GRINDWELL NORTON LIMITED (GRINDWELL) financials

GRINDWELL NORTON LIMITED (GRINDWELL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services.[1]

Market Cap: ₹21,183Cr.
Current Price: ₹1,913
Stock P/E: 48.8
ROE: 16.1%
ROCE: 21.2%
Book Value: ₹228
Dividend Yield: 1.00%
52W High / Low: ₹2,464/1,329

In Jun 2026, GRINDWELL NORTON LIMITED (GRINDWELL) reported sales ₹794 Cr and net profit ₹116 Cr.

Annual TTM: sales ₹3,126 Cr, net profit ₹434 Cr.

Shareholding: Promoters 58.04% (Sep 2026), FIIs 5.34% (Sep 2026), DIIs 19.66% (Sep 2026), Public 16.95% (Sep 2026), No. of Shareholders 44,141% (Sep 2026).

GRINDWELL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	672	683	691	694	761	742	829	794
Expenses	547	565	568	565	624	606	666	637
Operating Profit	125	119	123	129	137	136	163	157
OPM %	19%	17%	18%	19%	18%	18%	20%	20%
Other Income	23	18	23	24	31	19	21	25
Interest	2	2	2	2	2	2	2	1
Depreciation	22	23	24	25	26	26	25	26
Profit before tax	124	112	119	126	140	126	157	154
Tax %	24%	25%	23%	25%	25%	26%	24%	25%
Net Profit	94	84	91	94	105	94	119	116
EPS in Rs	8.49	7.55	8.25	8.53	9.49	8.49	10.76	10.43
Raw PDF	—	—	—	—	—	—	—	—

GRINDWELL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,552	1,633	2,006	2,524	2,652	2,737	3,026	3,126
Expenses	1,300	1,309	1,604	2,023	2,135	2,238	2,459	2,533
Operating Profit	252	324	402	501	517	499	567	592
OPM %	16%	20%	20%	20%	19%	18%	19%	19%
Other Income	46	51	53	55	64	78	93	96
Interest	4	3	4	8	7	9	8	7
Depreciation	55	52	51	58	69	90	102	103
Profit before tax	239	320	400	491	505	479	550	578
Tax %	24%	24%	25%	25%	25%	25%	25%	—
Net Profit	183	242	298	366	381	361	413	434
EPS in Rs	16.52	21.86	26.91	33.05	34.39	32.59	37.27	39.17
Dividend Payout %	45%	43%	45%	44%	49%	52%	51%	—

GRINDWELL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	55	55	55	55	55	55	55	55
Reserves	1,031	1,121	1,302	1,508	1,749	1,996	2,188	2,464
Borrowings	0	0	10	14	42	75	78	60
Other Liabilities	336	391	475	516	535	617	697	821
Total Liabilities	1,423	1,568	1,843	2,093	2,381	2,743	3,018	3,401
Fixed Assets	321	360	348	366	570	731	861	864
CWIP	42	29	24	67	119	128	26	51
Investments	203	603	734	552	665	710	911	1,019
Other Assets	856	576	737	1,108	1,028	1,174	1,220	1,467
Total Assets	1,423	1,568	1,843	2,093	2,381	2,743	3,018	3,401

GRINDWELL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	82	307	331	186	398	364	453	530
Cash from Investing Activity	-53	-437	-225	-55	-257	-176	-212	-313
Cash from Financing Activity	-68	-93	-95	-114	-140	-174	-219	-214
Net Cash Flow	-39	-223	11	17	1	14	21	3
Free Cash Flow	16	258	283	66	84	201	361	414
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	67%	149%	126%	71%	104%	97%	114%	117%

GRINDWELL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	58.04%	58.04%	58.04%	58.04%	58.04%	58.04%	58.04%	58.04%
FIIs	6.97%	6.75%	6.81%	6.38%	6.39%	5.56%	5.21%	5.34%
DIIs	18.07%	18.33%	18.20%	18.37%	18.35%	19.18%	19.59%	19.66%
Public	16.91%	16.88%	16.95%	17.22%	17.23%	17.23%	17.17%	16.95%
No. of Shareholders	50,300	46,810	47,110	48,557	49,010	46,994	45,545	44,141

GRINDWELL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	47	47	45	43	40	49	47	47
Inventory Days	161	147	157	178	141	145	135	120
Days Payable	91	114	156	130	86	110	122	131
Cash Conversion Cycle	117	80	46	90	96	83	61	36
Working Capital Days	73	49	34	50	44	46	36	22
ROCE %	23%	20%	24%	26%	28%	25%	21%	21%

GRINDWELLUpdated 16 Oct 2026, 11:51

Grindwell Norton Limited

GRINDWELLUpdated 16 Oct 2026, 11:51

Market Cap

₹21,183Cr.

Current Price

₹1,913

High / Low

₹2,464/1,329

Stock P/E

48.8

ROE16.1%

ROCE21.2%

Book Value₹228

Face Value₹5.00

Dividend Yield1.00%

About

Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	660	2	526	15	16	130	25	97	8.77
Sep 2023	658	2	529	19	17	131	25	98	8.85
Dec 2023	652	2	525	14	17	122	25	92	8.32
Mar 2024	681	2	557	17	19	122	23	94	8.44
Jun 2024	691	2	560	16	21	123	25	92	8.3
Sep 2024	672	2	547	23	22	124	24	94	8.49
Dec 2024	683	2	565	18	23	112	25	84	7.55
Mar 2025	691	2	568	23	24	119	23	91	8.25
Jun 2025	694	2	565	24	25	126	25	94	8.53
Sep 2025	761	2	624	31	26	140	25	105	9.49
Dec 2025	742	2	606	19	26	126	26	94	8.49
Mar 2026	829	2	666	21	25	157	24	119	10.76
Jun 2026	794	1	637	25	26	154	25	116	10.43

