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Grindwell Norton share price

Grindwell Norton Ltd.

NSE: GRINDWELL BSE: 506076 SECTOR: Abrasives  94k   494   51

1902.45
-30.30 (-1.57%)
BSE: 28 Mar 04:01 PM

Price Summary

Today's High

₹ 1939.05

Today's Low

₹ 1889.6

52 Week High

₹ 2494.55

52 Week Low

₹ 1786.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

21063.93 Cr.

Enterprise Value

20941.04 Cr.

No. of Shares

11.07 Cr.

P/E

54.56

P/B

10.93

Face Value

₹ 5

Div. Yield

0.76 %

Book Value (TTM)

₹  174.12

CASH

131.84 Cr.

DEBT

8.95 Cr.

Promoter Holding

58.03 %

EPS (TTM)

₹  34.87

Sales Growth

18.1%

ROE

21.1 %

ROCE

28.35%

Profit Growth

17.68 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Grindwell Norton Ltd.

orient adfors chemfab chrtape meldin 7000 meldin ht norbond norglide norseal omnilip omniseal onesuit rencol rulon sheerfill sika certainteed .

Index Presence

The company is present in 19 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year18.1%
3 Year15.13%
5 Year11.01%

Profit Growth

1 Year17.68%
3 Year24.22%
5 Year18.97%

ROE%

1 Year21.1%
3 Year20.33%
5 Year18.65%

ROCE %

1 Year28.35%
3 Year27.2%
5 Year25.57%

Debt/Equity

0.005

Price to Cash Flow

61.76

Interest Cover Ratio

71.4589346588776

CFO/PAT (5 Yr. Avg.)

1.00704582997422

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 58.03 0
Sep 2023 58.03 0
Jun 2023 58.03 0
Mar 2023 58.03 0
Dec 2022 58.03 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 24.2211772389832% for the Past 3 years.
  • The company has shown a good revenue growth of 15.1262291095973% for the Past 3 years.
  • Company has been maintaining healthy ROE of 20.3257479763911% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.197249227242% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 71.4589346588776.
  • The company has an efficient Cash Conversion Cycle of 2.99252428752131 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.00704582997422.
  • The company has a high promoter holding of 58.03%.

 Limitations

  • The company is trading at a high PE of 54.56.
  • The company is trading at a high EV/EBITDA of 35.26.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 600.18 615.66 660.09 658.5 651.64
Total Expenditure 481.29 489.2 526.29 528.64 524.66
Operating Profit 118.89 126.46 133.8 129.86 126.98
Other Income 8.99 21.45 14.6 22.59 13.83
Interest 3.93 1.53 1.93 1.6 1.72
Depreciation 15.06 13.64 16.41 16.52 16.99
Exceptional Items 0 0 0 -3.2 0
Profit Before Tax 108.89 132.74 130.06 131.13 122.1
Tax 28.38 33.86 32.96 33.1 30.01
Profit After Tax 80.51 98.88 97.1 98.03 92.09
Adjusted EPS (Rs) 7.14 8.93 8.77 8.85 8.32

