Grindwell Norton

Which are the latest news on Grindwell Norton?

Why is Grindwell Norton Ltd. falling/rising?

As of 05-Sep, Grindwell Norton Ltd. is seeing a stock price decline to 1,962.10, down 0.63%. This decline is due to underperformance against the Sensex and sector averages, alongside reduced investor participation, despite strong fundamentals.

As of 05-Sep, Grindwell Norton Ltd. is experiencing a decline in its stock price, currently at 1,962.10, which reflects a change of -12.45 (-0.63%). This downward movement can be attributed to several factors. Over the past week, the stock has underperformed the benchmark Sensex, showing a decrease of 4.60% compared to the Sensex's decline of only 0.97%. Additionally, the stock has fallen by 6.24% over the past month, while the Sensex has decreased by 2.44%. <BR><BR>Despite a year-to-date increase of 25.33%, which is significantly higher than the Sensex's drop of 10.21%, recent performance indicates a troubling trend. The stock has also underperformed its sector, with a performance today that is 1.56% lower than the sector average. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 10.89% against the five-day average, suggesting reduced interest from investors.<BR><BR>While the company boasts strong fundamentals, such as being net-debt free and having high management efficiency with a return on equity of 18.06%, these positive aspects are currently overshadowed by the recent price movements and declining investor engagement.

Who are in the management team of Grindwell Norton?

The management team of Grindwell Norton includes K Visweswaran (Company Secretary), Keki M Elavia (Chairman), B Santhanam (Managing Director), and several independent and other directors, bringing diverse expertise to the company.

The management team of Grindwell Norton includes the following members:<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>This team brings a diverse range of expertise and leadership to the company.

What does Grindwell Norton do?

Grindwell Norton Ltd. is a small-cap subsidiary of Compagnie de Saint-Gobain, operating in the industrial products sector, with recent net sales of 803 Cr and a net profit of 116 Cr as of June 2026. Key financial metrics include a P/E ratio of 51.00 and a market cap of INR 22,613 Cr.

Overview:<BR>Grindwell Norton Ltd. operates in the industrial products sector and is categorized as a small-cap company.<BR><BR>History:<BR>Grindwell Norton Ltd. is a subsidiary of Compagnie de Saint-Gobain and has not specified its incorporation year. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 803 Cr (Quarterly Results - Jun 2026)<BR>Most recent Net Profit: 116 Cr (Quarterly Results - Jun 2026)<BR>Market-cap value: INR 22,613 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 51.00<BR>Industry P/E: 56<BR>Dividend Yield: 0.92%<BR>Debt-Equity: -0.43<BR>Return on Equity: 16.38%<BR>Price-to-Book: 9.00<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

Who are the peers of the Grindwell Norton?

Grindwell Norton's peers include Timken India, Carborundum Uni., Prec. Wires (I), SKF India, Borosil Renew., Apcotex Industri, and Pix Transmission. Prec. Wires (I) leads in 1-year return at 195.41%, while Grindwell Norton has a return of 29.34%.

Peers: The peers of Grindwell Norton are Timken India, Carborundum Uni., Prec. Wires (I), SKF India, Borosil Renew., Apcotex Industri, and Pix Transmission.<BR><BR>Quality Snapshot: Excellent management risk is observed at Timken India, Grindwell Norton, Carborundum Uni., SKF India, and Apcotex Industri, while Average management risk is found at Prec. Wires (I) and Pix Transmission, and Below Average management risk is noted at Borosil Renew. Growth is Excellent at Prec. Wires (I), while Below Average growth is seen at Timken India, Grindwell Norton, Carborundum Uni., SKF India, Apcotex Industri, and the rest. Capital Structure is Excellent for Timken India, Grindwell Norton, Carborundum Uni., SKF India, and Apcotex Industri, Good for Prec. Wires (I), and Average for Borosil Renew.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Prec. Wires (I) at 195.41%, while the peer with the lowest is SKF India at -26.68%. Grindwell Norton’s own 1-year return is 29.34%, which is significantly higher than SKF India but lower than Prec. Wires (I). Additionally, SKF India and Borosil Renew. have negative six-month returns.

How big is Grindwell Norton?

As of 31st August, Grindwell Norton Ltd. has a market capitalization of 22,613.00 Cr, with net sales of 3,173.04 Cr and a net profit of 436.30 Cr reported in the latest four quarters.

As of 31st August, Grindwell Norton Ltd. has a market capitalization of 22,613.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Grindwell Norton reported net sales of 3,173.04 Cr and a net profit of 436.30 Cr.<BR><BR>The latest reporting period for the balance sheet is March 2026, with shareholder's funds amounting to 2,534.75 Cr and total assets of 3,435.72 Cr.

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

Are Grindwell Norton Ltd. latest results good or bad?

Grindwell Norton Ltd.'s latest Q1 FY27 results are generally positive, showing a 22.30% year-on-year profit growth to ₹115.51 crores and a 14.19% increase in net sales to ₹803.30 crores, despite a slight sequential decline. The company maintains strong operating margins and return on equity, indicating solid performance overall.

Grindwell Norton Ltd.'s latest results for Q1 FY27 can be considered good overall, despite some mixed signals. The company reported a net profit of ₹115.51 crores, which reflects a strong year-on-year growth of 22.30%. Additionally, net sales increased by 14.19% year-on-year to ₹803.30 crores, indicating solid revenue growth.<BR><BR>However, there was a sequential decline in both net sales and net profit, down 4.62% and 2.72% respectively from the previous quarter. This dip is likely seasonal rather than indicative of a structural issue, as the company has maintained robust annual growth.<BR><BR>The operating margin improved to 19.61%, up 106 basis points from the same quarter last year, showcasing effective cost management and pricing power. The return on equity (ROE) stands at a healthy 18.06%, highlighting the company's efficient use of capital.<BR><BR>In summary, while there are some concerns regarding the sequential declines, the overall year-on-year growth in profits and revenues, along with improved margins, suggest that Grindwell Norton is performing well and maintaining its operational excellence in the industrial abrasives market.

When is the next results date for Grindwell Norton Ltd.?

The next results date for Grindwell Norton Ltd. is 24 July 2026.

The next results date for Grindwell Norton Ltd. is scheduled for 24 July 2026.

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.

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.

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.

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.

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.