Grindwell Norton Ltd

Grindwell Norton Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Grindwell Norton Ltd

₹ 2,064 1.15%
26 May - close price
grindwellnorton.co.in BSE: 506076 NSE : GRINDWELL
About

Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 22,852 Cr.
  • Current Price ₹ 2,064
  • High / Low ₹ 2,328 / 1,451
  • Stock P/E 63.2
  • Book Value ₹ 163
  • Dividend Yield 0.70 %
  • ROCE 28.7 %
  • ROE 21.4 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 20.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 44.4%

Cons

  • Stock is trading at 12.6 times its book value
  • Working capital days have increased from 65.8 days to 107 days

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
366 232 439 458 509 439 513 502 559 638 635 604 665
306 213 345 360 396 353 412 412 435 510 513 485 536
Operating Profit 60 20 94 98 113 87 101 89 124 128 122 119 129
OPM % 16% 8% 21% 21% 22% 20% 20% 18% 22% 20% 19% 20% 19%
10 26 8 5 12 14 10 17 12 11 15 9 21
Interest 1 1 1 1 1 1 1 1 2 1 1 4 2
Depreciation 14 13 14 14 14 14 13 13 13 14 16 16 15
Profit before tax 54 32 87 88 110 86 97 93 120 125 120 108 133
Tax % 23% 12% 26% 26% 28% 26% 26% 25% 25% 26% 25% 26% 26%
Net Profit 42 28 64 65 80 64 72 70 90 93 90 80 98
EPS in Rs 3.74 2.57 5.81 5.96 7.27 5.80 6.50 6.30 8.10 8.35 8.13 7.24 8.96
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
906 947 966 1,135 1,151 1,263 1,431 1,598 1,580 1,638 2,013 2,541
745 794 821 954 966 1,070 1,183 1,326 1,315 1,314 1,612 2,044
Operating Profit 161 153 145 181 184 193 248 272 265 324 400 498
OPM % 18% 16% 15% 16% 16% 15% 17% 17% 17% 20% 20% 20%
11 10 12 17 22 31 26 35 40 51 53 56
Interest 3 3 3 3 2 2 2 2 4 3 4 8
Depreciation 21 24 32 42 43 42 45 45 58 54 53 60
Profit before tax 148 136 122 154 161 180 227 260 243 317 396 486
Tax % 31% 28% 31% 32% 34% 33% 34% 35% 24% 25% 25% 26%
Net Profit 103 97 84 104 106 121 151 169 184 238 295 362
EPS in Rs 9.30 8.79 7.58 9.32 9.51 10.78 13.53 15.10 16.48 21.60 26.70 32.69
Dividend Payout % 35% 37% 43% 35% 34% 37% 37% 40% 46% 44% 45% 44%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 17%
TTM: 26%
Compounded Profit Growth
10 Years: 14%
5 Years: 20%
3 Years: 28%
TTM: 29%
Stock Price CAGR
10 Years: 32%
5 Years: 33%
3 Years: 58%
1 Year: 18%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28 28 28 28 28 55 55 55 55 55 55 55
Reserves 434 489 530 588 735 838 935 1,043 1,132 1,309 1,513 1,750
19 22 16 15 15 8 0 0 0 12 15 51
263 245 259 309 311 309 349 347 404 485 527 555
Total Liabilities 743 784 833 940 1,089 1,210 1,339 1,445 1,592 1,862 2,110 2,412
232 327 375 360 350 368 342 345 385 370 386 586
CWIP 85 62 6 7 14 6 25 43 29 24 67 124
Investments 28 31 35 35 135 145 171 183 583 713 531 642
398 364 418 538 590 690 802 875 595 755 1,127 1,060
Total Assets 743 784 833 940 1,089 1,210 1,339 1,445 1,592 1,862 2,110 2,412

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
119 104 106 106 139 170 134 85 318 331 187 356
-96 -81 -26 -30 -38 -40 -41 -54 -442 -230 -54 -223
-44 -41 -51 -46 -102 3 -60 -68 -95 -95 -114 -140
Net Cash Flow -22 -18 29 29 -0 133 32 -37 -220 7 19 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 34 42 42 37 45 47 47 45 43 40
Inventory Days 162 140 163 171 190 162 159 169 155 163 184 146
Days Payable 69 52 62 67 62 109 114 93 116 158 134 94
Cash Conversion Cycle 132 125 135 145 171 89 90 123 87 50 92 92
Working Capital Days 28 34 40 44 60 51 54 74 50 37 53 107
ROCE % 34% 27% 22% 25% 22% 21% 23% 23% 20% 23% 26% 29%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
58.32 58.32 58.32 58.32 58.32 58.08 58.08 58.08 58.08 58.08 58.04 58.04
3.84 3.79 3.92 4.24 4.57 4.99 6.10 7.05 7.44 7.52 8.41 8.28
16.21 16.34 16.26 16.12 17.43 17.24 16.03 15.69 15.48 15.58 14.89 15.32
21.63 21.55 21.50 21.31 19.68 19.69 19.79 19.18 19.00 18.82 18.66 18.37

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2023
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  • May 2022
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  • May 2021
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  • May 2020
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  • May 2019
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  • May 2019
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  • Jun 2018
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  • May 2017
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  • Jun 2016
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