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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
1,796.60 16 (0.92%)
  • As on 02 Jun 2025 (EOD)

  • Today’s Low

    1,743.70

  • Today’s High

    1,818.00

  • Open

    1,790.50

  • Perv Close

    1,780.20

  • 52W Low

    1,356.05

  • 52W High

    2,960.00

Key Indicators

  • P/E(TTM)

    55.23

  • Mar.Cap (₹Cr.)

    19,891.96

  • Div & Yield %

    0.94

  • Book Value(₹)

    202.31

  • Debt-Equity Ratio

    0.92

  • AGM Date

    30-May-2025

  • EPS

    32.59

  • P/E Ratio

    55.23

Financials Ratios

  • Debt-Equity Ratio

    0.03

  • Mar.Cap (₹Cr.)

    19,891.96

  • RONW (%)

    19.92

  • ROCE (%)

    25.23

Score Board

  • Equity (₹ in Cr.)

    55.36

  • BV (₹)

    202.30

  • Sales( ₹ in Cr.)

    2,725.03

  • NP (in Cr.)

    360.83

  • NP Var(%)

    -1.0

  • Div%

    340.0

  • CPS (₹)

    40.70

  • EPS (₹)

    32.60

  • Traded Value (₹ in Lakhs)

    19,930.71

  • 52 Week High

    2,960.00

  • 52 Week Low

    1,356.05

  • Price BSE

    1800.0

  • Price NSE

    1,797.00

  • Market Capital( in Cr.)

    19,930.71

  • P/C Ratio

    44.20

  • P/E Ratio

    55.20

  • Price Vs.BV

    32.60

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Financials

All Values are in (₹Cr)
Particulars(INCOME) 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar
INCOME :            
Sales Turnover 2,651.68 2,523.76 2,005.62 1,632.90 1,552.35 1,566.85
Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 2,651.68 2,523.76 2,005.62 1,632.90 1,552.35 1,566.85
Other Income 68.31 56.01 53.06 50.97 46.17 37.67
Stock Adjustments 9.62 24.51 72.05 -31.55 -0.29 29.07
Total Income 2,729.61 2,604.28 2,130.73 1,652.32 1,598.23 1,633.59
EXPENDITURE :            
Raw Materials 1,206.55 1,190.27 969.71 700.92 729.49 756.60
Power and Fuel Cost 114.13 107.39 77.88 58.53 66.53 63.12
Employee Cost 322.91 294.44 248.12 205.42 201.81 189.54
Other Manufacturing Expenses 110.51 99.89 80.07 68.21 73.88 78.73
Selling and Administration Expenses 293.75 274.83 243.22 198.82 192.03 211.74
Miscellaneous Expenses 101.18 80.97 56.91 45.65 36.19 37.06
Employee Benefit Expenses 322.91 294.44 248.12 205.42 201.81 189.54
Less: Preoperative Expenditure 0.00 0.00 0.00 0.00 0.00 0.00
Total Expenses 2,149.02 2,047.79 1,675.91 1,277.55 1,299.93 1,336.80
Operating Profit 580.58 556.48 454.83 374.77 298.30 296.79
Interest 6.92 7.53 3.96 3.24 4.28 1.48
Gross Profit 573.66 548.95 450.87 371.53 294.02 295.31
Depreciation 68.83 58.11 51.24 51.89 54.66 42.22
Profit Before Tax 504.83 490.84 399.63 319.64 239.36 253.09
Current Tax 121.73 127.02 107.80 78.74 65.84 88.45
Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 2.38 -2.09 -6.18 -1.18 -9.42 0.81
Reported Net Profit 380.72 365.91 298.00 242.07 182.95 163.84
Extraordinary Items 14.55 13.78 14.06 17.14 11.51 10.89
Adjusted Net Profit 366.17 352.13 283.94 224.93 171.44 152.95
Adjustment below Net Profit 1.16 -0.84 -2.50 -1.92 -16.24 -10.53
P & L Balance brought forward 1,169.00 936.79 746.47 589.37 489.08 391.13
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 160.54 132.86 105.18 83.04 66.43 55.36
P & L Balance carried down 1,390.34 1,169.00 936.79 746.47 589.37 489.08
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 (%) 340.00 290.00 240.00 190.00 150.00 120.00
Dividend Per Share(Rs) 17.00 14.50 12.00 9.50 7.50 6.00
Earnings Per Share-Unit Curr 34.39 33.05 26.91 21.86 16.52 14.80
Earnings Per Share(Adj)-Unit Curr 34.39 33.05 26.91 21.86 16.52 14.80
Book Value 184.94 162.66 140.87 122.26 105.97 97.86
Book Value(Adj)-Unit Curr 184.94 162.66 140.87 122.26 105.97 97.86

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 7,478,447 6.75 7,477,247 133
Foreign Venture Capital Investors 0 0.00 0 0
Foreign Institution Other 0 0.00 0 0
Insurance Companies 734,837 0.66 734,837 4
Mutual Funds / UTI 19,426,206 17.55 19,426,206 21
Individuals (Non-Resident / Foreign) 0 0.00 0 0
NSDL Intransit 0 0.00 0 0
Others 137,370 0.12 137,370 7
Trusts 0 0.00 0 0
Venture Capital Funds 0 0.00 0 0
Sub total 27,780,060 25.09 27,776,060 170
2] Non Institution
Bodies Corporate 1,443,715 1.30 1,442,915 250
Clearing Members 209 0.00 209 3
Directors of their Relatives 40,800 0.04 40,800 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 893,756 0.81 893,756 1,164
Foreign Non Institution Other 0 0.00 0 0
Hindu Undivided Families 1,161,861 1.05 1,161,861 774
Indian Public 0 0.00 0 0
Individuals holding nominal share capital in excess of Rs. 1 lakh 6,761,048 6.11 6,761,048 27
Individuals holding nominal share capital up to Rs. 1 lakh 5,875,374 5.31 5,503,560 44,370
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 1,280,851 1.16 1,280,851 6
Others 301,023 0.27 301,023 2
Sub Total 18,685,681 16.88 18,313,067 46,629
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 ) 110,720,000 100.00 110,343,386 46,810

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

  • Managing Director

    Venugopal Shanbhag

  • Company Secretary

    K Visweswaran

  • 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 1,800.10 2,719.99 2,651.68 55.23 25.16
Ingersoll-Rand 3,921.10 1,241.20 1,213.69 46.93 50.84
Carborundum Uni. 994.60 2,678.64 2,633.18 58.89 21.10
Intl. Combustion 898.65 298.63 296.78 14.37 26.25
Elecon Engg.Co 664.00 1,639.38 1,599.67 43.83 32.54
Graphite India 546.20 3,185.06 2,894.38 23.61 2.65
Elgi Equipments 535.30 1,911.84 1,843.38 48.44 29.83
HEG 524.15 2,536.57 2,394.90 99.84 7.31
Panasonic Carbon 521.65 61.73 51.31 12.02 16.65
Greaves Cotton 199.50 1,816.88 1,778.59 25.00 18.61
Batliboi 117.73 203.33 195.60 70.08 5.95