Grindwell Norton Limited (GRINDWELL) AI Stock Analysis

• Market Cap: ₹162.45B
• Dividend Yield: 1.16%
• Average Volume (3M): 2.08K
• Price to Earnings (P/E): 43.9
• Beta (1Y): 1.26
• Revenue Growth: 3.14%
• EPS Growth: -2.59%
• Country: IN
• Employees: 2,524
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 8.50
• Shares Outstanding: 110,720,000
• 10 Day Avg. Volume: 1,699
• 30 Day Avg. Volume: 2,080
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,782.00
• Price Target Upside: 21.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: ₹1,825.00 ▲(24.38% Upside)

Grindwell Norton Limited's strong financial performance is the most significant factor, supporting a solid foundation for potential growth. However, mixed technical indicators and high valuation concerns temper the overall score. The absence of earnings call data and corporate events does not impact the score due to their exclusion.

Grindwell Norton Limited Business Overview & Revenue Model

Company Description

Grindwell Norton Limited (GRINDWELL) is a prominent company in the abrasives industry, operating as a subsidiary of the Saint-Gobain Group. The company specializes in manufacturing and marketing a wide range of abrasives, including bonded, coated, and super abrasives, as well as high-performance refractories and ceramics. Grindwell Norton serves various sectors such as automotive, construction, steel, and general engineering, providing essential materials for cutting, grinding, and polishing applications.

How the Company Makes Money

Grindwell Norton Limited generates revenue primarily through the sale of its abrasive products and solutions across various industrial sectors. The company's key revenue streams include direct sales of bonded and coated abrasives to industrial clients, distribution through authorized dealers and retailers, and customized abrasive solutions for specific applications. Partnerships with major industrial players and strategic alliances enhance its market presence and contribute to its earnings. Additionally, the company's affiliation with the Saint-Gobain Group allows it to leverage global expertise, technology, and distribution networks, further bolstering its revenue potential.

Grindwell Norton Limited Financial Statement Overview

Summary

Grindwell Norton Limited demonstrates strong financial performance with consistent revenue growth, high gross and net profit margins, and efficient operational management. The balance sheet reflects low leverage and strong equity, while cash flow shows robust generation and effective capital allocation.

Income Statement

Grindwell Norton Limited has shown strong and consistent growth in revenue over the years, with a notable revenue growth rate of 4.65% from 2024 to 2025. The company maintains a healthy gross profit margin of 54.61% for 2025 and a solid net profit margin of 13.11%. Stability in EBIT margin at 42.63% further highlights operational efficiency. Despite a slight dip in net income from the previous year, overall profitability remains robust with high EBITDA margins.

Balance Sheet

The balance sheet reflects a strong financial position with a low debt-to-equity ratio of 0.04, indicating minimal leverage and financial risk. The equity ratio of 73.78% suggests a high level of asset financing through equity, enhancing financial stability. Return on equity stands at 16.34%, demonstrating efficient use of equity to generate profits. The company's strong equity base provides a buffer against potential financial fluctuations.

Cash Flow

Grindwell Norton Limited exhibits a healthy cash flow position with a significant free cash flow growth rate of 86.33% from 2024 to 2025. The operating cash flow to net income ratio of 1.24 indicates effective conversion of earnings into cash. However, the free cash flow to net income ratio of 0.99 suggests that most of the net income is converted into free cash flow, highlighting efficient capital expenditure management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.08B	28.12B	26.87B	25.41B	20.13B	16.38B
Gross Profit	13.16B	15.36B	14.65B	13.80B	5.89B	8.84B
EBITDA	5.69B	5.13B	5.87B	5.56B	4.54B	3.75B
Net Income	3.69B	3.69B	3.84B	3.62B	2.96B	2.39B
Balance Sheet
Total Assets	30.57B	30.57B	27.70B	24.12B	21.13B	18.65B
Cash, Cash Equivalents and Short-Term Investments	8.81B	8.81B	6.58B	5.75B	6.09B	6.51B
Total Debt	835.49M	835.49M	825.96M	513.60M	150.93M	121.48M
Total Liabilities	7.87B	7.87B	7.03B	5.95B	5.33B	4.88B
Stockholders Equity	22.55B	22.55B	20.55B	18.06B	15.68B	13.65B
Cash Flow
Free Cash Flow	0.00	3.64B	1.96B	1.92B	609.91M	2.83B
Operating Cash Flow	0.00	4.58B	3.68B	3.56B	1.87B	3.31B
Investing Cash Flow	0.00	-2.13B	-1.82B	-2.23B	-535.95M	-2.30B
Financing Cash Flow	0.00	-2.21B	-1.75B	-1.40B	-1.14B	-950.34M

Grindwell Norton Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1467.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRINDWELL, the sentiment is Negative. The current price of 1467.25 is below the 20-day moving average (MA) of 1585.49, below the 50-day MA of 1668.89, and below the 200-day MA of 1779.19, indicating a bearish trend. The MACD of -65.48 indicates Positive momentum. The RSI at 29.26 is Positive, neither overbought nor oversold. The STOCH value of 22.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRINDWELL.

Grindwell Norton Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUPREMEIND	73 Outperform	₹545.99B	61.36		0.79%	0.16%	-21.08%
GRINDWELL	72 Outperform	₹162.45B	43.91		1.16%	3.14%	-2.59%
KAJARIACER	69 Neutral	₹201.72B	64.34		0.87%	0.86%	-22.47%
FINPIPE	65 Neutral	₹116.34B	29.18		1.33%	-5.47%	-53.75%
Sector *	61 Neutral	$10.09B	5.99	1.14%	3.01%	3.04%	-44.94%
ASTRAL	59 Neutral	₹343.56B	70.93		0.29%	1.19%	-11.41%