NSE: GRINDWELL | BSE: 506076

Expensive Performer

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1652.20 -21.75 (-1.30%)

44.18% Fall from 52W High

15,307 NSE+BSE Volume

NSE 03 Apr, 2025 3:31 PM (IST)

18,293.2

Market Cap

High in industry

0.6

Beta 1Year

Very Low volatility

Grindwell Norton Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GRINDWELL, BSE:506076 Grindwell Norton Ltd.

Grindwell Norton Ltd.

01 Feb 2021

1652.20

-1.30%

Grindwell Norton

Buy: Grindwell Norton Ltd.

Recommendation Target

ICICI Securities Limited

Better operating margins led by product mix, cost efficiencies Topline growth of 11.6% YoY was primarily led by ceramics & plastics segment (~34% contribution), up 18.0% to | 155.1 crore YoY. Abrasive segment (~58% contribution) grew 12% to | 265.3 crore YoY while new initiatives' segment de-grew 9.2% to | 41.2 crore YoY. Abrasive segment posted EBIT margin of 13.5%, an improvement of 170 bps YoY. While EBIT margins for ceramics and plastic segment expanded to 24.1%, YoY (vs. 12.7% in Q3FY20) and for new initiative' segment EBIT margin was at 28.5%...

Grindwell Norton Ltd. has lost -31.55% in the last 6 Months

Grindwell Norton Ltd.

02 Nov 2020

1652.20

-1.30%

Grindwell Norton

Hold: Grindwell Norton Ltd.

Target

ICICI Securities Limited

Grindwell Norton (GNL) reported decent Q2FY21 numbers across operational parameters owing to pent-up demand and revival in key sectors like automotive, industrial, construction, engineering amid unlock. Revenues were at | 439.0 crore, decent growth of 11.9% YoY. Abrasives, ceramics & new initiatives' segment contributed ~59%, ~32% & ~9%, respectively. Overall, EBITDA margins were at 21.3%, improving 470 bps YoY. This was primarily aided by a reduction in overall operating expenses and employee expenses. Gross margins were at 54.3% with a marginal decline of 40 bps...

Grindwell Norton Ltd. is trading above its 30 day SMA of 1592.8

Grindwell Norton Ltd.

25 May 2020

1652.20

-1.30%

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 -31.55% in the last 6 Months

Grindwell Norton Ltd.

12 Nov 2019

1652.20

-1.30%

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. is trading below its 50 day SMA of 1676.6

Grindwell Norton Ltd.

06 Aug 2019

1652.20

-1.30%

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 -31.55% in the last 6 Months

Grindwell Norton Ltd.

26 Jul 2019

1652.20

-1.30%

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. is trading below its 50 day SMA of 1676.6

Grindwell Norton Ltd.

03 Jun 2019, 12:00AM

1652.20

-1.30%

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. is trading above its 30 day SMA of 1592.8

Grindwell Norton Ltd.

05 Feb 2019

1652.20

-1.30%

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%...

Grindwell Norton Ltd. is trading above its 30 day SMA of 1592.8

Grindwell Norton Ltd.

06 Nov 2018

1652.20

-1.30%

Grindwell Norton Ltd: Grindwell Q2 Performance In-Line With Estimates

Hold: Grindwell Norton Ltd.

Karvy

Grindwell Q2 Performance In-Line With Estimates: Grindwell Norton revenue grew by 21% YoY basis to Rs. 4.2 bn on the back of double digit growth across all segments and earnings grew by 13% YoY basis to Rs. 3.67 in Q2, which is in-line with our estimates.

Grindwell Norton Ltd. has lost -31.55% in the last 6 Months

Grindwell Norton Ltd.

02 Nov 2018

1652.20

-1.30%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

Revenues came in at | 416.8 crore, up 21% YoY, below our estimates of | 395.5 crore. Abrasives, ceramics and new initiatives' segment contributed 62%, 31% and 8.5%, respectively Increased contribution from higher margin segments like ceramics and new initiatives' segment led to a strong operational performance with GNL reporting 17% EBITDA margins (vs. 16.8% in Q2FY18) for the quarter. Gross margins fell 290 bps due to cost pressure in abrasives segment of the business. Employee expenses rose only...

Grindwell Norton Ltd. has lost -31.55% in the last 6 Months

No results found

Is Grindwell Norton Ltd. worth buying?

72 Votes:

Buy 76.39%

Sell 13.89%

Hold 9.72%

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