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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 43.7 32.2 135.7% View Chart
P/BV x 6.3 6.1 103.1% View Chart
Dividend Yield % 0.8 1.6 48.0%  

Financials

 GRINDWELL NORTON   CUMMINS INDIA
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
CUMMINS INDIA
Mar-17
GRINDWELL NORTON/
CUMMINS INDIA
5-Yr Chart
Click to enlarge
High Rs749959 78.0%   
Low Rs309747 41.3%   
Sales per share (Unadj.) Rs114.1184.2 61.9%  
Earnings per share (Unadj.) Rs10.926.6 41.1%  
Cash flow per share (Unadj.) Rs14.729.6 49.7%  
Dividends per share (Unadj.) Rs4.0014.00 28.6%  
Dividend yield (eoy) %0.81.6 46.1%  
Book value per share (Unadj.) Rs80.7139.7 57.8%  
Shares outstanding (eoy) m110.72277.20 39.9%   
Bonus/Rights/Conversions B--  
Price / Sales ratio x4.64.6 100.0%   
Avg P/E ratio x48.432.1 150.7%  
P/CF ratio (eoy) x35.928.8 124.7%  
Price / Book Value ratio x6.66.1 107.3%  
Dividend payout %36.652.7 69.5%   
Avg Mkt Cap Rs m58,527236,479 24.7%   
No. of employees `0001.93.7 50.4%   
Total wages/salary Rs m1,7024,453 38.2%   
Avg. sales/employee Rs Th6,829.013,898.7 49.1%   
Avg. wages/employee Rs Th920.11,212.0 75.9%   
Avg. net profit/employee Rs Th653.52,004.0 32.6%   
INCOME DATA
Net Sales Rs m12,63451,064 24.7%  
Other income Rs m3091,410 21.9%   
Total revenues Rs m12,94252,473 24.7%   
Gross profit Rs m1,9318,046 24.0%  
Depreciation Rs m423855 49.4%   
Interest Rs m20171 11.8%   
Profit before tax Rs m1,7978,430 21.3%   
Minority Interest Rs m0811 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m5881,878 31.3%   
Profit after tax Rs m1,2097,363 16.4%  
Gross profit margin %15.315.8 97.0%  
Effective tax rate %32.722.3 146.9%   
Net profit margin %9.614.4 66.4%  
BALANCE SHEET DATA
Current assets Rs m6,74826,882 25.1%   
Current liabilities Rs m2,61512,159 21.5%   
Net working cap to sales %32.728.8 113.5%  
Current ratio x2.62.2 116.7%  
Inventory Days Days7141 174.2%  
Debtors Days Days3769 53.4%  
Net fixed assets Rs m3,74319,566 19.1%   
Share capital Rs m554554 99.9%   
"Free" reserves Rs m8,37738,157 22.0%   
Net worth Rs m8,93038,711 23.1%   
Long term debt Rs m190-   
Total assets Rs m12,09952,143 23.2%  
Interest coverage x90.450.4 179.4%   
Debt to equity ratio x00-  
Sales to assets ratio x1.01.0 106.6%   
Return on assets %10.214.4 70.3%  
Return on equity %13.519.0 71.2%  
Return on capital %20.324.3 83.5%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,95316,313 12.0%   
Fx outflow Rs m3,8669,368 41.3%   
Net fx Rs m-1,9136,945 -27.6%   
CASH FLOW
From Operations Rs m1,6117,482 21.5%  
From Investments Rs m-328-4,868 6.7%  
From Financial Activity Rs m25-2,265 -1.1%  
Net Cashflow Rs m0386 0.0%  

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:   GREAVES COTTON  SIEMENS  KALPATARU POWER  HONEYWELL AUTOMATION  L&T  

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



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