View moreGrindwell Norton Ltd
GRINDWELL
2,067.0010.05 (+0.49%)
Investment Checklist
BasicPro
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Not a good time to invest, stock is in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Grindwell Norton Ltd
GRINDWELL
IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹22,774 cr, stock is ranked 216
Moderate RiskStock is 2.07x as volatile as Nifty
2,067.0010.05 (+0.49%)
Price Chart
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Investment Checklist
BasicPro
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is more than the intrinsic value
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Not a good time to invest, stock is in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
IndustrialsIndustrial Machinery
MidcapWith a market cap of ₹22,774 cr, stock is ranked 216
Moderate RiskStock is 2.07x as volatile as Nifty
Key MetricsEdit
PE RatioPE Ratio
77.03
PB RatioPB Ratio
14.41
Dividend YieldDiv. Yield
0.58%
Sector PESector PE
50.98
Sector PBSector PB
5.17
Sector Div YldSctr Div Yld
0.60%
Forecast & RatingsDetailed Forecast
57%
Analysts have suggested that investors can buy this stock
Company Profile
Grindwell Norton Limited manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics.
Brands
Brands
PeersCompare with peers
Cummins India Ltd
PE Ratio
37.01
1Y Return
22.27%
Buy Reco %
60.00
Thermax Limited
PE Ratio
77.33
1Y Return
54.07%
Buy Reco %
34.62
AIA Engineering Ltd
PE Ratio
38.11
1Y Return
25.76%
Buy Reco %
66.67
SKF India Ltd
PE Ratio
57.79
1Y Return
66.60%
Buy Reco %
62.50
Timken India Ltd
PE Ratio
68.66
1Y Return
91.65%
Buy Reco %
80.00
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Financial TrendFinancial statements
Revenue
Profit
All values in ₹ Thousand cr.
Holdings TrendDetailed holdings
Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter HoldingLower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
Mutual Fund HoldingIncreasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Recent NewsAll news
Grindwell Norton - Multiple Triggers In Place: HDFC Securities
1 week ago•Bloomberg Quint
Buy Grindwell Norton, target price Rs 2260: Axis Securities
2 weeks ago•Economic Times
Grindwell Norton Q1 Review - Strong Performance Led By Ceramics: ICICI Securities
2 weeks ago•Bloomberg Quint
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is more than the intrinsic value