Grindwell Norton

Who are in the management team of Grindwell Norton?

As of March 2023, the management team of Grindwell Norton includes K Visweswaran (Company Secretary), Keki M Elavia (Chairman), B Santhanam (Managing Director), and several directors, ensuring diverse governance and operational oversight.

As of March 2023, the management team of Grindwell Norton includes the following individuals:<BR><BR>1. K Visweswaran - Company Secretary & Compliance Officer<BR>2. Keki M Elavia - Chairman & Independent Director<BR>3. Sreedhar Natarajan - Director<BR>4. Archana Niranjan Hingorani - Independent Director<BR>5. Subodh Satchitanand Nadkarni - Independent Director<BR>6. B Santhanam - Managing Director<BR>7. Krishna Kumar Prasad - Whole-time Director<BR>8. David Molho - Director<BR>9. Aakil Mahajan - Director<BR>10. Jean-Claude Lasserre - Director<BR><BR>As of March 2023, the management team consists of a diverse group of directors and officers, each contributing to the company's governance and operations.

What does Grindwell Norton do?

Grindwell Norton Ltd., a subsidiary of Compagnie de Saint-Gobain, operates in the Industrial Products sector and reported net sales of 710 Cr and a net profit of 93 Cr for March 2025, with a market cap of Rs 20,439 Cr. Key metrics include a P/E ratio of 55.00 and a dividend yield of 0.92%.

Overview:<BR>Grindwell Norton Ltd. operates in the Industrial Products sector and is categorized as a Large Cap company.<BR><BR>History:<BR>Grindwell Norton Ltd. is a subsidiary of Compagnie de Saint-Gobain and has been incorporated under this structure. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 710 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 93 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 20,439 Cr (Large Cap)<BR><BR>Key Metrics:<BR>P/E: 55.00 <BR>Industry P/E: 51 <BR>Dividend Yield: 0.92% <BR>Debt Equity: -0.35 <BR>Return on Equity: 16.35% <BR>Price to Book: 9.04 <BR><BR>Contact Details:<BR>Address: Leela Business Park 5th level, Andheri-Kurla Rd Andheri(East) Mumbai Maharashtra : 400059 <BR>Phone: 91-22-40212121 <BR>Email: sharecmpt.gno@saint-gobain.com <BR>Website: http://www.grindwellnorton.co.in

What is the bonus history of the Grindwell Norton?

Grindwell Norton has issued bonuses twice, with a 1:1 bonus on July 14, 2016, and another 1:1 bonus on June 2, 2006, reflecting a consistent approach to rewarding shareholders.

Grindwell Norton has a history of issuing bonuses, specifically two notable instances. The latest bonus was a 1:1 bonus issue announced with an ex-date of July 14, 2016, and the record date was July 15, 2016. Prior to that, the company also issued a 1:1 bonus on June 2, 2006, with an ex-date of May 26, 2006. This indicates a consistent approach to rewarding shareholders through bonus issues.

Has Grindwell Norton declared dividend?

Yes, Grindwell Norton Ltd. has declared a dividend of 340% (₹17 per share) with an ex-date of July 9, 2024. Despite this, the company has shown mixed total returns, particularly negative in the short term, while experiencing significant growth over the longer term.

Grindwell Norton Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 340%<BR>- Amount per share: 17<BR>- Ex-date: 09 Jul 24<BR><BR>Dividend Yield: 0.92%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -14.53%, with no dividend return, resulting in a total return of -14.53%.<BR><BR>Over the past year, the price return was -27.01%, with no dividend return, leading to a total return of -27.01%.<BR><BR>In the 2-year period, the price return was -9.73%, with no dividend return, resulting in a total return of -9.73%.<BR><BR>For the 3-year period, the price return was 7.4%, with no dividend return, leading to a total return of 7.4%.<BR><BR>In the last 4 years, the price return was 53.58%, with no dividend return, resulting in a total return of 53.58%.<BR><BR>Over the past 5 years, the price return was 259.26%, with no dividend return, leading to a total return of 259.26%.<BR><BR>Overall, while Grindwell Norton has declared a significant dividend, the total returns over various periods show mixed performance, particularly with negative returns in the shorter terms and strong growth over the longer term. The absence of dividend returns in those periods suggests that the company's recent performance has been primarily driven by price changes rather than dividend income.

Who are the peers of the Grindwell Norton?

Grindwell Norton's peers include Timken India, SKF India, Carborundum Uni., and others. In terms of management risk, Grindwell Norton has a good rating, while its 1-year return of -30.27% is better than Carborundum Uni.'s but worse than Prec. Wires (I)'s 45.75%.

