profit from every ₹100 of sales.
₹0₹100
Grindwell Norton
₹1,923.40+0.50% today
+23.4% in 1 year
1-year low ₹1,353.101-year high ₹2,382.30
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹51.23 for every ₹1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Grindwell Norton sold, what it kept, and what it did with the cash.
Sales went from ₹25.3 billion in 2023 to ₹30.6 billion in 2026, with ₹4.16 billion of profit last year.
SalesProfit
Grindwell Norton handed back 44% of the cash it generated last year.
₹1.9B
Free cash flow 2026₹4.2B
Bought back its own shares–
Paid as dividends₹1.9B
Cash vs. debt₹787M vs. ₹607M
Grindwell Norton vs. similar companies
Grindwell Norton grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Grindwell Norton | 51.2× · Expensive | ||
 Trane Technologies | 31.3× · Expensive | ||
 Johnson Controls International | 29.6× · Fair price | ||
 Carrier Global | 29.9× · Fair price | ||
 Daikin Industries,Ltd. | 24.7× · Fair price |
AI analysis
An AI analyst reads Grindwell Norton's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 25,252 | 26,686 | 27,989 | 30,604 | |
| 12,714 | 13,642 | 15,229 | 16,355 | |
| 4,516 | 4,501 | 4,205 | 4,685 | |
| 5,538 | 5,870 | 5,940 | 6,687 | |
| 3,619 | 3,836 | 3,687 | 4,157 | |
| 32.69 | 34.65 | 33.30 | 37.54 | |
| 50.3% | 51.1% | 54.4% | 53.4% | |
| 17.9% | 16.9% | 15.0% | 15.3% | |
| 14.3% | 14.4% | 13.2% | 13.6% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 24,099 | 27,696 | 30,568 | 34,379 |
| Cash | 396 | 491 | 713 | 787 |
| Total debt | 514 | 826 | 835 | 607 |
| Total liabilities | 5,930 | 7,028 | 7,872 | 8,879 |
| 18,058 | 20,553 | 22,555 | 25,348 | |
| 111 | 111 | 111 | 111 | |
| 19.9% | 18.1% | 16.1% | 16.3% | |
| 20.0% | 18.7% | 16.3% | 16.4% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 3,926 | 3,679 | 4,585 | 5,421 | |
| 3,216 | 1,724 | 941 | 1,189 | |
| 710 | 1,956 | 3,644 | 4,232 | |
| Dividends paid | 1,329 | 1,605 | 1,882 | 1,882 |
| – | – | – | – | |
| 14 | 16 | 21 | 35 |
Valuation
- 51.2×
- –
- 10.86
- 8.3×
- 7.0×
- 50.3×
- 31.8×
- 2.0%
- 2.0%
- 0.9%
Profitability
- 53.4%
- 15.3%
- 13.6%
- –
- 16.3%
- 17.6%
- –
- –
- –
- –
Growth
- +6.6%
- +4.7%
- –
- –
- +0.0%
Financial health
- -0.0×
- 0.02
- –
- 69.0×
- 2.81
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 13%of 983
Top 21%of 991
Bottom 13%of 880
Bottom 48%of 990
Bottom 33%of 988
0.9%of the share price, paid each year
On $1,000 invested$9a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
45.3% of its profit
Room to growStretchedMore than it earns: 44.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
68Pass
Benjamin Graham
51No pass
Philip Fisher
53No pass
Peter Lynch
32No pass
Joel Greenblatt
19No pass
Charlie Munger
65Pass
Terry Smith
58No pass
Questions about Grindwell Norton
Is Grindwell Norton a good stock to buy?
A solid business, but the price is high. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Grindwell Norton AI analysis
What does Grindwell Norton do?
Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through Abrasives, Ceramics & Plastics, Digital Services, and Others segments. It is in Building Products & Equipment, based in Mumbai, India.
Does Grindwell Norton pay a dividend?
Yes. At today's price the dividend is 0.9% a year, about 45% of its yearly profit. In 2026 it paid out ₹1.88 billion in dividends.
Is Grindwell Norton stock halal?
Yes. Grindwell Norton passes our halal screen: its business is permitted and its debt is 0.3% of its market value, under the 30% limit. How we check
How has Grindwell Norton stock done over the past year?
Up 23.4% over the past twelve months, to ₹1,923.40. It traded between ₹1,353.10 and ₹2,382.30 and is 19.3% below its high.
Who are Grindwell Norton's competitors?
The largest listed companies in the same industry are Trane Technologies, Johnson Controls International, Carrier Global and Daikin Industries,Ltd.. The peers table on this page compares their profit, growth and price with Grindwell Norton's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.