Grindwell Norton Limited

Web: grindwellnorton.co.in NSE: GRINDWELL BSE: 506076 SECTOR: Capital Goods - Industrial Products

1917 3(0%)

Near 52W High of 2003

Volume

14k as on 19, Jan

Open

1,584

High

1,596

Low

1,561

1,913

VWAP

1,575

52 Week High

2,003

52 Week Low

1,329

Viand Research Rating

Quality Score

00/00

Growth Score

00/00

Valuation Score

00/00

Momentum Score

00/00

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

21,223

No. of Shares

11.1

P/E

70.67

P/B

12.94

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

18.31

ROCE

Profit Growth

Listing Date

11-Sep-06

Promoter Holding

58.04%

FII Holding

5.56%

DII Holding

19.18%

Price Chart

Price Performance

1 Week0%

1 Month1%

3 Months5%

6 Months12%

1 Year15%

YTD1%

Moving Average

5 Day SMA1,579

10 Day SMA1,581

20 Day SMA1,579

30 Day SMA1,575

50 Day SMA1,576

61 Day SMA1,585

80 Day SMA1,599

200 Day SMA1,642

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,677	1,615	1,647	1,664
Resistance 2	1,647	1,610	1,627	1,640
Resistance 1	1,624	1,605	1,614	1,610
Pivot Point	1,594	1,600	1,594	1,587
Support 1	1,570	1,595	1,573	1,557
Support 2	1,540	1,590	1,561	1,534
Support 3	1,517	1,586	1,540	1,504

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	Div Yld %
1	BEL	3,08,692	422	1%	5%	1%	9%	53	0	0	0
2	HAL	2,96,709	4437	2%	4%	2%	12%	29	0	0	0
3	CUMMINSIND	1,68,233	6069	3%	3%	23%	82%	65	0	0	0
4	POWERINDIA	1,66,834	37430	8%	12%	62%	108%	133	0	0	0
5	ABB	1,52,892	7215	8%	7%	31%	13%	80	0	0	0
6	CGPOWER	1,47,573	937	7%	7%	28%	27%	97	0	0	0
7	BHEL	1,47,291	423	4%	24%	44%	61%	409	0	0	0
8	POLYCAB	1,45,471	9662	5%	20%	28%	61%	41	0	0	0
9	TMCV	1,42,138	386	2%	9%	19%	17%	0	0	0	0
10	SIEMENS	1,38,812	3898	4%	3%	11%	12%	66	0	0	0
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.04%	(0.01) 58.08%	(0.01) 58.08%	(0.01) 58.08%	(0.01) 58.08%	(0.01) 58.08%
FIIs	(-0.81) 5.56%	(0.01) 6.39%	(-0.41) 6.38%	(0.11) 6.81%	(-0.21) 6.75%	(-1.31) 6.97%	(-0.41) 8.25%	(0.31) 8.63%	(-0.11) 8.31%	(0.01) 8.42%	(0.11) 8.40%	(0.11) 8.34%	(-0.11) 8.28%	(0.91) 8.41%	(0.11) 7.52%	(0.41) 7.44%	(1.01) 7.05%	(1.11) 6.10%	(0.01) 4.99%
DIIs	(0.81) 19.18%	(0.01) 18.35%	(0.21) 18.37%	(-0.11) 18.20%	(0.31) 18.33%	(1.41) 18.07%	(0.61) 16.69%	(0.21) 16.14%	(0.51) 15.90%	(0.11) 15.45%	(-0.11) 15.31%	(0.11) 15.38%	(0.41) 15.32%	(-0.71) 14.89%	(0.11) 15.58%	(-0.21) 15.48%	(-0.31) 15.69%	(-1.21) 16.03%	(0.01) 17.24%
Public	17.23%	17.23%	17.22%	16.95%	16.88%	16.91%	17.01%	17.19%	17.76%	18.09%	18.25%	18.24%	18.37%	18.66%	18.82%	19.00%	19.18%	19.79%	19.69%
No. of Shareholders	46,994	49,010	48,557	47,110	46,810	50,300	50,455	47,493	47,954	52,199	51,240	49,457	51,996	53,592	56,406	46,477	45,709	47,291	32,578