Peers: The peers of Grindwell Norton are Timken India, SKF India, Carborundum Uni., Borosil Renew., Prec. Wires (I), Pix Transmission, Apcotex Industri, Wendt India, Tinna Rubber, and GRP.<BR><BR>Quality Snapshot: Excellent management risk is observed at SKF India and Apcotex Industri, while Good management risk is found at Grindwell Norton, Timken India, Carborundum Uni., Wendt India, and Tinna Rubber. Average management risk is present at Prec. Wires (I), Pix Transmission, and GRP, while Below Average management risk is noted at Borosil Renew. In terms of Growth, Excellent growth is seen at Apcotex Industri and Tinna Rubber, while Average growth is found at Prec. Wires (I) and Wendt India, and Below Average growth is noted at Grindwell Norton, Timken India, SKF India, Carborundum Uni., Pix Transmission, and Borosil Renew. All peers have Excellent capital structure except for Borosil Renew, which has Average capital structure, and GRP, which has Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Prec. Wires (I) at 45.75%, while the peer with the lowest is Carborundum Uni. at -40.74%. Grindwell Norton’s 1-year return of -30.27% is better than Carborundum Uni. but worse than Prec. Wires (I). Additionally, several peers, including Carborundum Uni., Wendt India, and Borosil Renew, have negative six-month returns.

Is Grindwell Norton overvalued or undervalued?

As of November 3, 2024, Grindwell Norton is considered very expensive and overvalued, with a PE Ratio of 55.22 and other key ratios significantly higher than industry averages, despite a recent positive performance.

As of 3 November 2024, Grindwell Norton has moved from a valuation grade of does not qualify to very expensive. The company is currently considered overvalued. Key ratios include a PE Ratio of 55.22, a Price to Book Value of 9.03, and an EV to EBIT of 46.53, all of which are significantly higher than industry averages.<BR><BR>In comparison to its peers, Carborundum Universal has a PE Ratio of 47.26 and an EV to EBITDA of 25.19, while Wendt India shows a PE Ratio of 43.48 and an EV to EBITDA of 31.33. These figures suggest that Grindwell Norton is trading at a premium compared to its competitors. Additionally, despite a recent positive performance with a 1-week return of 3.46% compared to the Sensex's 1.41%, the overall year-to-date performance shows a decline of 4.76% against the Sensex's gain of 5.61%, reinforcing the view that the stock is overvalued.

When is the next results date for Grindwell Norton?

Grindwell Norton will declare its results on 25 July 2025.

Grindwell Norton will declare its results on 25 July 2025.

Who are the top shareholders of the Grindwell Norton?

The top shareholders of Grindwell Norton include Saint Gobain Abrasives Inc. with 26.77%, promoters with no pledged holdings, mutual funds at 17.46%, and foreign institutional investors at 6.82%. The SBI Magnum Midcap Fund is the largest public shareholder with an 8.13% stake, while individual investors hold 11.47% of the shares.

The top shareholders of Grindwell Norton include a mix of promoters, mutual funds, and individual investors. The largest shareholder is Saint Gobain Abrasives Inc, holding 26.77%. Promoters collectively hold a significant portion, with no pledged promoter holdings. Mutual funds account for 17.46% of the shares, with 22 schemes involved, while foreign institutional investors (FIIs) hold 6.82% through 136 entities. The highest public shareholder is the SBI Magnum Midcap Fund, which has an 8.13% stake. Individual investors collectively hold 11.47% of the shares.

How big is Grindwell Norton?

As of 24th July, Grindwell Norton Ltd. has a market capitalization of 19,445.00 Cr, with recent Net Sales of 2,811.59 Cr and a Net Profit of 368.72 Cr. The company's Shareholder's Funds are 2,255.50 Cr, and Total Assets are valued at 3,054.59 Cr.

As of 24th July, Grindwell Norton Ltd. has a market capitalization of 19,445.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Grindwell Norton reported Net Sales of 2,811.59 Cr and a Net Profit of 368.72 Cr.<BR><BR>For the latest annual period, the company’s Shareholder's Funds stood at 2,255.50 Cr, while Total Assets were valued at 3,054.59 Cr.

How has been the historical performance of Grindwell Norton?

Grindwell Norton has shown consistent growth in net sales and profits, with net sales reaching 2,811.59 Cr in Mar'25, up from 2,686.77 Cr in Mar'24. Despite a slight decline in profit before tax and profit after tax, total assets increased to 3,054.59 Cr, and cash flow from operating activities improved to 458.00 Cr, indicating strong financial health.

