NSE ScannerChemicals · Industrial Specialties · NSE: GRINDWELL · data 2026-11-01
Grindwell Norton Limited
In plain words
Price: 23.5% below its 52-week high of ₹2,455.
Delivery: 48.1% of traded shares were kept for delivery over the last 10 sessions, against 54.8% over the last 60.
Latest results: a net profit of ₹133 cr for the quarter ended Sept 2026 (+24.2% on the same quarter a year earlier).
A description of the data, not a recommendation.
Key figures
Growth
| Revenue (last 12 months) | ₹3,282 cr |
| Net profit (last 12 months) | ₹462 cr |
| Sales growth, 3 years (yearly) | 6.5% |
| Profit growth, 3 years (yearly) | 4.7% |
At a glance
Promoters 58.0% (unchanged in a year), pledged 0.0%, institutions 25.0%.
P/E 45.0, P/B 8.0, dividend yield 1.0%. Price relative to earnings and book value (low is cheaper, not better).
ROE 17.4%, ROCE 19.2%, operating margin 15.8%: how much profit it earns on the money it uses.
Debt/equity 0.02, Profit growth 4.7% and sales growth 6.5% a year over 3 years.
Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.
Strengths and limitations
- Virtually debt-free (debt/equity 0.1 or less).
None flagged by these rules.
Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.
Latest results in brief (Q2 FY27)
GRINDWELL Q2 FY27 results (consolidated figures, as filed on NSE).
Revenue was ₹883.67 crore, up 14.1% YoY and up 10% QoQ.
Net profit was ₹132.7 crore, up 24.2% YoY and up 14.9% QoQ.
Operating margin was 18.8% (18.2% a year ago).
EPS was ₹11.99, up 24.2% YoY and up 15% QoQ.
GRINDWELL के Q2 FY27 नतीजे (कंसोलिडेटेड आंकड़े, NSE पर दाखिल)।
राजस्व: ₹883.67 करोड़; पिछले साल की तुलना में 14.1% की बढ़त, पिछली तिमाही की तुलना में 10% की बढ़त।
शुद्ध मुनाफ़ा: ₹132.7 करोड़; पिछले साल की तुलना में 24.2% की बढ़त, पिछली तिमाही की तुलना में 14.9% की बढ़त।
ऑपरेटिंग मार्जिन: 18.8% (एक साल पहले 18.2%)।
EPS: ₹11.99; पिछले साल की तुलना में 24.2% की बढ़त, पिछली तिमाही की तुलना में 15% की बढ़त।
GRINDWELLના Q2 FY27 પરિણામો (કન્સોલિડેટેડ આંકડા, NSE પર ફાઇલ કરેલા).
આવક (રેવન્યુ): ₹883.67 કરોડ; ગયા વર્ષની સરખામણીએ 14.1% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 10% વધારો.
ચોખ્ખો નફો: ₹132.7 કરોડ; ગયા વર્ષની સરખામણીએ 24.2% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 14.9% વધારો.
ઓપરેટિંગ માર્જિન: 18.8% (એક વર્ષ પહેલાં 18.2%).
EPS: ₹11.99; ગયા વર્ષની સરખામણીએ 24.2% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 15% વધારો.
Written from the filed numbers. Not a recommendation.
Smart-money activity
33/100 · Neutral over the last ~60 sessions, data 2026-10-30
- Delivery vs usual 17/30: Delivery 55.0% over the last 20 sessions vs 56.7% in the 40 before (0.97x); shares delivered per day 1.82x usual; 3 delivery-spike days (3x usual shares delivered, 40%+ delivery) in the last 20 sessions.
- Bulk/block deals 0/20: No bulk or block deals in the last 90 days.
- Insider / SAST buys 0/15: No insider buy or SAST acquisition filings in the last 90 days. Insider sells are not collected by the site, so only buy filings count.
- Mutual fund holding 11/15: 18 schemes hold it, about ₹2,079 cr in all (as of 2026-09-30). Latest monthly portfolios only (top 60 holdings per scheme); month-on-month change is not stored.
- Accumulation evidence 0/15: No accumulation evidence row (only saved-scan stocks have one; 0 points).
- Promoter pledges 5/5: No promoter pledge filings in 90 days.
A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.
Story so far
● Dividend ● Results
- 10 Jul 26Dividend Dividend ₹19 (ex-date) +0.7% next session
- 15 Jul 25Dividend Dividend ₹17 (ex-date) +3.0% next session
- 12 May 25Results Q4 FY25 results: net profit ₹92.5 cr +3.4% next session
From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.
