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Compare GRINDWELL NORTON with Carborundum Universal - Equitymaster
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GRINDWELL NORTON vs CARBORUNDUM UNIVERSAL - 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

CARBORUNDUM UNIVERSAL 
   Change

Carborundum Universal, popularly known as CUMI, was incorporated in 1954. CUMI was a tripartite collaboration between the Murugappa Group, The Carborundum Co., USA and the Universal Grinding Wheel Co. Ltd., U.K. The company is a pioneer in the manufa... More

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Current Valuations

    GRINDWELL NORTON CARBORUNDUM UNIVERSAL GRINDWELL NORTON/
CARBORUNDUM UNIVERSAL
 
P/E (TTM) x 17.9 37.2 48.2% View Chart
P/BV x 3.2 5.4 60.5% View Chart
Dividend Yield % 1.6 0.4 371.0%  

Financials

 GRINDWELL NORTON   CARBORUNDUM UNIVERSAL
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
CARBORUNDUM UNIVERSAL
Mar-16
GRINDWELL NORTON/
CARBORUNDUM UNIVERSAL
5-Yr Chart
Click to enlarge
High Rs814197 413.2%   
Low Rs595154 386.6%   
Sales per share (Unadj.) Rs213.6110.6 193.1%  
Earnings per share (Unadj.) Rs18.97.6 249.3%  
Cash flow per share (Unadj.) Rs26.512.6 210.2%  
Dividends per share (Unadj.) Rs6.501.50 433.3%  
Dividend yield (eoy) %0.90.9 107.9%  
Book value per share (Unadj.) Rs121.763.0 193.3%  
Shares outstanding (eoy) m55.36188.38 29.4%   
Bonus/Rights/Conversions -ESOP-  
Price / Sales ratio x3.31.6 207.9%   
Avg P/E ratio x37.323.1 161.1%  
P/CF ratio (eoy) x26.613.9 191.0%  
Price / Book Value ratio x5.82.8 207.7%  
Dividend payout %34.419.8 173.8%   
Avg Mkt Cap Rs m38,99833,051 118.0%   
No. of employees `0001.8NA-   
Total wages/salary Rs m1,5262,715 56.2%   
Avg. sales/employee Rs Th6,596.3NM-  
Avg. wages/employee Rs Th851.1NM-  
Avg. net profit/employee Rs Th583.4NM-  
INCOME DATA
Net Sales Rs m11,82720,843 56.7%  
Other income Rs m208331 62.9%   
Total revenues Rs m12,03521,175 56.8%   
Gross profit Rs m1,8203,279 55.5%  
Depreciation Rs m419944 44.4%   
Interest Rs m24227 10.4%   
Profit before tax Rs m1,5862,439 65.0%   
Minority Interest Rs m-12-116 9.9%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m528895 59.0%   
Profit after tax Rs m1,0461,428 73.3%  
Gross profit margin %15.415.7 97.8%  
Effective tax rate %33.336.7 90.7%   
Net profit margin %8.86.9 129.1%  
BALANCE SHEET DATA
Current assets Rs m5,72310,157 56.3%   
Current liabilities Rs m2,7295,466 49.9%   
Net working cap to sales %25.322.5 112.5%  
Current ratio x2.11.9 112.9%  
Inventory Days Days7668 112.0%  
Debtors Days Days4669 67.0%  
Net fixed assets Rs m3,5816,930 51.7%   
Share capital Rs m277188 146.9%   
"Free" reserves Rs m6,4615,227 123.6%   
Net worth Rs m6,73811,859 56.8%   
Long term debt Rs m28295 9.4%   
Total assets Rs m9,95018,836 52.8%  
Interest coverage x67.911.7 578.9%   
Debt to equity ratio x00 16.6%  
Sales to assets ratio x1.21.1 107.4%   
Return on assets %10.88.8 122.4%  
Return on equity %15.512.0 128.9%  
Return on capital %23.621.0 112.5%  
Exports to sales %11.112.8 86.1%   
Imports to sales %28.415.3 185.7%   
Exports (fob) Rs m1,3072,676 48.9%   
Imports (cif) Rs m3,3563,184 105.4%   
Fx inflow Rs m1,8522,951 62.8%   
Fx outflow Rs m3,5553,302 107.7%   
Net fx Rs m-1,703-351 485.4%   
CASH FLOW
From Operations Rs m1,3582,239 60.7%  
From Investments Rs m-367-1,009 36.4%  
From Financial Activity Rs m-978-1,099 89.0%  
Net Cashflow Rs m13131 10.2%  

Share Holding

Indian Promoters % 7.7 42.2 18.2%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 11.8 85.8%  
FIIs % 3.0 22.5 13.3%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 23.5 118.7%  
Shareholders   12,133 15,711 77.2%  
Pledged promoter(s) holding % 0.0 1.8 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   VA TECH WABAG  ELGI EQUIPMENTS  WELSPUN CORP  KIRLOSKAR BROS.  AUSTIN ENGG.  

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



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