Grindwell Norton Limited Share Price & Analysis
₹2,095.3▼ -1.54%Updated 21 Jul 2026, 05:01 pm IST
LTP
₹2,095.3
-1.54%
Open
₹—
High
₹2,161.8
Low
₹2,085.2
Close
₹2,095.3
52W High
₹2,464
52W Low
₹1,329
Volume
49K
Lot Size
1
Sector
Capital Goods
Market Cap
₹23K Cr
Face Value
₹5
Large Cap
Price Chart
Fundamentals
P/E
59.6
Sector P/E
52.7
P/B
9.15
EPS
₹35.14
ROE
16.2%
ROCE
21.2%
D/E Ratio
0.02
Div Yield
0.91%
Book Value
₹229
+
Strengths
- ✓Strong return on equity (ROE 16.2%)
- ✓Efficient capital deployment (ROCE 21.2%)
- ✓Virtually debt-free
−
Concerns
- ✗High premium to book value (P/B 9.1x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GRINDWELL · as of Mar 2026
Promoters58.04%
FII6.75%▼0.22
DII18.33%▲0.26
Public16.88%▼0.03
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% |
| FII | 8.42% | 8.31% | 8.63% | 8.25% | 6.97% | 6.75% |
| DII | 15.45% | 15.90% | 16.14% | 16.69% | 18.07% | 18.33% |
| Public | 18.09% | 17.76% | 17.19% | 17.01% | 16.91% | 16.88% |
Corporate Events
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
Results23 Jul 2026
Dividend - Rs 19 Per Share
Dividend9 Jul 2026
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 ende
Dividend7 May 2026
Dividend - Rs 17 Per Share
Dividend14 Jul 2025
Annual General Meeting/Dividend - Rs 17 Per Share
Dividend8 Jul 2024
Annual General Meeting/Dividend - Rs 14.50 Per Share
Dividend3 Aug 2023
Latest News
All news →Grindwell Norton announces 76th Annual General Meeting details
*Grindwell Norton announces 76th Annual General Meeting and e-Voting details.* The notice includes information on date, time, and agenda for shareholders. E-voting facilities will be available for investor participation. No financial updates or material changes were disclosed. 📊 *STOCKS:* GRINDWELL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
NSE Filing2 Jul
Grindwell Norton announces AGM and dividend details
*Grindwell Norton announces AGM and dividend details.* The company has published a notice for its 76th Annual General Meeting, along with dividend and record date information. Details on the dividend amount and **record date** are included in the announcement. Investors should review the notice for key dates and payouts. 📊 *STOCKS:* GRINDSMILL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
NSE Filing24 Jun
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹753 Cr ▼2.8% | ₹775 Cr ▲10.2% | ₹703 Cr ▼1.0% | ₹710 Cr ▲1.0% | ₹703 Cr ▲1.3% | ₹694 Cr ▼1.7% | ₹706 Cr ▲2.2% | ₹691 Cr |
