Grindwell Norton Ltd (GRINDWELL)
₹2,011.60
Mkt cap
₹22,272 Cr
P/E ratio
51.00
P/B
8.78
Div yield
0.94%
ROE
16.20%
ROCE
21.20%
EPS (TTM)
₹39.44
Book value
₹229
52W range
1,353–2,382
Sector
Industrials
Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−15.56% from high₹2,012
₹1,353+48.67% from low₹2,382
Current
₹2,011.60
Prev close
₹2,017.80
Day
−0.31%
Price performance
1D
−0.31%
1W
−5.47%
1M
−9.71%
3M
+24.96%
6M
+31.37%
1Y
+11.21%
YTD
+29.12%
Financials
FRevenue, profit & margin
P/E ratio
51.0×
GRINDWELL is 26% below the sector median of 68.9×
GRINDWELL51.0×
Sector median68.9×
| 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
EResults 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 +0.05% · closed higher next day 27 of last 55
| 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 | 31 Oct '25◦ | 6 Feb '26 | 3 Jun '26◦ | 24 Jul '26◦ |
| Earnings day | −1.90% | −2.90% | −1.91% | −1.30% | −1.80% | +2.89% | −2.86% | −6.67% | −0.98% | −1.83% | +2.91% | — |
| +1 day | +0.59% | −4.33% | −1.00% | −1.72% | −3.74% | +2.36% | −5.31% | −8.53% | −2.21% | −0.93% | +4.88% | — |
| +5 days | +2.29% | −2.00% | −2.24% | +2.41% | −2.23% | +0.49% | −8.61% | −13.25% | −5.68% | −1.98% | +1.51% | — |
| +15 days | −1.26% | −0.63% | −5.55% | +8.84% | −8.57% | −3.67% | −3.02% | −15.93% | −7.39% | −0.38% | +19.34% | — |
| +30 days | −9.90% | +2.18% | −15.71% | +24.88% | −7.96% | +2.97% | +1.37% | −9.05% | −8.11% | −18.25% | +11.77% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 19 Per Share | 19.00 | 10 Jul '26 | 10 Jul '26 |
Results analysis
Shareholding
Sas of Jun 202658.04%Promoter
Promoters58.04%
FIIs5.21%0.35
DIIs19.59%0.41
Public17.17%0.06
Ownership trend
Peers
P7 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 | ₹3,127.00 | 59.04 | 23,521 | 0.08% | 155 | −17.15% | 1,073 | +14.19% | 18.26% |
| Grindwell Norton | ₹2,011.60 | 51.05 | 22,272 | 0.94% | 115 | +22.30% | 803 | +14.19% | 21.18% |
| Carborundum Uni. | ₹1,064.30 | 78.83 | 20,274 | 0.38% | −40 | −17.82% | 1,398 | +14.89% | 10.52% |
| SKF India Indus. | ₹2,731.20 | 36.35 | 13,503 | 0.37% | 119 | −1.93% | 946 | +31.24% | 29.89% |
| SKF India | ₹1,484.80 | 24.83 | 7,341 | 2.69% | −20 | −128.78% | 595 | +20.68% | 13.33% |
| Wendt India | ₹8,074.50 | 95.27 | 1,615 | 0.37% | 6 | +63.49% | 71 | +36.63% | 7.82% |
| Galaxy Bearings | ₹888.75 | 85.38 | 283 | 0.00% | 1 | −73.91% | 21 | −30.45% | 5.20% |
| Median: 8 Co. | ₹1,748.20 | 68.94 | 10,422 | 0.38% | 4 | −17.15% | 699 | +14.89% | 12.36% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bse
Concall transcripts11
Credit ratings1
Announcements5
Shareholder Meeting / Postal Ballot-Outcome of AGM 1hShareholder Meeting / Postal Ballot-Scrutinizer''s Report 2h - Grindwell Norton’s 76th AGM on July 24, 2026 passed four resolutions, including dividend and director reappointment.Outcome Of The Board Meeting - Approval Of Unaudited Financial Results For The Quarter Ended June 30, 2026, Along With The Limited Review Reports 13h - Board approved unaudited standalone and consolidated Q1 FY27 results for quarter ended June 30, 2026.Board Meeting Outcome for Outcome Of The Board Meeting 13h - Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026 14 Jul - Board to meet July 24, 2026 to approve Q1 FY27 unaudited standalone and consolidated results.