Grindwell Norton Limited

Web: grindwellnorton.co.in NSE: GRINDWELL BSE: 506076 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes

1974 0(0%)

Volume

14k as on 19, Jan

Open

1,584

High

1,596

Low

1,561

1,974

VWAP

1,575

52 Week High

2,455

52 Week Low

1,329

Viand Research Rating

Quality Score

40/100

Growth Score

29/100

Valuation Score

50/100

Momentum Score

50/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

21,858

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

5.21%

DII Holding

19.59%

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	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Jun 2026	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) 58.04%	(0.01) 58.08%	(0.01) 58.08%	(0.01) 58.08%	(0.01) 58.08%	(0.01) 58.08%
FIIs	(-0.41) 5.21%	(-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	(0.41) 19.59%	(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	17.17%	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	45,545	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

	Jun 2026	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	803	842	753	775	703	710	703	694	706	691	660	667	668	665	604	635	638	559	502	513	439
Sales Growth % (YoY)	14.2%	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)	-4.6%	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	646	678	614	634	574	582	579	565	572	567	532	536	534	536	485	513	510	435	412	412	353
Operating Profit	157	164	139	141	130	127	123	129	133	125	128	131	135	129	119	122	128	124	89	101	87
OPM %	20	19	18	18	18	18	18	19	19	18	19	20	20	19	20	19	20	22	18	20	20
Other Income	25	21	19	31	24	23	18	23	16	17	14	23	15	21	9	15	11	12	17	10	14
Interest	1	2	2	2	2	2	2	2	2	2	2	2	2	2	4	1	1	2	1	1	1
Depreciation	27	26	27	26	26	25	23	23	21	20	18	17	17	15	16	16	14	13	13	13	14
Profit before tax	154	158	128	143	126	123	116	128	125	120	122	135	130	133	108	120	125	120	93	97	86
Tax %	25	24	26	25	25	24	24	24	26	23	25	24	26	26	26	25	26	25	25	26	26
Net Profit	115	119	96	107	94	93	88	97	93	93	92	102	97	98	80	90	93	90	70	72	64
Net Profit Growth % (QoQ)	-3.4%	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)	22.3%	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	437	416	390	382	372	371	371	375	380	384	389	377	365	361	353	343	325	296	206	136	0
EPS in Rs	10.43	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	2497	2297	2167	2040	1612	1314	1315	1326	1183	1070	966	954	821	794
Operating Profit	576	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	93	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	-244	-159	-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	83	78	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	840	780	716	703	628	549	532	485	404	347	349	309	311	309	259	245
Total Liabilities	3436	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	52	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	1498	1281	1251	1234	1193	1054	1133	755	595	875	802	690	590	538	418	364
Total Assets	3436	3142	3055	2840	2766	2406	2116	1862	1592	1445	1339	1210	1089	940	833	784

