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  • Overview
  • Key Ratios
  • Financials
  • Shareholding
  • Company Info
  • Peer Comparison
Overview
  • Overview
  • Key Ratios
  • Financials
  • Shareholding
  • Company Info
  • Peer Comparison

Grindwell Norton Ltd Abrasives And Grinding Wheels

  • MNC Asc-StGobain
  • BSE Code : 209.0
  • ISIN : INE536A01023
1,955.20 104 (5.62%)
  • As on 30 Oct 2026 (EOD)

  • Today’s Low

    1,827.20

  • Today’s High

    1,988.60

  • Open

    1,865.00

  • Perv Close

    1,851.20

  • 52W Low

    1,329.00

  • 52W High

    2,455.00

Key Indicators

  • P/E(TTM)

    49.87

  • Mar.Cap (₹Cr.)

    21,647.97

  • Div & Yield %

    0.97

  • Book Value(₹)

    227.26

  • Debt-Equity Ratio

    5.62

  • AGM Date

    29-Oct-2026

  • EPS

    39.17

  • P/E Ratio

    49.87

Financials Ratios

  • Debt-Equity Ratio

    0.03

  • Mar.Cap (₹Cr.)

    21,647.97

  • RONW (%)

    19.92

  • ROCE (%)

    25.23

Score Board

  • Equity (₹ in Cr.)

    55.36

  • BV (₹)

    227.30

  • Sales( ₹ in Cr.)

    3,025.87

  • NP (in Cr.)

    384.24

  • NP Var(%)

    14.0

  • Div%

    380.0

  • CPS (₹)

    43.90

  • EPS (₹)

    34.70

  • Traded Value (₹ in Lakhs)

    21,627.49

  • 52 Week High

    2,455.00

  • 52 Week Low

    1,329.00

  • Price BSE

    1953.0

  • Price NSE

    1,955.00

  • Market Capital( in Cr.)

    21,627.49

  • P/C Ratio

    44.40

  • P/E Ratio

    56.30

  • Price Vs.BV

    34.70

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Financials

All Values are in (₹Cr)
Particulars(INCOME) 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar
INCOME :            
Sales Turnover 3,025.87 2,737.36 2,651.68 2,523.76 2,005.62 1,632.90
Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 3,025.87 2,737.36 2,651.68 2,523.76 2,005.62 1,632.90
Other Income 94.92 79.86 68.31 56.01 53.06 50.97
Stock Adjustments -19.22 -27.00 9.62 24.51 72.05 -31.55
Total Income 3,101.57 2,790.22 2,729.61 2,604.28 2,130.73 1,652.32
EXPENDITURE :            
Raw Materials 1,399.06 1,226.74 1,206.55 1,190.27 969.71 700.92
Power and Fuel Cost 108.65 119.91 114.13 107.39 77.88 58.53
Employee Cost 346.86 333.77 322.91 294.44 248.12 205.42
Other Manufacturing Expenses 124.02 111.47 110.51 99.89 80.07 68.21
Selling and Administration Expenses 324.26 304.98 293.75 274.83 243.22 198.82
Miscellaneous Expenses 139.00 116.15 101.18 80.97 56.91 45.65
Employee Benefit Expenses 346.86 333.77 322.91 294.44 248.12 205.42
Less: Preoperative Expenditure 0.00 0.00 0.00 0.00 0.00 0.00
Total Expenses 2,441.85 2,213.03 2,149.02 2,047.79 1,675.91 1,277.55
Operating Profit 659.72 577.20 580.58 556.48 454.83 374.77
Interest 7.82 8.65 6.92 7.53 3.96 3.24
Gross Profit 651.90 568.55 573.66 548.95 450.87 371.53
Depreciation 102.28 89.91 68.83 58.11 51.24 51.89
Profit Before Tax 549.62 478.64 504.83 490.84 399.63 319.64
Current Tax 136.86 114.21 121.73 127.02 107.80 78.74
Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.16 3.60 2.38 -2.09 -6.18 -1.18
Reported Net Profit 412.60 360.83 380.72 365.91 298.00 242.07
Extraordinary Items 28.36 23.24 14.55 13.78 14.06 17.14
Adjusted Net Profit 384.24 337.59 366.17 352.13 283.94 224.93
Adjustment below Net Profit 0.49 -4.30 1.16 -0.84 -2.50 -1.92
P & L Balance brought forward 1,558.64 1,390.34 1,169.00 936.79 746.47 589.37
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 188.22 188.22 160.54 132.86 105.18 83.04
P & L Balance carried down 1,783.51 1,558.64 1,390.34 1,169.00 936.79 746.47
Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Equity Dividend (%) 380.00 340.00 340.00 290.00 240.00 190.00
Dividend Per Share(Rs) 19.00 17.00 17.00 14.50 12.00 9.50
Earnings Per Share-Unit Curr 37.27 32.59 34.39 33.05 26.91 21.86
Earnings Per Share(Adj)-Unit Curr 37.27 32.59 34.39 33.05 26.91 21.86
Book Value 227.26 202.31 184.94 162.66 140.87 122.26
Book Value(Adj)-Unit Curr 227.26 202.31 184.94 162.66 140.87 122.26

