Grindwell Norton Limited (IN:GRINDWELL)
:GRINDWELL
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Grindwell Norton Limited
(GRINDWELL)
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Rating:69Neutral
Price Target:
₹1,634.00
▲(4.72% Upside)
Action:DowngradedDate:10/31/25
Grindwell Norton Limited's strong financial performance is the most significant factor, supported by robust revenue growth, profitability, and financial stability. Technical analysis indicates a positive trend but with potential short-term weakness. The valuation suggests the stock is relatively expensive, which slightly offsets the overall score.
Positive Factors
High and stable profit margins
Sustained high gross and EBIT margins indicate structural cost advantages, strong pricing power, and efficient operations in abrasive and engineered materials. These margins support durable cash generation, fund reinvestment and buffer earnings through cyclical downturns, underpinning long-term profitability.
Negative Factors
Modest revenue growth
Single‑digit revenue growth suggests limited top‑line expansion in core markets. Without faster market share gains or product/market diversification, modest growth could constrain long‑term earnings scalability and make performance more dependent on margin maintenance and cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
High and stable profit margins
Sustained high gross and EBIT margins indicate structural cost advantages, strong pricing power, and efficient operations in abrasive and engineered materials. These margins support durable cash generation, fund reinvestment and buffer earnings through cyclical downturns, underpinning long-term profitability.
Read all positive factors
Grindwell Norton Limited (GRINDWELL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹165.10B
Dividend Yield1.06%
Average Volume (3M)1.76K
Price to Earnings (P/E)45.5
Beta (1Y)1.40
Revenue Growth5.08%
EPS Growth1.75%
CountryIN
Employees2,524
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)8.60
Shares Outstanding110,720,000
10 Day Avg. Volume1,335
30 Day Avg. Volume1,762
Financial Highlights & Ratios
PEG Ratio-13.15
Price to Book (P/B)8.37
Price to Sales (P/S)6.72
P/FCF Ratio51.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)41.63
Revenue Forecast (FY)₹34.02B
Grindwell Norton Limited Business Overview & Revenue Model
Company Description
Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India. The company offers bonded abrasives in the form of wheels and other shapes, such as segments, sticks, etc. for various applications, including lapp...
How the Company Makes Money
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Grindwell Norton Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.90B | 28.12B | 26.87B | 25.41B | 20.13B | 16.38B |
| Gross Profit | 14.38B | 15.23B | 14.65B | 13.65B | 11.11B | 9.11B |
| EBITDA | 5.29B | 4.94B | 5.04B | 4.99B | 3.92B | 3.15B |
| Net Income | 3.81B | 3.69B | 3.84B | 3.62B | 2.96B | 2.39B |
Balance Sheet | ||||||
| Total Assets | 31.42B | 30.57B | 27.70B | 24.12B | 21.13B | 18.65B |
| Cash, Cash Equivalents and Short-Term Investments | 8.38B | 8.81B | 6.58B | 5.75B | 6.09B | 6.51B |
| Total Debt | 799.41M | 835.49M | 825.96M | 513.60M | 150.93M | 121.48M |
| Total Liabilities | 8.45B | 7.87B | 7.03B | 5.95B | 5.39B | 4.88B |
| Stockholders Equity | 22.82B | 22.55B | 20.55B | 18.06B | 15.68B | 13.65B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 3.64B | 1.96B | 1.92B | 609.91M | 2.83B |
| Operating Cash Flow | 2.04B | 4.58B | 3.68B | 3.56B | 1.87B | 3.31B |
| Investing Cash Flow | -263.11M | -2.13B | -1.82B | -2.23B | -535.95M | -2.30B |
| Financing Cash Flow | -1.97B | -2.21B | -1.75B | -1.40B | -1.14B | -950.34M |
Grindwell Norton Limited Technical Analysis
Neutral
1560.35
Price Trends
1543.62
Negative
1558.56
Negative
1593.78
Negative
Market Momentum
-27.52
Negative
53.27
Neutral
77.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRINDWELL, the sentiment is Neutral. The current price of 1560.35 is above the 20-day moving average (MA) of 1431.92, above the 50-day MA of 1543.62, and below the 200-day MA of 1593.78, indicating a neutral trend. The MACD of -27.52 indicates Negative momentum. The RSI at 53.27 is Neutral, neither overbought nor oversold. The STOCH value of 77.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GRINDWELL.
Grindwell Norton Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹165.10B | 45.49 | ― | 1.06% | 5.08% | 1.75% | |
69 Neutral | ₹420.12B | 86.58 | ― | 0.26% | 4.66% | -3.12% | |
69 Neutral | ₹174.22B | 43.96 | ― | 1.15% | -0.24% | -4.87% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹100.52B | 23.17 | ― | 1.19% | -3.53% | -40.09% | |
56 Neutral | ₹478.99B | 69.47 | ― | 1.05% | 1.68% | -22.27% |
* Basic Materials Sector Average
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Grindwell Norton Limited Corporate Events
Grindwell Norton Files Quarterly Demat Compliance Certificate With Stock Exchanges
Apr 3, 2026
Grindwell Norton Limited has confirmed that, for the quarter ended March 31, 2026, it has submitted to BSE Limited and the National Stock Exchange of India the required details of securities that were converted between physical and electronic form...
Grindwell Norton Tax Demand Dropped as GST Proceedings Closed
Mar 1, 2026
Grindwell Norton Limited disclosed that the Office of the Assistant Commissioner of Commercial Taxes in Bengaluru has dropped proceedings under relevant GST provisions, following the company’s response to an earlier show-cause notice. The or...
Grindwell Norton Discloses Unsolicited ESG Rating Assigned by CFC
Feb 24, 2026
Grindwell Norton disclosed that it received an ESG rating of 67 from CFC Finlease Private Limited, as communicated by BSE Limited, based on publicly available information for FY 2024-25. The company clarified that it did not formally engage CFC to...
Grindwell Norton Clears Q3 FY26 Results, Green Energy Investment and New Compliance Chief
Feb 6, 2026
Grindwell Norton Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, along with the statutory auditors’ limited review report, and will publis...
Grindwell Norton Clears Q3 FY26 Results, Backs Renewable Energy SPV and Appoints New Company Secretary
Feb 6, 2026
Grindwell Norton Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, which will be published in newspapers, underscoring the company’s ongoing...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.