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GRINDWELL - Grindwell Norton Share Price

₹546.8 -12.3  -2.2%

Last Trade - 18/09/20

Sector
Industrials
Size
Mid Cap
Market Cap £634.1m
Enterprise Value £592.1m
Revenue £146.7m
Position in Universe 315th / 3004
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -1.26%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -21.7%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
11,354 12,407 13,638 14,538 15,981 15,796 14,156 16,403 +6.8%
+22.4 +2.3 +12.9 +25.9 +11.2 +9.2 -12.7 +23.9
PEG
Profitability
ROA
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%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the three months ended 30 June 2020, Grindwell Norton Ltd revenues decreased 43% to RS2.32B. Net income decreased 34% to RS284.1M. Revenues reflect Abrasives segment decrease of 58% to RS1.03B, Ceramics & Plastics segment decrease of 36% to RS874.4M. Basic Earnings per Share excluding Extraordinary Items decreased from RS3.86 to RS2.57.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
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Cautious
Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for GRINDWELL
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
1m Change
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
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Profile Summary

Grindwell Norton Limited is a holding company, which manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics. Its Abrasives segment offers bonded abrasives in the form of wheels and other shapes, such as segment and sticks, which are used for various applications ranging from polishing or lapping to removing high quantities of materials. Bonded Abrasives are used in precision applications, such as lapping, honing, super-finishing, race grinding, thread grinding, fluting, outside diameter (OD) grinding, internal and inside diameter (ID) grinding and surface grinding. They are also used in rough applications, such as snagging and weld preparation. Its Ceramics & Plastics segment includes Silicon Carbide, which are used as raw material in the manufacture of Abrasives; High Performance Refractories, which are used for processing ferrous and non-ferrous metals, and Performance Plastics, which produces and markets standard and custom-made polymer products.

Directors
Last Annual March 31st, 2020
Last Interim June 30th, 2020
Incorporated July 31, 1950
Public Since April 18, 2000
No. of Shareholders: 17,432
No. of Employees: 2,020
Sector Industrials
Industry Machinery, Equipment & Components
Index
Exchange National Stock Exchange of India
Shares in Issue 110,720,000
Free Float (0.0%)
Eligible for
ISAs
SIPPs
GRINDWELL Share Price Performance
Share Price
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Latest News for GRINDWELL
Upcoming Events for GRINDWELL
Frequently Asked Questions for Grindwell Norton
What is the Grindwell Norton share price?

As of 18/09/20, shares in Grindwell Norton are trading at ₹546.8, giving the company a market capitalisation of £634.1m. This share price information is delayed by 15 minutes.

How has the Grindwell Norton share price performed this year?

Shares in Grindwell Norton are currently trading at ₹546.8 and the price has moved by -3.22% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Grindwell Norton price has moved by -10% over the past year.

What are the analyst and broker recommendations for Grindwell Norton?

Of the analysts with advisory recommendations for Grindwell Norton, there are there are currently 0 "buy" , 3 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Grindwell Norton is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Grindwell Norton next release its financial results?

Grindwell Norton is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-06-30
What is the Grindwell Norton dividend yield?

The Grindwell Norton dividend yield is 1.37% based on the trailing twelve month period.

Does Grindwell Norton pay a dividend?

Last year, Grindwell Norton paid a total dividend of 7.5, and it currently has a trailing dividend yield of 1.37%. Looking ahead, Grindwell Norton has not announced an ex-dividend date yet.

When does Grindwell Norton next pay dividends?

Grindwell Norton has yet to annouce their ex-dividend date. The historic dividend yield on Grindwell Norton shares is currently 1.37%.

How do I buy Grindwell Norton shares?

To buy shares in Grindwell Norton you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Grindwell Norton?

Shares in Grindwell Norton are currently trading at ₹546.8, giving the company a market capitalisation of £634.1m.

Where are Grindwell Norton shares listed? Where are Grindwell Norton shares listed?

Here are the trading details for Grindwell Norton:

Country of listing: India
Exchange: NSI
Ticker Symbol: GRINDWELL
What kind of share is Grindwell Norton?

Based on an overall assessment of its quality, value and momentum, Grindwell Norton is currently classified as a High Flyer. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Grindwell Norton share price forecast 2020?

Shares in Grindwell Norton are currently priced at ₹546.8. At that level they are trading at 5.85% premium to the analyst consensus target price of 0.00.

Analysts covering Grindwell Norton currently have a consensus Earnings Per Share (EPS) forecast of 14.4 for the next financial year.

How can I tell whether the Grindwell Norton share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Grindwell Norton. Over the past six months, the relative strength of its shares against the market has been -22.04%. At the current price of ₹546.8, shares in Grindwell Norton are trading at 1.73% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Grindwell Norton PE Ratio?

The Grindwell Norton PE ratio based on its reported earnings over the past 12 months is 35.99. The shares are currently trading at ₹546.8.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Grindwell Norton?

Grindwell Norton's management team is headed by:

Joseph Pereira - DHR
Pradip Shah - NEC
K. Visweswaran - CCO
Deepak Chindarkar - CFO
Laurent Guillot - DRC
Sreedhar Natarajan - DRC
Laurent Tellier - DRC
Santhanam .. - DRC
Who are the major shareholders of Grindwell Norton?

Here are the top five shareholders of Grindwell Norton based on the size of their shareholding:

Compagnie de Saint Gobain SA Corporation
Percentage owned: 26.77% (29.6m shares)
Spafi-Societe De Participations Financieres Et Industrielles Corporation
Percentage owned: 24.56% (27.2m shares)
UTI Asset Management Co. Ltd. Investment Advisor
Percentage owned: 3.68% (4.07m shares)
Sundaram Asset Management Company Limited Investment Advisor/Hedge Fund
Percentage owned: 3.45% (3.83m shares)
SBI Funds Management Pvt. Ltd. Investment Advisor
Percentage owned: 3.37% (3.74m shares)
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