Answer:<BR>The historical performance of Grindwell Norton shows a consistent growth trajectory in net sales and profits over the years, with net sales reaching 2,811.59 Cr in Mar'25, up from 2,686.77 Cr in Mar'24 and significantly higher than 2,012.76 Cr in Mar'22. The total operating income also reflects this upward trend, increasing to 2,811.59 Cr in Mar'25 from 2,541.34 Cr in Mar'23. Operating profit (PBDIT) has shown a steady increase, reaching 593.02 Cr in Mar'25 compared to 587.75 Cr in Mar'24 and 454.46 Cr in Mar'22. However, profit before tax decreased slightly to 491.02 Cr in Mar'25 from 508.75 Cr in Mar'24, while profit after tax also saw a decline to 370.33 Cr from 384.38 Cr in the previous year. The company's total assets grew to 3,054.59 Cr in Mar'25 from 2,765.61 Cr in Mar'24, indicating a strong asset base. Total liabilities also increased to 3,054.59 Cr in Mar'25 from 2,765.61 Cr in Mar'24, with total debt decreasing to 7.32 Cr from 18.05 Cr. The cash flow from operating activities improved to 458.00 Cr in Mar'25 from 367.00 Cr in Mar'24, contributing to a net cash inflow of 22.00 Cr in Mar'25.<BR><BR>Breakdown:<BR>Grindwell Norton's financial performance over the years illustrates a robust growth in net sales, which rose to 2,811.59 Cr in Mar'25, marking a significant increase from previous years. The total operating income mirrored this growth, reaching the same figure as net sales. Operating profit (PBDIT) also saw an upward trend, peaking at 593.02 Cr in Mar'25, although profit before tax experienced a slight decline to 491.02 Cr. The profit after tax followed suit, decreasing to 370.33 Cr. On the balance sheet, total assets increased to 3,054.59 Cr, reflecting the company's expanding operations, while total liabilities rose correspondingly. Notably, total debt decreased, indicating improved financial health. The cash flow from operating activities showed a positive trend, enhancing the company's liquidity position with a net cash inflow of 22.00 Cr in Mar'25. Overall, Grindwell Norton has demonstrated resilience and growth in its financial metrics over the years.

Is Grindwell Norton technically bullish or bearish?

As of December 1, 2025, Grindwell Norton is in a mildly bearish trend, indicated by bearish signals from the MACD, moving averages, and Bollinger Bands, despite some bullish momentum in the monthly RSI.

As of 1 December 2025, the technical trend for Grindwell Norton has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and moving averages indicating bearish signals. The Bollinger Bands also reflect a mildly bearish outlook on both weekly and monthly time frames. Although the monthly RSI shows bullish momentum, the overall indicators suggest weakness, particularly with the KST remaining bearish on a monthly basis. The lack of clear trends in Dow Theory and OBV further supports the neutral to bearish sentiment.

Are Grindwell Norton Ltd. latest results good or bad?

Grindwell Norton Ltd.'s latest results show a mixed performance, with a 10.96% decline in net profit quarter-on-quarter but a 9.62% increase year-on-year, alongside a slight improvement in operating margins. While there are short-term challenges, the year-on-year growth indicates underlying strength.

Grindwell Norton Ltd.'s latest results present a mixed picture. For the third quarter of FY26, the company reported a net profit of ₹95.17 crore, which reflects a decline of 10.96% compared to the previous quarter. However, on a year-on-year basis, net profit grew by 9.62%, indicating some resilience in profitability.<BR><BR>Revenue for the same quarter was ₹752.79 crore, down 2.83% from the previous quarter but up 7.14% year-on-year. This suggests that while there are some short-term challenges, the company is still experiencing overall growth compared to the same period last year.<BR><BR>Operating margins improved slightly to 18.52%, up 29 basis points from the previous quarter, which showcases effective cost management despite the revenue decline. Additionally, the return on equity remains strong at 19.36%, indicating good capital efficiency.<BR><BR>In summary, while the sequential decline in both revenue and profit raises concerns about near-term demand, the year-on-year growth figures and stable operating margins suggest that Grindwell Norton is navigating a challenging environment relatively well. Investors may view the results as a sign of underlying strength, but the recent performance also highlights potential headwinds that need to be monitored closely.

Should I buy, sell or hold Grindwell Norton Ltd.?

Why is Grindwell Norton Ltd. falling/rising?

As of 05-May, Grindwell Norton Ltd. is facing a stock price decline to 1,571.95, down 1.42%. This is due to underperformance against benchmarks, reduced investor participation, and concerns over slow long-term growth, suggesting the stock may be overvalued.

As of 05-May, Grindwell Norton Ltd. is experiencing a decline in its stock price, currently at 1,571.95, reflecting a change of -22.7 or -1.42%. This drop can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has underperformed against the benchmark, with a performance today that is 0.8% lower than its sector. Over the past week, the stock has decreased by 2.78%, while the Sensex has seen a slight increase of 0.17%. Additionally, the stock's performance over the last three years shows a significant decline of 17.13%, contrasting sharply with the Sensex's gain of 26.15% during the same period. <BR><BR>Investor participation has also waned, as indicated by a drastic fall in delivery volume, which decreased by 87.07% compared to the five-day average. This suggests a lack of confidence among investors, contributing to the downward pressure on the stock price. <BR><BR>Moreover, while the company boasts high management efficiency with a return on equity (ROE) of 19.36% and is net-debt free, it faces challenges in terms of long-term growth. The net sales and operating profit have only grown at annual rates of 14.49% and 14.85%, respectively, over the last five years. This slow growth, coupled with a high price-to-book value ratio of 7.6, indicates that the stock may be overvalued compared to its peers.<BR><BR>In summary, the combination of underperformance against benchmarks, declining investor participation, and concerns over long-term growth prospects are key reasons for the falling stock price of Grindwell Norton Ltd.

Which are the latest news on Grindwell Norton?