Grindwell Norton Limited Share Price and Company Fundamentals
Last traded: Today at 3:56 AM
Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India. The company offers bonded abrasives in the form of wheels and other shapes, such as segments, sticks, etc. for various applications, including lapping, honing, super-finishing, race grinding, thread grinding, fluting, OD grinding, ID grinding, surface grinding, etc., as well as for rough applications comprising snagging, cutting-off, burr removal, weld preparation, etc. It also provides coated abrasives products in various shapes, such as discs, belts, rolls, etc. for material removal and surface preparation; non-woven abrasives; super abrasives for precision applications, including diamond and cubic born nitride; and cutting-edge abrasive products. In addition, the company offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives and refractories, as well as for stone polishing; and performance ceramics and refractories for use in sanitary-ware, table-ware, ballistic armor protection, wear resistance systems, etc. Further, it produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and foams for use in the automotive, oil and gas, life sciences, construction, energy, and general industrial applications. The company also exports its products. The company was founded in 1941 and is based in Mumbai, India. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain.
Key Metrics
PE ratio
62.04
PB ratio
11.69
Dividend yield
0.71%
Beta
0.54
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | Building Products & Equipment / Industrials |
|---|---|
| Website | https://www.grindwellnorton.co.in |
| Mailing address | Leela Business Park 5th Level Andheri-Kurla Road, Marol Andheri (East) Mumbai 400059 India |
| Phone / Fax | 91 22 4021 2121 / 91 22 4021 2102 |
Dividends
Dividend yield
0.71%
Dividend amount
₹12.00
Payout ratio
35.58%
5Y Avg. yield
0.90%
Grindwell Norton Limited paid ₹12.00 dividend and the ex-dividend date was 19 July 2022.The dividend payout ratio is 35.58%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.GRINDWELL dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
GRINDWELL's forward dividend amount is ₹12 and the forward dividend yield is 0.71%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Jul 2022, following are the company executives and directors listed on Grindwell Norton Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. B. Santhanam | MD & Director | 64 | |
| Mr. Deepak Chindarkar | CFO and VP of Fin. & IT | 58 | |
| Mr. K. Visweswaran | Compliance Officer & Company Sec. | 51 | |
| Mr. Aju A. Varghese | Head of Information Technology | 52 | |
| Jean-Marc Hess | Deputy Chief Information Officer | 67 |
Profitability and management effectiveness
Profit margin
14.69%
Operating margin
17.28%
Return on assets
10.93%
Return on equity
19.96%
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Grindwell Norton Limited is and its enterprise value is .
The GRINDWELL's stocks Beta value is 0.54 making it 46% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Grindwell Norton Limited (NSE:GRINDWELL) Frequently Asked Questions
1. What is Grindwell Norton Limited's Stock Symbol?
Grindwell Norton Limited trades on NSE under the ticker symbol "GRINDWELL".
2. What is Grindwell Norton Limited's stock price today?
One share of GRINDWELL stock can currently be purchased for approximately ₹1709.
3. How can I contact Grindwell Norton Limited?
Grindwell Norton Limited's mailing address is Leela Business Park 5th Level Andheri-Kurla Road, Marol Andheri (East) Mumbai 400059 India. The company can be reached via phone at 91 22 4021 2121.
4. What is Grindwell Norton Limited's official website?
The official website of Grindwell Norton Limited is https://www.grindwellnorton.co.in.