Quarterly results (consolidated)
| Quarter | Revenue | Net profit | Profit YoY | Op. margin | EPS ₹ |
|---|---|---|---|---|---|
| Sept 2026 | ₹884 cr | ₹133 cr | +24.2% | 18.8% | 11.99 |
| Jun 2026 | ₹803 cr | ₹116 cr | +22.3% | 19.5% | 10.43 |
| Mar 2026 | ₹842 cr | ₹119 cr | +28.3% | 19.5% | 10.73 |
| Dec 2025 | ₹753 cr | ₹95 cr | +9.6% | 18.5% | 8.6 |
Shareholding trend
| Holder | Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Promoters | 58.03% | 58.03% | 58.03% | 58.03% |
| Foreign institutions (FII) | 5.34% | 5.21% | 5.56% | 6.39% |
| Domestic institutions (DII) | 19.67% | 19.59% | 19.18% | 18.35% |
| Mutual funds | 18.57% | 18.47% | 17.74% | 17.48% |
| Retail investors | 5.38% | 5.53% | 5.59% | 5.57% |
| Number of shareholders | 44,141 | 45,545 | 46,994 | 49,010 |
Common questions
What was Grindwell Norton Limited's latest quarterly profit?
Grindwell Norton Limited reported a net profit of ₹133 cr for the quarter ended Sept 2026 (+24.2% on the same quarter a year earlier), on revenue of ₹884 cr.
How much do promoters hold in Grindwell Norton Limited?
Promoters held 58.03% of Grindwell Norton Limited at the end of Sept 2026, with 0.00% of promoter shares pledged.
Is Grindwell Norton Limited debt-free?
Its latest reported debt-to-equity ratio is 0.02, which is very low.
What is Grindwell Norton Limited's P/E ratio?
About 45, based on the last 12 months' earnings and a price of ₹1,878.6 (data 2026-11-01).
What is the 52-week high and low of Grindwell Norton Limited?
The 52-week high is ₹2,455 and the 52-week low is ₹1,329.
Mutual funds holding Grindwell Norton Limited
From the monthly portfolios of the fund houses the site reads, as of 2026-09-30. 18 schemes holding about ₹2,079 cr; funds that hold it outside their top holdings may not be listed.
| Scheme | Fund house | % of fund | Value |
|---|---|---|---|
| SBI Midcap Fund | SBI Mutual Fund | 2.14% | ₹498 cr |
| SBI ELSS Tax Saver Fund | SBI Mutual Fund | 1.25% | ₹375 cr |
| SBI Contra Fund | SBI Mutual Fund | 0.66% | ₹297 cr |
| SBI MNC Fund | SBI Mutual Fund | 2.50% | ₹160 cr |
| SBI Infrastructure Fund | SBI Mutual Fund | 2.97% | ₹140 cr |
| SBI Dividend Yield Fund | SBI Mutual Fund | 1.66% | ₹134 cr |
| SBI Conservative Hybrid Fund | SBI Mutual Fund | 0.95% | ₹96 cr |
| SBI Innovative Opportunities Fund | SBI Mutual Fund | 1.56% | ₹80 cr |
| SBI Flexicap Fund | SBI Mutual Fund | 0.36% | ₹80 cr |
| ADITYA BIRLA SUN LIFE MNC FUND | Aditya Birla Sun Life Mutual Fund | 1.90% | ₹58 cr |
| SBI Quality Fund | SBI Mutual Fund | 2.10% | ₹54 cr |
| SBI RETIREMENT BENEFIT FUND - AGGRESSIVE PLAN | SBI Mutual Fund | 1.48% | ₹45 cr |
| ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUND | Aditya Birla Sun Life Mutual Fund | 1.81% | ₹22 cr |
| SBI RETIREMENT BENEFIT FUND - AGGRESSIVE HYBRID PLAN | SBI Mutual Fund | 1.11% | ₹18 cr |
| SBI Long Term Advantage Fund - Series V | SBI Mutual Fund | 4.14% | ₹15 cr |
Compared with similar companies
| Company | Price | Market cap | P/E | P/B | ROE | ROCE | Debt/eq. | 1-yr return |
|---|---|---|---|---|---|---|---|---|
| Grindwell Norton Limited | ₹1,878.6 | ₹20,815 cr | 45 | 8 | 17.4% | 19.2% | 0.02 | +18.7% |
| Himadri Speciality Chemical Ltd. | ₹509.2 | ₹25,716 cr | 30 | 5 | 17.8% | 20.7% | 0.16 | +4.3% |
| Carborundum Universal Limited | ₹1,030.3 | ₹19,648 cr | 93.8 | — | 5.2% | 8.4% | 0.11 | +10.2% |
| Kansai Nerolac Paints Limited | ₹176.28 | ₹14,272 cr | 23.8 | — | 9% | 10.8% | 0.05 | -30.7% |
| Graphite India Limited | ₹725.85 | ₹14,178 cr | 66.6 | — | 3% | 2.2% | 0.06 | +16.1% |
| Supreme Petrochem Limited | ₹678.3 | ₹12,722 cr | 24 | 5 | 14.3% | 18.2% | 0.06 | -11.8% |
Compare GRINDWELL with HSCL in detail →
The full analysis has the price chart, every quarterly result with YoY/QoQ growth, the balance sheet and cash flow with an accounting red-flag check, shareholding quarter by quarter with big investors, news, filings and bulk/block deals.
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