Investment Ratings
As per analysts rating in the last 6 months, the recommendation is to HOLD Grindwell Norton
-
Master Rating:
-
Grindwell Norton has an operating revenue of Rs. 1,918.47 Cr. on a trailing 12-month basis. An annual revenue growth of 4% is not great, Pre-tax margin of 19% is great, ROE of 17% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 38% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 90 which is a GREAT score indicating consistency in earnings, a RS Rating of 75 which is FAIR indicating the recent price performance, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 73 indicates it belongs to a poor industry group of Machinery-Gen Industrial and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
EPS Strength
Price Strength
Buyer Demand
Group Rank
Grindwell Norton Ltd Forecast
Price Estimates
Eps And Sales Estimates
Grindwell Norton Ltd Synopsis
NSE-Machinery-Gen Industrial
Grindwell Norton is involved in the business activities of Manufacture of other non-metallic mineral products. Company’s Total Operating Revenue is Rs. 1632.90 Cr. and Equity Capital is Rs. 55.36 Cr. for the Year ended 31/03/2021. Grindwell Norton Ltd. is a Public Limited Listed company incorporated on 31/07/1950 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L26593MH1950PLC008163 and registration number is 008163.-
Market Cap
INR 17,727.93 Cr
-
Sales
INR 1,914.70 Cr
-
Shares in Float
4.65 Cr
-
No of Funds
116 K
-
Yield
0.59%
-
Book Value
13.06
-
U/D Vol Ratio
1.1
-
LTDebt/Equity
%
-
Alpha
0.27
-
Beta
1.16
| Owner Name | Jun-21 | Mar-21 | Dec-20 |
|---|---|---|---|
| Promoters | 58.32% | 58.32% | 58.32% |
| Mutual Funds | 16.12% | 15.92% | 16.08% |
| Insurance Companies | 1.1% | 0% | 0% |
| Foreign Portfolio Investors | 4.57% | 4.24% | 3.92% |
| Financial Institutions/ Banks | 0% | 0% | 0% |
| Individual Investors | 13.39% | 13.66% | 13.72% |
| Others | 6.5% | 7.86% | 7.96% |
| Name | Designation |
|---|---|
| Mr. Keki Elavia | Chairman |
| Mr. B Santhanam | Managing Director |
| Mr. Laurent Guillot | Director |
| Mr. Sreedhar Natarajan | Director |
| Dr. Archana Hingorani | Director |
| Mr. Subodh Nadkarni | Director |
| Mr. Laurent Tellier | Director |
| Ms. Isabelle Hoepfner | Director |
| Mr. Anand Mahajan | Director |
| Mr. Krishna Prasad | Alternate Director |
Grindwell Norton Ltd Financials
- Quarterly P&L
- Annual P&L
- Cash Flow
- Balance Sheet
- Ratios
| INDICATOR | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 |
|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 509.26 | 434.43 | 505.35 | 453.46 | 434.96 |
| Operating Expenses Qtr Cr | 410.55 | 349.41 | 393.52 | 358.51 | 345.93 |
| Operating Profit Qtr Cr | 101.86 | 88.17 | 113.99 | 98.69 | 91.87 |
| Depreciation Qtr Cr | 12.75 | 13.39 | 13.25 | 13.32 | 13.29 |
| Interest Qtr Cr | 0.65 | 0.51 | 1.04 | 0.78 | 0.66 |
| Tax Qtr Cr | 25.24 | 22.66 | 29.08 | 22.66 | 21.87 |
| Net Profit Qtr Cr | 73.31 | 65.84 | 83.06 | 66.87 | 63.66 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Total Revenue Annual Cr | 1683.8718 | 1598.5221 | 1604.5213 | 1434.3947 | 1269.3719 |
| Operating Expenses Annual Cr | 1309.0987 | 1300.2182 | 1307.7246 | 1169.062 | 1055.6933 |
| Operating Profit Annual in Cr | 323.8043 | 252.1361 | 259.1262 | 236.3189 | 180.735 |
| Depreciation Cr | 51.8947 | 54.6564 | 42.2171 | 42.1773 | 39.8292 |
| Interest Annual Cr | 3.2425 | 4.2797 | 1.4845 | 1.0468 | 1.1046 |
| Tax Annual Cr | 77.5644 | 56.415 | 89.2563 | 74.9501 | 56.735 |
| Net Profit Annual Cr | 242.0715 | 182.9528 | 163.8388 | 147.1585 | 116.0098 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Cash from Operating Activity Annual Cr | 330.7442 | 307.0836 | 81.8764 | 123.9585 | 160.7625 |
