Grindwell Norton Financials
NSE: GRINDWELL | BSE: 506076
₹1,999.70
As on 03-Sep-2026 12:54IST
Market cap
₹22,067 Cr
Revenue (TTM)
₹3,173 Cr
P/E Ratio
50.6
P/B Ratio
8.4
Div. Yield
1 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
3,173.03
|
3,073.19
|
2,811.59
|
2,686.77
|
2,541.34
|
2,012.76
|
|||||
|
Total Income
|
3,268.71
|
3,168.11
|
2,891.47
|
2,755.08
|
2,599.09
|
2,068.32
|
|||||
|
Total Expenditure
|
2,572.25
|
2,499.54
|
2,298.45
|
2,167.33
|
2,043.39
|
1,613.86
|
|||||
|
EBITDA
|
600.77
|
573.65
|
513.14
|
519.43
|
497.95
|
398.90
|
|||||
|
Depreciation
|
105.73
|
105.12
|
92.65
|
70.88
|
60.15
|
53.47
|
|||||
|
EBIT
|
495.04
|
468.53
|
420.49
|
448.55
|
437.81
|
345.43
|
|||||
|
Interest
|
7.38
|
8.17
|
9.35
|
7.76
|
7.80
|
4.12
|
|||||
|
Other Income
|
95.68
|
94.92
|
79.88
|
68.31
|
57.75
|
55.56
|
|||||
|
Exceptional Items
|
--
|
--
|
--
|
-0.35
|
--
|
--
|
|||||
|
Profit before Tax
|
583.34
|
555.36
|
491.96
|
508.33
|
485.90
|
395.89
|
|||||
|
Provision for Tax
|
145.95
|
138.57
|
120.70
|
124.38
|
124.37
|
100.81
|
|||||
|
Profit after Tax
|
437.38
|
416.79
|
371.27
|
383.96
|
361.52
|
295.08
|
|||||
|
Minority Interest
|
-1.36
|
-1.13
|
-2.55
|
-0.32
|
0.38
|
0.57
|
|||||
|
Share of Associate
|
0.28
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
436.31
|
415.66
|
368.72
|
383.64
|
361.90
|
295.65
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
2,534.75
|
2,534.75
|
2,255.50
|
2,055.27
|
1,805.81
|
1,568.46
|
|||||
|
Minority Interest
|
-1.36
|
15.18
|
14.05
|
11.50
|
11.08
|
11.57
|
|||||
|
Non-Current Liabilities
|
135.32
|
133.18
|
149.26
|
128.49
|
91.77
|
47.43
|
|||||
|
Current Liabilities
|
752.61
|
752.61
|
635.78
|
570.35
|
497.27
|
488.46
|
|||||
|
Total Liabilities
|
3,437.86
|
3,435.72
|
3,054.59
|
2,765.61
|
2,405.92
|
2,115.91
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
1,218.15
|
1,323.61
|
1,252.68
|
1,192.29
|
1,027.42
|
738.12
|
|||||
|
Current Assets
|
2,112.11
|
2,112.11
|
1,801.91
|
1,573.32
|
1,378.50
|
1,377.79
|
|||||
|
Total Assets
|
3,437.86
|
3,435.72
|
3,054.59
|
2,765.61
|
2,405.92
|
2,115.91
|
|||||
|
Total Debt*
|
--
|
1.01
|
7.32
|
18.05
|
17.54
|
2.15
|
|||||
|
Net Current Assets
|
1,359.50
|
1,359.50
|
1,166.13
|
1,002.97
|
881.23
|
889.33
|
|||||
|
Contingent Liabilities
|
--
|
54.93
|
54.41
|
46.74
|
33.18
|
63.67
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
542.14
|
458.49
|
367.94
|
392.60
|
186.58
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-315.39
|
-212.75
|
-181.68
|
-260.05
|
-53.60
|
|||||
|
Cash from Financing Activities
|
--
|
-215.00
|
-221.25
|
-174.87
|
-140.20
|
-113.88
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
11.75
|
24.49
|
11.39
|
-7.65
|
19.10
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
39.41
|
37.54
|
33.30
