Share Price and Basic Stock Data
Last Updated: January 7, 2026, 9:26 am
| PEG Ratio | 8.95 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Grindwell Norton Ltd, a prominent player in the abrasives and grinding wheels industry, reported a current market price of ₹1,558, translating to a market capitalization of ₹17,249 Cr. The company has demonstrated a robust revenue trajectory, with sales increasing from ₹2,013 Cr in FY 2022 to ₹2,541 Cr in FY 2023, and projected revenues of ₹2,812 Cr for FY 2025. The quarterly sales figures reveal consistent performance, with ₹668 Cr recorded in June 2023 and ₹691 Cr in March 2024. This growth reflects an upward trend in operational efficiency and market demand for their products. The operating profit margin (OPM) has remained stable at around 18% to 20% over the past few quarters, indicating effective cost management. The company’s ability to maintain sales momentum amidst fluctuating market conditions underscores its strong positioning within the sector, which typically sees margins ranging from 15% to 25% for similar firms.
Profitability and Efficiency Metrics
Grindwell Norton Ltd reported a net profit of ₹383 Cr for the trailing twelve months, with a net profit margin of 13.17%, reflecting its solid profitability amidst rising operational costs. The return on equity (ROE) stood at 16.0%, while return on capital employed (ROCE) was reported at 20.9%, both indicating effective utilization of equity and capital. The interest coverage ratio (ICR) was exceptionally high at 63.44x, suggesting that the company generates substantial profits relative to its interest obligations, thereby mitigating financial risk. Additionally, the cash conversion cycle (CCC) improved to 66 days, which is favorable compared to the typical industry range of 70 to 90 days. This efficiency in converting investments into cash flow is a significant strength for Grindwell Norton, providing it with the liquidity needed for operational flexibility and potential expansion.
Balance Sheet Strength and Financial Ratios
The balance sheet of Grindwell Norton Ltd exhibits strong fundamentals, with total assets reported at ₹3,142 Cr as of September 2025. The company maintains a conservative capital structure, with borrowings as low as ₹80 Cr, translating to a debt-to-equity ratio of virtually zero. Reserves have also shown a healthy increase, standing at ₹2,226 Cr, which supports future growth initiatives. The book value per share increased to ₹203.41, indicating growing shareholder equity. Financial ratios such as the current ratio at 2.83 and quick ratio at 2.06 reflect strong liquidity positions, significantly above typical sector norms of 1.5 to 2.0. The price-to-book value ratio of 8.29x suggests the market values the company’s future growth potential highly, although it also presents a risk of overvaluation if growth expectations are not met.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Grindwell Norton Ltd shows a stable promoter holding of 58.04%, indicating strong management control and alignment with shareholder interests. Foreign Institutional Investors (FIIs) have reduced their stake to 6.38%, while Domestic Institutional Investors (DIIs) hold 18.37%, reflecting a cautious sentiment among foreign investors amidst global economic uncertainties. The public shareholding stands at 17.22%, with a total of 48,557 shareholders, suggesting a diversified ownership structure. The declining trend in FII participation could be a concern, as it often signals diminished confidence among international investors. However, the substantial DII stake indicates robust domestic institutional support, which is crucial for maintaining stability in the stock price.
