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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹1,972.7
Change
-8.3 (-0.42%)
Open
₹2,000.8
Prev. Close
₹1,981.0
Day High
₹2,000.8
Day Low
₹1,956.2
Volume Analysis
Traded
9,040
Delivered
4,318
Delivery %
47.77%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (0)
No signal for this stock
Opportunities (0)
No signal for this stock
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹2,041.54 | ₹2,021.17 | ₹1,996.94 | ₹1,976.57 | ₹1,952.34 | ₹1,931.97 | ₹1,907.74 |
| Fibonacci | ₹2,021.17 | ₹2,004.13 | ₹1,993.61 | ₹1,976.57 | ₹1,959.53 | ₹1,949.01 | ₹1,931.97 |
| Camarilla | ₹1,984.97 | ₹1,980.88 | ₹1,976.79 | ₹1,976.57 | ₹1,968.61 | ₹1,964.52 | ₹1,960.44 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+26.6%
1 Week
+0.3%
1 Month
-4.13%
3 Months
-8.93%
6 Months
+40.37%
1 Year
+26.91%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹439.8
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
16.7%
Net margin 13.8% × asset turnover 0.89x × equity multiplier 1.36x
Company Overview
Sector
Capital Goods
Market Cap
₹21,899 Cr
P/E (TTM)
50.2
ROE
16.2%
Book Value
₹229.0
Face Value
₹5.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Grindwell Norton Limited lands in the middle of the pack on TopFund's composite fundamentals check within the Capital Goods sector, at 63/100. The strongest factor is Financial Strength (100/100), while Valuation (4/100) is the weakest area to weigh before deciding. FII holding has been falling.
TopFund Score — Fundamentals Quality
63/100 — AverageData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 50.2%
- +Company's working capital requirements have reduced from 35.8 days to 23.9 days
- −Stock is trading at 8.66 times its book value
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Grindwell Norton received ESG rating 64 for FY 2025-26 from NSRAL.
Grindwell Norton schedules one-on-one meetings with Aberdeen Investments and SBI Mutual Fund on September 4, 2026.
Please find attached the intimation of Analyst/Institutional Investor Meeting
Grindwell Norton to hold one-on-one analyst meeting with Dolat Capital on August 20, 2026 in Mumbai.
Aditya Birla Sun Life Mutual Fund meeting with Grindwell Norton on August 11, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 668 | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 |
| Expenses + | 534 | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 |
| Operating Profit | 135 | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 |
| OPM % | 20.0% | 20.0% | 19.0% | 18.0% | 19.0% | 19.0% | 18.0% | 18.0% | 18.0% | 18.0% | 18.0% | 19.0% | 20.0% |
| Other Income + | 15 | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 17 | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 130 | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| Tax % | 26.0% | 24.0% | 25.0% | 23.0% | 26.0% | 24.0% | 24.0% | 24.0% | 25.0% | 25.0% | 26.0% | 24.0% | 25.0% |
| Net Profit + | 97 | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 |
| EPS in Rs | 9 | 9 | 8 | 8 | 8 | 9 | 8 | 8 | 9 | 10 | 9 | 11 | 10 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,135 | 1,151 | 1,263 | 1,431 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 | 3,173 |
| Expenses + | 954 | 966 | 1,070 | 1,183 | 1,326 | 1,315 | 1,314 | 1,612 | 2,040 | 2,167 | 2,297 | 2,497 | 2,572 |
| Operating Profit | 181 | 184 | 193 | 248 | 272 | 265 | 324 | 400 | 501 | 520 | 515 | 576 | 601 |
| OPM % | 16.0% | 16.0% | 15.0% | 17.0% | 17.0% | 17.0% | 20.0% | 20.0% | 20.0% | 19.0% | 18.0% | 19.0% | 19.0% |
| Other Income + | 17 | 22 | 31 | 26 | 35 | 40 | 51 | 53 | 53 | 67 | 79 | 93 | 96 |
| Interest | 3 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 8 | 7 |
