| Quarterly Financials | Mar 2015 | Jun 2015 | Sept 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sept 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sept 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
Revenue  | 300 | 292 | 281 | 276 | 318 | 315 | 318 | 321 | 332 | 342 | 350 | 370 | 388 | 388 | 420 | 399 | 412 | 419 | 399 | 416 | 374 | 257 | 444 | 463 | 519 | 450 | 523 | 519 | 570 | 649 | 650 | 609 | 682 | 679 | 684 | 670 | 705 | 719 | 714 | 718 | 729 |
| Expenses | 249 | 244 | 234 | 230 | 260 | 261 | 265 | 271 | 274 | 286 | 287 | 301 | 311 | 312 | 346 | 331 | 338 | 341 | 327 | 341 | 306 | 213 | 346 | 360 | 396 | 353 | 412 | 413 | 435 | 510 | 513 | 485 | 536 | 534 | 536 | 533 | 567 | 573 | 565 | 579 | 582 |
| EBITDA | 51 | 48 | 47 | 46 | 58 | 54 | 52 | 51 | 59 | 56 | 64 | 69 | 77 | 76 | 74 | 68 | 75 | 78 | 72 | 75 | 68 | 44 | 98 | 103 | 123 | 98 | 111 | 107 | 135 | 139 | 137 | 124 | 146 | 145 | 148 | 137 | 138 | 147 | 150 | 138 | 147 |
| Operating Profit % | 16 % | 15 % | 15 % | 15 % | 17 % | 16 % | 14 % | 13 % | 16 % | 15 % | 16 % | 17 % | 18 % | 18 % | 17 % | 15 % | 16 % | 16 % | 16 % | 16 % | 16 % | 8 % | 21 % | 21 % | 22 % | 19 % | 20 % | 18 % | 22 % | 20 % | 19 % | 19 % | 19 % | 20 % | 19 % | 19 % | 18 % | 19 % | 18 % | 17 % | 18 % |
| Depreciation | 11 | 10 | 11 | 11 | 11 | 10 | 10 | 10 | 11 | 11 | 11 | 12 | 11 | 11 | 11 | 12 | 11 | 14 | 15 | 15 | 14 | 13 | 14 | 14 | 14 | 14 | 13 | 13 | 13 | 14 | 16 | 16 | 15 | 17 | 17 | 18 | 20 | 21 | 23 | 24 | 25 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 4 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 3 |
| Profit Before Tax | 41 | 39 | 37 | 37 | 48 | 45 | 43 | 43 | 49 | 47 | 54 | 59 | 68 | 67 | 64 | 63 | 66 | 66 | 60 | 63 | 54 | 32 | 87 | 88 | 110 | 86 | 97 | 93 | 120 | 125 | 120 | 108 | 133 | 130 | 135 | 122 | 120 | 125 | 128 | 116 | 123 |
| Tax | 14 | 14 | 13 | 12 | 17 | 16 | 14 | 15 | 14 | 16 | 18 | 19 | 23 | 23 | 24 | 22 | 23 | 23 | 8 | 16 | 12 | 4 | 22 | 23 | 31 | 23 | 25 | 23 | 30 | 32 | 30 | 28 | 34 | 33 | 33 | 30 | 28 | 32 | 30 | 28 | 30 |
| Net Profit | 28 | 26 | 25 | 25 | 31 | 30 | 30 | 28 | 34 | 30 | 36 | 40 | 44 | 44 | 41 | 42 | 43 | 43 | 52 | 47 | 42 | 28 | 64 | 65 | 80 | 64 | 72 | 70 | 90 | 93 | 90 | 80 | 99 | 97 | 102 | 92 | 93 | 93 | 97 | 88 | 93 |
| EPS in ₹ | 4.92 | 2.28 | 2.20 | 4.38 | 9.50 | 2.63 | 2.64 | 2.44 | 3.05 | 2.71 | 3.22 | 3.61 | 3.97 | 3.91 | 3.64 | 3.73 | 3.84 | 3.86 | 4.70 | 4.18 | 3.74 | 2.57 | 5.81 | 5.96 | 7.27 | 5.80 | 6.50 | 6.30 | 8.10 | 8.35 | 8.13 | 7.24 | 8.96 | 8.76 | 9.20 | 8.32 | 8.36 | 8.42 | 8.69 | 7.84 | 8.36 |
Grindwell Norton
1,621.70
-77.10
(-4.54%)
Market Cap
18,809.10 Cr
EPS
34.65
PE Ratio
51.13
Dividend Yield
1.00 %
Industry
Industrial Products52 Week High
2,960.00
52 Week Low
1,356.05
PB Ratio
8.37
Debt to Equity
0.03
Sector
Abrasives & Bearings
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from4 analysts
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,199.20 | #1 24,346.80 | 54.42 | 2,950.30 | 3.16 | 392 | 32.11 | 54.17 | |
4,573.20 | 22,862.10 | 40.43 | 4,664.10 | 7.05 | #1 552 | 16.04 | 52.64 | |
1,621.70 | #3 18,809.10 | #5 51.13 | #4 2,755.10 | #4 6.07 | #4 384 | #4 0.11 | 33.50 | |
