6,700 per cent returns: This multibagger small-cap company launches new products under the 10X Shakti Brand!
The shares of the company have a PE of 20.26x, an ROE of 50.29 per cent and a ROCE of 29.36 per cent.
GRM Overseas Ltd, one of India’s leading basmati rice exporters and a growing consumer staples player, announced that the company has launched its packaged products - Besan, Daliya, Maida, Poha and Sooji under the “10X Shakti” Brand under its subsidiary company GRM Foodkraft Private Limited. These new products will be available to consumers through General trade and Modern trade channels, with a special focus on the various E-commerce platforms to ensure a wider reach of these products.
Speaking about the new product launches, Mr Atul Garg, Managing Director of GRM Overseas, said: “We are thrilled to announce the addition of these products to our ‘10X Shakti’ product portfolio, as part of our ongoing efforts to expand our domestic branded business and become a preeminent & standalone consumer staples organisation. These high-quality offerings underscore our commitment to providing households with reliable and healthy products, thereby improving the lives of our valued customers. We have carefully crafted this new product range to ensure it aligns perfectly with the ever-evolving demands of modern households. This is an important and progressive step for our domestic branded business, and we are sure that these new products will be highly appreciated by our customers and further increase our brand presence and recognition within the domestic market. We remain confident in our ability to position ourselves as the dominant and trustworthy standalone consumer staples brand in the country.”
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On Tuesday, shares of GRM Overseas Ltd surged 1.38 per cent to an intraday high of Rs 175.90 per share from its previous closing of Rs 173.50. The shares of the company have a PE of 20.26x, an ROE of 50.29 per cent and a ROCE of 29.36 per cent.
The company has a market cap of over Rs 1,000 crore and has reported positive numbers in its Quarterly Results and annual results. The stock gave multibagger returns of 615 per cent in 3 years, 955 per cent in 5 years and a whopping 6,700 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.