Grindwell Norton Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 19 per equity share.
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Grindwell Norton Limited reported strong FY2026 results with standalone revenue from operations of Rs. 3,02,587 lakhs, up 10.5% from Rs. 2,73,736 lakhs in FY2025. Standalone net profit grew 14.3% to Rs. 41,260 lakhs from Rs. 36,083 lakhs, while consolidated net profit rose 12.3% to Rs. 41,679 lakhs from Rs. 37,127 lakhs. Basic EPS improved to Rs. 37.27 from Rs. 32.59. The Board recommended a final dividend of Rs. 19 per equity share (380% on face value of Rs. 5), subject to shareholder approval at the AGM on July 24, 2026. The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated financial results. The company operates across Abrasives, Ceramics & Plastics, and Digital Services segments, with Ceramics & Plastics showing particularly strong performance.
The clean audit opinion and solid profit growth indicate financial health, while the dividend of Rs. 19 per share (approx 51% payout ratio on FY2026 EPS) signals confidence in cash generation. The company appears to be delivering consistent growth across segments, which could be positive for the stock.