Grindwell Norton Ltd.

₹2,088.5

-84.7 (-3.9%)

GRINDWELL Share Price

Industrial Products

As on July 3, 2026

SectorCapital Goods

IndustryIndustrial Products

Basic IndustryAbrasives & Bearings

Market Cap₹ 23,124 Cr

P/E Ratio55.63

Dividend Yield0.18 %

Trendline Performance

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Technicals

Indicators	Value	Signal
5-DMA	2,145.68	Bearish
10-DMA	2,145.73	Bearish
20-DMA	2,063.32	Bullish
50-DMA	1,888.92	Bullish
100-DMA	1,718.23	Bullish
200-DMA	1,657.92	Bullish

Historical Performance

1 Year

17.2%

3 Years

-7%

5 Years

66.2%

10 Years

456.7%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Net Sales	30,732	28,116	26,868	25,413	20,128
Total Expenditure	24,995	22,985	21,673	20,434	16,139
Other Income	949	799	683	578	556
Operating Profit	6,686	5,930	5,877	5,557	4,545
Interest	82	93	78	78	41
Depreciation	1,051	926	709	601	535
Profit Before Tax	5,554	4,920	5,083	4,859	3,959
Consolidated Net Profit	4,157	3,687	3,836	3,619	2,956
Adjusted EPS	38	33	35	33	27

Compounded Sales Growth

10 Years:21.7

5 Years:13.4

3 Years:3.9

TTM:1.8

Compounded Profit Growth

10 Years:31.6

5 Years:11.7

3 Years:2.8

TTM:2.4

Stock Price CAGR

10 Years:18.8

5 Years:9.9

3 Years:-1.6

TTM:19.8

Return on Equity

10 Years:10.8

5 Years:26.7

3 Years:34.6

last year:37.5

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-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Share Capital	554	554	554	554	554
Total Reserves	24,604	21,847	19,865	17,387	15,027
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	1,332	1,493	1,285	918	474
Other Current Liabilities	1,914	1,676	1,583	1,586	1,136
Short Term Borrowings	---	44	67	86	---
Total Liabilities	34,357	30,546	27,656	24,059	21,159
Capital Work in Progress	512	254	1,275	1,235	662
Long Term Loans & Advances	526	634	520	745	586
Currents Investments	6,681	6,159	4,473	4,352	3,303
Short Term Loans and Advances	472	419	471	496	637
Total Current Assets	21,121	18,019	15,733	13,785	13,778
Total Assets	34,357	30,546	27,656	24,059	21,159
Adjusted Book Value	227	202	184	162	140

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a high PE of 55.63, indicating expensive valuation or elevated growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of -1.6%, 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 ₹6686 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹30732 million, indicating a large and established business.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 1201668.6

No. of Shares: 575 (Approx)

Performance:20.2%

P/L: ₹201668.6

NIFTY Performance: -4.7%

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