Grindwell Norton Ltd (GRINDWELL)
₹1,878.60
Mkt cap
₹20,800 Cr
P/E ratio
45.00
P/B
7.99
Div yield
1.01%
ROE
16.20%
ROCE
21.20%
EPS (TTM)
₹41.75
Book value
₹235
52W range
1,329–2,455
Sector
Industrials
Price history
Previous close
Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]
NSE GRINDWELLBSE 506076
Health check
Constructive
ValuationFair
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−23.48% from high₹1,879
₹1,329+41.35% from low₹2,455
Current
₹1,878.60
Prev close
₹1,955.20
Day
−3.92%
Price performance
1D
−3.68%
1W
+1.97%
1M
−1.74%
3M
−10.40%
6M
+18.29%
1Y
+15.05%
YTD
+20.59%
Financials
Revenue, profit & margin
P/E ratio
45.0×
GRINDWELL is 6% below the sector median of 47.8×
GRINDWELL45.0×
Sector median47.8×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 | 884 | |
| Expenses | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 | 717 | |
| Operating Profit | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 | 166 | |
| OPM % | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% | 18% | 18% | 19% | 20% | 19% | |
| Other Income | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 | 40 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | |
| Depreciation | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 | 27 | |
| Profit before tax | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 | 178 | |
| Tax % | 24% | 25% | 23% | 26% | 24% | 24% | 24% | 25% | 25% | 26% | 24% | 25% | 25% | |
| Net Profit | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 | 133 | |
| EPS in Rs | 9.20 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.60 | 10.72 | 10.43 | 11.99 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.13% · closed higher next day 28 of last 56
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q1FY26 | Q2FY26† | Q3FY26† | Q4FY26† | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 8 Nov '23◦ | 3 Feb '24◦ | 6 May '24◦ | 18 Jul '24◦ | 30 Oct '24◦ | 13 Feb '25◦ | 25 Jul '25 | 30 Oct '25◦ | 6 Feb '26 | 9 May '26◦ | 24 Jul '26◦ | 29 Oct '26◦ |
| Earnings day | −2.90% | −1.91% | −1.30% | −1.80% | +2.89% | −2.86% | −6.67% | +6.53% | −1.83% | +6.75% | +0.15% | −3.68% |
| +1 day | −4.33% | −1.00% | −1.72% | −3.74% | +2.36% | −5.31% | −8.53% | +7.35% | −0.93% | +6.05% | +1.58% | — |
| +5 days | −2.00% | −2.24% | +2.41% | −2.23% | +0.49% | −8.61% | −13.25% | +1.81% | −1.98% | +10.19% | +3.79% | — |
| +15 days | −0.63% | −5.55% | +8.84% | −8.57% | −3.67% | −3.02% | −15.93% | −3.38% | −0.38% | +10.34% | +7.55% | — |
| +30 days | +2.18% | −15.71% | +24.88% | −7.96% | +2.97% | +1.37% | −9.05% | +0.54% | −18.25% | +26.15% | −3.91% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 19 Per Share | 19.00 | 10 Jul '26 | 10 Jul '26 |
Shareholding
as of Sep 202658.04%Promoter
Promoters58.04%
FIIs5.34%0.13
DIIs19.66%0.07
Public16.95%0.22
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Timken India | ₹2,852.00 | 49.22 | 21,452 | 0.09% | 116 | +29.72% | 969 | +25.40% | 18.26% |
| Grindwell Norton | ₹1,878.60 | 45.01 | 20,800 | 1.01% | 133 | +24.16% | 884 | +14.06% | 21.18% |
| Carborundum Uni. | ₹1,030.30 | 78.27 | 19,628 | 0.39% | 80 | +23.44% | 1,427 | +17.03% | 10.52% |
| SKF India Indus. | ₹2,368.40 | 30.46 | 11,709 | 0.84% | 62 | −13.84% | 971 | +18.30% | 29.89% |
| SKF India | ₹1,394.60 | 46.43 | 6,895 | 2.87% | 62 | +32.31% | 588 | +27.09% | 13.33% |
| Wendt India | ₹6,761.00 | 68.50 | 1,352 | 0.44% | 5 | +103.33% | 73 | +28.15% | 7.82% |
| Galaxy Bearings | ₹943.35 | 40.81 | 300 | 0.00% | 1 | +169.30% | 23 | +52.91% | 5.24% |
| Median: 8 Co. | ₹1,636.60 | 47.83 | 9,302 | 0.42% | 62 | +26.94% | 736 | +21.85% | 12.36% |
Filings
Annual reports15
Concall transcripts11
Credit ratings1
Announcements5
Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026, Along With The Limited Review Reports 29 Oct - Board approved unaudited Q2/H1 FY26 results on Oct 29, 2026; standalone profit ₹131.4 crore, consolidated ₹133.2 crore.Board Meeting Outcome for The Meeting Held On October 29, 2026 29 Oct - Board approved Q2/H1 FY27 results on Oct. 29, 2026; consolidated net profit ₹133.17 crore.Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026 19 Oct - Board meeting on October 29, 2026 to approve Q2 and half-year FY27 unaudited results.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Oct - Regulation 74(5) certificate filed for quarter ended September 30, 2026.Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Sep - Please find attached the Newspaper Advertisements regarding Special Window for transfer requests and dematerialisation of physical shares