Shareholding Pattern

  • Promoter Group

    58.03%

  • Public Share Holding

    41.97%

Category of Shareholder No of Shares % Holdings Demat Shares Shareholders
A]. Promoter & Group
Foreign (Promoter & Group) - Bodies Corporate 56,828,000 51.33 56,828,000 2
Foreign (Promoter & Group)-Individuals (Non-Resident / Foreign) 0 0.00 0 0
Foreign Promoter(Institutional) 0 0.00 0 0
Promoter Others 0 0.00 0 0
Sub Total 56,828,000 51.33 56,828,000 2
[2] INDIAN
Bodies Corporate-Indian (Promoter & Group) 300,000 0.27 300,000 1
Government(Central / State)-Indian (Promoter & Group) 0 0.00 0 0
Directors & their Relatives-Indian (Promoter & Group) 0 0.00 0 0
Financial Institutions / Banks-Indian (Promoter & Group) 0 0.00 0 0
Individuals / Hindu Undivided Family-Indian (Promoter & Group) 7,126,259 6.44 7,126,259 8
Partnership Firms-Indian (Promoter & Group) 0 0.00 0 0
Persons Acting in Concert 0 0.00 0 0
Trusts 0 0.00 0 0
Others 0 0.00 0 0
Sub Total 7,426,259 6.71 7,426,259 9
Total ShareHolding for Promoter & Group
B]. Publice Share Holding
1] Institution
Government(Central / State) 0 0.00 0 0
Clearing Members 0 0.00 0 0
Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
Financial Institutions / Banks 3,200 0.00 400 5
Foreign Bank 0 0.00 0 0
Foreign Bodies Corporate/OCBs/FBC 0 0.00 0 0
Foreign Collaborators 0 0.00 0 0
Foreign Institutional Investors 5,916,128 5.34 5,914,928 151
Foreign Venture Capital Investors 0 0.00 0 0
Foreign Institution Other 0 0.00 0 0
Insurance Companies 1,182,132 1.07 1,182,132 4
Mutual Funds / UTI 20,564,834 18.57 20,564,834 20
Individuals (Non-Resident / Foreign) 0 0.00 0 0
NSDL Intransit 0 0.00 0 0
Others 26,636 0.02 26,636 3
Trusts 0 0.00 0 0
Venture Capital Funds 0 0.00 0 0
Sub total 27,692,930 25.01 27,688,930 183
2] Non Institution
Bodies Corporate 1,448,297 1.31 1,447,697 273
Clearing Members 3,546 0.00 3,546 12
Directors of their Relatives 1,050 0.00 1,050 2
Employees 0 0.00 0 0
Escrow Account 0 0.00 0 0
Foreign Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
NRIs/Foreign Individuals/Foreign Nationals 951,980 0.86 951,980 1,263
Foreign Non Institution Other 0 0.00 0 0
Hindu Undivided Families 1,178,807 1.06 1,178,807 872
Indian Public 0 0.00 0 0
Individuals holding nominal share capital in excess of Rs. 1 lakh 6,702,487 6.05 6,702,487 27
Individuals holding nominal share capital up to Rs. 1 lakh 5,954,046 5.38 5,665,296 41,469
Market Maker 0 0.00 0 0
NSDL Transit 0 0.00 0 0
Shares in transit 0 0.00 0 0
Societies 0 0.00 0 0
Trust & Foundation 1,277,821 1.15 1,277,821 8
Others 315,163 0.28 315,163 1
Sub Total 18,772,811 16.96 18,483,461 43,947
Total Public Shareholding
C]. Shares held by Custodians and against which Depository Receipts have been issued
ADR 0 0.00 0 0
GDR 0 0.00 0 0
Other Custodians 0 0.00 0 0
Total Shares held by Custodians and against which Depository Receipts have been issued 0 0.00 0 0
Grand Total ( A + B + C ) 110,720,000 100.00 110,426,650 44,141

Company Background

Grindwell Norton LtdAbrasives And Grinding Wheels

  • Grindwell Norton Ltd
  • BSE Code : 209.0
  • ISIN : INE536A01023

  • Incorporation Year

    1950

  • Registered Office

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

  • Telephone

    91-22-40212121

  • FAX

    91-22-40212102

  • Chairman

    SUBODH SATCHITANAND NADKARNI

  • Managing Director

    Venugopal Shanbhag

  • Company Secretary

    GIRISH THANWARDAS SHAJANI

  • Auditor

    Kalyaniwalla & Mistry LLP

  • Face Value

    5

  • Listing

    NSE

  • Registrar

    TSR Consultants P Ltd
    C-101 1st Floor,
    247 Park Vikhroli W,Lal Bahadur Marg
    Mumbai - Mumbai - 400 083

Grindwell Norton Ltd Peer Comparison

Profit & Loss
Financial Ratios
Balance Sheet
Select Company Name LTP (₹) Revenue Sales P/E Ratio ROCE %
Grindwell Norton 1,953.35 3,120.79 3,025.87 49.87 22.30
Ingersoll-Rand 3,937.95 1,430.80 1,392.37 46.47 54.91
Carborundum Uni. 1,084.65 3,201.04 3,062.54 57.54 19.06
Graphite India 747.30 2,979.00 2,812.05 52.89 6.31
Elgi Equipments 511.30 2,428.70 2,342.90 45.73 24.70
Elecon Engg.Co 437.30 2,091.64 2,016.04 33.59 22.26
Intl. Combustion 406.20 294.67 293.40 -17.82 0.48
Panasonic Carbon 384.95 67.49 54.74 9.62 16.80
HEG Advanced Materials 243.15 2,660.47 2,568.50 36.73 5.75
Greaves Cotton 187.55 2,409.59 2,364.56 22.60 19.09
Batliboi 84.66 304.45 296.58 -1,693.20 1.71