Grovy India Ltd

Grovy India Ltd (GROVY) is a micro-cap Realty company valued at ₹106 crore operating in Residential Commercial Projects on the NSE and BSE.

Recent price move

Grovy India Ltd last traded at ₹60.35, modestly down 0.49% on the day.

Recent developments

On 2026-07-24, the company reported a revenue surge in its first quarter of FY27, but profitability concerns were highlighted due to the volatile realty sector, which may impact long-term margins and returns.

Financial performance

The company's business is improving, with annual revenue rising 30.6% and net profit growing 62.0% year-over-year. The latest quarter saw revenue jump 233.3% compared to the same quarter a year earlier, while net profit increased 72.7%, indicating strong growth in recent months.

Valuation multiples

The stock trades at 27.8 times earnings, 3.01 times book value. It yields 0.1%.

Things to watch

The company's promoter holding fell by 7.87 percentage points in the latest quarter, raising questions about control and confidence. The stock is 22.8% below its 52-week high, suggesting a lack of recent investor enthusiasm despite strong recent financial performance.

Where it stands

Grovy India Ltd has shown robust growth in both revenue and net profit over the past year and quarter, with a significant jump in recent quarters. However, the stock remains below its 52-week high, and promoter holdings have declined, indicating potential concerns about the business's future trajectory.

Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.