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    • Grindwell Norton Share Price

    Large Cap
    ₹2,466.9
    + 27.55 (1.13%)
    • Advice
    • Hold
    16 October, 2024 06:07 BSE: 506076 NSE: GRINDWELL ISIN: INE536A01023

    Start SIP in Grindwell Norton

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    Grindwell Norton Performance

    Day Range

    • Low 2,420
    • High 2,480
    ₹ 2,466

    52 Week Range

    • Low 1,875
    • High 2,960
    ₹ 2,466
    • Open Price2,430
    • Previous Close2,439
    • Volume26506

    Grindwell Norton Chart

    • Over 1 Month -0.11%
    • Over 3 Month -7.97%
    • Over 6 Month + 19.13%
    • Over 1 Year + 13.72%

    Grindwell Norton Key Statistics

    P/E Ratio 71.9
    PEG Ratio 19.7
    Market Cap Cr 27,314
    Price to Book Ratio 13.2
    EPS 33.1
    Dividend 0.7
    Relative Strength Index 56.8
    Money Flow Index 89.86
    MACD Signal -11.06
    Average True Range 60.01

    Grindwell Norton Investment Rating

    • Master Rating:

    • Grindwell Norton has an operating revenue of Rs. 2,724.02 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of 19% is great, ROE of 18% 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 trading close to its key moving averages, around 0% and 3% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 66 which is a FAIR score but needs to improve its earnings, a RS Rating of 33 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 105 indicates it belongs to a poor industry group of Machinery-Gen Industrial and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Grindwell Norton Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 689678652659656616
    Operating Expenses Qtr Cr 560557525529526489
    Operating Profit Qtr Cr 131125127130134126
    Depreciation Qtr Cr 211917171614
    Interest Qtr Cr 222222
    Tax Qtr Cr 312830333334
    Net Profit Qtr Cr 929492989799
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 2,7202,420
    Operating Expenses Annual Cr 2,1361,889
    Operating Profit Annual in Cr 515479
    Depreciation Cr 6955
    Interest Annual Cr 77
    Tax Annual Cr 124118
    Net Profit Annual Cr 381351
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 364341
    Cash from Investing Activity Annual Cr -176-202
    Cash from Financing Annual Activity Cr -174-139
    Net Cash Flow Annual Cr 140
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 2,0511,789
    Fixed Assets Annual Cr 858553
    Total Non Current Assets Annual Cr 1,1881,013
    Total Current Assets Annual Cr 1,5551,315
    Total Assets Annual Cr 2,7432,328
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 185162
    ROE Annual % 1920
    ROCE Annual % 2426
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2222
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 703687660667664665
    Operating Expenses Qtr Cr 572566532536533536
    Operating Profit Qtr Cr 133125128131135129
    Depreciation Qtr Cr 212018171715
    Interest Qtr Cr 222222
    Tax Qtr Cr 322830333334
    Net Profit Qtr Cr 9393921029799
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 2,7552,597
    Operating Expenses Annual Cr 2,1672,042
    Operating Profit Annual in Cr 519500
    Depreciation Cr 7160
    Interest Annual Cr 88
    Tax Annual Cr 124124
    Net Profit Annual Cr 384362
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 368356
    Cash from Investing Activity Annual Cr -182-223
    Cash from Financing Annual Activity Cr -175-140
    Net Cash Flow Annual Cr 11-7
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 2,0551,806
    Fixed Assets Annual Cr 837663
    Total Non Current Assets Annual Cr 1,1961,033
    Total Current Assets Annual Cr 1,5731,379
    Total Assets Annual Cr 2,7702,412
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 187164
    ROE Annual % 1920
    ROCE Annual % 2426
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 2222
    Invest in Grindwell Norton

    Grindwell Norton Technicals

    EMA & SMA

    Current Price
    ₹2,466.9
    + 27.55 (1.13%)
    pointer
    • Bullish Moving Average
    • ___
    • 15
    • Bearish Moving Average
    • ___
    • 1
    • 20 Day
    • ₹2,421.06
    • 50 Day
    • ₹2,445.63
    • 100 Day
    • ₹2,442.03
    • 200 Day
    • ₹2,373.03
    • 20 Day
    • ₹2,402.52
    • 50 Day
    • ₹2,427.46
    • 100 Day
    • ₹2,539.53
    • 200 Day
    • ₹2,352.23

    Grindwell Norton Resistance and Support

    PIVOT
    ₹2,455.6
    Resistance
    First Resistance 2,491.20
    Second Resistance 2,515.50
    Third Resistance 2,551.10
    RSI 56.80
    MFI 89.86
    MACD Single Line -11.06
    MACD -1.40
    Support
    First Support 2,431.30
    Second Support 2,395.70
    Third Supoort 2,371.40

    Grindwell Norton Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 72,532 5,314,420 73.27
    Week 29,670 1,735,113 58.48
    1 Month 47,826 3,167,044 66.22
    6 Month 87,354 4,730,238 54.15

    Grindwell Norton Result Highlights

    Grindwell Norton 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. 2651.68 Cr. and Equity Capital is Rs. 55.36 Cr. for the Year ended 31/03/2024. 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 27,314
    Sales 2,683
    Shares in Float 4.65
    No of funds 189
    Yield 0.69
    Book Value 13.34
    U/D Vol ratio 1.2
    LTDebt / Equity
    Alpha 0.01
    Beta 0.48

    Grindwell Norton Shareholding Pattern

    Owner NameSep-24Jun-24Mar-24Dec-23
    Promoters 58.03%58.03%58.03%58.03%
    Mutual Funds 15.81%15.23%14.92%14.38%
    Insurance Companies 0.69%0.69%0.68%0.67%
    Foreign Portfolio Investors 8.25%8.63%8.31%8.42%
    Financial Institutions/ Banks
    Individual Investors 11.5%11.76%12.25%12.52%
    Others 5.72%5.66%5.81%5.98%

    Grindwell Norton Management

    Name Designation
    Mr. Keki Elavia Chairman
    Mr. B Santhanam Managing Director
    Mr. Aakil Anand Mahajan Director
    Mr. David Eric Molho Director
    Mr. Jean-Claude Lasserre Director
    Mr. Sreedhar Natarajan Director
    Dr. Archana Hingorani Director
    Mr. Subodh Nadkarni Director
    Mr. Venugopal Shanbhag Director

    Grindwell Norton Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Grindwell Norton Corporate Action

    Date Purpose Remarks
    2024-10-30 Quarterly Results
    2024-07-18 Quarterly Results
    2024-05-06 Audited Results & Final Dividend
    2024-02-03 Quarterly Results
    2023-11-08 Quarterly Results

    Grindwell Norton FAQs

    What is Share Price of Grindwell Norton ?

    Grindwell Norton share price is ₹2,466 As on 16 October, 2024 | 05:53

    What is the Market Cap of Grindwell Norton ?

    The Market Cap of Grindwell Norton is ₹27313.5 Cr As on 16 October, 2024 | 05:53

    What is the P/E ratio of Grindwell Norton ?

    The P/E ratio of Grindwell Norton is 71.9 As on 16 October, 2024 | 05:53

    What is the PB ratio of Grindwell Norton ?

    The PB ratio of Grindwell Norton is 13.2 As on 16 October, 2024 | 05:53

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