| Op. Profit | ₹139 Cr ▼1.4% | ₹141 Cr ▲8.5% | ₹130 Cr ▲2.4% | ₹127 Cr ▲3.3% | ₹123 Cr ▼4.7% | ₹129 Cr ▼3.0% | ₹133 Cr ▲6.4% | ₹125 Cr |
| OPM | 18.0% ▲0.0% | 18.0% ▲0.0% | 18.0% ▲0.0% | 18.0% ▲0.0% | 18.0% ▼5.3% | 19.0% ▲0.0% | 19.0% ▲5.6% | 18.0% |
| Net Profit | ₹96 Cr ▼10.3% | ₹107 Cr ▲13.8% | ₹94 Cr ▲1.1% | ₹93 Cr ▲5.7% | ₹88 Cr ▼9.3% | ₹97 Cr ▲4.3% | ₹93 Cr ▲0.0% | ₹93 Cr |
| EPS (₹) | 8.6 ▼10.9% | 9.65 ▲13.1% | 8.53 ▲2.0% | 8.36 ▲6.6% | 7.84 ▼9.8% | 8.69 ▲3.3% | 8.41 ▲0.6% | 8.36 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.1K Cr ▲9.3% | ₹2.8K Cr ▲4.7% | ₹2.7K Cr ▲5.7% | ₹2.5K Cr ▲26.2% | ₹2.0K Cr ▲22.9% | ₹1.6K Cr ▲3.7% | ₹1.6K Cr ▼1.1% | ₹1.6K Cr ▲11.7% | ₹1.4K Cr ▲13.3% | ₹1.3K Cr |
| Expenses | ₹2.5K Cr ▲8.7% | ₹2.3K Cr ▲6.0% | ₹2.2K Cr ▲6.2% | ₹2.0K Cr ▲26.6% | ₹1.6K Cr ▲22.7% | ₹1.3K Cr ▼0.1% | ₹1.3K Cr ▼0.8% | ₹1.3K Cr ▲12.1% | ₹1.2K Cr ▲10.6% | ₹1.1K Cr |
| Op. Profit | ₹576 Cr ▲11.8% | ₹515 Cr ▼1.0% | ₹520 Cr ▲3.8% | ₹501 Cr ▲25.3% | ₹400 Cr ▲23.5% | ₹324 Cr ▲22.3% | ₹265 Cr ▼2.6% | ₹272 Cr ▲9.7% | ₹248 Cr ▲28.5% | ₹193 Cr |
| OPM | 19.0% ▲5.6% | 18.0% ▼5.3% | 19.0% ▼5.0% | 20.0% ▲0.0% | 20.0% ▲0.0% | 20.0% ▲17.6% | 17.0% ▲0.0% | 17.0% ▲0.0% | 17.0% ▲13.3% | 15.0% |
| Other Income | ₹93 Cr ▲17.7% | ₹79 Cr ▲17.9% | ₹67 Cr ▲26.4% | ₹53 Cr ▲0.0% | ₹53 Cr ▲3.9% | ₹51 Cr ▲27.5% | ₹40 Cr ▲14.3% | ₹35 Cr ▲34.6% | ₹26 Cr ▼16.1% | ₹31 Cr |
| Interest | ₹8 Cr ▼11.1% | ₹9 Cr ▲12.5% | ₹8 Cr ▲0.0% | ₹8 Cr ▲100.0% | ₹4 Cr ▲33.3% | ₹3 Cr ▼25.0% | ₹4 Cr ▲100.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▲0.0% | ₹2 Cr |
| Depreciation | ₹105 Cr ▲12.9% | ₹93 Cr ▲31.0% | ₹71 Cr ▲18.3% | ₹60 Cr ▲13.2% | ₹53 Cr ▼1.9% | ₹54 Cr ▼6.9% | ₹58 Cr ▲28.9% | ₹45 Cr ▲0.0% | ₹45 Cr ▲7.1% | ₹42 Cr |
| PBT | ₹555 Cr ▲12.8% | ₹492 Cr ▼3.1% | ₹508 Cr ▲4.5% | ₹486 Cr ▲22.7% | ₹396 Cr ▲24.9% | ₹317 Cr ▲30.5% | ₹243 Cr ▼6.5% | ₹260 Cr ▲14.5% | ₹227 Cr ▲26.1% | ₹180 Cr |
| Tax % | 25.0% ▲0.0% | 25.0% ▲4.2% | 24.0% ▼7.7% | 26.0% ▲4.0% | 25.0% ▲0.0% | 25.0% ▲4.2% | 24.0% ▼31.4% | 35.0% ▲2.9% | 34.0% ▲3.0% | 33.0% |
| Net Profit | ₹417 Cr ▲12.4% | ₹371 Cr ▼3.4% | ₹384 Cr ▲6.1% | ₹362 Cr ▲22.7% | ₹295 Cr ▲23.9% | ₹238 Cr ▲29.3% | ₹184 Cr ▲8.9% | ₹169 Cr ▲11.9% | ₹151 Cr ▲24.8% | ₹121 Cr |
| EPS (₹) | 37.54 ▲12.7% | 33.3 ▼3.9% | 34.65 ▲6.0% | 32.69 ▲22.4% | 26.7 ▲23.6% | 21.6 ▲31.1% | 16.48 ▲9.1% | 15.1 ▲11.6% | 13.53 ▲25.5% | 10.78 |