Outlook, Risks, and Final Insight
Looking ahead, Grindwell Norton Ltd is well-positioned to leverage its strong market presence and operational efficiencies to drive growth. However, risks remain, including potential fluctuations in raw material prices and global economic uncertainties that may impact demand. The company’s high valuation ratios may also pose a risk if future growth does not align with market expectations. Strengths such as a robust balance sheet and high profitability metrics provide a solid foundation for navigating these challenges. In scenarios where the company continues to innovate and capture market share, it could further enhance its profitability and shareholder value. Conversely, if external market pressures intensify, it may face challenges in maintaining its growth trajectory. Overall, maintaining operational efficiency while adapting to market dynamics will be crucial for Grindwell Norton Ltd’s sustained success.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Wendt India Ltd | 1,553 Cr. | 7,766 | 17,400/7,503 | 56.3 | 1,242 | 0.65 % | 19.8 % | 15.1 % | 10.0 |
| Grindwell Norton Ltd | 17,682 Cr. | 1,597 | 1,968/1,356 | 46.4 | 206 | 1.06 % | 20.9 % | 16.0 % | 5.00 |
| Carborundum Universal Ltd | 15,950 Cr. | 838 | 1,278/809 | 63.8 | 197 | 0.48 % | 16.1 % | 10.8 % | 1.00 |
| Industry Average | 11,728.33 Cr | 3,400.33 | 55.50 | 548.33 | 0.73% | 18.93% | 13.97% | 5.33 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 635 | 604 | 665 | 668 | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 |
| Expenses | 513 | 485 | 536 | 534 | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 |
| Operating Profit | 122 | 119 | 129 | 135 | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 |
| OPM % | 19% | 20% | 19% | 20% | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% | 18% |
| Other Income | 15 | 9 | 21 | 15 | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 |
| Interest | 1 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 16 | 16 | 15 | 17 | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 |
| Profit before tax | 120 | 108 | 133 | 130 | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 |
| Tax % | 25% | 26% | 26% | 26% | 24% | 25% | 23% | 26% | 24% | 24% | 24% | 25% | 25% |
| Net Profit | 90 | 80 | 98 | 97 | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 |
| EPS in Rs | 8.13 | 7.24 | 8.96 | 8.76 | 9.20 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 |
Last Updated: January 1, 2026, 1:46 pm
Below is a detailed analysis of the quarterly data for Grindwell Norton Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 775.00 Cr.. The value appears strong and on an upward trend. It has increased from 703.00 Cr. (Jun 2025) to 775.00 Cr., marking an increase of 72.00 Cr..
- For Expenses, as of Sep 2025, the value is 634.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 574.00 Cr. (Jun 2025) to 634.00 Cr., marking an increase of 60.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 141.00 Cr.. The value appears strong and on an upward trend. It has increased from 130.00 Cr. (Jun 2025) to 141.00 Cr., marking an increase of 11.00 Cr..
- For OPM %, as of Sep 2025, the value is 18.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 18.00%.
- For Other Income, as of Sep 2025, the value is 31.00 Cr.. The value appears strong and on an upward trend. It has increased from 24.00 Cr. (Jun 2025) to 31.00 Cr., marking an increase of 7.00 Cr..
- For Interest, as of Sep 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 2.00 Cr..
- For Depreciation, as of Sep 2025, the value is 26.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 26.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 143.00 Cr.. The value appears strong and on an upward trend. It has increased from 126.00 Cr. (Jun 2025) to 143.00 Cr., marking an increase of 17.00 Cr..
- For Tax %, as of Sep 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 25.00%.
