Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹1,524.95|
|52 Week High||₹521.00|
|52 Week Low||₹1,629.20|
|1 Month Change||7.22%|
|3 Month Change||23.07%|
|1 Year Change||175.01%|
|3 Year Change||214.98%|
|5 Year Change||358.77%|
|Change since IPO||13,088.76%|
Recent News & Updates
|506076||IN Machinery||IN Market|
Return vs Industry: 506076 exceeded the Indian Machinery industry which returned 80.2% over the past year.
Return vs Market: 506076 exceeded the Indian Market which returned 61% over the past year.
Stable Share Price: 506076 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 506076's weekly volatility (5%) has been stable over the past year.
About the Company
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 lapping, honing, super-finishing, race grinding, thread grinding, fluting, OD grinding, ID grinding, surface grinding, etc., as well as for rough applications comprising snagging, cutting-off, burr removal, weld preparation, etc. It also provides coated abrasives products in various shapes, such as discs, belts, rolls, etc. for material removal and surface preparation; non-woven abrasives; super abrasives for precision applications, including diamond and cubic born nitride; and cutting-edge abrasive products. In addition, the company offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives and refractories, as well as for stone polishing; and performance ceramics and refractories for use in sanitary-ware, table-ware, ballistic armor protection, wear resistance systems, etc. Further, it produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and foams for use in the automotive, oil and gas, life sciences, construction, energy, and general industrial applications.
Grindwell Norton Fundamentals Summary
|506076 fundamental statistics|
Is 506076 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|506076 income statement (TTM)|
|Cost of Revenue||₹8.25b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||24.84|
|Net Profit Margin||14.91%|
How did 506076 perform over the long term?See historical performance and comparison
0.6%Current Dividend Yield
Is Grindwell Norton undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 506076 (₹1524.95) is trading above our estimate of fair value (₹482.63)
Significantly Below Fair Value: 506076 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 506076 is poor value based on its PE Ratio (61.4x) compared to the Indian Machinery industry average (23.9x).
PE vs Market: 506076 is poor value based on its PE Ratio (61.4x) compared to the Indian market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: 506076 is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: 506076 is overvalued based on its PB Ratio (12.4x) compared to the IN Machinery industry average (1.8x).
How is Grindwell Norton forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 506076's forecast earnings growth (12.3% per year) is above the savings rate (6.7%).
Earnings vs Market: 506076's earnings (12.3% per year) are forecast to grow slower than the Indian market (19.3% per year).
High Growth Earnings: 506076's earnings are forecast to grow, but not significantly.
Revenue vs Market: 506076's revenue (11.4% per year) is forecast to grow slower than the Indian market (13.1% per year).
High Growth Revenue: 506076's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 506076's Return on Equity is forecast to be low in 3 years time (19.7%).
How has Grindwell Norton performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 506076 has high quality earnings.
Growing Profit Margin: 506076's current net profit margins (14.9%) are higher than last year (12%).
Past Earnings Growth Analysis
Earnings Trend: 506076's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: 506076's earnings growth over the past year (63.5%) exceeds its 5-year average (15% per year).
Earnings vs Industry: 506076 earnings growth over the past year (63.5%) underperformed the Machinery industry 77.1%.
Return on Equity
High ROE: 506076's Return on Equity (19.8%) is considered low.
How is Grindwell Norton's financial position?
Financial Position Analysis
Short Term Liabilities: 506076's short term assets (₹12.5B) exceed its short term liabilities (₹4.4B).
Long Term Liabilities: 506076's short term assets (₹12.5B) exceed its long term liabilities (₹522.0M).
Debt to Equity History and Analysis
Debt Level: 506076's debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 506076's debt to equity ratio has reduced from 1.7% to 0.9% over the past 5 years.
Debt Coverage: 506076's debt is well covered by operating cash flow (2726.9%).
Interest Coverage: 506076 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Grindwell Norton current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 506076's dividend (0.62%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: 506076's dividend (0.62%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).
Stability and Growth of Payments
Stable Dividend: 506076's dividends per share have been stable in the past 10 years.
Growing Dividend: 506076's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.3%), 506076's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 506076's dividends in 3 years are forecast to be well covered by earnings (35% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
B. Santhanam (64 yo)
Mr. B. Santhanam serves as the President of Flat Glass-South Asia, Malaysia & Egypt and Managing Director of Flat Glass-South Asia, Malaysia & Egypt at Saint-Gobain India Pvt. Ltd. (formerly known as SAINT...
Experienced Board: 506076's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 506076 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grindwell Norton Limited's employee growth, exchange listings and data sources
- Name: Grindwell Norton Limited
- Ticker: 506076
- Exchange: BSE
- Founded: 1941
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: ₹168.842b
- Shares outstanding: 110.72m
- Website: https://www.grindwellnorton.co.in
Number of Employees
- Grindwell Norton Limited
- Leela Business Park
- 5th Level
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:39|
|End of Day Share Price||2021/10/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.