GRINDWELL NORTON Latest Share Price (GRINDWELL)
TODAY IN ONE LINE
GRINDWELL jumped 3.8% on average volume, outperforming Nifty's 0.3% move, with no exchange filing today, suggesting a market-driven move.
With a market cap of ₹21,746.51 Cr., it trades at a P/E of 48.46. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
GRINDWELL NORTON flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 28.3% YoY
- ●High Capital EfficiencyROCE of 16.7% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 16.4%
- ●Healthy Operating MarginsOPM is structurally strong at 18.3%
- ●Steady Dividend YieldReliable 1.00% dividend yield
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.02x
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Expensive ValuationTrading at a high P/E ratio of 57.7x
- ●Promoter SellingPromoter holding decreased by 51.33% QoQ
Latest GRINDWELL NORTON News
What changed recently?
Recent events, corporate actions, and announcements.
GRINDWELL NORTON valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for GRINDWELL NORTON, framed against the sector median so the premium or discount is obvious at a glance.
GRINDWELL NORTON trades at a P/E of 48.46× and P/B of 8.34×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
GRINDWELL NORTON technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for GRINDWELL NORTON — derived from the latest tape, not yesterday's close.
GRINDWELL NORTON last traded at ₹1,966.8 with an intraday range of ₹1,888.1–₹1,993.8 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1966.80| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2222.43 | +255.63 | +13.00% |
| R3 | 2116.73 | +149.93 | +7.62% |
| R2 | 2055.27 | +88.47 | +4.50% |
| R1 | 2011.03 | +44.23 | +2.25% |
| PIVOT | 1949.57 | -17.23 | -0.88% |
| CURRENT | 1966.80 | — | — |
| S1 | 1905.33 | -61.47 | -3.13% |
| S2 | 1843.87 | -122.93 | -6.25% |
| S3 | 1799.63 | -167.17 | -8.50% |
| S4 | 1693.93 | -272.87 | -13.87% |
GRINDWELL is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹1888.1–₹1929
Trading Above opening range, showing Bullishness
GRINDWELL NORTON financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for GRINDWELL NORTON — consolidated or standalone — with margins, YoY growth and key ratios inline.
GRINDWELL NORTON reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹21,746.51 Cr. and reported EPS of ₹39.43.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 2,812 | 3,073 ▲ 9.3% |
| Sales Growth YoY %Derived | 4.65% | 9.30% |
| Other Income | 80 | 95 ▲ 18.8% |
| Total Income | 2,891 | 3,168 ▲ 9.6% |
| 1,276 | 1,425 ▲ 11.7% | |
| Gross ProfitDerived | 1,536 | 1,648 ▲ 7.3% |
| Gross Margin %Derived | 54.61% | 53.64% |
| 1,022 | 1,075 ▲ 5.1% | |
| EBITDA (Operating Profit)Derived | 513 | 574 ▲ 11.8% |
| OPM %Derived | 18.25% | 18.67% |
| 102 | 113 ▲ 11.1% | |
| Profit Before Tax (PBT) | 491 | 555 ▲ 13.1% |
| 121 | 139 ▲ 14.8% | |
| Effective Tax %Derived | 24.58% | 24.96% |
| Total Profit for Period | 371 | 417 ▲ 12.3% |
| Less: Non-controlling Interests | 3 | 1 ▼ 55.5% |
| Net Profit (Owner's PAT)Derived | 369 | 416 ▲ 12.7% |
| Net Profit Margin %Derived | 13.11% | 13.53% |
| PAT Growth YoY %Derived | -3.89% | 12.73% |
| Earnings Per Share (EPS ₹) | 33.30 | 37.54 ▲ 12.7% |
| Diluted Shares Outstanding (Cr) | 11 | 11 ▲ 0.0% |
| Share of Profit from Associates/JVs | 1 | 0 ▼ 91.8% |
| Other Comprehensive Income (Net of Tax) | 18 | 48 ▲ 174.0% |
| Total Expenses (incl. D&A & Interest) | 2,400 | 2,613 ▲ 8.8% |
