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Grindwell Norton Ltd share Price Today

Company details

2,528.05
2,620.50
1,875.20
2,960.00
6M Return 10.80%
1Y Return 19.63%
Mkt Cap.(Cr) 28,704.16
Volume 45,263
Div Yield 0.67%
OI
-
OI Chg %
-
Volume 45,263

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Strong set of numbers amid challenging environment
About The Stock

    Grindwell Norton (GNL) is the market leader in the India abrasive market with ~26% market share. The segments include abrasives (contributing ~57%), ceramics & plastics (33%) and IT services & others (10%).  GNL has witnessed strong & positive free cash flows consistently over more than a decade irrespective of the macro environment  It has consistently operated with high (>16%) margins & return ratios

Q4FY22

    GNL reported a decent set of Q4FY22 numbers.  Revenues came in at ₹ 558.9 crore, up 9.8% YoY owing to better demand  EBITDA in Q4FY22 came in at ₹ 123.6 crore, up 9.4% YoY with margins at 22.1% with improved gross margins  Consequently, PAT grew 12.5% YoY to ₹ 90.6 crore

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Research view on more stocks

Grindwell Norton Ltd shares SWOT Analysis

Strengths (8)

  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters
  • Increasing profits every quarter for the past 2 quarters

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 2,632.7
R2 2,672.8
R3 2,725.1
Pivot

2,580.35

S1 2,540.2
S2 2,487.9
S3 2,447.8
EMA SMA
2,678.4
2,592.4
2,451.9
2,319.3
2,739.8
2,613.7
2,332.2
2,262.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SBI MUTUAL FUND Bulk Purchase 2023-12-20 2160.25 1213384 NSE
SBI MUTUAL FUND Bulk Sell 2023-12-20 2160.25 1213230 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 2045.9 119090 BSE
Name Category Shares
Vera Anand Mahajan PROMOTER 1.71%
Khursheed M Narang PROMOTER 1.34%
Ashaita Mahajan PROMOTER 0.95%
Danesh M Narang PROMOTER 0.95%
Aakil Anand Mahajan PROMOTER 0.9%
Saint Gobain Abrasives Inc PROMOTER 26.77%
Spafi-Societe De Participations Financieres Et Industrielles PROMOTER 24.56%

OUR RESEARCH VIEW

Investment recommendation
Strong set of numbers amid challenging environment
Call Date
09 May 2022
Entry Price 1,656.00
Target Price 1,910.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Grindwell Norton Ltd Stocks COMPARISON

Financials( in Cr) Grindwell Norton Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Jupiter Wagons Ltd
Price 2,592.50 3,541.35 4,940.05 1,717.15 646.00
% Change -6.98 -12.19 -7.26 2.57 -6.08
Mcap Cr 28,704.16 98,166.22 58,863.66 32,670.15 27,422.57
Revenue TTM Cr 2,686.77 9,000.20 9,323.46 4,702.19 3,643.73
Net Profit TTM Cr 383.96 1,720.58 643.19 476.18 331.02
PE TTM 75.54 58.43 99.76 70.55 82.83
1 Year Return 19.63 87.05 116.03 45.17 274.28
ROCE 25.23 33.77 17.87 20.35 31.51
ROE 19.92 27.82 15.48 16.02 27.36
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,055.27 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 7,979.66 51,130.08
LAST 3M 85,790.28 63,355.68
LAST 6M 176,360.83 62,258.99
LAST 12M 304,634.27 91,810.54
Grindwell Norton Limited - Other General Purpose

Jul 24, 2024 l NSE Announcement

Grindwell Norton Limited - Loss of Share Certificates

Jul 22, 2024 l NSE Announcement

Grindwell Norton Limited - Loss of Share Certificates

Jul 19, 2024 l NSE Announcement

Date Action Type Ratio
Jul 09, 2024 Dividend 340
Aug 04, 2023 Dividend 290
Jul 19, 2022 Dividend 240

Grindwell Norton Ltd Information

Stock PE (TTM)
75.54
Promoter Holding
58.03%
Book Value
185.3253
ROCE
25.23%
ROE
19.92%
Description
  • Grindwell Norton Limited is an India-based company engaged in manufacturing and marketing abrasives, including bonded, coated, non-woven, super abrasives, and thin wheels. The company also manufactures and markets refractories and plastic products. The company’s business activities are divided into two segments—abrasives, and ceramics and plastics. The company was incorporated in 1950 as a non-government company in Maharashtra. As of 2 November 2022, the market capitalisation of the company was Rs 23,390 crore.

    The company is registered on the NSE and the BSE under the codes GRINDWELL and 506076, respectively.

    The company’s top products in the abrasives segment include wheels and segment sticks used for lapping, honing, race grinding, thread grinding, fluting, and surface grinding. The company’s top products in the ceramics and plastics segment include silicon carbide, high-performance refractories, wear parts, fused-cast ceramics, and custom-made polymer products. For the financial year 2021-2022, the company reported consolidated sales of Rs 2,012 crore with a net profit of Rs 296 crore.

    The shareholding pattern of the company in September 2022 reflected that a 58.08% stake in the company was held by promoters, a 19.24% stake was held by retail investors, a 14.19% stake was invested in mutual funds, a 7.52% stake was held by foreign institutional investors, and the remaining 0.67% stake was held by other domestic institutions. The top mutual funds in which the company has invested include Tata Infrastructure Direct Growth Plan, L&T Emerging Business Direct Growth Fund, L&T Infrastructure Direct Growth Fund, and Sundaram Infrastructure Advantage Direct Growth Fund.

    On 2 November 2022, the shares of Grindwell Norton Limited were trading at Rs 2,125.00 per share at the NSE and Rs 2,171.15 per share at the BSE. The 52-week high and 52-week low prices of this share at the NSE were 2,328.25 and Rs 1,451.00, respectively. The Grindwell Norton Limited shares have given a one-year return of 29.24% and a six-month return of 30.78%. The top peers of the company include Wendt, Carborundum, Cummins India, Thermax, and Bharat Dynamics.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Leela Business Park 5th level, Andheri-Kurla Rd Andheri(East), Mumbai, Maharashtra, 400059

Tel : 91-22-40212121
Email : sharecmpt.gno:saint-gobain.com
Website : http://www.grindwellnorton.co.in
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 506076
NSE Code : GRINDWELL
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE536A01023

FAQ’s on Grindwell Norton Ltd Shares

You can buy Grindwell Norton Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Grindwell Norton Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 24, 2024 03:53 PM the closing price of Grindwell Norton Ltd was Rs.2,592.50.

The latest PE ratio of Grindwell Norton Ltd as of Jul 24, 2024 03:53 PM is 75.54

The latest PB ratio of Grindwell Norton Ltd as of Jul 24, 2024 03:53 PM is 0.07

The 52-week high of Grindwell Norton Ltd share price is Rs. 2,960.00 while the 52-week low is Rs. 1,875.20

According to analyst recommendations, Grindwell Norton Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 24, 2024 03:53 PM, the market cap of Grindwell Norton Ltd stood at Rs. 28,704.16 Cr.

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