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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 17.9 51.5 34.8% View Chart
P/BV x 3.2 6.4 50.8% View Chart
Dividend Yield % 1.6 0.5 359.1%  

Financials

 GRINDWELL NORTON   ELGI EQUIPMENTS
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
ELGI EQUIPMENTS
Mar-16
GRINDWELL NORTON/
ELGI EQUIPMENTS
5-Yr Chart
Click to enlarge
High Rs814162 503.4%   
Low Rs595114 522.3%   
Sales per share (Unadj.) Rs213.689.1 239.7%  
Earnings per share (Unadj.) Rs18.94.0 472.6%  
Cash flow per share (Unadj.) Rs26.56.7 396.0%  
Dividends per share (Unadj.) Rs6.501.00 650.0%  
Dividend yield (eoy) %0.90.7 127.1%  
Book value per share (Unadj.) Rs121.734.1 356.5%  
Shares outstanding (eoy) m55.36158.45 34.9%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.31.5 213.3%   
Avg P/E ratio x37.334.5 108.2%  
P/CF ratio (eoy) x26.620.6 129.1%  
Price / Book Value ratio x5.84.0 143.4%  
Dividend payout %34.425.0 137.5%   
Avg Mkt Cap Rs m38,99821,834 178.6%   
No. of employees `0001.82.0 89.7%   
Total wages/salary Rs m1,5262,602 58.6%   
Avg. sales/employee Rs Th6,596.37,061.8 93.4%   
Avg. wages/employee Rs Th851.11,301.2 65.4%   
Avg. net profit/employee Rs Th583.4316.7 184.2%   
INCOME DATA
Net Sales Rs m11,82714,124 83.7%  
Other income Rs m20892 227.2%   
Total revenues Rs m12,03514,215 84.7%   
Gross profit Rs m1,8201,314 138.5%  
Depreciation Rs m419426 98.5%   
Interest Rs m24122 19.4%   
Profit before tax Rs m1,586858 184.8%   
Minority Interest Rs m-120-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m528225 235.1%   
Profit after tax Rs m1,046633 165.1%  
Gross profit margin %15.49.3 165.4%  
Effective tax rate %33.326.2 127.2%   
Net profit margin %8.84.5 197.2%  
BALANCE SHEET DATA
Current assets Rs m5,7236,702 85.4%   
Current liabilities Rs m2,7294,635 58.9%   
Net working cap to sales %25.314.6 172.9%  
Current ratio x2.11.4 145.0%  
Inventory Days Days7661 124.8%  
Debtors Days Days4666 69.8%  
Net fixed assets Rs m3,5814,526 79.1%   
Share capital Rs m277159 174.6%   
"Free" reserves Rs m6,4615,025 128.6%   
Net worth Rs m6,7385,410 124.6%   
Long term debt Rs m281,391 2.0%   
Total assets Rs m9,95011,602 85.8%  
Interest coverage x67.98.0 847.1%   
Debt to equity ratio x00.3 1.6%  
Sales to assets ratio x1.21.2 97.6%   
Return on assets %10.86.5 165.1%  
Return on equity %15.511.7 132.6%  
Return on capital %23.614.4 163.8%  
Exports to sales %11.110.9 101.1%   
Imports to sales %28.45.0 567.8%   
Exports (fob) Rs m1,3071,545 84.6%   
Imports (cif) Rs m3,356706 475.5%   
Fx inflow Rs m1,8521,545 119.9%   
Fx outflow Rs m3,555772 460.7%   
Net fx Rs m-1,703773 -220.3%   
CASH FLOW
From Operations Rs m1,3581,342 101.2%  
From Investments Rs m-367-251 146.4%  
From Financial Activity Rs m-978-1,012 96.6%  
Net Cashflow Rs m1379 16.8%  

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:   BLUE STAR  MAN IND.(I)  V GUARD IND.  JOHNSON CONTROLS - HITACHI AC INDIA  BHAGYANAGAR IND  

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



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Aug 18, 2017 (Close)

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