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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 36.8 47.0 78.3% View Chart
P/BV x 6.2 4.6 133.4% View Chart
Dividend Yield % 1.0 0.6 169.7%  

Financials

 GRINDWELL NORTON   ELGI EQUIPMENTS
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-19
ELGI EQUIPMENTS
Mar-19
GRINDWELL NORTON/
ELGI EQUIPMENTS
5-Yr Chart
Click to enlarge
High Rs594315 188.5%   
Low Rs482219 220.5%   
Sales per share (Unadj.) Rs144.3117.6 122.7%  
Earnings per share (Unadj.) Rs15.26.5 234.3%  
Cash flow per share (Unadj.) Rs19.39.7 198.6%  
Dividends per share (Unadj.) Rs6.001.30 461.5%  
Dividend yield (eoy) %1.10.5 228.9%  
Book value per share (Unadj.) Rs99.248.7 203.8%  
Shares outstanding (eoy) m110.72158.45 69.9%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.72.3 164.3%   
Avg P/E ratio x35.341.0 86.1%  
P/CF ratio (eoy) x27.827.4 101.5%  
Price / Book Value ratio x5.45.5 98.9%  
Dividend payout %39.420.0 197.0%   
Avg Mkt Cap Rs m59,55642,267 140.9%   
No. of employees `0002.02.2 89.1%   
Total wages/salary Rs m1,9263,408 56.5%   
Avg. sales/employee Rs Th8,170.08,489.6 96.2%   
Avg. wages/employee Rs Th984.61,552.8 63.4%   
Avg. net profit/employee Rs Th862.6469.6 183.7%   
INCOME DATA
Net Sales Rs m15,98118,635 85.8%  
Other income Rs m35497 366.0%   
Total revenues Rs m16,33418,731 87.2%   
Gross profit Rs m2,7181,918 141.7%  
Depreciation Rs m452511 88.5%   
Interest Rs m1590 16.7%   
Profit before tax Rs m2,6041,413 184.3%   
Minority Interest Rs m022 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m917404 226.8%   
Profit after tax Rs m1,6871,031 163.7%  
Gross profit margin %17.010.3 165.3%  
Effective tax rate %35.228.6 123.1%   
Net profit margin %10.65.5 190.9%  
BALANCE SHEET DATA
Current assets Rs m8,5918,244 104.2%   
Current liabilities Rs m2,8875,209 55.4%   
Net working cap to sales %35.716.3 219.2%  
Current ratio x3.01.6 188.0%  
Inventory Days Days7555 137.5%  
Debtors Days Days4772 65.3%  
Net fixed assets Rs m3,8805,168 75.1%   
Share capital Rs m554159 349.3%   
"Free" reserves Rs m10,4267,551 138.1%   
Net worth Rs m10,9797,709 142.4%   
Long term debt Rs m0764 0.0%   
Total assets Rs m14,49313,855 104.6%  
Interest coverage x174.616.7 1,044.4%   
Debt to equity ratio x00.1 0.0%  
Sales to assets ratio x1.11.3 82.0%   
Return on assets %11.78.1 145.2%  
Return on equity %15.413.4 114.9%  
Return on capital %23.918.0 132.5%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m2,9270-   
Fx outflow Rs m5,1570-   
Net fx Rs m-2,2300-   
CASH FLOW
From Operations Rs m8451,719 49.2%  
From Investments Rs m-538-1,069 50.3%  
From Financial Activity Rs m-682-601 113.6%  
Net Cashflow Rs m-38449 -788.5%  

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:   TRF LTD  JOHNSON CONTROLS - HITACHI AC  BHAGYANAGAR IND  ASTRA MICRO  FINOLEX CABLES  

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



Today's Market

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Related Views on News

ELGI EQUIPMENTS Announces Quarterly Results (3QFY20); Net Profit Down 46.8% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, ELGI EQUIPMENTS has posted a net profit of Rs 123 m (down 46.8% YoY). Sales on the other hand came in at Rs 5 bn (down 1.5% YoY). Read on for a complete analysis of ELGI EQUIPMENTS's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (3QFY20); Net Profit Up 12.8% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, GRINDWELL NORTON has posted a net profit of Rs 470 m (up 12.8% YoY). Sales on the other hand came in at Rs 4 bn (up 3.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

ELGI EQUIPMENTS Announces Quarterly Results (2QFY20); Net Profit Down 51.7% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, ELGI EQUIPMENTS has posted a net profit of Rs 114 m (down 51.7% YoY). Sales on the other hand came in at Rs 4 bn (down 1.6% YoY). Read on for a complete analysis of ELGI EQUIPMENTS's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (2QFY20); Net Profit Up 28.5% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, GRINDWELL NORTON has posted a net profit of Rs 523 m (up 28.5% YoY). Sales on the other hand came in at Rs 4 bn (down 5.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

GRINDWELL NORTON 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of GRINDWELL NORTON for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of GRINDWELL NORTON. Also includes updates on the valuation of GRINDWELL NORTON.

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Feb 19, 2020 03:35 PM

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