GRINDWELL NORTON LIMITED·CONSUMER DURABLES 46.05·Industrial Products Companies

Price

1,877.5

+0.23%
O:1870
H:1899.9
L:1815.1
C:1877.5

52W Range

13292455
+41%/-24%

Market Cap

₹20,787.68 Cr

Traded: ₹4.64 Cr (0.02%) 0.0x

Free Float: ₹3,569.24 Cr (0.13% of FF traded)

Volume · 60D trend

24.96 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-5% 3M:-9% 6M:-11% 12M:+14%

RS Score

SEEM
NOUS
BNF
SMA Score

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Valuation

P/E47.6
P/B8.2
P/S6.5
EV/EBIT32.8

Business Strength

ROE16.0%
ROCE20.9%
OPM18.7%
NPM13.6%

Growth (3Y CAGR)

EPS+12.7%
Sales+7.0%
Profit+3.0%
3Y Return-2.0%

Balance Sheet

Debt/Equity0.0
Debt0.7 Cr
Pledge0.0%
CWIP/Fixed Asset5.9%

Cash Position

CFO/NP130.0%
FCF424 Cr
FCF 3Y Avg989 Cr
Cash/MCap2.0%

Others

Div Yield1.0%
Div Payout51.0%
Cash Conv. Cycle39 days
Tradeable Free Float17.2%
GRINDWELL1,877.5 0.23% NSEBSE20% 29 Oct
NOUS
BNF
MCap20.8K Cr
Vol24.96 K
RVol
Del%
TVal4.64 Cr
RS
SEEM

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 11.27 Cr
0.32% FF
60d high
₹ 12.88 Cr
60d low
₹ 10.12 Cr
60d mean
₹ 11.09 Cr
vs mean
▲ 1.67%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Profit
+14.0%
+12.0%
+3.0%
--
+18.0%
Stable
Sales
+10.0%
+13.0%
+7.0%
--
+13.0%
Stable
ROE
+17.0%
+18.0%
+17.0%
--
--
Stable
Return
+19.0%
+10.0%
-2.0%
+14.0%
--
Stable

Quarterly Results

Jun 2026

24 Jul
Rev
▼803 Cr
+14% YoY-5% QoQ
OPM20.0%
NPM14.3%
PAT
--▼115 Cr
EPS
+22% YoY▼10.4

Mar 2026

8 May
Rev
▲842 Cr
+19% YoY+12% QoQ
OPM19.0%
NPM14.1%
PAT
+28% YoY▲119 Cr
EPS
+28% YoY▲10.7

Dec 2025

6 Feb
Rev
▼753 Cr
+7% YoY-3% QoQ
OPM18.0%
NPM12.8%
PAT
+10% YoY▼96 Cr
EPS
+10% YoY▼8.6

Sep 2025

PDF
Rev
▲775 Cr
+12% YoY+10% QoQ
OPM18.0%
NPM13.8%
PAT
+11% YoY▲107 Cr
EPS
+11% YoY▲9.7

Jun 2025

PDF
Rev
▼703 Cr
-0% YoY-1% QoQ
OPM18.0%
NPM13.4%
PAT
+1% YoY▲94 Cr
EPS
+1% YoY▲8.5

Mar 2025

PDF
Rev
▲710 Cr
+3% YoY+1% QoQ
OPM18.0%
NPM13.1%
PAT
+0% YoY▲93 Cr
EPS
+0% YoY▲8.4

Dec 2024

PDF
Rev
▲703 Cr
+7% YoY+1% QoQ
OPM18.0%
NPM12.5%
PAT
-6% YoY▼88 Cr
EPS
-6% YoY▼7.8

Sep 2024

PDF
Rev
▼694 Cr
+4% YoY-2% QoQ
OPM19.0%
NPM14.0%
PAT
-6% YoY▲97 Cr
EPS
-6% YoY▲8.7

Jun 2024

PDF
Rev
▲706 Cr
+6% YoY+2% QoQ
OPM19.0%
NPM13.2%
PAT
-4% YoY93 Cr
EPS
-4% YoY▲8.4

Mar 2024

PDF
Rev
▲691 Cr
+4% YoY+5% QoQ
OPM18.0%
NPM13.5%
PAT
-7% YoY▲93 Cr
EPS
-7% YoY▲8.4

Dec 2023

PDF
Rev
▼660 Cr
+9% YoY-1% QoQ
OPM19.0%
NPM13.9%
PAT
+15% YoY▼92 Cr
EPS
+15% YoY▼8.3

Sep 2023

PDF
Rev
▼667 Cr
+5% YoY-0% QoQ
OPM20.0%
NPM15.3%
PAT
+13% YoY▲102 Cr
EPS
+13% YoY▲9.2

