Grindwell Norton Ltd.

NSE: GRINDWELL  SECTOR: Abrasives

1186.4
-53.75 (-4.33%)

Price Summary

Today's High

₹ 1304.95

Today's Low

₹ 1149.85

52 Week High

₹ 1288

52 Week Low

₹ 451.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

Company Essentials

Market Cap

13135.8208 Cr.

Enterprise Value

13128.897 Cr.

No. of Shares

11.072 Cr.

P/E

54.26

P/B

9.7

Face Value

₹ 5

Div. Yield

0.8%

Book Value (TTM)

₹  122.264

CASH

6.9238 Cr.

DEBT

0 Cr.

Promoter Holding

58.32%

EPS (TTM)

₹  21.8642

Sales Growth

-0.925199770137641%

ROE

16.3036367068869 %

ROCE

21.5924040749933 %

Profit Growth

11.7855054094288 %

* 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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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

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

Sales Growth (in Cr.)

1 Year-0.93%
3 Year7.88%
5 Year6.93%

Profit Growth (in Cr.)

1 Year11.67%
3 Year16.4%
5 Year12.61%

ROE%

1 Year16.3%
3 Year16.03%
5 Year15.43%

ROCE %

1 Year21.59%
3 Year23.39%
5 Year22.78%

Debt/Equity

0

Price to Cash Flow

42.78

Interest Cover Ratio

56.9309764703133

CFO/PAT (5 Yr. Avg.)

1.1386768945368

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 58.32 0
Dec 2020 58.32 0
Sep 2020 58.32 0
Jun 2020 58.32 0
Mar 2020 58.32 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 16.3986993479209% for the Past 3 years.
  • Company has been maintaining healthy ROCE of 23.3938341984483% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 56.9309764703133.
  • The company has an efficient Cash Conversion Cycle of 59.1219718339089 days.
  • Company has a healthy liquidity position with current ratio of 2.84129509779383.
  • The company has a good cash flow management; CFO/PAT stands at 1.1386768945368.
  • The company has a high promoter holding of 58.32%.

 Limitations

  • The company has shown a poor revenue growth of 7.87992537919013% for the Past 3 years.
  • The company is trading at a high EV/EBITDA of 35.0319.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Net Sales 357.68 230.4 437.79 457.2 507.51
Total Expenditure 300.06 211.15 345.92 358.51 393.52
Operating Profit 57.62 19.25 91.87 98.69 113.99
Other Income 14 25.98 7.61 4.94 12.44
Interest 1.43 0.76 0.66 0.78 1.04
Depreciation 13.7 12.03 13.29 13.32 13.25
Exceptional Items 0 0 0 0 0
Profit Before Tax 56.49 32.44 85.53 89.53 112.14
Tax 11.83 3.95 21.87 22.66 29.08
Profit After Tax 44.66 28.49 63.66 66.87 83.06
Adjusted EPS (Rs) 0.4 0.26 0.57 0.6 0.75

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 1126 1236.43 1405.38 1566.85 1552.35
Total Expenditure 957.95 1055.69 1169.06 1307.72 1300.37
Operating Profit 168.05 180.74 236.32 259.13 251.99
Other Income 24.59 32.94 29.01 37.67 46.32
Interest 0.69 1.1 1.05 1.48 4.28
Depreciation 36.85 39.83 42.18 42.22 54.66
Exceptional Items 0 0 0 0 0
Profit Before Tax 155.1 172.74 222.11 253.1 239.37
Tax 52.96 56.74 74.95 89.26 56.42
Net Profit 102.14 116.01 147.16 163.84 182.95
Adjusted EPS (Rs.) 9.23 10.48 13.29 14.8 16.52

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 27.68 55.36 55.36 55.36 55.36
Total Reserves 733.77 832.56 927.48 1031.47 1121.31
Borrowings 0 0 0 0 0
Other N/C liabilities 30.61 47.21 47.51 48.77 50.15
Current liabilities 271.21 254.19 287.89 287.01 341.2
Total Liabilities 1063.27 1189.32 1318.23 1422.61 1568.01
Assets
Net Block 322.31 341.43 316.76 321.28 360.44
Capital WIP 13.02 5.56 23.43 41.99 28.8
Investments 155.29 165.84 191.14 190.85 189.14
Loans & Advances 13.29 13.74 24.07 26.6 19.91
Other N/C Assets 1.01 1.25 1.06 0.87 0.27
Current Assets 558.36 661.51 761.78 841.01 969.44
Total Assets 1063.27 1189.32 1318.23 1422.61 1568.01
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 155.1 172.74 222.11 253.1 239.37
Adjustment 30.14 32.36 26.63 27.88 31.85
Working Capital Changes -5.9 12.36 -53.44 -107.95 104.18
Tax Paid -48.1 -56.71 -71.03 -91.15 -68.31
Operating Cash Flow 131.24 160.76 124.28 81.88 307.08
Investing Cash Flow -36.76 -42.77 -42.53 -52.54 -437.16
Financing Cash Flow -92.03 7.42 -57.07 -68.22 -93.07
Net Cash Flow 2.45 125.41 24.68 -38.89 -223.15

Corporate Actions

Ratings & Research Reports

Company Presentations

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Company News

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 54.2622186039279 which is high and comparatively 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 12.2351027114298 % 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 2.84129509779383 .

  • 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 16.3036367068869 % .(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 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 5.05474962313752 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 -0.925199770137641 % which is poor 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 16.2326924980979 %.

  • 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 7.5 and the yield is 0.8007 %.

Brief about Grindwell Norton

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