Grindwell Norton Ltd.

2078.00 -56.70 ▼-2.7%

16 April 2024, 04:01:00 PM
Volume: 1,275

Company Profile

Sector Abrasives Sector Icon Abrasives Compare with Sector peers
Industry Abrasives Industry Icon Abrasives Compare with Industry peers
Website http://www.grindwellnorton.com
Market Cap 23,012.60 Cr.
Enterprise Value(EV) 22,742.90 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 35.25 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 58.97 Trailing Twelve Months Ending 2023-12
Industry PE 54.64 Trailing Twelve Months Ending 2023-12
Book Value / Share 174.52 Trailing Twelve Months Ending 2023-12
Price to Book Value 11.91 Calculated using Price: 2,078.45
Dividend Yield 0.70 Period Ending 2023-03
No. of Shares Subscribed 11.07 Cr. 110,720,000 Shares
FaceValue 5
About Grindwell Norton Ltd.
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.

Grindwell Norton Ltd. Delivery

Delivered Qty
Traded Qty

Grindwell Norton Ltd. Performance

1 Day
-2.66%
1 Week
+0.65%
1 Month
+9.69%
3 Month
-9.61%
6 Month
-4.13%
1 Year
+7.37%
2 Year
+14.84%
5 Year
+246.22%
10 Year
+1168.00%

Grindwell Norton Ltd. Fundamental Ratios

9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 17.86 15.52 14.67 16.11 16.28 16.23 18.8 20.3 21.61
Return on Capital Employed (%) 26.16 23.32 21.73 24.3 25.17 21.69 25.2 27.32 29.15
Return on Assets (%) 11.75 10.48 10.52 11.84 12.12 12.11 13.77 14.84 15.99

Grindwell Norton Ltd. Balance Sheet

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 616 763 893 991 1,098 1,187 1,365 1,568 1,806 1,844
Non Curr. Liab. 42 30 44 43 45 49 50 47 73 93
Curr. Liab. 274 286 261 293 289 342 436 488 516 588
Minority Int. 9 10 11 12 14 14 12 12 11 12
Equity & Liab. 940 1,089 1,210 1,339 1,445 1,592 1,862 2,116 2,406 2,537
Non Curr. Assets 424 513 535 563 586 603 615 738 1,027 1,047
Curr. Assets 516 576 675 776 859 989 1,247 1,378 1,379 1,490
Misc. Exp. not W/O
Total Assets 940 1,089 1,210 1,339 1,445 1,592 1,862 2,116 2,406 2,537

Grindwell Norton Ltd. Profit and Loss

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 1,135 1,151 1,263 1,431 1,598 1,580 1,638 2,013 2,541 2,660
Other Income 18 23 31 27 35 40 60 56 58 72
Total Income 1,154 1,173 1,294 1,458 1,633 1,620 1,698 2,068 2,599 2,733
Total Expenditure -955 -967 -1,070 -1,184 -1,326 -1,315 -1,323 -1,614 -2,043 -2,137
PBIDT 198 206 224 274 307 305 375 454 556 596
Interest -3 -2 -2 -2 -2 -4 -3 -4 -8 -8
Depreciation -42 -43 -42 -45 -45 -58 -54 -53 -60 -67
Taxation -50 -55 -59 -77 -92 -59 -79 -101 -124 -131
Exceptional Items 0
PAT 104 106 121 151 169 184 238 295 362 390
Minority Interest -1 -1 -1 -1 -1 -1 1 1 0 1
Share Associate 0 0 0
Other Related Items
Consolidated Net Profit 103 105 119 150 167 183 239 296 362 390
Adjusted EPS 9 10 11 14 15 16 22 27 33 35

Grindwell Norton Ltd. Cash Flow

Particulars 10 years 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. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 106 106 139 170 134 85 318 331 187 356
Cash Fr. Inv. -26 -30 -38 -44 -44 -54 -442 -230 -54 -223
Cash Fr. Finan. -51 -46 -99 3 -60 -68 -95 -95 -114 -140
Net Change 29 29 2 129 29 -37 -220 7 19 -7
Cash & Cash Eqvt 82 112 116 238 271 232 13 19 38 40

Grindwell Norton Ltd. Shareholding Pattern

9 Qtrs 2021-12 (%) 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%)
Promoter 58.08 58.08 58.08 58.08 58.03 58.03 58.03 58.03 58.03
Public 41.92 41.92 41.92 41.92 41.97 41.97 41.97 41.97 41.97
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
No. of Shareholders (in Lacs)

Grindwell Norton Ltd. Announcements

Tue, 16 Apr 2024
Board Meeting Intimation for Intimation Regarding Board Meeting
GRINDWELL NORTON LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/05/2024 inter alia to consider and approve This is to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Monday May 6 2024 inter alia to:1. Consider and approved the Audited Financial Results of the Company for the quarter and financial year ended March 31 2024.2. Consider and recommend a dividend if any on the equity shares of the Company for the financial year ended March 31 2024 for the approval of the shareholders at the ensuing Annual General Meeting of the Company.
Tue, 16 Apr 2024
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that Mr. Krishna Prasad Executive Director of the Company has expressed his desire to retire from the Company and from the Board in May 2024. The Board of Directors of the Company will consider the same at the Board Meeting scheduled to be held on May 6 2024.
Tue, 16 Apr 2024
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompanyGRINDWELL NORTON LTD.-
2CIN NO.L26593MH1950PLC008163
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 11.36
4Highest Credit Rating during the previous FY NotApplicable
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: K Visweswaran
Designation: Company Secretary
EmailId: viswesh.k@saint-gobain.com
Name of the Chief Financial Officer: Hari Singudasu
Designation: Chief Financial Officer
EmailId: singudasu.hari@saint-gobain.com

Date: 16/04/2024

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

Grindwell Norton Ltd. Technical Scans

Tue, 16 Apr 2024
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
Close Entering 52 Week Low Zone Close Entering 52 Week Low Zone
High Increase in 1 Month High Increase in 1 Month
High Increase in 5 Years High Increase in 5 Years
William %R Bearish William %R Bearish

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Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
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Wendt (India) Ltd. Consolidated 2023-12 11.21 11,488.95 -1.2%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
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Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
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Wendt (India) Ltd. Consolidated 2023-03 22.86 11,488.95 -1.2%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
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Wendt (India) Ltd. Consolidated 2023-03 210.24 11,488.95 -1.2%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
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