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	1110	1	945	20	35	149	32	101	9.13
Mar 2016	1126	1	957	24	37	155	34	102	9.23
Mar 2017	1236	1	1056	33	40	173	33	116	10.48
Mar 2018	1405	1	1168	28	42	222	34	147	13.29
Mar 2019	1567	1	1307	37	42	253	35	164	14.8
Mar 2020	1552	4	1300	46	55	239	24	183	16.52
Mar 2021	1633	3	1309	51	52	320	24	242	21.86
Mar 2022	2006	4	1604	53	51	400	25	298	26.91
Mar 2023	2524	8	2023	55	58	491	25	366	33.05
Mar 2024	2652	7	2135	64	69	505	25	381	34.39
Mar 2025	2737	9	2238	78	90	479	25	361	32.59
Mar 2026	3026	8	2459	93	102	550	25	413	37.27
TTM	3126	7	2533	96	103	578	—	434	39.17

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	58.04%
FIIs	5.34%
DIIs	19.66%
Public	16.95%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	58.04%	8.42%	15.45%	18.09%
Mar 2024	58.04%	8.31%	15.9%	17.76%
Jun 2024	58.04%	8.63%	16.14%	17.19%
Sep 2024	58.04%	8.25%	16.69%	17.01%
Dec 2024	58.04%	6.97%	18.07%	16.91%
Mar 2025	58.04%	6.75%	18.33%	16.88%
Jun 2025	58.04%	6.81%	18.2%	16.95%
Sep 2025	58.04%	6.38%	18.37%	17.22%
Dec 2025	58.04%	6.39%	18.35%	17.23%
Mar 2026	58.04%	5.56%	19.18%	17.23%
Jun 2026	58.04%	5.21%	19.59%	17.17%
Sep 2026	58.04%	5.34%	19.66%	16.95%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	28	589	2	291	910	327	7	55	521	910
Mar 2016	28	734	3	299	1063	322	13	155	573	1063
Mar 2017	55	833	3	299	1189	341	6	166	676	1189
Mar 2018	55	927	0	335	1318	317	23	191	787	1318
Mar 2019	55	1031	0	336	1423	321	42	203	856	1423
Mar 2020	55	1121	0	391	1568	360	29	603	576	1568
Mar 2021	55	1302	10	475	1843	348	24	734	737	1843
Mar 2022	55	1508	14	516	2093	366	67	552	1108	2093
Mar 2023	55	1749	42	535	2381	570	119	665	1028	2381
Mar 2024	55	1996	75	617	2743	731	128	710	1174	2743
Mar 2025	55	2188	78	697	3018	861	26	911	1220	3018
Mar 2026	55	2464	60	821	3401	864	51	1019	1467	3401

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	98	-29	-40	29
Mar 2016	131	-37	-95	-1
Mar 2017	161	-43	7	125
Mar 2018	124	-40	-57	28
Mar 2019	82	-53	-68	-39
Mar 2020	307	-437	-93	-223
Mar 2021	331	-225	-95	11
Mar 2022	186	-55	-114	17
Mar 2023	398	-257	-140	1
Mar 2024	364	-176	-174	14
Mar 2025	453	-212	-219	21
Mar 2026	530	-313	-214	3

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	41	41	36	45	47	47	45	43	40	49	47	47
Inventory Days	154	174	149	149	161	147	157	178	141	145	135	120
Days Payable	62	59	104	108	91	114	156	130	86	110	122	131
Cash Conversion Cycle	134	156	82	86	117	80	46	90	96	83	61	36
Working Capital Days	43	56	49	53	73	49	34	50	44	46	36	22
ROCE %	25%	22%	20%	23%	23%	20%	24%	26%	28%	25%	21%	21%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GRINDWELL NORTON LIMITED (GRINDWELL)?

The reported market capitalisation for GRINDWELL NORTON LIMITED (GRINDWELL) is ₹21,183Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GRINDWELL?

The current price shown for GRINDWELL NORTON LIMITED (GRINDWELL) on Fincrux is ₹1,913 with a 52-week high/low of ₹2,464/1,329.

What is the P/E ratio of GRINDWELL NORTON LIMITED (GRINDWELL)?

The stock P/E for GRINDWELL NORTON LIMITED (GRINDWELL) is 48.8 on Fincrux, with ROE at 16.1% and ROCE at 21.2%.

What were GRINDWELL latest quarterly results?

For Jun 2026, GRINDWELL NORTON LIMITED (GRINDWELL) reported sales ₹794 Cr and net profit ₹116 Cr (figures in ₹ crore unless noted).

What are GRINDWELL annual sales and net profit?

For TTM, GRINDWELL NORTON LIMITED (GRINDWELL) shows sales of ₹3,126 Cr and net profit of ₹434 Cr on the Fincrux profit & loss statement.

Who owns GRINDWELL NORTON LIMITED (GRINDWELL)?

Latest shareholding for GRINDWELL NORTON LIMITED (GRINDWELL) on Fincrux: Promoters 58.04% (Sep 2026), FIIs 5.34% (Sep 2026), DIIs 19.66% (Sep 2026), Public 16.95% (Sep 2026), No. of Shareholders 44,141% (Sep 2026).

Where can I find GRINDWELL NORTON LIMITED (GRINDWELL) financials?

GRINDWELL NORTON LIMITED (GRINDWELL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GRINDWELL balance sheet and cash flow?

Yes. The GRINDWELL NORTON LIMITED (GRINDWELL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 16 October 2026 at 11:51