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

Grindwell Norton Ltd.

Carborundum Universal Ltd.

Wendt (India) Ltd.

Market Cap	21,497 Cr		EPS	30.5		High	1921.55
Stock P/E	63.8		Net Profit Margin	14.3		Low	1905.05

Market Cap	21,497 Cr	ROE	20.4%
P/E Ratio(TTM)	63.8	EPS(TTM)	29.2
P/B Ratio	13.4	Dividend Yield	0.6%
Industry P/E	60.1	Book Value	144.9
		Face Value	5.0

GRINDWELL