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GRM Overseas Limited (GRMOVER) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹19.1B

GO GRM Overseas Limited GRMOVER · NSE
Price₹89.66
Fair Value₹57.76
Upside-35.6%
Quality50/100
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Expensive Growth
Thin margins · 4.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Narrow moat 38/100
Evidence: High Range ₹28.78 – ₹76.15 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 3 days ago

Share price −2.8% over the past month.

A solid business, but screening 36% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹76.15). The favourable scenario is already priced in.
  • The model range is unusually wide (₹28.78 to ₹76.15). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

₹171.12 ₹38.75 Fair Value ₹57.76 Sep 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

47‑month range ₹38.75 – ₹171.12 · fair‑value band ₹28.78 – ₹76.15 · the ₹89.66 price screens above the ₹57.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

GRM Overseas Limited (GRMOVER) currently trades at ₹89.66, while our model-based Fair Value estimate is ₹57.76, implying the stock looks roughly 35.6% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, GRM Overseas Limited generated revenue of ₹17.7B at a net margin of 4.3%. Revenue grew 105.0% year over year. It earns a return on equity of 14.7%. Net debt stands at ₹2.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹28.78 (bear case) to ₹76.15 (bull case); at ₹89.66, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -36%, GRMOVER screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹27.07 ₹33.32 ₹85.86 76
ROIC Compounder ₹34.26 ₹48.19 ₹60.13 72
Gordon GGM ₹1.20 ₹2.49 ₹3.95 70
All 17 models by family
DCF Models
Owner Earnings ₹55.92 ₹110.42 ₹215.17 31
Earnings-Based
Graham-Dodd ₹24.40 ₹142.78 ₹198.75 54
Lynch FV ₹40.43 ₹57.76 ₹75.09 50
PEG = 1.0 ₹40.43 ₹57.76 ₹75.09 46
EPV ₹32.07 ₹36.83 ₹40.99 59
Dividend Discount
Gordon GGM ₹1.20 ₹2.49 ₹3.95 70
DDM Multi-Stage ₹1.20 ₹2.10 ₹2.61 61
Multiples
P/E Multiple ₹56.51 ₹75.34 ₹94.18 63
P/S Multiple ₹45.74 ₹60.99 ₹76.24 58
P/B Multiple ₹45.74 ₹60.99 ₹76.24 55
EV/EBIT ₹56.94 ₹74.75 ₹92.56 53
EV/EBITDA ₹46.00 ₹60.17 ₹74.33 54
EV/Revenue ₹41.65 ₹57.99 ₹74.33 43
Asset-Based
NCAV (Graham) ₹14.52 ₹19.45 ₹29.03 50
Economic Profit
Residual Income ₹27.07 ₹33.32 ₹85.86 76
ROIC Compounder ₹34.26 ₹48.19 ₹60.13 72
Growth Earnings
Growth-Adj P/E ₹59.43 ₹84.90 ₹110.37 68

Widest divergence: DCF Models (₹110.42) versus Dividend Discount (₹2.10). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹17.7B
Revenue growth (YoY) +105%
Net margin 4.3%
Return on equity 14.7%
Free cash flow −₹756M FY2026
P/E ratio 11.4
More key figures
Operating margin 4.9%
EPS (TTM) ₹7.85
EPS growth (YoY) +138%
Net debt ₹2.9B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 22

Profitability 52
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

GRM Overseas Limited engages in the milling, processing, and marketing of branded and non-branded basmati rice in India. The company offers spices; and chakki fresh atta, as well as a ready-to-cook biryani kit. The company markets its products under 10X, Tanoush, Shakti, and Himalaya River brands.

Full company description

GRM Overseas Limited engages in the milling, processing, and marketing of branded and non-branded basmati rice in India. The company offers spices; and chakki fresh atta, as well as a ready-to-cook biryani kit. The company markets its products under 10X, Tanoush, Shakti, and Himalaya River brands. The company also exports its products to the Middle East, the United Kingdom, and the United States, and internationally. GRM Overseas Limited was founded in 1974 and is based in Panipat, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

GRM Overseas Limited reported revenue of ₹17.7B in FY2026 versus ₹11.3B in FY2022, a compound +11.8%/yr. Reported net income was ₹743M in FY2026, compounding −3.0%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹17.7B
Latest YoY
+31.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.1%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.6%
Revenue +11.8%/yr
FY22 ₹11.3B
FY23 ₹13.8B
FY24 ₹13.1B
FY25 ₹13.5B
FY26 ₹17.7B
Net income −3.0%/yr
FY22 ₹838M
FY23 ₹629M
FY24 ₹598M
FY25 ₹612M
FY26 ₹743M
Character of growth · EPS growth decomposed (2015-2026) +37.2 % p.a.
Revenue per share +13.6 pp

of which total revenue +12.7 pp · buybacks/dilution +0.9 pp

EBIT margin +21.7 pp
Tax rate +1.9 pp
Residual (interest, one-offs) +0.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

GRMOVER screens 36% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "GRM Overseas Limited Fair Value". https://www.fairvalue-calculator.com/stock/GRMOVER

Peer Group

Packaged Foods · 652 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −36% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 105% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than 75% of peers
P/B 3.17× · Pricier than 75% of peers
P/S (TTM) 1.08× · Pricier than median
EV/EBITDA 20.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 23
FUTURE 100 · sector 19
PAST 59 · sector 28
HEALTH 100 · sector 96
DIVIDEND 3 · sector 55

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,646 ₹1,870 -67%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Patanjali Foods Limited PATANJALI ₹352.60 ₹144.77 -59%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
PT Mayora Indah Tbk, MYOR 1,665 IDR 2,699 IDR +62%
PT Cisarua Mountain Dairy Tbk CMRY 4,630 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is GRM Overseas Limited (GRMOVER) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹57.76 versus a price of ₹89.66, about −36% (overvalued).
What is the fair value of GRMOVER?
Our model-based fair value for GRM Overseas Limited is ₹57.76 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹89.66.
What is the quality score of GRMOVER?
GRM Overseas Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of GRM Overseas Limited (GRMOVER)?
GRM Overseas Limited reported trailing-twelve-month revenue of about ₹17.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GRMOVER?
The net profit margin of GRM Overseas Limited is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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