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: 5
Author: ICICI Securities Limited

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Grindwell Norton Ltd.

27 Jul 2017

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Grindwell Norton's (GNL) reported Q1FY18 results, which were below our estimates. This was mostly on account of weak growth of 2.6% YoY in the abrasives segment (our estimate 10% YoY). The abrasives segment contributed ~64% of topline, while the Ceramics & Plastics segment contributed ~28% to the topline. Revenues came in at | 337.7 crore up 8.5% YoY, marginally below our estimates of | 343.1 crore. Abrasives segment grew 2.6% YoY, |...

Grindwell Norton Ltd.'s price crossed below 50Day SMA today

Grindwell Norton Ltd.

13 Jul 2017

1643.10

-6.67%

DRL among cos turning ex-dividend

Business Line

A host of companies will turn ex-dividend on Monday, pushing investors to buy those companies' shares by Friday to receive the payout. Among these are Dr Reddy's Labs (20/share), Grindwell Norton...

Grindwell Norton Ltd. has lost -36.62% in the last 1 Year

Grindwell Norton Ltd.

01 Jun 2017

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Grindwell Norton (GNL) reported Q4FY17 numbers, which were below our estimates. The abrasives' segment contributed ~67% of...

Grindwell Norton Ltd. has lost -36.62% in the last 1 Year

Grindwell Norton Ltd.

03 Feb 2017

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Grindwell Norton's (GNL) Q3FY17 numbers were above our estimates. Revenues came in at | 314.4 crore (adjusted for Ind-As), up 12% YoY, and above our estimates of | 301.4 crore Abrasives segment comprised ~65% of the topline while the ceramics & plastics segment contributed 25% to the topline. Abrasives segment grew 16.9% YoY, | 218.6 crore in Q3FY17 vs. | 186.7 crore in Q3FY16. Ceramics & plastics segment grew 17.9%...

Grindwell Norton Ltd.'s price crossed below 30Day SMA today

Grindwell Norton Ltd.

04 Nov 2016

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Grindwell Norton's Q2FY17 numbers were broadly in line with our estimates. Revenues came in at | 311.2 crore (adjusted for Ind-AS) up 9.5% YoY, and in line with our estimate of | 311.1 crore Abrasives segment grew 11.8% YoY to | 219.9 crore in Q2FY17 vs. | 196.6 crore in Q1FY16 (our estimate 9% YoY growth). Non abrasives segment grew 12.5% YoY, | 115.3 crore in Q2FY17 vs. | 102.4 crore in Q1FY16 (our estimate: 13% YoY growth). Abrasives...

Grindwell Norton Ltd.'s price crossed below 30Day SMA today

Grindwell Norton Ltd.

29 Jul 2016

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

Abrasives segment grew 11.5% YoY, | 222.85 crore in Q1FY17 vs. | 199.75 crore in Q1FY16 (our estimate: 11% YoY growth). Nonabrasives segment grew 2.5% YoY, | 113 crore in Q1FY17 vs. | 110 crore in Q1FY16 (our estimate 5% YoY growth). Abrasives' segment contributed ~66.5% of topline, while the Ceramics & Plastics' segment contributed 25.5% to the topline Absolute EBITDA came in at | 50.4 crore vs. our estimate of | 51 crore. EBITDA margins came in at 16.2% vs. 15.5% in Q1FY16 (Idirect estimate: 15.5%) on account of lower power and other expenditure costs during Q1FY17...

Grindwell Norton Ltd. has lost -36.62% in the last 1 Year

Grindwell Norton Ltd.

03 Jun 2016

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research For Q4FY16, Grindwell Norton's (GNL) revenues came in at | 323 crore, up 8.8% YoY, and below our estimate of ~| 347.6 crore. This...

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

Grindwell Norton Ltd.

31 May 2016

1643.10

-6.67%

Grindwell Norton surges on 1:1 bonus issue

Business Standard

The stock rallied 14% to Rs 721 on the BSE in otherwise weak market.

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

Grindwell Norton Ltd.

04 Feb 2016

1643.10

-6.67%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

Grindwell Norton Ltd.'s price crossed below 50Day SMA today

Grindwell Norton Ltd.

03 Feb 2016

1643.10

-6.67%

Grindwell Norton's directors resign

Business Line

Grindwell Norton Ltd has informed the BSE that Guillaume Texier, Director and Benoit d'Iribarne, Alternate Director to Marie-Armelle Chupin has resigned from the board of directors, consequent to th...

Grindwell Norton Ltd.'s price crossed below 30Day SMA today

Is Grindwell Norton Ltd. worth buying?

73 Votes:

Buy 76.71%

Sell 13.7%

Hold 9.59%

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