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GRINDWELL NORTON vs JAIN IRRIGATION - 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

JAIN IRRIGATION 
   Change

Jain Irrigation Systems Limited is the pioneer in the field of micro irrigation systems (drip irrigation) in India and commands over 60% share of the market. The company also manufactures plastic sheets and has recently introduced solar water heaters... More

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Current Valuations

    GRINDWELL NORTON JAIN IRRIGATION GRINDWELL NORTON/
JAIN IRRIGATION
 
P/E (TTM) x 62.1 -3.0 - View Chart
P/BV x 9.6 0.2 4,115.2% View Chart
Dividend Yield % 0.6 4.3 14.6%  

Financials

 GRINDWELL NORTON   JAIN IRRIGATION
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-19
JAIN IRRIGATION
Mar-19
GRINDWELL NORTON/
JAIN IRRIGATION
5-Yr Chart
Click to enlarge
High Rs594118 501.6%   
Low Rs48255 874.6%   
Sales per share (Unadj.) Rs144.3172.8 83.5%  
Earnings per share (Unadj.) Rs15.25.1 297.5%  
Cash flow per share (Unadj.) Rs19.311.4 169.1%  
Dividends per share (Unadj.) Rs6.001.00 600.0%  
Dividend yield (eoy) %1.11.2 96.8%  
Book value per share (Unadj.) Rs99.288.9 111.5%  
Shares outstanding (eoy) m110.72496.37 22.3%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.70.5 742.3%   
Avg P/E ratio x35.316.9 208.4%  
P/CF ratio (eoy) x27.87.6 366.6%  
Price / Book Value ratio x5.41.0 555.9%  
Dividend payout %39.419.5 201.7%   
Avg Mkt Cap Rs m59,55643,060 138.3%   
No. of employees `0002.08.0 24.6%   
Total wages/salary Rs m1,9269,678 19.9%   
Avg. sales/employee Rs Th8,170.010,773.7 75.8%   
Avg. wages/employee Rs Th984.61,215.7 81.0%   
Avg. net profit/employee Rs Th862.6319.3 270.1%   
INCOME DATA
Net Sales Rs m15,98185,769 18.6%  
Other income Rs m3542,714 13.0%   
Total revenues Rs m16,33488,483 18.5%   
Gross profit Rs m2,7189,294 29.2%  
Depreciation Rs m4523,129 14.5%   
Interest Rs m155,137 0.3%   
Profit before tax Rs m2,6043,742 69.6%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m9171,199 76.5%   
Profit after tax Rs m1,6872,542 66.4%  
Gross profit margin %17.010.8 157.0%  
Effective tax rate %35.232.1 109.9%   
Net profit margin %10.63.0 356.2%  
BALANCE SHEET DATA
Current assets Rs m8,59166,211 13.0%   
Current liabilities Rs m2,88747,980 6.0%   
Net working cap to sales %35.721.3 167.9%  
Current ratio x3.01.4 215.6%  
Inventory Days Days75106 71.0%  
Debtors Days Days47127 36.8%  
Net fixed assets Rs m3,88057,849 6.7%   
Share capital Rs m5541,031 53.7%   
"Free" reserves Rs m10,42643,100 24.2%   
Net worth Rs m10,97944,131 24.9%   
Long term debt Rs m029,395 0.0%   
Total assets Rs m14,493128,788 11.3%  
Interest coverage x174.61.7 10,103.9%   
Debt to equity ratio x00.7 0.0%  
Sales to assets ratio x1.10.7 165.6%   
Return on assets %11.76.0 197.0%  
Return on equity %15.45.8 266.8%  
Return on capital %23.912.1 197.6%  
Exports to sales %04.6 0.0%   
Imports to sales %06.2 0.0%   
Exports (fob) Rs mNA3,959 0.0%   
Imports (cif) Rs mNA5,323 0.0%   
Fx inflow Rs m2,9273,959 73.9%   
Fx outflow Rs m5,1576,291 82.0%   
Net fx Rs m-2,230-2,333 95.6%   
CASH FLOW
From Operations Rs m8451,564 54.1%  
From Investments Rs m-538-3,463 15.5%  
From Financial Activity Rs m-6821,105 -61.8%  
Net Cashflow Rs m-384-795 48.3%  

Share Holding

Indian Promoters % 7.7 30.4 25.3%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 0.5 2,024.0%  
FIIs % 3.0 3.3 90.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 65.9 42.3%  
Shareholders   12,133 54,175 22.4%  
Pledged promoter(s) holding % 0.0 36.1 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   TECHNO ELECTRIC  ELGI EQUIPMENTS  WELSPUN CORP  FAIRFILED ATLAS   WALCHANDNAGAR  

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



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Mar 4, 2021 | Updated on Mar 4, 2021

JAIN IRRIGATION share price is trading up by 5% and its current market price is Rs 24. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index is JAIN IRRIGATION (up 5.4%). The top losers are FINOLEX CABLES and SCHAEFFLER INDIA (down 0.1%).

GRINDWELL NORTON Announces Quarterly Results (1QFY21); Net Profit Down 34.2% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, GRINDWELL NORTON has posted a net profit of Rs 282 m (down 34.2% YoY). Sales on the other hand came in at Rs 2 bn (down 43.5% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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GRINDWELL NORTON Announces Quarterly Results (4QFY20); Net Profit Down 2.5% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, GRINDWELL NORTON has posted a net profit of Rs 418 m (down 2.5% YoY). Sales on the other hand came in at Rs 4 bn (down 9.7% YoY). Read on for a complete analysis of GRINDWELL NORTON'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.

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Mar 4, 2021 (Close)

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