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₹2,118.7

▲ +75.4 +3.69%

29 Jul 2026

NSE Listed · Capital Goods-Non Electrical Equipment

Grindwell Norton Limited (GRINDWELL)

Volume: 1,21,921Avg Vol 1W: 69,178Avg Vol 1M: 1,28,21352W Range:₹1,329₹2,455
NSE BSE www.grindwellnorton.co.in AI Report
Key Ratios
Checked just now
Market Cap₹23,458 Cr
Current Price₹2,118.7
Previous Close₹2,043.3
High / Low (52w)₹2,455 / ₹1,329
Volume1,21,921
Avg Vol (1W)69,178
Avg Vol (1M)1,28,213
Stock P/E197.64
Book Value₹228.93
Dividend Yield0.99%
ROE16.4%
ROA12.12%
Revenue (TTM)—
Revenue Growth4.65%
Profit Margin13.57%
Total Debt₹1 Cr
Shares Outstanding11 Cr
Face Value₹5
EPS (TTM)₹10.72
P/B9.25
Debt / Equity0.02
50 DMA₹2,026.22
200 DMA₹1,697.83
Day change+3.69%
Price Chart
₹2,118.7▲ 34.95% · 1Y
₹2382₹135310.6L
2025-07-29
2026-07-29

20-day avg volume: 1.3L shares

Pros
  • Healthy return on equity of 16.4%.
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 198.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹694 Cr₹703 Cr₹710 Cr₹703 Cr₹775 Cr₹753 Cr₹842 Cr₹803 Cr
EBITDA₹130 Cr₹118 Cr₹125 Cr₹128 Cr₹145 Cr₹131 Cr₹160 Cr₹155 Cr
Net Profit₹96 Cr₹87 Cr₹93 Cr₹94 Cr₹107 Cr₹95 Cr₹119 Cr₹116 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹2,891 Cr₹691 Cr₹694 Cr₹761 Cr₹742 Cr₹829 Cr₹3,168 Cr₹794 Cr
EBITDA₹500 Cr₹122 Cr₹128 Cr₹142 Cr₹128 Cr₹159 Cr₹563 Cr₹156 Cr
Net Profit₹369 Cr₹91 Cr₹94 Cr₹105 Cr₹94 Cr₹119 Cr₹416 Cr₹116 Cr
EPS33.3—————37.54—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹1,449 Cr₹1,595 Cr₹1,865 Cr₹2,119 Cr₹2,410 Cr₹2,770 Cr₹3,057 Cr₹3,438 Cr
Total Liabilities₹338 Cr₹394 Cr₹488 Cr₹539 Cr₹593 Cr₹703 Cr₹787 Cr₹888 Cr
Equity₹1,112 Cr₹1,201 Cr₹1,377 Cr₹1,580 Cr₹1,817 Cr₹2,067 Cr₹2,270 Cr₹2,550 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹178 Cr₹388 Cr₹410 Cr₹286 Cr₹516 Cr₹505 Cr₹573 Cr₹681 Cr
Investing₹-54 Cr₹-442 Cr₹-230 Cr₹-54 Cr₹-260 Cr₹-182 Cr₹-213 Cr₹-315 Cr
Financing₹-68 Cr₹-95 Cr₹-95 Cr₹-114 Cr₹-140 Cr₹-175 Cr₹-221 Cr₹-215 Cr
Free Cash Flow₹178 Cr₹388 Cr₹410 Cr₹286 Cr₹516 Cr₹505 Cr₹573 Cr₹681 Cr
Shareholding
Promoter 58.03% Institutions 24.8% Public 17.17%
Efficiency & Working Capital
ROCE21.9%
Interest Coverage69
Dividend Payout—
Debtor Days47 d
Inventory Days57 d
Payable Days61 d
Cash Conversion Cycle43 d
Working Capital Days104 d
Shareholding Details