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	842	753	775	703	710	703	694	706	691	660	667	668	665	604	635	638	559	502	513	439
Expenses	678	614	634	574	582	579	565	572	567	532	536	534	536	485	513	510	435	412	412	353
Operating Profit	164	139	141	130	127	123	129	133	125	128	131	135	129	119	122	128	124	89	101	87
OPM %	19	18	18	18	18	18	19	19	18	19	20	20	19	20	19	20	22	18	20	20
Other Income	21	19	31	24	23	18	23	16	17	14	23	15	21	9	15	11	12	17	10	14
Interest	2	2	2	2	2	2	2	2	2	2	2	2	2	4	1	1	2	1	1	1
Depreciation	26	27	26	26	25	23	23	21	20	18	17	17	15	16	16	14	13	13	13	14
Profit before tax	158	128	143	126	123	116	128	125	120	122	135	130	133	108	120	125	120	93	97	86
Tax %	24	26	25	25	24	24	24	26	23	25	24	26	26	26	25	26	25	25	26	26
Net Profit	119	96	107	94	93	88	97	93	93	92	102	97	98	80	90	93	90	70	72	64
EPS in Rs	10.72	8.6	9.65	8.53	8.36	7.84	8.69	8.41	8.36	8.32	9.2	8.76	8.96	7.24	8.13	8.35	8.1	6.3	6.5	5.8

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	3073	2812	2687	2541	2013	1638	1580	1598	1431	1263	1151	1135	966	947
Expenses	2500	2297	2167	2040	1612	1314	1315	1326	1183	1070	966	954	821	794
Operating Profit	574	515	520	501	400	324	265	272	248	193	184	181	145	153
OPM %	19	18	19	20	20	20	17	17	17	15	16	16	15	16
Other Income	95	79	67	53	53	51	40	35	26	31	22	17	12	10
Interest	8	9	8	8	4	3	4	2	2	2	2	3	3	3
Depreciation	105	93	71	60	53	54	58	45	45	42	43	42	32	24
Profit before tax	555	492	508	486	396	317	243	260	227	180	161	154	122	136
Tax %	25	25	24	26	25	25	24	35	34	33	34	32	31	28
Net Profit	417	371	384	362	295	238	184	169	151	121	106	104	84	97
EPS in Rs	37.54	33.3	34.65	32.69	26.7	21.6	16.48	15.1	13.53	10.78	9.51	9.32	7.58	8.79
Dividend Payout %	51	51	49	44	45	44	46	40	37	37	34	35	43	37

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	542	458	368	393	187	331	318	85	134	170	139	106	106	104
Cash from Investing Activity	-315	-215	-184	-251	-54	-230	-442	-54	-41	-40	-38	-30	-26	-81
Cash from Financing Activity	-215	-221	-175	-140	-114	-95	-95	-68	-60	3	-102	-46	-51	-41
Net Cash Flow	12	22	9	1	19	7	-220	-37	32	133	0	29	29	-18

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	55	55	55	55	55	55	55	55	55	55	55	55	28	28	28	28
Reserves	2479	2226	2200	2002	2000	1750	1513	1309	1132	1043	935	838	735	588	530	489
Borrowings	61	80	84	80	83	51	15	12	0	0	0	8	15	15	16	22
Other Liabilities	842	780	716	703	628	549	532	485	404	347	349	309	311	309	259	245
Total Liabilities	3438	3142	3055	2840	2766	2406	2116	1862	1592	1445	1339	1210	1089	940	833	784
Fixed Assets	887	883	886	855	756	586	386	370	385	345	342	368	350	360	375	327
CWIP	51	51	26	26	128	124	67	24	29	43	25	6	14	7	6	62
Investments	999	927	892	726	689	642	531	713	583	183	171	145	135	35	35	31
Other Assets	1500	1281	1251	1234	1193	1054	1133	755	595	875	802	690	590	538	418	364
Total Assets	3438	3142	3055	2840	2766	2406	2116	1862	1592	1445	1339	1210	1089	940	833	784

