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Grindwell Norton Ltd

Grindwell Norton

Mid Cap•2,524 Employees•IPO 2000
Current Price
₹1599.80
4.6 (0.29%)Updated
NSE :GRINDWELL
BSE :506076
Sector :Machinery
Today's Range
₹1599.80
₹1599.80
union icon
₹1599.80
52 Week Range
52W Low₹1442.05
52W High₹1884.00
₹1599.80
union icon
Downside10.94%
Upside17.76%
chart iconChart

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
₹17,988.13 Cr
Market Cap
Total market value of company
P/E Ratio
47.25
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
7.71
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
₹34.38
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
8.79%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
20.90%
ROCE
Return on Capital Employed. >15% is good
Net Margin
13.17%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
15.16%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
12.22%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
-0.30%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
1.37%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
0.04
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
₹203.71
Book Value
Net asset value per share
Dividend Yield
1.05%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
58.00%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

5 points
  • •Grindwell Norton demonstrates robust profitability with a strong Return on Equity (ROE) of 16.00% and Return on Capital Employed (ROCE) of 20.90%, indicating efficient capital utilization and superior returns.
  • •The company maintains a very healthy financial structure with an extremely low debt-to-equity ratio of 0.04, showcasing minimal reliance on external borrowing and strong balance sheet health.

Weaknesses

4 points
  • •Grindwell Norton's stock appears highly valued with a P/E ratio of 47.10, significantly above some peers like SKF India (20.16), suggesting potential overvaluation requiring careful investor assessment.
  • •The stock is trading substantially below its 52-week high of 2339.00 at a current price of 1574.00, indicating significant price depreciation and potential investor sentiment concerns.

Opportunities

3 points
  • •The company operates in the 'Capital Goods' sector, which often benefits from government infrastructure spending and industrial growth, potentially driving demand for abrasives and bearings.
  • •With a robust balance sheet (debt-to-equity 0.04) and strong profitability (ROE 16.00%), Grindwell Norton is well-positioned for strategic acquisitions or market expansion initiatives.

Threats

2 points
  • •Intense competition from established players like SKF India, with a significantly lower P/E of 20.16, could lead to pricing pressures and market share erosion for Grindwell Norton.
  • •The cyclical nature of the Capital Goods sector, where Grindwell Norton operates, exposes it to economic downturns and fluctuating industrial demand, potentially impacting future sales and profits.

Segment-wise Financial Analysis

Financial Results

Balance Sheet

Standalone • Annual • All amounts in ₹ Crores • CA Schedule III Format

No Balance Sheet Data Available

Standalone annual data is not available for this symbol.
Try switching to Consolidated view.

Shareholding Pattern

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Company Insider Trading Activity

No insider trading data available

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4₹1599.80+₹0.00+0.00%
R3₹1599.80+₹0.00+0.00%
R2₹1599.80+₹0.00+0.00%
R1₹1599.80+₹0.00+0.00%
PIVOT₹1599.800.000.00%
CURRENT₹1599.80--
S1₹1599.80-₹0.00-0.00%
S2₹1599.80-₹0.00-0.00%
S3₹1599.80-₹0.00-0.00%
S4₹1599.80-₹0.00-0.00%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
0.13L
(04 Mar 2026)
-78.2% vs avg
Delivery %
64.0%
(04 Mar 2026)
+0.4% vs avg
Avg Volume (20D)
0.61L
(04 Feb - 04 Mar)
20-day average
Avg Delivery %
63.6%
(04 Feb - 04 Mar)
Trend ↑
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
Schaeffler India Ltd
59,147.65 ₹ Cr
Best Profit Growth
Jyoti CNC Automation Ltd
40.30 %
Highest Dividend Yield
Ingersoll-Rand (India) Ltd
2.09 %

Peer Comparison

Company Name
AIAENG
AIA Engineering Ltd
ELGIEQUIP
Elgi Equipments Ltd
INGERRAND
Ingersoll-Rand (India) Ltd
JYOTICNC
Jyoti CNC Automation Ltd
KIRLOSBROS
Kirloskar Brothers Ltd
KIRLOSENG
Kirloskar Oil Engines Ltd
KSB
KSB Ltd
SCHAEFFLER
Schaeffler India Ltd
TEGA
Tega Industries Ltd
THERMAX
Thermax Ltd
TIMKEN
Timken India Ltd

About

GRINDWELL

Grindwell Norton Ltd

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.

