5,100 Per Cent Returns: Multibagger Stock from FMCG sector, in Green as Company Reports Revenue of Rs 685.57 Crore Rs & Profit of Rs 27.21 Crore in H1FY25
The stock gave multibagger returns of 1,500 per cent in 5 years and a whopping 5,100 per cent over a decade.
On Thursday, the shares of GRM Overseas Ltd gained 1.92 per cent to Rs 203.95 per share from its previous closing of Rs 200.10 per share. 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 1,200 crore and saw a spurt in volume by more than 1.01 times on BSE.
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 315.49 crore in Q2FY25 compared to net sales of Rs 203.67 crore in Q2FY24, an increase of 55 per cent. The net profit increased by 39 per cent to Rs 9.19 crore in Q2FY25 compared to Q2FY24. In its annual results, the company reported net sales of Rs 685.57 crore and net profit of Rs 27.21 crore in H1FY25 compared to H1FY24.
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Earlier, GRM Overseas Ltd has forged a strategic alliance with Supermercados Central Ltda in Chile. This partnership marks a crucial step in GRM's global expansion strategy, as it introduces its flagship basmati rice brand, 'Tanoush,' to Chilean consumers through Supermercados Central Ltda's extensive distribution network. 'Tanoush' will be available in convenient 1kg and 5kg packs. Under the agreement, Supermercados Central Ltda will exclusively distribute GRM Overseas products in Chile. Leveraging its strong presence and proven expertise in the region, Supermercados Central Ltda is well-positioned to accelerate GRM's market penetration and elevate its brand visibility.
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 1,500 per cent in 5 years and a whopping 5,100 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.