Grindwell Norton Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 16.2%)
- Efficient capital deployment (ROCE 21.2%)
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GRINDWELL · as of Mar 2026
| 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
To consider and approve the financial results for the period ended September 30, 2026
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
Dividend - Rs 19 Per Share
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
Dividend - Rs 17 Per Share
Annual General Meeting/Dividend - Rs 17 Per Share
Annual General Meeting/Dividend - Rs 14.50 Per Share
Latest News
All newsGrindwell Norton notifies share transfer window in press
*Grindwell Norton notifies public of special window for share transfer and dematerialisation.* The company published newspaper advertisements detailing procedures for investors to submit transfer requests and convert physical shares to demat form. This is part of routine corporate compliance and investor facilitation. No financial impact is expected. 📊 *STOCKS:* $GRINDWELL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareTransfer
Grindwell Norton receives ESG rating from NSE.
*Grindwell Norton receives ESG rating from NSE.* The company has been assigned an ESG rating by NSE Sustainability Ratings & Analytics Limited. This is a voluntary disclosure and does not impact financials. 📊 *STOCKS:* $GRINDWELL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESG
Grindwell Norton notifies special window for share transfer
*Grindwell Norton notifies special window for share transfer*. Grindwell Norton has published a newspaper advertisement regarding a special window for transfer requests and dematerialisation of physical shares. The move aims to ease the conversion of physical shares into electronic form. This is a routine corporate action to improve shareholder convenience. 📊 *STOCKS:* $GRINDWELL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareTransfer
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
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
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 GoodsIndustrial Products