₹1985.0
+0.51% today
· 30d -5.52%
as of 2026-09-04
Price · Daily Candles
“Grindwell Norton's valuation soars despite FII retreat; DIIs step up for stable growth.”
Grindwell Norton, a Building Products & Equipment player, exhibits strong profitability with a 13.53% profit margin and 23.0% ROCE. Despite a 6.25% annual revenue growth and 13.04% net profit growth YoY for 2026-03-31, its PE multiple of 50.94x and PB of 9.29x appear stretched compared to its intrinsic value of ₹715.43.
BULL CASE
+Annual net profit grew 13.04% YoY in 2026-03-31, reaching ₹417 Cr.
+The company maintains a high profit margin of 13.53% and ROCE of 23.0%.
+DIIs increased their stake by 0.83% QoQ to 19.18% as of 2026-03-31.
+The stock has delivered a 1-month return of 18.52% and a 3-month return of 15.71%.
BEAR CASE
−The stock's PE of 50.94x and PB of 9.29x are significantly higher than its intrinsic value of ₹715.43, indicating it is overvalued by 62.5%.
−FIIs decreased their stake by 0.83% QoQ to 5.56% as of 2026-03-31.
−Q4 2026-03-31 quarterly revenue was ₹842.0 Cr and net profit was ₹119.0 Cr, without YoY growth numbers provided for this quarter.
−ML predictions for FCF growth (recent 2yr and rolling 4yr) are negative at -0.0173 and -0.0048 respectively in H1.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹803 Cr
+14.19% YoY
NET PROFIT
₹115 Cr
+22.1% YoY
OPM
21.93%
+0.8pp YoY
EPS
₹10.43
PE 50.94
Intrinsic value · DCF ₹622.78 · Margin of safety -68.6% (overvalued) · FCF yield 1.92%
◇ Sector Position
Grindwell Norton trades at a PE of 50.94x and ROCE of 23.0%, positioning it above Kajaria Ceramic's 34.97x PE and 20.39% ROCE, but below Astral's 80.97x PE and Blue Star Co's 29.12% ROCE among peers.
PEERPEROCE %
GRINDWELL50.9423.0
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ML Forward Growth Predictions 🔒
64
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
90
Valuation
STRETCHED
20
Growth
STEADY
63
Profitability
HIGH
85
Technicals
WEAK
45
Risk
LOW
80
Key Stats
TTM PE
50.94
P/B
9.29
52W HIGH
₹2455.0
OFF HIGH
-19.14%
DIV YIELD
0.98%
MKT CAP
₹22041 Cr
◉ Active Signals
MACDBearish-10.5119
RSI(14)Neutral40.84
Street Consensus
3 analysts₹1872.33
mean target
Low ₹1715.0Now ₹1985.0High ₹2015.0
⧉ Strategy Fit 🔒