Grindwell Norton

₹1,936As of Sun 8 Nov 2026, 12:00 UTC

NSE:GRINDWELLIndustrials

Country India

PE (Fwd) 43.53

TSR 10Y CAGR 20.39%

Div yield 0.98%

ROE —

Building Products & Equipment

Beta (5Y) 0.55

PE TTM 51.57

TSR TTM 15.71%

Mkt cap ₹216.8B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

₹2,165

11.81%

(81.18%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

30.73

Revenue₹B

—

20.13

25.41

26.87

28.12

30.73

33.60

11.16%

9.30

Revenue growth%

—

26.26

5.72

4.65

9.30

9.34

7.51

—

53.24

Gross margin%

—

55.21

53.72

54.51

54.17

53.24

53.19

54.17

15.80

Operating margin%

—

17.26

17.71

16.70

14.99

15.80

15.82

16.70

13.53

Net margin%

—

14.69

14.24

14.28

13.11

13.53

13.51

14.24

51.57

P/E ratio (avg)x

—

55.25

59.13

63.20

68.22

43.24

47.21

59.13

44.14

EV/EBITx

—

47.03

47.55

54.03

59.67

37.01

40.33

47.55

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

37.54

EPS₹

—

26.70

32.69

34.65

33.30

37.54

41.00

8.89%

—

12.73

EPS growth%

—

22.41

6.00

(3.89)

12.73

9.22

9.37

—

Bookvalue per sh₹

—

FCF per share₹

—

19.00

Dividend per sh₹

—

12.00

14.50

17.00

19.00

19.91

12.17%

—

0.98

Div yield (avg)%

—

0.81

0.75

0.78

0.75

1.17

1.03

0.78

50.61

Payout ratio%

—

44.94

44.36

49.06

51.05

50.61

48.56

49.06

110.7

Shares (diluted)M

—

110.7

◌110.7

—

Buyback yield%

—

◌—

—

D/E ratiox

—

214.4

Enterprise value₹B

—

163.3

214.0

242.4

251.5

179.7

214.4

2.42%

—

LT debt₹M

—

Peers (US$2.250B)

Cap (US$)

Astral Limited

3.568B

59.03x

Blue Star Limited

3.459B

60.58x

Kajaria Ceramics…

2.032B

31.18x

Reliance Worldwide…

2.314B

390.9x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

59.46

Own earn%

—

Sh yield%

0.98

0.76

Owners

Insiders/Inst%

6.44

22.80

Short interest%

—

SBC / revenue%

0.13

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

3/4

Dividend streakyrs

Op margin range%

15–18

$1 testx

—

Incr. ROIC%

—

Grindwell Norton Limited provides abrasives, life sciences, performance plastics, and ceramics solutions in India and internationally. The company operates through the Abrasives, Ceramics & Plastics, Digital Services, and Others segments.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹30.73B

11.16%

1.00×

Cost of revenue

₹14.37B

12.36%

1.04×

Operating expenses

₹11.50B

10.78%

0.99×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m