Grindwell Norton Limited

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

2011 10(0%)

Volume

14k as on 19, Jan

Open

1,584

High

1,596

Low

1,561

2,021

VWAP

1,575

52 Week High

2,455

52 Week Low

1,329

Viand Research Rating

Quality Score

55/100

Growth Score

25/100

Valuation Score

50/100

Momentum Score

50/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

22,266

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	NP Qtr Rs.Cr.
1	HAL	3,05,236	4564	3%	1%	5%	3%	31	94	0	9116
2	BEL	2,95,132	404	1%	6%	3%	2%	49	94	0	6062
3	ABB	1,59,111	7508	4%	3%	58%	31%	93	94	0.01	1668
4	CUMMINSIND	1,54,691	5580	1%	3%	37%	54%	74	94	0	2362
5	TMCV	1,49,748	407	4%	1%	9%	23%	0	94	0.44	3030
6	POWERINDIA	1,42,877	32055	6%	13%	90%	61%	150	94	0.02	988
7	BHEL	1,42,155	408	0%	1%	66%	66%	409	94	0.31	1600
8	CGPOWER	1,39,071	883	2%	5%	59%	34%	119	94	0.01	1199
9	POLYCAB	1,34,302	8915	3%	9%	30%	32%	52	94	0.02	2708
10	SIEMENS	1,30,497	3664	2%	3%	25%	16%	66	94	0.02	2754
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
Sales Growth % (YoY)	18.7%	7.1%	11.6%	-0.3%	2.7%	6.5%	4%	5.6%	4%	9.3%	5.2%	4.8%	19%	20.3%	23.8%	45.2%	9.8%	9.7%	16.8%	89%
Sales Growth % (QoQ)	11.8%	-2.8%	10.2%	-1%	1%	1.3%	-1.7%	2.2%	4.7%	-1%	-0.1%	0.5%	10.1%	-4.9%	-0.5%	14.1%	11.4%	-2.1%	16.9%	-
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
Net Profit Growth % (QoQ)	24%	-10.3%	13.8%	1.1%	5.7%	-9.3%	4.3%	-	1.1%	-9.8%	5.2%	-1%	22.5%	-11.1%	-3.2%	3.3%	28.6%	-2.8%	12.5%	-
Net Profit Growth % (YoY)	28%	9.1%	10.3%	1.1%	-	-4.3%	-4.9%	-4.1%	-5.1%	15%	13.3%	4.3%	8.9%	14.3%	25%	45.3%	-	-	-	-
TTM Net Profit	416	390	382	372	371	371	375	380	384	389	377	365	361	353	343	325	296	206	136	0
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
Sales Growth %	9.3%	4.6%	5.7%	26.3%	22.9%	3.7%	-1.2%	11.7%	13.3%	9.8%	1.3%	17.6%	2%	4.5%
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
Net Profit Growth %	12.4%	-3.4%	6.1%	22.7%	23.9%	29.3%	8.9%	11.9%	24.8%	14.2%	1.9%	23.8%	-13.4%	-
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	1744 41% 2455	Value (Cr)	Q/T 37	Del 51	Del 55
1	22-Jul	2021	7	6	42	3
2	21-Jul	2095	10	7	31	3
3	20-Jul	2128	40	6	41	16
4	17-Jul	2087	125	9	18	23
5	16-Jul	2382	73	16	48	35
6	15-Jul	2046	9	5	61	6
7	14-Jul	2001	9	5	56	5
8	13-Jul	2034	3	4	58	2
9	10-Jul	2059	7	5	46	3
10	9-Jul	2021	11	4	63	7
11	8-Jul	2018	153	70	70	107
12	7-Jul	2034	6	4	52	3
13	6-Jul	2083	8	5	51	4
14	3-Jul	2088	12	5	51	6
15	2-Jul	2173	18	6	72	13
16	1-Jul	2154	20	9	52	10
17	30-Jun	2166	11	6	35	4
18	29-Jun	2147	20	6	46	9
19	25-Jun	2228	40	9	43	17
20	24-Jun	2128	8	5	59	5
21	23-Jun	2125	15	7	57	8
22	22-Jun	2110	14	7	74	10
23	19-Jun	2137	10	4	43	4
24	18-Jun	2106	15	5	59	9
25	17-Jun	2055	16	6	58	10
26	16-Jun	2047	19	6	48	9
27	15-Jun	2023	17	6	56	9
28	12-Jun	1921	5	6	74	4
29	11-Jun	1895	13	9	71	9
30	10-Jun	1915	5	5	53	3
31	9-Jun	1933	4	4	57	3
32	8-Jun	1956	17	7	62	11
33	5-Jun	1958	15	6	60	9
34	4-Jun	1921	16	6	55	9
35	3-Jun	1867	17	5	66	11
36	2-Jun	1859	9	6	50	4
37	1-Jun	1848	33	17	80	26
38	29-May	1840	16	6	58	9
39	27-May	1912	5	5	53	3
40	26-May	1913	5	6	53	3
41	25-May	1936	6	6	49	3
42	22-May	1943	9	5	51	4
43	21-May	1962	14	7	52	7
44	20-May	1929	36	5	48	17
45	19-May	1878	21	6	46	10
46	18-May	1856	30	5	50	15
47	15-May	1860	23	5	60	14
48	14-May	1794	29	18	83	25

