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Grindwell Norton Ltd.

1,886.00−67.35 (−3.45%)

BSE · 30 Oct, 4:01 PM

: ₹20,815.36 Cr
: 45.04
: 68,558
: ₹1,950.10 - ₹1,870.45
: ₹2,464.00 - ₹1,330.00

Grindwell Norton Ltd. (GRINDWELL) share price closed at ₹1,886.00 on the BSE on Friday, October 30, 2026, down by 3.45% from its of ₹1,953.35. In that session GRINDWELL reached a of 1,950.10 and of 1,870.45. The for the session was 1,893.89. The stands at 1,949.29 and is at 1,821.03. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹1,950.10

₹1,953.35

₹1,893.89

₹1,949.29

Price 3.25% below

₹1,821.03

Price 3.57% above

Key Fundamentals

: 20,815.36 Cr₹20.82 Thousand Crore
: 41.74
: 45.04
: 8.01
: 234.72
: 730.71 Cr₹730.71 Crore
: 1.01 %
Sector
Industry: Abrasives
: 17.55
: 0.00

Industry Comparison

Ratio	Company	Sector
	45.04	68.50
	0.00	0.00
	8.01	5.12
	2.81	2.81
	1.01 %	0.44 %
Operating Margin	18.27 %	13.29 %

Sector figures are the median of 3 listed Abrasives companies.

Peer Comparison

Name
Grindwell Norton Ltd. GRINDWELL	1,886.00	45.04	20,815.36	1.01	133.17	23.96%	883.67	14.06%	23.52
CARBORUNDUM CARBORUNIV	1,031.35	93.90	19,648.26	0.39	80.34	33.04%	1,426.63	17.03%	7.66
WENDT(INDIA) WENDT	6,750.00	68.50	1,350.00	0.44	5.49	103.33%	72.51	28.15%	9.32

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	705.60	693.87	702.61	709.51	703.46	774.74	752.79	842.22	803.29	883.67
Expenses	572.47	564.63	579.16	582.19	573.57	634.07	613.90	678.01	646.28	717.21
	133.13	129.24	123.44	127.32	129.89	140.67	138.89	164.21	157.01	166.45
	18.87%	18.63%	17.57%	17.94%	18.46%	18.16%	18.45%	19.50%	19.55%	18.84%
	15.77	23.41	17.95	22.74	23.83	30.99	18.87	21.23	24.58	39.47
Interest	2.46	2.29	2.10	2.50	2.17	2.16	2.14	1.71	1.38	1.69
	21.44	22.82	23.49	24.89	25.91	26.33	26.97	25.91	26.53	27.17
	125.41	127.51	116.15	122.90	125.87	143.25	128.44	157.80	154.13	177.58
	25.55%	23.85%	24.27%	24.46%	24.97%	25.01%	25.59%	24.37%	25.18%	25.01%
	93.17	96.19	86.82	92.54	94.45	106.88	95.17	118.74	115.51	132.70
	8.42	8.69	7.84	8.36	8.53	9.65	8.60	10.72	10.43	11.99

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,052.67	2,591.08	2,749.17	2,870.01	3,139.83
	2,012.76	2,541.34	2,686.77	2,811.59	3,073.19
EXPENDITURE :
Increase/Decrease in Stock	-71.37	-29.16	-10.23	24.24	22.70
Raw Material Consumed	961.31	1,190.84	1,216.88	1,251.80	1,402.16
Power & Fuel Cost	85.15	115.81	125.52	140.92	125.07
Employee Cost	250.69	297.36	325.79	337.00	350.11
Other Manufacturing Expenses	229.33	260.54	274.79	283.72	310.17
General and Administration Expenses	92.91	113.37	129.47	137.55	145.21
Selling and Distribution Expenses	5.23	8.42	6.99	6.49	4.22
Miscellaneous Expenses	60.60	86.21	98.12	116.74	139.90
	1,613.86	2,043.39	2,167.33	2,298.45	2,499.54
Operating Profit (Excl OI)	398.90	497.95	519.43	513.14	573.65
	55.56	57.75	68.31	79.88	94.92
	454.46	555.70	587.75	593.02	668.57
Interest	4.12	7.80	7.76	9.35	8.17
PBDT	450.34	547.90	579.99	583.67	660.41
	53.47	60.15	70.88	92.65	105.12
Profit Before Taxation & Exceptional Items	396.87	487.76	509.11	491.02	555.29
Exceptional Income / Expenses			-0.35
	395.89	485.90	508.33	491.96	555.36
Provision for Tax	100.81	124.37	124.38	120.70	138.57
	295.08	361.52	383.96	371.27	416.79
Extra items				0.00	0.00
Minority Interest	0.57	0.38	-0.32	-2.55	-1.13
Consolidated Net Profit	295.65	361.90	383.64	368.72	415.66
Profit Balance B/F	754.24	942.21	1,170.46	1,394.57	1,570.78
Appropriations	1,049.89	1,304.11	1,554.09	1,763.29	1,986.44
Equity Dividend %	240.00%	290.00%	340.00%	340.00%	380.00%
	26.70	32.69	34.65	33.30	37.54
Adjusted EPS	26.70	32.69	34.65	33.30	37.54

