Grindwell Norton Ltd. News and Updates

Name: Latest research reports of Grindwell Norton Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Grindwell Norton Ltd.
Rating: 3
Author: ICICI Securities Limited

Keep track of all breaking news on Grindwell Norton Ltd. from all sources in a single place.

Load latest

Grindwell Norton Ltd.

30 Oct 2020

1570.00

-2.50%

Grindwell Norto Consolidated September 2020 Net Sales at Rs 439.04 crore, up 11.91% Y-o-Y

Moneycontrol

NULL

Grindwell Norton Ltd. has an average target of 1739.00 from 1 broker.

Grindwell Norton Ltd.

26 May 2020

1570.00

-2.50%

Hold Grindwell Norton; target of Rs 550: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on Grindwell Norton with a target price of Rs 550 in its research report dated May 25, 2020.

Grindwell Norton Ltd. has lost -12.50% in the last 1 Week

Grindwell Norton Ltd.

25 May 2020

1570.00

-2.50%

Grindwell Norton

Hold: Grindwell Norton Ltd.

Recommendation Target

ICICI Securities Limited

Topline growth of 9.7% YoY was primarily dragged by abrasives segment, which de-grew 13.4% to | 219.4 crore YoY. Ceramics and plastic segment de-grew 5.6% to | 114.6 crore YoY while new initiatives segment posted growth of 5.6% to | 36.3 crore YoY This segment contributed 33.4% to the topline. Abrasives segment grew 6.6% YoY, contributing 59.3% to the overall topline. EBIT margins of the abrasive segment came in at 9.5% (vs. 13.9% YoY). Margins of ceramics and plastic segment were at 15.0% (vs. 15.5% YoY) while for new initiative segment EBIT margin was at 28.4% (vs....

Grindwell Norton Ltd. has lost -12.50% in the last 1 Week

Grindwell Norton Ltd.

21 May 2020

1570.00

-2.50%

Grindwell Norto Consolidated March 2020 Net Sales at Rs 365.88 crore, down 9.74% Y-o-Y

Moneycontrol

NULL

Prabhudas Lilladhar released a Hold report for Grindwell Norton Ltd. with a price target of 1739.0 on 27 Jul, 2025.

Grindwell Norton Ltd.

12 Nov 2019

1570.00

-2.50%

Grindwell Norton Ltd: Ceramics & Plastics Business Shine; Abrasives Down

Hold: Grindwell Norton Ltd.

Target

Karvy

Grindwell Norton switched to new tax rate which led to expansion in earnings for Q2 by 29 percent to Rs.4.7

Grindwell Norton Ltd. has lost -12.50% in the last 1 Week

Grindwell Norton Ltd.

06 Aug 2019

1570.00

-2.50%

Grindwell Norton Ltd: 1Q Results in line; Ceramics & Plastics Business Shine

Hold: Grindwell Norton Ltd.

Karvy

Grindwell earnings for 1Q came in line with our estimates. Revenue grew by 7.9% YoY to Rs. 4.1 Bn on the back of 22% YoY growth in Ceramics & Plastics business (C&P;).

Grindwell Norton Ltd. has lost -39.40% in the last 1 Year

Grindwell Norton Ltd.

26 Jul 2019

1570.00

-2.50%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Securities Limited

Topline growth of 7.9% YoY was primarily driven by solid growth of 21.6% YoY in the ceramics & plastics segment coupled with robust EBIT margins of 17.0% (17.1% in Q1FY19). This segment contributed 33.4% to topline. Abrasives segment grew 6.6% YoY, contributing 59.3% to the overall topline. However, EBIT margins contracted 120 bps to 13.3% in the quarter. GNL witnessed higher input prices. The company imports over 50% of its raw material, majority of which comes from China and Europe. For FY2021E, the management intends to manage its operating margins via...

Grindwell Norton Ltd. has lost -12.50% in the last 1 Week

Grindwell Norton Ltd.

03 Jun 2019

1570.00

-2.50%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Securities Limited

Stable FY19 despite higher input and energy costs For FY19, Grindwell Norton (GNL) reported stable growth of 11.7% YoY in topline, led by healthy growth in ceramics, abrasives and plastics segment. The same grew 29.3% YoY, 9.2% YoY and 14.5% YoY, respectively. Plastics segment grew tepid this year, due to slower offtake in auto segment (~30% sales come from this segment). EBIT margin for abrasives, C&P; segment and others segment were at 13.8%, 15.2% and 23.5%, respectively. For FY19, GNL witnessed higher input prices, energy costs and foreign exchange...

Grindwell Norton Ltd. has lost -12.50% in the last 1 Week

Grindwell Norton Ltd.

05 Feb 2019

1570.00

-2.50%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Securities Limited

Grindwell Norton (GNL) reported weak Q3FY19 numbers, which were below our estimates. Revenues came in at | 394.8 crore, up 8% YoY, below our estimate of | 415 crore. Abrasives, ceramics and new initiatives' segment contributed ~59%, ~33% and ~8%, respectively EBITDA margins came in at 16.2% vs. 17.6% YoY. This was primarily due to a decline in gross margins by 200 bps YoY. Power & fuel expenses also increased 16.1% YoY. However, the same was partly offset by lower employee & other expenses, up 4.7% YoY and 5.4%...