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1566.85 1552.35 1632.9 2005.62 2368.73
Total Expenditure 1307.72 1300.37 1317.97 1606.32 1891.02
Operating Profit 259.13 251.99 314.93 399.3 477.71
Other Income 37.67 46.32 59.84 55.53 52.99
Interest 1.48 4.28 3.24 3.96 6.66
Depreciation 42.22 54.66 51.89 51.24 54.86
Exceptional Items 0 0 0 0 0
Profit Before Tax 253.1 239.37 319.64 399.62 469.18
Tax 89.26 56.42 77.56 101.63 118.49
Net Profit 163.84 182.95 242.07 298 350.69
Adjusted EPS (Rs.) 14.8 16.52 21.86 26.91 31.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 55.36 55.36 55.36 55.36 55.36
Total Reserves 1031.47 1121.31 1301.7 1507.68 1733.78
Borrowings 0 0 0 0 3.95
Other N/C liabilities 48.77 50.15 50.59 454.59 470.02
Current liabilities 287.01 341.2 434.97 916.81 1020.29
Total Liabilities 1422.61 1568.01 1842.62 2934.45 3283.4
Assets
Net Block 321.28 360.44 348.1 365.62 434.03
Capital WIP 41.99 28.8 23.79 66.04 117.91
Intangible WIP 0 0 0 0.87 0.67
Investments 190.85 189.14 212.37 221.86 351.2
Loans & Advances 26.6 19.91 28.78 463.54 470.33
Other N/C Assets 0.87 0.27 0.29 26.44 36.09
Current Assets 841.01 969.44 1229.3 1790.09 1873.16
Total Assets 1422.61 1568.01 1842.62 2934.45 3283.4
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 253.1 239.37 319.64 399.62 469.18
Adjustment 27.88 31.85 22.73 30.13 26.26
Changes in Assets & Liabilities -107.95 104.18 64.95 -144.57 -33.15
Tax Paid -91.15 -68.31 -76.58 -99.67 -121.24
Operating Cash Flow 81.88 307.08 330.74 185.52 341.05
Investing Cash Flow -53.47 -437.16 -225.47 -55.22 -202.32
Financing Cash Flow -68.22 -93.07 -94.69 -113.53 -138.67
Net Cash Flow -39.81 -223.15 10.59 16.77 0.06

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 58.03 58.03 58.03 58.03 58.03
aakil anand mahajan 0.90 0.90 0.90 0.90 0.90
anand yashavant mahajan 0.46 0.46 0.46 0.46 0.46
ashaita mahajan 0.95 0.95 0.95 0.95 0.95
danesh m narang 0.56 0.56 0.56 0.95 0.95
khursheed m narang 1.34 1.34 1.34 1.34 1.34
malvinder c narang 0.12 0.12 0.12 0.12 0.12
saint gobain abrasives in... 26.77 26.77 26.77 26.77 26.77
saint gobain india privat... 0.27 0.27 0.27 0.27 0.27
spafi-societe de particip... 24.56 24.56 24.56 24.56 24.56
vera anand mahajan 1.71 1.71 1.71 1.71 1.71
mikhil m narang 0.39 0.39 0.39 - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 41.97 41.97 41.97 41.97 41.97
axis mutual fund trustee ... 2.31 2.44 2.45 2.52 2.56
hsbc small cap fund 1.18 1.24 1.24 1.14 1.14
investor education and pr... - 0.14 0.15 - 0.15
llp 0.84 0.84 0.85 0.85 0.84
nippon life india trustee... - - - - 1.05
sbi magnum global fund - - - - 3.64
sundaram mutual fund a/c ... 1.40 1.33 1.17 1.15 1.10
uti flexi cap fund 2.69 2.61 2.58 2.48 2.24
investor education and pr... 0.14 - - 0.15 -
sbi small cap fund 3.36 3.86 3.95 3.94 -

Annual Reports

Ratings & Research Reports

Company Presentations

Currently we do not have any Presentation and Concall related to this company.Report us