As of 2026-06-30

Promoter58%
FII5.2%
DII19.6%
Institutions24.8%
Public17.2%
Promoter Pledge0%
No. of Shareholders45,545
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters58%58%58%58%58%58%58%58%58%58%58%58%
FIIs8.4%8.4%8.3%8.6%8.3%7%6.8%6.8%6.4%6.4%5.6%5.2%
DIIs14.8%15.1%15.9%16.1%16.7%18.1%18.3%18.2%18.4%18.4%19.2%19.6%
Public18.8%18.5%17.8%17.2%17%16.9%16.9%16.9%17.2%17.2%17.2%17.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders51,24052,19947,95447,49350,45550,30046,81047,11048,55749,01046,99445,545
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Saint Gobain Abrasives IncShareholding of Promoter and Promoter Group26.8%2.96 Cr
Spafi-societe De Participations Financieres Et IndustriellesShareholding of Promoter and Promoter Group24.6%2.72 Cr
Sbi Midcap FundPublic Shareholding9.3%1.03 Cr
Uti-flexi Cap FundPublic Shareholding2.5%27,80,104
Vera Anand MahajanShareholding of Promoter and Promoter Group1.7%18,89,115
Nippon Life India Trustee Ltd-a/c Nippon India Small Cap FundPublic Shareholding1.6%18,17,531
Khursheed M NarangShareholding of Promoter and Promoter Group1.3%14,82,515
Invesco India Manufacturing FundPublic Shareholding1.2%12,72,925
Icici Prudential Smallcap FundPublic Shareholding1.1%11,63,462
Ashaita MahajanShareholding of Promoter and Promoter Group1%10,57,028
Danesh M NarangShareholding of Promoter and Promoter Group1%10,47,000
Aakil Anand MahajanShareholding of Promoter and Promoter Group0.9%9,97,628
Anand Yashavant MahajanShareholding of Promoter and Promoter Group0.5%5,09,904
Saint Gobain India Private LimitedShareholding of Promoter and Promoter Group0.3%3,00,000
Malvinder C NarangShareholding of Promoter and Promoter Group0.1%1,38,000
Mikhil M NarangShareholding of Promoter and Promoter Group0%5,069
Board of Directors
NameDesignationYear
SUBODH SATCHITANAND NADKARNIChairman & Independent Directo2026
Archana Niranjan HingoraniIndependent Non Exe. Director2026
Kaustubh Govind ShuklaIndependent Non Exe. Director2026
Aakil MahajanNon Executive Director2026
David MolhoNon Executive Director2026
Stephanie BilletNon Executive Director2026
Sreedhar NatarajanNon Executive Director2026
Hari SingudasuExecutive Director & CFO2026
Venugopal ShanbhagExecutive Director & MD2026
GIRISH THANWARDAS SHAJANICompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Abrasives₹545 Cr68.5%
Ceramics & Plastics₹232 Cr29.2%
Others₹19 Cr2.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹5665555
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-24Board Meetings—
forthcoming2026-07-10Dividend (19/- per share)Final
dividend2026-07-10₹19 (380%)Final
dividend2025-07-15₹17 (340%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20261,04512113161,101
2026310251654
2026000101
Insider / Designated-Person Trades

7 recent disclosure(s)

Mikhil M. Narang RevisedDisposal · 4,30,000
Danesh M. NarangAcquisition · 4,30,000
Mikhil M. NarangDisposal · 4,30,000
Danesh M. Narang RevisedAcquisition · 4,30,000
Rajani SeshadriAcquisition · 4,000
K. M. NARANGDisposal · 4,124
Substantial Acquisitions (SAST)

2 disclosure(s)

Market25/11/2024 · 9,01,070
Market13/08/2024 · 27,448
Company Information
Incorporated1950
ChairmanSUBODH SATCHITANAND NADKARNI
AuditorKalyaniwalla & Mistry LLP
Investor Email[email protected]
🌐 www.grindwellnorton.co.in ↗

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