Grindwell Norton Ltd (GRINDWELL) — shareholding pattern, promoter holding, financials and share price
About Grindwell Norton Ltd (GRINDWELL)
Grindwell Norton Ltd operates in the Abrasives & Bearings industry, within the Capital Goods sector. It trades on the NSE as GRINDWELL and on the BSE under scrip code 506076. Its ISIN is INE536A01023.
Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]
Grindwell Norton Limited (GNL) is a leading Indian subsidiary of the global Saint-Gobain Group, specializing in abrasives, ceramics, and performance plastics.
GNL has a well-established manufacturing footprint, with multiple plants across India focusing on abrasives, refractories, and performance plastics.
Listed peers in Abrasives & Bearings: Timken India Ltd, Carborundum Universal Ltd, SKF India (Industrial) Ltd, Wendt India Ltd, Galaxy Bearings Ltd, SKP Bearing Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹2,064.35 a share on 10 Jul 2026, Grindwell Norton Ltd (GRINDWELL) was valued at a price-to-earnings ratio of 54.84x against an industry P/E of 37x and a price-to-book of 9.02x on a book value of ₹228.93 per share as of Mar 2026. Solomo computes return on equity of 16.44% and return on capital employed of 21.71% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 54.84x
- Industry P/E
- 37x
- P/B
- 9.02x
- EPS (TTM)
- ₹37.64
- Book value / share
- ₹228.93
- ROE
- 16.44%
- ROCE
- 21.71%
- ROA
- 12.12%
- Debt / equity
- 0.02x
- Dividend yield
- 1.74%
- EBITDA margin
- 21.85%
- 52-week range
- ₹1,330 – ₹2,286.95
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Grindwell Norton Ltd (GRINDWELL) reported revenue of ₹3,073 crore, net profit of ₹417 crore and earnings per share of ₹37.54. That compares with revenue of ₹2,812 crore and net profit of ₹371 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹842 crore and net profit ₹119 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 |
| Net profit (₹ cr) | 295 | 362 | 384 | 371 | 417 |
| EPS (₹) | 26.7 | 32.69 | 34.65 | 33.3 | 37.54 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 9.50% | 13.13% | 6.23% | 9.30% |
| Profit growth | 15.14% | 11.25% | 4.08% | 12.26% |
| Stock price CAGR | 21% | 13% | 3% | 34% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 58.03% of Grindwell Norton Ltd (GRINDWELL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 5.21% and domestic institutional investors (DII) hold 19.59%. Market capitalisation was ₹22,856 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: Sbi Midcap Fund 9.31%, Uti-Flexi Cap Fund 2.51%, Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund 1.64%, Invesco India Manufacturing Fund 1.15%, Icici Prudential Smallcap Fund 1.05%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 58.03% | - | 5.21% | 19.59% | 41.97% |
| Mar 2026 | 58.03% | - | 5.56% | 19.18% | 41.97% |
| Dec 2025 | 58.03% | - | 6.39% | 18.35% | 41.97% |
| Sep 2025 | 58.03% | - | 6.39% | 18.37% | 41.97% |
| Jun 2025 | 58.03% | - | 6.82% | 18.2% | 41.97% |
| Mar 2025 | 58.03% | - | 6.75% | 18.34% | 41.97% |
| Dec 2024 | 58.03% | - | 6.97% | 18.08% | 41.97% |
| Sep 2024 | 58.03% | - | 8.26% | 16.7% | 41.97% |