Company News

Grindwell Norton - Quaterly Results3 Feb 2024, 2:27PM Grindwell Norton - Quaterly Results3 Feb 2024, 2:27PM Grindwell Norton - Quaterly Results3 Feb 2024, 2:27PM Grindwell Norton inks pacts to hold 49% equity share capital of ASM 18 Jan 2024, 9:44AM Grindwell Norton informs about details of loss of certificate18 Dec 2023, 4:30PM Grindwell Norton - Quaterly Results8 Nov 2023, 2:09PM Grindwell Norton - Quaterly Results8 Nov 2023, 2:09PM Grindwell Norton - Quaterly Results8 Nov 2023, 2:09PM Grindwell Norton to sell 49% stake held in SGSR30 Oct 2023, 12:19PM Grindwell Norton informs about loss of share certificates5 Oct 2023, 2:49PM Grindwell Norton informs about loss of share certificates26 Sep 2023, 1:47PM Grindwell Norton - Quaterly Results14 Aug 2023, 2:35PM Grindwell Norton - Quaterly Results14 Aug 2023, 2:35PM Grindwell Norton - Quaterly Results14 Aug 2023, 2:35PM Grindwell Norton informs about loss of share certificates18 Jul 2023, 5:08PM Grindwell Norton - Quaterly Results6 May 2023, 3:05PM Grindwell Norton - Quaterly Results6 May 2023, 3:05PM Grindwell Norton - Quaterly Results6 May 2023, 3:05PM Grindwell Norton informs about details of loss of certificate 27 Mar 2023, 2:46PM Grindwell Norton - Quaterly Results13 Feb 2023, 2:22PM Grindwell Norton - Quaterly Results13 Feb 2023, 2:22PM Grindwell Norton - Quaterly Results13 Feb 2023, 2:22PM Grindwell Norton inaugurates Paper Maker manufacturing plant in Bengaluru26 Dec 2022, 5:59PM Grindwell Norton reports 26% rise in Q2 consolidated net profit2 Nov 2022, 3:07PM Grindwell Norton - Quaterly Results2 Nov 2022, 1:28PM Grindwell Norton - Quaterly Results2 Nov 2022, 1:28PM Grindwell Norton - Quaterly Results2 Nov 2022, 1:28PM Grindwell Norton - Quaterly Results29 Jul 2022, 3:22PM Grindwell Norton - Quaterly Results29 Jul 2022, 3:22PM Grindwell Norton - Quaterly Results29 Jul 2022, 3:22PM Grindwell Norton informs about loss of share certificates27 Jul 2022, 12:59PM Grindwell Norton informs about 72nd AGM4 Jul 2022, 4:20PM Grindwell Norton informs about loss of share certificate7 Jun 2022, 2:22PM Grindwell Norton concludes acquisition process of PRS Permacel28 May 2022, 9:40AM Grindwell Norton executes SPA to acquire entire stake in PRS Permacel14 May 2022, 10:59AM Grindwell Norton informs about brief profile of CA7 May 2022, 4:22PM Grindwell Norton informs about execution of share purchase agreement 7 May 2022, 2:27PM Grindwell Norton - Quaterly Results6 May 2022, 4:38PM Grindwell Norton - Quaterly Results6 May 2022, 4:38PM Grindwell Norton - Quaterly Results6 May 2022, 4:38PM Grindwell Norton informs about details of loss of certificate 27 Apr 2022, 2:34PM Grindwell Norton informs about compliance certificate 6 Apr 2022, 4:01PM Grindwell Norton informs about loss of share certificates14 Mar 2022, 4:36PM Grindwell Norton - Quaterly Results3 Feb 2022, 3:35PM Grindwell Norton - Quaterly Results3 Feb 2022, 3:35PM Grindwell Norton - Quaterly Results3 Feb 2022, 3:35PM Grindwell Norton informs about board meeting 24 Jan 2022, 5:12PM Grindwell Norton informs about details of loss of share certificate21 Dec 2021, 1:20PM Grindwell Norton makes investment of Rs 15 lakh in Cleanwin Energy Three17 Nov 2021, 10:40AM Grindwell Norton - Quaterly Results3 Nov 2021, 1:45PM

Grindwell Norton Stock Price Analysis and Quick Research Report. Is Grindwell Norton an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Grindwell Norton has a PE ratio of 54.5126850712756 which is high and comparatively overvalued .

  • Share Price: - The current share price of Grindwell Norton is Rs 1900.95. One can use valuation calculators of ticker to know if Grindwell Norton share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Grindwell Norton has ROA of 11.2801731325248 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Grindwell Norton has a Current ratio of 1.83591482261507 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Grindwell Norton has a ROE of 21.1048229518525 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Grindwell Norton has a D/E ratio of 0.005 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Grindwell Norton has an Inventory turnover ratio of 5.58899588089074 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Grindwell Norton has reported revenue growth of 18.1045159214223 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Grindwell Norton for the current financial year is 20.1671419002708 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Grindwell Norton is Rs 14.5 and the yield is 0.762 %.

