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Last Updated on: 12 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Grindwell Norton Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:55 pm

Market Cap 17,985 Cr.
Current Price 1,624
High / Low 2,960/1,356
Stock P/E48.8
Book Value 186
Dividend Yield1.05 %
ROCE24.6 %
ROE19.0 %
Face Value 5.00
PEG Ratio5.39

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Grindwell Norton Ltd

Competitors of Grindwell Norton Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Wendt India Ltd 1,976 Cr. 9,879 18,034/8,36049.4 1,1480.51 %24.7 %18.5 % 10.0
Grindwell Norton Ltd 17,985 Cr. 1,624 2,960/1,35648.8 1861.05 %24.6 %19.0 % 5.00
Carborundum Universal Ltd 17,540 Cr. 921 1,841/80939.2 1750.43 %20.1 %15.6 % 1.00
Industry Average12,500.33 Cr4,141.3345.80503.000.66%23.13%17.70%5.33

All Competitor Stocks of Grindwell Norton Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 502559638635604665668667660691706694703
Expenses 412435510513485536534536532567572565579
Operating Profit 89124128122119129135131128125133129123
OPM % 18%22%20%19%20%19%20%20%19%18%19%19%18%
Other Income 1712111592115231417162318
Interest 1211422222222
Depreciation 13131416161517171820212323
Profit before tax 93120125120108133130135122120125128116
Tax % 25%25%26%25%26%26%26%24%25%23%26%24%24%
Net Profit 709093908098971029293939788
EPS in Rs 6.308.108.358.137.248.968.769.208.328.368.428.697.84

Last Updated: February 28, 2025, 7:41 pm

Below is a detailed analysis of the quarterly data for Grindwell Norton Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹703.00 Cr.. The value appears strong and on an upward trend. It has increased from 694.00 Cr. (Sep 2024) to ₹703.00 Cr., marking an increase of ₹9.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹579.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 565.00 Cr. (Sep 2024) to ₹579.00 Cr., marking an increase of ₹14.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹123.00 Cr.. The value appears to be declining and may need further review. It has decreased from 129.00 Cr. (Sep 2024) to ₹123.00 Cr., marking a decrease of 6.00 Cr..
  • For OPM %, as of Dec 2024, the value is 18.00%. The value appears to be declining and may need further review. It has decreased from 19.00% (Sep 2024) to 18.00%, marking a decrease of 1.00%.
  • For Other Income, as of Dec 2024, the value is ₹18.00 Cr.. The value appears to be declining and may need further review. It has decreased from 23.00 Cr. (Sep 2024) to ₹18.00 Cr., marking a decrease of 5.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹2.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 2.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹23.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 23.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹116.00 Cr.. The value appears to be declining and may need further review. It has decreased from 128.00 Cr. (Sep 2024) to ₹116.00 Cr., marking a decrease of 12.00 Cr..
  • For Tax %, as of Dec 2024, the value is 24.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 24.00%.
  • For Net Profit, as of Dec 2024, the value is ₹88.00 Cr.. The value appears to be declining and may need further review. It has decreased from 97.00 Cr. (Sep 2024) to ₹88.00 Cr., marking a decrease of 9.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 7.84. The value appears to be declining and may need further review. It has decreased from ₹8.69 (Sep 2024) to 7.84, marking a decrease of ₹0.85.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:09 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 9479661,1351,1511,2631,4311,5981,5801,6382,0132,5412,6872,793
Expenses 7948219549661,0701,1831,3261,3151,3141,6122,0402,1672,283
Operating Profit 153145181184193248272265324400501520510
OPM % 16%15%16%16%15%17%17%17%20%20%20%19%18%
Other Income 10121722312635405153536775
Interest 3332222434889
Depreciation 24324243424545585453607187
Profit before tax 136122154161180227260243317396486508489
Tax % 28%31%32%34%33%34%35%24%25%25%26%24%
Net Profit 9784104106121151169184238295362384371
EPS in Rs 8.797.589.329.5110.7813.5315.1016.4821.6026.7032.6934.6533.31
Dividend Payout % 37%43%35%34%37%37%40%46%44%45%44%49%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-13.40%23.81%1.92%14.15%24.79%11.92%8.88%29.35%23.95%22.71%6.08%
Change in YoY Net Profit Growth (%)0.00%37.21%-21.89%12.23%10.64%-12.87%-3.04%20.47%-5.40%-1.24%-16.63%

