NSE: GRINDWELL | BSE: 506076

Expensive Performer

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1707.70 -32.20 (-1.85%)

38.73% Fall from 52W High

46,825 NSE+BSE Volume

NSE 11 Jul, 2025 3:31 PM (IST)

18,907.7

Market Cap

Below industry Median

0.9

Beta 1Year

Low volatility

Dividend

Grindwell Norton Ltd. has an upcoming dividend of ₹17.00 per share due on 15 Jul 2025 See details

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.

27 Jul 2017

1707.70

-1.85%

Grindwell Norton Ltd: Revenues Grew; Cost Pressure Impacted ... (Jul 27, 2017)

Strategy Note: Grindwell Norton Ltd.

Karvy

Revenues Grew; Cost Pressure Impacted Margin Expansion in Q1FY18: Revenue (net) grew by 8.6% and 9.1% on YoY basis at consolidated and standalone level respectively during Q1FY18.Abrasives segment posted YoY growth of 2.6% in Q1FY18 while the same for Ceramics & plastics came in at 18.0%. Weakness in Ceramics & Plastics segment at subsidiaries level contracted YoY revenue growth to the extent of 13.1% compared to same period last year.

Grindwell Norton Ltd. is trading above its 100 day SMA of 1677.8

Grindwell Norton Ltd.

27 Jul 2017

1707.70

-1.85%

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. has lost -36.29% in the last 1 Year

Grindwell Norton Ltd.

01 Jun 2017

1707.70

-1.85%

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 an average target of 1739.00 from 1 broker.

Grindwell Norton Ltd.

03 Feb 2017

1707.70

-1.85%

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 50Day SMA today

Grindwell Norton Ltd.

04 Nov 2016

1707.70

-1.85%

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 50Day SMA today

Grindwell Norton Ltd.

29 Jul 2016

1707.70

-1.85%

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.'s price crossed below 50Day SMA today

Grindwell Norton Ltd.

03 Jun 2016

1707.70

-1.85%

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. is trading below its 30 day SMA of 1745.6

Grindwell Norton Ltd.

04 Feb 2016

1707.70

-1.85%

Grindwell Norton

Buy: Grindwell Norton Ltd.

ICICI Securities Limited

Grindwell Norton Ltd. is trading below its 30 day SMA of 1745.6

Grindwell Norton Ltd.

20 Aug 2015

1707.70

-1.85%

Grindwell Norton Ltd: GWN is set to rise with resilient economy (Aug 20, 2015)

Buy: Grindwell Norton Ltd.

Karvy

Karvy initiates coverage on Grindwell Norton Ltd (GWN) with a Buy Rating. GWN to benefit from up-tick in industrial and investment activity. Revenues could grow by 11% CAGR during FY15-17E with abrasives division growing at a CAGR of 9.4% and ceramics division growing at a CAGR of 8.2% during the same period. GWN has made prudent investments in capacities with blended utilisation levels currently averaging below 60% could benefit from operating leverage during FY15-17E with asset turnover improving over 1.2x by FY17E. GWN has enviable parental backing from Saint Gobain with access to cutting edge product and process technologies apart from access to multiple markets for export of products. We initiate a coverage on GWN with a BUY rating for a target price of Rs. 890 at 31x FY17E EPS which is 2 standard deviation of one year forward mean PE during FY05-15 representing an upside potential of 17% for a 9-12 months period.

Grindwell Norton Ltd. is trading below its 30 day SMA of 1745.6

Is Grindwell Norton Ltd. worth buying?

73 Votes:

Buy 76.71%

Sell 13.7%

Hold 9.59%

RESEARCH REPORTS

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