| Div Payout | 51.0% ▲0.0% | 51.0% ▲4.1% | 49.0% ▲11.4% | 44.0% ▼2.2% | 45.0% ▲2.3% | 44.0% ▼4.3% | 46.0% ▲15.0% | 40.0% ▲8.1% | 37.0% ▲0.0% | 37.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr ▲0.0% | ₹55 Cr |
| Reserves | ₹2.2K Cr ▲1.2% | ₹2.2K Cr ▲10.0% | ₹2.0K Cr ▲14.3% | ₹1.8K Cr ▲15.7% | ₹1.5K Cr ▲15.6% | ₹1.3K Cr ▲15.6% | ₹1.1K Cr ▲8.5% | ₹1.0K Cr ▲11.6% | ₹935 Cr ▲11.6% | ₹838 Cr |
| Borrowings | ₹80 Cr ▼4.8% | ₹84 Cr ▲1.2% | ₹83 Cr ▲62.7% | ₹51 Cr ▲240.0% | ₹15 Cr ▲25.0% | ₹12 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹8 Cr |
| Other Liabilities | ₹780 Cr ▲8.9% | ₹716 Cr ▲14.0% | ₹628 Cr ▲14.4% | ₹549 Cr ▲3.2% | ₹532 Cr ▲9.7% | ₹485 Cr ▲20.0% | ₹404 Cr ▲16.4% | ₹347 Cr ▼0.6% | ₹349 Cr ▲12.9% | ₹309 Cr |
| Total Liabilities | ₹3.1K Cr ▲2.8% | ₹3.1K Cr ▲10.4% | ₹2.8K Cr ▲15.0% | ₹2.4K Cr ▲13.7% | ₹2.1K Cr ▲13.6% | ₹1.9K Cr ▲17.0% | ₹1.6K Cr ▲10.2% | ₹1.4K Cr ▲7.9% | ₹1.3K Cr ▲10.7% | ₹1.2K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹883 Cr ▼0.3% | ₹886 Cr ▲17.2% | ₹756 Cr ▲29.0% | ₹586 Cr ▲51.8% | ₹386 Cr ▲4.3% | ₹370 Cr ▼3.9% | ₹385 Cr ▲11.6% | ₹345 Cr ▲0.9% | ₹342 Cr ▼7.1% | ₹368 Cr |
| CWIP | ₹51 Cr ▲96.2% | ₹26 Cr ▼79.7% | ₹128 Cr ▲3.2% | ₹124 Cr ▲85.1% | ₹67 Cr ▲179.2% | ₹24 Cr ▼17.2% | ₹29 Cr ▼32.6% | ₹43 Cr ▲72.0% | ₹25 Cr ▲316.7% | ₹6 Cr |
| Investments | ₹927 Cr ▲3.9% | ₹892 Cr ▲29.5% | ₹689 Cr ▲7.3% | ₹642 Cr ▲20.9% | ₹531 Cr ▼25.5% | ₹713 Cr ▲22.3% | ₹583 Cr ▲218.6% | ₹183 Cr ▲7.0% | ₹171 Cr ▲17.9% | ₹145 Cr |
| Other Assets | ₹1.3K Cr ▲2.4% | ₹1.3K Cr ▲4.9% | ₹1.2K Cr ▲13.2% | ₹1.1K Cr ▼7.0% | ₹1.1K Cr ▲50.1% | ₹755 Cr ▲26.9% | ₹595 Cr ▼32.0% | ₹875 Cr ▲9.1% | ₹802 Cr ▲16.2% | ₹690 Cr |
| Total Assets | ₹3.1K Cr ▲2.8% | ₹3.1K Cr ▲10.4% | ₹2.8K Cr ▲15.0% | ₹2.4K Cr ▲13.7% | ₹2.1K Cr ▲13.6% | ₹1.9K Cr ▲17.0% | ₹1.6K Cr ▲10.2% | ₹1.4K Cr ▲7.9% | ₹1.3K Cr ▲10.7% | ₹1.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹458 Cr ▲24.5% | ₹368 Cr ▼6.4% | ₹393 Cr ▲110.2% | ₹187 Cr ▼43.5% | ₹331 Cr ▲4.1% | ₹318 Cr ▲274.1% | ₹85 Cr ▼36.6% | ₹134 Cr ▼21.2% | ₹170 Cr ▲22.3% | ₹139 Cr |
| Investing CF | ₹-159 Cr ▲13.6% | ₹-184 Cr ▲26.7% | ₹-251 Cr ▼364.8% | ₹-54 Cr ▲76.5% | ₹-230 Cr ▲48.0% | ₹-442 Cr ▼718.5% | ₹-54 Cr ▼31.7% | ₹-41 Cr ▼2.5% | ₹-40 Cr ▼5.3% | ₹-38 Cr |
| Financing CF | ₹-221 Cr ▼26.3% | ₹-175 Cr ▼25.0% | ₹-140 Cr ▼22.8% | ₹-114 Cr ▼20.0% | ₹-95 Cr ▲0.0% | ₹-95 Cr ▼39.7% | ₹-68 Cr ▼13.3% | ₹-60 Cr ▼2100.0% | ₹3 Cr ▲102.9% | ₹-102 Cr |