Grindwell Norton Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:11%
3 Years:18%
TTM:5%
Compounded Profit Growth
10 Years:16%
5 Years:19%
3 Years:18%
TTM:-5%
Stock Price CAGR
10 Years:16%
5 Years:23%
3 Years:-4%
1 Year:-19%
Return on Equity
10 Years:17%
5 Years:19%
3 Years:20%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:38 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 28282828555555555555555555
Reserves 4895305887358389351,0431,1321,3091,5131,7502,0002,002
Borrowings 2216151580001215518380
Other Liabilities 245259309311309349347404485532549628703
Total Liabilities 7848339401,0891,2101,3391,4451,5921,8622,1162,4062,7662,840
Fixed Assets 327375360350368342345385370386586756855
CWIP 6267146254329246712412826
Investments 313535135145171183583713531642689726
Other Assets 3644185385906908028755957551,1331,0541,1931,234
Total Assets 7848339401,0891,2101,3391,4451,5921,8622,1162,4062,7662,840

Below is a detailed analysis of the balance sheet data for Grindwell Norton Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹55.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹55.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹2,002.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,000.00 Cr. (Mar 2024) to ₹2,002.00 Cr., marking an increase of 2.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹80.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹83.00 Cr. (Mar 2024) to ₹80.00 Cr., marking a decrease of 3.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹703.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹628.00 Cr. (Mar 2024) to ₹703.00 Cr., marking an increase of 75.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹2,840.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹2,766.00 Cr. (Mar 2024) to ₹2,840.00 Cr., marking an increase of 74.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹855.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹756.00 Cr. (Mar 2024) to ₹855.00 Cr., marking an increase of 99.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹26.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹128.00 Cr. (Mar 2024) to ₹26.00 Cr., marking a decrease of 102.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹726.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹689.00 Cr. (Mar 2024) to ₹726.00 Cr., marking an increase of 37.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹1,234.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,193.00 Cr. (Mar 2024) to ₹1,234.00 Cr., marking an increase of 41.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹2,840.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,766.00 Cr. (Mar 2024) to ₹2,840.00 Cr., marking an increase of 74.00 Cr..

Notably, the Reserves (₹2,002.00 Cr.) exceed the Borrowings (80.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +10410610613917013485318331187393368
Cash from Investing Activity +-81-26-30-38-40-41-54-442-230-54-251-184
Cash from Financing Activity +-41-51-46-1023-60-68-95-95-114-140-175
Net Cash Flow-182929-013332-37-22071919

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow131.00129.00166.00169.00185.00248.00272.00265.00312.00385.00450.00437.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days373442423745474745434049
Inventory Days140163171190162159169155163184146148
Days Payable526267621091149311615813488110
Cash Conversion Cycle12513514517189901238750929886
Working Capital Days344044605154745037524750
ROCE %27%22%25%22%20%23%23%20%23%26%28%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters58.08%58.08%58.08%58.04%58.04%58.04%58.04%58.04%58.04%58.04%58.04%58.04%
FIIs7.05%7.44%7.52%8.41%8.28%8.34%8.40%8.42%8.31%8.63%8.25%6.97%
DIIs15.69%15.48%15.58%14.89%15.32%15.38%15.31%15.45%15.90%16.14%16.69%18.07%
Public19.18%19.00%18.82%18.66%18.37%18.24%18.25%18.09%17.76%17.19%17.01%16.91%
No. of Shareholders45,70946,47756,40653,59251,99649,45751,24052,19947,95447,49350,45550,300

