GRM Overseas Limited, a prominent player in the agricultural sector, has extended its impressive bullish trend for the fourth straight trading session. On Thursday, November 20, the small-cap company's stock price climbed an additional 2%, reaching ₹503. This marks the share's highest valuation since May 2022.
Sustained Bullish Momentum and Financial Performance
The stock has been on a consistent upward path since March 2024, with recent sessions showing accelerated growth. This surge in investor confidence follows the company's strong September-quarter results for FY26 and its announcement of a bonus share issue.
Last week, GRM Overseas reported a 15% year-on-year growth in consolidated revenue from operations, which rose to ₹362.43 crore for the July-September quarter. More impressively, the company's consolidated net profit witnessed a massive 61% YoY jump to ₹14.76 crore, compared to ₹9.19 crore in the same quarter last year.
The company also demonstrated improved operational efficiency, achieving an EBITDA margin of 7.32% for the quarter. This performance is particularly notable given the challenging global business environment.
Bonus Share Announcement and Shareholder Value
In a move that further excited investors, GRM Overseas announced a bonus share issue in the ratio of 2:1. This means shareholders will receive two fully paid-up equity shares for every one share held on a record date to be determined by the Board.
This marks the company's first bonus issue since July 2021, when it last issued bonus shares in the same ratio. The decision underscores management's commitment to rewarding shareholders and enhancing long-term value.
Atul Garg, Managing Director of GRM Overseas, commented on the results, stating, "This quarter marks another milestone as we deliver robust growth and profitability while rewarding our shareholders with bonus shares that reflect our operational excellence and business momentum. Our expanding footprint, including the recent launch of our premium basmati rice brand in Saudi Arabia, reinforces our global presence and long-term growth outlook."
Remarkable Stock Performance and Recovery
GRM Overseas has emerged as one of the standout wealth creators in 2025, staging a powerful recovery after experiencing sustained selling pressure between January 2022 and March 2024.
The stock has delivered an extraordinary 340% return from its lows, with yearly gains standing at 141%. This performance positions GRM Overseas among the top performers in the small-cap segment.
Despite these impressive gains, the stock remains nearly 50% below its all-time high of ₹935.40, which it reached in January 2022, suggesting potential for further upside according to market analysts.
The combination of strong financial results, global expansion initiatives, and shareholder-friendly policies has transformed GRM Overseas into a multibagger stock that continues to attract investor attention in the agricultural sector.