Jun 2023

PDF
Rev
▲668 Cr
--+0% QoQ
OPM20.0%
NPM14.5%
PAT
+5% YoY▼97 Cr
EPS
--▼8.8

Mar 2023

Rev
▲665 Cr
--+10% QoQ
OPM19.0%
NPM14.7%
PAT
+11% YoY▲98 Cr
EPS
--▲9.0

Dec 2022

Rev
▼604 Cr
---5% QoQ
OPM20.0%
NPM13.3%
PAT
+15% YoY▼80 Cr
EPS
--▼7.2

Sep 2022

Rev
635 Cr
----
OPM19.0%
NPM14.2%
PAT
+25% YoY90 Cr
EPS
--8.1

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.02
Interest Coverage7.6x
Promoter Pledge0.0%
Borrowings61 Cr

Efficiency

Receivable Days47 days
Inventory Days123 days
Payable Days132 days
Cash Conversion cycle39 days

Cash Position

Operating Cash Flow542 Cr
Investing Cash Flow-244 Cr
Financing Cash Flow-215 Cr
Free Cash Flow424 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sep 2022
Sales803842753775703710703694706691660667668665604635
Expenses646678614634574582579565572567532536534536485513
Operating Profit157164139141130127123129133125128131135129119122
Other Income2521193124231823161714231521915
Interest1222222222222241
Depreciation27262726262523232120181717151616
Profit Before Tax154158128143126123116128125120122135130133108120
Tax %25.0%24.0%26.0%25.0%25.0%24.0%24.0%24.0%26.0%23.0%25.0%24.0%26.0%26.0%26.0%25.0%
Net Profit115119961079493889793939210297988090
Exceptional Items--000000000-000000
EPS (Rs)10.410.78.69.78.58.47.88.78.48.48.39.28.89.07.28.1
Sales Growth (YoY)14.2%18.6%7.1%11.7%-0.4%2.8%6.5%4.0%5.7%3.9%9.3%5.0%--------
Sales Growth (QoQ)-4.6%11.8%-2.8%10.2%-1.0%1.0%1.3%-1.7%2.2%4.7%-1.1%-0.1%0.5%10.1%-4.9%--
OP Growth (YoY)20.8%29.1%13.0%9.3%-2.3%1.6%-3.9%-1.5%-1.5%-3.1%7.6%7.4%--------
OP Growth (QoQ)-4.3%18.0%-1.4%8.5%2.4%3.3%-4.7%-3.0%6.4%-2.3%-2.3%-3.0%4.7%8.4%-2.5%--
Profit Growth (YoY)--28.0%10.0%11.0%1.0%0.0%-6.0%-6.0%-4.0%-7.0%15.0%13.0%5.0%11.0%15.0%25.0%
EPS Growth (YoY)22.3%28.2%9.7%11.1%1.4%0.0%-5.8%-5.5%-4.0%-6.7%14.9%13.2%--------
EPS Growth (QoQ)-2.7%24.6%-10.9%13.1%2.0%6.6%-9.8%3.3%0.6%0.5%-9.6%5.0%-2.2%23.8%-10.9%--
OP Margin19.6%19.5%18.5%18.2%18.5%17.9%17.5%18.6%18.8%18.1%19.4%19.6%20.2%19.4%19.7%19.2%
Net Margin14.3%14.1%12.8%13.8%13.4%13.1%12.5%14.0%13.2%13.5%13.9%15.3%14.5%14.7%13.3%14.2%
Material Cost %--47.3%47.0%45.6%45.4%46.0%45.9%44.3%45.4%45.6%44.0%44.8%45.3%45.0%45.1%46.5%
Employee Cost %--10.8%10.9%11.8%12.1%11.6%11.7%11.9%12.7%13.0%11.8%11.7%11.9%12.7%11.9%11.4%
P/S6.557.226.256.37------------------------
P/E47.6553.4447.2248.35------------------------
P/B8.208.768.058.07------------------------

Shareholding Pattern

Shareholders:45.5K (-12.4%)
Current MixJun 2026

Exchange Filings

50
Board Meeting19 Oct 2026

Grindwell Norton Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve the unaudited standalone ....

Company Update05 Oct 2026

Please find attached the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026

Company Update03 Sept 2026

Please find attached the ESG Rating from NSE Sustainability Ratings & Analytics Limited

Company Update27 Aug 2026

Please find attached the intimation of Analyst/Institutional Investor Meeting

Company Update27 Aug 2026

Please find attached the intimation of Analyst/Institutional Investor Meeting

Company Update14 Aug 2026

Please find attached the intimation of Analyst/Institutional Investor Meeting

Company Update06 Aug 2026

Please find attached the intimation of the Analyst/Institutional Investor Meeting

AGM/EGM25 Jul 2026

The 76th Annual General Meeting ("AGM") of the Company was held on July 24, 2026, and the business outlined in the Notice dated May 8, 2026, was transacted. In this regard please find attached ....

