GRINDWELL
506076Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached the intimation of Analyst/Institutional Investor Meeting
Grindwell Norton Ltd (GNL), established in 1941, is a leading Indian manufacturer of abrasives, ceramics, and advanced materials. Part of the Saint-Gobain Group, a global leader in construction materials, GNL plays a pivotal role in supplying solutions for industry segments such as automotive, construction, mining, steel, electronics, and energy. The company is known for research-led product innovation and operates its main businesses across Abrasives, Ceramics, Performance Plastics, and Silicon Carbide.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached the intimation of Analyst/Institutional Investor Meeting
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached the intimation of Analyst/Institutional Investor Meeting
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached the intimation of Analyst/Institutional Investor Meeting
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached the intimation of the Analyst/Institutional Investor Meeting
Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find attached the Newspaper Advertisements regarding Special Window for transfer requests and dematerialisation of physical shares
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find attached the ESG Rating from Crisil ESG Rating and Analytics Limited
Grindwell Norton Ltd
About
Grindwell Norton Ltd (GNL), established in 1941, is a leading Indian manufacturer of abrasives, ceramics, and advanced materials. Part of the Saint-Gobain Group, a global leader in construction materials, GNL plays a pivotal role in supplying solutions for industry segments such as automotive, construction, mining, steel, electronics, and energy. The company is known for research-led product innovation and operates its main businesses across Abrasives, Ceramics, Performance Plastics, and Silicon Carbide.
With a robust manufacturing footprint across India, Grindwell Norton has state-of-the-art plants and an extensive distribution network, enabling deep market penetration both domestically and in export markets. Its products are recognized for quality and durability, serving a diverse base of industrial customers as well as select retail segments.
Business Model & Strategy
Grindwell Norton Ltd derives revenue from the manufacture and sale of abrasives, ceramics & plastics, and other advanced materials, which are supplied to a wide range of end-use industries. The company emphasizes operational efficiency, R&D investments, and customer-centric solutions to sustain product leadership and solid pricing power. Exports form a significant part of its revenues, with continuous expansion in overseas markets, driven by Saint-Gobain’s global reach.
Growth levers include increasing share of value-added and specialized products, penetration into sunrise sectors such as renewables and electronics, and expansion via greenfield and brownfield investments. The company has also implemented digitalization and Lean manufacturing practices to enhance productivity and profitability.
Management Overview
11 MembersMr.SUBODH SATCHITANAND NADKARNI
Non-Executive - Independent Director-ChairpersonMs.ARCHANA NIRANJAN HINGORANI
Non-Executive - Independent DirectorMr.SREEDHAR NATARAJAN
Non-Executive - Nominee DirectorMr.VENUGOPAL RAMNATH SHANBHAG
Executive Director-MDMr.DAVID ERIC MOLHO
Non-Executive - Non Independent DirectorMr.AAKIL MAHAJAN
Non-Executive - Non Independent DirectorMr.KAUSTUBH GOVIND SHUKLA
Non-Executive - Independent DirectorMr.HARI SINGUDASU
Executive DirectorMs.STEPHANIE BILLET
Non-Executive - Non Independent DirectorMr.Prakash Sabarad
Chief Financial OfficerMr.KVisweswaran
Company Secretary & Compliance OfficerAwards & Recognition
5 Awards- Recognized as an ESG Responsible Company in Saint-Gobain Group global rankings (2024)
- Consistent ‘Best Employer’ accolades by Saint-Gobain Asia-Pacific (2023, 2024)
- Received 'Great Place to Work' Certification (2023-2024)
- Award for Excellence in Quality at the India Manufacturing Excellence Awards (IMEA) 2024
- Regular inclusion in India’s Most Trusted Brands (Abrasives and Industrial Materials segment)
Market Information
This stock in not included in any Index
Company Timeline
83+ Years of Excellence | 9 Major Milestones
Grindwell Norton Ltd founded in India.