929.05 | 17,832.60 | 49.59 | #1 4,778.80 | 1.01 | 476 | -78.89 | 35.16 | |
8,315.00 | 1,665.00 | 42.14 | 234.00 | 8.74 | 41 | -3.73 | 37.41 | |
224.35 | 366.90 | 123.49 | 51.90 | 1.03 | 11 | - | 47.63 | |
912.55 | 299.30 | #1 21.82 | 133.90 | #1 10.30 | 19 | -32.79 | 50.41 | |
26.71 | 66.90 | - | 75.00 | -9.20 | -26 | #1 641.10 | 47.20 |
Forecast
Actual
Growth Rate
Revenue Growth
6.07 %
Net Income Growth
6.22 %
Cash Flow Change
-6.28 %
ROE
-6.63 %
ROCE
-9.07 %
EBITDA Margin (Avg.)
-0.28 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 940 | 1,089 | 1,215 | 1,344 | 1,449 | 1,595 | 1,865 | 2,119 | 2,410 | 2,770 |
| Fixed Assets | 360 | 351 | 368 | 342 | 345 | 385 | 370 | 386 | 586 | 756 |
| Current Assets | 516 | 576 | 675 | 776 | 859 | 989 | 1,247 | 1,378 | 1,379 | 1,573 |
| Capital Work in Progress | 7 | 14 | 6 | 25 | 43 | 29 | 24 | 67 | 124 | 128 |
| Investments | 0 | 135 | 146 | 171 | 183 | 583 | 713 | 531 | 642 | 689 |
| Other Assets | 573 | 590 | 695 | 806 | 879 | 599 | 757 | 1,136 | 1,058 | 1,197 |
| Total Liabilities | 940 | 1,089 | 1,215 | 1,344 | 1,449 | 1,595 | 1,865 | 2,119 | 2,410 | 2,770 |
| Current Liabilities | 274 | 276 | 262 | 293 | 289 | 342 | 436 | 489 | 497 | 570 |
| Non Current Liabilities | 42 | 41 | 49 | 48 | 49 | 52 | 52 | 51 | 96 | 133 |
| Total Equity | 624 | 773 | 904 | 1,003 | 1,112 | 1,201 | 1,377 | 1,580 | 1,817 | 2,067 |
| Reserve & Surplus | 588 | 736 | 838 | 935 | 1,043 | 1,132 | 1,310 | 1,513 | 1,750 | 2,000 |
| Share Capital | 28 | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | 29 | -0 | 133 | 32 | -38 | -220 | 7 | 19 | 1 | 10 |
| Investing Activities | -30 | -38 | -40 | -41 | -54 | -442 | -230 | -54 | -251 | -184 |
| Operating Activities | 106 | 139 | 170 | 134 | 85 | 318 | 331 | 187 | 393 | 368 |
| Financing Activities | -46 | -102 | 3 | -60 | -68 | -95 | -95 | -114 | -140 | -175 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
| Promoter | 58.32 % | 58.32 % | 58.08 % | 58.08 % | 58.08 % | 58.08 % | 58.08 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % | 58.03 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 8.31 % | 8.63 % | 8.26 % | 6.97 % | 6.75 % |
| DIIs | 15.93 % | 17.22 % | 16.83 % | 15.54 % | 15.32 % | 15.11 % | 15.17 % | 14.90 % | 15.33 % | 15.39 % | 14.76 % | 15.06 % | 15.90 % | 16.15 % | 16.70 % | 18.08 % | 18.34 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 13.66 % | 13.39 % | 13.43 % | 13.59 % | 13.17 % | 13.17 % | 13.08 % | 12.88 % | 12.78 % | 12.65 % | 12.66 % | 12.51 % | 12.25 % | 11.76 % | 11.49 % | 11.42 % | 11.41 % |
| Others | 12.09 % | 11.06 % | 11.67 % | 12.79 % | 13.44 % | 13.65 % | 13.67 % | 14.18 % | 13.86 % | 13.93 % | 14.55 % | 14.39 % | 5.50 % | 5.43 % | 5.52 % | 5.50 % | 5.46 % |
| No of Share Holders | 18,991 | 30,246 | 32,578 | 47,291 | 45,709 | 46,477 | 56,406 | 53,592 | 51,996 | 49,457 | 51,240 | 52,199 | 47,954 | 47,493 | 50,455 | 50,300 | 46,810 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 4 | 5 | 6 | 7.5 | 9.5 | 12 | 14.5 | 17 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.79 | 0.84 | 1.32 | 0.79 | 0.53 | 0.66 | 0.76 | 1 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 25 Jul 2025 |  Annual General Meeting | NA | 25 Jul 2025 | 1,762.90 | 1,698.80 |
