



Capital Goods | Small Cap
Grindwell Norton Ltd showcases a very strong financial profile, marked by exceptional profitability, growth, and long-term stability. The company operates with virtually no debt, which makes it highly resilient to economic fluctuations and interest rate changes. It has consistently demonstrated an outstanding ability to grow its revenue and profits, translating into excellent returns for its shareholders. A key strength is its high profitability, indicating efficient operations and a strong market position. The primary area for attention is operational efficiency; the company's use of its assets and capital to generate sales is less effective. While it is investing heavily in new assets for future expansion, this has impacted some efficiency metrics. The outlook remains positive, supported by its robust financial foundation and growth history, though realizing returns from its recent large investments will be crucial.
Grindwell Norton Ltd showcases a very strong financial profile, marked by exceptional profitability, growth, and long-term stability. The company operates with virtually no debt, which makes it highly resilient to economic fluctuations and interest rate changes. It has consistently demonstrated an outstanding ability to grow its revenue and profits, translating into excellent returns for its shareholders. A key strength is its high profitability, indicating efficient operations and a strong market position. The primary area for attention is operational efficiency; the company's use of its assets and capital to generate sales is less effective. While it is investing heavily in new assets for future expansion, this has impacted some efficiency metrics. The outlook remains positive, supported by its robust financial foundation and growth history, though realizing returns from its recent large investments will be crucial.
Overall Valuation Score
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P/E RATIO (TTM)
53.21
Industry Median
54.35
Small Cap Median
55.51
P/E RATIO
52.83
P/B RATIO
8.66
Industry Median
6.39
Small Cap Median
6.04
P/S RATIO
7.16
Industry Median
6.18
Small Cap Median
5.10
Others
PEG RATIO
3.94
EV/EBITDA RATIO
32.31
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1983.3 as on Sep 1, 2026.
The company's growth performance is excellent across all key areas. It has demonstrated a strong ability to consistently increase its revenues, operating profits, and earnings per share. This robust expansion indicates strong market demand and successful business strategies. The growth in its asset base also shows a commitment to investing for future expansion. This all-around strong growth is a primary driver of the company's value and signals a very positive trajectory and competitive strength.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 22.89 | 26.23 | 5.75 | 4.65 | 9.28 |
| Operating Profit Growth Rate | 23.46 | 25.25 | 3.79 | -0.96 | 11.46 |
| Earnings Per Share (EPS) Growth | 23.61 | 22.43 | 6 | -3.9 | 12.73 |
| Asset Growth Rate | 13.64 | 13.71 | 14.96 | 10.45 | 12.54 |
| Net Income Growth Rate | 23.95 | 22.71 | 6.08 | -3.39 | 12.4 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Grindwell Norton Ltd | 8.42 | 52.83 | Overvalued | 574.00 | 37.27 | 417.00 |
| 2 | SKF India Ltd | 7.87 | 28.45 | Neutral | 449.00 | 23.71 | 266.00 |
| 3 | Timken India Ltd | 7.73 | 58.19 | Neutral | 632.00 | 52.96 | 415.00 |
| 4 | Carborundum Universal Ltd | 7.68 | 107.68 | Overvalued | 579.00 | 21.85 | 168.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
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Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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Grindwell Norton Ltd. is a leading diversified manufacturer of high-performance industrial materials in India. A subsidiary of Compagnie de Saint-Gobain, France, it specializes in abrasives, high-performance ceramics, and engineered plastics. The company holds significant market share in its core segments, serving critical industries like automotive, construction, and general manufacturing with innovative solutions.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Grindwell Norton Ltd's P/E ratio (TTM) is 53.21, compared to the industry median of 54.35 and large cap median of 55.51.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Grindwell Norton Ltd's P/B ratio is 8.66, compared to the industry median of 6.39 and large cap median of 6.04.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Grindwell Norton Ltd's P/S ratio is 7.16, compared to the industry median of 6.18 and large cap median of 5.10.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Grindwell Norton Ltd's PEG ratio is 3.94.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Grindwell Norton Ltd's EV/EBITDA ratio is 32.31.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Grindwell Norton Ltd's ROE is 16.46%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Grindwell Norton Ltd's ROA is 16.70%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Grindwell Norton Ltd's ROCE is 23%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Grindwell Norton Ltd's operating margin is 18.68%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Grindwell Norton Ltd's net margin is 13.57%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Grindwell Norton Ltd's current ratio is 1.78.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Grindwell Norton Ltd's debt-to-equity ratio is 0.02.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Grindwell Norton Ltd's interest coverage ratio is 70.38.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Grindwell Norton Ltd's DPS is ₹19.15.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Grindwell Norton Ltd's EPS is 12.73.