AGM/EGM25 Jul 2026

The 76th Annual General Meeting of the Company was held on July 24, 2026, and the business mentioned in the Notice dated May 8, 2026, were transacted. In this regard, please find attached ....

Result24 Jul 2026

Please find attached Unaudited Financial Results for the quarter ended June 30, 2026

Board Meeting24 Jul 2026

Please find attached the outcome of the Board meeting held today i.e. July 24, 2026

Board Meeting14 Jul 2026

Grindwell Norton Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2026 ,inter alia, to consider and approve the unaudited standalone ....

Company Update07 Jul 2026

Please find attached the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026

Company Update02 Jul 2026

Please find attached newspaper advertisement titled "76th Annual General Meeting and e-Voting information".

Company Update01 Jul 2026

Please find attached the communication to those shareholders who have not registered their email addresses against their demat account/folio number

Others30 Jun 2026

Attached please find the BRSR of the Company for FY 2025-26

Others30 Jun 2026

Attached please find the Annual Report of Grindwell Norton Limited for FY 2025-26.

AGM/EGM30 Jun 2026

Attached please find Notice of the 76th AGM of the Company, which will be held on Friday, July 24, 2026 at 3:00 p.m. IST through VC/OAVM

Insider Trading / SAST25 Jun 2026

Please find attached intimation of Trading Window Closure

Company Update24 Jun 2026

Please find attached the intimation of the Analyst/Institutional Investor Meeting

Company Update24 Jun 2026

Please find attached newspaper advertisement titled "Notice of 76th Annual General Meeting, Dividend Information and Record Date".

Company Update09 Jun 2026

Please find attached the intimation regarding reminder letter sent to holders of physical shares to update the KYC details and to dematerialise their shares

Company Update29 May 2026

Please find attached the intimation regarding the Analyst/Investor Meet Recording.

Company Update29 May 2026

Please find attached the intimation regarding the Analyst/Investor Meet Recording.

Company Update29 May 2026

Please find attached the Analyst/Investor Meeting Presentation.

Company Update27 May 2026

In continuation of our disclosure dated February 6, 2026, we wish to inform you that the Company has executed the Share Subscription and Shareholders'' Agreement with Sunsure Energy Private ....

Company Update26 May 2026

In compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: - Copies of the newspaper ....

Company Update22 May 2026

Please find attached the intimation of the Analyst/Institutional Investor Meeting scheduled to be held on Friday, May 29, 2026.

Company Update22 May 2026

Please find attached the Newspaper Advertisements regarding Second 100-Day "Saksham Niveshak" Campaign and Special Window for transfer requests and dematerialisation of physical shares.

Company Update08 May 2026

Attached please find the Secretarial Compliance Report for the year ended March 31, 2026

Corp. Action08 May 2026

Please find attached intimation regarding record date.

AGM/EGM08 May 2026

Please find attached herewith the intimation of 76th Annual General meeting of the Company to be held on Friday, July 24, 2026.

Corp. Action08 May 2026

The Board of Directors have recommended a dividend of Rs. 19/- per equity share of Rs. 5/- each for the financial year ended March 31, 2026.

Result08 May 2026

Please find attached Financial Results for the quarter and financial year ended March 31, 2026.

Board Meeting08 May 2026

Please find attached the outcome of the board meeting held today i.e. May 8, 2026.

Board Meeting05 May 2026

Grindwell Norton Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2026 ,inter alia, to consider and approve the audited standalone and ....

Company Update09 Apr 2026

Please find attached Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Update03 Apr 2026

Please find attached Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026

Company Update03 Apr 2026

Please find attached disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Update02 Apr 2026

Please find attached the Newspaper Advertisements regarding Second 100-Day "Saksham Niveshak" Campaign and Special Window for transfer requests and dematerialisation of physical shares

Insider Trading / SAST24 Mar 2026

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company''s Code of Conduct, the Trading Window for dealing in the Company''s securities will remain closed ....