| Material Cost % of RevenueDerived | 32.19% | 32.87% |
| Employee Cost % of RevenueDerived | 11.99% | 11.39% |
| Other Cost % of RevenueDerived | 24.38% | 23.58% |
| Interest Coverage (x)Derived | 44.99x | 57.37x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,454 | 1,598 ▲ 9.9% | 1,580 ▼ 1.2% | 1,638 ▲ 3.7% | 2,013 ▲ 22.9% | 2,541 ▲ 26.3% | 2,687 ▲ 5.7% | 2,812 ▲ 4.6% | 3,073 ▲ 9.3% | |
| Sales Growth YoY %Derived | — | 9.92% | -1.16% | 3.69% | 22.89% | 26.26% | 5.72% | 4.65% | 9.30% | |
| Other Income | 27 | 35 ▲ 31.2% | 40 ▲ 14.2% | 51 ▲ 26.3% | 53 ▲ 4.2% | 56 ▲ 5.6% | 68 ▲ 21.8% | 80 ▲ 16.9% | 95 ▲ 18.8% | |
| Total Income | 1,481 | 1,633 ▲ 10.3% | 1,620 ▼ 0.8% | 1,689 ▲ 4.3% | 2,066 ▲ 22.3% | 2,597 ▲ 25.7% | 2,755 ▲ 6.1% | 2,891 ▲ 5.0% | 3,168 ▲ 9.6% | |
624 | 710 ▲ 13.8% | 713 ▲ 0.5% | 721 ▲ 1.1% | 890 ▲ 23.5% | 1,162 ▲ 30.5% | 1,207 ▲ 3.9% | 1,276 ▲ 5.8% | 1,425 ▲ 11.7% | ||
| Gross ProfitDerived | 830 | 889 ▲ 7.0% | 867 ▼ 2.5% | 917 ▲ 5.8% | 1,123 ▲ 22.4% | 1,380 ▲ 22.9% | 1,480 ▲ 7.3% | 1,536 ▲ 3.7% | 1,648 ▲ 7.3% | |
| Gross Margin %Derived | 57.11% | 55.60% | 54.86% | 55.99% | 55.79% | 54.29% | 55.09% | 54.61% | 53.64% | |
583 | 617 ▲ 5.7% | 602 ▼ 2.4% | 593 ▼ 1.5% | 721 ▲ 21.7% | 880 ▲ 22.0% | 961 ▲ 9.2% | 1,022 ▲ 6.4% | 1,075 ▲ 5.1% | ||
| EBITDA (Operating Profit)Derived | 247 | 272 ▲ 10.1% | 265 ▼ 2.7% | 324 ▲ 22.5% | 401 ▲ 23.8% | 500 ▲ 24.5% | 519 ▲ 4.0% | 513 ▼ 1.2% | 574 ▲ 11.8% | |
| OPM %Derived | 16.98% | 17.01% | 16.75% | 19.79% | 19.94% | 19.66% | 19.33% | 18.25% | 18.67% | |
46 | 47 ▲ 0.8% | 62 ▲ 33.2% | 58 ▼ 7.2% | 57 ▼ 2.0% | 68 ▲ 20.0% | 78 ▲ 15.2% | 102 ▲ 30.3% | 113 ▲ 11.1% | ||
| Profit Before Tax (PBT) | 227 | 260 ▲ 14.5% | 243 ▼ 6.8% | 317 ▲ 30.8% | 396 ▲ 24.8% | 488 ▲ 23.2% | 509 ▲ 4.3% | 491 ▼ 3.5% | 555 ▲ 13.1% | |
77 | 92 ▲ 19.8% | 59 ▼ 35.9% | 79 ▲ 35.3% | 101 ▲ 26.9% | 124 ▲ 23.4% | 124 ▲ 0.0% | 121 ▼ 3.0% | 139 ▲ 14.8% | ||
| Effective Tax %Derived | 33.67% | 35.22% | 24.21% | 25.04% | 25.46% | 25.50% | 24.45% | 24.58% | 24.96% | |
| Total Profit for Period | 151 | 169 ▲ 11.8% | 184 ▲ 9.0% | 238 ▲ 29.3% | 295 ▲ 24.1% | 362 ▲ 22.5% | 384 ▲ 6.2% | 371 ▼ 3.3% | 417 ▲ 12.3% | |
| Less: Non-controlling Interests | 1 | — ▼ 100.0% | 1 | -1 ▼ 205.1% | -1 ▲ 60.4% | -0 ▲ 33.3% | 0 ▲ 181.6% | 3 ▲ 721.1% | 1 ▼ 55.5% | |
| Net Profit (Owner's PAT)Derived | 150 | 169 ▲ 12.7% | 183 ▲ 8.2% | 239 ▲ 31.0% | 296 ▲ 23.6% | 362 ▲ 22.4% | 384 ▲ 6.0% | 369 ▼ 3.9% | 416 ▲ 12.7% | |
| Net Profit Margin %Derived | 10.30% | 10.56% | 11.56% | 14.60% | 14.69% | 14.24% | 14.28% | 13.11% | 13.53% | |
| PAT Growth YoY %Derived | — | 12.68% | 8.18% | 31.04% | 23.61% | 22.41% | 6.01% | -3.89% | 12.73% | |
| Earnings Per Share (EPS ₹) | 13.52 | 15.24 ▲ 12.7% | 16.48 ▲ 8.1% | 21.60 ▲ 31.1% | 26.70 ▲ 23.6% | 32.69 ▲ 22.4% | 34.65 ▲ 6.0% | 33.30 ▼ 3.9% | 37.54 ▲ 12.7% | |
| Diluted Shares Outstanding (Cr) | 11 | 11 ▲ 0.0% | 11 ▲ 0.0% | 11 ▲ 0.0% | 11 ▲ 0.0% | 11 ▲ 0.0% | 11 ▲ 0.0% | 11 ▲ 0.0% | 11 ▲ 0.0% | |
| Share of Profit from Associates/JVs | — | — | 0 | -0 ▼ 800.0% | — ▲ 100.0% | -2 | -0 ▲ 77.4% | 1 ▲ 324.0% | 0 ▼ 91.8% | |
| Other Comprehensive Income (Net of Tax) | -0 | 5 ▲ 3871.4% | -15 ▼ 377.3% | 20 ▲ 233.8% | 12 ▼ 40.8% | 7 ▼ 41.2% | 25 ▲ 264.2% | 18 ▼ 29.0% | 48 ▲ 174.0% | |
| Total Expenses (incl. D&A & Interest) | 1,253 | 1,373 ▲ 9.6% | 1,377 ▲ 0.3% | 1,372 ▼ 0.4% | 1,670 ▲ 21.8% | 2,110 ▲ 26.3% | 2,246 ▲ 6.5% | 2,400 ▲ 6.9% | 2,613 ▲ 8.8% | |
| Material Cost % of RevenueDerived | 35.11% | 39.36% | 37.54% | 31.87% | 34.92% | 36.35% | 32.89% | 32.19% | 32.87% | |