Commenced commercial production of abrasives in Mumbai.
Listed on the Bombay Stock Exchange (BSE).
Saint-Gobain acquires controlling stake in GNL.
Expansion into ceramics and advanced materials.
Commissioning of new ceramics plant in Gujarat.
Launched Performance Plastics division.
Expansion of silicon carbide production capacity at Tirupati plant.
Recognized for ESG and sustainable manufacturing initiatives.
The Next Evolution
Contact Information
Registered Office
5th Level, Leela Business Park, Andheri-Kurla Road, Marol, Andheri East
Tel: 022-40212121,
Fax: 022-40212102,
Email: sharecmpt.gno@saint-gobain.com
Website: grindwellnorton.co.in
Corporate Actions
13| Purpose | Ex Date | Record Date | BC Start | BC End |
|---|---|---|---|---|
Dividend ₹19 per share | 10 Jul 2026 Friday | 10 Jul 2026 Friday | - | - |
Final Dividend ₹17 per share | 15 Jul 2025 Tuesday | 15 Jul 2025 Tuesday | - | - |
Final Dividend ₹17 per share | 09 Jul 2024 Tuesday | - | 10 Jul 2024 Wednesday | 18 Jul 2024 Thursday |
Final Dividend ₹14.50 per share | 04 Aug 2023 Friday | - | 05 Aug 2023 Saturday | 14 Aug 2023 Monday |
Dividend ₹12 per share | 19 Jul 2022 Tuesday | - | 21 Jul 2022 Thursday | 29 Jul 2022 Friday |
Dividend ₹9.50 per share | 19 Jul 2021 Monday | - | 22 Jul 2021 Thursday | 28 Jul 2021 Wednesday |
Dividend ₹7.50 per share | 16 Jul 2020 Thursday | - | 18 Jul 2020 Saturday | 24 Jul 2020 Friday |
Dividend ₹6 per share | 17 Jul 2019 Wednesday | - | 19 Jul 2019 Friday | 25 Jul 2019 Thursday |
Dividend ₹5 per share | 18 Jul 2018 Wednesday | - | 20 Jul 2018 Friday | 26 Jul 2018 Thursday |
Dividend ₹4 per share | 17 Jul 2017 Monday | - | 19 Jul 2017 Wednesday | 26 Jul 2017 Wednesday |
Bonus issue 1:1 | 14 Jul 2016 Thursday | 15 Jul 2016 Friday | - | - |
Interim Dividend ₹6.50 per share | 22 Mar 2016 Tuesday | 24 Mar 2016 Thursday | - | - |
Dividend ₹6.50 per share | 24 Jul 2015 Friday | - | 28 Jul 2015 Tuesday | 04 Aug 2015 Tuesday |
₹22,033 Cr.
