4,875 Per Cent Returns: Multibagger Basmati Rice & Wheat Flour Company’s Stock Jumps 6.5 Per Cent With Heavy Volume
The stock gave multibagger returns of 2,000 per cent in 5 years and a whopping 4,875 per cent over a decade.
On Monday, the shares of GRM Overseas Ltd surged 6.50 per cent to an intraday high of Rs 262.70 per share from its previous closing of Rs 269.85. The stock’s 52-week high is Rs 288.60 while its 52-week low is Rs 114.15. The company has a market cap of over Rs 1,550 crore.
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.
According to Quarterly Results, the company reported net sales of Rs 405.93 crore in Q1FY25 compared to net sales of Rs 433.63 crore in Q1FY24. The net sales increased by 87.67 per cent to Rs 21.17 crore in Q1FY25 compared to Q1FY24. In its annual results, the company reported net sales of Rs 1,312.44 crore and net profit of Rs 60.72 crore in FY24.
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GRM Overseas Limited has introduced a new packaging design for its 10X brand range, featuring the Bollywood superstar Salman Khan. This strategic move aligns with the company’s goal to enhance its brand visibility and foster deeper connections with consumers both domestically and internationally. The revamped packaging, prominently showcasing Salman Khan, will be implemented across the entire 10X product range, including basmati rice, flour, and other offerings. The new design combines a contemporary, sleek aesthetic with a vibrant colour scheme, underscoring 10X’s dedication to quality and authenticity. This packaging reflects the brand’s dynamic energy, making it an attractive option for today’s discerning consumers who value both quality and brand trust.
As of June 2024, the company's promoters bought 73,000 shares and increased their stake to 72.29 per cent and FIIs increased their stake to 0.67 per cent compared to 72.16 per cent and 0.26 per cent, respectively in March 2024. The shares of the company have an ROE of 19 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 2,000 per cent in 5 years and a whopping 4,875 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.