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Midcap Fund1,522,1171.49326.41,477,4592025-03-103.02%
UTI Flexi Cap Fund1,477,4591.3316.831,477,4592025-03-100%
SBI Small Cap Fund1,441,3991.46309.091,477,4592025-03-10-2.44%
Axis Small Cap Fund1,133,9831.49243.171,477,4592025-03-10-23.25%
Nippon India Small Cap Fund1,083,2720.62232.31,477,4592025-03-10-26.68%
SBI Magnum Global Fund1,073,7943.76230.261,477,4592025-03-10-27.32%
HSBC Small Cap Fund - Regular Plan1,018,8221.89218.481,477,4592025-03-10-31.04%
Sundaram Mid Cap Fund830,6422.1178.121,477,4592025-03-10-43.78%
Sundaram Mid Cap Fund - Institutional Plan830,6422.1178.121,477,4592025-03-10-43.78%
SBI Magnum Midcap Fund824,7041.34176.851,477,4592025-03-10-44.18%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 34.6532.6926.7021.6016.48
Diluted EPS (Rs.) 34.6532.6926.7021.6016.48
Cash EPS (Rs.) 41.1238.2531.5726.3921.83
Book Value[Excl.RevalReserv]/Share (Rs.) 186.36163.79142.40124.36108.46
Book Value[Incl.RevalReserv]/Share (Rs.) 186.67164.10142.70124.36108.46
Revenue From Operations / Share (Rs.) 242.66229.53181.79147.93142.66
PBDIT / Share (Rs.) 53.0850.1941.0533.8727.54
PBIT / Share (Rs.) 46.6844.7636.2228.9622.32
PBT / Share (Rs.) 45.9544.0535.8428.6621.91
Net Profit / Share (Rs.) 34.7232.8226.7421.4816.61
NP After MI And SOA / Share (Rs.) 34.6532.6926.7021.6016.48
PBDIT Margin (%) 21.8721.8622.5722.8919.30
PBIT Margin (%) 19.2319.4919.9219.5715.64
PBT Margin (%) 18.9319.1919.7119.3715.36
Net Profit Margin (%) 14.3014.2914.7014.5111.64
NP After MI And SOA Margin (%) 14.2714.2414.6814.6011.55
Return on Networth / Equity (%) 18.6920.0718.8817.5215.37
Return on Capital Employeed (%) 23.5026.1324.5822.4319.72
Return On Assets (%) 13.8515.0013.9812.8211.44
Total Debt / Equity (X) 0.010.010.000.000.00
Asset Turnover Ratio (%) 1.041.071.010.941.03
Current Ratio (X) 2.762.672.862.862.89
Quick Ratio (X) 1.901.771.932.122.00
Inventory Turnover Ratio (X) 1.861.931.871.731.95
Dividend Payout Ratio (NP) (%) 41.8436.7135.5734.7136.39
Dividend Payout Ratio (CP) (%) 35.3231.4830.1228.2827.64
Earning Retention Ratio (%) 58.1663.2964.4365.2963.61
Cash Earning Retention Ratio (%) 64.6868.5269.8871.7272.36
Interest Coverage Ratio (X) 75.7571.24110.30109.7268.23
Interest Coverage Ratio (Post Tax) (X) 50.5947.5872.8670.5742.15
Enterprise Value (Cr.) 20843.3520648.4919658.6810427.175085.36
EV / Net Operating Revenue (X) 7.768.139.776.373.22
EV / EBITDA (X) 35.4637.1643.2627.8016.68
MarketCap / Net Operating Revenue (X) 7.838.179.906.443.22
Retention Ratios (%) 58.1563.2864.4265.2863.60
Price / BV (X) 10.2511.5212.737.734.28
Price / Net Operating Revenue (X) 7.838.179.906.443.22
EarningsYield 0.010.010.010.020.03

