Grindwell Norton Ltd Share Price (GRINDWELL)
₹2077.4
Overview of Grindwell Norton Ltd
Key events for Grindwell Norton Ltd
Grindwell Norton's High P/E Ratio Raises Concerns - 09 Apr, 2024
Grindwell Norton Limited's high P/E ratio of 58.6x compared to the market average is a cause for concern, despite recent earnings growth and anticipated future growth. Investors may be overly bullish on the stock, setting themselves up for disappointment if the P/E falls in line with growth outlook.
Grindwell Norton Ltd Maintains Stable EBIT Margins While Growing Revenue - 22 Mar, 2024
Grindwell Norton has maintained stable EBIT margins while growing revenue by 9.2% to ₹27b in the last year. The company's EPS has grown by 25% per year, and insiders own shares worth ₹14b. The CEO received total compensation of just ₹18m in the year to March 2023.
Analyst Rating for Grindwell Norton Ltd stock
based on 6 analysts
Based on 6 analysts offering long term price targets for Grindwell Norton Ltd. An average target of ₹2232.33
Source: S&P Global Market Intelligence
Grindwell Norton Ltd share Performance
- ₹2071₹2136.1₹2077.4
0.31%
Downside
Day's Volatility:3.13%
Upside
2.83%
- ₹1820₹2495₹2077.4
12.39%
Downside
52 Weeks Volatility:32.49%
Upside
20.10%
| Returns % | |
| 1 Month Return | 12.28 % |
| 3 Month Return | -6.1 % |
| 1 Year Return | 13.36 % |
| Market Stats | |
| Previous Close | ₹2,137.15 |
| Open | ₹2,115.00 |
| Volume | 28.29K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹23,662.52Cr |
Grindwell Norton Ltd Company Information
GNO is the largest producer of abrasive products in India and is known for its popular brands such as Norton, Carborundum, and Saint-Gobain. The company also offers a wide range of other products such as super abrasives, bonded abrasives, non-woven abrasives, and coated abrasives. GNO also produces a range of ceramic products such as alumina and zirconia. GNO's Performance Plastics division produces a range of engineering plastics, such as polycarbonate, polyamide, polyester, and polypropylene.
Share Price: ₹2077.40 per share as on 16 Apr, 2024 04:01 PM
Market Capitalisation: ₹23,662.52Cr as of today
Revenue: ₹655.47Cr as on December 2023 (Q4 23)
Net Profit: ₹92.09Cr as on December 2023 (Q4 23)
Listing date: 24 Aug, 1995
Chairperson Name: Keki M Elavia
| Organisation | Grindwell Norton Ltd |
| Headquarters | |
| Industry | Capital Goods-Non Electrical Equipment |
| E-voting on shares | Click here to vote |
Fundamentals of Grindwell Norton Ltd
Insights on Grindwell Norton Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPrice Rise
In the last 7 days, GRINDWELL stock has moved up by 3.1%
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 14.05% to 14.38% in Dec 2023 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 8.40% to 8.42% in Dec 2023 quarter
NO EFFECTAgainst Peers
In the last 1 year, Thermax Ltd has given 107.5% return, outperforming this stock by 94.2%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 58.03% of holdings in Dec 2023 quarter
- NO EFFECT
Against Peers
In the last 3 years, Thermax Ltd has given 247.8% return, outperforming this stock by 112.7%
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 2 quarters, 101.89 Cr → 92.16 Cr (in ₹), with an average decrease of 9.6% per quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 690.1 Cr → 674.4 Cr (in ₹), with an average decrease of 2.3% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 18.25% to 18.09% in Dec 2023 quarter
Grindwell Norton Ltd Valuation
Grindwell Norton Ltd in the last 5 years
Lowest (25.38x)
March 24, 2020
Today (60.65x)
April 15, 2024
Industry (83.13x)
April 15, 2024
Highest (78.62x)
September 8, 2022
Grindwell Norton Ltd Mutual Fund Holdings
| Funds | Holdings |
 Axis Midcap Fund Direct Plan Growth | 1.13% |
 UTI Flexi Cap Fund - Growth Option - Direct | 1.12% |
 Nippon India Small Cap Fund - Direct Plan - Growth Plan | 0.55% |
 SBI Magnum Global Fund Direct Growth | 3.03% |
| Axis Small Cap Fund Direct Growth | 1% |
Grindwell Norton Ltd Shareholding Pattern
| Investors | Holdings % | Prev. 4 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 58.03% | 0.00 | |
| Foreign Institutions | 8.42% | 0.21 | |
| Mutual Funds | 14.38% | 2.40 | |
| Retail Investors | 18.09% | ||
| Others | 1.08% |
Technicals of Grindwell Norton Ltd share
News & Events of Grindwell Norton Ltd
Frequently Asked Questions
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Grindwell Norton Ltd (GRINDWELL) share price today is ₹2077.4
Grindwell Norton Ltd is listed on NSE
Grindwell Norton Ltd is listed on BSE
- Today’s highest price of Grindwell Norton Ltd is ₹2136.1.
- Today’s lowest price of Grindwell Norton Ltd is ₹2071.
PE Ratio of Grindwell Norton Ltd is 60.65
PE ratio = Grindwell Norton Ltd Market price per share / Grindwell Norton Ltd Earnings per share
Today’s traded volume of Grindwell Norton Ltd(GRINDWELL) is 28.29K.
Today’s market capitalisation of Grindwell Norton Ltd(GRINDWELL) is ₹23662.52Cr.
| Grindwell Norton Ltd(GRINDWELL | Price |
|---|---|
52 Week High | ₹2495 |
52 Week Low | ₹1820 |
Grindwell Norton Ltd(GRINDWELL) share price is ₹2077.4. It is down -16.74% from its 52 Week High price of ₹2495
Grindwell Norton Ltd(GRINDWELL) share price is ₹2077.4. It is up 14.14% from its 52 Week Low price of ₹1820
| Grindwell Norton Ltd(GRINDWELL | Returns |
|---|---|
1 Day Returns | -59.75% |
1 Month Returns | 12.28% |
3 Month Returns | -6.1% |
1 Year Returns | 13.36% |