Grindwell Norton balance sheet

As of Sep 2026

Total assets: ₹3,567cr+13.5% on Sep 2025
Shareholders' equity: ₹2,618cr+14.0% on Sep 2025
Total debt: ₹55.7cr+377.0% on Sep 2025
Cash and investments: ₹765cr+11.5% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	775	795	792	582	440
	48.0	51.2	25.4	127	124
	0.0	0.0	0.0	80.0	50.9
	46.8	46.8	46.8	46.8	46.8
	44.3	44.8	46.7	46.7	47.6
	0.4	0.5	0.6	0.3	0.7
	16.7	15.7	15.6	14.7	8.5
	345	315	260	227	198
	15.6	17.3	12.9	7.8	6.3
	28.1	28.8	21.0	29.1	50.2
	389	361	294	264	255
	2.3	2.1	2.2	4.0	5.9
	10.3	8.1	22.9	29.8	54.2
	1,332	1,326	1,246	1,196	1,033
	562	481	490	488	464
	657	668	616	447	435
	421	397	362	357	280
	108	78.7	71.3	49.1	39.6
	386	411	193	164	99.4
	2.9	29.8	1.6	1.5	1.1
	49.5	45.8	26.3	21.5	9.2
	1,625	1,631	1,271	1,041	865
	47.3	—	41.2	44.9	49.8
	2,234	2,112	1,810	1,573	1,379
	3,567	3,438	3,057	2,770	2,412
Equity
	55.4	55.4	55.4	55.4	55.4
	2,547	2,479	2,200	2,000	1,750
	2,602	2,535	2,255	2,055	1,806
	15.4	15.2	14.0	11.5	11.1
	2,618	2,550	2,270	2,067	1,817
Liabilities
	33.6	41.4	1.0	6.4	4.0
	—	—	59.7	54.1	25.5
	33.6	41.4	60.7	60.5	29.5
	50.5	47.7	50.2	49.6	33.6
	44.3	42.4	36.4	22.1	15.7
	3.7	3.9	4.2	0.3	0.4
	132	135	151	133	79.3
	22.2	19.3	6.3	11.7	13.6
	564	514	425	362	299
	121	108	114	105	99.4
	707	642	546	479	412
	41.0	36.1	28.7	35.1	24.6
	30.1	10.8	9.8	7.9	25.1
	38.7	64.1	51.7	48.0	54.2
	817	753	636	570	516
	949	888	787	703	595
	3,567	3,438	3,057	2,770	2,412
Assets — additional as-filed lines
	—	—	8.5	0.0	0.0
Trade payables — MSME split
	36.2	32.7	14.9	—	—
	527	482	410	—	—

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

alphave

GRINDWELL₹1,955.20

Grindwell Norton Limited

· Capital Goods & Defence

₹ CrorePeersWENDT NIBLMcap ₹21,648 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	440.5	582.2	792.2	795.2	775.3
+ Capital Work-in-Progress	123.5	127.5	25.4	51.2	48.0
+ Investment Property	50.9	80.0	0.0	0.0	0.0
+ Goodwill	46.8	46.8	46.8	46.8	46.8
+ Other Intangibles	47.6	46.7	46.7	44.8	44.3
+ Intangibles under Development	0.7	0.3	0.6	0.5	0.4
+ Investments (Equity Method)	8.5	14.7	15.6	15.7	16.7
+ Non-current Investments	198.3	227.4	260.0	315.3	344.8
+ Long-term Loans	6.3	7.8	12.9	17.3	15.6
+ Other Non-current Financial Assets	50.2	29.1	21.0	28.8	28.1
Non-current Financial Assets	254.8	264.3	293.9	361.4	388.5
+ Deferred Tax Assets	5.9	4.0	2.2	2.1	2.3
+ Other Non-current Assets	54.2	29.8	22.9	8.1	10.3
Total Non-current Assets	1,033.3	1,196.3	1,246.4	1,325.7	1,332.5
Current Assets
+ Inventories	463.9	487.6	489.9	481.5	561.6
+ Current Investments	435.2	447.3	615.9	668.1	656.9
+ Trade Receivables	280.2	357.5	362.4	396.8	420.9
+ Cash & Cash Equivalents	39.6	49.1	71.3	78.7	108.5
+ Other Bank Balances	99.4	163.9	193.4	411.4	386.5
+ Short-term Loans	1.1	1.5	1.6	29.8	2.9
+ Other Current Financial Assets	9.2	21.5	26.3	45.8	49.5
Current Financial Assets	864.7	1,040.8	1,270.9	1,630.6	1,625.2
+ Other Current Assets	49.8	44.9	41.2	—	47.3
Total Current Assets	1,378.5	1,573.3	1,810.4	2,112.1	2,234.1
Total Assets	2,411.8	2,769.6	3,056.8	3,437.9	3,566.6
Equity
+ Equity Share Capital	55.4	55.4	55.4	55.4	55.4
+ Other Equity / Reserves	1,750.5	1,999.9	2,200.1	2,479.4	2,546.8
Equity — Owners of Parent	1,805.8	2,055.3	2,255.5	2,534.8	2,602.1
+ Minority Interest	11.1	11.5	14.0	15.2	15.4
Total Equity	1,816.9	2,066.8	2,269.5	2,549.9	2,617.6
Liabilities
+ Borrowings — Non-current	4.0	6.4	1.0	41.4	33.6
+ Other Non-current Financial Liab	25.5	54.1	59.7	—	—
Non-current Financial Liabilities	29.5	60.5	60.7	41.4	33.6
+ Provisions — Non-current	33.6	49.6	50.2	47.7	50.5
+ Deferred Tax Liabilities	15.7	22.1	36.4	42.4	44.3
+ Other Non-current Liabilities	0.4	0.3	4.2	3.9	3.7
Non-current Liabilities	79.3	132.5	151.5	135.3	132.0
+ Borrowings — Current	13.6	11.7	6.3	19.3	22.2
+ Trade Payables	298.8	362.4	425.3	514.3	563.5
+ Other Current Financial Liab	99.4	105.3	114.0	107.9	121.4
Current Financial Liabilities	411.8	479.3	545.6	641.6	707.1
+ Provisions — Current	24.6	35.1	28.7	36.1	41.0
+ Current Tax Liabilities	25.1	7.9	9.8	10.8	30.1
+ Other Current Liabilities	54.2	48.0	51.7	64.1	38.7
Current Liabilities	515.7	570.3	635.8	752.6	816.9
Total Liabilities	594.9	702.8	787.2	887.9	949.0
Total Equity & Liabilities	2,411.8	2,769.6	3,056.8	3,437.9	3,566.6
Assets — additional as-filed lines
+ Current Tax Assets	0.0	0.0	8.5	—	—
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	14.9	32.7	36.2
+ Dues to Other Creditors — Current	—	—	410.4	481.6	527.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.