GRINDWELL

GRINDWELL NORTON

Large Cap BSE: 506076 NSE: GRINDWELL
₹2064.15
12.45 (0.61%)
  • Advice
  • Hold
As on 30 September, 2022 | 21:45

Grindwell Norton Share Price

Grindwell Norton Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

Start SIP in GRINDWELL NORTON

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Grindwell Norton Share Returns

  • Over 1 Month -6.18%
  • Over 3 Month 22.64%
  • Over 6 Month 12.02%
  • Over 1 Year 50.38%

Grindwell Norton Key Statistics

P/E Ratio 70.6
PEG Ratio 4
Market Cap Cr 22,854
Price to Book Ratio 14.5
EPS 25.6
Dividend 0.6
Relative Strength Index 41.09
Money Flow Index 54.51
MACD Signal 22.81
Average True Range 75.28

Grindwell Norton Investment Rating

  • Master Rating:
  • Grindwell Norton has an operating revenue of Rs. 2,211.42 Cr. on a trailing 12-month basis. An annual revenue growth of 22% is outstanding, Pre-tax margin of 20% 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 50DMA and comfortably placed above its 200DMA, around 11% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around 12% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 84 which is a GOOD score indicating consistency in earnings, a RS Rating of 69 which is FAIR indicating the recent price performance, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 32 indicates it belongs to a strong 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 Financials
IndicatorJun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 616556500509434505
Operating Expenses Qtr Cr 491434410411349394
Operating Profit Qtr Cr 1251228910288114
Depreciation Qtr Cr 131312131313
Interest Qtr Cr 021111
Tax Qtr Cr 323123252329
Net Profit Qtr Cr 928970736683

Grindwell Norton Technicals

EMA & SMA

Current Price
2064.15
12.45 (0.61%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 2133.07
  • 50 Day
  • 2059.92
  • 100 Day
  • 1957.22
  • 200 Day
  • 1834.39
  • 20 Day
  • 2175.77
  • 50 Day
  • 2061.3
  • 100 Day
  • 1872.32
  • 200 Day
  • 1833.3

Grindwell Norton Resistance and Support

PIVOT
₹2055.79
Resistance
First Resistance 2089.37
Second Resistance 2127.04
Third Resistance 2160.62
RSI 41.09
MFI 54.51
MACD Single Line 22.81
MACD -6.19
Support
First Resistance 2018.12
Second Resistance 1984.54
Third Resistance 1946.87

Grindwell Norton Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 64,085 3,119,017 48.67
Week 37,538 1,843,106 49.1
1 Month 87,892 3,461,191 39.38
6 Month 71,991 3,783,110 52.55

Grindwell Norton Result Highlights

Grindwell Norton Synopsis

NSE-Machinery-Gen Industrial

Grindwell Norton is involved in the business activities of Manufacture of refractory products. Company’s Total Operating Revenue is Rs. 2005.62 Cr. and Equity Capital is Rs. 55.36 Cr. for the Year ended 31/03/2022. 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 22,854
Sales 2,184
Shares in Float 4.65
No of funds 162
Yield 0.58
Book Value 14.69
U/D Vol ratio 1.4
LTDebt / Equity
Alpha 0.19
Beta 0.79

Grindwell Norton

Owner NameJun-22Mar-22Dec-21Sep-21
Promoters 58.08%58.08%58.08%
Mutual Funds 14.4%14.61%14.8%
Insurance Companies 0.7%0.71%0.74%
Foreign Portfolio Investors 7.44%7.05%6.1%
Financial Institutions/ Banks
Individual Investors 13.16%13.17%13.59%
Others 6.22%6.38%6.69%

Grindwell Norton Management

Name Designation
Mr. Keki Elavia Chairman
Mr. B Santhanam Managing Director
Mr. David Molho Director
Mr. Laurent Tellier Director
Mr. Krishna Prasad Director
Mr. Anand Mahajan Director
Mr. Sreedhar Natarajan Director
Dr. Archana Hingorani Director
Mr. Subodh Nadkarni Director
Mr. Aakil Anand Mahajan Non Exe.Non Ind.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
2022-07-29 Quarterly Results
2022-05-06 Audited Results & Dividend
2022-02-03 Quarterly Results
2021-11-03 Quarterly Results
2021-07-28 Quarterly Results

Grindwell Norton MF Shareholding

Name Amount(cr)
UTI Flexi Cap Fund Regular Plan Growth 26503
Nippon India Small Cap Fund - Growth 21655
Axis Midcap Fund Growth 19504
SBI Small Cap Fund Regular Plan Growth 14044
SBI Magnum Long Term Equity Scheme Regular Payout of Income Distribution cum capital wdrl 11204

About Company

Grindwell Norton FAQs

What is Share Price of Grindwell Norton ?

Grindwell Norton share price is ₹2064 As on 30 September, 2022 | 21:31

What is the Market Cap of Grindwell Norton ?

The Market Cap of Grindwell Norton is ₹22854.3 Cr As on 30 September, 2022 | 21:31

What is the P/E ratio of Grindwell Norton ?

The P/E ratio of Grindwell Norton is 70.6 As on 30 September, 2022 | 21:31

What is the PB ratio of Grindwell Norton ?

The PB ratio of Grindwell Norton is 14.5 As on 30 September, 2022 | 21:31

Q1FY23