GRM Overseas Limited (GRMOVER) - Net Assets
Based on the latest financial reports, GRM Overseas Limited (GRMOVER) has net assets worth Rs4.78 Billion INR (≈ $51.75 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.65 Billion ≈ $93.53 Million USD) and total liabilities (Rs3.86 Billion ≈ $41.78 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GRMOVER cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.78 Billion |
| % of Total Assets | 55.33% |
| Annual Growth Rate | 20.4% |
| 5-Year Change | 216.77% |
| 10-Year Change | 1073.91% |
| Growth Volatility | 17.22 |
GRM Overseas Limited - Net Assets Trend (2009–2025)
This chart illustrates how GRM Overseas Limited's net assets have evolved over time, based on quarterly financial data. Also explore GRMOVER asset base for the complete picture of this company's asset base.
Annual Net Assets for GRM Overseas Limited (2009–2025)
The table below shows the annual net assets of GRM Overseas Limited from 2009 to 2025. For live valuation and market cap data, see GRM Overseas Limited (GRMOVER) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.28 Billion ≈ $46.32 Million |
+28.74% |
| 2024-03-31 | Rs3.33 Billion ≈ $35.98 Million |
+20.94% |
| 2023-03-31 | Rs2.75 Billion ≈ $29.75 Million |
+33.18% |
| 2022-03-31 | Rs2.07 Billion ≈ $22.34 Million |
+52.77% |
| 2021-03-31 | Rs1.35 Billion ≈ $14.62 Million |
+50.36% |
| 2020-03-31 | Rs899.19 Million ≈ $9.72 Million |
+47.98% |
| 2019-03-31 | Rs607.63 Million ≈ $6.57 Million |
+17.40% |
| 2018-03-31 | Rs517.59 Million ≈ $5.60 Million |
+23.03% |
| 2017-03-31 | Rs420.71 Million ≈ $4.55 Million |
+15.31% |
| 2016-03-31 | Rs364.84 Million ≈ $3.95 Million |
+5.96% |
| 2015-03-31 | Rs344.33 Million ≈ $3.72 Million |
+15.30% |
| 2014-03-31 | Rs298.64 Million ≈ $3.23 Million |
+15.31% |
| 2013-03-31 | Rs259.00 Million ≈ $2.80 Million |
+8.01% |
| 2012-03-31 | Rs239.80 Million ≈ $2.59 Million |
-14.76% |
| 2011-03-31 | Rs281.32 Million ≈ $3.04 Million |
+8.97% |
| 2010-03-31 | Rs258.15 Million ≈ $2.79 Million |
+17.46% |
| 2009-03-31 | Rs219.77 Million ≈ $2.38 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to GRM Overseas Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6583.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs3.68 Billion | 86.38% |
| Common Stock | Rs120.00 Million | 2.82% |
| Other Comprehensive Income | Rs389.15 Million | 9.14% |
| Other Components | Rs70.59 Million | 1.66% |
| Total Equity | Rs4.26 Billion | 100.00% |
GRM Overseas Limited Competitors by Market Cap
The table below lists competitors of GRM Overseas Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares
NASDAQ:ANSC
|
$372.02 Million |
|
Shanghai Hile Bio-tech
SHG:603718
|
$372.04 Million |
|
63 moons technologies limited
NSE:63MOONS
|
$372.07 Million |
|
Samkang M&T Co.Ltd
KQ:100090
|
$372.09 Million |
|
Hangzhou Landscape Architecture Design Institute Co Ltd
SHE:300649
|
$371.84 Million |
|
Advanced Ceramic X
TWO:3152
|
$371.82 Million |
|
Nacity Property Service Co Ltd
SHG:603506
|
$371.77 Million |
|
Tesco PLC
LSE:TSCO
|
$371.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GRM Overseas Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,306,707,000 to 4,256,361,000, a change of 949,654,000 (28.7%).
- Net income of 612,363,000 contributed positively to equity growth.
- New share issuances of 340,125,000 increased equity.
- Other comprehensive income increased equity by 277,585,000.