Delivery

#	Date	1329 51% 2003	Value (Cr)	Q/T 29	Del 63	Del 57
1	27-May	1912	5	5	53	3
2	26-May	1913	5	6	53	3
3	25-May	1936	6	6	49	3
4	22-May	1943	9	5	51	4
5	21-May	1962	14	7	52	7
6	20-May	1929	36	5	48	17
7	19-May	1878	21	6	46	10
8	18-May	1856	30	5	50	15
9	15-May	1860	23	5	60	14
10	14-May	1794	29	18	83	25
11	13-May	1779	23	11	79	18
12	12-May	1787	44	8	61	27
13	11-May	1798	193	12	32	62
14	8-May	1685	14	7	44	6
15	7-May	1659	15	7	73	11
16	6-May	1648	8	7	66	5
17	5-May	1572	3	6	60	2
18	4-May	1593	9	7	43	4
19	30-Apr	1576	21	8	84	18
20	29-Apr	1592	5	4	63	3
21	28-Apr	1616	4	5	63	2
22	27-Apr	1624	121	54	94	113
23	24-Apr	1610	3	5	66	2
24	23-Apr	1646	2	4	53	1
25	22-Apr	1675	9	4	59	5
26	21-Apr	1612	7	8	44	3
27	20-Apr	1627	9	10	35	3
28	17-Apr	1576	4	6	65	3
29	16-Apr	1576	18	23	92	17
30	15-Apr	1560	10	4	58	6
31	13-Apr	1536	9	3	64	6
32	10-Apr	1537	5	4	61	3
33	9-Apr	1492	3	4	54	1
34	8-Apr	1493	6	8	42	2
35	7-Apr	1461	2	6	51	1
36	6-Apr	1439	6	5	51	3
37	2-Apr	1388	7	13	78	5
38	1-Apr	1405	3	4	52	1
39	30-Mar	1353	5	4	65	3
40	27-Mar	1370	4	5	63	2
41	25-Mar	1399	28	46	93	26
42	24-Mar	1385	4	3	54	2
43	23-Mar	1364	10	7	62	6
44	20-Mar	1402	10	7	60	6

Daily Market Cap

Date	Total Market Cap	Change	Chg %
28-May	21,223c	186c	0.87
27-May	21,409c	44c	0.21
26-May	21,453c	84c	0.39
25-May	21,369c	264c	1.22
22-May	21,633c	425c	2.00
21-May	21,207c	7c	0.03
20-May	21,214c	370c	1.77
19-May	20,844c	193c	0.92
18-May	21,037c	401c	1.94
15-May	20,636c	729c	3.66
14-May	19,908c	238c	1.21
13-May	19,669c	122c	0.62
12-May	19,791c	205c	1.02
11-May	19,996c	1,715c	9.38
07-May	18,281c	99c	0.54
06-May	18,182c	754c	4.33
05-May	17,428c	358c	2.01
04-May	17,786c	337c	1.93
30-Apr	17,450c	176c	1.00
29-Apr	17,626c	212c	1.19
28-Apr	17,837c	26c	0.14
24-Apr	17,863c	628c	3.40
23-Apr	18,490c	89c	0.48
22-Apr	18,579c	753c	4.22
21-Apr	17,826c	188c	1.04
20-Apr	18,014c	687c	3.96
17-Apr	17,328c	280c	1.64
15-Apr	17,048c	0	0

Stock Checklist

Price is above from 52 week high low average: 74%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

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