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Grindwell Norton Ltd Share Price (GRINDWELL)

₹2034.352.07%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Grindwell Norton Ltd share Performance

  • ₹2012.5
    ₹2090.15
    ₹2034.35
    downward going graph

    1.07%

    Low

    Day's Volatility:3.82%

    High

    2.74%

    downward going graph
  • ₹1820
    ₹2495
    ₹2034.35
    downward going graph

    10.54%

    Low

    52 Weeks Volatility:33.18%

    High

    22.64%

    downward going graph
1 Month Return9.14 %
3 Month Return-8.67 %
1 Year Return11.59 %
Previous Close₹2,077.40
Open₹2,090.15
Volume57.16K
Upper Circuit-
Lower Circuit-
Market Cap₹23,000.97Cr

Analyst Rating for Grindwell Norton Ltd stock

based on 6 analysts

HOLD
28.57%
Buy
42.86%
Hold
28.57%
Sell

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

Company Information

Grindwell Norton Ltd (GNO) is an Indian multinational company founded in 1952. It is one of the leading abrasives, ceramics and advanced materials manufacturers in the world. GNO is headquartered in Mumbai and operates in four major business lines: Abrasives, Ceramics, Performance Plastics and Performance Chemicals. The company produces a wide range of products such as grinding wheels, coated abrasives, refractories, engineering plastics, industrial chemicals, and speciality chemicals.

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: ₹2034.35 per share as on 18 Apr, 2024 04:01 PM
Market Capitalisation: ₹23,000.97Cr 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
OrganisationGrindwell Norton Ltd
Headquarters
IndustryCapital Goods-Non Electrical Equipment
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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.

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.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 8.40% to 8.42% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, GRINDWELL stock has moved up by 0.3%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 14.05% to 14.38% in Dec 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 58.03% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Thermax Ltd has given 106.0% return, outperforming this stock by 94.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Thermax Ltd has given 252.5% return, outperforming this stock by 120.2%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 101.89 Cr → 92.16 Cr (in ₹), with an average decrease of 9.6% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 690.1 Cr → 674.4 Cr (in ₹), with an average decrease of 2.3% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    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

  • Overview

  • Trends

Lowest (25.38x)

March 24, 2020

Today (58.95x)

April 16, 2024

Industry (82.76x)

April 16, 2024

Highest (78.62x)

September 8, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
Axis Midcap Fund Direct Plan GrowthAxis Midcap Fund Direct Plan Growth1.13%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct1.12%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.55%
SBI Magnum Global Fund Direct GrowthSBI Magnum Global Fund Direct Growth3.03%
Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth1%

Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
58.03%
0.00
Foreign Institutions
8.42%
0.21
Mutual Funds
14.38%
2.40
Retail Investors
18.09%
-0.92
Others
1.08%
-14.77

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 ₹2034.35

Grindwell Norton Ltd is listed on NSE

Grindwell Norton Ltd is listed on BSE

  • Today’s highest price of Grindwell Norton Ltd is ₹2090.15.
  • Today’s lowest price of Grindwell Norton Ltd is ₹2012.5.

PE Ratio of Grindwell Norton Ltd is 58.95

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 57.16K.

Today’s market capitalisation of Grindwell Norton Ltd(GRINDWELL) is ₹23000.97Cr.

Grindwell Norton Ltd(GRINDWELLPrice
52 Week High
₹2495
52 Week Low
₹1820

Grindwell Norton Ltd(GRINDWELL) share price is ₹2034.35. It is down -18.46% from its 52 Week High price of ₹2495

Grindwell Norton Ltd(GRINDWELL) share price is ₹2034.35. It is up 11.78% from its 52 Week Low price of ₹1820

Grindwell Norton Ltd(GRINDWELLReturns
1 Day Returns
-43.05%
1 Month Returns
9.14%
3 Month Returns
-8.67%
1 Year Returns
11.59%