Grindwell Norton Share Price Today (GRINDWELL)
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Closed at ₹2,034.3 (−1.18%); delivery 58.1%. Market opens 9:15 IST. · as of 16:08 IST
With a market cap of ₹22,510.48 Cr., it trades at a P/E of 54.18. 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
Key strengths and potential risks.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 28.3% YoY
- ●Quarterly OutperformanceLatest quarter Sales up 18.7% and Profit up 28.3%
- ●High Capital EfficiencyROCE of 21.2% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 16.2%
- ●Healthy Operating MarginsOPM is structurally strong at 18.7%
- ●High Promoter HoldingPromoters hold 58.0% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●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
What changed recently?
Recent events, corporate actions, and announcements.
Grindwell Norton Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Grindwell Norton Limited, framed against the sector median so the premium or discount is obvious at a glance.
Grindwell Norton Limited trades at a P/E of 54.18× and P/B of 8.88×.
Valuation
Profitability
Growth
Financial Health
Grindwell Norton Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Grindwell Norton Limited — derived from the live tape, not yesterday's close.
Grindwell Norton Limited last traded at ₹2,034.3 with an intraday range of ₹1,995.1–₹2,052.3 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2034.30| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2173.77 | +139.47 | +6.86% |
| R3 | 2116.57 | +82.27 | +4.04% |
| R2 | 2084.43 | +50.13 | +2.46% |
| R1 | 2059.37 | +25.07 | +1.23% |
| PIVOT | 2027.23 | -7.07 | -0.35% |
| CURRENT | 2034.30 | — | — |
| S1 | 2002.17 | -32.13 | -1.58% |
| S2 | 1970.03 | -64.27 | -3.16% |
| S3 | 1944.97 | -89.33 | -4.39% |
| S4 | 1887.77 | -146.53 | -7.20% |
GRINDWELL is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: ₹1995.1–₹2052.3
Trading Inside opening range
Grindwell Norton Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Grindwell Norton Limited, switchable between annual and quarterly views, consolidated or standalone.
Grindwell Norton Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹22,510.48 Cr. and reported EPS of ₹37.53.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,454 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 |
| Other Income | 27 | 35 | 40 | 51 | 53 | 56 | 68 | 80 | 95 |
| Total Income | 1,481 | 1,633 | 1,620 | 1,689 | 2,066 | 2,597 | 2,755 | 2,891 | 3,168 |
| Cost of Goods Sold (COGS) | 624 | 710 | 713 | 721 | 890 | 1,162 | 1,207 | 1,276 | 1,425 |
| Gross Profit | 830 | 889 | 867 | 917 | 1,123 | 1,380 | 1,480 | 1,536 | 1,648 |
| +Operating Expenses | 583 | 617 | 602 | 593 | 721 | 880 | 961 | 1,022 | 1,075 |
| EBITDA | 247 | 272 | 265 | 324 | 401 | 500 | 519 | 513 | 574 |
| +Non-Operating Expenses | 46 | 47 | 62 | 58 | 57 | 68 | 78 | 102 | 113 |
| Profit Before Tax (PBT) | 227 | 260 | 243 | 317 | 396 | 488 | 509 | 491 | 555 |
| +Tax Expense | 77 | 92 | 59 | 79 | 101 | 124 | 124 | 121 | 139 |
| Total Profit for Period | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 |
| Less: Non-controlling Interests | 1 | — | 1 | -1 | -1 | -0 | 0 | 3 | 1 |
| Net Profit (Owner's PAT) | 150 | 169 | 183 | 239 | 296 | 362 | 384 | 369 | 416 |
| Earnings Per Share (EPS) | 13.52 | 15.24 | 16.48 | 21.60 | 26.70 | 32.69 | 34.65 | 33.30 | 37.54 |
| Diluted Shares Outstanding (Nos.) | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| +Additional Disclosures | 1,878 | 2,088 | 2,077 | 2,111 | 2,571 | 3,276 | 3,478 | 3,698 | 4,087 |
| Sales Growth % | — | 9.92 | -1.16 | 3.69 | 22.89 | 26.26 | 5.72 | 4.65 | 9.30 |
| YoY Sales Growth % | — | 9.92 | -1.16 | 3.69 | 22.89 | 26.26 | 5.72 | 4.65 | 9.30 |
| Material Cost % | 35 | 39 | 38 | 32 | 35 | 36 | 33 | 32 | 33 |
| Employee Cost % | 12 | 12 | 13 | 13 | 12 | 12 | 12 | 12 | 11 |
| Other Cost % | 28 | 27 | 25 | 24 | 23 | 23 | 24 | 24 | 24 |
| OPM % | 17 | 17 | 17 | 20 | 20 | 20 | 19 | 18 | 19 |
| Tax % | 34 | 35 | 24 | 25 | 25 | 26 | 24 | 25 | 25 |
| Profit Growth % | — | 12.68 | 8.18 | 31.04 | 23.61 | 22.41 | 6.01 | -3.89 | 12.73 |
| Gross Margin % | 57.11 | 55.60 | 54.86 | 55.99 | 55.79 | 54.29 | 55.09 | 54.61 | 53.64 |
| EBITDA Margin % | 16.98 | 17.01 | 16.75 | 19.79 | 19.94 | 19.66 | 19.33 | 18.25 | 18.67 |
| Interest Coverage Ratio | 132.06 | 151.05 | 46.25 | 78.87 | 84.44 | 56.34 | 57.80 | 44.99 | 57.37 |
| Ebit | 202 | 227 | 207 | 270 | 348 | 439 | 449 | 420 | 469 |
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 Limited.
