Grindwell Norton Ltd Share Price

Abrasives and Grinding Wheels

NSE: GRINDWELL Small Cap ISIN: INE536A01023
As on 26 December 2024 at 17:51 IST
As on 26 December 2024 at 17:51 IST
1,958.55
-27.95
(-1.41%)
Over 1 Month
-5.49%
Over 6 Months
-27.55%
Over 1 Year
-9.98%
Over 3 Years
11.43%

Grindwell Norton Ltd Summary

Close 1,958.55
Open 1,999
High 2,004.30
Low 1,953
Volume 24,142
Net Turnover (in ₹) 3,49,19,170.70
52 Week High 2,960
52 Week Low 1,875.20
52Wk High / Low
1,875.20
2,960

Grindwell Norton Ltd Key Financial Data

Market Cap (in ₹ Cr) 21,994.53
EPS (TTM) 33.56
Book Value (BV) 184.82
Div. Yield 0.86
P/E (TTM) 59.10
Price/Book Value 10.73
Delivery % 58.21
Face Value 5

Grindwell Norton Ltd Key Ratios

P/E ratio 55.22
P/B ratio 10.27
EV to Sales 7.88
PEG Ratio 13.62
ROA 17.50
ROE 19.78
Debt-Equity 0.03
Net Profit Margin 14.36
Operating Profit Margin 21.89

Grindwell Norton Ltd Peer Comparison

Company LTP Market Cap (in ₹ Cr)
Grindwell Norton Ltd ₹1,983.55 ₹21,961.87
Cummins India Ltd ₹3,373.80 ₹93,521.74
Thermax Ltd ₹4,440 ₹52,905.40
Jyoti CNC Automation Ltd ₹1,349.65 ₹30,694.16
Carborundum Universal Ltd ₹1,290.75 ₹24,569.23
Jupiter Wagons Ltd ₹519.80 ₹22,065.41

Grindwell Norton Ltd News

Volumes soar at Grindwell Norton Ltd counter

Grindwell Norton Ltd recorded volume of 1.48 lakh shares by 10:47 IST on BSE, a 56.13 times surge over two-week average daily volume of 2642 shares

31 Oct 2024

Grindwell Norton to conduct board meeting

On 30 October 2024

15 Oct 2024

Board of Grindwell Norton appoints Subodh Nadkarni as Chairman

At meeting held on 18 July 2024

18 Jul 2024

Grindwell Norton Q1 PAT slips 4% YoY to Rs 93 cr

The abrasive products company reported 3.92% decline in consolidated net profit to Rs 93.18 crore in Q1 FY25 as against Rs 96.99 crore recorded in Q1 FY24.

18 Jul 2024

Board of Grindwell Norton accepts cessation of director

On 18 July 2024

18 Jul 2024

Grindwell Norton Ltd Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Revenue2,719.992,579.762,058.681,683.871,598.52
Total Expenses2,211.962,088.921,659.061,364.241,359.15
Profit Before Tax504.83490.85399.62319.64239.37
Profit After Tax380.72365.91298242.07182.95
Operating Profit after Depreciation514.95498.37403.58322.88243.65

Balance Sheet

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Fixed Assets731.20570.29366.49348.10360.44
Total Non Current Assets1,187.801,028.44739.25613.32598.57
Total Current Assets1,555.021,352.601,353.531,229.30969.44
TOTAL ASSETS2,742.822,381.042,092.781,842.621,568.01
Total Shareholder's Fund2,051.051,804.361,563.041,357.061,176.67

Cash Flow

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Net Cash from Operating Activities363.93398.40185.52330.74307.08
Net Cash used in Investing Activities-175.87-257.13-55.22-225.47-437.16
Net Cash used in Financing Activities-173.77-139.78-113.53-94.69-93.07

Grindwell Norton Ltd Corporate Actions

Grindwell Norton Ltd

₹17/Share

Announcement Date 09 Jul 2024
Record Date 10 Jul 2024
Div Yield 340%

About Grindwell Norton Ltd

Grindwell Norton Ltd. (GNO) is a leading manufacturer of abrasives, ceramics, and performance plastics. The company operates in industrial manufacturing, providing high-quality and versatile products, which are designed for various industrial applications. GNO’s extensive range includes grinding wheels, super abrasives, and non-woven abrasives. Additionally, the company produces high-performance refractories, silicon carbide, and other advanced materials.

Founded in 1941, Grindwell Norton Ltd. has over years of experience in the industry. The company’s headquarters are located in Mumbai, Maharashtra, India. In 1990, GNO became a part of the Saint-Gobain Group, a global leader in light and sustainable construction. This partnership has enabled GNO to enhance its offerings and expand its reach worldwide. The company's promoters include Saint Gobain Abrasives Inc. with a 26.77% stake.

The registered office of Grindwell Norton Ltd. is in Andheri, Mumbai, and the registrar's office is in Vikhroli, Mumbai. A team of managerial promoters manages the operations of the company. They are
  • Keki Elavia
  • B Santhanam
  • Aakil Anand Mahajan
  • David Eric Molho
  • Jean-Claude Lasserre

GNO’s main products span several categories. In the abrasives segment, the company offers a wide range of grinding wheels, coated abrasives, and super abrasives. The ceramics segment includes high-performance refractories and silicon carbide products. The performance plastics segment features advanced materials used in various industrial applications.

