Grindwell Norton Ltd.
Snapshot View

1245.00 -4.30 ▼-0.3%

02 August 2021, 04:00:00 P.M.
Volume: 2,577

Overview View Details

Sector Abrasives Compare with Sector peers
Industry Abrasives Compare with Industry peers
Website http://www.grindwellnorton.co.in
Financial Indicators
Market Cap 13,832.25 Cr.
Earnings per share (EPS) 24.84 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 50.30 Trailing Twelve Months Ending 2021-06
Industry PE 48.11 Trailing Twelve Months Ending 2021-06
Book Value / Share 127.95 Trailing Twelve Months Ending 2021-06
Price to Book Value 9.76 Calculated using Price: 1,249.30
Dividend Yield 0.76 Period Ending 2021-03
No. of Shares Subscribed 11.07 Cr. 110,720,000 Shares
FaceValue 5
Company Profile

Grindwell Norton (GNO), a company listed on the Bombay and National Stock Exchanges, pioneered the manufacture of grinding wheels in India in 1941. In 1990, Saint-Gobain acquired Norton Company, USA, worldwide and thereby became a shareholder in GNO. In 1996, Saint-Gobain increased its equity stake, making GNO its first majority-owned subsidiary in India.

Presently, GNO’s businesses include: Abrasives, Ceramic Materials Businesses (Silicon Carbide and Performance Ceramics & Refractories), Performance Plastics and ADFORS. The Saint-Gobain Country Head office, INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally) and CertainTeed are also part of GNO. GNO’s subsidiary, Saint-Gobain Ceramic Materials Bhutan Pvt. Ltd., manufactures Silicon Carbide. The Group currently holds 51.66% of the equity capital of GNO.

Business area of the company

Abrasives Business: GNO’s Abrasives Business, markets and manufactures a full range of Bonded Abrasives, Coated Abrasives (including Non-woven Abrasives), Thin Wheels and Superabrasives at its plants near Mumbai, Bangalore, Nagpur and Himachal Pradesh.

Ceramics Business: The Performance Ceramics & Refractories (PCR) business offers complete solutions with expertise in design, engineering and manufacturing refractory systems for high temperature, ballistic and wear applications. The HPR plants are located in Bangalore and Halol (Gujarat). The Silicon Carbide business manufactures Silicon Carbide crude and grains at Tirupati (Andhra Pradesh) and near Phuentsholing (Bhutan) and is a major supplier to all leading Refractory, Metallurgy and Abrasives manufacturers in India.

Other Businesses: GNO’s other businesses include: CertainTeed (subsidiary of Saint-Gobain) and INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally).

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.34%
1 Week
-2.99%
1 Month
-0.91%
3 Month
+35.27%
6 Month
+68.10%
1 Year
+159.35%
2 Year
+132.78%
5 Year
+272.25%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 20.03 15.83 17.86 15.52 14.67 16.11 16.28 16.23 18.80
Return on Capital Employed (%) 27.40 22.60 26.16 23.32 21.73 24.30 25.17 21.69 25.20
Return on Assets (%) 12.73 10.44 11.75 10.48 10.52 11.84 12.12 12.11 13.77

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 516 558 616 763 893 991 1,098 1,187 1,365
Non Curr. Liab. 49 52 42 30 44 43 45 49 50
Curr. Liab. 211 216 274 286 261 293 289 342 436
Minority Int. 7 8 9 10 11 12 14 14 12
Equity & Liab. 784 833 940 1,089 1,210 1,339 1,445 1,592 1,862
Non Curr. Assets 437 431 424 513 535 563 586 603 615
Curr. Assets 347 403 516 576 675 776 859 989 1,247
Misc. Exp. not W/O
Total Assets 784 833 940 1,089 1,210 1,339 1,445 1,592 1,862

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 947 966 1,135 1,151 1,263 1,431 1,598 1,580 1,638
Other Income 12 13 18 23 31 27 35 40 51
Total Income 959 979 1,154 1,173 1,294 1,458 1,633 1,620 1,689
Total Expenditure -796 -822 -955 -967 -1,070 -1,184 -1,326 -1,315 -1,314
PBIDT 163 157 198 206 224 274 307 305 375
Interest -3 -3 -3 -2 -2 -2 -2 -4 -3
Depreciation -24 -32 -42 -43 -42 -45 -45 -58 -54
Taxation -38 -37 -50 -55 -59 -77 -92 -59 -79
Exceptional Items
PAT 97 84 104 106 121 151 169 184 238

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 104 106 106 139 170 134 85 318 331
Cash Fr. Inv. -81 -26 -30 -38 -44 -44 -54 -442 -230
Cash Fr. Finan. -41 -51 -46 -99 3 -60 -68 -95 -95
Net Change -18 29 29 2 129 29 -37 -220 7
Cash & Cash Eqvt 54 82 112 116 238 271 232 13 19

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 58.32 58.32 58.32 58.32 58.32 58.32 58.32 58.32 58.32
Public 41.68 41.68 41.68 41.68 41.68 41.68 41.68 41.68 41.68
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 30 Jul 2021
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
The 71st AGM of the Company was held today and the business mentioned in the Notice dated May 7 2021 were transacted. In this regard please find enclosed the following:
? Summary of proceedings as required under Regulation 30 Part-A of Schedule-III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations).
? Voting results as required under Regulation 44 of the Listing Regulations.
? Report of Scrutinizer dated July 29 2021 pursuant to Section 108 of the Companies Act 2013 (Act) and Rules framed thereunder.
This is for your information and records.
The Company facilitated live webcast of the proceedings of the meeting. The archive of webcast of the 71st Annual General Meeting is being made available on the Companys website www.grindwellnorton.co.in.
Thu, 29 Jul 2021
Shareholder Meeting / Postal Ballot-Outcome of AGM
The 71st AGM of the Company was held today and the business mentioned in the Notice datedMay 7 2021 were transacted. In this regard please find enclosed the following:
? Summary of proceedings as required under Regulation 30 Part-A of Schedule-III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations).

? Voting results as required under Regulation 44 of the Listing Regulations.

? Report of Scrutinizer dated July 29 2021 pursuant to Section 108 of the Companies Act 2013 (Act) and Rules framed thereunder.

This is for your information and records.

The Company facilitated live webcast of the proceedings of the meeting. The archive of webcast of the 71st Annual General Meeting is being made available on the Companys website www.grindwellnorton.co.in.
Thu, 29 Jul 2021
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Grindwell Norton Ltd has informed BSE regarding the details of Voting results of AGM under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here

Technical Scans View Details

Fri, 30 Jul 2021
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
Close Crossing 20 EMA From Above Close Crossing 20 EMA From Above
RSI Trending Down RSI Trending Down
Thu, 29 Jul 2021
Higher Delivery Quantity Higher Delivery Quantity

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