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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 33.2 43.2 77.0% View Chart
P/BV x 5.7 5.7 99.3% View Chart
Dividend Yield % 1.0 0.5 203.9%  

Financials

 GRINDWELL NORTON   ELGI EQUIPMENTS
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-18
ELGI EQUIPMENTS
Mar-18
GRINDWELL NORTON/
ELGI EQUIPMENTS
5-Yr Chart
Click to enlarge
High Rs560350 160.0%   
Low Rs348199 174.9%   
Sales per share (Unadj.) Rs129.2101.3 127.6%  
Earnings per share (Unadj.) Rs13.66.0 226.6%  
Cash flow per share (Unadj.) Rs17.78.8 200.1%  
Dividends per share (Unadj.) Rs5.001.20 416.7%  
Dividend yield (eoy) %1.10.4 251.9%  
Book value per share (Unadj.) Rs89.543.5 205.8%  
Shares outstanding (eoy) m110.72158.45 69.9%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.52.7 129.7%   
Avg P/E ratio x33.345.6 73.0%  
P/CF ratio (eoy) x25.731.1 82.7%  
Price / Book Value ratio x5.16.3 80.4%  
Dividend payout %36.720.0 183.9%   
Avg Mkt Cap Rs m50,27243,495 115.6%   
No. of employees `0001.82.0 89.8%   
Total wages/salary Rs m1,7682,813 62.9%   
Avg. sales/employee Rs Th7,862.57,923.5 99.2%   
Avg. wages/employee Rs Th971.41,388.3 70.0%   
Avg. net profit/employee Rs Th829.1470.3 176.3%   
INCOME DATA
Net Sales Rs m14,31016,053 89.1%  
Other income Rs m270123 219.6%   
Total revenues Rs m14,57916,176 90.1%   
Gross profit Rs m2,4691,761 140.2%  
Depreciation Rs m448447 100.3%   
Interest Rs m1560 25.7%   
Profit before tax Rs m2,2751,377 165.1%   
Minority Interest Rs m016 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-27 0.0%   
Tax Rs m766413 185.4%   
Profit after tax Rs m1,509953 158.3%  
Gross profit margin %17.311.0 157.3%  
Effective tax rate %33.730.0 112.3%   
Net profit margin %10.55.9 177.6%  
BALANCE SHEET DATA
Current assets Rs m7,7647,760 100.0%   
Current liabilities Rs m2,9304,972 58.9%   
Net working cap to sales %33.817.4 194.5%  
Current ratio x2.61.6 169.8%  
Inventory Days Days6962 111.4%  
Debtors Days Days4578 57.8%  
Net fixed assets Rs m3,6674,415 83.1%   
Share capital Rs m554159 349.3%   
"Free" reserves Rs m9,3526,731 138.9%   
Net worth Rs m9,9056,889 143.8%   
Long term debt Rs m0603 0.0%   
Total assets Rs m13,43812,644 106.3%  
Interest coverage x149.724.1 620.8%   
Debt to equity ratio x00.1 0.0%  
Sales to assets ratio x1.11.3 83.9%   
Return on assets %11.38.0 141.6%  
Return on equity %15.213.8 110.1%  
Return on capital %23.119.0 121.5%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m2,4271,937 125.3%   
Fx outflow Rs m5,0571,055 479.3%   
Net fx Rs m-2,630882 -298.2%   
CASH FLOW
From Operations Rs m1,337485 275.5%  
From Investments Rs m-458-553 82.9%  
From Financial Activity Rs m-601-99 610.3%  
Net Cashflow Rs m299-166 -180.3%  

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:   GREAVES COTTON  SIEMENS  ATLANTA LTD  SALZER ELEC  CUMMINS INDIA  

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



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