GRINDWELL · Grindwell Norton Ltd · Constr. - Supplies & Fixtures
GRINDWELL · Grindwell Norton Ltd · Constr. - Supplies & Fixtures
As of 05 Nov close
52-week range
21.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹803 Cr
Revenue YoY
PAT YoY
+22.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
8.3
P/S (TTM)
6.6
Sector P/E
28.6
Dividend yield
+1.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| GRINDWELL (this stock) | 54.9 | 8.3 | +13.8% | +17.2% | 0.02 | +1.0% |
| Carborundum Universal | 106.5 | 5.9 | +3.9% | +5.4% | 0.11 | +0.4% |
| Kajaria Ceramics | 35.3 | 6.2 | +10.8% | +17.8% | 0.07 | +1.1% |
| Century Plyboards (India) | 65.9 | 6.8 | +5.0% | +10.6% | 21.01 | +0.1% |
Promoter
stable
FII
falling 2q
MF
18.47% (+0.73pp)
rising 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation from Grindwell Norton Limited, dated May 29, 2026, provided an overview of the company's recent performance and initiatives. Management reported a revenue increase of 9.3% for FY 2025-26, reaching Rs. 3,073 crores, with a corresponding EBIT growth of 12.5%. The presentation highlighted significant sustainability efforts, including a 43% reduction in CO2 output since 2017. New product innovations were showcased across various sectors, including automotive and life sciences. The company received multiple awards for excellence in safety and environmental practices. Additionally, the presentation detailed employee engagement metrics, indicating high satisfaction levels among staff. Management also outlined ongoing investments in capacity expansion and new product lines, totaling approximately Rs. 794 crores over the past five years. The proposed dividend for FY 2025-26 was set at Rs. 17 per share, pending shareholder approval.
The presentation emphasized growth, innovation, and sustainability initiatives.
Sourced from an exchange-filed presentation, dated 29 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedGrindwell Norton Limited (GRINDWELL) reported no material changes affecting its financial position between the end of FY2025-26 and the report date. The company has no significant regulatory orders impacting its going concern status, and no insolvency proceedings were filed or pending under the Insolvency and Bankruptcy Code, 2016. The company emphasizes robust risk management and internal financial controls, with a Risk Management Committee overseeing systematic risk mitigation. Financial performance details and key audit matters, including revenue recognition and valuation of unquoted equity investments, were addressed in the auditor's report. The company maintains compliance with statutory dues, with no undisputed dues outstanding beyond six months. No material legal or regulatory actions were noted, and the company's internal controls were deemed effective by auditors.
- No material changes or commitments affecting financial position since FY2025-26 ended.
- No significant regulatory orders or insolvency proceedings impacting going concern status.
- Robust risk management framework with a dedicated Risk Management Committee.
- Statutory compliance maintained with no undisputed dues outstanding beyond six months.
- Auditor highlighted key audit matters including revenue recognition and valuation of unquoted equity investments.
Key takeaway: Grindwell Norton Limited shows no material financial or regulatory risks, with effective risk management and compliance practices in place, and no significant adverse findings reported in the annual report.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
No item of a kind that needs attention was stored for this company.
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has several contingent liabilities including excise service tax, custom duty, sales tax, labour law claims, bank guarantees, non-agricultural land cess, and other claims disputed with authorities, some of which are sub judice.
Earlier (1-3 years ago)
The company has a contingent liability of ₹99,740 lakhs from disputed power charges with Southern Power Distribution Company of Andhra Pradesh Ltd (SPDCL), which is under legal dispute in High court/Supreme court.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has related party transactions with its holding company, Compagnie De Saint-Gobain, France, and fellow subsidiaries, such as American Seal And Engineering Comp.
Earlier (1-3 years ago)
The company has related party transactions with its holding company, Compagnie De Saint-Gobain, France, and various fellow subsidiaries across multiple countries.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has undisputed statutory dues for Excise Duty under the Central Excise Act, 1944, for fiscal years 2005-06 to 2011-12, pending before various authorities including the Assistant Commissioner, Customs, Excise and Service Tax Appellate Tribunal, and Commissioner (Appeals). The amounts and specific periods are listed in the excerpt.
Earlier (1-3 years ago)
The company has undisputed statutory dues pending as of March 31, 2024, including Excise Duty and Custom Duty, with amounts ranging from ₹10.32 lakhs to ₹183.03 lakhs, and disputes pending before various authorities such as the Customs, Excise and Service Tax Appellate Tribunal and Commissioner of Customs, West Bengal.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
0.47% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).