- For Net Profit, as of Sep 2025, the value is 107.00 Cr.. The value appears strong and on an upward trend. It has increased from 94.00 Cr. (Jun 2025) to 107.00 Cr., marking an increase of 13.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 9.65. The value appears strong and on an upward trend. It has increased from 8.53 (Jun 2025) to 9.65, marking an increase of 1.12.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:18 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 966 | 1,135 | 1,151 | 1,263 | 1,431 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 2,890 |
| Expenses | 821 | 954 | 966 | 1,070 | 1,183 | 1,326 | 1,315 | 1,314 | 1,612 | 2,040 | 2,167 | 2,297 | 2,369 |
| Operating Profit | 145 | 181 | 184 | 193 | 248 | 272 | 265 | 324 | 400 | 501 | 520 | 515 | 521 |
| OPM % | 15% | 16% | 16% | 15% | 17% | 17% | 17% | 20% | 20% | 20% | 19% | 18% | 18% |
| Other Income | 12 | 17 | 22 | 31 | 26 | 35 | 40 | 51 | 53 | 53 | 67 | 79 | 96 |
| Interest | 3 | 3 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 9 |
| Depreciation | 32 | 42 | 43 | 42 | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 101 |
| Profit before tax | 122 | 154 | 161 | 180 | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 508 |
| Tax % | 31% | 32% | 34% | 33% | 34% | 35% | 24% | 25% | 25% | 26% | 24% | 25% | |
| Net Profit | 84 | 104 | 106 | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 383 |
| EPS in Rs | 7.58 | 9.32 | 9.51 | 10.78 | 13.53 | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 | 34.65 | 33.30 | 34.38 |
| Dividend Payout % | 43% | 35% | 34% | 37% | 37% | 40% | 46% | 44% | 45% | 44% | 49% | 51% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 23.81% | 1.92% | 14.15% | 24.79% | 11.92% | 8.88% | 29.35% | 23.95% | 22.71% | 6.08% | -3.39% |
| Change in YoY Net Profit Growth (%) | 0.00% | -21.89% | 12.23% | 10.64% | -12.87% | -3.04% | 20.47% | -5.40% | -1.24% | -16.63% | -9.46% |
Grindwell Norton Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 12% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 7% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 25% |
| 3 Years: | -10% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 16% |
Last Updated: September 5, 2025, 5:25 am
Balance Sheet
Last Updated: December 4, 2025, 1:19 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| Reserves | 530 | 588 | 735 | 838 | 935 | 1,043 | 1,132 | 1,309 | 1,513 | 1,750 | 2,000 | 2,200 | 2,226 |
| Borrowings | 16 | 15 | 15 | 8 | 0 | 0 | 0 | 12 | 15 | 51 | 83 | 84 | 80 |
| Other Liabilities | 259 | 309 | 311 | 309 | 349 | 347 | 404 | 485 | 532 | 549 | 628 | 716 | 780 |
| Total Liabilities | 833 | 940 | 1,089 | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,142 |
| Fixed Assets | 375 | 360 | 350 | 368 | 342 | 345 | 385 | 370 | 386 | 586 | 756 | 886 | 883 |
| CWIP | 6 | 7 | 14 | 6 | 25 | 43 | 29 | 24 | 67 | 124 | 128 | 26 | 51 |
| Investments | 35 | 35 | 135 | 145 | 171 | 183 | 583 | 713 | 531 | 642 | 689 | 892 | 927 |
| Other Assets | 418 | 538 | 590 | 690 | 802 | 875 | 595 | 755 | 1,133 | 1,054 | 1,193 | 1,251 | 1,281 |
| Total Assets | 833 | 940 | 1,089 | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,142 |
Below is a detailed analysis of the balance sheet data for Grindwell Norton Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 55.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 55.00 Cr..
- For Reserves, as of Sep 2025, the value is 2,226.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,200.00 Cr. (Mar 2025) to 2,226.00 Cr., marking an increase of 26.00 Cr..
- For Borrowings, as of Sep 2025, 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 84.00 Cr. (Mar 2025) to 80.00 Cr., marking a decrease of 4.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 780.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 716.00 Cr. (Mar 2025) to 780.00 Cr., marking an increase of 64.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 3,142.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,055.00 Cr. (Mar 2025) to 3,142.00 Cr., marking an increase of 87.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 883.00 Cr.. The value appears to be declining and may need further review. It has decreased from 886.00 Cr. (Mar 2025) to 883.00 Cr., marking a decrease of 3.00 Cr..
- For CWIP, as of Sep 2025, the value is 51.00 Cr.. The value appears strong and on an upward trend. It has increased from 26.00 Cr. (Mar 2025) to 51.00 Cr., marking an increase of 25.00 Cr..
- For Investments, as of Sep 2025, the value is 927.00 Cr.. The value appears strong and on an upward trend. It has increased from 892.00 Cr. (Mar 2025) to 927.00 Cr., marking an increase of 35.00 Cr..
