Grauer & Weil (India) Ltd
Incorporated in 1957, Grauer & Weil 
(India) Ltd manufactures and sells 
Surface Finishings besides being 
in Engineering and Mall business[1]
- Market Cap ₹ 3,858 Cr.
- Current Price ₹ 85.1
- High / Low ₹ 114 / 78.0
- Stock P/E 25.7
- Book Value ₹ 20.7
- Dividend Yield 0.59 %
- ROCE 23.3 %
- ROE 17.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 380 | 409 | 413 | 432 | 497 | 600 | 618 | 605 | 768 | 981 | 1,068 | 1,134 | 1,123 | |
| 319 | 333 | 335 | 346 | 400 | 494 | 521 | 505 | 655 | 825 | 877 | 944 | 946 | |
| Operating Profit | 61 | 76 | 78 | 86 | 98 | 106 | 97 | 101 | 114 | 156 | 191 | 189 | 177 | 
| OPM % | 16% | 19% | 19% | 20% | 20% | 18% | 16% | 17% | 15% | 16% | 18% | 17% | 16% | 
| 3 | 1 | 2 | 4 | 10 | 5 | 20 | 15 | 16 | 18 | 31 | 46 | 51 | |
| Interest | 17 | 14 | 10 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 5 | 4 | 3 | 
| Depreciation | 12 | 16 | 14 | 14 | 15 | 15 | 19 | 18 | 20 | 20 | 21 | 22 | 23 | 
| Profit before tax | 35 | 46 | 56 | 73 | 91 | 94 | 95 | 94 | 107 | 152 | 196 | 210 | 201 | 
| Tax % | 14% | 28% | 24% | 26% | 30% | 32% | 21% | 27% | 26% | 26% | 25% | 25% | |
| 30 | 33 | 42 | 54 | 64 | 64 | 76 | 69 | 79 | 113 | 146 | 157 | 150 | |
| EPS in Rs | 0.67 | 0.74 | 0.93 | 1.20 | 1.41 | 1.41 | 1.67 | 1.52 | 1.74 | 2.49 | 3.23 | 3.47 | 3.31 | 
| Dividend Payout % | 12% | 15% | 15% | 17% | 21% | 21% | 15% | 16% | 19% | 16% | 8% | 14% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% | 
| 5 Years: | 13% | 
| 3 Years: | 14% | 
| TTM: | -1% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% | 
| 5 Years: | 17% | 
| 3 Years: | 26% | 
| TTM: | -6% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% | 
| 5 Years: | 36% | 
| 3 Years: | 23% | 
| 1 Year: | -17% | 
| Return on Equity | |
|---|---|
| 10 Years: | 17% | 
| 5 Years: | 17% | 
| 3 Years: | 18% | 
| Last Year: | 18% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 45 | 
| Reserves | 171 | 194 | 228 | 278 | 331 | 379 | 422 | 491 | 560 | 657 | 783 | 894 | 
| 97 | 68 | 27 | 20 | 7 | 21 | 23 | 22 | 25 | 24 | 27 | 12 | |
| 133 | 125 | 119 | 133 | 146 | 159 | 174 | 214 | 217 | 251 | 292 | 334 | |
| Total Liabilities | 423 | 410 | 397 | 454 | 507 | 581 | 642 | 750 | 824 | 954 | 1,124 | 1,286 | 
| 225 | 216 | 210 | 212 | 206 | 231 | 241 | 238 | 247 | 244 | 243 | 254 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 3 | 1 | 4 | 1 | 3 | 14 | 27 | 
| Investments | 3 | 2 | 1 | 1 | 3 | 1 | 0 | 0 | 1 | 17 | 49 | 71 | 
| 194 | 192 | 186 | 241 | 297 | 346 | 399 | 508 | 576 | 690 | 817 | 934 | |
| Total Assets | 423 | 410 | 397 | 454 | 507 | 581 | 642 | 750 | 824 | 954 | 1,124 | 1,286 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 49 | 55 | 77 | 87 | 71 | 33 | 84 | 117 | 44 | 114 | 160 | 144 | |
| -6 | -9 | -8 | -54 | -61 | -13 | -53 | -43 | -17 | -116 | -109 | -120 | |
| -43 | -46 | -62 | -10 | -25 | -2 | -36 | -3 | -15 | -19 | -20 | -42 | |
| Net Cash Flow | 0 | 0 | 8 | 23 | -14 | 17 | -5 | 71 | 12 | -21 | 31 | -19 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 89 | 80 | 70 | 63 | 65 | 68 | 67 | 77 | 62 | 68 | 63 | 64 | 
| Inventory Days | 109 | 120 | 115 | 118 | 100 | 106 | 126 | 108 | 121 | 83 | 90 | 98 | 
| Days Payable | 79 | 67 | 68 | 82 | 81 | 68 | 95 | 110 | 91 | 77 | 86 | 90 | 
| Cash Conversion Cycle | 119 | 133 | 117 | 99 | 83 | 106 | 99 | 75 | 92 | 75 | 68 | 72 | 
| Working Capital Days | 17 | 26 | 50 | 38 | 49 | 56 | 57 | 36 | 49 | 43 | 34 | 32 | 
| ROCE % | 18% | 21% | 24% | 25% | 27% | 26% | 20% | 19% | 19% | 24% | 26% | 23% | 
Documents
Announcements
- 
        
          Board Meeting Intimation for Quarter And Half Year Ended September 30, 2025
          
            10h - Board meeting Nov 6, 2025 to approve unaudited standalone and consolidated Q2/H1 results for Sept 30, 2025.
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            8 Oct - RTA MUFG certifies Regulation 74(5) compliance for quarter ended Sep 30, 2025; certificate dated Oct 04, 2025.
- 
        
          Closure of Trading Window
          
            25 Sep - Trading window closed from Oct 1, 2025 until 48 hours after results for quarter ended Sep 30, 2025.
- 
        
          Intimation Of Rejection Of Reclassification Application
          
            3 Sep - BSE rejected reclassification of Waluj Beverages LLP from Promoter to Public due to partner's board position (Sept 2, 2025).
- 
        
          Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Strike-Off Of M/S Grauer & Weil (Shanghai) Limited A Wholly Owned Subsidiary Of The Company.
          
            21 Aug - Applied for strike-off of wholly-owned Grauer & Weil (Shanghai) Ltd on 21-Aug-2025; no operations; process 5–6 months.
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
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      Financial Year 2017
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      Financial Year 2016
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      Financial Year 2015
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
Business Overview:[1]
Growel is the first Indian surface finishing solution company to be AS 9100 certified. It is the only Indian company and one of the few global cos offering complete corrosion protection solutions on all types of substrates across various industries.