Grindwell Norton Ltd
GRINDWELLGrindwell Norton Ltd
GRINDWELL
Price Chart
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 64.37 | 13.40 | 0.66% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 51.63 | 6.04 | 0.55% |
Forecast & Ratings
Detailed Forecastfrom 7 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.
Investor Presentation
View olderPeers
Compare with peersCummins India Ltd
AIA Engineering Ltd
Thermax Limited
Timken India Ltd
Carborundum Universal Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,153.08 | 1,173.16 | 1,294.21 | 1,457.92 | 1,633.42 | 1,619.95 | 1,688.89 | 2,065.85 | 2,597.41 | 2,671.94 | ||||||||||
Raw Materials | 491.99 | 506.82 | 551.78 | 616.86 | 738.04 | 715.41 | 687.29 | 961.31 | 1,190.84 | 2,091.09 | ||||||||||
| Power & Fuel Cost | 76.21 | 68.15 | 60.95 | 70.01 | 81.78 | 83.76 | 67.55 | 85.15 | 115.81 | |||||||||||
| Employee Cost | 132.85 | 148.33 | 170.21 | 176.79 | 192.58 | 204.84 | 207.77 | 250.69 | 297.36 | |||||||||||
| Selling & Administrative Expenses | 156.38 | 152.81 | 182.84 | 199.86 | 214.86 | 194.21 | 200.02 | 245.30 | 275.80 | |||||||||||
| Operating & Other expenses | 97.34 | 90.96 | 104.47 | 120.56 | 98.98 | 116.84 | 151.29 | 69.93 | 163.76 | |||||||||||
EBITDA | 198.31 | 206.09 | 223.96 | 273.84 | 307.18 | 304.89 | 374.97 | 453.47 | 553.84 | 580.85 | ||||||||||
| Depreciation/Amortization | 41.61 | 42.58 | 42.25 | 44.84 | 45.23 | 57.78 | 54.36 | 53.47 | 60.15 | 64.47 | ||||||||||
| PBIT | 156.70 | 163.51 | 181.71 | 229.00 | 261.95 | 247.11 | 320.61 | 400.00 | 493.69 | 516.38 | ||||||||||
| Interest & Other Items | 2.91 | 2.42 | 2.01 | 1.53 | 1.50 | 4.47 | 3.42 | 4.12 | 7.80 | 9.79 | ||||||||||
| PBT | 153.79 | 161.09 | 179.70 | 227.47 | 260.45 | 242.64 | 317.19 | 395.88 | 485.89 | 506.59 | ||||||||||
| Taxes & Other Items | 50.58 | 55.86 | 60.32 | 77.73 | 93.21 | 60.12 | 78.03 | 100.24 | 123.99 | 128.30 | ||||||||||
| Net Income | 103.21 | 105.23 | 119.38 | 149.74 | 167.24 | 182.52 | 239.16 | 295.64 | 361.90 | 378.29 | ||||||||||
| EPS | 9.32 | 9.50 | 10.78 | 13.52 | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 | 34.17 | ||||||||||
| DPS | 3.25 | 3.25 | 4.00 | 5.00 | 6.00 | 7.50 | 9.50 | 12.00 | 14.50 | 14.50 | ||||||||||
| Payout ratio | 0.35 | 0.34 | 0.37 | 0.37 | 0.40 | 0.45 | 0.44 | 0.45 | 0.44 | 0.42 |
Company Updates
Peers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Grindwell Norton Ltd | 67.29 | 13.40 | 0.66% |
| Cummins India Ltd | 44.17 | 9.42 | 1.28% |
| AIA Engineering Ltd | 33.64 | 6.23 | 0.42% |
| Thermax Limited | 67.49 | 7.85 | 0.37% |
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
Dec 2022
Mar 2023
Jun 2023
Sep 2023
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) |
|---|---|---|---|---|
AXIS MIDCAP FUND DIRECT PLAN GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3403% | Percentage of the fund’s portfolio invested in the stock 1.49% | Change in the portfolio weight of the stock over the last 3 months -0.10% | 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 46/72 (-21) |
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 1.3010% | Percentage of the fund’s portfolio invested in the stock 1.30% | Change in the portfolio weight of the stock over the last 3 months -0.06% | 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 32/65 (+2) |
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2693% | Percentage of the fund’s portfolio invested in the stock 1.46% | Change in the portfolio weight of the stock over the last 3 months -0.21% | 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 29/61 (-6) |
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 0.65%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.52 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
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
Cash Dividend
Ex DateEx DateJul 17, 2019
Dividend/Share
₹6.00
Ex DateEx Date
Jul 17, 2019
News & Opinions
Buy Grindwell Norton; target of Rs 2604: Prabhudas Lilladher
3 weeks ago•Moneycontrol
Grindwell Norton Q2 Results Review - Reasonable Quarter; Long-Term Outlook Remains Intact: Prabhudas Lilladher
4 weeks ago•Bloomberg Quint
Hold Grindwell Norton; target of Rs 2330: ICICI Securities
3 months ago•Moneycontrol
Buy Grindwell Norton; target of Rs 2604: Prabhudas Lilladher
3 months ago•Moneycontrol
Grindwell Norto Standalone June 2023 Net Sales at Rs 660.09 crore, up 7.16% Y-o-Y
3 months ago•Moneycontrol
Grindwell Norto Standalone December 2022 Net Sales at Rs 554.77 crore, up 11.03% Y-o-Y
9 months ago•Moneycontrol
Grindwell Norton Q3 PAT rises 15% YoY to Rs 80 cr
9 months ago•Business Standard
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 12.24%, vs industry avg of 11.97%
Increasing Market Share
Over the last 5 years, market share increased from 2.42% to 2.45%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.3%, vs industry avg of 19.77%