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Compare GRINDWELL NORTON with Greaves Cotton - Equitymaster

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GRINDWELL NORTON vs GREAVES COTTON - 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

GREAVES COTTON 
   Change

Over the years, the name "Greaves Cotton" became synonymous with the Engineering business in India & abroad, Hence the board of director have decided to change the company's name to "Greaves Cotton Ltd". Greaves Cotton Ltd, a part of Thapar Group hol... More

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Current Valuations

    GRINDWELL NORTON GREAVES COTTON GRINDWELL NORTON/
GREAVES COTTON
 
P/E (TTM) x 33.2 15.3 217.1% View Chart
P/BV x 5.7 3.0 191.0% View Chart
Dividend Yield % 1.0 4.7 21.0%  

Financials

 GRINDWELL NORTON   GREAVES COTTON
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-18
GREAVES COTTON
Mar-18
GRINDWELL NORTON/
GREAVES COTTON
5-Yr Chart
Click to enlarge
High Rs560178 314.7%   
Low Rs348113 309.3%   
Sales per share (Unadj.) Rs129.273.4 176.1%  
Earnings per share (Unadj.) Rs13.68.3 164.6%  
Cash flow per share (Unadj.) Rs17.710.4 169.5%  
Dividends per share (Unadj.) Rs5.005.50 90.9%  
Dividend yield (eoy) %1.13.8 29.1%  
Book value per share (Unadj.) Rs89.539.5 226.4%  
Shares outstanding (eoy) m110.72244.21 45.3%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.52.0 177.5%   
Avg P/E ratio x33.317.5 189.9%  
P/CF ratio (eoy) x25.713.9 184.4%  
Price / Book Value ratio x5.13.7 138.1%  
Dividend payout %36.766.4 55.2%   
Avg Mkt Cap Rs m50,27235,472 141.7%   
No. of employees `0001.81.8 104.0%   
Total wages/salary Rs m1,7681,673 105.7%   
Avg. sales/employee Rs Th7,862.510,240.6 76.8%   
Avg. wages/employee Rs Th971.4955.9 101.6%   
Avg. net profit/employee Rs Th829.11,155.4 71.8%   
INCOME DATA
Net Sales Rs m14,31017,921 79.8%  
Other income Rs m270456 59.1%   
Total revenues Rs m14,57918,377 79.3%   
Gross profit Rs m2,4692,553 96.7%  
Depreciation Rs m448524 85.5%   
Interest Rs m158 188.9%   
Profit before tax Rs m2,2752,477 91.8%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0475 0.0%   
Tax Rs m766930 82.4%   
Profit after tax Rs m1,5092,022 74.6%  
Gross profit margin %17.314.2 121.1%  
Effective tax rate %33.737.5 89.7%   
Net profit margin %10.511.3 93.5%  
BALANCE SHEET DATA
Current assets Rs m7,7647,076 109.7%   
Current liabilities Rs m2,9303,537 82.8%   
Net working cap to sales %33.819.7 171.1%  
Current ratio x2.62.0 132.4%  
Inventory Days Days6922 311.2%  
Debtors Days Days4551 87.8%  
Net fixed assets Rs m3,6673,054 120.1%   
Share capital Rs m554488 113.3%   
"Free" reserves Rs m9,3529,161 102.1%   
Net worth Rs m9,9059,650 102.6%   
Long term debt Rs m00-   
Total assets Rs m13,43813,462 99.8%  
Interest coverage x149.7306.8 48.8%   
Debt to equity ratio x00-  
Sales to assets ratio x1.11.3 80.0%   
Return on assets %11.315.1 75.2%  
Return on equity %15.221.0 72.7%  
Return on capital %23.130.7 75.4%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m2,427676 358.8%   
Fx outflow Rs m5,057500 1,010.8%   
Net fx Rs m-2,630176 -1,493.5%   
CASH FLOW
From Operations Rs m1,3372,796 47.8%  
From Investments Rs m-458-972 47.1%  
From Financial Activity Rs m-601-1,625 37.0%  
Net Cashflow Rs m299199 150.0%  

Share Holding

Indian Promoters % 7.7 51.5 15.0%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 32.0 31.6%  
FIIs % 3.0 4.0 75.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 12.5 223.2%  
Shareholders   12,133 40,512 29.9%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   ESAB INDIA  BLUE STAR  JYOTI STRUCTURE  TRF LTD  BHARAT ELECTRONICS  

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



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