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	22,266c	155c	0.69
22-Jul	22,421c	698c	3.02
21-Jul	23,118c	166c	0.72
17-Jul	22,952c	3,742c	14.02
16-Jul	26,695c	3,722c	16.20
15-Jul	22,972c	1,095c	5.01
14-Jul	21,877c	637c	2.83
13-Jul	22,514c	18c	0.08
10-Jul	22,532c	137c	0.61
09-Jul	22,394c	29c	0.13
08-Jul	22,365c	435c	1.91
07-Jul	22,801c	340c	1.47
06-Jul	23,141c	864c	3.60
02-Jul	24,004c	207c	0.87
30-Jun	23,797c	133c	0.56
29-Jun	23,930c	373c	1.54
26-Jun	24,303c	272c	1.13
25-Jun	24,031c	447c	1.90
24-Jun	23,583c	122c	0.52
23-Jun	23,462c	100c	0.43
22-Jun	23,362c	354c	1.49
19-Jun	23,716c	853c	3.73
17-Jun	22,864c	331c	1.47
16-Jun	22,533c	8c	0.03
15-Jun	22,540c	1,171c	5.48
12-Jun	21,369c	22c	0.10
11-Jun	21,347c	50c	0.23
10-Jun	21,397c	0	0

Stock Checklist

Price is above from 52 week high low average: 21%

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

Mutual Fund Holdings

Held by 94 fund scheme(s) across 14 fund house(s) as of Jul26 · Total value ₹6,482 Cr · 20 increasing / 4 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	27	2.82%	+0.01%	3245
UTI Mutual Fund	10	0.97%	-	841
Nippon India Mutual Fund	2	0.39%	-	572.8
ICICI Prudential Mutual Fund	8	0.97%	+0.19%	504
Invesco Mutual Fund	12	0.62%	-	299
Axis Mutual Fund	4	2.97%	-	277.8
Sundaram Mutual Fund	2	0.60%	-	160.9
ICICI Prudential Asset Management Company Limited	1	1.53%	+1.53%	143.5
Aditya Birla Sun Life Mutual Fund	4	1.53%	-	138.2
Tata Mutual Fund	8	1.47%	-	122.7
Kotak Mahindra Mutual Fund	2	1.81%	+0.41%	79
Mahindra Manulife Mutual Fund	6	2.08%	+0.62%	64.8
HDFC Mutual Fund	6	0.12%	+0.05%	33.5
Motilal Oswal Mutual Fund	2	0.04%	-	0

Grindwell Norton Limited

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