| Cash from Investing Activity Annual Cr | -225.4663 | -437.1603 | -52.5426 | -43.9645 | -42.767 |
| Cash from Financing Annual Activity Cr | -94.6864 | -93.0732 | -68.2239 | -56.7503 | 7.415 |
| Net Cash Flow Annual Cr | 10.5915 | -223.1499 | -38.8901 | 23.2437 | 125.4105 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Total ShareHolders Funds Annual Cr | 1357.0554 | 1176.6673 | 1086.8285 | 982.8397 | 887.9219 |
| Fixed Assets Annual Cr | 371.8817 | 389.2423 | 363.2732 | 340.1848 | 346.9911 |
| Total Non Current Assets Annual Cr | 613.317 | 598.5679 | 581.5993 | 556.4575 | 527.8092 |
| Total Current Assets Annual Cr | 1229.2991 | 969.4425 | 841.0117 | 761.7755 | 661.5112 |
| Total Assets Annual Cr | 1842.6161 | 1568.0104 | 1422.611 | 1318.233 | 1189.3204 |
| INDICATOR | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|
| Book Value Per Share Annual Rs | 122.566 | 106.274 | 98.16 | 88.768 | 80.195 |
| ROE Annual % | 17.83 | 15.54 | 15.07 | 14.97 | 13.06 |
| ROCE Annual % | 22.93 | 19.86 | 22.41 | 21.65 | 18.59 |
| Total Debt to Total Equity Annual | - | - | - | - | - |
| EBDIT Annual Margin % | 22.95 | 19.21 | 18.94 | 18.87 | 17.28 |
Grindwell Norton Ltd Technicals
EMA & SMA
CURRENT PRICE
1601.15 
(-5.07)
-
- Bullish Moving Averages 7
- Bearish Moving Averages 9
EMA
-
20 Day
1710.99
-
50 Day
1597.82
-
100 Day
1457.72
-
200 Day
1223.4
Grindwell Norton Ltd Resistance and support
1716.99 PIVOT
-
First Resistance
1756.37
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Second Resistance
1826.04
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Third Resistance
1865.42
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First Support
1647.32
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Second Support
1607.94
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Third Support
1538.27
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RSI
41.87
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MFI
64.32
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MACD
46.43
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MACD signal line
70.69
Grindwell Norton Ltd Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 142,755 | 8,151,311 | 57.1% |
| Week | 108,968 | 6,984,849 | 64.1% |
| 1 Month | 150,512 | 9,245,930 | 61.43% |
| 6 Month | 139,254 | 7,929,109 | 56.94% |
Grindwell Norton Ltd Price change analysis
-18.45
Over 1 month
Low High 1535.55 1876.5
340.6
Over 3 month
Low High 1251.5 1876.5
359.15
Over 6 months
Low High 1130.35 1876.5
1003.1
Over Year
Low High 593 1876.5Similar Stocks
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News
Grindwell Norton Ltd - 506076 - Announcement Under Regulatio
Please find attached herewith disclosure under Regulation 30 for Investment in Cleanwin Energy Three LLP. Read More
Grindwell Norton Ltd - 506076 - Results- Financial Results F
We enclose the unaudited financial results of our Company for the quarter and half year ended September 30, 2021, after Limited Review, whic Read More
GRINDWELL NORTON LTD.-$ - 506076 - Board Meeting Outcome for
We enclose the unaudited financial results of our Company for the quarter and half year ended September 30, 2021, after Limited Review, whic Read More
GRINDWELL NORTON LTD.-$ - 506076 - Compliances-Reg. 39 (3) -
Pursuant to Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Read More
Grindwell Norton Ltd - 506076 - Board Meeting Intimation for
GRINDWELL NORTON LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2021 ,inter alia, to Read MoreBlogs