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Grindwell Norton Limited

Grindwell Norton Limited

1,850.35
INR
-27.25
(-1.45%)
38.35EPS
56.72P/E
240.40BMarket Cap
Oct 29Next Earn
Grindwell Norton Limited
BSE:GRINDWELL
(Bombay Stock Exchange)

Recent

price

1,850.35

P/E

ratio

56.72

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
71.96
81.37
84.93
87.2
101.87
103.27
113.34
128.53
142.96
141.52
147
180.83
228.07
241.03
252.8
276.41
279
Revenue per Share
7.47
9.3
8.79
7.58
9.32
9.5
10.78
13.52
15.11
16.48
21.6
26.7
32.69
34.65
33.3
37.54
38.28
Basic EPS, GAAP
4.88
0.81
1.9
7.23
6.12
8.91
10.53
8.61
1.57
24.13
25.55
5.51
6.42
17.66
32.91
38.23
- -
Free Cash Flow per Basic Share
2.99
3
3.25
3.25
3.25
6.5
- -
4
5
6
7.5
9.5
12
14.5
17
17
- -
Dividend per Share
36.15
41.65
46.63
50.39
64.02
68.93
80.66
89.46
99.16
107.24
123.27
141.66
163.1
185.63
203.71
228.93
- -
Book Value per Share
35.43
41.05
46.04
49.92
63.71
68.66
80.45
89.33
99.07
107.15
122.45
140.68
154.51
177.15
195.21
220.62
- -
Tangible Book Value per Share
111
111
111
111
111
111
111
111
111
111
111
111
111
111
111
111
111
Basic Weighted Avg Shares
7,968
9,009
9,403
9,655
11,279
11,434
12,549
14,231
15,829
15,669
16,275
20,021
25,252
26,686
27,989
30,604
30,893
Sales/Revenue/Turnover
15.9
15.6
13.71
11.77
12.41
12.44
12.04
14.28
14.34
13.2
16.58
17.38
17.88
16.87
15.18
15.89
15.69
Operating Margin (%)
210
214
244
318
416
426
422
448
452
578
544
535
601
709
926
1,051
1,053
Depreciation Expense
827
1,030
973
839
1,032
1,052
1,194
1,497
1,672
1,825
2,392
2,956
3,619
3,836
3,687
4,157
4,239
Net Income, GAAP
32.62
30.6
28.32
30.75
32.25
33.96
32.73
33.67
35.22
24.21
25.05
25.46
25.6
24.47
24.53
24.95
25
Effective Tax Rate (%)
10.38
11.43
10.35
8.69
9.15
9.2
9.51
10.52
10.57
11.65
14.7
14.77
14.33
14.38
13.17
13.58
13.72
Profit Margin (%)
1,753
1,401
1,359
1,872
2,882
3,001
4,135
4,834
5,704
6,466
8,114
8,893
8,812
10,030
11,661
13,595
- -
Working Capital
183
156
139
118
64
28
19
- -
- -
126
63
80
295
605
607
414
- -
LT Debt
4,061
4,670
5,234
5,655
7,174
7,729
9,043
10,029
11,118
12,009
13,770
15,800
18,169
20,668
22,695
25,499
- -
Total Equity
20.87
21.17
17.74
13.78
14.28
12.17
11.88
13.92
13.82
13.4
15.48
17.45
19.01
16.77
14.08
14.59
- -
Return on Invested Capital (%)
21.08
23.06
19.31
14.85
15.8
13.85
14.03
15.63
15.77
15.81
18.62
20.06
21.26
19.37
16.58
16.95
- -
Return on Capital (%)
21.9
23.9
19.91
15.63
16.3
14.3
14.42
15.9
16.02
15.97
18.74
20.16
21.45
19.87
17.11
17.35
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
193
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
414
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
111
111
111
Market Capitalization
173,343
149,810
240,401

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
21,121
- -
Cash, Cash Equivalents & STI
- -
11,604
- -
Accounts Receivable, Net
- -
3,968
- -
Inventories
- -
4,815
- -
Total Current Liabilities
- -
7,526
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
193
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.71%
13.13%
12.35%
Free Cash Flow
158.17%
43.16%
16.14%
Net Income, GAAP
15.16%
12.17%
12.73%
Sales/Revenue/Turnover
10.63%
13.81%
9.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7,031
6,907
6,992
7,059
27,989
2026
7,001
- -
7,498
8,388
30,604
2027
8,006
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8.42
8.69
7.84
8.36
33.3
2026
8.53
- -
8.6
10.72
37.54
2027
10.43
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
17
2026
- -
- -
- -
- -
17
2027
- -
- -
- -
- -
- -
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Business
Grindwell Norton Limited, a subsidiary of the Saint-Gobain Group holding 51.66% equity, manufactures and markets abrasives, ceramics, performance plastics, and allied products; its core offerings encompass bonded abrasives including grinding wheels, cutting discs, and crankshaft wheels; coated abrasives such as abrasive belts, sandpaper, and paper discs; superabrasives featuring diamond and cubic boron nitride tools; ceramics like kiln furniture,tap hole clay, and fused cast refractories; performance plastics comprising precision components and engineering plastics; and composite systems including adhesive tapes and thermal insulation solutions. The company serves industries including automotive, aerospace, steel, construction, power, and railways with customized grinding, cutting, polishing, and finishing solutions; it pioneered grinding wheels manufacturing in India in 1941 and maintains headquarters in Mumbai, India, with manufacturing facilities across Maharashtra, Karnataka, Gujarat, Himachal Pradesh, and a subsidiary in Bhutan for silicon carbide production; operations extend to international markets through exports. Recent developments include the 2023 acquisition of PRS Permacel Pvt Ltd to bolster composite systems capabilities in adhesives for industrial, railway, metro, two-wheeler, and electric vehicle sectors; board approval in July 2025 for land purchase up to Rs 18 crore in Halol, Gujarat, to support future operations; investment up to Rs 77 lakhs in Jamnagar Renewals Two Private Limited for green power sourcing; appointment of Ms Stephanie Billet as additional non-executive director and Mr Prakash Sabarad as chief financial officer in May 2025 following resignations; and execution of power purchase and share subscription agreements with renewable energy providers to align with sustainability goals.