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Fincash » Search » Grindwell Norton Ltd

Grindwell Norton Ltd

Updated on April 14, 2019

Stock/Share Code - GRINDWELL

Grindwell Norton is a holding company, which manufactures abrasives.

Below is the details of GRINDWELL Grindwell Norton Ltd

Market Cap₹6,022 Cr.
Current Price ₹603.5 as on 18 Apr 19
52 Week High / Low Price₹600.75 / ₹471.8
Face Value₹5
Stock P/E36.11
Book Value₹90.19
Dividend Yield0.92 %
ROCE22.79 %
ROE15.07 %
Sales Growth (3yrs)8.17 %
SectorCapital Goods-Non Electrical Equipment
IndustryAbrasives And Grinding Wheels
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Company has been maintaining a healthy dividend payout of 37.01%
Cons: The company has delivered a poor growth of 8.26% 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. Carborundum Uni. ₹373.85 27.91 ₹7,035.06 Cr. 0.60 ₹58.58 Cr. 3.74 13.29 692.86 20.44
2. Grindwell Norton 35.67 ₹6,022.06 Cr. 0.92 ₹41.25 Cr. 3.10 8.04 394.80 23.19
3. Grindwell Norton 36.11 ₹6,022.06 Cr. 0.92 ₹40.65 Cr. 3.22 8.29 386.98 22.79
4. Wendt India ₹3,011 28.80 ₹585 Cr. 0.85 ₹5.44 Cr. 64.85 20.50 43.61 16.16
5. Orient Abrasives ₹25.4 15.48 ₹278.07 Cr. 1.08 ₹5.04 Cr. 28.90 -6.10 84.21 10.38
6. Welcast Steels ₹20.35 28.97 ₹36.8 Cr. 0.35 ₹0.4 Cr. 566.67 10.19 62.39 7.75

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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

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales307303305308321331340357378373408387
YOY Sales Growth %5.22%7.5%12.78%15.09%4.7%9.07%11.52%16.21%17.6%12.9%20%8.29%
Expenses257256262266272282285295307307340326
Material Cost %47.05%47.24%46.98%46.74%45.66%45.31%45.79%44.97%47.04%43.66%47.8%47.28%
Employee Cost %12.64%12.72%13.35%14.26%14.05%13.91%13.63%12.52%9.86%12.92%11.88%12.07%
Operating Profit494743415049556270666861
OPM %16%16%14%13%15%15%16%17%19%18%17%16%
Other Income6699878779512
Interest000010000000
Depreciation101010101110101110101111
Profit before tax454342414745535866656362
Tax %34%35%32%35%30%35%34%32%34%35%36%34%
Net Profit302828273329353944424041
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 2006Dec 2007Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales3734415027027979079459421,1101,1261,2361,4051,546
Sales Growth %17.32%18.21%13.9%39.88%13.44%13.79%4.25%-0.37%17.92%1.41%9.81%13.66%%
Expenses3083684315866667548028109459581,0561,1691,280
Material Cost %38.51%39.46%42.38%44.38%44.29%44.84%47.34%45.94%45.29%45.94%46.51%45.8%%
Manufacturing Cost %15.32%14.37%14.73%12.37%13.16%11.71%11.17%17.04%11.07%9.71%8.5%8.29%%
Employee Cost %11.45%11.99%11.72%12.08%10.58%10.46%11.03%11.91%11.76%12.99%13.6%12.4%%
Other Cost %17.34%17.69%17.22%14.68%15.51%16.18%15.27%11.16%17.01%16.44%16.77%16.69%%
Operating Profit657371116131152144131165168181236266
OPM %17%17%14%17%16%17%15%14%15%15%15%17%17%
Other Income13992332111413152025332933
Interest0010001011111
Depreciation9121418161719263537404242
Profit before tax6915979130126149136120149155173222256
Tax %33%16%30%33%32%30%28%31%32%34%33%34%
Net Profit461345588861049882101102116147167
EPS in Rs3.9111.384.635.927.258.838.276.888.468.5710.4813.29
Dividend Payout %42%33%40%38%39%35%37%44%36%35%38%38%

Compounded Sales Growth

  • 10 Years:: 12.29%
  • 5 Years:: 8.26%
  • 3 Years:: 8.17%
  • TTM:: 14.59%

Compounded Profit Growth

  • 10 Years:: 9.32%
  • 5 Years:: 7.53%
  • 3 Years:: 12.47%
  • TTM:: 22.43%

Return on Equity

  • 10 Years:: 17.43%
  • 5 Years:: 14.89%
  • 3 Years:: 14.34%
  • TTM:: 15.07%

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 2006Dec 2007Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital28282828282828282828555555
Equity Capital27.6827.6827.6827.6827.6827.6827.6827.6827.6827.6855.3655.36
Reserves166248277325372434490530586730829924943
Borrowings2200000023300
Other Liabilities227165159183206265246261304312317357389
Trade Payables26.9235.9541.5357.6256.8671.6861.7172.3385.684.03164.01190.87224.15
Total Liabilities4234434645366067277638199201,0741,2041,3361,387
Fixed Assets119137158182187197286338327322341317317
Gross Block199.36225.64258.24295.92316.07341.62447.06522.13544.28359.09417.94434.74
Accumulated Depreciation80.4888.86100.46113.58129.23144.56160.93184.57217.5336.7876.51117.99
CWIP722237138260471362331
Investments537863505345515555155166191185
Other Assets245206220296354403366422531583691805854
Inventories49.8870.21100.8493.55124.79159.99153.13178.19212.84246.75235.44263.48308.65
Trade receivables61.3282.4570.784.9991.3295.4695.3385.75125.71126.37123.42173.24208.07
Cash Equivalents10.221.5616.5281.9694.6973.1455.4884.38113.11123.88242.34269.64252.2
Loans n Advances123.2831.5531.7835.930.4642.6245.1358.5757.871.6475.0373.2713.42
Total Assets4234434645366067277638199201,0741,2041,3361,387

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 2006Dec 2007Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity452748107781111019698131161124
Profit from operations72.7585.9387.95145.07137.84160.86153.27143.72180.44185.24205.11246.45
Working Capital Changes-5.36-31.17-11.632.89-22.05-10.23-15.43-16.07-31.71-5.912.36-51.46
Taxes paid-22.47-27.58-28.65-40.59-37.59-40.08-37.28-31.52-50.63-48.1-56.71-71.03
Cash from Investing Activity-4827-25-37-27-93-76-25-29-37-43-44
Fixed Assets Purchased-62.8-42.7-36.72-32.53-28.66-106.58-73.51-24.3-36.55-39.67-51.8-36.59
Fixed Assets Sold0.720.540.660.370.180.030.090.362.790.190.150.21
Investments purchased0-20-0.52-6.01-3-0.74-5.83-4.310-50-21.43
Investments sold5.981.8320.831.361.498.650.641.423.586.477.9611.44
Cash from Financing Activity-15-36-37-26-39-39-42-43-40-957-57
Proceeds from Borrowings2.121.630000000000
Repayment of Borrowings00-0.17000000000
Interest Paid-0.15-0.29-0.6-0.25-0.28-0.36-0.59-0.45-0.56-0.69-1.1-1.05
Dividends Paid-15.24-30.68-32.79-22.09-33.13-33.22-35.99-35.98-35.98-71.970-44.29
Net Cash Flow-1919-144413-22-182929-112523

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Ratios

Dec 2006Dec 2007Dec 2008Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %37%35%27%38%34%35%28%22%25%22%20%23%
Debtor Days606851444238373341413645
Inventory Turnover8.157.345.877.237.306.376.045.685.684.905.135.63

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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.