Debut Plus

₹2,382.3

▲ +336.35 +16.44%

16 Jul 2026

NSE Listed · Capital Goods-Non Electrical Equipment

Grindwell Norton Limited (GRINDWELL)

Volume: 48,913Avg Vol 1W: 82,920Avg Vol 1M: 72,49152W Range:₹1,329₹2,455
NSE BSE www.grindwellnorton.co.in
Key Ratios
Checked just now
Market Cap₹26,377 Cr
Current Price₹2,382.3
Previous Close₹2,045.95
High / Low (52w)₹2,455 / ₹1,329
Volume48,913
Avg Vol (1W)82,920
Avg Vol (1M)72,491
Stock P/E68.1
Book Value₹228.63
Dividend Yield93%
ROE16.4%
ROA12.12%
Revenue (TTM)—
Revenue Growth4.65%
Profit Margin13.57%
Total Debt₹1 Cr
Shares Outstanding11 Cr
Face Value₹5
EPS (TTM)₹34.98
P/B10.42
Debt / Equity0.02
50 DMA₹2,087.98
200 DMA₹1,757.88
Day change+16.44%
Price Chart
₹2,382.3▲ 50.17% · 1Y
₹2382₹135310.6L
2025-11-24
2026-07-16

20-day avg volume: 74K shares

Pros
  • Healthy return on equity of 16.4%.
  • Pays a dividend yield of 93.0%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 68.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹706 Cr₹694 Cr₹703 Cr₹710 Cr₹703 Cr₹775 Cr₹753 Cr₹842 Cr
EBITDA₹127 Cr₹130 Cr₹118 Cr₹125 Cr₹128 Cr₹145 Cr₹131 Cr₹160 Cr
Net Profit₹93 Cr₹96 Cr₹87 Cr₹93 Cr₹94 Cr₹107 Cr₹95 Cr₹119 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹1,633 Cr₹1,620 Cr₹1,689 Cr₹2,066 Cr₹2,597 Cr₹2,755 Cr₹2,891 Cr₹3,168 Cr
EBITDA₹262 Cr₹247 Cr₹321 Cr₹401 Cr₹496 Cr₹517 Cr₹500 Cr₹563 Cr
Net Profit₹167 Cr₹183 Cr₹239 Cr₹296 Cr₹362 Cr₹384 Cr₹369 Cr₹416 Cr
EPS15.1116.4821.626.732.6934.6533.337.54
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹1,449 Cr₹1,595 Cr₹1,865 Cr₹2,119 Cr₹2,410 Cr₹2,770 Cr₹3,057 Cr₹3,438 Cr
Total Liabilities₹338 Cr₹394 Cr₹488 Cr₹539 Cr₹593 Cr₹703 Cr₹787 Cr₹888 Cr
Equity₹1,112 Cr₹1,201 Cr₹1,377 Cr₹1,580 Cr₹1,817 Cr₹2,067 Cr₹2,270 Cr₹2,550 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹178 Cr₹388 Cr₹410 Cr₹286 Cr₹516 Cr₹505 Cr₹573 Cr₹681 Cr
Investing₹-54 Cr₹-442 Cr₹-230 Cr₹-54 Cr₹-260 Cr₹-182 Cr₹-213 Cr₹-315 Cr
Financing₹-68 Cr₹-95 Cr₹-95 Cr₹-114 Cr₹-140 Cr₹-175 Cr₹-221 Cr₹-215 Cr
Free Cash Flow₹178 Cr₹388 Cr₹410 Cr₹286 Cr₹516 Cr₹505 Cr₹573 Cr₹681 Cr
Shareholding
Promoter 58.03% Institutions 24.8% Public 17.17%
Efficiency & Working Capital
ROCE21.9%
Interest Coverage69
Dividend Payout—
Debtor Days47 d
Inventory Days57 d
Payable Days61 d
Cash Conversion Cycle43 d
Working Capital Days104 d
Shareholding Details

