Grindwell Norton Ltd

Grindwell Norton Ltd

Next 500 2024
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OVERVIEW
FINANCIALS

About

Grindwell Norton Limited, a subsidiary of Saint-Gobain, is a leading manufacturer of abrasives, ceramics, and performance plastics in India. The company offers a wide range of products, including bonded and coated abrasives, refractories, and silicon carbide. Grindwell Norton serves various industries, such as automotive, construction, and general engineering, focusing on innovation and quality.

Incorporation Year: 1950
Headquarters: Mumbai, Maharashtra, India
Top Management: Sanjib Nandi (Managing Director)
Industry: Industrial Materials

Featured In Fortune India Ranking

Next 500 India
#128(2024)#94(2023)#56(2022)#54(2021)#99(2020)#116(2019)#159(2018)#181(2017)#172(2016)#305(2015)
#128(2024)#94(2023)#56(2022)#54(2021)#99(2020)#116(2019)#159(2018)#181(2017)#172(2016)#305(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,765
(INR Cr)
Net Operating Income
2,687
(INR Cr)
Assets
2,199
(INR Cr)
Profit
384
(INR Cr)
Net Worth
2,052
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102008
Revenue
(INR Cr)
2765
5.3%
2627
22.9%
2137
29.1%
1655
2.0%
1622
-2.4%
1662
14.5%
1451
12.4%
1292
8.9%
1186
1.9%
1163
17.1%
993
2.3%
971
4.5%
929
12.6%
825
13.5%
727
35.2%
537
-
Net Operating Income
(INR Cr)
2687
5.72%
2541
26.26%
2013
22.89%
1638
3.69%
1580
-1.16%
1598
11.68%
1431
13.27%
1263
9.80%
1151
1.34%
1135
17.59%
966
1.95%
947
4.49%
906
13.75%
797
13.46%
702
39.99%
502
13.79%
Profit
(INR Cr)
384
6.0%
362
22.4%
296
23.6%
239
31.0%
183
9.1%
167
11.7%
150
25.4%
119
13.5%
105
2.0%
103
23.0%
84
-13.8%
97
-5.5%
103
23.1%
84
-3.2%
86
59.0%
54
-
Assets
(INR Cr)
2199
14.5%
1921
18.4%
1622
14.6%
1416
14.4%
1237
9.2%
1133
10.6%
1025
10.1%
931
16.3%
801
22.0%
656
8.7%
604
6.6%
566
11.7%
507
13.3%
447
15.3%
388
17.6%
330
-
Net Worth
(INR Cr)
2052
13.8%
1802
15.2%
1565
15.0%
1361
15.0%
1184
8.2%
1095
10.9%
987
11.0%
890
17.1%
760
24.1%
612
10.5%
554
8.2%
513
12.1%
457
15.4%
396
12.8%
351
15.7%
304
10.3%
Employee Cost
(INR Cr)
326
9.6%
297
18.6%
251
20.7%
208
1.4%
205
6.4%
193
8.9%
177
3.9%
170
14.8%
148
11.7%
133
16.3%
114
7.9%
106
9.6%
97
12.9%
86
-5.8%
91
47.0%
62
-
Interest Cost
(INR Cr)
8843422223333331
Cash & Bank Balance
(INR Cr)
21313927813015234272243124114855673958217
Total Debt
(INR Cr)
8351151200081515162219212616

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102008
Profit As % Of Revenues 13.9%13.8%13.8%14.5%11.3%10.1%10.3%9.2%8.9%8.9%8.5%10.0%11.1%10.1%11.9%10.1%
Profit As % Of Assets 17.4%18.8%18.2%16.9%14.8%14.8%14.6%12.8%13.1%15.7%13.9%17.2%20.3%18.7%22.3%16.5%
Profit As % Of Networth 18.7%20.1%18.9%17.6%15.4%15.3%15.2%13.4%13.9%16.9%15.1%19.0%22.5%21.1%24.6%17.9%
Interest Cost to EBITDA % 1.5%1.6%1.0%1.1%1.7%0.6%0.6%1.0%1.3%1.6%2.1%2.0%2.0%2.5%2.1%0.8%
Debt to Equity Ratio 0.040.030.010.01--0.000.010.020.020.030.040.040.050.070.05
RONW 19.9%21.5%20.2%18.7%16.1%16.2%16.1%14.7%15.5%17.9%15.7%19.8%23.8%21.8%20.7%18.5%
ROCE 25.2%28.1%26.6%24.5%21.2%24.7%23.8%21.3%22.8%25.3%21.6%26.0%32.0%30.5%29.6%26.1%