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Grindwell Norton Ltd

GRINDWELL

Grindwell Norton Ltd

GRINDWELL
IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹24,142 cr, stock is ranked 317
Moderate RiskStock is 2.06x as volatile as Nifty
2,161.700.13% (-2.85)
2,161.700.13% (-2.85)

Price Chart

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IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹24,142 cr, stock is ranked 317
Moderate RiskStock is 2.06x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹24,142 cr, stock is ranked 317
Moderate RiskStock is 2.06x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
64.5311.680.78%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
33%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Grindwell Norton Limited manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 11.02%, vs industry avg of 10.63%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 2.37% to 2.26%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 18.06%, vs industry avg of 23.32%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,173.161,294.211,457.921,633.421,619.951,688.892,065.852,597.412,755.082,821.82
Raw Materialssubtract506.82551.78616.86738.04715.41687.29961.311,190.841,216.882,236.16
Power & Fuel Costsubtract68.1560.9570.0181.7883.7667.5585.15115.81125.52
Employee Costsubtract148.33170.21176.79192.58204.84207.77250.69297.36325.79
Selling & Administrative Expensessubtract152.81182.84199.86214.86194.21200.02245.30278.98298.34
Operating & Other expensessubtract90.96104.47120.5698.98116.84151.2969.93160.58201.57
Depreciation/Amortizationsubtract42.5842.2544.8445.2357.7854.3653.4760.1570.8881.53
Interest & Other Itemssubtract2.422.011.531.504.473.424.127.807.768.54
Taxes & Other Itemssubtract55.8660.3277.7393.2160.1278.03100.24123.99124.70121.46
EPS9.5010.7813.5215.1016.4821.6026.7032.6934.6533.79
DPS3.254.005.006.007.509.5012.0014.5017.0017.00
Payout ratio0.340.370.370.400.450.440.450.440.490.50

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual report

PDF

Investor Presentation

May 31PDF
FY 2019

Annual report

PDF

Investor Presentation

May 31PDF
FY 2020

Annual report

PDF

Investor Presentation

May 22PDF
FY 2023

Annual report

PDF

Investor Presentation

May 12PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsIndustrial Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Grindwell Norton Ltd62.9311.680.78%
Cummins India Ltd57.1214.861.07%
Thermax Limited82.6012.010.25%
AIA Engineering Ltd28.734.890.46%

Price Comparison

Compare GRINDWELL with any stock or ETF
Compare GRINDWELL with any stock or ETF
GRINDWELL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.03%15.81%0.89%8.26%17.01%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep8.34%8.40%8.42%8.31%8.63%8.26%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH

Growth
1.2418%1.40%0.05%30/82 (+24)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
1.1492%0.45%-0.08%159/234 (-80)
SBI Long Term Equity Fund - Growth - Direct Plan

Growth
1.1227%0.98%0.27%48/65 (+7)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

GRINDWELL has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.78%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.80 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 9, 2024

Final
Final | Div/Share: ₹17.00

Dividend/Share

₹17.00

Ex DateEx Date

Jul 9, 2024

Cash Dividend

Ex DateEx DateAug 4, 2023

Final
Final | Div/Share: ₹14.50

Dividend/Share

₹14.50

Ex DateEx Date

Aug 4, 2023

Cash Dividend

Ex DateEx DateJul 19, 2022

Final
Final | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Jul 19, 2022

Cash Dividend

Ex DateEx DateJul 19, 2021

Final
Final | Div/Share: ₹9.50

Dividend/Share

₹9.50

Ex DateEx Date

Jul 19, 2021

Cash Dividend

Ex DateEx DateJul 16, 2020

Final
Final | Div/Share: ₹7.50

Dividend/Share

₹7.50

Ex DateEx Date

Jul 16, 2020

News & Opinions
Spotlight
Volumes soar at Grindwell Norton Ltd counter

Hindalco Industries Ltd, Cipla Ltd, DCM Shriram Ltd, Akzo Nobel India Ltd are among the other stocks to see a surge in volumes on BSE today, 31 October 2024.Grindwell Norton Ltd recorded volume of 1.48 lakh shares by 10:47 IST on BSE, a 56.13 times surge over two-week average daily volume of 2642 shares. The stock gained 2.33% to Rs.2,199.80. Volumes stood at 3669 shares in the last session.Hindalco Industries Ltd notched up volume of 14.57 lakh shares by 10:47 IST on BSE, a 12.89 fold spurt over two-week average daily volume of 1.13 lakh shares. The stock slipped 0.81% to Rs.682.10. Volumes stood at 75175 shares in the last session.Cipla Ltd recorded volume of 3.89 lakh shares by 10:47 IST on BSE, a 8.18 times surge over two-week average daily volume of 47491 shares. The stock gained 8.50% to Rs.1,537.95. Volumes stood at 1.66 lakh shares in the last session.DCM Shriram Ltd recorded volume of 13035 shares by 10:47 IST on BSE, a 6.3 times surge over two-week average daily volume of 2070 shares. The stock gained 1.92% to Rs.1,067.15. Volumes stood at 796 shares in the last session.Akzo Nobel India Ltd saw volume of 4960 shares by 10:47 IST on BSE, a 5.86 fold spurt over two-week average daily volume of 847 shares. The stock increased 12.71% to Rs.4,285.80. Volumes stood at 322 shares in the last session.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Grindwell Norton consolidated net profit declines 5.60% in the September 2024 quarter

Net profit of Grindwell Norton declined 5.60% to Rs 96.18 crore in the quarter ended September 2024 as against Rs 101.89 crore during the previous quarter ended September 2023. Sales rose 4.45% to Rs 690.71 crore in the quarter ended September 2024 as against Rs 661.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales690.71661.31 4 OPM %18.7119.87 - PBDT150.33152.32 -1 PBT127.51135.40 -6 NP96.18101.89 -6 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Grindwell Norton to conduct board meeting

Grindwell Norton will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Grindwell Norton appoints Subodh Nadkarni as Chairman

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

4 months agoCapital Market - Live

Grindwell Norton consolidated net profit declines 3.93% in the June 2024 quarter

4 months agoBusiness Standard

Grindwell Norton Q1 PAT slips 4% YoY to Rs 93 cr

4 months agoBusiness Standard
Corporate
Board of Grindwell Norton accepts cessation of director

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

4 months agoCapital Market - Live
Corporate
Board of Grindwell Norton approves investment towards sourcing of solar power

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

4 months agoCapital Market - Live

Stock Alert: LTIMindtree, L&T Finance, Asian Paints, Zee Entertainment Enterprises, Indian Oil Corporation

4 months agoBusiness Standard

Q1 Results Today: Infosys, CEAT, L&T Technology Among 40+ Firms To Declare Earnings

4 months agoBloomberg Quint