- For Other Assets, as of Sep 2025, the value is 1,281.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,251.00 Cr. (Mar 2025) to 1,281.00 Cr., marking an increase of 30.00 Cr..
- For Total Assets, as of Sep 2025, the value is 3,142.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,055.00 Cr. (Mar 2025) to 3,142.00 Cr., marking an increase of 87.00 Cr..
Notably, the Reserves (2,226.00 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.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 129.00 | 166.00 | 169.00 | 185.00 | 248.00 | 272.00 | 265.00 | 312.00 | 385.00 | 450.00 | 437.00 | 431.00 |
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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 42 | 42 | 37 | 45 | 47 | 47 | 45 | 43 | 40 | 49 | 47 |
| Inventory Days | 163 | 171 | 190 | 162 | 159 | 169 | 155 | 163 | 184 | 146 | 148 | 140 |
| Days Payable | 62 | 67 | 62 | 109 | 114 | 93 | 116 | 158 | 134 | 88 | 110 | 122 |
| Cash Conversion Cycle | 135 | 145 | 171 | 89 | 90 | 123 | 87 | 50 | 92 | 98 | 86 | 66 |
| Working Capital Days | 39 | 41 | 56 | 49 | 54 | 74 | 50 | 36 | 51 | 44 | 47 | 37 |
| ROCE % | 22% | 25% | 22% | 20% | 23% | 23% | 20% | 23% | 26% | 28% | 25% | 21% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Midcap Fund | 2,539,059 | 1.69 | 394.98 | 2,300,000 | 2025-12-15 08:38:30 | 10.39% |
| SBI ELSS Tax Saver Fund | 1,909,590 | 0.92 | 297.06 | N/A | N/A | N/A |
| UTI Flexi Cap Fund | 1,469,180 | 0.89 | 228.55 | 1,477,459 | 2025-12-08 01:18:35 | -0.56% |
| Nippon India Small Cap Fund | 1,333,272 | 0.3 | 207.4 | 1,083,272 | 2025-12-08 01:18:35 | 23.08% |
| SBI Infrastructure Fund | 1,000,000 | 3.26 | 155.56 | N/A | N/A | N/A |
| SBI MNC Fund | 1,000,000 | 2.59 | 155.56 | N/A | N/A | N/A |
| Axis Small Cap Fund | 895,775 | 0.52 | 139.35 | 1,133,983 | 2025-12-08 01:18:35 | -21.01% |
| SBI Contra Fund | 796,647 | 0.25 | 123.93 | N/A | N/A | N/A |
| UTI Mid Cap Fund | 732,600 | 0.95 | 113.96 | N/A | N/A | N/A |
| ICICI Prudential Smallcap Fund | 717,941 | 1.32 | 111.68 | 677,941 | 2025-12-15 08:38:30 | 5.9% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Basic EPS (Rs.) | 33.30 | 34.65 | 32.69 | 26.70 | 21.60 |
| Diluted EPS (Rs.) | 33.30 | 34.65 | 32.69 | 26.70 | 21.60 |
| Cash EPS (Rs.) | 41.81 | 41.12 | 38.25 | 31.57 | 26.39 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 203.41 | 186.36 | 163.79 | 142.40 | 124.36 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 203.71 | 186.67 | 164.10 | 142.70 | 124.36 |
| Revenue From Operations / Share (Rs.) | 253.94 | 242.66 | 229.53 | 181.79 | 147.93 |
| PBDIT / Share (Rs.) | 53.56 | 53.08 | 50.19 | 41.05 | 33.87 |
| PBIT / Share (Rs.) | 45.19 | 46.68 | 44.76 | 36.22 | 28.96 |
| PBT / Share (Rs.) | 44.35 | 45.95 | 44.05 | 35.84 | 28.66 |
| Net Profit / Share (Rs.) | 33.45 | 34.72 | 32.82 | 26.74 | 21.48 |
| NP After MI And SOA / Share (Rs.) | 33.30 | 34.65 | 32.69 | 26.70 | 21.60 |
| PBDIT Margin (%) | 21.09 | 21.87 | 21.86 | 22.57 | 22.89 |
