Grindwell Norton Share Price & Earnings Call Analysis

Financials of Grindwell Norton

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Grindwell Norton

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +665668667660691706694703710703775753842
Expenses +536534536532567572565579582574634614678
Operating Profit129135131128125133129123127130141139164
OPM %19%20%20%19%18%19%19%18%18%18%18%18%19%
Other Income +21152314171623182324311921
Interest2222222222222
Depreciation15171718202123232526262726
Profit before tax133130135122120125128116123126143128158
Tax %26%26%24%25%23%26%24%24%24%25%25%26%24%
Net Profit +98971029293939788939410796119
EPS in Rs8.968.769.208.328.368.418.697.848.368.539.658.6010.72

Financials of Grindwell Norton

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,1351,1511,2631,4311,5981,5801,6382,0132,5412,6872,8123,073
Expenses +9549661,0701,1831,3261,3151,3141,6122,0402,1672,2972,500
Operating Profit181184193248272265324400501520515574
OPM %16%16%15%17%17%17%20%20%20%19%18%19%
Other Income +172231263540515353677995
Interest322224348898
Depreciation4243424545585453607193105
Profit before tax154161180227260243317396486508492555
Tax %32%34%33%34%35%24%25%25%26%24%25%25%
Net Profit +104106121151169184238295362384371417
EPS in Rs9.329.5110.7813.5315.1016.4821.6026.7032.6934.6533.3037.54
Dividend Payout %35%34%37%37%40%46%44%45%44%49%51%51%

Financials of Grindwell Norton

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital282855555555555555555555
Reserves5887358389351,0431,1321,3091,5131,7502,0002,2002,479
Borrowings +15158000121551838461
Other Liabilities +309311309349347404485532549628716842
Total Liabilities9401,0891,2101,3391,4451,5921,8622,1162,4062,7663,0553,438
Fixed Assets +360350368342345385370386586756886887
CWIP714625432924671241282651
Investments35135145171183583713531642689892999
Other Assets +5385906908028755957551,1331,0541,1931,2511,500
Total Assets9401,0891,2101,3391,4451,5921,8622,1162,4062,7663,0553,438

Financials of Grindwell Norton

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +10613917013485318331187393368458542
Cash from Investing Activity +-30-38-40-41-54-442-230-54-251-184-215-315
Cash from Financing Activity +-46-1023-60-68-95-95-114-140-175-221-215
Net Cash Flow29-013332-37-220719192212
Free Cash Flow719911796182682836772199366424
CFO/OP87%102%119%83%65%146%126%72%103%97%111%119%

Financials of Grindwell Norton

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days424237454747454340494747
Inventory Days171190162159169155163184146148140123
Days Payable67621091149311615813488110122132
Cash Conversion Cycle145171899012387509298866639
Working Capital Days4156495474503651444737103
ROCE %25%22%20%23%23%20%23%26%28%25%21%23%

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