Our AI distills the core fundamental drivers supporting Grindwell Norton Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Grindwell Norton Limited's investment case rests on 12 positive markers and 11 flagged concerns drawn from the latest reported filings.
What you're getting.
Latest quarterly EPS grew 28.3% YoY, demonstrating strong earnings momentum
TTM revenue growth 18.7% outpaces peers SKF India and Timken significantly
Operating margin 15.31% and net margin 13.38% lead sector competitors substantially
ROE 16.20% and ROCE 21.20% indicate efficient capital deployment and returns
Promoter holding 58.04% signals strong founder commitment and long-term alignment
Key Risks.
Latest quarterly sales declined 0.30% YoY despite strong TTM revenue growth
P/E ratio 56.11x elevated, limiting upside potential at current valuations
P/B ratio 9.22x premium valuation leaves minimal margin of safety
Dividend yield 0.84% modest, offering limited income to equity investors
FII holdings eased from 8.63% to 6.38%, signaling foreign investor caution
Flip Conditions.
Trim if P/E re-rates above 70. The valuation cushion thins from there.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Exit if ROE slips below 11%. The operating engine is no longer compounding capital efficiently.
Income thesis breaks if the dividend is cut or yield falls below 0.42%.
Grindwell Norton Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Grindwell Norton Limited is highlighted for quick read-across.
Quick Compare
Grindwell Norton Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Grindwell Norton Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Grindwell Norton Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Grindwell Norton Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Grindwell Norton Limited stood at 58.1% of traded volume, against a 20-day average of 54.7%.
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 89 documents below.
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Please find attached the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June…
Copy of Newspaper Publication
Please find attached newspaper advertisement titled "76th Annual General Meeting and e-Voting information".
Shareholders meeting
Grindwell Norton Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Friday, July 24, 2026
Copy of Newspaper Publication
Please find attached newspaper advertisement titled Notice of 76th Annual General Meeting, Dividend Information and Record Date .
Disclosure under SEBI Takeover Regulations
Grindwell Norton Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
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 Limited: business, sector, key facts.
What Grindwell Norton Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Grindwell Norton Limited 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.
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Questions investors ask about Grindwell Norton Limited (GRINDWELL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Grindwell Norton Limited (GRINDWELL)?
The current share price of Grindwell Norton Limited (GRINDWELL) is ₹2,034.3. Today, the stock has declined by ₹24.30 (1.18%), trading in a range of ₹1,995.1 to ₹2,052.3. The stock opened at ₹2,050 with a trading volume of 16,915 shares.
02Is Grindwell Norton Limited stock a good investment for long-term?
Grindwell Norton Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹22,510.48 crores, P/E ratio of 54.18, ROE of 16.20%, and ROCE of 21.20%. The dividend yield stands at 0.84%. 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 Limited stock?
The 52-week high price of Grindwell Norton Limited (GRINDWELL) is ₹2,294.4, while the 52-week low is ₹1,329. Currently trading at ₹2,034.3, the stock is 73.1% away from its 52-week low and 11.3% 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 Limited stock at the current price?
Whether to buy Grindwell Norton Limited stock at ₹2,034.3 depends on multiple factors. The stock is currently trading with a P/E ratio of 54.18 and P/B ratio of 8.88. Today's performance shows a loss of 1.18%. 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 Limited and when is the next dividend?
Grindwell Norton Limited offers a dividend yield of 0.84%, which means for every ₹100 invested at the current price of ₹2,034.3, you can expect to receive approximately ₹0.84 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 Limited?
Grindwell Norton Limited's key financial metrics include: P/E Ratio: 54.18, P/B Ratio: 8.88, ROE: 16.20%, ROCE: 21.20%, Dividend Yield: 0.84%, EPS: ₹37.53, Book Value: ₹228.84, and Debt-to-Equity: 0.00. The company's market cap stands at ₹22,510.48 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Grindwell Norton Limited stock performing today in the market?
Grindwell Norton Limited stock opened at ₹2,050 and is currently trading at ₹2,034.3, showing a decline of ₹24.30 (1.18%). The intraday high is ₹2,052.3 and low is ₹1,995.1. The trading volume stands at 16,915 shares, indicating moderate market participation today.
08What is the P/E ratio of Grindwell Norton Limited and what does it indicate?
Grindwell Norton Limited has a Price-to-Earnings (P/E) ratio of 54.18, which means investors are willing to pay ₹54.18 for every ₹1 of earnings. With an EPS of ₹37.53, 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 Limited (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.