• Source:JND
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FMCG company GRM Overseas, a constituent of the BSE Small Cap Index, has doubled investors' money in the last year. According to an exchange filing made by GRM Overseas, Acute Ratings and Research Limited has affirmed the long-term rating of 'Acuite A-' (Acuite A minus) and short-term rating of 'Acuite A2+' (Acuite A two plus) on its bank facilities worth Rs 312 crore.

GRM Overseas Stock Performance

Despite the positive developments, GRM Overseas shares declined in intraday trade on Wednesday. At around 12:29 pm, the shares were trading at Rs 322.80, down 0.55% from the previous day's closing price of Rs 324.60 on the NSE. However, the stock has gained over 3% in a week, rallied over 15% in a month, and the GRM Overseas share price has gained over 123% in a year.

According to BSE data, the small-cap FMCG stock has delivered a stellar return of 61 per cent so far in 2025, while the BSE Sensex has gained around 1.50 per cent and the BSE Fast Moving Consumer Goods Index has remained flat over the same period.

Meanwhile, the 52-week high and low range of GRM Overseas shares on BSE stood at Rs. 331.85 - Rs. 122.2,0, respectively. The company's market cap is Rs. 1939 crore.

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What did the company say in the exchange filing?

"The rating reaffirmation takes into account the healthy financial risk profile of the group, its strong liquidity position and improvement in revenues in 9MFY2025, post recording a decline in FY2024 as compared to FY2023, albeit a moderation in profitability margins. Further, the rating continues to draw comfort from the extensive experience of the management and established brand presence in the agri-food industry," the company said in its filing.

"However, the rating remains constrained on account of the working capital-intensive nature of operations, exposure to agro-climatic conditions, inventory risks, economic conditions in export markets, foreign exchange fluctuations, and government regulations," the exchange filing added.

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Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please do take expert opinion before investing.