Grindwell Norton Limited
GRINDWELL · NSE · Industrials
With a 20% margin of safety, our buy-below price is ₹818.92.
Piotroski F-score 5/9 — quality of earnings & balance sheet.
Investability checklist
- ✓ROE above 15%17.3%
- ✓Low debt (D/E < 0.5)0.02x
- ✓Positive free cash flow
- ✓Revenue growth > 10%19%
- ✓Earnings growing28%
- ✓Net margin ≥ 10%13.5%
- ✓Current ratio > 1.52.81
- ✕Below our fair value
- ✕Margin of safety ≥ 20%
- ✓Above 200-day average
- ✓Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 17.33
- ✕Piotroski ≥ 75/9
1-year price
EOD · 2026-06-16Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Quarterly results
Annual financials
Shareholding
Promoter holding via insider stake; institutional via reported holdings.
Analyst views
Key fundamentals
SWOT snapshot
Strengths
- •Lightly leveraged balance sheet.
- •Trading near its 52-week high.
- •Financially solid — Altman Z 17.33.
Opportunities
- •Earnings growing (28% YoY).
- •Revenue growing (19% YoY).
Threats
- •Rich valuation versus sector peers.
- •Trades ~50% above our estimated fair value.
About Grindwell Norton Limited
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. The company offers abrasives, including bonded and coated abrasives, non-woven abrasives, thin wheels, construction products, automotive aftermarket, adhesives and sealants, performance grinding products; life science solutions, such as biopharmaceutical systems, medic
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Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.