Grindwell Norton Ltd share Price

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.

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