(Source line: "Ratios as of 25 Oct 2026, based on last traded price of ₹1983.30. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1941 (as Grindwell Abrasives Limited)
Headquarters: Mumbai, Maharashtra
Core Offerings: Abrasives, High-Performance Ceramics, Engineered Plastics, Specialty Refractories, Construction Products
Stock Listing: NSE (GRINDWELL), BSE (506076)
Promoter: Saint-Gobain
Grindwell Norton Ltd. was incorporated in 1941 as Grindwell Abrasives Limited, marking the establishment of India's first abrasive manufacturing unit. In 1967, it entered a technical and financial collaboration with Norton Company, USA, which subsequently acquired a significant stake, leading to its renaming as Grindwell Norton Ltd. in 1971. Following Saint-Gobain's acquisition of Norton Company in the 1990s, Grindwell Norton became a part of the global Saint-Gobain group. Over the decades, the company diversified its portfolio into High-Performance Ceramics, Plastics, and other advanced materials, solidifying its position as a leader in industrial materials and solutions in India.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Abrasives | 62% | Operating Profit |
| Ceramics & Plastics | 38% | Operating Profit |
Abrasives: Manufactures and markets a comprehensive range of bonded, coated, and superabrasive products, catering to diverse industrial applications such as grinding, cutting, and finishing in automotive, fabrication, and construction sectors.
Ceramics & Plastics: Offers high-performance ceramic products like silicon carbide and specialty refractories, alongside engineered plastic components and films, serving industries including metallurgy, power, and healthcare.
Mr. B. Santhanam, Managing Director & CEO. He holds significant leadership roles within the Saint-Gobain group, demonstrating a strong track record in driving growth and strategic initiatives across various businesses in India and the Asia Pacific region.
Saint-Gobain Ceramic Materials India Private Limited (Wholly Owned Subsidiary)
SEPR Refractories India Private Limited (Wholly Owned Subsidiary)
Saint-Gobain Advanced Ceramics Private Limited (Wholly Owned Subsidiary)
Saint-Gobain Calcia Private Limited (Wholly Owned Subsidiary)
No major recent corporate actions on record.
The Grindwell Norton Ltd share price today is ₹1983.30 on NSE (GRINDWELL), as of 25 Oct 2026.
As of 25 Oct 2026, Grindwell Norton Ltd share price is ₹1983.30, with previous close ₹1983.30. Today's range is ₹1983.30 to ₹1983.30. The 52-week range is ₹N/A to ₹N/A.
As of today, Grindwell Norton Ltd's market cap is ₹22,014.63 crore (Large Cap).
Grindwell Norton Ltd's current P/E ratio is 53.21, compared to the GENERAL INDUSTRIALS sector average of 36.50.
Grindwell Norton Ltd's current P/B ratio is 8.66.
Grindwell Norton Ltd's current dividend yield is 0.97%. Last dividend of ₹10.00 per share was declared on 26-Oct-2023.
Grindwell Norton Ltd's EPS (TTM) is ₹12.73.
Grindwell Norton Ltd. is a leading diversified manufacturer of high-performance industrial materials in India. A subsidiary of Compagnie de Saint-Gobain, France, it specializes in abrasives, high-performance ceramics, and engineered plastics. The company holds significant market share in its core segments, serving critical industries like automotive, construction, and general manufacturing with innovative solutions.
Grindwell Norton Ltd is promoted by Saint-Gobain, holding 58.03% as of 25 Oct 2026.
Grindwell Norton Ltd is listed on NSE (GRINDWELL) and BSE (506076). Its next quarterly results are expected on July/August 2024.