Grindwell Norton
- Market cap
- ₹ 20,572 Cr.
- P/E
- 46.9x
- P/B
- 8.2x
- 52-week range
- 1,329 – 2,455
- ROE
- 16%
- ROCE
- 21%
- Dividend yield
- 1%
- Debt / equity
- 0.02
- Sector
- Industrial Products
- Industry
- Abrasives & Bearings
- Listed on
- NSE, BSE
About
Grindwell Norton Limited is an India-based company, which is engaged in the manufacturing of abrasives, performance plastics and refractory products. The Company's segments include abrasives, ceramics and plastics, digital services, and others. The abrasives segment markets and manufactures a full range of bonded abrasives, coated abrasives (including non-woven abrasives), thin wheels and super abrasives. Its performance ceramics and refractories business makes ceramic and refractory products for a wide range of industrial applications. The products manufactured include silicon carbide based shaped refractory and ceramic products. Its performance plastics business produces and markets more than 800 standard and custom-made polymer products through three business divisions: engineered components, life sciences and composites. It provides various digital services, such as application development, infrastructure management, and cybersecurity to the Saint-Gobain group globally.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Abrasives & Bearings: 9 companies →Grindwell Norton against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)46.9 against a typical 60: cheaper than most peers (1st = cheapest).3rd of 8
- Sales growth+14.2% against a typical +14.8% from a year earlier.6th of 9
- Profit growth+22.3% against a typical +13% from a year earlier.3rd of 8
- Share price, 3 months−12.7% against a typical −6.2%.7th of 9
- Size₹ 20,572.3 Cr. market value against a typical ₹ 6,972 Cr. (1st = largest).1st of 9
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 24 Jul 2026 | Financial Results | A meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 24, 2026, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026 |
| 8 May 2026 | Financial Results/Dividend | A meeting of the Board of Directors of the Company is scheduled to be held on Friday, May 8, 2026, inter alia to:1. approve and take on record the audited standalone and consolidated financial results of the Company for the quarter and financial year ended March 31, 2026; and 2. recommend a dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. |
| 6 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 30 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 25 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 9 May 2025 | Financial Results/Dividend | Intimation of Board Meeting for approval of Audited Financial Results of the Company for the quarter and financial year ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 |
| Expenses | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 |
| Operating Profit | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 |
| OPM % | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% | 18% | 18% | 19% | 20% |
| Other Income | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| Tax % | 24% | 25% | 23% | 26% | 24% | 24% | 24% | 25% | 25% | 26% | 24% | 25% |
| Net Profit | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 |
| EPS in Rs | 9.2 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.6 | 10.72 | 10.43 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 13%
- 3 Years
- 7%
- TTM
- 13%
- 10 Years
- 14%
- 5 Years
- 12%
- 3 Years
- 3%
- TTM
- 18%
- 10 Years
- 20%
- 5 Years
- 12%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 18%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Grindwell Norton | ₹ 1,865.00 | ₹ 20,572 Cr. | 46.9x | 8.2x | 16% | — |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
| Borosil Renewables | ₹ 386.35 | ₹ 5,441 Cr. | 25.8x | 5.6x | 10.3% | 8.2% |
Management
- Prakash Sabarad
- Chief Financial Officer
- Girish T. Shajani
- Compliance Officer, Company Secretary
- Venugopal Shanbhag
- Managing Director, Executive Director
- Hari Singudasu
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.