As of 2026-06-30

Promoter58%
FII5.2%
DII19.6%
Institutions24.8%
Public17.2%
Promoter Pledge0%
No. of Shareholders45,545
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters58%58%58%58%58%58%58%58%58%58%58%58%
FIIs8.4%8.4%8.3%8.6%8.3%7%6.8%6.8%6.4%6.4%5.6%5.2%
DIIs14.8%15.1%15.9%16.1%16.7%18.1%18.3%18.2%18.4%18.4%19.2%19.6%
Public18.8%18.5%17.8%17.2%17%16.9%16.9%16.9%17.2%17.2%17.2%17.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders51,24052,19947,95447,49350,45550,30046,81047,11048,55749,01046,99445,545
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Saint Gobain Abrasives IncShareholding of Promoter and Promoter Group26.8%2.96 Cr
Spafi-societe De Participations Financieres Et IndustriellesShareholding of Promoter and Promoter Group24.6%2.72 Cr
Sbi Midcap FundPublic Shareholding9.3%1.03 Cr
Uti-flexi Cap FundPublic Shareholding2.5%27,80,104
Vera Anand MahajanShareholding of Promoter and Promoter Group1.7%18,89,115
Nippon Life India Trustee Ltd-a/c Nippon India Small Cap FundPublic Shareholding1.6%18,17,531
Khursheed M NarangShareholding of Promoter and Promoter Group1.3%14,82,515
Invesco India Manufacturing FundPublic Shareholding1.2%12,72,925
Icici Prudential Smallcap FundPublic Shareholding1.1%11,63,462
Ashaita MahajanShareholding of Promoter and Promoter Group1%10,57,028
Danesh M NarangShareholding of Promoter and Promoter Group1%10,47,000
Aakil Anand MahajanShareholding of Promoter and Promoter Group0.9%9,97,628
Anand Yashavant MahajanShareholding of Promoter and Promoter Group0.5%5,09,904
Saint Gobain India Private LimitedShareholding of Promoter and Promoter Group0.3%3,00,000
Malvinder C NarangShareholding of Promoter and Promoter Group0.1%1,38,000
Mikhil M NarangShareholding of Promoter and Promoter Group0%5,069
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Vera Anand Mahajan00%2026-06-30
Khursheed M Narang00%2026-06-30
Ashaita Mahajan00%2026-06-30
Danesh M Narang00%2026-06-30
Aakil Anand Mahajan00%2026-06-30
Anand Yashavant Mahajan00%2026-06-30
Malvinder C Narang00%2026-06-30
Mikhil M Narang00%2026-06-30
Saint Gobain India Private Limited00%2026-06-30
Saint Gobain Abrasives Inc00%2026-06-30
Spafi-societe De Participations Financieres Et Industrielles00%2026-06-30
Sbi Midcap Fund00%2026-06-30
Board of Directors
NameDesignationYear
SUBODH SATCHITANAND NADKARNIChairman & Independent Directo2026
Archana Niranjan HingoraniIndependent Non Exe. Director2026
Kaustubh Govind ShuklaIndependent Non Exe. Director2026
Aakil MahajanNon Executive Director2026
David MolhoNon Executive Director2026
Stephanie BilletNon Executive Director2026
Sreedhar NatarajanNon Executive Director2026
Hari SingudasuExecutive Director & CFO2026
Venugopal ShanbhagExecutive Director & MD2026
GIRISH THANWARDAS SHAJANICompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Abrasives₹545 Cr68.5%
Ceramics & Plastics₹232 Cr29.2%
Others₹19 Cr2.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹5665555
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-24Board Meetings—
forthcoming2026-07-10Dividend (19/- per share)Final
dividend2026-07-10₹19 (380%)Final
dividend2025-07-15₹17 (340%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20261,04512113161,101
2026310251654
2026000101
Insider / Designated-Person Trades

7 recent disclosure(s)

Mikhil M. Narang RevisedDisposal · 4,30,000
Danesh M. NarangAcquisition · 4,30,000
Mikhil M. NarangDisposal · 4,30,000
Danesh M. Narang RevisedAcquisition · 4,30,000
Rajani SeshadriAcquisition · 4,000
K. M. NARANGDisposal · 4,124
Substantial Acquisitions (SAST)

2 disclosure(s)

Market25/11/2024 · 9,01,070
Market13/08/2024 · 27,448
Company Information
Incorporated1950
ChairmanSUBODH SATCHITANAND NADKARNI
AuditorKalyaniwalla & Mistry LLP
Investor Email[email protected]
🌐 www.grindwellnorton.co.in ↗

📍 Leela Business Park 5th level, Andheri-Kurla Rd Andheri(East), Mumbai, Maharashtra, 400059

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