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Compare GRINDWELL NORTON with Cummins India - Equitymaster
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GRINDWELL NORTON vs CUMMINS INDIA - 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

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

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Current Valuations

    GRINDWELL NORTON CUMMINS INDIA GRINDWELL NORTON/
CUMMINS INDIA
 
P/E (TTM) x 17.8 33.8 52.8% View Chart
P/BV x 3.2 7.8 41.2% View Chart
Dividend Yield % 1.7 1.6 105.9%  

Financials

 GRINDWELL NORTON   CUMMINS INDIA
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
CUMMINS INDIA
Mar-16
GRINDWELL NORTON/
CUMMINS INDIA
5-Yr Chart
Click to enlarge
High Rs8141,247 65.3%   
Low Rs595805 73.9%   
Sales per share (Unadj.) Rs213.6170.4 125.4%  
Earnings per share (Unadj.) Rs18.927.1 69.7%  
Cash flow per share (Unadj.) Rs26.530.0 88.1%  
Dividends per share (Unadj.) Rs6.5014.00 46.4%  
Dividend yield (eoy) %0.91.4 67.6%  
Book value per share (Unadj.) Rs121.7114.4 106.4%  
Shares outstanding (eoy) m55.36277.20 20.0%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.36.0 54.8%   
Avg P/E ratio x37.337.8 98.6%  
P/CF ratio (eoy) x26.634.1 77.9%  
Price / Book Value ratio x5.89.0 64.5%  
Dividend payout %34.451.6 66.6%   
Avg Mkt Cap Rs m38,998284,407 13.7%   
No. of employees `0001.83.7 48.9%   
Total wages/salary Rs m1,5264,210 36.3%   
Avg. sales/employee Rs Th6,596.312,876.2 51.2%   
Avg. wages/employee Rs Th851.11,147.3 74.2%   
Avg. net profit/employee Rs Th583.42,049.2 28.5%   
INCOME DATA
Net Sales Rs m11,82747,243 25.0%  
Other income Rs m2082,279 9.1%   
Total revenues Rs m12,03549,522 24.3%   
Gross profit Rs m1,8207,604 23.9%  
Depreciation Rs m419810 51.8%   
Interest Rs m249 275.6%   
Profit before tax Rs m1,5869,064 17.5%   
Minority Interest Rs m-120-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m5281,546 34.2%   
Profit after tax Rs m1,0467,519 13.9%  
Gross profit margin %15.416.1 95.6%  
Effective tax rate %33.317.1 195.3%   
Net profit margin %8.815.9 55.6%  
BALANCE SHEET DATA
Current assets Rs m5,72322,868 25.0%   
Current liabilities Rs m2,72911,773 23.2%   
Net working cap to sales %25.323.5 107.8%  
Current ratio x2.11.9 107.9%  
Inventory Days Days7646 163.5%  
Debtors Days Days4673 63.1%  
Net fixed assets Rs m3,58118,086 19.8%   
Share capital Rs m277554 49.9%   
"Free" reserves Rs m6,46131,159 20.7%   
Net worth Rs m6,73831,713 21.2%   
Long term debt Rs m280-   
Total assets Rs m9,95045,768 21.7%  
Interest coverage x67.91,055.0 6.4%   
Debt to equity ratio x00-  
Sales to assets ratio x1.21.0 115.2%   
Return on assets %10.816.4 65.4%  
Return on equity %15.523.7 65.5%  
Return on capital %23.628.6 82.5%  
Exports to sales %11.135.3 31.3%   
Imports to sales %28.410.2 276.9%   
Exports (fob) Rs m1,30716,694 7.8%   
Imports (cif) Rs m3,3564,842 69.3%   
Fx inflow Rs m1,85217,136 10.8%   
Fx outflow Rs m3,5556,285 56.6%   
Net fx Rs m-1,70310,851 -15.7%   
CASH FLOW
From Operations Rs m1,3586,556 20.7%  
From Investments Rs m-367-1,780 20.6%  
From Financial Activity Rs m-978-4,679 20.9%  
Net Cashflow Rs m1397 13.8%  

Share Holding

Indian Promoters % 7.7 0.0 -  
Foreign collaborators % 51.3 51.0 100.6%  
Indian inst/Mut Fund % 10.1 18.1 56.0%  
FIIs % 3.0 18.0 16.7%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 12.9 216.3%  
Shareholders   12,133 41,179 29.5%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   ABB INDIA LTD.  TEXMACO INFRA  JAIN IRRIGATION  CG POWER & INDUSTRIAL SOLUTIONS LTD  WENDT (INDIA)  

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



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Aug 22, 2017 (Close)

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