Overseas is good value based on earnings compared to the India market.
    • BSE:531449 is up 6% outperforming the Food industry which returned 5% over the past month.
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    Cons

    • GRM Overseas's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • GRM Overseas's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • 531449 underperformed the Food industry which returned 18.8% over the past year.
    • 531449 underperformed the Market in India which returned -14.5% over the past year.
    • BSE:531449 is up 6% underperforming the market in India which returned 8% over the past month.