FIIs bought 1,25,733 shares; DIIs bought 1,50,000 shares & Salman Khan is Brand Ambassador: Multibagger FMCG stock jumps over 5 per cent on June 10
The stock gave multibagger returns of 2,780 per cent in 5 years and a whopping 9,370 per cent over a decade.
On Tuesday, the shares of GRM Overseas Ltd jumped over 5 per cent to an intraday high of Rs 324.35 per share from its previous closing of Rs 307.65 per share with heavy volume. The stock’s 52-week high is Rs 340.05 per share while its 52-week low is Rs 142.15 per share. The company has a market cap of over Rs 1,900 crore.
Founded in 1974 as a rice & wheat trader with brand ambassador Salman Khan, GRM Overseas Ltd has evolved into a global consumer staples company, exporting to 42 countries and ranking among India's top rice exporters. With three processing units and extensive warehousing, they produce and distribute branded and private label rice products, ensuring quality through stringent international standards and broad retail availability.
According to Quarterly Results, the company reported net sales of Rs 291.39 crore and net profit of Rs 20.48 crore in Q4FY25 compared to net sales of Rs 405.93 crore and net profit of Rs 21.17 crore in Q4FY24. In its annual results, the net sales increased by 3 per cent to Rs 1,348.19 crore and net profit increased by 1 per cent to Rs 61.24 crore in FY25 compared to FY24.
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Recently, the company has approved the conversion of 13,52,000 convertible warrants into an equal number of equity shares, each with a face value of Rs 2, on a preferential basis. This conversion followed the receipt of Rs 15,21,00,000, representing 75 per cent of the issue price (Rs 112.5 per warrant), by SEBI (ICDR) Regulations, 2018. Consequently, the paid-up capital of the company increased from Rs 12,00,00,000 to Rs 12,27,04,000 with the newly allotted shares ranking pari-passu with existing equity shares. There are still 77,18,000 warrants pending conversion, for which holders can pay the remaining 75 per cent within 18 months of the initial allotment date.
FIIs bought 1,25,733 shares and increased their stake to 0.91 per cent while DIIs bought 1,50,000 shares and increased their stake to 0.49 per cent in May 2025 compared to March 2025. The shares of the company have an ROE of 16 per cent and an ROCE of 14 per cent with 3 years ROE track record of 20 per cent. The stock gave multibagger returns of 2,780 per cent in 5 years and a whopping 9,370 per cent over a decade.
Disclaimer: The article is for informational purposes only and not investment advice.