Stock Snapshot
Price Performance
Recommendation Rationale
Favorable growth outlook supported by strategic investments and product innovation.
Basis of our Recommendation
Grindwell Norton is positioned for moderate growth, bolstered by strategic investments and product innovation, particularly in the Ceramics & Plastics segment. The company has demonstrated strong quarterly performance with expanding margins, although it faces competitive pressures that could impact future growth.
Why We Like This Stock
- Strong quarterly growth driven by the Ceramics & Plastics segment
- Expanding margins reflecting operational efficiency
- Strategic investments enhancing product innovation
Things To Watch Out For
- Competitive pressures could impact market position
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 2,687 | 2,812 | 3,073 | 3,287 | 3,547 |
| Profit Before Tax (Cr.) | 486 | 461 | 555 | 582 | 635 |
| PBT Margin | 18.1% | 16.4% | 18.1% | 17.7% | 17.9% |
| Net Profit (Cr.) | 369 | 353 | 417 | 436 | 475 |
| EPS | 33.3 | 31.6 | 37.6 | 39.3 | 42.9 |
Company Overview
Show Company Profile
Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through Abrasives, Ceramics & Plastics, Digital Services, and Others segments. The company offers abrasives, including bonded and coated abrasives, non-woven abrasives, thin wheels, construction products, automotive aftermarket, adhesives and sealants, performance grinding products; life science solutions, such as biopharmaceutical systems, medical components, cell therapy solutions, and industrial and consumer solutions; and performance polymer solutions, including engineered components, tape solutions, and ADFORS. It also provides performance ceramics and refractories solutions comprising ceramic systems, wear resistance technology, specialty ceramic for energy, iron and steel, foundry, and non-ferrous industries; silicon carbide crude and grains, including ceramic foam filters for metallurgy, crucible, abrasive, refractory, and advanced materials applications; and design and commissioning solutions. The company serves construction and mobility industries. Grindwell Norton Limited was founded in 1941 and is based in Mumbai, India. Grindwell Norton Limited (BSE:506076) operates as a subsidiary of Compagnie de Saint-Gobain S.A.