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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Grindwell Norton Limited is an India-based company, which is engaged in the manufacturing of abrasives, performance plastics and refractory products. The Company's segments include abrasives, ceramics and plastics, digital services, and others. The abrasives segment markets…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, slow-growing business, reasonably priced.
Grindwell Norton is scored on the general / industrial framework. It keeps a healthy 13.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.30× reported profit. Free cash flow is worth about 1.1% of its market value.
Over the last 3 years revenue compounded at 7%/yr and profit at 5%/yr. Book value has grown 12%/yr. Return on equity is a healthy 17.8%. In the latest quarter profit fell 3% versus the prior quarter.
At 51× earnings, the stock sits at the 34th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 45.79 | 92.01 | better |
| P/B | 8.16 | 6.2 | worse |
| EV/EBITDA | 28.61 | 32.73 | better |
| ROE | 17.76 | 10.74 | better |
| ROCE | 23.48 | 15.33 | better |
| ROA | 12.99 | 7.18 | better |
| Quick Ratio | 2.17 | 2.19 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 7% CAGR — growing but slowly.
Operating margins have been stable around 18% — no major structural shift. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 16% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
5% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 58.0% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.