Last Updated on:
Brief about Grindwell Norton

Grindwell Norton Ltd. Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

 

Grindwell Norton Ltd. is a leading Indian manufacturer of abrasives, ceramics, and refractories. The company has a strong brand presence in the Indian market and is a popular choice among long-term investors.  We will provide an in-depth analysis of the company's stock and its various aspects.

Grindwell Norton Ltd. Share Price

Grindwell Norton Ltd.'s share price is an important factor that investors consider while making investment decisions. The company's share price has been on an upward trend since its listing on the stock exchanges. The company's share price is influenced by various factors such as market trends, industry performance, and company-specific factors. Long-term investors should focus on the company's fundamentals rather than short-term price fluctuations.

Grindwell Norton Ltd. Balance Sheet

A company's balance sheet is a snapshot of its financial position at a given point in time. Grindwell Norton Ltd.'s balance sheet is strong and reflects the company's financial stability. The company has a healthy cash position and low debt levels. Investors can use Ticker pre-built screening tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to calculate the fair value of the company's stock based on its balance sheet.

Grindwell Norton Ltd. Annual Report

Grindwell Norton Ltd.'s annual report provides a comprehensive overview of the company's performance over the past year. The annual report includes information on the company's financial performance, operational performance, and future plans. The company's annual report is available as a downloadable document on Ticker.

Grindwell Norton Ltd. Dividend

Grindwell Norton Ltd. has a consistent track record of paying dividends to its shareholders. The company's dividend payout ratio is healthy and reflects its commitment to rewarding shareholders. Long-term investors should consider the company's dividend history while making investment decisions.

Grindwell Norton Ltd. Quarterly Results

Grindwell Norton Ltd.'s quarterly results provide investors with an insight into the company's performance over a three-month period. The company's quarterly results are available as downloadable documents on Ticker. Investors can use Ticker pre-built screening tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to analyze the company's quarterly results and calculate its fair value.

Grindwell Norton Ltd. Stock Price

Grindwell Norton Ltd.'s stock price is influenced by various factors such as market trends, industry performance, and company-specific factors. Long-term investors should focus on the company's fundamentals rather than short-term price fluctuations. 

Grindwell Norton Ltd. Price Chart

Grindwell Norton Ltd.'s price chart provides investors with a visual representation of the company's stock price over a period of time. The price chart can help investors identify trends and patterns in the company's stock price. Investors can use Ticker pre-built screening tools to analyze the company's price chart and calculate its fair value.

Grindwell Norton Ltd. News

Grindwell Norton Ltd.'s news section provides investors with the latest updates on the company's performance, operations, and future plans. Investors can use the news section to stay up-to-date with the company's developments and make informed investment decisions.

Grindwell Norton Ltd. Concall Transcripts

Grindwell Norton Ltd.'s concall transcripts provide investors with a detailed insight into the company's performance, operations, and future plans. The concall transcripts are available as downloadable documents on Ticker. Investors can use the concall transcripts to analyze the company's performance and calculate its fair value.

Grindwell Norton Ltd. Investor Presentations

Grindwell Norton Ltd.'s investor presentations provide investors with a comprehensive overview of the company's performance, operations, and future plans. The investor presentations are available as downloadable documents on Ticker. Investors can use the investor presentations to analyze the company's performance and calculate its fair value.

Grindwell Norton Ltd. Promoters

Grindwell Norton Ltd.'s promoters are experienced professionals who have a deep understanding of the abrasives, ceramics, and refractories industry. The promoters are committed to the company's growth and have a long-term vision for the company. Investors should consider the promoters' track record while making investment decisions.

Grindwell Norton Ltd. Shareholders

Grindwell Norton Ltd.'s shareholders include both institutional and retail investors. The company has a diverse shareholder base, which reflects its popularity among investors. Long-term investors should consider the company's shareholder base while making investment decisions.

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