During Friday’s trading session, shares of the third-largest basmati rice exporter globally moved up by nearly 2 percent to hit a record high on BSE, after a Foreign Institutional Investor (FII) bought a stake worth more than Rs. 12 crores in the company via a bulk deal on NSE.
With a market cap of Rs. 2,201.4 crores, the shares of GRM Overseas Limited surged nearly 2 percent to hit a new 52-week high at Rs. 377 on BSE, as against its previous closing price of Rs. 369.4. The stock has delivered positive returns of around 85 percent in one year, and has gained by more than 27 percent in the last month.
What’s the News
According to the 3rd July bulk deal data available with the NSE, the Foreign Institutional Investor (FII), Saint Capital Fund, purchased 3.33 lakh equity shares of GRM Overseas Limited, representing a 0.54 percent stake. The transaction was valued at more than Rs. 12 crores, with the shares sold at an average price of Rs. 364.83 per share.
Financials & more
GRM Overseas reported a decline in its revenue from operations, showing a year-on-year fall of around 28 percent from Rs. 406 crores in Q4 FY24 to Rs. 291 crores in Q4 FY25. Similarly, its net profit decreased during the same period from Rs. 21 crores to Rs. 20 crores, representing a marginal fall of about 5 percent YoY.
As of Q4 FY25, the company operates with an annual production capacity of 440,800 metric tonnes, supported by its manufacturing facilities in Panipat and Naultha (Haryana) – catering to the domestic market, and Gandhidham (Gujarat) – focused on the export market. Looking ahead, the company aims to achieve a revenue target of Rs. 2,000 crore from its India business and Rs. 1,500 crore from international business by FY28.
GRM Overseas Limited, the third-largest exporter of Basmati rice globally, is engaged primarily in the business of milling, processing and marketing of branded/non-branded basmati rice in the domestic and overseas market.
Written by Shivani Singh
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