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Grindwell Norton Ltd Performance

Today's Low
2,011.70
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Today's High
2,063.45
52 Wk Low
1,820.00
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52 Wk High
2,495.00


Open

2034.35

Traded Value (Cr)

15.82 Cr

Prev. Close

2034.35

VWAP

2041.04

Volume

57,251

Face Value

5

Grindwell Norton Ltd Fundamentals

Market Cap
₹ 22,874 Cr
P/E Ratio (TTM)
58.58
P/B Ratio
12.43
Debt to Equity
0.04
ROE
20.51 %
EPS (TTM)
35.27
Dividend Yield
0.70%
Book Value
166.26

Click here to know more about Fundamentals

Grindwell Norton Ltd Financials

Grindwell Norton Ltd Financials

Grindwell Norton Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 58.03 % 58.03 % 58.03 % 58.03 %
Mutual Funds 14.92 % 14.38 % 14.05 % 14.09 %
Retail 12.25 % 12.51 % 12.66 % 12.65 %
FII 8.31 % 8.42 % 8.40 % 8.34 %
Others 6.48 % 6.65 % 6.86 % 6.89 %

Promoters

58.03%

Mutual Funds

14.92%

Retail

12.25%

FII

8.31%

Others

6.48%

Promoters

58.03%

Mutual Funds

14.38%

Retail

12.51%

FII

8.42%

Others

6.65%

Promoters

58.03%

Mutual Funds

14.05%

Retail

12.66%

FII

8.40%

Others

6.86%

Promoters

58.03%

Mutual Funds

14.09%

Retail

12.65%

FII

8.34%

Others

6.89%

Resistance and Support

₹2,094.83

PIVOT

resistance-arrow
Resistance
First Resistance₹2,118.667
Second Resistance₹2,159.933
Third Resistance₹2,183.767
support-arrow
Support
First Resistance₹2,053.567
Second Resistance₹2,029.733
Third Resistance₹1,988.467
RSI64.615
MACD78.464
ADX10.564
CCI35.205

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day57,25166,64686.01
Week55,94750,79477.03
1 Month57,73447,41969.41
6 Months57,25140,36070.50

About Grindwell Norton Ltd

Grindwell Norton Limited (GNL) is one of the subsidiary of Compagnie de Saint-Gobain (Saint-Gobain), a transnational group with its headquarters in Paris and with sales of Euro 51.20 billion in 2022. Saint-Gobain has reorganized its businesses into two broad areas: Construction or Building related businesses that serve Regional markets and businesses that serve Global markets. The businesses that serve Global markets fall within the High Performance Solutions sector of Saint-Gobain. The Company's businesses are part of the High Performance Solutions sector. Within GNO, the businesses are divided into 3 major segments: Abrasives, Ceramics & Plastics and IT Services. The main businesses in GNL segment are Silicon Carbide, High Performance Refractories and Performance Plastics. The Abrasives business has four manufacturing sites: Mora (near Mumbai), Bengaluru, Nagpur and Bated (Himachal Pradesh). All the sites are certified under ISO 9001, ISO 14001 and OHSAS 18001. Saint-Gobain is a major player worldwide in Abrasives. Besides, GNO has a contract manufacturing facility. Silicon Carbide (SiC) is manufactured at GNL's plant located at Tirupati in Andhra Pradesh. SiC is also manufactured by the company's subsidiary, Saint-Gobain Ceramic Materials Bhutan Private Limited, at its plant near Phuentsholing in Bhutan. Both the plants are certified under ISO 9001, ISO 14001 and OHSAS 18001. High Performance Refractories (HPR) has two plants: one is located at Bengaluru and other at Halol, near Vadodara, in Gujarat. Both the plants are certified under ISO 9001, ISO 14001 and OHSAS 18001. The Performance Plastics business produces and markets more than 800 standard and custom-made polymer products through three business segments: Engineered Components (ENC), Fluid Systems (FLS) and Composites (CMP). GNL has a plant for ENC and FLS products situated at Bengaluru. This plant is certified under ISO 9001, ISO 14001, OHSAS 18001 and TS 1694. Originally registered as a private limited company in the early forties, GNL was later converted into a public limited company in 1950. Grindwell Norton is the pioneer in the manufacture of industrial abrasives, by setting up the first grinding-wheel factory. The company has commissioned its first silicon carbide plant in 1972 and the second one in 1979. In the early 1970s, it started manufacturing coated discs (sander discs). The zircona aluminium oxide discs are sold under the Zircon brand. In 1983, a jumbo coated-abrasive plant was commissioned. To indigenise production, a unit for centralised lubricating systems was set up in 1989-90 with technical assistance from Lincoln, Germany. The company commissioned a small super abrasive resin bond wheel plant at Bangalore in Jan.'95. For its forays into industrial and engineered ceramics, it has technical collaborations with the Saint-Gobain group, France and SEPR. The fused cast refractory was set up in Mar.'95. A new plant for manufacturing non-woven abrasives was inaugurated in Mar.'96 at Bangalore. The expansion of the high performance refractories plant was also completed 1998-99. The installed capacity of Abrasive Grains & refractories have been reduced due to the restructuring of Ceramics Business and discontinuation of manufacturing operations of Fused Cast Refractories. The company has sold its Fused Cast Refractories business to M/s SEPR Refractories India Ltd for a consideration of Rs.68.83 Million during the year 2002. The year 2003 was pretty good for the company in respect of refractories business. The volumes and profit were above the projections. This business was certified under ISO 9001:2000, during the year 2003. During the financial year ended 31 March 2014, Grindwell Norton's Abrasives business took the lead in increasing prices, but, in a very competitive market, where suppliers seemed more concerned with maintaining volumes than margins, the improvement in price realization fell significantly short of what was required to offset the cost increases. Under the circumstances, the company's management did well to limit the drop in volumes and margins. During the year, the new Non-woven plant in Bangalore was fully commissioned and the Bonded Abrasives' expansion project at Nagpur, which was slowed down last year, was also completed and commissioned. The company's new High Performance Refractories plant in Halol (Gujarat) stabilized during the year. Production in the grain plant of Grindwell Norton's subsidiary in Bhutan, which was commissioned in 2013, stabilized and the subsidiary started selling Silicon Carbide grains directly to its customers. During the year under review, Grindwell Norton invested Rs.4.31 crore in the equity capital of Saint-Gobain Research India Limited (SGRI). The Scheme of Amalgamation involving the merger of SEPR Refractories India Ltd., Saint-Gobain Crystals & Detectors India Ltd. and Saint-Gobain Sekurit India Ltd. which was approved by the Board of Directors on 19 April 2013, was approved by the shareholders in the Court Convened Meeting held on 27 November 2013, with the requisite majority. However as per SEBI Circular dated 4 February 2013, read with Circular dated 21 May 2013, the requisite majority of public shareholders (other than Promoter and Promoter group) did not approve the Scheme. Consequently, the Scheme of Amalgamation was not acted upon During the financial year ended 31 March 2015, Grindwell Norton's Abrasives business focused on new products and new markets to reverse the drop in volumes in the past two years. The workers' union of Grindwell Norton's Bengaluru plant went on strike for a period of 20 days in November 2015 due to an impasse in the wage negotiations. The management had taken all steps to meet customer requirements during the strike period and there was no major impact on the financial performance of the company due to the strike. During the year ended 31 March 2018, the company's Abrasives business unit continued to focus on new products and new markets. The 'Next Level' initiative continued to engage the employees at all levels and there was progress on several dimensions. In Silicon Carbide business, Grindwell Norton's Tirupati plant benefited from improved availability of power in the first half of the year. During the FY2020, the Company signed a Joint Venture Agreement with Shinagawa Refractories Co. Ltd., Japan and incorporated a Private Limited Company, SG Shinagawa Refractories India Private Limited to manufacture tap hole clay for the steel industry. The Company invested Rs 11.27 crore in SG Shinagawa Refractories India Private Limited and holds 49% of the equity. The project work has started at the Halol (Gujarat) site of the Company. During the year 2021, the business commenced construction of a new Coated Maker. The Company invested in the equity capital of Andhra Pradesh Gas Power Corporation Ltd. (APGPCL), which entitled it to receive additional electricity and increased production at the Tirupati plant. The Joint Venture Company, SG Shinagawa Refractories India Pvt Ltd. commenced the commercial production during FY 2021. The Company invested in Cleanwin Energy Three LLP for a stake of 27.27% for purchase of wind power for its Mora unit. During the Financial year 2022-23, the Company commissioned the new Paper maker Unit in Bengaluru. The Company acquired PRS Permacel Private Limited (PRS) by execution of Share Purchase Agreement on May 12, 2022 and post-acquisition, PRS became a 100% subsidiary of the Company. Thereafter, the Wholly Owned Subsidiary, PRS Permacel Private Limited got merged with the Company through Scheme of Merger effective from May 27, 2022.