| 15 Jul 2025 |  Dividend | ₹ 17.00 /share | 15 Jul 2025 | 1,762.90 | 1,698.80 |
| 09 May 2025 |  Quarterly Result Announcement | NA | 09 May 2025 | 1,681.30 | 1,762.90 |
| 13 Feb 2025 | Quarterly Result Announcement | NA | 13 Feb 2025 | 1,898.60 | 1,691.00 |
| 30 Oct 2024 | Quarterly Result Announcement | NA | 30 Oct 2024 | 2,415.65 | 2,114.00 |
| 18 Jul 2024 | Annual General Meeting | NA | 18 Jul 2024 | 2,115.00 | 2,675.15 |
| 10 Jul 2024 | Dividend | ₹ 17.00 /share | 09 Jul 2024 | 2,115.00 | 2,887.80 |
| 14 Aug 2023 | Annual General Meeting | NA | 14 Aug 2023 | 1,896.95 | 2,268.45 |
| 05 Aug 2023 | Dividend | ₹ 14.50 /share | 04 Aug 2023 | 1,896.95 | 2,273.60 |
| 20 Jul 2022 | Dividend | ₹ 12.00 /share | 19 Jul 2022 | 1,699.90 | 1,679.90 |
| 22 Jul 2021 | Dividend | ₹ 9.50 /share | 19 Jul 2021 | 1,048.25 | 1,234.45 |
| 15 Jul 2016 |  Bonus | 1:1 | 14 Jul 2016 | 0.00 | 0.00 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
Jun 07, 2025
Jun 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 24, 2025
May 24, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 14, 2025
May 14, 2025Investment In Jamnagar Renewals Two Private LimitedMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)May 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorMay 09, 2025
May 09, 2025Intimation Of 75Th Annual General Meeting To Be Held On Friday July 25 2025May 09, 2025
May 09, 2025Corporate Action-Board approves DividendMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesMay 09, 2025
May 09, 2025Board Meeting Outcome for Outcome Of The Board MeetingMay 09, 2025
May 09, 2025Board Meeting Intimation for Intimation Of Board Meeting For Approval Of Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2025Apr 28, 2025
Apr 28, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Apr 04, 2025Details Of Key Managerial Personnel Under Regulation 30(5) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Mar 27, 2025
Mar 27, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMar 27, 2025
Mar 27, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMar 27, 2025
Mar 27, 2025Closure of Trading WindowMar 26, 2025
Mar 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 26, 2025
Feb 26, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (Regulation)Feb 25, 2025
Feb 25, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotFeb 25, 2025
Feb 25, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateFeb 20, 2025
Feb 20, 2025Announcement under Regulation 30 (LODR)-RetirementFeb 20, 2025
Feb 20, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 20, 2025
Feb 20, 2025Integrated Filing (Financial)Feb 13, 2025
Feb 13, 2025Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2024Feb 13, 2025
Feb 13, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 13, 2025
Feb 13, 2025Board Meeting Intimation for Intimation Of Board Meeting For Approval Of Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2024Jan 31, 2025
Jan 31, 2025Integrated Filing (Governance)Jan 13, 2025
Jan 13, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 06, 2025
