Grindwell Norton Ltd-$
Grindwell Norton Ltd-$ (GRINDWELL) last reported results for the quarter ended Jun 2026, with sales of ₹803 crore and net profit of ₹115 crore. The stock last traded at ₹1,991, a market capitalisation of ₹22,054 crore, on a P/E of 50.6. Over the past 52 weeks the stock has ranged between ₹1,329 and ₹2,464. Figures are as of 9 Oct 2026 and are not real time.
Grindwell Norton Ltd-$ share price and key metrics
- Current price
- ₹1,991
- Market cap
- ₹22,054 cr
- Stock P/E
- 50.6
- Book value
- ₹229
- ROE
- 16.2%
- ROCE
- 21.2%
- Dividend yield
- 0.95%
- 52w high / low
- 2464/1329
Metrics as of 9 Oct 2026. Not real time.
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Grindwell Norton Ltd-$ growth and returns
- 10 Years
- 10%
- 5 Years
- 13%
- 3 Years
- 7%
- TTM
- 13%
- 10 Years
- 14%
- 5 Years
- 12%
- 3 Years
- 3%
- TTM
- 18%
- 10 Years
- 19%
- 5 Years
- 6%
- 3 Years
- -2%
- 1 Year
- 19%
- 10 Years
- 17%
- 5 Years
- 18%
- 3 Years
- 17%
- Last Year
- 16%
Grindwell Norton Ltd-$ quarterly results
In the quarter ended Jun 2026, sales were ₹803 cr, up 14.2% from ₹703 cr a year earlier. Net profit was ₹115 cr, up 22.3% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 |
| Expenses | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 |
| Operating profit | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 |
| OPM % | 19% | 18% | 18% | 18% | 18% | 18% | 19% | 20% |
| Other income | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| Tax % | 24% | 24% | 24% | 25% | 25% | 26% | 24% | 25% |
| Net profit | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 |
| EPS (₹) | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.60 | 10.72 | 10.43 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Grindwell Norton Ltd-$ annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,263 | 1,431 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 | 3,173 |
| Operating profit | 193 | 248 | 272 | 265 | 324 | 400 | 501 | 520 | 515 | 576 | 601 |
| OPM % | 15% | 17% | 17% | 17% | 20% | 20% | 20% | 19% | 18% | 19% | 19% |
| Net profit | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
| EPS (₹) | 10.78 | 13.53 | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 | 34.65 | 33.30 | 37.54 | 39.40 |
TTM is the trailing twelve months to the most recent quarter.
Grindwell Norton Ltd-$ balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| Reserves | 838 | 935 | 1,043 | 1,132 | 1,309 | 1,513 | 1,750 | 2,000 | 2,200 | 2,479 |
| Borrowings | 8 | 0 | 0 | 0 | 12 | 15 | 51 | 83 | 84 | 61 |
| Other liabilities | 309 | 349 | 347 | 404 | 485 | 532 | 549 | 628 | 716 | 840 |
| Total liabilities | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,436 |
| Fixed assets | 368 | 342 | 345 | 385 | 370 | 386 | 586 | 756 | 886 | 887 |
| CWIP | 6 | 25 | 43 | 29 | 24 | 67 | 124 | 128 | 26 | 52 |
| Investments | 145 | 171 | 183 | 583 | 713 | 531 | 642 | 689 | 892 | 999 |
| Other assets | 690 | 802 | 875 | 595 | 755 | 1,133 | 1,054 | 1,193 | 1,251 | 1,498 |
| Total assets | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,436 |
As reported by the company. Total assets equal total liabilities by construction.
Grindwell Norton Ltd-$ cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 170 | 134 | 85 | 318 | 331 | 187 | 393 | 368 | 458 | 542 |
| Cash from investing | -40 | -41 | -54 | -442 | -230 | -54 | -251 | -184 | -159 | -244 |
| Cash from financing | 3 | -60 | -68 | -95 | -95 | -114 | -140 | -175 | -221 | -215 |
| Net cash flow | 133 | 32 | -37 | -220 | 7 | 19 | 1 | 9 | 78 | 83 |
| Free cash flow | 117 | 96 | 18 | 268 | 283 | 67 | 72 | 199 | 366 | 424 |
| CFO / operating profit | 119% | 83% | 65% | 146% | 126% | 72% | 103% | 97% | 111% | 118% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Grindwell Norton Ltd-$ operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 20% | 23% | 23% | 20% | 23% | 26% | 28% | 25% | 21% | 21% |
| Debtor days | 37 | 45 | 47 | 47 | 45 | 43 | 40 | 49 | 47 | 47 |
| Inventory days | 162 | 159 | 169 | 155 | 163 | 184 | 146 | 148 | 140 | 123 |
| Days payable | 109 | 114 | 93 | 116 | 158 | 134 | 88 | 110 | 122 | 132 |
| Cash conversion cycle | 89 | 90 | 123 | 87 | 50 | 92 | 98 | 86 | 66 | 39 |
| Working capital days | 49 | 54 | 74 | 50 | 36 | 51 | 44 | 47 | 37 | 24 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Grindwell Norton Ltd-$ shareholding pattern
Promoters held 58.04% at Sep 2026, broadly unchanged since Sep 2025. FIIs 5.34% and DIIs 19.66%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% |
| FIIs | 6.97% | 6.75% | 6.81% | 6.38% | 6.39% | 5.56% | 5.21% | 5.34% |
| DIIs | 18.07% | 18.33% | 18.20% | 18.37% | 18.35% | 19.18% | 19.59% | 19.66% |
| Public | 16.91% | 16.88% | 16.95% | 17.22% | 17.23% | 17.23% | 17.17% | 16.95% |
| No. of shareholders | 50,300 | 46,810 | 47,110 | 48,557 | 49,010 | 46,994 | 45,545 | 44,141 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Grindwell Norton Ltd-$ corporate filings
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
Cruxal's analysis: Please find attached the Certificate under Regulation 74(5) of the SEBI (Depositories and…
Read the full analysis - Grindwell Norton Ltd issues newspaper notice regarding physical share transfer and dematerializationCompany Updatelow impact
Cruxal's analysis: Grindwell Norton has published a mandatory newspaper advertisement to inform shareholders…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: Please find attached the intimation of Trading Window Closure
Read the full analysis - Grindwell Norton Ltd discloses ESG rating from NSE Sustainability Ratings & Analytics LimitedCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd has submitted its ESG rating report issued by NSE Sustainability…
Read the full analysis - Grindwell Norton Ltd announces upcoming Analyst/Institutional Investor meetingCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd has issued a formal intimation regarding a scheduled meeting with…
Read the full analysis - Grindwell Norton Ltd announces upcoming Analyst/Institutional Investor meetingCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd has issued a formal intimation regarding a scheduled meeting with…
Read the full analysis - Grindwell Norton Ltd announces upcoming Analyst/Institutional Investor meetingCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd has issued an intimation regarding a scheduled meeting with analysts…
Read the full analysis - Grindwell Norton Ltd schedules Analyst/Institutional Investor meetingCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd has issued an intimation regarding an upcoming meeting with analysts…
Read the full analysis - Grindwell Norton Ltd issues newspaper advertisement regarding physical share dematerializationCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd has published a newspaper advertisement to notify shareholders about…
Read the full analysis - Grindwell Norton discloses ESG Rating from Crisil ESG Rating and Analytics LimitedCompany Updatelow impact
Cruxal's analysis: Grindwell Norton Ltd. has formally disclosed its ESG Rating, provided by Crisil ESG…
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