GRM Overseas Limited (GRMOVER.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-140.0%

-₹36.40

vs ₹91.05 price

Levered DCF

-₹319.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.46×	28×	13.1×	17.56×	33.87×	62.68×	82.81×	289.34×
P/B	2.4×	3.98×	2.37×	4.02×	13.81×	19.64×	29.2×	43.22×
P/S	0.82×	1.26×	0.6×	0.8×	2.5×	3.44×	3.38×	2.37×
EV / EBITDA	19.81×	18.99×	11.16×	13.61×	24.44×	38.77×	47.58×	84.81×
Gross margin	12.9%	15.5%	14.1%	17.6%	19.0%	25.2%	21.4%	13.3%
Operating margin	4.9%	5.7%	13.0%	7.0%	8.0%	23.7%	5.9%	3.2%
Net margin	4.2%	4.5%	4.6%	4.6%	7.4%	5.9%	4.1%	0.8%
Current ratio	2.01×	1.8×	1.67×	1.45×	1.37×	1.36×	1.2×	1.06×
Debt / equity	0.61×	0.86×	1.19×	1.51×	1.65×	1.49×	2.34×	5.73×
Interest coverage	3.82×	4.31×	8.28×	4.86×	6.98×	15.57×	3.15×	2.21×
Dividend yield	0.0%	0.0%	0.0%	0.2%	0.6%	0.4%	0.1%	0.1%
Payout ratio	0.0%	0.0%	0.0%	4.3%	19.0%	21.5%	7.0%	24.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.4%	14.4%	18.1%	22.9%	40.8%	33.5%	35.3%	14.9%
Return on invested capital	6.7%	7.0%	17.7%	10.0%	12.7%	41.6%	11.1%	4.3%
Return on assets	6.4%	6.7%	7.8%	8.0%	12.6%	10.9%	8.8%	1.8%
Free cash flow yield	-5.2%	2.3%	5.7%	-8.5%	-4.2%	1.3%	5.8%	-1.4%
Earnings yield	5.1%	3.6%	7.6%	5.7%	3.0%	1.7%	1.2%	0.3%
Enterprise value	₹17.9B	₹20.1B	₹11.7B	₹15.1B	₹31.7B	₹28.5B	₹28.3B	₹29.7B
Net debt / EBITDA	3.79×	2.95×	3.69×	3.69×	2.55×	2.68×	3.47×	9.85×
Cash conversion cycle (days)	211	221	195	184	180	159	134	132