| PBIT Margin (%) | 17.79 | 19.23 | 19.49 | 19.92 | 19.57 |
| PBT Margin (%) | 17.46 | 18.93 | 19.19 | 19.71 | 19.37 |
| Net Profit Margin (%) | 13.17 | 14.30 | 14.29 | 14.70 | 14.51 |
| NP After MI And SOA Margin (%) | 13.11 | 14.27 | 14.24 | 14.68 | 14.60 |
| Return on Networth / Equity (%) | 16.37 | 18.69 | 20.07 | 18.88 | 17.52 |
| Return on Capital Employeed (%) | 20.66 | 23.50 | 26.13 | 24.58 | 22.43 |
| Return On Assets (%) | 12.06 | 13.85 | 15.00 | 13.98 | 12.82 |
| Total Debt / Equity (X) | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Asset Turnover Ratio (%) | 0.96 | 1.04 | 1.07 | 1.01 | 0.94 |
| Current Ratio (X) | 2.83 | 2.76 | 2.67 | 2.86 | 2.86 |
| Quick Ratio (X) | 2.06 | 1.90 | 1.77 | 1.93 | 2.12 |
| Inventory Turnover Ratio (X) | 5.75 | 1.86 | 1.93 | 1.87 | 1.73 |
| Dividend Payout Ratio (NP) (%) | 51.04 | 41.84 | 36.71 | 35.57 | 34.71 |
| Dividend Payout Ratio (CP) (%) | 40.79 | 35.32 | 31.48 | 30.12 | 28.28 |
| Earning Retention Ratio (%) | 48.96 | 58.16 | 63.29 | 64.43 | 65.29 |
| Cash Earning Retention Ratio (%) | 59.21 | 64.68 | 68.52 | 69.88 | 71.72 |
| Interest Coverage Ratio (X) | 63.44 | 75.75 | 71.24 | 110.30 | 109.72 |
| Interest Coverage Ratio (Post Tax) (X) | 40.62 | 50.59 | 47.58 | 72.86 | 70.57 |
| Enterprise Value (Cr.) | 18426.89 | 20843.35 | 20648.49 | 19658.68 | 10427.17 |
| EV / Net Operating Revenue (X) | 6.55 | 7.76 | 8.13 | 9.77 | 6.37 |
| EV / EBITDA (X) | 31.07 | 35.46 | 37.16 | 43.26 | 27.80 |
| MarketCap / Net Operating Revenue (X) | 6.64 | 7.83 | 8.17 | 9.90 | 6.44 |
| Retention Ratios (%) | 48.95 | 58.15 | 63.28 | 64.42 | 65.28 |
| Price / BV (X) | 8.29 | 10.25 | 11.52 | 12.73 | 7.73 |
| Price / Net Operating Revenue (X) | 6.64 | 7.83 | 8.17 | 9.90 | 6.44 |
| EarningsYield | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
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 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 33.30. This value is within the healthy range. It has decreased from 34.65 (Mar 24) to 33.30, marking a decrease of 1.35.
- For Diluted EPS (Rs.), as of Mar 25, the value is 33.30. This value is within the healthy range. It has decreased from 34.65 (Mar 24) to 33.30, marking a decrease of 1.35.
- For Cash EPS (Rs.), as of Mar 25, the value is 41.81. This value is within the healthy range. It has increased from 41.12 (Mar 24) to 41.81, marking an increase of 0.69.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 203.41. It has increased from 186.36 (Mar 24) to 203.41, marking an increase of 17.05.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 203.71. It has increased from 186.67 (Mar 24) to 203.71, marking an increase of 17.04.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 253.94. It has increased from 242.66 (Mar 24) to 253.94, marking an increase of 11.28.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 53.56. This value is within the healthy range. It has increased from 53.08 (Mar 24) to 53.56, marking an increase of 0.48.
