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Grindwell Norton Ltd

Updated on September 21, 2020

Stock/Share Code - GRINDWELL

Grindwell Norton is a holding company, which manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics. Its Abrasives segment offers bonded abrasives in the form of whe...show more

Below is the details of GRINDWELL Grindwell Norton Ltd

Market Cap₹5,588 Cr.
Current Price ₹525.45 as on 25 Sep 20
52 Week High / Low Price₹699 / ₹369.2
Face Value₹5
Stock P/E33.00
Book Value₹106.27
Dividend Yield1.47 %
ROCE20.13 %
ROE15.15 %
Sales Growth (3yrs)7.88 %
SectorCapital Goods-Non Electrical Equipment
IndustryAbrasives And Grinding Wheels
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has been maintaining a healthy dividend payout of 41.19%
Cons: The company has delivered a poor growth of 6.93% over past five years.

Grindwell Norton Ltd Price Chart

Grindwell Norton Ltd Price Chart

Grindwell Norton Ltd Peer Comparison in Capital Goods-Non Electrical Equipment

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Grindwell Norton 33.00 ₹5,588.04 Cr. 1.47 ₹28.49 Cr. -32.36 -43.32 230.40 20.13
2. Carborundum Uni. ₹249.05 21.33 ₹5,105.61 Cr. 1.02 ₹19.73 Cr. -62.61 -33.04 449.58 18.85
3. Wendt India ₹3,270.3 103.42 ₹708.43 Cr. 0.71 ₹0.41 Cr. -88.58 -43.75 22.46 9.59
4. Orient Abrasives ₹20.65 12.75 ₹230.9 Cr. 1.29 ₹2.16 Cr. -61.36 -29.74 61.68 12.79
5. Welcast Steels ₹10.4 ₹24 Cr. 0.67 -₹0.87 Cr. -422.22 -43.23 23.74 -0.13

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Grindwell Norton Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -340357378373408387399406388400358230
YOY Sales Growth %11.52%16.21%17.60%12.90%20.00%8.29%5.62%8.89%-4.89%3.44%-10.31%-43.32%
Expenses -285295307307340326335339325337300211
Material Cost %45.79%44.97%47.04%43.66%47.80%47.28%46.81%47.68%47.31%46.57%46.42%44.90%
Employee Cost %13.63%12.52%9.86%12.92%11.88%12.07%11.57%12.53%13.12%11.61%14.96%19.51%
Operating Profit556270666861646863645819
OPM %16%17%19%18%17%16%16%17%16%16%16%8%
Other Income8779512111211101426
Interest000000111111
Depreciation101110101111111414141412
Profit before tax535866656362636559595632
Tax %34%32%34%35%36%34%36%35%13%24%21%12%
Net Profit353944424041414252444528
EPS in Rs3.153.563.953.833.623.673.683.804.684.004.032.57
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -5027027979079459421,1101,1261,2361,4051,5671,5521,376
Sales Growth %13.90%39.88%13.44%13.79%4.25%-0.37%17.92%1.41%9.81%13.66%11.49%-0.93%
Expenses -4315866667548028109459581,0561,1691,3081,3001,173
Material Cost %42.38%44.38%44.29%44.84%47.34%45.94%45.29%45.94%46.51%45.80%46.43%47.01%
Manufacturing Cost %14.73%12.37%13.16%11.71%11.17%17.04%11.07%9.71%8.50%8.29%9.05%9.04%
Employee Cost %12.40%12.83%10.58%10.46%11.03%11.91%11.76%12.99%13.60%12.40%12.10%13.00%
Other Cost %16.35%13.89%15.51%16.18%15.27%11.15%17.01%16.44%16.77%16.69%15.88%14.70%
Operating Profit71116131152144131165168181236259252204
OPM %14%17%16%17%15%14%15%15%15%17%17%16%15%
Other Income23321114131520253329384660
Interest1000101111144
Depreciation14181617192635374042425553
Profit before tax79130126149136120149155173222253239207
Tax %30%33%32%30%28%31%32%34%33%34%35%24%
Net Profit5588861049882101102116147164183169
EPS in Rs4.635.937.258.838.276.898.478.5710.4813.2914.8016.5215.28
Dividend Payout %40%38%39%35%37%44%36%35%38%38%41%45%

Compounded Sales Growth

  • 10 Years:: 8.25%
  • 5 Years:: 6.93%
  • 3 Years:: 7.88%
  • TTM:: -13.98%

Compounded Profit Growth

  • 10 Years:: 7.54%
  • 5 Years:: 11.67%
  • 3 Years:: 15.67%
  • TTM:: 3.55%

Return on Equity

  • 10 Years:: 16.76%
  • 5 Years:: 6.12%
  • 3 Years:: 8.68%
  • 1 Year:: -8.45%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -282828282828282855555555
Equity Capital282828282828282855555555
Reserves2813303774384945345897348339271,0311,121
Borrowings000000233000
Other Liabilities -146171194252231247291299299335336391
Trade Payables4258577262728684164191181228
Advance from Customers00000000071511
Other liability items105113137180170175206215135137141152
Total Liabilities4555285987187538089101,0631,1891,3181,4231,568
Fixed Assets -158182187197286338327322341317321360
Gross Block258296316342447522544359418435480573
Accumulated Depreciation1001141291451611852183777118159213
CWIP23713826047136234229
Investments63505345515555155166191203603
Other Assets -211289346394356411521573676787856576
Inventories10194125160153178213247235263321294
Trade receivables718591959586126126123173202201
Cash Equivalents1782957355841131242422702307
Loans n Advances323630434559587275739268
Other asset items-9-85237412407127
Total Assets4555285987187538089101,0631,1891,3181,4231,568

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -4810778111101969813116112482307
Profit from operations88145138161153144180185205249281271
Receivables12-20-9-192-5-40-294-51-316
Inventory-317-31-357-25-35-2111-28-5727
Payables7151844-241443-1-1029-945
Loans Advances0000000-1-9-1-20
Other WC items00000004616-2-826
Working capital changes-123-22-10-15-16-32-612-53-108104
Direct taxes-29-41-38-40-37-32-51-48-57-71-91-68
Cash from Investing Activity --25-37-27-93-76-25-29-37-43-40-53-437
Fixed assets purchased-37-33-29-107-74-24-37-40-52-37-66-50
Fixed assets sold100000300000
Investments purchased-1-6-3-1-6-40-50-20-5-398
Investments sold2111911468111716
Interest received111111111211
Dividends received224411000004
Invest in subsidiaries-12-3-1000000000
Investment in group cos00000000000-11
Other investing items000000000300
Cash from Financing Activity --37-26-39-39-42-43-40-957-57-68-93
Repayment of borrowings-000000000-300
Proceeds from deposits000000006000
Interest paid fin-1-0-0-0-1-0-1-1-1-1-1-4
Dividends paid-33-22-33-33-36-36-36-720-44-55-66
Financial liabilities00000000000-9
Other financing items-4-4-6-6-6-6-3-223-9-11-14
Net Cash Flow-144413-22-182929-112528-39-223

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Ratios

Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %27%37%33%34%28%22%25%22%20%23%23%20%
Debtor Days514442383733414136454747
Inventory Turnover2.993.703.753.253.242.962.882.472.562.792.712.59

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.