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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 37.0 23.6 156.8% View Chart
P/BV x 5.7 3.0 191.5% View Chart
Dividend Yield % 1.1 3.7 28.7%  

Financials

 GRINDWELL NORTON   CUMMINS INDIA
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-19
CUMMINS INDIA
Mar-19
GRINDWELL NORTON/
CUMMINS INDIA
5-Yr Chart
Click to enlarge
High Rs594885 67.1%   
Low Rs482612 78.8%   
Sales per share (Unadj.) Rs144.3205.5 70.2%  
Earnings per share (Unadj.) Rs15.226.8 56.9%  
Cash flow per share (Unadj.) Rs19.330.8 62.7%  
Dividends per share (Unadj.) Rs6.0017.00 35.3%  
Dividend yield (eoy) %1.12.3 49.1%  
Book value per share (Unadj.) Rs99.2154.5 64.2%  
Shares outstanding (eoy) m110.72277.20 39.9%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.73.6 102.3%   
Avg P/E ratio x35.327.9 126.4%  
P/CF ratio (eoy) x27.824.3 114.6%  
Price / Book Value ratio x5.44.8 112.0%  
Dividend payout %39.463.5 62.0%   
Avg Mkt Cap Rs m59,556207,456 28.7%   
No. of employees `0002.03.7 52.4%   
Total wages/salary Rs m1,9265,619 34.3%   
Avg. sales/employee Rs Th8,170.015,266.1 53.5%   
Avg. wages/employee Rs Th984.61,505.7 65.4%   
Avg. net profit/employee Rs Th862.61,989.8 43.3%   
INCOME DATA
Net Sales Rs m15,98156,973 28.0%  
Other income Rs m3542,351 15.0%   
Total revenues Rs m16,33459,324 27.5%   
Gross profit Rs m2,7188,691 31.3%  
Depreciation Rs m4521,111 40.7%   
Interest Rs m15168 8.9%   
Profit before tax Rs m2,6049,763 26.7%   
Minority Interest Rs m0926 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m9173,263 28.1%   
Profit after tax Rs m1,6877,426 22.7%  
Gross profit margin %17.015.3 111.5%  
Effective tax rate %35.233.4 105.4%   
Net profit margin %10.613.0 81.0%  
BALANCE SHEET DATA
Current assets Rs m8,59134,286 25.1%   
Current liabilities Rs m2,88715,341 18.8%   
Net working cap to sales %35.733.3 107.3%  
Current ratio x3.02.2 133.1%  
Inventory Days Days7541 185.1%  
Debtors Days Days4782 57.1%  
Net fixed assets Rs m3,88023,939 16.2%   
Share capital Rs m554554 99.9%   
"Free" reserves Rs m10,42642,275 24.7%   
Net worth Rs m10,97942,830 25.6%   
Long term debt Rs m00-   
Total assets Rs m14,49360,603 23.9%  
Interest coverage x174.659.2 294.9%   
Debt to equity ratio x00-  
Sales to assets ratio x1.10.9 117.3%   
Return on assets %11.712.5 93.7%  
Return on equity %15.417.3 88.6%  
Return on capital %23.925.3 94.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m2,92720,075 14.6%   
Fx outflow Rs m5,15710,243 50.4%   
Net fx Rs m-2,2309,832 -22.7%   
CASH FLOW
From Operations Rs m8455,492 15.4%  
From Investments Rs m-538162 -331.2%  
From Financial Activity Rs m-682-5,210 13.1%  
Net Cashflow Rs m-384431 -89.0%  

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  BHARAT ELECTRONICS  BHARAT BIJLEE  

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



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Related Views on News

CUMMINS INDIA Announces Quarterly Results (1QFY21); Net Profit Down 62.9% (Quarterly Result Update)

Sep 14, 2020 | Updated on Sep 14, 2020

For the quarter ended June 2020, CUMMINS INDIA has posted a net profit of Rs 526 m (down 62.9% YoY). Sales on the other hand came in at Rs 5 bn (down 62.9% YoY). Read on for a complete analysis of CUMMINS INDIA'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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CUMMINS INDIA Announces Quarterly Results (4QFY20); Net Profit Down 16.0% (Quarterly Result Update)

Jun 19, 2020 | Updated on Jun 19, 2020

For the quarter ended March 2020, CUMMINS INDIA has posted a net profit of Rs 1 bn (down 16.0% YoY). Sales on the other hand came in at Rs 11 bn (down 21.5% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

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.

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