- Other factors decreased equity by 280,419,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs612.36 Million | +14.39% |
| Share Issuances | Rs340.12 Million | +7.99% |
| Other Comprehensive Income | Rs277.58 Million | +6.52% |
| Other Changes | Rs-280.42 Million | -6.59% |
| Total Change | Rs- | 28.72% |
Book Value vs Market Value Analysis
This analysis compares GRM Overseas Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 125.38x to 7.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-03-31 | Rs1.32 | Rs165.97 | x |
| 2010-03-31 | Rs1.55 | Rs165.97 | x |
| 2011-03-31 | Rs1.69 | Rs165.97 | x |
| 2012-03-31 | Rs1.44 | Rs165.97 | x |
| 2013-03-31 | Rs1.56 | Rs165.97 | x |
| 2014-03-31 | Rs1.80 | Rs165.97 | x |
| 2015-03-31 | Rs2.07 | Rs165.97 | x |
| 2016-03-31 | Rs2.20 | Rs165.97 | x |
| 2017-03-31 | Rs2.53 | Rs165.97 | x |
| 2018-03-31 | Rs3.12 | Rs165.97 | x |
| 2019-03-31 | Rs3.66 | Rs165.97 | x |
| 2020-03-31 | Rs5.42 | Rs165.97 | x |
| 2021-03-31 | Rs8.05 | Rs165.97 | x |
| 2022-03-31 | Rs11.45 | Rs165.97 | x |
| 2023-03-31 | Rs15.22 | Rs165.97 | x |
| 2024-03-31 | Rs18.37 | Rs165.97 | x |
| 2025-03-31 | Rs22.74 | Rs165.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GRM Overseas Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.54%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 2.14x
- Recent ROE (14.39%) is below the historical average (17.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 14.29% | 1.15% | 3.94x | 3.16x | Rs9.44 Million |
| 2010 | 10.90% | 1.02% | 2.64x | 4.05x | Rs2.32 Million |
| 2011 | 4.18% | 0.69% | 1.50x | 4.03x | Rs-16.38 Million |
| 2012 | 9.97% | 1.01% | 2.01x | 4.90x | Rs-68.40K |
| 2013 | 10.75% | 1.03% | 2.00x | 5.23x | Rs1.93 Million |
| 2014 | 16.16% | 1.14% | 2.00x | 7.07x | Rs18.41 Million |
| 2015 | 13.27% | 0.80% | 2.33x | 7.10x | Rs11.26 Million |
| 2016 | 5.62% | 0.58% | 1.94x | 5.03x | Rs-15.97 Million |
| 2017 | 13.28% | 0.95% | 1.97x | 7.13x | Rs13.80 Million |
| 2018 | 22.90% | 1.26% | 2.12x | 8.61x | Rs66.79 Million |
| 2019 | 14.93% | 0.82% | 2.25x | 8.10x | Rs29.97 Million |
| 2020 | 35.25% | 4.08% | 2.16x | 4.00x | Rs227.08 Million |
| 2021 | 33.50% | 5.88% | 1.86x | 3.07x | Rs317.23 Million |
| 2022 | 40.77% | 7.39% | 1.70x | 3.24x | Rs632.73 Million |
| 2023 | 22.94% | 4.56% | 1.76x | 2.86x | Rs354.63 Million |
| 2024 | 18.08% | 4.55% | 1.70x | 2.33x | Rs267.14 Million |
| 2025 | 14.39% | 4.54% | 1.48x | 2.14x | Rs186.73 Million |
Industry Comparison
This section compares GRM Overseas Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $21,473,155,939
- Average return on equity (ROE) among peers: 13.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GRM Overseas Limited (GRMOVER) | Rs4.78 Billion | 14.29% | 0.81x | $371.92 Million |
| ADF Foods Limited (ADFFOODS) | $1.01 Billion | 13.22% | 0.18x | $313.83 Million |
| Ajooni Biotech Limited (AJOONI) | $416.69 Million | 2.70% | 0.41x | $7.82 Million |
| Agro Tech Foods Limited (ATFL) | $964.98 Million | 14.49% | 0.70x | $365.36 Million |
| Avanti Feeds Limited (AVANTIFEED) | $668.96 Million | -1.80% | 0.71x | $2.03 Billion |
| Adani Wilmar Limited (AWL) | $81.66 Billion | 7.13% | 1.57x | $2.75 Billion |
| Bombay Burmah Trading Corporation Limited (BBTC) | $56.67 Billion | 4.90% | 0.48x | $1.13 Billion |
| Mrs. Bectors Food Specialities Limited (BECTORFOOD) | $5.44 Billion | 16.55% | 0.53x | $650.88 Million |
| Bikaji Foods International Limited (BIKAJI) | $14.81 Billion | 13.57% | 0.31x | $1.83 Billion |
| Britannia Industries Limited (BRITANNIA) | $43.81 Billion | 49.73% | 1.02x | $14.92 Billion |
| CCL Products (India) Limited (CCL) | $9.28 Billion | 17.87% | 0.63x | $1.64 Billion |
About GRM Overseas Limited
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,… Read more