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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 37.0 19.3 191.3% View Chart
P/BV x 5.7 2.6 220.9% View Chart
Dividend Yield % 1.1 1.2 91.3%  

Financials

 GRINDWELL NORTON   CARBORUNDUM UNIVERSAL
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-19
CARBORUNDUM UNIVERSAL
Mar-19
GRINDWELL NORTON/
CARBORUNDUM UNIVERSAL
5-Yr Chart
Click to enlarge
High Rs594415 143.0%   
Low Rs482314 153.3%   
Sales per share (Unadj.) Rs144.3142.2 101.5%  
Earnings per share (Unadj.) Rs15.213.1 116.4%  
Cash flow per share (Unadj.) Rs19.318.8 102.7%  
Dividends per share (Unadj.) Rs6.002.75 218.2%  
Dividend yield (eoy) %1.10.8 148.0%  
Book value per share (Unadj.) Rs99.291.1 108.8%  
Shares outstanding (eoy) m110.72189.15 58.5%   
Bonus/Rights/Conversions -ESOP-  
Price / Sales ratio x3.72.6 145.2%   
Avg P/E ratio x35.327.9 126.6%  
P/CF ratio (eoy) x27.819.4 143.5%  
Price / Book Value ratio x5.44.0 135.5%  
Dividend payout %39.421.0 187.4%   
Avg Mkt Cap Rs m59,55669,011 86.3%   
No. of employees `0002.02.2 87.2%   
Total wages/salary Rs m1,9263,273 58.8%   
Avg. sales/employee Rs Th8,170.011,988.0 68.2%   
Avg. wages/employee Rs Th984.61,459.3 67.5%   
Avg. net profit/employee Rs Th862.61,103.9 78.1%   
INCOME DATA
Net Sales Rs m15,98126,889 59.4%  
Other income Rs m354273 129.5%   
Total revenues Rs m16,33427,162 60.1%   
Gross profit Rs m2,7184,383 62.0%  
Depreciation Rs m4521,083 41.8%   
Interest Rs m1585 17.7%   
Profit before tax Rs m2,6043,489 74.7%   
Minority Interest Rs m0199 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m9171,212 75.7%   
Profit after tax Rs m1,6872,476 68.1%  
Gross profit margin %17.016.3 104.3%  
Effective tax rate %35.234.7 101.4%   
Net profit margin %10.69.2 114.7%  
BALANCE SHEET DATA
Current assets Rs m8,59112,998 66.1%   
Current liabilities Rs m2,8874,054 71.2%   
Net working cap to sales %35.733.3 107.3%  
Current ratio x3.03.2 92.8%  
Inventory Days Days7572 103.8%  
Debtors Days Days4770 67.3%  
Net fixed assets Rs m3,8807,414 52.3%   
Share capital Rs m554189 292.6%   
"Free" reserves Rs m10,42617,052 61.1%   
Net worth Rs m10,97917,241 63.7%   
Long term debt Rs m051 0.0%   
Total assets Rs m14,49322,320 64.9%  
Interest coverage x174.642.1 414.4%   
Debt to equity ratio x00 0.0%  
Sales to assets ratio x1.11.2 91.5%   
Return on assets %11.711.5 102.4%  
Return on equity %15.414.4 107.0%  
Return on capital %23.921.8 109.4%  
Exports to sales %014.4 0.0%   
Imports to sales %016.3 0.0%   
Exports (fob) Rs mNA3,881 0.0%   
Imports (cif) Rs mNA4,386 0.0%   
Fx inflow Rs m2,9273,881 75.4%   
Fx outflow Rs m5,1574,453 115.8%   
Net fx Rs m-2,230-572 389.9%   
CASH FLOW
From Operations Rs m8452,018 41.9%  
From Investments Rs m-538-799 67.3%  
From Financial Activity Rs m-682-1,092 62.5%  
Net Cashflow Rs m-38474 -520.5%  

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:   BHEL  BHARAT ELECTRONICS  JYOTI STRUCTURE  TRF  BEML.  

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



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Related Views on News

CARBORUNDUM UNIVERSAL Announces Quarterly Results (1QFY21); Net Profit Down 59.6% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, CARBORUNDUM UNIVERSAL has posted a net profit of Rs 184 m (down 59.6% YoY). Sales on the other hand came in at Rs 4 bn (down 33.0% YoY). Read on for a complete analysis of CARBORUNDUM UNIVERSAL's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (1QFY21); Net Profit Down 34.2% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, GRINDWELL NORTON has posted a net profit of Rs 282 m (down 34.2% YoY). Sales on the other hand came in at Rs 2 bn (down 43.5% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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GRINDWELL NORTON Announces Quarterly Results (4QFY20); Net Profit Down 2.5% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, GRINDWELL NORTON has posted a net profit of Rs 418 m (down 2.5% YoY). Sales on the other hand came in at Rs 4 bn (down 9.7% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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.

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