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Compare GRINDWELL NORTON with Elgi Equipments - Equitymaster
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GRINDWELL NORTON vs ELGI EQUIPMENTS - 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

ELGI EQUIPMENTS 
   Change

Elgi Equipments is Asia largest manufacturer of air compressors and automobile service station equipment. Based in Coimbatore, the company derives nearly 20% of its revenues from exports to over 50 countries worldwide. In FY08, while the compressor s... More

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Current Valuations

    GRINDWELL NORTON ELGI EQUIPMENTS GRINDWELL NORTON/
ELGI EQUIPMENTS
 
P/E (TTM) x 43.7 73.3 59.6% View Chart
P/BV x 6.3 8.1 77.6% View Chart
Dividend Yield % 0.8 0.3 244.8%  

Financials

 GRINDWELL NORTON   ELGI EQUIPMENTS
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
ELGI EQUIPMENTS
Mar-17
GRINDWELL NORTON/
ELGI EQUIPMENTS
5-Yr Chart
Click to enlarge
High Rs749223 335.7%   
Low Rs309127 243.8%   
Sales per share (Unadj.) Rs114.186.5 132.0%  
Earnings per share (Unadj.) Rs10.94.7 233.8%  
Cash flow per share (Unadj.) Rs14.77.5 196.8%  
Dividends per share (Unadj.) Rs4.001.00 400.0%  
Dividend yield (eoy) %0.80.6 132.3%  
Book value per share (Unadj.) Rs80.738.3 210.6%  
Shares outstanding (eoy) m110.72158.45 69.9%   
Bonus/Rights/Conversions B--  
Price / Sales ratio x4.62.0 229.2%   
Avg P/E ratio x48.437.4 129.4%  
P/CF ratio (eoy) x35.923.3 153.7%  
Price / Book Value ratio x6.64.6 143.6%  
Dividend payout %36.621.4 171.1%   
Avg Mkt Cap Rs m58,52727,697 211.3%   
No. of employees `0001.92.0 91.9%   
Total wages/salary Rs m1,7022,538 67.1%   
Avg. sales/employee Rs Th6,829.06,806.3 100.3%   
Avg. wages/employee Rs Th920.11,260.9 73.0%   
Avg. net profit/employee Rs Th653.5367.6 177.8%   
INCOME DATA
Net Sales Rs m12,63413,701 92.2%  
Other income Rs m309101 304.2%   
Total revenues Rs m12,94213,803 93.8%   
Gross profit Rs m1,9311,411 136.8%  
Depreciation Rs m423446 94.6%   
Interest Rs m2078 25.9%   
Profit before tax Rs m1,797989 181.8%   
Minority Interest Rs m016 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m588264 222.4%   
Profit after tax Rs m1,209740 163.4%  
Gross profit margin %15.310.3 148.4%  
Effective tax rate %32.726.7 122.4%   
Net profit margin %9.65.4 177.2%  
BALANCE SHEET DATA
Current assets Rs m6,7486,415 105.2%   
Current liabilities Rs m2,6153,974 65.8%   
Net working cap to sales %32.717.8 183.6%  
Current ratio x2.61.6 159.8%  
Inventory Days Days7160 117.8%  
Debtors Days Days3765 56.2%  
Net fixed assets Rs m3,7434,420 84.7%   
Share capital Rs m554159 349.3%   
"Free" reserves Rs m8,3775,911 141.7%   
Net worth Rs m8,9306,069 147.1%   
Long term debt Rs m19966 2.0%   
Total assets Rs m12,09911,266 107.4%  
Interest coverage x90.413.8 657.1%   
Debt to equity ratio x00.2 1.4%  
Sales to assets ratio x1.01.2 85.9%   
Return on assets %10.27.3 140.0%  
Return on equity %13.512.2 111.0%  
Return on capital %20.315.4 132.0%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,9530-   
Fx outflow Rs m3,8660-   
Net fx Rs m-1,9130-   
CASH FLOW
From Operations Rs m1,6111,268 127.0%  
From Investments Rs m-328-401 81.8%  
From Financial Activity Rs m25-774 -3.2%  
Net Cashflow Rs m093 0.0%  

Share Holding

Indian Promoters % 7.7 31.9 24.1%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 11.5 88.0%  
FIIs % 3.0 14.0 21.4%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 42.7 65.3%  
Shareholders   12,133 20,376 59.5%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   SWELECT ENERGY SYSTEMS  LAKSHMI MACHINE  HONEYWELL AUTOMATION  EASUN REYROLLE  SANGHVI MOVERS  

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



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Feb 19, 2018 (Close)

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