- For PBIT / Share (Rs.), as of Mar 25, the value is 45.19. This value is within the healthy range. It has decreased from 46.68 (Mar 24) to 45.19, marking a decrease of 1.49.
- For PBT / Share (Rs.), as of Mar 25, the value is 44.35. This value is within the healthy range. It has decreased from 45.95 (Mar 24) to 44.35, marking a decrease of 1.60.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 33.45. This value is within the healthy range. It has decreased from 34.72 (Mar 24) to 33.45, marking a decrease of 1.27.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 33.30. This value is within the healthy range. It has decreased from 34.65 (Mar 24) to 33.30, marking a decrease of 1.35.
- For PBDIT Margin (%), as of Mar 25, the value is 21.09. This value is within the healthy range. It has decreased from 21.87 (Mar 24) to 21.09, marking a decrease of 0.78.
- For PBIT Margin (%), as of Mar 25, the value is 17.79. This value is within the healthy range. It has decreased from 19.23 (Mar 24) to 17.79, marking a decrease of 1.44.
- For PBT Margin (%), as of Mar 25, the value is 17.46. This value is within the healthy range. It has decreased from 18.93 (Mar 24) to 17.46, marking a decrease of 1.47.
- For Net Profit Margin (%), as of Mar 25, the value is 13.17. This value exceeds the healthy maximum of 10. It has decreased from 14.30 (Mar 24) to 13.17, marking a decrease of 1.13.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 13.11. This value is within the healthy range. It has decreased from 14.27 (Mar 24) to 13.11, marking a decrease of 1.16.
- For Return on Networth / Equity (%), as of Mar 25, the value is 16.37. This value is within the healthy range. It has decreased from 18.69 (Mar 24) to 16.37, marking a decrease of 2.32.
- For Return on Capital Employeed (%), as of Mar 25, the value is 20.66. This value is within the healthy range. It has decreased from 23.50 (Mar 24) to 20.66, marking a decrease of 2.84.
- For Return On Assets (%), as of Mar 25, the value is 12.06. This value is within the healthy range. It has decreased from 13.85 (Mar 24) to 12.06, marking a decrease of 1.79.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. It has decreased from 0.01 (Mar 24) to 0.00, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.96. It has decreased from 1.04 (Mar 24) to 0.96, marking a decrease of 0.08.
- For Current Ratio (X), as of Mar 25, the value is 2.83. This value is within the healthy range. It has increased from 2.76 (Mar 24) to 2.83, marking an increase of 0.07.
- For Quick Ratio (X), as of Mar 25, the value is 2.06. This value exceeds the healthy maximum of 2. It has increased from 1.90 (Mar 24) to 2.06, marking an increase of 0.16.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.75. This value is within the healthy range. It has increased from 1.86 (Mar 24) to 5.75, marking an increase of 3.89.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 51.04. This value exceeds the healthy maximum of 50. It has increased from 41.84 (Mar 24) to 51.04, marking an increase of 9.20.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 40.79. This value is within the healthy range. It has increased from 35.32 (Mar 24) to 40.79, marking an increase of 5.47.
- For Earning Retention Ratio (%), as of Mar 25, the value is 48.96. This value is within the healthy range. It has decreased from 58.16 (Mar 24) to 48.96, marking a decrease of 9.20.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 59.21. This value is within the healthy range. It has decreased from 64.68 (Mar 24) to 59.21, marking a decrease of 5.47.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 63.44. This value is within the healthy range. It has decreased from 75.75 (Mar 24) to 63.44, marking a decrease of 12.31.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 40.62. This value is within the healthy range. It has decreased from 50.59 (Mar 24) to 40.62, marking a decrease of 9.97.
