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
Website: grindwellnorton.co.in
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)
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 8 | 8 | 4 | 3 | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 1 |
| Cash & Bank Balance (INR Cr) | 213 | 139 | 278 | 130 | 15 | 234 | 272 | 243 | 124 | 114 | 85 | 56 | 73 | 95 | 82 | 17 |
| Total Debt (INR Cr) | 83 | 51 | 15 | 12 | 0 | 0 | 0 | 8 | 15 | 15 | 16 | 22 | 19 | 21 | 26 | 16 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.04 | 0.03 | 0.01 | 0.01 | - | - | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.07 | 0.05 |
| 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% |