| Depreciation | 42 | 43 | 42 | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 105 | 106 |
| Profit before tax | 154 | 161 | 180 | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 555 | 584 |
| Tax % | 32.0% | 34.0% | 33.0% | 34.0% | 35.0% | 24.0% | 25.0% | 25.0% | 26.0% | 24.0% | 25.0% | 25.0% | — |
| Net Profit + | 104 | 106 | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
| EPS in Rs | 9 | 10 | 11 | 14 | 15 | 16 | 22 | 27 | 33 | 35 | 33 | 38 | 39 |
| Dividend Payout % | 35.0% | 34.0% | 37.0% | 37.0% | 40.0% | 46.0% | 44.0% | 45.0% | 44.0% | 49.0% | 51.0% | 51.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 588 | 735 | 838 | 935 | 1,043 | 1,132 | 1,309 | 1,513 | 1,750 | 2,000 | 2,200 | 2,479 |
| Borrowings + | 15 | 15 | 8 | 0 | 0 | 0 | 12 | 15 | 51 | 83 | 84 | 61 |
| Other Liabilities + | 309 | 311 | 309 | 349 | 347 | 404 | 485 | 532 | 549 | 628 | 716 | 840 |
| Total Liabilities | 940 | 1,089 | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,436 |
| Fixed Assets + | 360 | 350 | 368 | 342 | 345 | 385 | 370 | 386 | 586 | 756 | 886 | 887 |
| CWIP | 7 | 14 | 6 | 25 | 43 | 29 | 24 | 67 | 124 | 128 | 26 | 52 |
| Investments | 35 | 135 | 145 | 171 | 183 | 583 | 713 | 531 | 642 | 689 | 892 | 999 |
| Other Assets + | 538 | 590 | 690 | 802 | 875 | 595 | 755 | 1,133 | 1,054 | 1,193 | 1,251 | 1,498 |
| Total Assets | 940 | 1,089 | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,436 |
| Equity Capital | 28 | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 106 | 139 | 170 | 134 | 85 | 318 | 331 | 187 | 393 | 368 | 458 | 542 |
| Cash from Investing Activity + | -30 | -38 | -40 | -41 | -54 | -442 | -230 | -54 | -251 | -184 | -159 | -244 |
| Cash from Financing Activity + | -46 | -102 | 3 | -60 | -68 | -95 | -95 | -114 | -140 | -175 | -221 | -215 |
| Net Cash Flow | 29 | 0 | 133 | 32 | -37 | -220 | 7 | 19 | 1 | 9 | 78 | 83 |
| CFO/OP | 87 | 102 | 119 | 83 | 65 | 146 | 126 | 72 | 103 | 97 | 111 | 118 |
| Free Cash Flow | 71 | 99 | 117 | 96 | 18 | 268 | 283 | 67 | 72 | 199 | 366 | 424 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 18.25% | 18.09% | 17.76% | 17.19% | 17.01% | 16.91% | 16.88% | 16.95% | 17.22% | 17.23% | 17.23% | 17.17% |
| Promoters | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% | 58.04% |
| FII | 8.4% | 8.42% | 8.31% | 8.63% | 8.25% | 6.97% | 6.75% | 6.81% | 6.38% | 6.39% | 5.56% | 5.21% |
| DII | 15.31% | 15.45% | 15.9% | 16.14% | 16.69% | 18.07% | 18.33% | 18.2% | 18.37% | 18.35% | 19.18% | 19.59% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Grindwell Norton Limited (this stock) | 21,899 | 50.2 | 8.66 | 16.2% |
| Hbl Engineering Ltd | 21,376 | 26.7 | 9.65 | 45.3% |
| Mtar Technologies Limited | 21,224 | 156.0 | 25.84 | 12.4% |
| Finolex Cables Ltd | 22,725 | 28.4 | 3.73 | 12.3% |
| Diamond Power Infra Ltd | 22,795 | 116.0 | -32.87 | — |
| Emmvee Photovoltaic Pwr L | 23,062 | 18.1 | 6.24 | 50.7% |
| Td Power Systems Ltd. | 23,577 | 85.7 | 21.92 | 24.7% |
Which Mutual Funds Hold Grindwell Norton Limited?
Frequently Asked Questions about Grindwell Norton Limited
Grindwell Norton Limited (GRINDWELL) closed at ₹1,972.7 on NSE on 25 September 2026, down 8.3 (0.42%) from the previous close.
Grindwell Norton Limited trades on the NSE (National Stock Exchange of India) under the symbol GRINDWELL.
Grindwell Norton Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 50.2.
Grindwell Norton Limited has a dividend yield of 0.96%.
Grindwell Norton Limited's 52-week high is ₹2,464.0 and its 52-week low is ₹1,329.0.
Grindwell Norton Limited has a market capitalisation of ₹21,899 crore.
Grindwell Norton Limited has a TopFund Quality Score of 63/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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