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Compare GRINDWELL NORTON with Havells Ind - Equitymaster
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GRINDWELL NORTON vs HAVELLS IND - 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

HAVELLS IND 
   Change

Havells India is one of the largest electrical and power distribution equipment company, manufacturing products ranging from building circuit protection, industrial & domestic switchgear, cables & wires, energy meters, fans, CFL lamps, luminaires for... More

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Current Valuations

    GRINDWELL NORTON HAVELLS IND GRINDWELL NORTON/
HAVELLS IND
 
P/E (TTM) x 44.5 61.7 72.1% View Chart
P/BV x 6.4 9.7 65.9% View Chart
Dividend Yield % 0.8 0.7 112.8%  

Financials

 GRINDWELL NORTON   HAVELLS IND
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
HAVELLS IND
Mar-17
GRINDWELL NORTON/
HAVELLS IND
5-Yr Chart
Click to enlarge
High Rs749475 157.6%   
Low Rs309304 101.7%   
Sales per share (Unadj.) Rs114.198.5 115.8%  
Earnings per share (Unadj.) Rs10.97.7 141.5%  
Cash flow per share (Unadj.) Rs14.79.6 152.8%  
Dividends per share (Unadj.) Rs4.003.50 114.3%  
Dividend yield (eoy) %0.80.9 84.2%  
Book value per share (Unadj.) Rs80.752.4 153.8%  
Shares outstanding (eoy) m110.72624.86 17.7%   
Bonus/Rights/Conversions B--  
Price / Sales ratio x4.64.0 117.2%   
Avg P/E ratio x48.450.5 96.0%  
P/CF ratio (eoy) x35.940.4 88.9%  
Price / Book Value ratio x6.67.4 88.3%  
Dividend payout %36.645.4 80.8%   
Avg Mkt Cap Rs m58,527243,258 24.1%   
No. of employees `0001.95.0 37.2%   
Total wages/salary Rs m1,7025,090 33.4%   
Avg. sales/employee Rs Th6,829.012,375.9 55.2%   
Avg. wages/employee Rs Th920.11,023.3 89.9%   
Avg. net profit/employee Rs Th653.5969.4 67.4%   
INCOME DATA
Net Sales Rs m12,63461,558 20.5%  
Other income Rs m3091,382 22.3%   
Total revenues Rs m12,94262,939 20.6%   
Gross profit Rs m1,9318,182 23.6%  
Depreciation Rs m4231,205 35.1%   
Interest Rs m20133 15.1%   
Profit before tax Rs m1,7978,225 21.9%   
Minority Interest Rs m0-48 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-1,068 0.0%   
Tax Rs m5882,288 25.7%   
Profit after tax Rs m1,2094,822 25.1%  
Gross profit margin %15.313.3 115.0%  
Effective tax rate %32.727.8 117.7%   
Net profit margin %9.67.8 122.2%  
BALANCE SHEET DATA
Current assets Rs m6,74832,344 20.9%   
Current liabilities Rs m2,61515,752 16.6%   
Net working cap to sales %32.727.0 121.4%  
Current ratio x2.62.1 125.7%  
Inventory Days Days7156 126.6%  
Debtors Days Days3714 269.1%  
Net fixed assets Rs m3,74312,665 29.6%   
Share capital Rs m554625 88.6%   
"Free" reserves Rs m8,37732,143 26.1%   
Net worth Rs m8,93032,768 27.3%   
Long term debt Rs m190-   
Total assets Rs m12,09932,344 37.4%  
Interest coverage x90.462.7 144.3%   
Debt to equity ratio x00-  
Sales to assets ratio x1.01.9 54.9%   
Return on assets %10.215.3 66.3%  
Return on equity %13.514.7 92.0%  
Return on capital %20.322.1 91.9%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,9532,767 70.6%   
Fx outflow Rs m3,8668,053 48.0%   
Net fx Rs m-1,913-5,286 36.2%   
CASH FLOW
From Operations Rs m1,6117,671 21.0%  
From Investments Rs m-328-2,160 15.2%  
From Financial Activity Rs m25-975 -2.5%  
Net Cashflow Rs m04,499 0.0%  

Share Holding

Indian Promoters % 7.7 61.6 12.5%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 2.6 393.8%  
FIIs % 3.0 26.0 11.5%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 9.8 284.7%  
Shareholders   12,133 71,756 16.9%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   PRAJ IND.LTD  PUNJ LLOYD   ELECON ENGINEERING  TECHNO ELECTRIC  SUZLON ENERGY  

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



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Feb 20, 2018 (Close)

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