Jan 06, 2025Change In Name Of Registrar And Share Transfer Agent (RTA)Dec 31, 2024
Dec 31, 2024Closure of Trading WindowDec 30, 2024
Dec 30, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateDec 02, 2024
Dec 02, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateDec 02, 2024
Dec 02, 2024Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Nov 27, 2024
Nov 27, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateNov 18, 2024
Nov 18, 2024Disclosure Under Regulation 30 - Proposed Investment In VEH Wind Energy Private Limited ('Project')Oct 30, 2024
Oct 30, 2024Board Meeting Outcome for Outcome Of Board MeetingOct 30, 2024
Oct 30, 2024Outcome Of Board MeetingOct 30, 2024
Oct 30, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateOct 29, 2024
Oct 29, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateOct 21, 2024
Oct 21, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateOct 18, 2024
Oct 18, 2024Board Meeting Intimation for The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024Oct 14, 2024
Oct 14, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateOct 04, 2024
Oct 04, 2024Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Oct 01, 2024
Oct 01, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Technical Indicators
RSI(14)
Neutral 40.79
ATR(14)
Volatile 52.86
STOCH(9,6)
Neutral 22.06
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -15.63
ADX(14)
Weak Trend 22.58
UO(9)
Bearish 39.62
ROC(12)
Downtrend And Accelerating -4.18
WillR(14)
Oversold -95.81
Mutual Fund Holdings
SBI Long Term Equity Fund Direct Plan-Growth 
ICICI Prudential Infrastructure Direct-Growth 
Axis Multicap Fund Direct-Growth 
Baroda BNP Paribas Flexi Cap Fund Direct - Growth 
Edelweiss Large & Mid Cap Direct Plan-Growth 
Sundaram Mid Cap Fund Direct-Growth 
Canara Robeco Infrastructure Direct-Growth 
Invesco India Infrastructure Fund Direct-Growth 
UTI Mid Cap Fund Direct-Growth 
Bandhan Infrastructure Fund Direct Plan-Growth 
NJ Flexi Cap Fund Direct - Growth 
DSP Nifty Midcap 150 Quality 50 Index Fund Direct - Growth 
Quantum Ethical Fund Direct - Growth 
HDFC BSE 500 Index Fund Direct - Growth 
Mahindra Manulife Mid Cap Fund Direct - Growth About Grindwell Norton
Grindwell Norton Limited (GNL) is a subsidiary of Compagnie de Saint-Gobain, operating in the High Performance Solutions sector. GNL's business is divided into three segments: Abrasives, Ceramics & Plastics, and IT Services. The company manufactures abrasives, silicon carbide, high performance refractories, and performance plastics products. GNL has multiple manufacturing sites across India and Bhutan, with certifications including ISO 9001, ISO 14001, and OHSAS 18001. The company produces a wide range of products including industrial abrasives, polymer products, and ceramic and refractory items for various industrial applications. GNL also provides digital services such as application development, infrastructure management, and cybersecurity to the Saint-Gobain group globally. Recently, the company has expanded through acquisitions, joint ventures, and new plant commissions to enhance its production capabilities and market presence.
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