Grindwell Norton Ltd
Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]
- Market Cap ₹ 23,307 Cr.
- Current Price ₹ 2,105
- High / Low ₹ 2,495 / 1,850
- Stock P/E 59.5
- Book Value ₹ 166
- Dividend Yield 0.68 %
- ROCE 26.8 %
- ROE 20.1 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 44.6%
Cons
- Stock is trading at 12.6 times its book value
* 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
Sector: Capital Goods-Non Electrical Equipment Industry: Abrasives And Grinding Wheels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
907 | 945 | 942 | 1,110 | 1,126 | 1,236 | 1,405 | 1,567 | 1,552 | 1,633 | 2,006 | 2,369 | 2,629 | |
754 | 801 | 809 | 945 | 957 | 1,056 | 1,168 | 1,307 | 1,300 | 1,309 | 1,604 | 1,889 | 2,106 | |
Operating Profit | 153 | 144 | 132 | 165 | 169 | 181 | 237 | 259 | 252 | 324 | 402 | 480 | 523 |
OPM % | 17% | 15% | 14% | 15% | 15% | 15% | 17% | 17% | 16% | 20% | 20% | 20% | 20% |
13 | 12 | 14 | 20 | 24 | 33 | 28 | 37 | 46 | 51 | 53 | 51 | 69 | |
Interest | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 4 | 7 | 7 |
Depreciation | 17 | 19 | 26 | 35 | 37 | 40 | 42 | 42 | 55 | 52 | 51 | 55 | 65 |
Profit before tax | 149 | 136 | 120 | 149 | 155 | 173 | 222 | 253 | 239 | 320 | 400 | 469 | 521 |
Tax % | 30% | 28% | 31% | 32% | 34% | 33% | 34% | 35% | 24% | 24% | 25% | 25% | |
104 | 98 | 82 | 101 | 102 | 116 | 147 | 164 | 183 | 242 | 298 | 351 | 389 | |
EPS in Rs | 9.36 | 8.82 | 7.44 | 9.13 | 9.23 | 10.48 | 13.29 | 14.80 | 16.52 | 21.86 | 26.91 | 31.67 | 35.17 |
Dividend Payout % | 35% | 37% | 44% | 36% | 35% | 38% | 38% | 41% | 45% | 43% | 45% | 46% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 15% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 19% |
3 Years: | 25% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 28% |
3 Years: | 31% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 19% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
Reserves | 438 | 494 | 534 | 589 | 734 | 833 | 927 | 1,031 | 1,121 | 1,302 | 1,508 | 1,734 | 1,784 |
0 | 0 | 0 | 2 | 3 | 3 | 0 | 0 | 0 | 10 | 14 | 41 | 56 | |
252 | 231 | 247 | 291 | 299 | 299 | 335 | 336 | 391 | 475 | 516 | 498 | 615 | |
Total Liabilities | 718 | 753 | 808 | 910 | 1,063 | 1,189 | 1,318 | 1,423 | 1,568 | 1,843 | 2,093 | 2,328 | 2,510 |
197 | 286 | 338 | 327 | 322 | 341 | 317 | 321 | 360 | 348 | 366 | 434 | 601 | |
CWIP | 82 | 60 | 4 | 7 | 13 | 6 | 23 | 42 | 29 | 24 | 67 | 119 | 164 |
Investments | 45 | 51 | 55 | 55 | 155 | 166 | 191 | 203 | 603 | 734 | 552 | 786 | 559 |
394 | 356 | 411 | 521 | 573 | 676 | 787 | 856 | 576 | 737 | 1,108 | 989 | 1,186 | |
Total Assets | 718 | 753 | 808 | 910 | 1,063 | 1,189 | 1,318 | 1,423 | 1,568 | 1,843 | 2,093 | 2,328 | 2,510 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
111 | 101 | 96 | 98 | 131 | 161 | 124 | 82 | 307 | 331 | 186 | 341 | |
-93 | -76 | -25 | -29 | -37 | -43 | -40 | -53 | -437 | -225 | -55 | -202 | |
-39 | -42 | -43 | -40 | -95 | 7 | -57 | -68 | -93 | -95 | -114 | -139 | |
Net Cash Flow | -22 | -18 | 29 | 29 | -1 | 125 | 28 | -39 | -223 | 11 | 17 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 38 | 37 | 33 | 41 | 41 | 36 | 45 | 47 | 47 | 45 | 43 | 37 |
Inventory Days | 144 | 125 | 150 | 154 | 174 | 149 | 149 | 161 | 147 | 157 | 178 | 144 |
Days Payable | 64 | 50 | 61 | 62 | 59 | 104 | 108 | 91 | 114 | 156 | 130 | 89 |
Cash Conversion Cycle | 118 | 111 | 123 | 134 | 156 | 82 | 86 | 117 | 80 | 46 | 90 | 92 |
Working Capital Days | 28 | 34 | 42 | 44 | 57 | 50 | 53 | 73 | 49 | 35 | 51 | 46 |
ROCE % | 34% | 28% | 22% | 25% | 22% | 20% | 23% | 23% | 20% | 24% | 26% | 27% |
Documents
Announcements
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Certificate Under Regulation 40(9) For The Year Ended March 31,2024
17 Apr - Certificate under Regulation 40(9) of SEBI(LODR) Regulations, 2015, for the year ended March 31, 2024
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Compliance Certificate Under Regulation 7(3)
17 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 16 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16 Apr
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Disclosure Under Regulation 30 Of The SEBI (LODR), Regulations, 2015,
16 Apr - Mr. Krishna Prasad, Executive Director of the Company has expressed his desire to retire from the Company and from the Board in May 2024. The …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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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
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Strong Parentage
The Co is one of the subsidiaries of Compagnie de Saint Gobain (Saint Gobain), a transnational group with its headquarters in Paris. As of March 2021, it holds a stake of 51.33% in the Co. [1]