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NSE:GRINDWELL

GRINDWELL NORTON LIMITED

Capital Goods › Industrial Products·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹1,860.00
at close · 28 Oct 2026
▲ 10.00 (+0.54%)

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Board Meeting on Oct 29 to consider Q2/H1 FY26-27 results · Results
  2. Routine quarterly demat compliance certificate filed with exchanges · Compliance
  3. Newspaper ad on special window for share dematerialisation · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells industrial products across four reported segments, generating Rs 3,073.19 crore in FY26 revenue. Abrasives is the largest line at 47.9% of segment revenue, followed by Ceramics & Plastics at 42.1%, Digital Services at 7.2%, and Others at 2.8%. On a Q1 FY27 basis, standalone revenue from operations was Rs 793.86 crore, up 14.4% year-on-year, with net profit of Rs 115.53 crore (up 22.4%), driven primarily by a 45% jump in Ceramics & Plastics segment profit and 8.5% growth in Abrasives. The biggest input cost is materials at 32.9% of revenue, followed by other operating expenses at 23.6% and employee costs at 11.4%. Capex was Rs 118.91 crore in FY26, or 3.9% of revenue, against depreciation of Rs 105.12 crore. The debt-to-equity ratio is 0.02, indicating a largely equity-funded balance sheet.

Revenue mix · reported segments
Abrasives47.9%
Ceramics & Plastics42.1%
Digital Services7.2%
Others2.8%
Operating scale
FY26 revenue from operations
Rs 3,073.19 croreFY26
Q1 FY27 standalone revenue
Rs 793.86 crore, up 14.4% YoYQ1 FY27
Q1 FY27 standalone net profit
Rs 115.53 crore, up 22.4% YoYQ1 FY27
Abrasives share of segment revenue
47.9% (Rs 1,490.79 crore)FY26
Ceramics & Plastics share of segment revenue
42.1% (Rs 1,310.58 crore)FY26
FY26 capex
Rs 118.91 croreFY26
Who pays it
Industrial customers across manufacturing sectors buying abrasives, ceramics, plastics and related products.
Biggest cost
Raw materials at 32.9% of revenue (Rs 1,010.13 crore in FY26).
Kind of business
Industrial-products maker with four diversified segments; asset-light balance sheet (debt-to-equity 0.02) and steady double-digit margin profile.
Where it sits
Listed on NSE and BSE under Industrials / Capital Goods / Industrial Products, classified in the Abrasives & Bearings basic industry.
Market Cap
₹20,594 Cr
P / E (TTM)
38.8×
EV / EBITDA
24.2×
Div Yield
0.91%
Growth
13.4%▲
Revenue 5y CAGR
PAT +11.9% · EBITDA +12.3%
Quality
23.5%▲
ROCE (5y median)
ROE 18.6% (5y median) · margin 21.8%
Leverage
0.02·
Debt / Equity · low
Net cash ₹18 Cr
Revenue FY21→FY26
1.9×▲
Margin −1.0 pts
₹1,638 Cr → ₹3,073 Cr
Cash conversion
1.04×▲
Operating cash ÷ profit · 5 yrs
₹1,910 Cr on ₹1,829 Cr
Moves on a normal day
1.18%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 389 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#261/337
P/B#290/316
ROCE#41/373
ROE#47/322
Debt / Equity#74/320
EBITDA margin#58/317
Revenue growth#152/311
Profit growth#164/314

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Returns on capital 23.5% (5-year median)
#41 of 373 in Industrial Products on the latest reported figures
Debt at 0.02× equity
lower than 77% of its 320 Industrial Products peers
Over 5 years it reported ₹1,829 Cr of profit and ₹1,910 Cr of operating cash — 1.04×
Profit is converting into cash
Pays out 45% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

GRINDWELL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GRINDWELL NORTON LIMITED's filed financials and exchange disclosures

What does GRINDWELL NORTON LIMITED do?

GRINDWELL NORTON LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol GRINDWELL.

Is GRINDWELL NORTON LIMITED profitable?

Yes. Over the trailing twelve months GRINDWELL NORTON LIMITED reported a net profit of ₹532 Cr on revenue of ₹3,876 Cr.

Does GRINDWELL NORTON LIMITED pay a dividend?

Yes. The dividend yield is 0.91% at the current price. It paid out 45% of its profit as dividend in FY26.

Is GRINDWELL NORTON LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹61 Cr on its 31 Mar 2026 balance sheet, but holds ₹18 Cr more cash than debt.

Is GRINDWELL NORTON LIMITED expensive compared with its peers?

On trailing P/E, GRINDWELL NORTON LIMITED ranks 261 of 337 in Industrial Products — cheaper than 23% of them, against an industry median of 17.6×. This is a position, not a valuation judgement.

How much does the GRINDWELL NORTON LIMITED share price move in a day?

On a typical session GRINDWELL NORTON LIMITED moves 1.18% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are GRINDWELL NORTON LIMITED's next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track GRINDWELL NORTON LIMITED's announcements?

Every NSE and BSE filing by GRINDWELL NORTON LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.