Grindwell Norton financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹884cr+14.1% on Q2 FY26
Net profit
₹133cr+24.0% on Q2 FY26
EBITDA margin
18.8%+0.7 pts on Q2 FY26
EPS
₹11.99+24.2% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue884775+14.1%
EBITDA166141+18.3%
EBITDA margin18.8%18.2%+0.7 pts
Profit before tax177143+23.7%
Net profit133107+24.0%
EPS₹11.99₹9.65+24.2%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹884 crNet profit₹133 crNet margin15.1%

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.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
20,483————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
765747687496475
15.415.214.011.511.1
60.760.77.318.117.5
19,794————
3,2823,0732,8122,6872,541
—+9.3%+4.6%+5.7%—
627574513519500
19.1%18.7%18.3%19.3%19.7%
520469420449439
463417371384362
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%—
—542458368356
—−119−94.1−172−164
423423364196192
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

GRINDWELL₹1,850.00

Grindwell Norton Limited

· Capital Goods & Defence
₹ CrorePeersWENDTNIBLMcap ₹20,483 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
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 Investments474.8496.4687.1746.8765.4
+ Minority Interest11.111.514.015.215.4
+ Total Debt17.518.17.360.760.7
Enterprise Value————19,793.9
Revenue2,541.32,686.82,811.63,073.23,282.0
Growth %, YoY—+5.7+4.6+9.3—
EBITDA499.6519.4513.1573.7626.6
Margin %19.6619.3318.2518.6719.09
EBIT439.5448.6420.5468.5520.0
Net Income361.5384.0371.3416.8463.4
Margin %14.2314.2913.2013.5614.12
EPS, Adj (current shares)32.6934.6533.3037.5441.74
Growth %, YoY—+6.0-3.9+12.7—
Cash from Operations355.7367.9458.5542.1—
Capital Expenditures-163.7-172.4-94.1-118.9—
Free Cash Flow192.0195.6364.4423.2423.2
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Grindwell Norton financials and key ratios

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.

Share price used
₹1,850.00 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Grindwell Norton at a glance · consolidated

Market cap
₹20,483 Crat ₹1,850.00 · previous close
PE ratio (last 4 quarters)
44.349.3 on FY26 profit
Price to book (PB)
7.87book value ₹235.02 a share
ROE (FY26)
17.4%+0.2 pts vs FY25ROCE 18.4%
Debt to equity
0.02net cash ₹1,096 Cr
Promoter holding
58.03%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.03%₹19 a share in 12 months
Net worth
₹2,602 Cr+14.0% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹423 Cr+16.1% vs FY25

Questions

What is the Grindwell Norton PE ratio today?

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.

Is Grindwell Norton debt free?

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.

What is the Grindwell Norton debt to equity ratio?

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.

What is the Grindwell Norton PB ratio (price to book value)?

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.

What is the Grindwell Norton ROE and ROCE?

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%.

What is the Grindwell Norton book value per share?

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.

What is the Grindwell Norton market cap?

Grindwell Norton's market capitalisation was ₹20,483 crore at the previous close: 11.07 crore shares at ₹1,850.00 each.

What is the Grindwell Norton EPS?

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.

What is the Grindwell Norton dividend in 2026 and its record date?

In 2026, Grindwell Norton has declared one dividend: ₹19 with record date 10 July 2026.

What is the Grindwell Norton net worth?

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.

What is the Grindwell Norton free cash flow?

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.

When are the Grindwell Norton next results?

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.

What is the Grindwell Norton dividend yield?

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.

What is the Grindwell Norton promoter holding?

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.

What are the Grindwell Norton latest quarterly results?

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.

What is the Grindwell Norton shareholding pattern?

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%.

What is the Grindwell Norton revenue and profit in FY26?

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%.

How does Grindwell Norton compare with its peers?

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).

Grindwell Norton vs Wendt: how do they compare?

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%).

Where do these Grindwell Norton figures come from?

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.