After reviewing the key financial ratios for Grindwell Norton Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 34.65. This value is within the healthy range. It has increased from 32.69 (Mar 23) to 34.65, marking an increase of 1.96.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 34.65. This value is within the healthy range. It has increased from 32.69 (Mar 23) to 34.65, marking an increase of 1.96.
  • For Cash EPS (Rs.), as of Mar 24, the value is 41.12. This value is within the healthy range. It has increased from 38.25 (Mar 23) to 41.12, marking an increase of 2.87.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 186.36. It has increased from 163.79 (Mar 23) to 186.36, marking an increase of 22.57.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 186.67. It has increased from 164.10 (Mar 23) to 186.67, marking an increase of 22.57.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 242.66. It has increased from 229.53 (Mar 23) to 242.66, marking an increase of 13.13.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 53.08. This value is within the healthy range. It has increased from 50.19 (Mar 23) to 53.08, marking an increase of 2.89.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 46.68. This value is within the healthy range. It has increased from 44.76 (Mar 23) to 46.68, marking an increase of 1.92.
  • For PBT / Share (Rs.), as of Mar 24, the value is 45.95. This value is within the healthy range. It has increased from 44.05 (Mar 23) to 45.95, marking an increase of 1.90.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 34.72. This value is within the healthy range. It has increased from 32.82 (Mar 23) to 34.72, marking an increase of 1.90.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 34.65. This value is within the healthy range. It has increased from 32.69 (Mar 23) to 34.65, marking an increase of 1.96.
  • For PBDIT Margin (%), as of Mar 24, the value is 21.87. This value is within the healthy range. It has increased from 21.86 (Mar 23) to 21.87, marking an increase of 0.01.
  • For PBIT Margin (%), as of Mar 24, the value is 19.23. This value is within the healthy range. It has decreased from 19.49 (Mar 23) to 19.23, marking a decrease of 0.26.
  • For PBT Margin (%), as of Mar 24, the value is 18.93. This value is within the healthy range. It has decreased from 19.19 (Mar 23) to 18.93, marking a decrease of 0.26.
  • For Net Profit Margin (%), as of Mar 24, the value is 14.30. This value exceeds the healthy maximum of 10. It has increased from 14.29 (Mar 23) to 14.30, marking an increase of 0.01.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 14.27. This value is within the healthy range. It has increased from 14.24 (Mar 23) to 14.27, marking an increase of 0.03.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 18.69. This value is within the healthy range. It has decreased from 20.07 (Mar 23) to 18.69, marking a decrease of 1.38.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 23.50. This value is within the healthy range. It has decreased from 26.13 (Mar 23) to 23.50, marking a decrease of 2.63.
  • For Return On Assets (%), as of Mar 24, the value is 13.85. This value is within the healthy range. It has decreased from 15.00 (Mar 23) to 13.85, marking a decrease of 1.15.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.01. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.01.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.04. It has decreased from 1.07 (Mar 23) to 1.04, marking a decrease of 0.03.
  • For Current Ratio (X), as of Mar 24, the value is 2.76. This value is within the healthy range. It has increased from 2.67 (Mar 23) to 2.76, marking an increase of 0.09.
  • For Quick Ratio (X), as of Mar 24, the value is 1.90. This value is within the healthy range. It has increased from 1.77 (Mar 23) to 1.90, marking an increase of 0.13.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.86. This value is below the healthy minimum of 4. It has decreased from 1.93 (Mar 23) to 1.86, marking a decrease of 0.07.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 41.84. This value is within the healthy range. It has increased from 36.71 (Mar 23) to 41.84, marking an increase of 5.13.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 35.32. This value is within the healthy range. It has increased from 31.48 (Mar 23) to 35.32, marking an increase of 3.84.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 58.16. This value is within the healthy range. It has decreased from 63.29 (Mar 23) to 58.16, marking a decrease of 5.13.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 64.68. This value is within the healthy range. It has decreased from 68.52 (Mar 23) to 64.68, marking a decrease of 3.84.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 75.75. This value is within the healthy range. It has increased from 71.24 (Mar 23) to 75.75, marking an increase of 4.51.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 50.59. This value is within the healthy range. It has increased from 47.58 (Mar 23) to 50.59, marking an increase of 3.01.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 20,843.35. It has increased from 20,648.49 (Mar 23) to 20,843.35, marking an increase of 194.86.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 7.76. This value exceeds the healthy maximum of 3. It has decreased from 8.13 (Mar 23) to 7.76, marking a decrease of 0.37.
  • For EV / EBITDA (X), as of Mar 24, the value is 35.46. This value exceeds the healthy maximum of 15. It has decreased from 37.16 (Mar 23) to 35.46, marking a decrease of 1.70.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 7.83. This value exceeds the healthy maximum of 3. It has decreased from 8.17 (Mar 23) to 7.83, marking a decrease of 0.34.
  • For Retention Ratios (%), as of Mar 24, the value is 58.15. This value is within the healthy range. It has decreased from 63.28 (Mar 23) to 58.15, marking a decrease of 5.13.
  • For Price / BV (X), as of Mar 24, the value is 10.25. This value exceeds the healthy maximum of 3. It has decreased from 11.52 (Mar 23) to 10.25, marking a decrease of 1.27.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 7.83. This value exceeds the healthy maximum of 3. It has decreased from 8.17 (Mar 23) to 7.83, marking a decrease of 0.34.
  • For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Grindwell Norton Ltd as of March 12, 2025 is: ₹1,394.16

