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Grindwell Norton Limited is currently in a long term uptrend where the price is trading 55.9% above its 200 day moving average.
From a valuation standpoint, the stock is 18.4% cheaper than other stocks from the Industrials sector with a price to sales ratio of 6.8.
Grindwell Norton Limited's total revenue rose by 10.7% to $5B since the same quarter in the previous year.
Its net income has increased by 42.5% to $659M since the same quarter in the previous year.
Finally, its free cash flow grew by 43.2% to $1B since the same quarter in the previous year.
Based on the above factors, Grindwell Norton Limited gets an overall score of 5/5.
Exchange | NSE |
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CurrencyCode | INR |
ISIN | INE536A01023 |
Sector | Industrials |
Industry | Building Products & Equipment |
Market Cap | 178B |
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Beta | 0.29 |
Dividend Yield | 1.0% |
PE Ratio | 48.4 |
Target Price | 1897.75 |
Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through Abrasives, Ceramics and Plastics, Digital Services, and Others segment. The company offers bonded abrasives in the form of wheels and other shapes, such as segments, sticks, and cones etc. for various applications, including lapping, honing, super-finishing, thread grinding, fluting, OD grinding, ID grinding, and surface and sace grinding, as well as for rough applications comprising snagging, offhand grinding, and burr removal. It also provides coated abrasives products in various shapes, such as discs, belts, wheels, and sheets and rolls for polishing and surface preparation; non-woven abrasives; super abrasives for precision applications, such as auto, bearing, steel, solar, and electronics industries; thin wheels used for cutting, deburring, and weld-removal; and cutting-edge abrasive products. In addition, the company offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives, iron foundries, and refractories, as well as for stone polishing; and PCR ceramic products for use in sanitary-ware, tableware, ballistic armor protection, wear resistance systems, etc. Further, the company produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and single use bags and assemblies for use in the automotive, oil and gas, life sciences, construction, energy, and general industrial applications. Grindwell Norton Limited was founded in 1941 and is based in Mumbai, India. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain S.A.
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