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	55.36	55.36	55.36	55.36	55.36
Share Warrants & Outstandings	10.37	11.76	13.40	15.48	18.94
Total Reserves	1,502.72	1,738.69	1,986.52	2,184.66	2,460.45
Reserve excluding Revaluation Reserve	1,499.37	1,735.33	1,983.16	2,181.31	2,457.09
Revaluation reserve	3.35	3.35	3.35	3.35	3.35
	1,568.46	1,805.81	2,055.27	2,255.50	2,534.75
Minority Interest	11.57	11.08	11.50	14.05	15.18
Secured Loans		3.95
Unsecured Loans			6.36	1.01
Deferred Tax Assets / Liabilities	12.09	9.88	18.09	34.17	40.24
Other Long Term Liabilities	8.56	25.92	54.42	63.88	45.25
Long Term Provisions	26.78	52.02	49.62	50.20	47.69
Total Non-Current Liabilities	47.43	91.77	128.49	149.26	133.18
Trade Payables	327.70	279.23	362.37	425.28	514.32
Other Current Liabilities	113.63	158.57	158.27	167.59	191.38
Short Term Borrowings		8.59	6.69	4.37
Short Term Provisions	47.13	50.87	43.01	38.53	46.90
Total Current Liabilities	488.46	497.27	570.35	635.78	752.61
Total Liabilities	2,115.91	2,405.92	2,765.61	3,054.59	3,435.72
Gross Block	701.22	938.37	1,162.79	1,381.01	1,452.63
Less: Accumulated Depreciation	315.69	352.68	407.11	495.28	565.87
	385.53	585.68	755.68	885.72	886.77
	66.24	123.53	127.46	25.42	51.16
Non Current Investments	200.47	206.84	242.09	275.64	331.01
Long Term Investment	200.47	206.84	242.09	275.64	331.01
Long Term Loans & Advances	58.58	74.50	51.96	63.44	52.63
Other Non Current Assets	26.43	36.18	14.78	1.84	1.57
Total Non-Current Assets	738.12	1,027.42	1,192.29	1,252.68	1,323.61
Currents Investments	330.25	435.23	447.26	615.86	668.14
Inventories	447.61	463.94	487.61	489.88	481.46
Sundry Debtors	236.87	280.20	357.46	362.43	396.77
Cash and Bank	277.99	139.02	213.05	264.64	490.06
Other Current Assets	21.33	10.53	20.82	27.20	28.51
Short Term Loans and Advances	63.73	49.57	47.14	41.90	47.17
Total Current Assets	1,377.79	1,378.50	1,573.32	1,801.91	2,112.11
Net Current Assets (Including Current Investments)	889.33	881.23	1,002.97	1,166.13	1,359.50
Total Assets	2,115.91	2,405.92	2,765.61	3,054.59	3,435.72
	63.67	33.18	46.74	54.41	54.93
Total Debt	2.15	17.54	18.05	7.32	1.01
	140.42	161.73	184.12	202.01	226.92
Adjusted Book Value	140.42	161.73	184.12	202.01	226.92