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Grindwell Norton Ltd is Overvalued by 14.15% compared to the current share price 1,624.00

Intrinsic Value of Grindwell Norton Ltd as of March 12, 2025 is: 1,520.33

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Grindwell Norton Ltd is Overvalued by 6.38% compared to the current share price 1,624.00

Last 5 Year EPS CAGR: 9.05%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 23.67%, which is a positive sign.
  2. The company has higher reserves (1,143.38 cr) compared to borrowings (24.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (148.31 cr) and profit (283.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 49.42, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 107.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Grindwell Norton Ltd:
    1. Net Profit Margin: 14.3%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 23.5% (Industry Average ROCE: 23.13%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.69% (Industry Average ROE: 17.7%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 50.59
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.9
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 48.8 (Industry average Stock P/E: 45.8)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Grindwell Norton Ltd. is a Public Limited Listed company incorporated on 31/07/1950 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L26593MH1950PLC008163 and registration number is 008163. Currently Company is involved in the business activities of Manufacture of other non-metallic mineral products. Company's Total Operating Revenue is Rs. 2651.68 Cr. and Equity Capital is Rs. 55.36 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Abrasives And Grinding Wheels5th Level, Leela Business Park, Andheri-Kurla Road, Mumbai Maharashtra 400059sharecmpt.gno@saint-gobain.com
http://www.grindwellnorton.co.in
Management
NamePosition Held
Mr. Keki ElaviaChairman
Mr. B SanthanamManaging Director
Mr. Aakil Anand MahajanDirector
Mr. David Eric MolhoDirector
Mr. Jean-Claude LasserreDirector
Mr. Sreedhar NatarajanDirector
Dr. Archana HingoraniDirector
Mr. Subodh NadkarniDirector
Mr. Venugopal ShanbhagDirector

FAQ

What is the latest intrinsic value of Grindwell Norton Ltd?

The latest intrinsic value of Grindwell Norton Ltd as on 09 March 2025 is ₹1394.16, which is 14.15% lower than the current market price of 1,624.00, indicating the stock is overvalued by 14.15%. The intrinsic value of Grindwell Norton Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹17,985 Cr. and recorded a high/low of ₹2,960/1,356 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,002 Cr and total liabilities of ₹2,840 Cr.

What is the Market Cap of Grindwell Norton Ltd?

The Market Cap of Grindwell Norton Ltd is 17,985 Cr..

What is the current Stock Price of Grindwell Norton Ltd as on 09 March 2025?

The current stock price of Grindwell Norton Ltd as on 09 March 2025 is ₹1,624.

What is the High / Low of Grindwell Norton Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Grindwell Norton Ltd stocks is ₹2,960/1,356.

What is the Stock P/E of Grindwell Norton Ltd?

The Stock P/E of Grindwell Norton Ltd is 48.8.

What is the Book Value of Grindwell Norton Ltd?

The Book Value of Grindwell Norton Ltd is 186.

What is the Dividend Yield of Grindwell Norton Ltd?

The Dividend Yield of Grindwell Norton Ltd is 1.05 %.

What is the ROCE of Grindwell Norton Ltd?

The ROCE of Grindwell Norton Ltd is 24.6 %.

What is the ROE of Grindwell Norton Ltd?

The ROE of Grindwell Norton Ltd is 19.0 %.

What is the Face Value of Grindwell Norton Ltd?

The Face Value of Grindwell Norton Ltd is 5.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Grindwell Norton Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE