GRINDWELL

GRINDWELL

Abrasives

2198.35

0.00 (0.00%)

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Market Cap24,345 CrEPS34.2High2209.8
Stock P/E64.4Net Profit Margin14.9Low2188
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Performance

Today’s Low

Today’s High

2188

2209.8

52W Low

52W High

1720.25

2495

Open Price2205.7Volume1
Prev. Close2199.45
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Fundamentals

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Market Cap24,345 CrROE21.1%
P/E Ratio(TTM)64.4EPS(TTM)0.0
P/B Ratio13.2Dividend Yield0.7%
Industry P/E57.7Book Value166.3
Face Value5.0
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About the Company

Grindwell Norton (GNO), a company listed on the Bombay and National Stock Exchanges, pioneered the manufacture of grinding wheels in India in 1941. In 1990, Saint-Gobain acquired Norton Company, USA, worldwide and thereby became a shareholder in GNO. In 1996, Saint-Gobain increased its equity stake, making GNO its first majority-owned subsidiary in India.

Presently, GNO’s businesses include: Abrasives, Ceramic Materials Businesses (Silicon Carbide and Performance Ceramics & Refractories), Performance Plastics and ADFORS. The Saint-Gobain Country Head office, INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally) and CertainTeed are also part of GNO. GNO’s subsidiary, Saint-Gobain Ceramic Materials Bhutan Pvt. Ltd., manufactures Silicon Carbide. The Group currently holds 51.66% of the equity capital of GNO.

Business area of the company

Abrasives Business: GNO’s Abrasives Business, markets and manufactures a full range of Bonded Abrasives, Coated Abrasives (including Non-woven Abrasives), Thin Wheels and Superabrasives at its plants near Mumbai, Bangalore, Nagpur and Himachal Pradesh.

Ceramics Business: The Performance Ceramics & Refractories (PCR) business offers complete solutions with expertise in design, engineering and manufacturing refractory systems for high temperature, ballistic and wear applications. The HPR plants are located in Bangalore and Halol (Gujarat). The Silicon Carbide business manufactures Silicon Carbide crude and grains at Tirupati (Andhra Pradesh) and near Phuentsholing (Bhutan) and is a major supplier to all leading Refractory, Metallurgy and Abrasives manufacturers in India.

Other Businesses: GNO’s other businesses include: CertainTeed (subsidiary of Saint-Gobain) and INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally).

Parent OrganizationGrindwell Norton Ltd.Managing DirectorB Santhanam
Founded1950NSE SymbolGRINDWELL
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Financials

All values are in Rs Cr

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Shareholding Pattern

Domestic Institutions

Foreign Institutions

Mutual Funds

Promoters

Domestic Institutions

Foreign Institutions

Mutual Funds

Promoters

Domestic Institutions

Foreign Institutions

Mutual Funds

Promoters

Domestic Institutions

Foreign Institutions

Mutual Funds

Promoters

Domestic Institutions

Foreign Institutions

Mutual Funds

Promoters

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Peer Comparison

Company52 WeekMarket PriceP/E RatioFinancialsShare Holding
2198.35(-0.1%)
64.4
1205.3(-0.2%)
49.6
13900.75(-0.5%)
67.7
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