GRINDWELL
Grindwell Norton Limited (GRINDWELL) Stock Analysis
Grindwell Norton Limited is an Indian abrasives and ceramics company, part of Saint-Gobain in India. It manufactures grinding wheels and performance materials for industry. The company serves metalworking and construction customers. It is listed on Indian stock exchanges.
Industrials › Building Products & Equipment
₹1,897.70
-5.45% 1W | +18.20% 52W
Market Cap
21.0k CR
P/E Ratio
48.2
52W High
₹2455
52W Low
₹1329
Div. Yield
0.97%
Beta
0.5
50 DMA
₹1999.7
200 DMA
₹1809.1
Profit Margin
13.8%
Inst. Own.
21.9%
🔥 APPROACHING RESISTANCE
🚀 BREAKOUT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 668 | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 |
| Expenses | 534 | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 |
| Operating Profit | 135 | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 |
| OPM % | 20% | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% | 18% | 18% | 19% | 20% |
| Other Income | 15 | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 17 | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 130 | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| Tax % | 26% | 24% | 25% | 23% | 26% | 24% | 24% | 24% | 25% | 25% | 26% | 24% | 25% |
| Net Profit | 97 | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 |
| EPS in Rs | 8.76 | 9.20 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.60 | 10.72 | 10.43 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,135 | 1,151 | 1,263 | 1,431 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 | 3,173 |
| Expenses | 954 | 966 | 1,070 | 1,183 | 1,326 | 1,315 | 1,314 | 1,612 | 2,040 | 2,167 | 2,297 | 2,497 | 2,572 |
| Operating Profit | 181 | 184 | 193 | 248 | 272 | 265 | 324 | 400 | 501 | 520 | 515 | 576 | 601 |
| OPM % | 16% | 16% | 15% | 17% | 17% | 17% | 20% | 20% | 20% | 19% | 18% | 19% | 19% |
| Other Income | 17 | 22 | 31 | 26 | 35 | 40 | 51 | 53 | 53 | 67 | 79 | 93 | 96 |
| Interest | 3 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 8 | 7 |
| Depreciation | 42 | 43 | 42 | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 105 | 106 |
| Profit before tax | 154 | 161 | 180 | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 555 | 584 |
| Tax % | 32% | 34% | 33% | 34% | 35% | 24% | 25% | 25% | 26% | 24% | 25% | 25% | |
| Net Profit | 104 | 106 | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
| EPS in Rs | 9.32 | 9.51 | 10.78 | 13.53 | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 | 34.65 | 33.30 | 37.54 | 39.40 |
| Dividend Payout % | 35% | 34% | 37% | 37% | 40% | 46% | 44% | 45% | 44% | 49% | 51% | 51% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 7.0% | 13.0% | 10.0% |
| Profit CAGR | 3.0% | 12.0% | 14.0% |
Shareholding Pattern
Promoters58.04%
FIIs6.38%
DIIs18.37%
Public17.22%
Promoters58.04%
FIIs6.39%
DIIs18.35%
Public17.23%
Promoters58.04%
FIIs5.56%
DIIs19.18%
Public17.23%
Promoters58.04%
FIIs5.21%
DIIs19.59%
Public17.17%
Promoters58.04%
FIIs5.34%
DIIs19.66%
Public16.95%
Promoters58.04%
FIIs8.28%
DIIs15.32%
Public18.37%
Promoters58.04%
FIIs8.31%
DIIs15.90%
Public17.76%
Promoters58.04%
FIIs6.75%
DIIs18.33%
Public16.88%
Promoters58.04%
FIIs5.56%
DIIs19.18%
Public17.23%
Promoters58.04%
FIIs5.34%
DIIs19.66%
Public16.95%
GRINDWELL
Holdings Analysis
Key strengths & risk signals
66
Overall
57
Fundamental
75
Technical
Risks (3)
OVERVALUED! PEG of 10.40 means expensive relative to growth rate.
RECOVERY MODE! Current price (1953.3) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -3.2% (1 week), 3.6% (1 month), -18.0% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (2004.9) is above 200-day average (1805.0) - positive signal.
BREAKOUT! Stock has broken above resistance levels with momentum.
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
Fundamental & Technical Analysis
60Overall
57Fundamental
64Technical
Fundamental Breakdown
Growth Quality
13/30
Revenue CAGR: 6.6% (MODERATE, 8/15). Profit CAGR: 4.7% (SLOW, 5/15).
Profit Margin
5/10
DECENT EFFICIENCY! 13.8% profit margin - acceptable profitability.
PEG Valuation
0/10
OVERVALUED! PEG of 10.26 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.97% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.04 - excellent financial health.
Public Holding
16/20
LESS PUBLIC HOLDING! 18.24% public ownership - good institutional/promoter control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (1999.7) is above 200-day average (1809.1) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (1897.7) above 200-day but below 50-day.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
6/10
POSITIVE YEAR! Stock gained 18.2% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 36,919 vs down days: 35,198. Ratio: 1.05x
RSI
4/5
APPROACHING OVERSOLD! RSI at 39.8 - watch for reversal.
52W Range
3/5
MID RANGE! Trading at 50.5% of 52W range - neutral zone.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -5.5% (1 week), 3.9% (1 month), -9.1% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
Peer Comparison
Industrials · Building Products & Equipment · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GRINDWELL | ₹1,897.70 | 48.2 | 13.8% | 6.6% | 4.7% | +18.2% | 60 | APPROACHING RESISTANCE | +22.2% | -2.7% | +14.4% | -4.6% |
| BLUESTARCO | ₹1,592.00 | 64.3 | 4.0% | 15.8% | 9.6% | -18.6% | 58 | HIT RESISTANCE | -15.3% | -54.8% | +13.3% | -17.0% |
| ASTRAL | ₹1,443.30 | 67.3 | 8.5% | 8.4% | 5.5% | +0.2% | 55 | CONSOLIDATING DOWN | +48.0% | -43.7% | +15.9% | -24.4% |
| SUPREMEIND | ₹3,616.00 | 44.5 | 9.1% | 6.8% | 3.3% | -17.3% | 62 | APPROACHING RESISTANCE | +38.8% | -35.3% | +4.2% | -23.0% |
| CPPLUS | ₹4,109.10 | 100.6 | 9.8% | 22.7% | 50.3% | +212.0% | 82 | BREAKOUT | +332.2% | -15.9% | +89.5% | -1.4% |
| KAJARIACER | ₹1,215.00 | 35.4 | 10.8% | 3.3% | 12.1% | -2.1% | 71 | APPROACHING SUPPORT | +55.5% | +8.8% | +20.4% | -3.3% |
| FINPIPE | ₹154.80 | 15.5 | 15.6% | -2.4% | 33.7% | -21.1% | 65 | BREAKOUT | +16.6% | -56.2% | -15.3% | -32.7% |
| CERA | ₹5,046.00 | 32.1 | 9.5% | 4.1% | -0.8% | -16.5% | 55 | BOUNCE FROM SUPPORT | -2.6% | -41.4% | +19.5% | -24.5% |
Data from TradeAlone · Updated daily