COMPANY FACTS - GRINDWELL

Registered Address

5th Level, Leela Business Park, Andheri-Kurla Road,, Marol, Andheri (East)

Mumbai

MAHARASHTRA

IN

Tel: 912240212121

Website:https://www.grindwellnorton.co.in/

Investor Relations:http://www.grindwellnorton.co.in/investor-information
Company Details

Group: Capital Goods

Sector: Industrials

Industry: Machinery

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 2,524

IPO Date: 18/04/2000

MANAGEMENT - GRINDWELL

Mr. Subodh Nadkarni

Non-Executive Independent Chairman of the Board

Mr. Hari Singudasu

Chief Financial Officer

Mr. Krishnaswamy Visweswaran

Compliance Officer, Company Secretary

Mr. B. Santhanam

Managing Director, Executive Director

Mr. Venugopal Shanbhag

Executive Director

Mr. Jean-Claude Lasserre

Non-Executive Director

Mr. Aakil Mahajan

Non-Executive Director

Mr. David Molho

Non-Executive Director

Mr. Sreedhar Natarajan

Non-Executive Director

Dr. Archana Hingorani

Non-Executive Independent Director

Mr. Kaustubh Shukla

Non-Executive Independent Director

Investor Questions Answered

Grindwell Norton Ltd (GRINDWELL) Stock FAQs

Get answers to the most common questions about Grindwell Norton Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of Grindwell Norton Ltd (GRINDWELL) is ₹1,599.8. Today, the stock has gained by ₹4.60 (0.29%), trading in a range of ₹1,599.8 to ₹1,599.8. The stock opened at ₹1,599.8 with a trading volume of 6 shares.
Grindwell Norton Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹17,988.13 crores, P/E ratio of 47.25, ROE of 8.79%, and ROCE of 20.90%. The dividend yield stands at 1.05%. 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.
The 52-week high price of Grindwell Norton Ltd (GRINDWELL) is ₹1,884, while the 52-week low is ₹1,442.05. Currently trading at ₹1,599.8, the stock is 35.7% away from its 52-week low and 15.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Grindwell Norton Ltd stock at ₹1,599.8 depends on multiple factors. The stock is currently trading with a P/E ratio of 47.25 and P/B ratio of N/A. Today's performance shows a gain of 0.29%. 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.
Grindwell Norton Ltd offers a dividend yield of 1.05%, which means for every ₹100 invested at the current price of ₹1,599.8, you can expect to receive approximately ₹1.05 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.
Grindwell Norton Ltd's key financial metrics include: P/E Ratio: 47.25, P/B Ratio: N/A, ROE: 8.79%, ROCE: 20.90%, Dividend Yield: 1.05%, EPS: ₹34.38, Book Value: ₹203.71, Debt-to-Equity: 0.04, and Current Ratio: N/A. The company's market cap stands at ₹17,988.13 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Grindwell Norton Ltd stock opened at ₹1,599.8 and is currently trading at ₹1,599.8, showing a gain of ₹4.60 (0.29%). The intraday high is ₹1,599.8 and low is ₹1,599.8. The trading volume stands at 6 shares, indicating moderate market participation today.
Grindwell Norton Ltd has a Price-to-Earnings (P/E) ratio of 47.25, which means investors are willing to pay ₹47.25 for every ₹1 of earnings. With an EPS of ₹34.38, 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.
Grindwell Norton Ltd has a market capitalization of ₹17,988.13 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹1,599.8) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Grindwell Norton Ltd has a book value of ₹203.71 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹1,599.8, which is 685.3% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Grindwell Norton Ltd has a Return on Equity (ROE) of 8.79% and Return on Capital Employed (ROCE) of 20.90%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Grindwell Norton Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Grindwell Norton Ltd has a debt-to-equity ratio of 0.04, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Grindwell Norton Ltd has an Earnings Per Share (EPS) of ₹34.38, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹1,599.8 and P/E ratio of 47.25, investors are paying 47.25 times the annual earnings per share. This moderate EPS suggests decent earnings generation. Track EPS growth over quarters to assess earnings momentum.
Grindwell Norton Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Grindwell Norton Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Grindwell Norton Ltd stock, consider: 1) Fundamental Analysis - Review P/E (47.25), ROE (8.79%), debt-to-equity (0.04), and growth rates. 2) Technical Analysis - Check 52-week range (₹1442.05 - ₹1884.00), moving averages, and chart patterns. 3) Valuation - Compare current price (₹1599.80) with book value (₹203.71) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Grindwell Norton Ltd share is ₹5.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹1,599.8 is 31896x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Grindwell Norton Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹1442.05 - ₹1884.00). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.04 indicates leverage. 4) Liquidity Risk - Based on trading volume of 6 shares. 5) Valuation Risk - P/E of 47.25 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Grindwell Norton Ltd operates in the industry with key metrics: P/E ratio of 47.25, ROE of 8.79%, market cap of ₹17,988.13 crores, and dividend yield of 1.05%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.04), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Grindwell Norton Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹1,599.8, with a 52-week range of ₹1442.05 to ₹1884.00. Based on fundamentals like P/E (47.25), ROE (8.79%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Grindwell Norton Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹1599.80. 2) Fundamental Deterioration - Declining ROE (currently 8.79%), increasing debt (D/E: 0.04), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Grindwell Norton Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 1.05%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.