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Grindwell Norton Limited

GRINDWELL | NSE

2,448.15

INR

-3.45

-0.14%

GRINDWELL | NSE

About Grindwell Norton Limited

Sector

Industrials

Industry

Building Products & Equipment

Earnings date

31/03/2024

As of date

18/10/2024

Close

2,448.15

Open

2,415.00

High

2,466.80

Low

2,410.20

Grindwell Norton Limited manufactures and sells abrasives ceramics and plastic products in India. The company offers bonded abrasives in the form of wheels and other shapes such as segments sticks etc. for various applications including lapping honing super-finishing thread grinding fluting OD grinding ID grinding and surface grinding as well as for rough applications comprising snagging cutting-off burr removal and weld preparation. It also provides coated abrasives products in various shapes such as discs belts wheels and sheets and rolls for material removal and surface preparation; non-woven abrasives; super abrasives for precision applications including diamond and cubic boron nitride; 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 and refractories as well as for stone polishing; and performance ceramics and refractories for use in sanitary-ware table-ware ballistic armor protection wear resistance systems etc. Further it produces and markets performance plastics comprising bearings seals tubing and hoses films fabrics and foams for use in the automotive oil and gas life sciences construction energy and general industrial applications. The company also exports its products. The company was founded in 1941 and is based in Mumbai India. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain.

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GRINDWELL | NSE

Risk
19.0
Sharpe
0.40
Luna's Score
58/100
Recommendation
Hold

Luna says (GRINDWELL | NSE)

What's Working

Positive Momentum

Low 6-Month Volatility (<30%)

Low Market Beta (-0.4 to 0.8)

Low Debt to Equity (< 0.25)

Low Debt to Asset (< 0.2)

What's not Working

Weakness based on declining price with high volume

High Short-term Volatility

High Current Volume and Negative 1-Day Return

Midcap (2B - 10B USD)

Rich in Valuation (Price to Book > 8)

Volatility Signals

Bearish: Increased Volatility (6-month > 1-month volatility)

Risk Meter

10 days

24.5%

1 month

19.0%

3 months

23.9%

6 months

30.0%

Returns

Fundamental Ratios

PE

71.33

Fwd. PE

-

Price to book

13.21

Debt to equity

0.04

Debt to assets

0.03

Ent. to EBITDA

45.25

Ent. to rev.

9.81

PEG

-

Other Fundamentals

EBITDA

4.99B

MarketCap

271.06B

MarketCap(USD)

3.27B

Div. yield

0.69

Op. margin

15.83

Erngs. growth

-3.90

Rev. growth

5.60

Ret. on equity

19.77

Short ratio

-

Short perc.

-

Market Sentiment (SMA and Price signals)

Short-term: Bullish (SMA10D > SMA1M)

Intermediate-term: Bearish (SMA1M < SMA3M)

Long-term: Bullish (SMA6M > SMA12M)

SMAs: Stock Price Trends

Range10D

274.85

Range1M

306.80

Range3M

462.10

Volumes: Market Activity

Rel. volume

2.42

Price X volume

399.26M

Peers

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Sundram Fasteners LimitedSUNDRMFASTAuto Parts1395.45296.06B-1.60%55.5518.90%
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JBM Auto LimitedJBMAAuto Parts1710.5202.36B0.33%111.14182.14%
CIE Automotive India LimitedCIEINDIAAuto Parts533.15202.33B0.81%24.947.76%
Finolex Industries LimitedFINPIPEBuilding Products & Equipment326.05201.60B4.37%22.476.99%
Asahi India Glass LimitedASAHIINDIAAuto Parts713.95173.69B0.26%57.4883.60%
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  • 1

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  • 1

Industry Comparison

ParameterCompanyIndustryIndicator
Enterprise to EBITDA45.2523.61Expensive
Ent. to Revenue9.813.45Expensive
PE Ratio71.3348.29Expensive
Price to Book13.215.36Expensive
Dividend Yield0.690.61Par
Std. Deviation (3M)23.9445.59Lower Risk
Debt to Equity0.040.47Cheaper
Debt to Assets0.030.21Cheaper
Market Cap271.06B82.00BMarket Leader
  • 1

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