Grindwell Norton Ltd (GRINDWELL)
₹1,932.90
Mkt cap
₹21,729 Cr
P/E ratio
49.80
P/B
8.44
Div yield
0.97%
ROE
16.20%
ROCE
21.20%
EPS (TTM)
₹38.81
Book value
₹229
52W range
1,353–2,382
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
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−18.86% from high₹1,933
₹1,353+42.85% from low₹2,382
Current
₹1,932.90
Prev close
₹1,962.50
Day
−1.51%
Price performance
1D
−1.40%
1W
−4.35%
1M
−9.32%
3M
+0.09%
6M
+21.30%
1Y
+21.30%
YTD
+24.07%
Financials
Revenue, profit & margin
P/E ratio
49.8×
GRINDWELL is 24% below the sector median of 65.3×
GRINDWELL49.8×
Sector median65.3×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 668 | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 | |
| Expenses | 534 | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 | |
| Operating Profit | 135 | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 | |
| OPM % | 20% | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% | 18% | 18% | 19% | 20% | |
| Other Income | 15 | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | |
| Depreciation | 17 | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 | |
| Profit before tax | 130 | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 | |
| Tax % | 26% | 24% | 25% | 23% | 26% | 24% | 24% | 24% | 25% | 25% | 26% | 24% | 25% | |
| Net Profit | 97 | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 | |
| EPS in Rs | 8.76 | 9.20 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.60 | 10.72 | 10.43 | |
| 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 +0.20% · closed higher next day 28 of last 56
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q1FY26 | Q2FY26† | Q3FY26† | Q4FY26† | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 14 Aug '23◦ | 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◦ |
| Earnings day | −1.90% | −2.90% | −1.91% | −1.30% | −1.80% | +2.89% | −2.86% | −6.67% | +6.53% | −1.83% | +6.75% | +0.15% |
| +1 day | +0.59% | −4.33% | −1.00% | −1.72% | −3.74% | +2.36% | −5.31% | −8.53% | +7.35% | −0.93% | +6.05% | +1.58% |
| +5 days | +2.29% | −2.00% | −2.24% | +2.41% | −2.23% | +0.49% | −8.61% | −13.25% | +1.81% | −1.98% | +10.19% | +3.79% |
| +15 days | −1.26% | −0.63% | −5.55% | +8.84% | −8.57% | −3.67% | −3.02% | −15.93% | −3.38% | −0.38% | +10.34% | +7.55% |
| +30 days | −9.90% | +2.18% | −15.71% | +24.88% | −7.96% | +2.97% | +1.37% | −9.05% | +0.54% | −18.25% | +26.15% | −3.81% |
| 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 Jun 202658.04%Promoter
Promoters58.04%
FIIs5.21%0.35
DIIs19.59%0.41
Public17.17%0.06
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 | ₹3,125.30 | 57.44 | 23,508 | 0.08% | 115 | +10.47% | 929 | +14.87% | 18.26% |
| GRINDWELL | ₹1,962.50 | 49.80 | 21,729 | 0.97% | 115 | +22.30% | 803 | +14.19% | 21.18% |
| CARBORUNIV | ₹1,130.60 | 85.89 | 21,539 | 0.35% | 80 | +23.44% | 1,427 | +17.03% | 10.52% |
| SKFINDUS | ₹3,002.50 | 38.61 | 14,844 | 0.67% | 62 | −13.84% | 971 | +18.30% | 29.89% |
| SKFINDIA | ₹1,553.20 | 51.70 | 7,679 | 2.58% | 62 | +32.31% | 588 | +27.09% | 13.33% |
| WENDT | ₹8,160.00 | 96.28 | 1,632 | 0.37% | 6 | +63.49% | 71 | +36.63% | 7.82% |
| GALXBRG | ₹853.45 | 73.15 | 271 | 0.00% | 3 | +15.44% | 16 | −5.57% | 5.24% |
| Median: 8 Co. | ₹1,757.85 | 65.30 | 11,261 | 0.52% | 62 | +18.87% | 696 | +15.95% | 12.36% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts11
Credit ratings1
Announcements5
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 3 Sep - Grindwell Norton received ESG rating 64 for FY 2025-26NSRAL.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug - Grindwell Norton schedules one-on-one meetings with Aberdeen Investments and SBI Mutual Fund on September 4, 2026.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Aug - Please find attached the intimation of Analyst/Institutional Investor MeetingAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Aug - Grindwell Norton to hold one-on-one analyst meeting with Dolat Capital on August 20, 2026 in Mumbai.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Aug - Aditya Birla Sun Life Mutual Fund meeting with Grindwell Norton on August 11, 2026.