Grindwell Norton
1,672.40
+19.80(+1.20%)
Market Cap₹18,516.81 Cr
PE Ratio46.84
Company Performance:
1D+1.20%
1M+6.74%
6M+12.61%
1Y+9.35%
5Y+103.79%
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More news about Grindwell Norton
26Dec 25
Grindwell Norton Receives GST Demand Drop Order Worth ₹23.57 Crores
Grindwell Norton has received relief from GST Authority with proceedings dropped against original ₹23.57 crore demand, now reduced to ₹4.17 crores including interest and penalty. The company maintains the reduced demand is not maintainable and plans to file further appeal, expecting no material impact on operations.
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12Dec 25
Grindwell Norton Board Approves Enhanced Green Energy Investment and Management Change
Grindwell Norton Limited's Board meeting on December 12, 2025, resulted in two major decisions: enhancing green energy investment in JRTPL to ₹86.00 lakhs for Wind-Solar Hybrid Project at Halol Plant, and accepting Company Secretary K. Visweswaran's resignation from multiple key positions effective February 6, 2026, due to internal reorganization.
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12Dec 25
Grindwell Norton Board Approves Investment Increase in JRTPL to ₹8.60 Million
Grindwell Norton's board of directors has approved increasing the company's investment in JRTPL to ₹8.60 million. This strategic decision demonstrates the company's confidence in JRTPL's business prospects and aligns with its broader investment portfolio strategy. The board's approval represents a significant step in strengthening the company's position in associated entities.
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12Dec 25
Grindwell Norton Receives ₹12.98 Crore GST Demand Drop from Authorities
Grindwell Norton Limited has successfully obtained a favorable order from GST authorities, resulting in the complete withdrawal of a ₹12.98 crore demand related to Input Tax Credit mismatch for 2021-22. While this represents a significant positive development from the original ₹36.55 crore total demand disclosed in September 2025, the company still has another Show Cause Notice for ₹23.57 crores pending adjudication regarding job-work transactions.
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11Dec 25
Grindwell Norton Receives GST Order Worth ₹29.77 Lakhs from Bengaluru Tax Authorities
Grindwell Norton Limited received a GST order worth ₹29.77 lakhs from Bengaluru tax authorities on December 11, 2025, related to Input Tax Credit matters for FY 2021-22. The company is evaluating appeal options and stated there is no material impact on its financial or operational activities. The disclosure was made to stock exchanges under regulatory compliance requirements.
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30Oct 25
Grindwell Norton Reports 12.3% Revenue Growth in Q2
Grindwell Norton, a leading manufacturer of abrasives and industrial products, has announced strong financial results for the second quarter. The company's revenue increased by 12.3% to ₹7.75 billion, up from ₹6.90 billion in the same quarter last year. Consolidated net profit also rose by 11.5% to ₹1.07 billion, compared to ₹960.00 million in the previous year. These results indicate robust performance across core business segments and effective cost management.
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16Sept 25
Grindwell Norton Sees Block Trade Worth Rs. 29.88 Crores on NSE
A significant block trade of Grindwell Norton Ltd. shares occurred on the National Stock Exchange. The transaction involved 181,005 shares traded at Rs. 1,651.00 per share, totaling Rs. 29.88 crores. The parties involved in the trade were not disclosed. Grindwell Norton, part of the Saint-Gobain Group, is known for its expertise in abrasives, ceramics, and high-performance refractories.
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25Jul 25
Grindwell Norton Expands Footprint with ₹18 Crore Land Acquisition in Gujarat
Grindwell Norton Limited approved a land purchase of up to ₹18 crore in Halol, Gujarat for future business operations. The company also released Q1 FY2026 results, showing growth in both standalone and consolidated financials. Standalone net profit increased to ₹9,439.42 lakh from ₹9,190.59 lakh year-over-year, while consolidated net profit rose to ₹9,444.12 lakh from ₹9,336.59 lakh. The company's four business segments - Abrasives, Ceramics & Plastics, Digital Services, and Others - all reported positive revenues and segment results.
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25Jul 25
Grindwell Norton Reports Steady Q1 Performance, Approves Land Purchase for Future Growth
Grindwell Norton Limited reported a consolidated net profit of ₹94.44 crore for Q1, slightly up from ₹93.36 crore last year. Revenue remained stable at ₹703.46 crore. The company's Board approved the purchase of land in Halol, Gujarat, for up to ₹18.00 crore, to be completed by March 31, 2026. The Abrasives segment contributed ₹351.58 crore to revenue, while Ceramics & Plastics brought in ₹297.92 crore. EBITDA stood at ₹130.00 crore with an 18.46% margin. Managing Director Venugopal Shanbhag emphasized the company's resilience and strategic growth plans.
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30Jun 25
Grindwell Norton Proposes ₹17 Dividend for FY25, Sets Key Dates for Shareholder Actions
Grindwell Norton Limited has recommended a final dividend of ₹17.00 per equity share for FY2025. The company has set July 15, 2025, as the record date for dividend eligibility, with the Annual General Meeting scheduled for July 25, 2025, and the dividend payment date set for July 29, 2025, if approved. The AGM will also include voting on director appointments and auditor remuneration.
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09May 25
Grindwell Norton Reports Stable Q4 Results, Recommends Dividend
Grindwell Norton's Q4 FY2024 results show revenue increase to ₹717.50 crore, up 7.11% YoY. Net profit slightly decreased to ₹88.00 crore, down 4.45%. EBITDA marginally rose to ₹138.30 crore. For FY2024, annual revenue grew 6.07% to ₹2,755.10 crore, with net profit up 6.22% to ₹384.00 crore. The board recommended a dividend of ₹17 per equity share.
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Grindwell Norton
1,672.40
+19.80
(+1.20%)
1 Year Returns:+9.35%
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