₹1,984
₹2,455 / 1,329
49.15
₹230.3
8.64
₹40.49
₹5.00
0.95 %
Manage Ratio
FINANCIALS
| Annual Results | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | 1,633 | 1,620 | 1,689 | 2,066 | 2,597 | 2,755 | 2,891 | 3,168 | 3,269 |
| Expenses | - | - | - | 1,373 | 1,377 | 1,372 | 1,669 | 2,110 | 2,246 | 2,400 | 2,613 | 2,685 |
| Profit | - | - | - | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
| Tax | - | - | - | 92 | 59 | 79 | 101 | 124 | 124 | 121 | 139 | 146 |
| EPS | - | - | - | 15 | 16 | 22 | 27 | 33 | 35 | 33 | 38 | 10.43 |
| Ratios | - |
Cash Flow
Consolidated Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 1,449 | 1,595 | 1,865 | 2,113 | 2,412 | 2,770 | 3,057 | 3,438 | - |
| Equity And Liabilities | - | - | - | 1,449 | 1,595 | 1,865 | 2,113 | 2,412 | 2,770 | 3,057 | 3,438 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Mar 2016 12 Apr '16 | Mar 2017 31 Mar '17 | Mar 2018 31 Mar '18 | Mar 2019 11 Apr '19 | Mar 2020 23 Apr '20 | Mar 2021 12 Apr '21 | Mar 2022 12 May '22 | Mar 2023 11 Apr '23 | Mar 2024 17 Apr '24 | Mar 2025 11 Apr '25 | Mar 2026 07 Apr '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | - | - | - | - | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | 58.33% | 58.32% | 58.32% | 58.08% | 58.03% | 58.03% | 58.03% | 58.03% | - |
| Non Institutions | - | - | - | 21.94% | 21.11% | 21.31% | 19.18% | 18.37% | 17.76% | 16.88% | 17.23% | - |
| FII | - | - | - | - | - | - | - | 8.27% | 8.31% | 6.75% | 5.56% | - |
| DII | - | - | - | - | - | - | - | 15.33% | 15.90% | 18.34% | 19.18% | - |
| Total | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
Grindwell Norton Ltd
Grindwell Norton Ltd
Grindwell Norton Ltd (GNL), established in 1941, is a leading Indian manufacturer of abrasives, ceramics, and advanced materials. Part of the Saint-Gobain Group, a global leader in construction materials, GNL plays a pivotal role in supplying solutions for industry segments such as automotive, construction, mining, steel, electronics, and energy. The company is known for research-led product innovation and operates its main businesses across Abrasives, Ceramics, Performance Plastics, and Silicon Carbide.
With a robust manufacturing footprint across India, Grindwell Norton has state-of-the-art plants and an extensive distribution network, enabling deep market penetration both domestically and in export markets. Its products are recognized for quality and durability, serving a diverse base of industrial customers as well as select retail segments.
Grindwell Norton Ltd derives revenue from the manufacture and sale of abrasives, ceramics & plastics, and other advanced materials, which are supplied to a wide range of end-use industries. The company emphasizes operational efficiency, R&D investments, and customer-centric solutions to sustain product leadership and solid pricing power. Exports form a significant part of its revenues, with continuous expansion in overseas markets, driven by Saint-Gobain’s global reach.
Growth levers include increasing share of value-added and specialized products, penetration into sunrise sectors such as renewables and electronics, and expansion via greenfield and brownfield investments. The company has also implemented digitalization and Lean manufacturing practices to enhance productivity and profitability.
Recognized as an ESG Responsible Company in Saint-Gobain Group global rankings (2024)
Consistent ‘Best Employer’ accolades by Saint-Gobain Asia-Pacific (2023, 2024)
Received 'Great Place to Work' Certification (2023-2024)
Award for Excellence in Quality at the India Manufacturing Excellence Awards (IMEA) 2024
Regular inclusion in India’s Most Trusted Brands (Abrasives and Industrial Materials segment)
This stock in not included in any Index
Grindwell Norton Ltd founded in India.
Commenced commercial production of abrasives in Mumbai.
Listed on the Bombay Stock Exchange (BSE).
Saint-Gobain acquires controlling stake in GNL.
Expansion into ceramics and advanced materials.
Commissioning of new ceramics plant in Gujarat.
Launched Performance Plastics division.
Expansion of silicon carbide production capacity at Tirupati plant.
Recognized for ESG and sustainable manufacturing initiatives.
Peer Comparison
| S.No. | Company Name | CMP (₹) | Market Cap (₹ Cr) | Div Yld (%) | NP Qtr (₹ Cr) | Qtr Profit Var (%) | Sales Qtr (₹ Cr) | Qtr Sales Var (%) | ROCE (%) | ROE (%) | Book Value (₹) | EPS TTM (₹) | TTMPE Ratio (₹) |
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Coming Soon
Heatmap View
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Financial Ratios
Premium Feature| Company Name | P/E (TTM) | EPS (₹) | D/E | NPM | GPM | ROE (%) | ROCE (%) | P/B | |||||
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Coming Soon