How has Grindwell Norton Limited (GRINDWELL) been performing? We dig into revenue, profitability, valuation, and ownership trends.
Grindwell Norton Revenue Trend
For FY2026, Grindwell Norton Limited recorded revenue of ₹3,073 Cr. That's 9.3% higher than the ₹2,812 Cr it brought in during FY2025.
Over the past 10 years, revenue has grown at a healthy 10.0% CAGR, from ₹1,183 Cr to ₹3,073 Cr. That's solid, above-average growth.
Grindwell Norton Limited's ₹3,073 Cr revenue base puts it in the mid-sized bracket among abrasives companies in India.
Revenue has moved in the same direction for 6 years running, suggesting the growth trend has structural legs.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹3,073 Cr | +9.3% |
| FY2025 | ₹2,812 Cr | +4.6% |
| FY2024 | ₹2,687 Cr | +5.7% |
| FY2023 | ₹2,541 Cr | +26.3% |
| FY2022 | ₹2,013 Cr | — |
View Grindwell Norton Limited's full 10-year revenue trend with CAGR analysis →
Grindwell Norton Profitability
The bottom line looked healthy: Grindwell Norton Limited posted net profit of ₹417 Cr in FY2026, 13.0% above FY2025.
The company maintained its net margin at 13.6% in FY2026, roughly in line with the prior year.
Per-share earnings moved to ₹37.54 in FY2026 from ₹33.30 in FY2025.
Is Grindwell Norton Undervalued
Grindwell Norton Limited shares are currently trading at ₹2,087.80.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
Grindwell Norton Shareholding Pattern
A stable promoter holding of 58.0% over 4 quarters suggests the management group is comfortable with its position.
Foreign investors held 5.2% of the company as of June 2026, down year-over-year from 6.4%.
DII ownership is at 19.6%, up from the 18.4% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 58.0% | 5.2% | 19.6% | 17.2% |
| 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% |
Track quarterly shareholding changes for Grindwell Norton Limited →
Grindwell Norton Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2026, the total asset base came in at ₹34.38B, up 12.5% YoY from ₹30.57B.
Property, Plant & Equipment accounts for 22.6% of the total, ahead of Cash & ST Investments (21.7%) and Other Assets (17.9%).
Capital structure: 74.2% equity, 1.8% debt, 24.1% operating liabilities. Over the year, debt is down 27.3% and equity is up 12.4%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 7.47B |
| Receivables | 3.97B |
| Inventories | 4.81B |
| Property, Plant & Equipment | 7.76B |
| Investments | 3.31B |
| Intangibles & Goodwill | 920.35M |
| Other Assets | 6.14B |
| Category | Value |
|---|---|
| Equity | 25.50B |
| Short-term Debt | 193.22M |
| Long-term Debt | 413.91M |
| Trade Payables | 5.14B |
| Other Liabilities | 3.13B |
Grindwell Norton — The Bottom Line
Here's the bottom line on Grindwell Norton Limited (GRINDWELL) based on the latest available financials.
Revenue of ₹3,073 Cr in FY2026, up 9.3% year-over-year.
Long-term revenue has been compounding at 10.0% annually over 10 years.
The company is profitable, with a net margin of 13.6% and net income of ₹417 Cr.
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