How has Grindwell Norton Limited (GRINDWELL) been performing? We dig into revenue, profitability, valuation, and ownership trends.
Grindwell Norton Revenue Trend
For FY2025, Grindwell Norton Limited recorded revenue of ₹2,812 Cr. That's 2.1% higher than the ₹2,755 Cr it brought in during FY2024.
Over the past 10 years, revenue has grown at a 9.5% CAGR, from ₹1,135 Cr to ₹2,812 Cr. Decent growth, though not exceptional.
Grindwell Norton Limited's ₹2,812 Cr revenue base puts it in the mid-sized bracket among abrasives companies in India.
Revenue has moved in the same direction for 5 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹2,812 Cr | +2.1% |
| FY2024 | ₹2,755 Cr | +6.1% |
| FY2023 | ₹2,597 Cr | +25.7% |
| FY2022 | ₹2,066 Cr | +22.3% |
| FY2021 | ₹1,689 Cr | — |
View Grindwell Norton Limited's full 10-year revenue trend with CAGR analysis →
Grindwell Norton Profitability
Grindwell Norton Limited saw net profit contract 4.0% to ₹369 Cr in FY2025, down from ₹384 Cr in FY2024.
The company's net margin contracted to 13.1% in FY2025 from 13.9% in FY2024.
FY2025 diluted EPS of ₹33.30 was down from the ₹34.65 reported in FY2024.
Is Grindwell Norton Undervalued
The P/E Ratio valuation pegs Grindwell Norton Limited's fair value at ₹2,148, which is 15.0% upside from the current price.
Grindwell Norton Limited shares are currently trading at ₹1,867.00.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹2,148 | 15.0% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Grindwell Norton Limited with detailed assumptions →
Grindwell Norton Shareholding Pattern
A stable promoter holding of 58.0% over 4 quarters suggests the management group is comfortable with its position.
FII ownership stands at 5.6%, down from the 6.8% recorded a year ago.
On the domestic institutional side, the holding is 19.2% as of March 2026 — up from 18.2%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 58.0% | 5.6% | 19.2% | 17.2% |
| Dec 2025 | 58.0% | 6.4% | 18.4% | 17.2% |
| Sep 2025 | 58.0% | 6.4% | 18.4% | 17.2% |
| Jun 2025 | 58.0% | 6.8% | 18.2% | 16.9% |
Track quarterly shareholding changes for Grindwell Norton Limited →
Grindwell Norton Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹30.57B, up 10.4% YoY from ₹27.70B.
Property, Plant & Equipment accounts for 23.8% of the total, ahead of Cash & ST Investments (22.5%) and Inventories (16.0%).
Capital structure: 74.2% equity, 2.7% debt, 23.0% operating liabilities. Over the year, debt is up 1.2% and equity is up 9.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 6.87B |
| Receivables | 3.62B |
| Inventories | 4.90B |
| Property, Plant & Equipment | 7.28B |
| Investments | 2.76B |
| Intangibles & Goodwill | 934.87M |
| Other Assets | 4.20B |
| Category | Value |
|---|---|
| Equity | 22.70B |
| Short-term Debt | 228.81M |
| Long-term Debt | 606.69M |
| Trade Payables | 4.25B |
| Other Liabilities | 2.78B |
What Stands Out About Grindwell Norton
To sum up Grindwell Norton Limited's financial position: the data paints a clear picture for investors evaluating this abrasives stock.
Revenue of ₹2,812 Cr in FY2025, up 2.1% year-over-year.
Long-term revenue has been compounding at 9.5% annually over 10 years.
The company is profitable, with a net margin of 13.1% and net income of ₹369 Cr.
The P/E Ratio model implies 15.0% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore Grindwell Norton Limited's detailed profile on Craytheon.