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

Grindwell Norton Ltd.

NSE: GRINDWELL | BSE: 506076 | ISIN: INE536A01023 | Industry: Abrasives & Bearings
| Falling Comet

1600.2000 13.85 (0.87%)

NSE Apr 11, 2025 15:31 PM

45.94% Fall from 52W High

Volume: 229.8K

High volume today

Grindwell Norton Ltd.

03 Jun 2019

1600.20

0.87%

Grindwell Norton

Buy: Grindwell Norton Ltd.

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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. is trading below all available SMAs