| Employee Cost % of RevenueDerived | 12.16% | 12.05% | 12.97% | 12.69% | 12.46% | 11.70% | 12.13% | 11.99% | 11.39% | |
| Other Cost % of RevenueDerived | 27.97% | 26.54% | 25.15% | 23.52% | 23.39% | 22.93% | 23.63% | 24.38% | 23.58% | |
| Interest Coverage (x)Derived | 132.06x | 151.05x | 46.25x | 78.87x | 84.44x | 56.34x | 57.80x | 44.99x | 57.37x |
GRINDWELL NORTON segment analysis : revenue and profit mix.
Disclosed business segments at GRINDWELL NORTON with their share of revenue and profit, switchable between consolidated and standalone reporting.
GRINDWELL NORTON discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for GRINDWELL NORTON.
Our AI distills the core fundamental drivers supporting GRINDWELL NORTON, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
GRINDWELL NORTON's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Latest quarterly EPS grew 28.3% YoY, demonstrating strong earnings momentum despite sales softness
TTM revenue growth 18.7% substantially outpaces peers SKF India and Timken significantly
Operating margin 15.31% TTM and net margin 13.58% lead sector competitors substantially
ROE 16.38% and ROCE 16.83% indicate efficient capital deployment and competitive returns
Debt-to-equity 0.0002x reflects fortress balance sheet with exceptional financial stability
Key Risks.
Latest quarterly sales ₹793.86 Cr declined 1.17% YoY despite strong TTM revenue growth
P/E ratio 57.67x elevated, limiting upside potential at current valuations significantly
P/B ratio 5.95x premium valuation leaves minimal margin of safety for investors
Dividend yield 0.96% modest, offering limited income to equity investors seeking returns
FII holdings eased from 8.63% to 6.38%, signaling foreign investor caution and concern
Flip Conditions.
Valuation risk. a P/E above 63 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 11% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.50%.
GRINDWELL NORTON peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — GRINDWELL NORTON is highlighted for quick read-across.
Quick Compare
GRINDWELL NORTON chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for GRINDWELL NORTON — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
GRINDWELL NORTON delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for GRINDWELL NORTON over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in GRINDWELL NORTON stood at 58.5% of traded volume, against a 20-day average of 58.0%.
GRINDWELL NORTON announcements: results, concalls, ratings, M&A.
Filings GRINDWELL NORTON sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
GRINDWELL NORTON files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 100 documents below.
General Updates
Please find attached the ESG Rating from NSE Sustainability Ratings & Analytics Limited
Analysts/Institutional Investor Meet/Con. Call Updates
Grindwell Norton Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Grindwell Norton Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Grindwell Norton Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Grindwell Norton Limited has informed the Exchange about Schedule of meet
Investor decks & rating reports.
GRINDWELL NORTON dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue GRINDWELL NORTON has declared, sequenced by announce and record date.
GRINDWELL NORTON corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About GRINDWELL NORTON: business, sector, key facts.