Company Update13 Mar 2026

Please find attached disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pertaining to ESG Rating

Company Update01 Mar 2026

Please find attached disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Update24 Feb 2026

Please find attached disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pertaining to ESG Rating

Company Update20 Feb 2026

Please find attached Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015

Result06 Feb 2026

Please find attached Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2025

Company Update06 Feb 2026

Please find attached the intimation of appointment of Company Secretary, Compliance Officer and Nodal Officer of the Company

Board Meeting06 Feb 2026

Please find attached Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2025

Company Update06 Feb 2026

Please find attached the intimation of appointment of Company Secretary, Compliance Officer and Nodal Officer of the Company

Company Update06 Feb 2026

Please find attached the details of KMP under Regulation 30(5) of SEBI (LODR) Regulations, 2015

Annual Reports

15

2026

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Credit Ratings

1
icraRating update
29 Dec 2016Report

Concalls

10

May 2025

31 May 2025

May 2023

31 May 2023

May 2022

31 May 2022

May 2021

31 May 2021

May 2020

31 May 2020

May 2019

31 May 2019

May 2019

31 May 2019

Jun 2018

30 Jun 2018

May 2017

31 May 2017

Jun 2016

30 Jun 2016

Held by ETFs

3 ETFs hold GRINDWELL · sorted by weight

#ETFWeight %
1

HDFCBSE500

HDFCAMC - HDFCBSE500

0.05%
2

BSE500IETF

ICICIPRAMC - ICICI500

0.05%
3

AONETOTAL

AONEAMC - AONETOTAL

0.05%

Held by Mutual Funds

40 schemes hold GRINDWELL · sorted by weight

#SchemeWeight %
1

Invesco India Infrastructure Fund

Invesco Mutual Fund

4.07%
2

SBI Infrastructure Fund

SBI Mutual Fund

3.84%
3

Sundaram Long Term Micro Cap Tax Advantage Fund

Sundaram Mutual Fund

2.81%
4

SBI MNC Direct Plan-Growth

SBI Mutual Fund

2.75%
5

SBI Quality Fund

SBI Mutual Fund

2.45%
6

SBI Mid Cap Direct Plan-Growth

SBI Mutual Fund

2.18%
7

Tata Infrastructure Direct Plan-Growth

Tata Mutual Fund

1.82%
8

SBI Innovative Opportunities Fund

SBI Mutual Fund

1.68%
9

Kotak MNC Fund

Kotak Mahindra Mutual Fund

1.59%
10

ICICI Prudential Smallcap Fund

ICICI Prudential Mutual Fund

1.53%
11

SBI Dividend Yield Fund

SBI Mutual Fund

1.49%
12

SBI Retirement Benefit Fund

SBI Mutual Fund

1.40%
13

Sundaram Long Term Tax Advantage Fund

Sundaram Mutual Fund

1.36%
14

SBI ELSS Tax Saver Fund

SBI Mutual Fund

1.30%
15

Invesco India Aggressive Hybrid Fund

Invesco Mutual Fund

1.25%
16

Mahindra Manulife ELSS Tax Saver Fund

Mahindra Mutual Fund

1.06%
17

SBI Conservative Hybrid Fund

SBI Mutual Fund

1.03%
18

Mahindra Manulife Manufacturing Fund

Mahindra Manulife Mutual Fund

0.95%
19

Union Children's Fund

Union Mutual Fund

0.92%
20

ICICI Prudential Midcap Direct Plan-Growth

ICICI Prudential Mutual Fund

0.83%
21

Union ELSS Tax Saver Fund

Union Mutual Fund

0.77%
22

Edelweiss Small Cap Fund

Edelweiss Mutual Fund

0.75%
23

Titanium Hybrid Long-Short Fund

Tata Mutual Fund

0.74%
24

Union Midcap Fund

Union Mutual Fund

0.73%
25

Union Large & Midcap Fund

Union Mutual Fund

0.70%
26

Sundaram Mid Cap Fund

Sundaram Mutual Fund

0.69%
27

Mahindra Manulife Aggressive Hybrid Fund

Mahindra Mutual Fund

0.68%
28

Invesco India Large & Mid Cap Fund

Invesco Mutual Fund

0.63%
29

Invesco India Smallcap Fund

Invesco Mutual Fund

0.61%
30

Axis Small Cap Fund

Axis Mutual Fund

0.59%
31

Invesco India Business Cycle Fund

Invesco Mutual Fund

0.59%
32

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.45%
33

Tata Retirement Savings Fund

Tata Mutual Fund

0.39%
34

Axis India Manufacturing Fund

Axis Mutual Fund

0.37%
35

SBI Flexicap Fund

SBI Mutual Fund

0.33%
36

SBI Contra Direct Plan-Growth

SBI Mutual Fund

0.31%
37

HDFC Business Cycle Fund

HDFC Mutual Fund

0.29%
38

ICICI Prudential Multicap Fund

ICICI Prudential Mutual Fund

0.24%
39

HDFC Manufacturing Fund

HDFC Mutual Fund

0.09%
40

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.05%