Multibagger Rice Stock Jumps 5% After Inaugurating the New Corporate Office in Gurugram
DSIJ Intelligence-1 / 25 Sep 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 1,630 per cent in 5 years and a whopping 9,493 per cent over a decade.
On Thursday, the shares of GRM Overseas Ltd jumped 5 per cent to Rs 377.70 per share from its previous closing of Rs 359.85 per share with heavy volume. The stock’s 52-week high is Rs 397.60 per share while its 52-week low is Rs 175.90 per share. The company has a market cap of over Rs 2,300 crore.
GRM Overseas Limited, one of the leading FMCG packaged food company, is pleased to announce the opening of its new corporate office at Plot No. 82, 3rd Floor, Sector– 44, Gurugram – 122003, Haryana on 25th September 2025.
The new corporate office marks a significant milestone in the company’s journey of growth and transformation. By bringing together key functions — Product Development, Sales & Marketing, MARCOM, and Client Engagement- under one roof, it will foster stronger collaboration, efficiency, and talent development. Designed to support the company’s new-age brands in the packaged food category, the office in Gurugram provides a dynamic environment that further strengthens GRM’s position as a trusted partner in the industry
Speaking on the development, Mr Atul Garg, Managing Director, said: “Gurugram offers the perfect ecosystem for our continued expansion and innovation. This move represents more than just a change of address. It is a bold step forward in our mission to empower our teams and serve our consumers better.”
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About the Company
Since its start in 1974 as a rice processing and trading house, GRM has evolved into a major consumer staples organisation and one of India's top five rice exporters. The company initially focused on the Middle East and the United Kingdom but has since expanded its market to 42 countries. With three processing units in Haryana and Gujarat, GRM has an annual production capacity of 440,800 MT and a large warehousing facility near the ports of Kandla and Mundra. The company sells its products under brands like "10X," "Himalaya River," and "Tanoush," as well as through private labels, and has recently focused on direct-to-consumer sales through major retailers both in India and abroad, while maintaining strict quality control.
According to Quarterly Results, the company reported net sales of Rs 334.4 crore and net profit of Rs 19.1 crore in Q1FY26 compared to net sales of Rs 375.3 crore and net profit of Rs 18 crore in Q1FY25. In its annual results, the net sales increased by 2.2 per cent to Rs 1,374.2 crore and net profit increased by 1 per cent to Rs 61.24 crore in FY25 compared to FY24.
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 1,630 per cent in 5 years and a whopping 9,493 per cent over a decade.
Disclaimer: The article is for informational purposes only and not investment advice.