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Compare GRINDWELL NORTON with Jain Irrigation - Equitymaster
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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 44.3 27.6 160.4% View Chart
P/BV x 6.4 1.2 529.6% View Chart
Dividend Yield % 0.8 0.7 117.2%  

Financials

 GRINDWELL NORTON   JAIN IRRIGATION
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
JAIN IRRIGATION
Mar-17
GRINDWELL NORTON/
JAIN IRRIGATION
5-Yr Chart
Click to enlarge
High Rs749109 684.8%   
Low Rs30967 458.7%   
Sales per share (Unadj.) Rs114.1147.1 77.6%  
Earnings per share (Unadj.) Rs10.93.8 285.1%  
Cash flow per share (Unadj.) Rs14.710.4 142.0%  
Dividends per share (Unadj.) Rs4.000.75 533.3%  
Dividend yield (eoy) %0.80.8 89.1%  
Book value per share (Unadj.) Rs80.790.4 89.3%  
Shares outstanding (eoy) m110.72460.17 24.1%   
Bonus/Rights/Conversions B--  
Price / Sales ratio x4.60.6 771.8%   
Avg P/E ratio x48.423.1 210.0%  
P/CF ratio (eoy) x35.98.5 421.7%  
Price / Book Value ratio x6.61.0 670.6%  
Dividend payout %36.619.6 187.1%   
Avg Mkt Cap Rs m58,52740,633 144.0%   
No. of employees `0001.99.8 18.9%   
Total wages/salary Rs m1,7027,383 23.1%   
Avg. sales/employee Rs Th6,829.06,929.2 98.6%   
Avg. wages/employee Rs Th920.1755.7 121.8%   
Avg. net profit/employee Rs Th653.5180.4 362.3%   
INCOME DATA
Net Sales Rs m12,63467,698 18.7%  
Other income Rs m309612 50.4%   
Total revenues Rs m12,94268,310 18.9%   
Gross profit Rs m1,9319,425 20.5%  
Depreciation Rs m4233,014 14.0%   
Interest Rs m204,594 0.4%   
Profit before tax Rs m1,7972,430 74.0%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m588667 88.2%   
Profit after tax Rs m1,2091,762 68.6%  
Gross profit margin %15.313.9 109.8%  
Effective tax rate %32.727.5 119.2%   
Net profit margin %9.62.6 367.6%  
BALANCE SHEET DATA
Current assets Rs m6,74857,798 11.7%   
Current liabilities Rs m2,61540,538 6.5%   
Net working cap to sales %32.725.5 128.3%  
Current ratio x2.61.4 181.0%  
Inventory Days Days71122 58.3%  
Debtors Days Days37123 29.9%  
Net fixed assets Rs m3,74344,214 8.5%   
Share capital Rs m554959 57.7%   
"Free" reserves Rs m8,37740,619 20.6%   
Net worth Rs m8,93041,578 21.5%   
Long term debt Rs m1922,199 0.1%   
Total assets Rs m12,099111,555 10.8%  
Interest coverage x90.41.5 5,913.5%   
Debt to equity ratio x00.5 0.4%  
Sales to assets ratio x1.00.6 172.1%   
Return on assets %10.25.7 178.3%  
Return on equity %13.54.2 319.4%  
Return on capital %20.311.0 184.4%  
Exports to sales %04.7 0.0%   
Imports to sales %07.3 0.0%   
Exports (fob) Rs mNA3,183 0.0%   
Imports (cif) Rs mNA4,923 0.0%   
Fx inflow Rs m1,9533,183 61.4%   
Fx outflow Rs m3,8665,849 66.1%   
Net fx Rs m-1,913-2,667 71.7%   
CASH FLOW
From Operations Rs m1,6116,738 23.9%  
From Investments Rs m-328-4,169 7.9%  
From Financial Activity Rs m25-5,200 -0.5%  
Net Cashflow Rs m0-2,631 0.0%  

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:   VA TECH WABAG  SHANTHI GEARS  SWELECT ENERGY SYSTEMS  KIRLOSKAR INDUSTRIES  AUSTIN ENGG.  

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



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Feb 22, 2018 (Close)

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