Managing Director

B Santhanam

Founded

1950

NSE Symbol

GRINDWELL

Grindwell Norton Ltd Management

NameDesignation
K VisweswaranCompany Sec. & Compli. Officer
Keki M ElaviaChairman & Independent Directo
Sreedhar NatarajanDirector
Archana Niranjan HingoraniIndependent Director
SUBODH SATCHITANAND NADKARNIIndependent Director
B SanthanamManaging Director
Krishna Kumar PrasadWhole-time Director
David MolhoDirector
Aakil MahajanDirector
Jean-Claude LasserreDirector

Grindwell Norton Ltd News

Grindwell Norton announces board meeting date
On 6 May 2024
Grindwell Norton consolidated net profit rises 14.93% in the December 2023 quarter
Sales rise 9.27% to Rs 655.47 crore
Volumes soar at Grindwell Norton Ltd counter
Grindwell Norton Ltd recorded volume of 2.74 lakh shares by 14:14 IST on NSE, a 13.11 times surge over two-week average daily volume of 20862 shares
Grindwell Norton acquires 49% stake in Advanced Synthetics Minerals
Grindwell Norton to discuss results
On 3 February 2024
Board of Grindwell Norton approves investment of Rs 25 cr
At meeting held on 22 December 2023
Grindwell Norton consolidated net profit rises 13.14% in the September 2023 quarter
Sales rise 5.16% to Rs 667.40 crore
Grindwell Norton to declare Quarterly Result
On 8 November 2023
Volumes jump at Grindwell Norton Ltd counter
Grindwell Norton Ltd witnessed volume of 15187 shares by 10:45 IST on BSE, a 5.03 times surge over two-week average daily volume of 3021 shares
Grindwell Norton consolidated net profit rises 4.93% in the June 2023 quarter
Sales rise 4.76% to Rs 668.35 crore

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Grindwell Norton Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Grindwell Norton Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Grindwell Norton Ltd's share price is ₹2,041.30 as of April 19, 2024

Grindwell Norton Ltd's P/E ratio is 58.58 times as of April 19, 2024.

Grindwell Norton Ltd's most recent financial reports indicate a price-to-book ratio of 12.43, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Grindwell Norton Ltd's market is 22,874 Cr as on April 19, 2024.

The current financial records of Grindwell Norton Ltd show a 20.51% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Grindwell Norton Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Grindwell Norton Ltd's 52-week high and low as of April 19, 2024 are ₹2063.45 and ₹2011.7 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Grindwell Norton Ltd stands at 58.03%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 8.42% to 8.31%.