Grindwell Norton Limited
Momentum (94/100) does the heavy lifting; valuation (2/100) is the drag.
ExpensiveOvervaluedOur blended model reads Grindwell Norton Limited as a Hold at 45/100. On 56.6x trailing earnings it sits pricier than the Industrials median of about 29.0x. The price is about 11% below its 52-week high of ₹2,382.3 and 58% above the low of ₹1,340.38. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9. The average analyst target of ₹1,995.67 implies about 6% downside across 3 analysts. It clears 10 of 13 investability checks, with durability 74, valuation 3 and momentum 94 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹848.08.
Analyst views
1-year price
EOD · 2026-07-3152-week range
-11.00% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Hold45Piotroski F-score 5/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Pass: ROE above 15%: 17.3%
- Pass: Low debt (D/E < 0.5): 0.02x
- Pass: Positive free cash flow
- Pass: Revenue growth > 10%: 19%
- Pass: Earnings growing: 28%
- Pass: Net margin ≥ 10%: 13.5%
- Pass: Current ratio > 1.5: 2.81
- Fail: Below our fair value
- Fail: Margin of safety ≥ 20%
- Pass: Above 200-day average
- Pass: Above 50-day average
- No data: Positive 1-year return
- Pass: Altman Z in safe zone: Z 17.93
- Fail: Piotroski ≥ 7: 5/9
Quarterly results
Annual financials
Shareholding
- Promoter58.3%
- Institutions22.7%
- Public & other19.0%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
- Financially solid — Altman Z 17.93.
Opportunities
- Earnings growing (28% YoY).
- Revenue growing (19% YoY).
Bear case
Threats
- Rich valuation versus sector peers.
- Trades ~50% above our estimated fair value.
About Grindwell Norton Limited
Grindwell Norton Limited manufactures and distributes abrasives, ceramics, and plastic products across India and international markets. The company operates through Abrasives, Ceramics & Plastics, Digital Services, and other segments, offering bonded and coated abrasives, non-woven abrasives, thin wheels, construction products, automotive aftermarket items, adhesives, sealants, performance grinding products, and life science solutions including biopharmaceutical systems.
Grindwell Norton Limited — frequently asked questions
Is Grindwell Norton Limited a buy, hold or sell?
StocksWizard currently rates Grindwell Norton Limited (GRINDWELL) a Hold, based on a blended score of 45/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Grindwell Norton Limited's fair value?
Our blended DCF and relative-valuation model estimates Grindwell Norton Limited's fair value at about ₹1,060.1, versus a current price of ₹2,120.2 — roughly 50% downside. On that basis the stock looks overvalued by 50%.
Is Grindwell Norton Limited financially healthy?
Grindwell Norton Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 5/9.
How has Grindwell Norton Limited's share price performed?
Grindwell Norton Limited is up 36% over three months, and last traded at ₹2,120.2. Past performance doesn't predict future returns.
More in Industrials
View allOur 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.