1,455.05
1,529.95
1,445.90
2,960.00
34.80
2,960.00
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Current Price
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Stock PE (TTM)
Promoter Holding
Book Value
ROCE
ROE
Grindwell Norton Limited is an India-based company engaged in manufacturing and marketing abrasives, including bonded, coated, non-woven, super abrasives, and thin wheels. The company also manufactures and markets refractories and plastic products. The company’s business activities are divided into two segments—abrasives, and ceramics and plastics. The company was incorporated in 1950 as a non-government company in Maharashtra. As of 2 November 2022, the market capitalisation of the company was Rs 23,390 crore.
The company is registered on the NSE and the BSE under the codes GRINDWELL and 506076, respectively.
The company’s top products in the abrasives segment include wheels and segment sticks used for lapping, honing, race grinding, thread grinding, fluting, and surface grinding. The company’s top products in the ceramics and plastics segment include silicon carbide, high-performance refractories, wear parts, fused-cast ceramics, and custom-made polymer products. For the financial year 2021-2022, the company reported consolidated sales of Rs 2,012 crore with a net profit of Rs 296 crore.
The shareholding pattern of the company in September 2022 reflected that a 58.08% stake in the company was held by promoters, a 19.24% stake was held by retail investors, a 14.19% stake was invested in mutual funds, a 7.52% stake was held by foreign institutional investors, and the remaining 0.67% stake was held by other domestic institutions. The top mutual funds in which the company has invested include Tata Infrastructure Direct Growth Plan, L&T Emerging Business Direct Growth Fund, L&T Infrastructure Direct Growth Fund, and Sundaram Infrastructure Advantage Direct Growth Fund.
On 2 November 2022, the shares of Grindwell Norton Limited were trading at Rs 2,125.00 per share at the NSE and Rs 2,171.15 per share at the BSE. The 52-week high and 52-week low prices of this share at the NSE were 2,328.25 and Rs 1,451.00, respectively. The Grindwell Norton Limited shares have given a one-year return of 29.24% and a six-month return of 30.78%. The top peers of the company include Wendt, Carborundum, Cummins India, Thermax, and Bharat Dynamics.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.
Grindwell Norton share price as on 26 Feb 2025 is Rs. 1507.35. Over the past 6 months, the Grindwell Norton share price has decreased by 39.06% and in the last one year, it has decreased by 30.4%. The 52-week low for Grindwell Norton share price was Rs. 1445.9 and 52-week high was Rs. 2960.
506076
GRINDWELL
INE536A01023
Aug
You can buy Grindwell Norton Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Grindwell Norton Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 25, 2025 03:58 PM the closing price of Grindwell Norton Ltd was Rs.1,507.35.
The latest PE ratio of Grindwell Norton Ltd as of Feb 25, 2025 03:58 PM is 45.32
The latest PB ratio of Grindwell Norton Ltd as of Feb 25, 2025 03:58 PM is 0.12
The 52-week high of Grindwell Norton Ltd share price is Rs. 2,960.00 while the 52-week low is Rs. 1,445.90
According to analyst recommendations, Grindwell Norton Ltd Share has a "Buy" rating for the long term.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Feb 25, 2025 03:58 PM, the market cap of Grindwell Norton Ltd stood at Rs. 16,689.38 Cr.
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