| Net Cash Flow | ₹78 Cr ▲766.7% | ₹9 Cr ▲800.0% | ₹1 Cr ▼94.7% | ₹19 Cr ▲171.4% | ₹7 Cr ▲103.2% | ₹-220 Cr ▼494.6% | ₹-37 Cr ▼215.6% | ₹32 Cr ▼75.9% | ₹133 Cr | ₹0 Cr |
| Free Cash Flow | ₹366 Cr ▲83.9% | ₹199 Cr ▲176.4% | ₹72 Cr ▲7.5% | ₹67 Cr ▼76.3% | ₹283 Cr ▲5.6% | ₹268 Cr ▲1388.9% | ₹18 Cr ▼81.3% | ₹96 Cr ▼17.9% | ₹117 Cr ▲18.2% | ₹99 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47d ▼4.1% | 49d ▲22.5% | 40d ▼7.0% | 43d ▼4.4% | 45d ▼4.3% | 47d ▲0.0% | 47d ▲4.4% | 45d ▲21.6% | 37d ▼11.9% | 42d |
| Inventory Days | 140d ▼5.4% | 148d ▲1.4% | 146d ▼20.7% | 184d ▲12.9% | 163d ▲5.2% | 155d ▼8.3% | 169d ▲6.3% | 159d ▼1.9% | 162d ▼14.7% | 190d |
| Days Payable | 122d ▲10.9% | 110d ▲25.0% | 88d ▼34.3% | 134d ▼15.2% | 158d ▲36.2% | 116d ▲24.7% | 93d ▼18.4% | 114d ▲4.6% | 109d ▲75.8% | 62d |
| Cash Conv. Cycle | 66d ▼23.3% | 86d ▼12.2% | 98d ▲6.5% | 92d ▲84.0% | 50d ▼42.5% | 87d ▼29.3% | 123d ▲36.7% | 90d ▲1.1% | 89d ▼48.0% | 171d |
| Working Capital Days | 37d ▼21.3% | 47d ▲6.8% | 44d ▼13.7% | 51d ▲41.7% | 36d ▼28.0% | 50d ▼32.4% | 74d ▲37.0% | 54d ▲10.2% | 49d ▼12.5% | 56d |
| ROCE | 21.0% ▼16.0% | 25.0% ▼10.7% | 28.0% ▲7.7% | 26.0% ▲13.0% | 23.0% ▲15.0% | 20.0% ▼13.0% | 23.0% ▲0.0% | 23.0% ▲15.0% | 20.0% ▼9.1% | 22.0% |
Source: Screener.in · Lower days = better efficiency
About Grindwell Norton Limited
Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]
Capital Goods · Industrial Products
Related Analysis
Frequently Asked Questions
What is Grindwell Norton Limited share price today?▾
Grindwell Norton Limited (GRINDWELL) is currently trading at ₹2,095.3 on NSE, down 1.54% as of the last market session. Prices update daily after market close on MarketNetra.
Is Grindwell Norton Limited available in F&O (Futures & Options)?▾
Yes, Grindwell Norton Limited (GRINDWELL) is part of the NSE F&O segment with a lot size of 1 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Grindwell Norton Limited 52-week high and low?▾
Grindwell Norton Limited's 52-week high is ₹2,464 and the 52-week low is ₹1,329. The current price of ₹2,095.3 is 15.0% below the 52W high.
What is Grindwell Norton Limited P/E ratio?▾
Grindwell Norton Limited's current P/E ratio is 59.6. This indicates the market is paying ₹59.6 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Grindwell Norton Limited options?▾
Grindwell Norton Limited options are traded on NSE with monthly expiry contracts (lot size: 1 shares). To trade GRINDWELL options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.