What GRINDWELL NORTON does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
GRINDWELL NORTON operates in the Abrasives & Bearings industry under the Capital Goods sector, listed as NSE: GRINDWELL, BSE: 506076.
Grindwell Norton Limited is a prominent Indian multinational corporation specializing in the manufacturing and distribution of abrasives, ceramics, and plastics. Their diverse product portfolio caters to a wide range of industrial applications globally, solidifying their position as a significant player in the materials science sector.
A major component of their business lies within the abrasives segment. This encompasses bonded abrasives, utilized in various grinding and finishing processes across diverse industries. Their offerings include a comprehensive selection of shapes and sizes, suitable for tasks ranging from precise super-finishing to rough snagging and burr removal. In addition to bonded abrasives, Grindwell Norton produces coated abrasives (discs, belts, etc.) for polishing and surface preparation, as well as specialized super abrasives for high-precision applications in sectors like automotive, steel, and electronics manufacturing. They also supply silicon carbide grains, a crucial raw material in abrasive production and other industries such as refractories and stone polishing.
The ceramics segment focuses on the production of PCR (pressure-cast refractory) ceramic products. These find applications in various sectors, including sanitary ware, tableware manufacturing, and more specialized uses like ballistic armor and wear-resistant systems. This demonstrates Grindwell Norton's commitment to advanced materials and diverse applications beyond their core abrasive business.
Furthermore, Grindwell Norton's portfolio extends to performance plastics. They manufacture and market a variety of plastic products including bearings, seals, tubing, films, fabrics, and single-use assemblies. These products serve a broad range of industries, such as automotive, oil and gas, life sciences, construction, energy, and general industrial applications, showcasing the company's ability to leverage material expertise across various product categories.
In summary, Grindwell Norton Limited's business model rests on a foundation of diverse material science expertise, allowing them to offer a wide array of products across the abrasives, ceramics, and plastics sectors. Their global reach and focus on high-quality materials positions them competitively within the international marketplace. Established in 1941 and headquartered in Mumbai, India, the company is a subsidiary of the renowned Compagnie de Saint-Gobain S.A., further emphasizing their global connections and market presence.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
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Questions investors ask about GRINDWELL NORTON (GRINDWELL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of GRINDWELL NORTON (GRINDWELL)?
The current share price of GRINDWELL NORTON (GRINDWELL) is ₹1,966.80. Today, the stock has gained by ₹71.20 (3.76%), trading in a range of ₹1,888.10 to ₹1,993.80. The stock opened at ₹1,895.60 with a trading volume of 78,264 shares.
02Is GRINDWELL NORTON stock a good investment for long-term?
GRINDWELL NORTON can be considered for long-term investment based on several factors. The company has a market capitalization of ₹21,746.51 Cr., P/E ratio of 48.46, ROE of 16.35%, and ROCE of 16.7%. The dividend yield stands at 1%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of GRINDWELL NORTON stock?
The 52-week high price of GRINDWELL NORTON (GRINDWELL) is ₹2,455.00, while the 52-week low is ₹1,329.00. Currently trading at ₹1,966.80, the stock is 47.99% above its 52-week low and 19.89% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy GRINDWELL NORTON stock at the current price?
Whether to buy GRINDWELL NORTON stock at ₹1,966.80 depends on multiple factors. The stock is currently trading with a P/E ratio of 48.46 and P/B ratio of 8.34. Today's performance shows a gain of 3.76%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of GRINDWELL NORTON and when is the next dividend?
GRINDWELL NORTON offers a dividend yield of 1%, which means for every ₹100 invested at the current price of ₹1,966.80, you can expect to receive approximately ₹1.00 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of GRINDWELL NORTON?
GRINDWELL NORTON's key financial metrics include: P/E Ratio: 48.46, P/B Ratio: 8.34, ROE: 16.35%, ROCE: 16.7%, Dividend Yield: 1%, EPS: ₹39.43, Book Value: ₹228.93, and Debt-to-Equity: 0.02. The company's market cap stands at ₹21,746.51 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is GRINDWELL NORTON stock performing today in the market?
GRINDWELL NORTON stock opened at ₹1,895.60 and is currently trading at ₹1,966.80, showing a gain of ₹71.20 (3.76%). The intraday high is ₹1,993.80 and low is ₹1,888.10. The trading volume stands at 78,264 shares, indicating moderate market participation today.
08What is the P/E ratio of GRINDWELL NORTON and what does it indicate?
GRINDWELL NORTON has a Price-to-Earnings (P/E) ratio of 48.46, which means investors are willing to pay 48.46 for every ₹1 of earnings. With an EPS of ₹39.43, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about GRINDWELL NORTON (GRINDWELL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.