While Grindwell Norton Ltd. is a significant player in the industrial manufacturing sector, it is not currently the number one stock in its sector. However, it holds a strong market position with a substantial share in the Indian and international markets.

Grindwell Norton Ltd. is a leading company in the industrial manufacturing sector. It is known for its wide range of products and strong presence in the market. With years of experience, the company keeps growing and improving its services.

Importance of Grindwell Norton Limited

Grindwell Norton Ltd. (GNO) plays a vital role in industrial manufacturing. It specializes in making abrasives, ceramics, and performance plastics. The company is essential because it offers a wide variety of products for different industrial uses. These products are vital for grinding and finishing processes, making GNO an essential part of the manufacturing industry.

One of the primary reasons for GNO’s importance is its role in the abrasives market. Abrasives are vital for numerous automotive, aerospace, construction, and metalworking industries. GNO’s high-quality abrasives ensure precision and efficiency in these industries. This contributes to the production of high-performance products. The company's grinding wheels and super abrasives are known for their durability, which helps manufacturers achieve excellent results.

GNO’s impact extends to the ceramics sector as well. The company produces high-performance refractories and silicon carbide products used in high-temperature applications. These materials are essential for steel, glass, and cement industries, providing thermal insulation and resistance to wear and corrosion. GNO’s ceramics products improve the efficiency and longevity of industrial processes. This reduces downtime and maintenance costs.

Innovation is a crucial aspect of GNO’s operations. The company invests in research and development to create new materials and enhance its products. This emphasis on innovation keeps GNO at the leading edge of technological advancements. It is particularly significant in the abrasives and ceramics industries. The company’s R&D efforts have resulted in new products that improve performance and sustainability. These innovations meet the changing needs of its customers.

Sustainability is another crucial area where GNO makes a significant impact. The company is committed to reducing its environmental footprint through various initiatives. These include optimizing production processes to minimize waste, using eco-friendly materials, and implementing energy-efficient technologies. GNO’s focus on sustainability aligns with global efforts to promote environmentally responsible manufacturing practices.

Employment generation is a significant contribution of Grindwell Norton Ltd. The company provides jobs to thousands of people across its manufacturing facilities and offices. These employment opportunities range from entry-level to skilled technical roles, offering career growth and development. GNO’s role as an employer supports local economies and contributes to the overall well-being of communities.

GNO’s importance is also evident in its contribution to the supply chain ecosystem. The company sources raw materials from various suppliers, supporting local businesses and industries. This creates a ripple effect, benefiting multiple sectors of the economy. Additionally, GNO’s commitment to quality ensures that suppliers adhere to high standards, promoting better practices across the supply chain.

The company’s financial performance has a significant impact on the market. GNO’s strong financial position and consistent growth have instilled confidence among investors and stakeholders. The company’s ability to generate profits and maintain a healthy balance sheet allows it to invest in new initiatives, expand its operations, and enhance its product offerings. This financial stability is crucial for long-term success and sustainability.

Grindwell Norton Ltd. also plays a crucial role in developing infrastructure in its operating regions. The company’s investments in manufacturing facilities and other infrastructure projects have positively impacted local communities.

GNO’s focus on customer satisfaction is another critical aspect of its operations. The company aims to build long-term customer relationships by providing high-quality products and exceptional service. This involves understanding customers' needs and preferences. The company incorporates their feedback into product development.

Grindwell Norton Ltd Stock Analysis

  1. Annual revenue for Grindwell Norton Ltd increased by 5.44% to ₹2,719.99 crore in FY 2024 from ₹2,579.76 crore in FY 2023.
  2. Annual Net Profit for Grindwell Norton Ltd increased by 4.05% to ₹380.72 crore in FY 2024 from ₹365.91 crore in FY 2023.
  3. Promoter Shareholding in Grindwell Norton Ltd remains unchanged by 0.00% in the most recent quarter, from 58.03% in June 2024 to 58.03% in September 2024.
  4. Grindwell Norton Ltd delivered a 1-year return of -9.98% compared to the Nifty 50, which provided a return of 10.66% as of the last trading session.
  5. Grindwell Norton Ltd share price moved down by 1.41% from its previous close of INR ₹1,986.50. The latest Grindwell Norton Ltd share price is INR ₹1,958.55.
  6. Grindwell Norton Ltd share price today has been at a low of 1,953 and a high of 2,004.30. Over the past 52 weeks, the Grindwell Norton Ltd share price has seen a low of 1,875.20 and a high of 2,960.

FAQ’s

What is the share price of Grindwell Norton Ltd today?

Grindwell Norton Ltd share price as on 26 Dec 2024 is ₹ 1958.55

What is the Market Cap of Grindwell Norton Ltd?

The market cap of Grindwell Norton Ltd stock is ₹21,994.53 Cr.

What is the PE Ratio of Grindwell Norton Ltd?

The Price to Earnings (P/E) Ratio of Grindwell Norton Ltd is 55.22

What is the PB Ratio of Grindwell Norton Ltd?

The Price to Book (P/B) Ratio of Grindwell Norton Ltd is 10.27

What is the 52 week high of Grindwell Norton Ltd Share Price?

The 52 week high of Grindwell Norton Ltd share price stands at ₹2,960

What is the 52 week low of Grindwell Norton Ltd Share Price?

The 52 week low of Grindwell Norton Ltd share price stands at ₹1,875.20

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