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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 33.8 28.0 120.9% View Chart
P/BV x 5.8 4.2 139.9% View Chart
Dividend Yield % 1.0 0.7 147.6%  

Financials

 GRINDWELL NORTON   CARBORUNDUM UNIVERSAL
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-18
CARBORUNDUM UNIVERSAL
Mar-18
GRINDWELL NORTON/
CARBORUNDUM UNIVERSAL
5-Yr Chart
Click to enlarge
High Rs560428 130.9%   
Low Rs348286 121.8%   
Sales per share (Unadj.) Rs129.2125.3 103.1%  
Earnings per share (Unadj.) Rs13.611.6 117.3%  
Cash flow per share (Unadj.) Rs17.717.2 102.6%  
Dividends per share (Unadj.) Rs5.002.25 222.2%  
Dividend yield (eoy) %1.10.6 174.7%  
Book value per share (Unadj.) Rs89.582.8 108.1%  
Shares outstanding (eoy) m110.72188.96 58.6%   
Bonus/Rights/Conversions -ESOP-  
Price / Sales ratio x3.52.8 123.4%   
Avg P/E ratio x33.330.7 108.5%  
P/CF ratio (eoy) x25.720.7 124.0%  
Price / Book Value ratio x5.14.3 117.7%  
Dividend payout %36.719.4 189.5%   
Avg Mkt Cap Rs m50,27267,430 74.6%   
No. of employees `0001.85.1 35.9%   
Total wages/salary Rs m1,7683,109 56.9%   
Avg. sales/employee Rs Th7,862.54,666.5 168.5%   
Avg. wages/employee Rs Th971.4612.8 158.5%   
Avg. net profit/employee Rs Th829.1432.8 191.6%   
INCOME DATA
Net Sales Rs m14,31023,678 60.4%  
Other income Rs m270229 117.6%   
Total revenues Rs m14,57923,907 61.0%   
Gross profit Rs m2,4693,987 61.9%  
Depreciation Rs m4481,060 42.3%   
Interest Rs m1586 17.8%   
Profit before tax Rs m2,2753,070 74.1%   
Minority Interest Rs m0147 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m7661,020 75.1%   
Profit after tax Rs m1,5092,196 68.7%  
Gross profit margin %17.316.8 102.5%  
Effective tax rate %33.733.2 101.3%   
Net profit margin %10.59.3 113.7%  
BALANCE SHEET DATA
Current assets Rs m7,76411,552 67.2%   
Current liabilities Rs m2,9304,186 70.0%   
Net working cap to sales %33.831.1 108.6%  
Current ratio x2.62.8 96.0%  
Inventory Days Days6968 102.7%  
Debtors Days Days4573 61.7%  
Net fixed assets Rs m3,6677,659 47.9%   
Share capital Rs m554189 292.9%   
"Free" reserves Rs m9,35215,455 60.5%   
Net worth Rs m9,90515,644 63.3%   
Long term debt Rs m066 0.0%   
Total assets Rs m13,43820,985 64.0%  
Interest coverage x149.736.7 408.4%   
Debt to equity ratio x00 0.0%  
Sales to assets ratio x1.11.1 94.4%   
Return on assets %11.310.9 104.3%  
Return on equity %15.214.0 108.5%  
Return on capital %23.121.0 110.0%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m2,4273,571 68.0%   
Fx outflow Rs m5,0573,568 141.7%   
Net fx Rs m-2,6303 -87,670.0%   
CASH FLOW
From Operations Rs m1,3372,130 62.8%  
From Investments Rs m-458-748 61.2%  
From Financial Activity Rs m-601-832 72.2%  
Net Cashflow Rs m299549 54.5%  

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:   GUJ.APOLLO INDUS  SADBHAV ENGINEERING  HERCULES HOISTS  GRAPHITE INDIA  EVEREST KANTO CYLINDER  

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



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