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Grindwell Norton

  • Market Cap: Mid Cap
  • Industry: Abrasives
  • ISIN: INE536A01023
  • NSEID: GRINDWELL
  • BSEID: 506076
INR
1,596.90
14.4 (0.91%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 18.31 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

1,564.051,620.25

52 Week

1,360.052,959.45
Valuation
Technical
Day's Volume

CASH

18.31 k (51.49%) Volume

Shareholding (Dec 2024)

FII

6.97%

Held by 140 FIIs

DII

18.08%

Held by 25 DIIs

Promoter

58.03%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Poor long term growth as Net Sales has grown by an annual rate of 11.58% and Operating profit at 14.29% over the last 5 years

 
2

Negative results in Dec 24

3

Stock is technically in a Bearish range

4

With ROE of 18.2, it has a Very Expensive valuation with a 8.5 Price to Book Value

5

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Abrasives

stock-summary
Market cap

INR 17,681 Cr (Mid Cap)

stock-summary
P/E

48.00

stock-summary
Industry P/E

42

stock-summary
Dividend Yield

1.07%

stock-summary
Debt Equity

-0.28

stock-summary
Return on Equity

18.20%

stock-summary
Price to Book

8.52

Revenue and Profits (1 Year):
Net Sales:
703 Cr
(Quarterly Results - Dec 2024)
Net Profit:
87 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (1.07%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-33.92%
0%
-33.92%
1 Year
-22.7%
0%
-22.7%
2 Years
-14.3%
0%
-14.3%
3 Years
-18.51%
0%
-18.51%
4 Years
73.26%
0%
73.26%
5 Years
246.89%
0%
246.89%

Latest dividend: 17 per share ex-dividend date: Jul-09-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
11.58%
EBIT Growth (5y)
14.29%
EBIT to Interest (avg)
65.07
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.30
Tax Ratio
24.16%
Dividend Payout Ratio
49.06%
Pledged Shares
0
Institutional Holding
25.05%
ROCE (avg)
33.54%
ROE (avg)
19.06%
Valuation key factors
Factor
Value
P/E Ratio
48
Industry P/E
42
Price to Book Value
8.52
EV to EBIT
40.01
EV to EBITDA
33.16
EV to Capital Employed
11.48
EV to Sales
6.06
PEG Ratio
NA
Dividend Yield
1.07%
ROCE (Latest)
29.39%
ROE (Latest)
18.20%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 25 Schemes (17.19%)

FIIs

Held by 140 FIIs (6.97%)

Promoter with highest holding

Saint Gobain Abrasives Inc (26.77%)

Highest Public shareholder

Sbi Magnum Midcap Fund (7.83%)

Individual Investors Holdings

11.42%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is 6.47% vs 9.28% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is -5.79% vs 14.93% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "702.61",
          "val2": "659.94",
          "chgp": "6.47%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "123.44",
          "val2": "127.81",
          "chgp": "-3.42%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "2.10",
          "val2": "1.92",
          "chgp": "9.38%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-0.35",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "86.82",
          "val2": "92.16",
          "chgp": "-5.79%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.65%",
          "val2": "19.50%",
          "chgp": "-1.85%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 4.77% vs 4.96% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -4.78% vs 8.98% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,399.47",
          "val2": "1,335.75",
          "chgp": "4.77%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "262.38",
          "val2": "266.63",
          "chgp": "-1.59%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "4.75",
          "val2": "3.97",
          "chgp": "19.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "189.36",
          "val2": "198.87",
          "chgp": "-4.78%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "18.82%",
          "val2": "19.96%",
          "chgp": "-1.14%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 5.33% vs 6.35% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -5.10% vs 10.79% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,102.08",
          "val2": "1,995.69",
          "chgp": "5.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "385.82",
          "val2": "394.44",
          "chgp": "-2.19%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "6.85",
          "val2": "5.89",
          "chgp": "16.30%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-0.35",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "276.18",
          "val2": "291.03",
          "chgp": "-5.10%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "18.35%",
          "val2": "19.76%",
          "chgp": "-1.41%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 5.72% vs 26.26% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 6.01% vs 22.41% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,686.77",
          "val2": "2,541.34",
          "chgp": "5.72%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "519.44",
          "val2": "499.63",
          "chgp": "3.96%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "7.76",
          "val2": "7.80",
          "chgp": "-0.51%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-0.35",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "383.65",
          "val2": "361.90",
          "chgp": "6.01%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.46%",
          "val2": "19.79%",
          "chgp": "-0.33%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - YoYstock-summary
Dec'24
Dec'23
Change(%)
Net Sales
702.61
659.94
6.47%
Operating Profit (PBDIT) excl Other Income
123.44
127.81
-3.42%
Interest
2.10
1.92
9.38%
Exceptional Items
0.00
-0.35
100.00%
Consolidate Net Profit
86.82
92.16
-5.79%
Operating Profit Margin (Excl OI)
17.65%
19.50%
-1.85%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2024 is 6.47% vs 9.28% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2024 is -5.79% vs 14.93% in Dec 2023

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
1,399.47
1,335.75
4.77%
Operating Profit (PBDIT) excl Other Income
262.38
266.63
-1.59%
Interest
4.75
3.97
19.65%
Exceptional Items
0.00
0.00
Consolidate Net Profit
189.36
198.87
-4.78%
Operating Profit Margin (Excl OI)
18.82%
19.96%
-1.14%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 4.77% vs 4.96% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is -4.78% vs 8.98% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
2,102.08
1,995.69
5.33%
Operating Profit (PBDIT) excl Other Income
385.82
394.44
-2.19%
Interest
6.85
5.89
16.30%
Exceptional Items
0.00
-0.35
100.00%
Consolidate Net Profit
276.18
291.03
-5.10%
Operating Profit Margin (Excl OI)
18.35%
19.76%
-1.41%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 5.33% vs 6.35% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -5.10% vs 10.79% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
2,686.77
2,541.34
5.72%
Operating Profit (PBDIT) excl Other Income
519.44
499.63
3.96%
Interest
7.76
7.80
-0.51%
Exceptional Items
-0.35
0.00
Consolidate Net Profit
383.65
361.90
6.01%
Operating Profit Margin (Excl OI)
19.46%
19.79%
-0.33%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 5.72% vs 26.26% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 6.01% vs 22.41% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Grindwell Norton Ltd. stock-summary
stock-summary
Grindwell Norton Ltd.
Mid Cap
Abrasives
Grindwell Norton Limited (GNL) is one of the subsidiary of Compagnie de Saint-Gobain (Saint-Gobain), a transnational group with its headquarters in Paris and with sales of Euro 51.20 billion in 2022. Saint-Gobain has reorganized its businesses into two broad areas: Construction or Building related businesses that serve Regional markets and businesses that serve Global markets. The businesses that serve Global markets fall within the High Performance Solutions sector of Saint-Gobain.
Company Coordinates stock-summary
Company Details
Leela Business Park 5th level, Andheri-Kurla Rd Andheri(East) Mumbai Maharashtra : 400059
stock-summary
Tel: 91-22-40212121
stock-summary
http://www.grindwellnorton.co.in
stock-summary
sharecmpt.gno@saint-gobain.com
Registrar Details
TSR Darashaw Ltd, 6-10 , Haji Moosa Patrawala Indl. Est , 20 Dr.E.Moses Road , Mahalaxmi , Mumbai
Stock List
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