Earnings

Grindwell Norton consolidated net profit declines 3.93% in the June 2024 quarter

The abrasive products company reported 3.92% decline in consolidated net profit to Rs 93.18 crore in Q1 FY25 as against Rs 96.99 crore recorded in Q1 FY24.

Spotlight

Grindwell Norton Q1 PAT slips 4% YoY to Rs 93 cr

Upcoming results: Infosys, L&T Technology Services, Tata Communications, Central Bank of India, CIE Automotive India, Dalmia Bharat, Grindwell Norton, Havells India, JSW Infrastructure, Mastek, Newgen Software Technologies, Persistent Systems, Polycab India, Rallis India, Sagar Cements, Shoppers Stop, South Indian Bank, Sterling and Wilson Renewable Energy, Tanla Platforms, and Tata Technologies.

Stock Alert: LTIMindtree, L&T Finance, Asian Paints, Zee Entertainment Enterprises, Indian Oil Corporation

CIE Automotive India, Dalmia Bharat, Grindwell Norton, Havells India, and JSW Infra are among other companies that will announce their quarterly results today.

Q1 Results Today: Infosys, CEAT, L&T Technology Among 40+ Firms To Declare Earnings

Grindwell Norton Ltd.’s Q4 FY24 print stood soft with mid-single digit revenue growth and 130 basis points YoY compression in Ebitda margin leading to profit after tax declining 6% YoY. However, the segments driving growth saw role reversal in contrast with the last three quarters. Abrasives reven…

Grindwell Norton Q4 Results Review - Revenue, Margin Prime Suspects Of Net Profit Decline: ICICI Securities

Prabhudas Lilladher is bullish on Grindwell Norton has recommended buy rating on the stock with a target price of Rs 2604 in its research report dated November 06, 2023.

Buy Grindwell Norton; target of Rs 2604: Prabhudas Lilladher

Digital services revenue rose 26.7% YoY to Rs 463 million, at a 35.7% margin

Grindwell Norton Q2 Results Review - Reasonable Quarter; Long-Term Outlook Remains Intact: Prabhudas Lilladher

ICICI Securities recommended hold rating on Grindwell Norton with a target price of Rs 2330 in its research report dated August 16, 2023.

Hold Grindwell Norton; target of Rs 2330: ICICI Securities

Prabhudas Lilladher is bullish on Grindwell Norton has recommended buy rating on the stock with a target price of Rs 2604 in its research report dated August 14, 2023.

Grindwell Norto Standalone June 2023 Net Sales at Rs 660.09 crore, up 7.16% Y-o-Y

Grindwell Norto Standalone December 2022 Net Sales at Rs 554.77 crore, up 11.03% Y-o-Y

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Grindwell Norton Limited manufactures abrasives. The Company's segments include Abrasives, and Ceramics & Plastics.