|
34.65
|
32.69
|
26.70
|
|||||
|
Cash EPS (₹)
|
39.41
|
47.14
|
41.90
|
41.08
|
38.08
|
31.48
|
|||||
|
Adjusted Book Value (₹)
|
237.29
|
226.92
|
202.01
|
184.12
|
161.73
|
140.42
|
|||||
|
Dividend per Share (₹)
|
0.97
|
19.00
|
17.00
|
17.00
|
14.50
|
12.00
|
|||||
|
Cash Flow per Share (₹)
|
--
|
48.97
|
41.41
|
33.23
|
35.46
|
16.85
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
43.65
|
36.77
|
22.58
|
8.24
|
7.22
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
23.52
|
23.16
|
26.53
|
29.15
|
27.32
|
|||||
|
ROE (%)
|
18.12
|
17.55
|
17.37
|
20.05
|
21.61
|
20.30
|
|||||
|
ROA (%)
|
13.47
|
12.84
|
12.76
|
14.85
|
15.99
|
14.84
|
|||||
|
EBIT Margin (%)
|
15.60
|
15.25
|
14.96
|
16.69
|
17.23
|
17.16
|
|||||
|
Net Margin (%)
|
13.38
|
13.16
|
12.84
|
13.94
|
13.91
|
14.27
|
|||||
|
Cash Profit Margin (%)
|
--
|
16.62
|
16.16
|
16.54
|
16.27
|
16.98
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
12.94
|
9.30
|
4.65
|
5.72
|
26.26
|
22.89
|
|||||
|
EBIT Growth (%)
|
19.93
|
11.43
|
-6.26
|
2.45
|
26.74
|
32.43
|
|||||
|
Net Profit Growth (%)
|
17.92
|
12.26
|
-3.30
|
6.21
|
22.52
|
24.12
|
|||||
|
EPS Growth (%)
|
17.92
|
12.73
|
-3.89
|
6.00
|
22.41
|
23.61
|
|||||
|
Book Value Growth (%)
|
--
|
12.33
|
9.72
|
13.84
|
15.18
|
14.94
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
50.58
|
36.04
|
50.63
|
54.81
|
57.36
|
67.39
|
|||||
|
Price / Book Value
|
8.40
|
5.96
|
8.35
|
10.31
|
11.59
|
12.81
|
|||||
|
Dividend Yield (%)
|
0.95
|
1.40
|
1.01
|
0.90
|
0.77
|
0.67
|
|||||
|
EV/EBITDA
|
30.98
|
21.68
|
31.05
|
35.44
|
37.14
|
43.23
|
|||||
|
Close Price (₹)
|
2,166.10
|
1,353.10
|
1,696.70
|
1,900.95
|
1,878.40
|
1,799.95
|
|||||
|
High Price (₹)
|
2,294.40
|
1,884.00
|
2,960.00
|
2,495.00
|
2,328.35
|
2,025.45
|
|||||
|
Low Price (₹)
|
1,329.00
|
1,329.00
|
1,356.05
|
1,758.45
|
1,451.00
|
860.00
|
|||||
|
Market Cap (₹ Cr)
|
22,066.50
|
14,980.89
|
18,670.08
|
21,026.90
|
20,758.96
|
19,922.89
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
--
|
0.00
|
0.00
|
0.01
|
0.01
|
0.00
|
|||||
|
Short term debt to equity ratio
|
--
|
--
|
0.00
|
0.00
|
0.00
|
--
|
|||||
|
Current Ratio
|
2.81
|
2.81
|
2.83
|
2.76
|
2.77
|
2.82
|
|||||
|
Quick Ratio
|
2.17
|
2.17
|
2.06
|
1.90
|
1.84
|
1.90
|
|||||
|
Interest Coverage
|
80.04
|
69.00
|
53.63
|
66.52
|
63.29
|
97.08
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
12.50
|
12.91
|
12.89
|
13.30
|
11.03
|
11.77
|
|||||
|
Asset Turnover
|
0.98
|
0.97
|
0.99
|
1.06
|
1.15
|
1.03
|
|||||
|
Receivable days
|
--
|
44.13
|
45.78
|
42.33
|
36.42
|
39.00
|
|||||
|
Inventory Days
|
--
|
56.46
|
62.16
|
63.17
|
64.20
|
68.47
|
|||||
|
Payable days
|
--
|
120.35
|
112.65
|
97.04
|
95.35
|
131.14
|
|||||
|
Cash Conversion Cycle
|
--
|
-19.76
|
-4.72
|
8.46
|
5.27
|
-23.66
|