Promoters & FIIs Increased Stake: This Small Cap Company Bags Order Rs 60,00,00,000 from Bin Awadh Alnaqeeb Group in Yemen!
The company’s shares have delivered an impressive return of over 1300 per cent in the past 5 years.
GRM Overseas Ltd, one of the leading Indian basmati rice exporters and India’s leading food FMCG, has secured a new order worth Rs 60 crore from Bin Awadh Alnaqeeb Group in Yemen. According to the agreement, GRM Overseas will export Indian Basmati Rice to Bin Awadh Alnaqeeb Group, the largest importer of Basmati Rice from India. This Rs. 600 million order marks the company's largest order to date from the Yemen-based importer and distributor.
Commenting on the new order, Atul Garg, Chairman & MD of GRM Overseas, said, “The continuous flow of orders with increasing value from Bin Awadh Alnaqeeb General Trading Corp underscores the trust we have earned in the overseas market. The Middle East is a key market for us, and this order from Yemen will further strengthen our revenue from the region.
GRM Overseas Ltd is primarily engaged in the business of milling, processing, and marketing branded and non-branded basmati rice in both domestic and overseas markets.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Currently, GRM Overseas Ltd shares are trading at around Rs 198 per share. The company’s current market capitalization stands at Rs 1188 crore. The stock has delivered a return of around 50 per cent in just 1 month only.GRM Overseas Ltd
As per the Quarterly Results, in the fourth quarter of FY24, GRM Overseas Ltd recorded a revenue of Rs 406 crore. The operating profit for Q4 FY24 stood at Rs 22 crore. The net profit for Q4 FY24 was Rs 21 crore. Looking at the annual performance, the company generated a revenue of Rs 1312 crore in FY24, compared to Rs 1379 crore in FY23. The operating profit for FY24 was Rs 72 crore, with a net profit of Rs 61 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
Rs 1,97,067 million Order Book & FIIs Increased Stake: This Multibagger Infra Company Bags Order Worth Rs 572 Crore, Stock Rallies and Hits 52-Week High Today!
-
Rs 27,208 Crore Order Book: This Railway Infra Company Bags Order Worth Rs 750 Crore from Rail Vikas Nigam; Stock Gains Over 240 per cent in Just 1 Year!
-
Ashish Kacholia & Mukul Agrawal Backed Multibagger Company Bags Order Worth Rs 2,96,00,000 from Radiance Realty Group; Must Watch!
-
Under Rs 100: Small-Cap Company Secures Order Worth Rs 25,65,58,461; Stock Surges Over 15 per cent, Hits 52-Week High
-
Under Rs 100: This Microcap Multibagger Construction Company Bags Order Worth Rs 42,32,76,000; Stock Hits Upper Circuit Today!
-
President of India's Portfolio Navratna Company Secures Order Worth Rs 36,00,00,000 from NIT Patna: Stock Gains Over 360 per cent in Just 1 Year
-
Power Transmission and Distribution Company Bags Order Worth 64 million Euros: Stock Gains Over 670 per cent in Just 1 Year
-
Only buyers in this small-cap multibagger company with upcoming record date for stock split!
-
Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; PAT zooms by 138 per cent YoY!
-
Watch out for these penny stocks that are locked in the upper circuit on June 13
-
Watch out for these penny stocks that are locked in the upper circuit on June 05
-
Watch out for these penny stocks that are locked in the upper circuit on June 02
-
Watch out for these penny stocks that are locked in the upper circuit on June 01
-
Watch out for these penny stocks that are locked in the upper circuit on May 31
-
Watch out for these penny stocks locked in the upper circuit on May 29
-
Watch out for these penny stocks that are locked in the upper circuit on May 29
-
Watch out for these penny stocks that are locked in the upper circuit on May 26.
-
Watch out for these penny stocks locked in the upper circuit on May 23
-
Watch out for these penny stocks locked in the upper circuit on May 22
-
Watch out for these penny stocks locked in the upper circuit on May 19