Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Grindwell Norton
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 665 | 668 | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 |
| Expenses + | 536 | 534 | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 |
| Operating Profit | 129 | 135 | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 |
| OPM % | 19% | 20% | 20% | 19% | 18% | 19% | 19% | 18% | 18% | 18% | 18% | 18% | 19% |
| Other Income + | 21 | 15 | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 15 | 17 | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 |
| Profit before tax | 133 | 130 | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 |
| Tax % | 26% | 26% | 24% | 25% | 23% | 26% | 24% | 24% | 24% | 25% | 25% | 26% | 24% |
| Net Profit + | 98 | 97 | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 |
| EPS in Rs | 8.96 | 8.76 | 9.20 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.60 | 10.72 |
Financials of Grindwell Norton
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Expenses + | 954 | 966 | 1,070 | 1,183 | 1,326 | 1,315 | 1,314 | 1,612 | 2,040 | 2,167 | 2,297 | 2,500 |
| Operating Profit | 181 | 184 | 193 | 248 | 272 | 265 | 324 | 400 | 501 | 520 | 515 | 574 |
| OPM % | 16% | 16% | 15% | 17% | 17% | 17% | 20% | 20% | 20% | 19% | 18% | 19% |
| Other Income + | 17 | 22 | 31 | 26 | 35 | 40 | 51 | 53 | 53 | 67 | 79 | 95 |
| Interest | 3 | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 8 |
| Depreciation | 42 | 43 | 42 | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 105 |
| Profit before tax | 154 | 161 | 180 | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 555 |
| Tax % | 32% | 34% | 33% | 34% | 35% | 24% | 25% | 25% | 26% | 24% | 25% | 25% |
| Net Profit + | 104 | 106 | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 |
| EPS in Rs | 9.32 | 9.51 | 10.78 | 13.53 | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 | 34.65 | 33.30 | 37.54 |
| Dividend Payout % | 35% | 34% | 37% | 37% | 40% | 46% | 44% | 45% | 44% | 49% | 51% | 51% |
Financials of Grindwell Norton
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| 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 | 842 |
| Total Liabilities | 940 | 1,089 | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,438 |
| 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 | 51 |
| 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 | 1,500 |
| Total Assets | 940 | 1,089 | 1,210 | 1,339 | 1,445 | 1,592 | 1,862 | 2,116 | 2,406 | 2,766 | 3,055 | 3,438 |
Financials of Grindwell Norton
Operating, investing and financing cash movement
| 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 | -215 | -315 |
| 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 | 22 | 12 |
| Free Cash Flow | 71 | 99 | 117 | 96 | 18 | 268 | 283 | 67 | 72 | 199 | 366 | 424 |
| CFO/OP | 87% | 102% | 119% | 83% | 65% | 146% | 126% | 72% | 103% | 97% | 111% | 119% |
Financials of Grindwell Norton
Working capital efficiency and return ratios
| 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 | 42 | 42 | 37 | 45 | 47 | 47 | 45 | 43 | 40 | 49 | 47 | 47 |
| Inventory Days | 171 | 190 | 162 | 159 | 169 | 155 | 163 | 184 | 146 | 148 | 140 | 123 |
| Days Payable | 67 | 62 | 109 | 114 | 93 | 116 | 158 | 134 | 88 | 110 | 122 | 132 |
| Cash Conversion Cycle | 145 | 171 | 89 | 90 | 123 | 87 | 50 | 92 | 98 | 86 | 66 | 39 |
| Working Capital Days | 41 | 56 | 49 | 54 | 74 | 50 | 36 | 51 | 44 | 47 | 37 | 103 |
| ROCE % | 25% | 22% | 20% | 23% | 23% | 20% | 23% | 26% | 28% | 25% | 21% | 23% |
PAT growth seen with recent quarters growing by ~85% YoY, indicating strong earnings momentum. Key concall takeaways from Rathi Steel & Power Ltd's Q1 FY27…
SKP is steadily increasing capacity from about 80-100 tons earlier to around 1,800 tons now, operating at ~80% utilization (Page 20). Key concall takeaways…
Q1 FY27 showed strong profitability with EBITDA margin improving to 16.29% and net profit margin to 9.18%. Key concall takeaways from Mitsu Chem Plast Ltd's Q1…
Current capacity expansion planned for 300-350 crores revenue, further growth through organic or inorganic expansion. Key concall takeaways from Simplex…