| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 884 | 775 | +14.1% |
| EBITDA | 166 | 141 | +18.3% |
| EBITDA margin | 18.8% | 18.2% | +0.7 pts |
| Profit before tax | 177 | 143 | +23.7% |
| Net profit | 133 | 107 | +24.0% |
| EPS | ₹11.99 | ₹9.65 | +24.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 20,483 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 765 | 747 | 687 | 496 | 475 | ||
| 15.4 | 15.2 | 14.0 | 11.5 | 11.1 | ||
| 60.7 | 60.7 | 7.3 | 18.1 | 17.5 | ||
| 19,794 | — | — | — | — | ||
| 3,282 | 3,073 | 2,812 | 2,687 | 2,541 | ||
| — | +9.3% | +4.6% | +5.7% | — | ||
| 627 | 574 | 513 | 519 | 500 | ||
| 19.1% | 18.7% | 18.3% | 19.3% | 19.7% | ||
| 520 | 469 | 420 | 449 | 439 | ||
| 463 | 417 | 371 | 384 | 362 | ||
| 14.1% | 13.6% | 13.2% | 14.3% | 14.2% | ||
| ₹41.74 | ₹37.54 | ₹33.30 | ₹34.65 | ₹32.69 | ||
| — | +12.7% | −3.9% | +6.0% | — | ||
| — | 542 | 458 | 368 | 356 | ||
| — | −119 | −94.1 | −172 | −164 | ||
| 423 | 423 | 364 | 196 | 192 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 20,483.2 | |
| - Cash, Equiv & ST Investments | 474.8 | 496.4 | 687.1 | 746.8 | 765.4 | |
| + Minority Interest | 11.1 | 11.5 | 14.0 | 15.2 | 15.4 | |
| + Total Debt | 17.5 | 18.1 | 7.3 | 60.7 | 60.7 | |
| Enterprise Value | — | — | — | — | 19,793.9 | |
| Revenue | 2,541.3 | 2,686.8 | 2,811.6 | 3,073.2 | 3,282.0 | |
| Growth %, YoY | — | +5.7 | +4.6 | +9.3 | — | |
| EBITDA | 499.6 | 519.4 | 513.1 | 573.7 | 626.6 | |
| Margin % | 19.66 | 19.33 | 18.25 | 18.67 | 19.09 | |
| EBIT | 439.5 | 448.6 | 420.5 | 468.5 | 520.0 | |
| Net Income | 361.5 | 384.0 | 371.3 | 416.8 | 463.4 | |
| Margin % | 14.23 | 14.29 | 13.20 | 13.56 | 14.12 | |
| EPS, Adj (current shares) | 32.69 | 34.65 | 33.30 | 37.54 | 41.74 | |
| Growth %, YoY | — | +6.0 | -3.9 | +12.7 | — | |
| Cash from Operations | 355.7 | 367.9 | 458.5 | 542.1 | — | |
| Capital Expenditures | -163.7 | -172.4 | -94.1 | -118.9 | — | |
| Free Cash Flow | 192.0 | 195.6 | 364.4 | 423.2 | 423.2 | |
Prices at the previous close · figures from the company's filings with NSE
Grindwell Norton (NSE: GRINDWELL) had a market capitalisation of ₹20,483 crore at the previous close (₹1,850.00 a share), a PE ratio of 44.3 on the last four quarters' profit and a price-to-book ratio of 7.87. In FY26 its consolidated net profit was ₹416 crore on revenue of ₹3,073 crore; in Q2 FY27 (July–September 2026) it was ₹133 crore, up 24.2% year on year. Its debt-to-equity ratio was 0.02 on 30 September 2026. Promoters held 58.03% of the shares on 30 September 2026.
Grindwell Norton's PE ratio is 44.3 at the previous close (₹1,850.00 a share): a market capitalisation of ₹20,483 crore divided by consolidated net profit of ₹462 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹416 crore) it is 49.3.
No. Grindwell Norton had borrowings of ₹55.7 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹1,152 crore, so it held net cash of ₹1,096 crore.
Grindwell Norton's debt-to-equity ratio was 0.02 on 30 September 2026: borrowings of ₹55.7 crore against total equity of ₹2,618 crore. A year earlier, on 30 September 2025, it was 0.01.
Grindwell Norton's price-to-book (PB) ratio is 7.87 at the previous close: a market capitalisation of ₹20,483 crore divided by shareholders' equity (book value) of ₹2,602 crore on 30 September 2026. That is a book value of ₹235.02 per share against a share price of ₹1,850.00.
In FY26, Grindwell Norton's return on equity (ROE) was 17.4% and its return on capital employed (ROCE) was 18.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 17.1% and ROCE 18.2%.
Grindwell Norton's book value per share was ₹235.02 on 30 September 2026: shareholders' equity of ₹2,602 crore divided by the 11.07 crore shares in issue, up 14.0% from ₹206.09 a year earlier. The share price at the previous close was ₹1,850.00.
Grindwell Norton's market capitalisation was ₹20,483 crore at the previous close: 11.07 crore shares at ₹1,850.00 each.
Grindwell Norton's basic earnings per share (EPS) were ₹37.54 in FY26, against ₹33.30 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹41.75.
In 2026, Grindwell Norton has declared one dividend: ₹19 with record date 10 July 2026.
Grindwell Norton's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,602 crore on 30 September 2026, up 14.0% from ₹2,282 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹20,483 crore at the previous close.
In FY26, Grindwell Norton generated ₹542 crore of cash from operations and spent ₹119 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹423 crore. In FY25 it was ₹364 crore.
Grindwell Norton has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
Grindwell Norton's dividend yield is 1.03% at the previous close: dividends of ₹19 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,850.00. They were ₹19 on 10 July 2026.
Promoters held 58.03% of Grindwell Norton on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Grindwell Norton's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹133 crore, up 24.2% from ₹107 crore in Q2 FY26; revenue from operations ₹884 crore, up 14.1% year on year.
On 30 September 2026, Grindwell Norton's shares were held by promoters 58.03%, foreign portfolio investors (FII/FPI) 5.34%, domestic institutions (DII) 19.67% (including mutual funds at 18.57%) and retail and other non-institutional investors 16.96%. Over the year, FII holding was down 1.05 percentage points from 6.39% and DII holding was up 1.30 percentage points from 18.37%.
In FY26 (April 2025–March 2026), Grindwell Norton's consolidated net profit was ₹416 crore, up 12.7% from ₹369 crore in FY25, on revenue from operations of ₹3,073 crore (up 9.3%). Over three years, from FY23, net profit was up 14.9%.
On FY26 consolidated figures, against Wendt and NRB Industrial Bearings: Grindwell Norton's operating margin of 15.3% is the highest of the three (Wendt 7.3%, NRB Industrial Bearings −26.4%; peer average −9.5%); its revenue growth over three years of 6.5% a year is the highest of the three (Wendt 4.0% a year, NRB Industrial Bearings −2.2% a year; peer average 0.9% a year).
In FY26, Grindwell Norton earned net profit of ₹416 crore on revenue of ₹3,073 crore, against ₹14.6 crore on ₹236 crore for Wendt. Grindwell Norton's operating margin was 15.3% (Wendt 7.3%) and its return on equity 17.4% (Wendt 5.9%).
From Grindwell Norton's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.