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Compare GRINDWELL NORTON with Bharat Electric - Equitymaster
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GRINDWELL NORTON vs BHARAT ELECTRONICS - Comparison Results

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

BHARAT ELECTRONICS 
   Change

Bharat Electronics Ltd. (BEL), is a strategic electronics company of the Ministry of Defence. The company specialises in the manufacture of radar systems, communication transmittor-cum-receivers, and studio equipment. It also operates in civilian se... More

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Current Valuations

    GRINDWELL NORTON BHARAT ELECTRONICS GRINDWELL NORTON/
BHARAT ELECTRONICS
 
P/E (TTM) x 43.6 20.4 214.0% View Chart
P/BV x 6.3 4.5 139.5% View Chart
Dividend Yield % 0.8 1.4 54.7%  

Financials

 GRINDWELL NORTON   BHARAT ELECTRONICS
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
BHARAT ELECTRONICS
Mar-17
GRINDWELL NORTON/
BHARAT ELECTRONICS
5-Yr Chart
Click to enlarge
High Rs7491,665 45.0%   
Low Rs3091,084 28.5%   
Sales per share (Unadj.) Rs114.1387.4 29.5%  
Earnings per share (Unadj.) Rs10.968.2 16.0%  
Cash flow per share (Unadj.) Rs14.777.7 19.0%  
Dividends per share (Unadj.) Rs4.002.25 177.8%  
Dividend yield (eoy) %0.80.2 462.2%  
Book value per share (Unadj.) Rs80.7346.3 23.3%  
Shares outstanding (eoy) m110.72223.36 49.6%   
Bonus/Rights/Conversions BBB-  
Price / Sales ratio x4.63.5 130.6%   
Avg P/E ratio x48.420.2 240.3%  
P/CF ratio (eoy) x35.917.7 202.8%  
Price / Book Value ratio x6.64.0 165.2%  
Dividend payout %36.63.3 1,110.5%   
Avg Mkt Cap Rs m58,527306,975 19.1%   
No. of employees `0001.99.7 19.0%   
Total wages/salary Rs m1,70215,594 10.9%   
Avg. sales/employee Rs Th6,829.08,906.9 76.7%   
Avg. wages/employee Rs Th920.11,605.0 57.3%   
Avg. net profit/employee Rs Th653.51,567.9 41.7%   
INCOME DATA
Net Sales Rs m12,63486,540 14.6%  
Other income Rs m3094,345 7.1%   
Total revenues Rs m12,94290,885 14.2%   
Gross profit Rs m1,93117,726 10.9%  
Depreciation Rs m4232,116 20.0%   
Interest Rs m20129 15.6%   
Profit before tax Rs m1,79719,826 9.1%   
Minority Interest Rs m0263 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m5884,855 12.1%   
Profit after tax Rs m1,20915,234 7.9%  
Gross profit margin %15.320.5 74.6%  
Effective tax rate %32.724.5 133.7%   
Net profit margin %9.617.6 54.4%  
BALANCE SHEET DATA
Current assets Rs m6,748140,691 4.8%   
Current liabilities Rs m2,61587,486 3.0%   
Net working cap to sales %32.761.5 53.2%  
Current ratio x2.61.6 160.5%  
Inventory Days Days71206 34.5%  
Debtors Days Days37184 20.0%  
Net fixed assets Rs m3,74317,556 21.3%   
Share capital Rs m5542,234 24.8%   
"Free" reserves Rs m8,37775,124 11.2%   
Net worth Rs m8,93077,358 11.5%   
Long term debt Rs m19167 11.5%   
Total assets Rs m12,099175,963 6.9%  
Interest coverage x90.4154.9 58.4%   
Debt to equity ratio x00 99.8%  
Sales to assets ratio x1.00.5 212.3%   
Return on assets %10.28.7 116.3%  
Return on equity %13.519.7 68.7%  
Return on capital %20.326.1 77.9%  
Exports to sales %05.0 0.0%   
Imports to sales %00-   
Exports (fob) Rs mNA4,325 0.0%   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,9534,325 45.2%   
Fx outflow Rs m3,86631,705 12.2%   
Net fx Rs m-1,913-27,381 7.0%   
CASH FLOW
From Operations Rs m1,611-607 -265.2%  
From Investments Rs m-32831,145 -1.1%  
From Financial Activity Rs m25-28,568 -0.1%  
Net Cashflow Rs m01,969 0.0%  

Share Holding

Indian Promoters % 7.7 75.0 10.3%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 17.8 57.0%  
FIIs % 3.0 1.9 157.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 5.4 516.7%  
Shareholders   12,133 25,439 47.7%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   INDO TECH TRANS.  SWELECT ENERGY SYSTEMS  HAVELLS IND  FAIRFILED ATLAS   KENNAMETAL INDIA  

Compare GRINDWELL NORTON With:   ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  DONGFANG ELEC. (China)  ABB (Switz.)  



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