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Grindwell Norton Limited

GRINDWELL·NSE·
₹1,893.00▼ -4.70 (-0.25%)
Market Cap20772.73 Cr
PE Ratio50.43
Volume17,890
Day High - Low1920.00 - 1872.30
52W High-Low2455.00 - 1329.00

Grindwell Norton Limited (GRINDWELL): company summary

The company's business improved with annual revenue rising 9.3% and annual net profit rising 12.3%.

Grindwell Norton Limited (GRINDWELL) is a mid-cap Capital Goods company valued at ₹20,773 crore operating in Abrasives & Bearings on the NSE and BSE.

Recent price move
Grindwell Norton Limited last traded at ₹1,893, modestly down 0.25% on the day.
Recent developments
On 2026-07-10, the company announced a dividend of ₹19.00 per share, with the ex-date set for that day. The company's promoter holding remained at 58.03% as of 2026-06-30. Foreign institutional holding decreased by 0.35 points to 5.21%, while domestic institutional holding increased by 0.41 points to 19.59%.
Financial performance
The company's business improved with annual revenue rising 9.3% and annual net profit rising 12.3%. The latest quarter saw revenue rise 14.3% and net profit rise 22.7% compared to the same quarter a year earlier. The net profit margin increased by 0.4 percentage points to 13.6%, while return on equity remained at 16.4%.
Valuation multiples
The stock trades at 50.4 times earnings, 8.33 times book value. It yields 1.0%.
Things to watch
The stock is 19.5% below its 52-week high. The company's revenue growth slowed in the latest quarter compared to the previous year's quarter, though net profit growth was stronger. The company's debt to equity ratio is 0.02, indicating almost no debt.
Where it stands
The company's latest quarter revenue rose 14.3% and net profit rose 22.7% compared to the same quarter a year earlier. The stock is 19.5% below its 52-week high.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.

DocStoX Score
5.5/10
Fair
Fair Value
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ROE
16.40%
Strong
P/E
50.43x
Expensive
Debt / Equity
0.02
Low
Industry
Capital Goods
Abrasives & Bearings
Overall View
Mixed

Price performance

Day₹1872
₹1920
52W₹1329
₹2455
DocStoX take

Supported by risk (9.4) and quality (6.7), but held back by valuation (0.0). Risk looks strong at 9.4, but that is offset by valuation at 0.0. We are calling it Mixed rather than resolving the conflict for you.

DocStoX score

Low confidence
5.5
/10
Fair
Quality
Solid
ROE 16.4%
Valuation
Expensive
P/E 50.4×
Growth
Steady
Revenue +13.4% 5Y CAGR
Risk
Low risk
D/E 0.02
Momentum
Firm
50% of 52-week range

At a glance

Market Cap
₹20,773 Cr
52W High / Low
₹2455 / ₹1329
Dividend Yield
1.00%
Promoter Holding
58.03%
EPS (TTM)
₹37.54
Book Value
₹228.93

Key highlights

  • Low leverage — D/E 0.02
  • Profitable in all of the last 5 years
  • Capital works hard — ROCE 22%
  • Valuation is weak (0.0/10)
3 Positives1 Watchout

Growth

Financials

Shareholding

Technicals

Peers

News

Forecasts

About the company

More data

Filings, corporate actions and ownership detail — opened on demand.

More Capital Goods stocks · Abrasives & Bearings

Grindwell Norton Limited peers in Capital Goods

Other Capital Goods stocks on the NSE & BSE. See the full Capital Goods sector list.