Delivery

Delivery Data: GRINDWELL

#	Date	1950 26% 2455	Value (Cr)	Q/T 37	Del 45	Del 54
1	4-Sep	1962	2	4	54	1
2	3-Sep	1974	3	4	54	1
3	2-Sep	1968	3	4	54	2
4	1-Sep	1983	6	4	54	3
5	31-Aug	2023	4	5	57	2
6	28-Aug	2058	3	3	65	2
7	27-Aug	2024	2	3	49	1
8	26-Aug	2056	11	6	71	8
9	25-Aug	2006	13	5	68	9
10	24-Aug	2053	5	3	58	3
11	21-Aug	2060	4	4	51	2
12	20-Aug	2059	4	4	54	2
13	19-Aug	2052	5	5	53	3
14	18-Aug	2101	5	3	53	3
15	17-Aug	2164	5	5	55	3
16	14-Aug	2168	12	4	53	6
17	13-Aug	2146	4	4	61	2
18	12-Aug	2106	6	5	54	3
19	11-Aug	2081	2	4	51	1
20	10-Aug	2116	3	4	60	2
21	7-Aug	2134	10	4	57	5
22	6-Aug	2108	7	4	58	4
23	5-Aug	2101	8	4	54	4
24	4-Aug	2094	4	4	47	2
25	3-Aug	2088	4	4	52	2
26	31-Jul	2120	5	5	64	3
27	30-Jul	2102	31	12	70	22
28	29-Jul	2119	26	13	73	19
29	28-Jul	2043	7	4	45	3
30	27-Jul	2015	11	6	41	5
31	24-Jul	2012	18	5	30	5
32	23-Jul	2004	9	5	52	5
33	22-Jul	2021	7	6	42	3
34	21-Jul	2095	10	7	31	3
35	20-Jul	2128	40	6	41	16
36	17-Jul	2087	125	9	18	23
37	16-Jul	2382	73	16	48	35
38	15-Jul	2046	9	5	61	6
39	14-Jul	2001	9	5	56	5
40	13-Jul	2034	3	4	58	2
41	10-Jul	2059	7	5	46	3
42	9-Jul	2021	11	4	63	7
43	8-Jul	2018	153	70	70	107
44	7-Jul	2034	6	4	52	3
45	6-Jul	2083	8	5	51	4
46	3-Jul	2088	12	5	51	6
47	2-Jul	2173	18	6	72	13
48	1-Jul	2154	20	9	52	10
49	30-Jun	2166	11	6	35	4
50	29-Jun	2147	20	6	46	9

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	21,858c	280c	1.27
03-Sep	22,139c	249c	1.14
01-Sep	21,889c	581c	2.59
31-Aug	22,471c	64c	0.28
27-Aug	22,535c	48c	0.21
26-Aug	22,487c	327c	1.47
25-Aug	22,161c	615c	2.70
24-Aug	22,775c	128c	0.56
21-Aug	22,904c	107c	0.47
19-Aug	22,796c	477c	2.05
18-Aug	23,273c	588c	2.46
17-Aug	23,861c	76c	0.32
14-Aug	23,938c	393c	1.67
13-Aug	23,545c	260c	1.12
12-Aug	23,284c	96c	0.41
10-Aug	23,381c	328c	1.42
06-Aug	23,053c	340c	1.45
04-Aug	23,393c	210c	0.91
03-Aug	23,183c	290c	1.24
31-Jul	23,473c	460c	2.00
30-Jul	23,013c	259c	1.11
29-Jul	23,272c	575c	2.53
28-Jul	22,698c	388c	1.74
27-Jul	22,310c	31c	0.14
24-Jul	22,341c	0	0

Stock Checklist

Price is above from 52 week high low average: 57%

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 117 fund scheme(s) across 18 fund house(s) as of Aug26 · Total value ₹8,617 Cr · 80 increasing / 21 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	28	1.25%	+0.21%	4236.8
UTI Mutual Fund	10	1.20%	+0.24%	1118.7
Nippon India Mutual Fund	2	0.49%	+0.10%	770.7
Invesco Mutual Fund	16	0.78%	+0.36%	527.4
ICICI Prudential Mutual Fund	8	0.64%	-0.06%	490.7
Axis Mutual Fund	4	0.59%	+0.11%	418.8
Sundaram Mutual Fund	2	0.73%	+0.13%	212
Aditya Birla Sun Life Mutual Fund	6	1.50%	+0.34%	179.1
Tata Mutual Fund	8	1.28%	+0.34%	163.8
ICICI Prudential Asset Management Company Limited	1	1.44%	-0.09%	137.5
Edelweiss Mutual Fund	2	0.70%	+0.70%	96
Kotak Mahindra Mutual Fund	2	1.73%	-0.08%	77.3
Mahindra Manulife Mutual Fund	6	0.82%	-	64.8
Union Mutual Fund	8	0.73%	+0.74%	55.1
Motilal Oswal Mutual Fund	4	1.06%	+1.08%	52.2
HDFC Mutual Fund	6	0.06%	-0.01%	15.6
Groww Mutual Fund	2	0.05%	+0.05%	0.3
Angel One Mutual Fund	2	0.05%	+0.05%	0.1

Grindwell Norton Limited

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