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CUMMINS INDIA vs GRINDWELL NORTON - Comparison Results

CUMMINS INDIA     Change

Cummins India Limited (CIL) is a subsidiary of Cummins Inc. US, the world's largest independent diesel engine designer and manufacturer of above 200 HP (horsepower engines. Set up in 1962, CIL is India's leading manufacturer of diesel engines with a ... More

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    CUMMINS INDIA GRINDWELL NORTON CUMMINS INDIA/
GRINDWELL NORTON
 
P/E (TTM) x 12.2 27.6 44.4% View Chart
P/BV x 1.9 4.7 40.1% View Chart
Dividend Yield % 5.9 1.3 453.7%  

Financials

 CUMMINS INDIA   GRINDWELL NORTON
EQUITY SHARE DATA
    CUMMINS INDIA
Mar-19
GRINDWELL NORTON
Mar-19
CUMMINS INDIA/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs885594 149.0%   
Low Rs612482 127.0%   
Sales per share (Unadj.) Rs205.5144.3 142.4%  
Earnings per share (Unadj.) Rs26.815.2 175.8%  
Cash flow per share (Unadj.) Rs30.819.3 159.4%  
Dividends per share (Unadj.) Rs17.006.00 283.3%  
Dividend yield (eoy) %2.31.1 203.6%  
Book value per share (Unadj.) Rs154.599.2 155.8%  
Shares outstanding (eoy) m277.20110.72 250.4%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.63.7 97.7%   
Avg P/E ratio x27.935.3 79.1%  
P/CF ratio (eoy) x24.327.8 87.3%  
Price / Book Value ratio x4.85.4 89.3%  
Dividend payout %63.539.4 161.2%   
Avg Mkt Cap Rs m207,45659,556 348.3%   
No. of employees `0003.72.0 190.8%   
Total wages/salary Rs m5,6191,926 291.8%   
Avg. sales/employee Rs Th15,266.18,170.0 186.9%   
Avg. wages/employee Rs Th1,505.7984.6 152.9%   
Avg. net profit/employee Rs Th1,989.8862.6 230.7%   
INCOME DATA
Net Sales Rs m56,97315,981 356.5%  
Other income Rs m2,351354 664.8%   
Total revenues Rs m59,32416,334 363.2%   
Gross profit Rs m8,6912,718 319.7%  
Depreciation Rs m1,111452 245.6%   
Interest Rs m16815 1,118.0%   
Profit before tax Rs m9,7632,604 374.8%   
Minority Interest Rs m9260-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m3,263917 355.7%   
Profit after tax Rs m7,4261,687 440.1%  
Gross profit margin %15.317.0 89.7%  
Effective tax rate %33.435.2 94.9%   
Net profit margin %13.010.6 123.5%  
BALANCE SHEET DATA
Current assets Rs m34,2868,591 399.1%   
Current liabilities Rs m15,3412,887 531.4%   
Net working cap to sales %33.335.7 93.2%  
Current ratio x2.23.0 75.1%  
Inventory Days Days4175 54.0%  
Debtors Days Days8247 175.1%  
Net fixed assets Rs m23,9393,880 616.9%   
Share capital Rs m554554 100.1%   
"Free" reserves Rs m42,27510,426 405.5%   
Net worth Rs m42,83010,979 390.1%   
Long term debt Rs m00-   
Total assets Rs m60,60314,493 418.2%  
Interest coverage x59.2174.6 33.9%   
Debt to equity ratio x00-  
Sales to assets ratio x0.91.1 85.3%   
Return on assets %12.511.7 106.7%  
Return on equity %17.315.4 112.8%  
Return on capital %25.323.9 106.2%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m20,0752,927 685.9%   
Fx outflow Rs m10,2435,157 198.6%   
Net fx Rs m9,832-2,230 -440.8%   
CASH FLOW
From Operations Rs m5,492845 649.6%  
From Investments Rs m162-538 -30.2%  
From Financial Activity Rs m-5,210-682 763.5%  
Net Cashflow Rs m431-384 -112.3%  

Share Holding

Indian Promoters % 0.0 7.7 -  
Foreign collaborators % 51.0 51.3 99.4%  
Indian inst/Mut Fund % 18.1 10.1 178.7%  
FIIs % 18.0 3.0 600.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 12.9 27.9 46.2%  
Shareholders   41,179 12,133 339.4%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare CUMMINS INDIA With:   ESAB INDIA  BLUE STAR  PHOENIX LAMPS  TRF LTD  BHARAT ELECTRONICS  

Compare CUMMINS INDIA With:   DONGFANG ELEC. (China)  ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  ABB (Switz.)  



Today's Market

Sensex Above 30,000 Level, Gold Hits Record High, and Top Cues in Focus Today(Pre-Open)

Indian share markets ended on a strong note yesterday. The BSE Sensex and NSE Nifty rose over 8.5% yesterday, posting their biggest single-day gain.

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GRINDWELL NORTON Announces Quarterly Results (3QFY20); Net Profit Up 12.8% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, GRINDWELL NORTON has posted a net profit of Rs 470 m (up 12.8% YoY). Sales on the other hand came in at Rs 4 bn (up 3.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

CUMMINS INDIA Announces Quarterly Results (3QFY20); Net Profit Down 0.5% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, CUMMINS INDIA has posted a net profit of Rs 2 bn (down 0.5% YoY). Sales on the other hand came in at Rs 15 bn (down 3.3% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (2QFY20); Net Profit Up 28.5% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, GRINDWELL NORTON has posted a net profit of Rs 523 m (up 28.5% YoY). Sales on the other hand came in at Rs 4 bn (down 5.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

CUMMINS INDIA Announces Quarterly Results (2QFY20); Net Profit Down 13.4% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, CUMMINS INDIA has posted a net profit of Rs 2 bn (down 13.4% YoY). Sales on the other hand came in at Rs 13 bn (down 12.0% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

GRINDWELL NORTON 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of GRINDWELL NORTON for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of GRINDWELL NORTON. Also includes updates on the valuation of GRINDWELL NORTON.

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