- For Enterprise Value (Cr.), as of Mar 25, the value is 18,426.89. It has decreased from 20,843.35 (Mar 24) to 18,426.89, marking a decrease of 2,416.46.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.55. This value exceeds the healthy maximum of 3. It has decreased from 7.76 (Mar 24) to 6.55, marking a decrease of 1.21.
- For EV / EBITDA (X), as of Mar 25, the value is 31.07. This value exceeds the healthy maximum of 15. It has decreased from 35.46 (Mar 24) to 31.07, marking a decrease of 4.39.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.64. This value exceeds the healthy maximum of 3. It has decreased from 7.83 (Mar 24) to 6.64, marking a decrease of 1.19.
- For Retention Ratios (%), as of Mar 25, the value is 48.95. This value is within the healthy range. It has decreased from 58.15 (Mar 24) to 48.95, marking a decrease of 9.20.
- For Price / BV (X), as of Mar 25, the value is 8.29. This value exceeds the healthy maximum of 3. It has decreased from 10.25 (Mar 24) to 8.29, marking a decrease of 1.96.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.64. This value exceeds the healthy maximum of 3. It has decreased from 7.83 (Mar 24) to 6.64, marking a decrease of 1.19.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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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:
- Net Profit Margin: 13.17%
- 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.
- ROCE: 20.66% (Industry Average ROCE: 18.93%)
- 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.
- ROE%: 16.37% (Industry Average ROE: 13.97%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 40.62
- 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.
- Quick Ratio: 2.06
- 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.
- Stock P/E: 46.4 (Industry average Stock P/E: 55.5)
- 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.
- Total Debt / Equity: 0
- 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.
Stock Rating: - Net Profit Margin: 13.17%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Abrasives And Grinding Wheels | 5th Level, Leela Business Park, Andheri-Kurla Road, Mumbai Maharashtra 400059 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Subodh Nadkarni | Chairman |
| Mr. Venugopal Shanbhag | Managing Director |
| Dr. Archana Hingorani | Director |
| Mr. Aakil Anand Mahajan | Director |
| Mr. David Eric Molho | Director |
| Mr. Sreedhar Natarajan | Director |
| Mr. Kaustubh Govind Shukla | Director |
| Ms. Stephanie Billet | Director |
| Mr. Hari Singudasu | Director |
FAQ
What is the intrinsic value of Grindwell Norton Ltd?
Grindwell Norton Ltd's intrinsic value (as of 07 January 2026) is ₹1236.44 which is 22.58% lower the current market price of ₹1,597.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹17,682 Cr. market cap, FY2025-2026 high/low of ₹1,968/1,356, reserves of ₹2,226 Cr, and liabilities of ₹3,142 Cr.
What is the Market Cap of Grindwell Norton Ltd?
The Market Cap of Grindwell Norton Ltd is 17,682 Cr..
What is the current Stock Price of Grindwell Norton Ltd as on 07 January 2026?
The current stock price of Grindwell Norton Ltd as on 07 January 2026 is ₹1,597.
What is the High / Low of Grindwell Norton Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Grindwell Norton Ltd stocks is ₹1,968/1,356.
What is the Stock P/E of Grindwell Norton Ltd?
The Stock P/E of Grindwell Norton Ltd is 46.4.
What is the Book Value of Grindwell Norton Ltd?
The Book Value of Grindwell Norton Ltd is 206.
What is the Dividend Yield of Grindwell Norton Ltd?
The Dividend Yield of Grindwell Norton Ltd is 1.06 %.
What is the ROCE of Grindwell Norton Ltd?
The ROCE of Grindwell Norton Ltd is 20.9 %.
What is the ROE of Grindwell Norton Ltd?
The ROE of Grindwell Norton Ltd is 16.0 %.
What is the Face Value of Grindwell Norton Ltd?
The Face Value of Grindwell Norton Ltd is 5.00.