Grindwell Norton Ltd
GRINDWELLGrindwell Norton Ltd
GRINDWELL
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 74.31 | 13.66 | 0.67% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 52.46 | 7.59 | 0.46% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Grindwell Norton Limited manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics.
Peers
Compare with peersCummins India Ltd
Thermax Limited
AIA Engineering Ltd
Carborundum Universal Ltd
Timken India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,173.16 | 1,294.21 | 1,457.92 | 1,633.42 | 1,619.95 | 1,688.89 | 2,065.85 | 2,597.41 | 2,755.08 | 2,794.64 | ||||||||||
Raw Materials | 506.82 | 551.78 | 616.86 | 738.04 | 715.41 | 687.29 | 961.31 | 1,190.84 | 1,216.88 | 2,207.47 | ||||||||||
| Power & Fuel Cost | 68.15 | 60.95 | 70.01 | 81.78 | 83.76 | 67.55 | 85.15 | 115.81 | 125.52 | |||||||||||
| Employee Cost | 148.33 | 170.21 | 176.79 | 192.58 | 204.84 | 207.77 | 250.69 | 297.36 | 325.79 | |||||||||||
| Selling & Administrative Expenses | 152.81 | 182.84 | 199.86 | 214.86 | 194.21 | 200.02 | 245.30 | 278.98 | 298.34 | |||||||||||
| Operating & Other expenses | 90.96 | 104.47 | 120.56 | 98.98 | 116.84 | 151.29 | 69.93 | 160.58 | 201.57 | |||||||||||
EBITDA | 206.09 | 223.96 | 273.84 | 307.18 | 304.89 | 374.97 | 453.47 | 553.84 | 586.98 | 587.17 | ||||||||||
| Depreciation/Amortization | 42.58 | 42.25 | 44.84 | 45.23 | 57.78 | 54.36 | 53.47 | 60.15 | 70.88 | 75.63 | ||||||||||
| PBIT | 163.51 | 181.71 | 229.00 | 261.95 | 247.11 | 320.61 | 400.00 | 493.69 | 516.10 | 511.54 | ||||||||||
| Interest & Other Items | 2.42 | 2.01 | 1.53 | 1.50 | 4.47 | 3.42 | 4.12 | 7.80 | 7.76 | 8.06 | ||||||||||
| PBT | 161.09 | 179.70 | 227.47 | 260.45 | 242.64 | 317.19 | 395.88 | 485.89 | 508.34 | 503.48 | ||||||||||
| Taxes & Other Items | 55.86 | 60.32 | 77.73 | 93.21 | 60.12 | 78.03 | 100.24 | 123.99 | 124.70 | 123.64 | ||||||||||
| Net Income | 105.23 | 119.38 | 149.74 | 167.24 | 182.52 | 239.16 | 295.64 | 361.90 | 383.64 | 379.84 | ||||||||||
| EPS | 9.50 | 10.78 | 13.52 | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 | 34.65 | 34.31 | ||||||||||
| DPS | 3.25 | 4.00 | 5.00 | 6.00 | 7.50 | 9.50 | 12.00 | 14.50 | 17.00 | 14.50 | ||||||||||
| Payout ratio | 0.34 | 0.37 | 0.37 | 0.40 | 0.45 | 0.44 | 0.45 | 0.44 | 0.49 | 0.42 |
Company Updates
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Grindwell Norton Ltd | 73.57 | 13.66 | 0.67% |
| Cummins India Ltd | 58.17 | 15.14 | 1.05% |
| Thermax Limited | 86.26 | 12.54 | 0.24% |
| AIA Engineering Ltd | 35.31 | 7.03 | 0.38% |
Price Comparison
Compare GRINDWELL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Grindwell Norton Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2913% | Percentage of the fund’s portfolio invested in the stock 0.65% | Change in the portfolio weight of the stock over the last 3 months 0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 76/230 (+4) |
Axis Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1450% | Percentage of the fund’s portfolio invested in the stock 1.16% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 24/105 (+3) |
UTI Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1300% | Percentage of the fund’s portfolio invested in the stock 1.24% | Change in the portfolio weight of the stock over the last 3 months 0.12% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 36/69 (+4) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Increasing Dividends
GRINDWELL has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 0.67%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.67 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 9, 2024
Dividend/Share
₹17.00
Ex DateEx Date
Jul 9, 2024
Cash Dividend
Ex DateEx DateAug 4, 2023
Dividend/Share
₹14.50
Ex DateEx Date
Aug 4, 2023
Cash Dividend
Ex DateEx DateJul 19, 2022
Dividend/Share
₹12.00
Ex DateEx Date
Jul 19, 2022
Cash Dividend
Ex DateEx DateJul 19, 2021
Dividend/Share
₹9.50
Ex DateEx Date
Jul 19, 2021
Cash Dividend
Ex DateEx DateJul 16, 2020
Dividend/Share
₹7.50
Ex DateEx Date
Jul 16, 2020
The Board of Grindwell Norton at its meeting held on 18 July 2024 has approved the appointment of Subodh Nadkarni, Independent Director, as the Chairman of the Board of Directors of the Company.Powered by Capital Market - Live
Grindwell Norton consolidated net profit declines 3.93% in the June 2024 quarter
Grindwell Norton Q1 PAT slips 4% YoY to Rs 93 cr
The Board of Grindwell Norton at its meeting held on 18 July 2024 has taken note of retirement of Keki Elavia (Director Identification No. 00003940), Independent Director of the Company with effect from 18 July 2024. Powered by Capital Market - Live
The Board of Grindwell Norton at its meeting held on 18 July 2024 has approved the investment not exceeding Rs 1.21 crore in Radiance MH Sunrise Thirteen towards sourcing of green energy through solar power.Powered by Capital Market - Live
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Q1 Results Today: Infosys, CEAT, L&T Technology Among 40+ Firms To Declare Earnings
Grindwell Norton Q4 Results Review - Revenue, Margin Prime Suspects Of Net Profit Decline: ICICI Securities
Buy Grindwell Norton; target of Rs 2604: Prabhudas Lilladher
Grindwell Norton Q2 Results Review - Reasonable Quarter; Long-Term Outlook Remains Intact: Prabhudas Lilladher
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.02%, vs industry avg of 10.44%
Increasing Market Share
Over the last 5 years, market share increased from 2.24% to 2.4%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 18.06%, vs industry avg of 19.21%