Grindwell Norton Ltd.

₹1,921

25.8 (1.4%)

GRINDWELL Share Price

Industrial Products

As on June 12, 2026

SectorCapital Goods

IndustryIndustrial Products

Basic IndustryAbrasives & Bearings

Market Cap₹ 21,369 Cr

P/E Ratio57.68

Dividend Yield0.18 %

Trendline Performance

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T&C*

Technicals

Indicators	Value	Signal
5-DMA	1,923.96	Bearish
10-DMA	1,907.34	Bullish
20-DMA	1,905.19	Bullish
50-DMA	1,716.25	Bullish
100-DMA	1,639.12	Bullish
200-DMA	1,619.55	Bullish

Historical Performance

1 Year

5.3%

3 Years

-8.3%

5 Years

60%

10 Years

469.4%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Net Sales	28,116	26,868	25,413	20,128	16,379
Total Expenditure	22,985	21,673	20,434	16,139	13,227
Other Income	799	683	578	556	598
Operating Profit	5,930	5,877	5,557	4,545	3,750
Interest	93	78	78	41	34
Depreciation	926	709	601	535	544
Profit Before Tax	4,920	5,083	4,859	3,959	3,172
Consolidated Net Profit	3,687	3,836	3,619	2,956	2,392
Adjusted EPS	33	35	33	27	22

Compounded Sales Growth

10 Years:19.9

5 Years:12.2

3 Years:6.9

TTM:0.9

Compounded Profit Growth

10 Years:29

5 Years:15.1

3 Years:4.5

TTM:-0.8

Stock Price CAGR

10 Years:18.9

5 Years:9.9

3 Years:-3.1

TTM:7.9

Return on Equity

10 Years:9.5

5 Years:21.6

3 Years:32.7

last year:33.3

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Share Capital	554	554	554	554	554
Total Reserves	21,847	19,865	17,387	15,027	13,007
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	1,493	1,285	918	474	496
Other Current Liabilities	1,676	1,583	1,586	1,136	943
Short Term Borrowings	44	67	86	---	---
Total Liabilities	30,546	27,656	24,059	21,159	18,621
Capital Work in Progress	254	1,275	1,235	662	240
Long Term Loans & Advances	634	520	745	586	289
Currents Investments	6,159	4,473	4,352	3,303	5,214
Short Term Loans and Advances	419	471	496	637	521
Total Current Assets	18,019	15,733	13,785	13,778	12,469
Total Assets	30,546	27,656	24,059	21,159	18,621
Adjusted Book Value	202	184	162	140	122

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a high PE of 57.68, indicating expensive valuation or elevated growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of -3.1%, indicating poor shareholder returns.
The stock carries a beta of 0.8, indicating volatility broadly in line with the market.
In the last financial year, the company reported an EBITDA of ₹5930 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹28116 million, indicating a large and established business.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 1078547

No. of Shares: 561 (Approx)

Performance:7.9%

P/L: ₹78547

NIFTY Performance: -4.4%

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