Grindwell Norton Ltd (GRINDWELL)
₹2592.5▲1.71%
Analyst Rating
based on 6 analysts
16.67%
Buy
50.00%
Hold
33.33%
Sell
Based on 6 analysts offering long term price targets for Grindwell Norton Ltd. An average target of ₹2395.33
Source: S&P Global Market Intelligence
Grindwell Norton Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹2,528.05₹2,620.552 Week's Low
52 Week's High
₹1,875.2₹2,960
| Returns % | |
| 1 Month Return | -7.04 % |
| 3 Month Return | + 21.2 % |
| 1 Year Return | + 18.56 % |
| Market Stats | |
| Previous Close | ₹2,548.90 |
| Open | ₹2,549.90 |
| Volume | 45.26K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹28,221.42Cr |
Key Statistics
| P/E Ratio | 74.31 |
| PEG Ratio | 61.41 |
| Market Cap | ₹28,221.42 Cr |
| P/B Ratio | 10.27 |
| EPS | 34.68 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹28,221.42 Cr | 74.18% | 0.53 | ₹383 Cr | ₹2,686 Cr |
 | HOLD | ₹40,609.64 Cr | 30.46% | 0.54 | ₹1,056 Cr | ₹4,908 Cr |
 | HOLD | ₹99,150.28 Cr | 77.74% | 0.52 | ₹1,720 Cr | ₹9,000 Cr |
 | ₹1,07,021.22 Cr | 79.31% | 0.67 | ₹477 Cr | ₹23,364 Cr | |
 | HOLD | ₹1,58,995.91 Cr | 102.83% | 0.51 | NA | NA |
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: ₹2592.50 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹28,221.42Cr as of today
Revenue: ₹703.14Cr as on June 2024 (Q2 24)
Net Profit: ₹93.37Cr as on June 2024 (Q2 24)
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 |
Key events for Grindwell Norton Ltd
Grindwell Norton Q1 Results Declared; Analysts Recommend Hold - 19 Jul, 2024
Grindwell Norton's Q1 results show a growth in revenue but a decline in profits YoY. Analysts recommend holding the stock with a consensus rating of Hold.
Grindwell Norton Q1 FY25 Net Profit Declines by 3.92% - 18 Jul, 2024
Grindwell Norton Ltd reported a decline of 3.92% in consolidated net profit to Rs 93.18 crore in Q1 FY25, while revenue from operations grew by 5.57% YoY to Rs 705.60 crore. The company's Abrasives and Ceramics & Plastics segments saw growth, but Digital Services revenue declined by 9.78% YoY.
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 IMPACTFII Holding Up
Foreign Institutions have increased holdings from 8.31% to 8.63% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 674.4 Cr → 721.77 Cr (in ₹), with an average increase of 3.3% per quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 92.16 Cr → 93.18 Cr (in ₹), with an average increase of 0.6% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 14.92% to 15.23% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Thermax Ltd has given 103.2% return, outperforming this stock by 84.7%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 58.03% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Thermax Ltd has given 250.0% return, outperforming this stock by 151.8%
NEGATIVE IMPACTPrice Dip
In the last 1 month, GRINDWELL stock has moved down by -7.0%
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 17.76% to 17.19% in Jun 2024 quarter
Company Financials
| Q'2 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹703.14Cr | ↑2.29% |
Net Income | ₹93.37Cr | ↑0.74% |
Net Profit Margin | 13.28% | ↓1.48% |
| 2024 | Y/Y Change | |
|---|---|---|
Revenue | ₹2,686.77Cr | ↑5.72% |
Net Income | ₹383.96Cr | ↑6.21% |
Net Profit Margin | 14.29% | ↑0.42% |
| 2024 | Y/Y Change | |
|---|---|---|
Total Assets | ₹2,764.82Cr | ↑14.99% |
Total Liabilities | ₹713.77Cr | ↑18.94% |
| 2024 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹363.93Cr | ↓8.65% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 58.03% | 0.00 | |
| Foreign Institutions | 8.63% | 3.86 | |
| Mutual Funds | 15.23% | 2.08 | |
| Retail Investors | 17.19% | ||
| Others | 0.92% |
Key Indicators
Grindwell Norton Ltd Valuation
Grindwell Norton Ltd in the last 5 years
Lowest (25.38x)
March 24, 2020
Today (74.31x)
July 23, 2024
Industry (86.96x)
July 23, 2024
Highest (86.03x)
July 4, 2024
Earnings and Dividends
Grindwell Norton Ltd Earnings Results
Grindwell Norton Ltd’s net profit fell -3.93% since last year same period to ₹93.18Cr in the Q1 2024-2025. On a quarterly growth basis, Grindwell Norton Ltd has generated 0.62% jump in its net profits since last 3-months.
Read More about Earnings ResultsGrindwell Norton Ltd Dividends May,2024
In the quarter ending March 2024, Grindwell Norton Ltd has declared dividend of ₹17 - translating a dividend yield of 1.24%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Grindwell Norton Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Grindwell Norton Ltd (GRINDWELL) share price today is ₹2592.5
Grindwell Norton Ltd is listed on NSE
Grindwell Norton Ltd is listed on BSE
- Today’s highest price of Grindwell Norton Ltd is ₹2620.5.
- Today’s lowest price of Grindwell Norton Ltd is ₹2528.05.
PE Ratio of Grindwell Norton Ltd is 74.31
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 45.26K.
Today’s market capitalisation of Grindwell Norton Ltd(GRINDWELL) is ₹28221.42Cr.
| Grindwell Norton Ltd(GRINDWELL | Price |
|---|---|
52 Week High | ₹2960 |
52 Week Low | ₹1875.2 |
Grindwell Norton Ltd(GRINDWELL) share price is ₹2592.5. It is down -12.42% from its 52 Week High price of ₹2960
Grindwell Norton Ltd(GRINDWELL) share price is ₹2592.5. It is up 38.25% from its 52 Week Low price of ₹1875.2
| Grindwell Norton Ltd(GRINDWELL | Returns |
|---|---|
1 Day Returns | 43.6% |
1 Month Returns | -7.04% |
3 Month Returns | 21.2% |
1 Year Returns | 18.56% |