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	395.89	485.90	508.33	491.96	555.36
Adjustment	33.47	38.81	29.47	43.71	44.93
Changes In working Capital	-143.06	-8.88	-32.43	37.22	80.26
Cash Flow after changes in Working Capital	286.30	515.82	505.37	572.89	680.55
Cash Flow from Operating Activities	186.58	392.60	367.94	458.49	542.14
Cash Flow from Investing Activities	-53.60	-260.05	-181.68	-212.75	-315.39
Cash Flow from Financing Activitie	-113.88	-140.20	-174.87	-221.25	-215.00
Net Cash Inflow / Outflow	19.10	-7.65	11.39	24.49	11.75
Opening Cash & Cash Equivalents	19.30	46.99	37.72	46.78	66.91
Cash & Cash Equivalent on Amalgamation / Take over / Merger		0.28
Closing Cash & Cash Equivalent	38.40	39.61	49.10	71.28	78.66

Ratios

Valuation

45.04

8.01

27.82

6.37

41.74

234.72

Profitability

17.55

23.52

12.84

18.27

13.27

Leverage & Liquidity

0.00

2.81

69.00

Returns

1.01

0.97

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	58.03	58.03	58.03	58.03	58.03	58.03	58.03	58.03	58.03	58.03
	24.78	24.94	25.05	25.09	25.02	24.76	24.74	24.74	24.80	25.01
	17.19	17.01	16.92	16.88	16.95	17.21	17.22	17.23	17.17	16.96
	41.97	41.97	41.97	41.97	41.97	41.97	41.97	41.97	41.97	41.97
No. of Shareholders	47,493	50,455	50,300	46,810	47,110	48,557	49,010	46,994	45,545	44,141

Mutual Funds Invested(74)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 64 active funds hold 18.45% in Grindwell Norton Ltd., contributing to ₹4.07K Cr of holdings

Fund				As of
SB SBI Midcap Fund - Growth - Direct PlanMid Cap Fund	498.53	2.14	25,00,000	Sep '26
SB SBI ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	376.34	1.25	18,87,280	Sep '26
NI Nippon India Small Cap Fund - Growth - Direct PlanSmall cap Fund	362.43	0.45	18,17,531	Sep '26
SB SBI Contra Fund - Growth - Direct PlanEquity - Contra Fund	298.45	0.66	14,96,647	Sep '26
UT UTI Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	268.48	1.19	13,46,368	Sep '26
AX Axis Small Cap Fund - Growth - Direct PlanSmall cap Fund	178.63	0.58	8,95,775	Sep '26
SB SBI MNC Fund - Growth - Direct PlanMNC	159.53	2.50	8,00,000	Sep '26
UT UTI Mid Cap Fund - Growth - Direct PlanMid Cap Fund	149.56	1.25	7,50,000	Sep '26
SB SBI Infrastructure Fund - Growth - Direct PlanInfrastructure	139.59	2.97	7,00,000	Sep '26
SB SBI Dividend Yield Fund - Growth - Direct PlanEquity - Dividend Yield Fund	134.13	1.66	6,72,644	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-19	Board Meeting	Quarterly Results
2026-07-14	Board Meeting	Quarterly Results
2026-05-08	Ex Dividend	Rs.19.0000 per share(380%)Dividend	2026-07-10	2026-07-10

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

AbrasivesAbrasives

Grindwell Norton Ltd. operates in the Abrasives sector under the Abrasives industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

11 members across the board and senior leadership

Girish T Shajani

Company Secretary & Compliance Officer

—

Subodh Nadkarni

Chairman

₹30.50 L

Mar '26

Archana Niranjan Hingorani

Independent Non-Executive Director

₹28.70 L

Mar '25

Aakil Mahajan

Promoter & Non-Executive Director

₹48.00 L

Mar '26

Archana Hingorani

Non Executive Independent Director

₹30.50 L

Mar '26

David Eric Molho

Non Executive Director

—

Kaustubh Govind Shukla

Non Executive Independent Director

₹22.80 L

Mar '26

Sreedhar Natarajan

Non Executive Director

—

Stephanie Billet

Non Executive Director

—

Venugopal Shanbhag

Managing Director

₹3.96 Cr

Mar '26

Hari Singudasu

Whole Time Director

₹4.03 Cr

Mar '26

GRINDWELL Latest News

News

3 of 3 articles

EQUITY5 Oct 2026 · 16:23

Grindwell Norton informs about compliance certificate

EQUITY2 Jul 2026 · 17:29

Grindwell Norton informs about newspaper advertisement

EQUITY8 May 2026 · 18:28

Grindwell Norton reports Profit after tax of Rs 1190.85 Mln, in the March 2026 quarter

Grindwell Norton Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(74)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

GRINDWELL Latest News

News