Promoter bought 73,000 shares worth approx. Rs 11 crore of multibagger rice selling stock with 5,000 per cent returns; Scrip trades at high ROE & high ROCE

The stock gave multibagger returns of 900 per cent in 5 years and a whopping 5,000 per cent over a decade.

GRM Overseas Ltd, a leading Indian company in the basmati rice industry, mills, processes, and markets both branded (like their 10X brand) and non-branded basmati rice for both domestic consumption and international export. Their product range goes beyond just basmati rice, also including atta flour (Shakti Chakki Fresh) and ready-to-cook biryani kits in various regional styles like Moradabadi, Hyderabadi, and Lucknowi.

On June 10, 2024, the promoter of the company bought 73,000 shares or 0.12 per cent stake of the company via open market worth approx. Rs 11 crore. 

Standalone Results

The total income increased by 3.8 per cent to Rs 376.92 crore in Q4FY24 and net profit increased by 77.2 per cent to Rs 15.68 crore in Q4FY24 compared to Q4FY23. In its annual results, a total income of Rs 1,185.83 crore and a net profit of Rs 51.54 crore in FY24 compared to a total income of Rs 1,262.46 crore and a net profit of Rs 53.56 crore in FY23.

Consolidated Results

The company reported a total income of Rs 417.61 crore in Q4FY24 compared to a total income of Rs 438.10 crore in Q4FY23. The net profit increased by 88 per cent to Rs 21.17 crore in Q4FY24 compared to a net profit of Rs 11.28 crore in Q4FY23. In its annual results, a total income of Rs 1,312.44 crore and a net profit of Rs 60.72 crore in FY24 compared to a total income of Rs 1,392.22 crore and a net profit of Rs 62.86 crore in FY23.

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On Wednesday, shares of GRM Overseas Ltd gained 1.87 per cent to Rs 147.35 per share from its previous closing of Rs 144.65 with an intraday high of Rs 151.25 and an intraday low of Rs 146. The stock’s 52-week high is Rs 231.35 while its 52-week low is Rs 114.15. The company has a market cap of Rs 884 crore.

As of March 2024, the company's promoters increased their stake to 72.16 per cent and FIIs increased their stake to 0.26 per cent compared to 71.72 per cent and 0.07 per cent in March 2023. The shares of the company have an ROE of 21 per cent and an ROCE of 15 per cent. The stock gave multibagger returns of 900 per cent in 5 years and a whopping 5,000 per cent over a decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.