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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 33.3 9.1 367.4% View Chart
P/BV x 5.7 0.6 1,038.5% View Chart
Dividend Yield % 1.0 1.9 52.8%  

Financials

 GRINDWELL NORTON   JAIN IRRIGATION
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-18
JAIN IRRIGATION
Mar-18
GRINDWELL NORTON/
JAIN IRRIGATION
5-Yr Chart
Click to enlarge
High Rs560150 372.4%   
Low Rs34883 420.3%   
Sales per share (Unadj.) Rs129.2160.1 80.7%  
Earnings per share (Unadj.) Rs13.64.5 305.7%  
Cash flow per share (Unadj.) Rs17.711.3 156.7%  
Dividends per share (Unadj.) Rs5.001.00 500.0%  
Dividend yield (eoy) %1.10.9 128.4%  
Book value per share (Unadj.) Rs89.587.7 102.1%  
Shares outstanding (eoy) m110.72496.37 22.3%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.50.7 482.4%   
Avg P/E ratio x33.326.2 127.4%  
P/CF ratio (eoy) x25.710.3 248.5%  
Price / Book Value ratio x5.11.3 381.6%  
Dividend payout %36.722.4 163.6%   
Avg Mkt Cap Rs m50,27257,877 86.9%   
No. of employees `0001.88.2 22.3%   
Total wages/salary Rs m1,7688,890 19.9%   
Avg. sales/employee Rs Th7,862.59,726.8 80.8%   
Avg. wages/employee Rs Th971.41,088.1 89.3%   
Avg. net profit/employee Rs Th829.1270.9 306.1%   
INCOME DATA
Net Sales Rs m14,31079,468 18.0%  
Other income Rs m270573 47.0%   
Total revenues Rs m14,57980,041 18.2%   
Gross profit Rs m2,46910,591 23.3%  
Depreciation Rs m4483,386 13.2%   
Interest Rs m154,786 0.3%   
Profit before tax Rs m2,2752,992 76.0%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m766779 98.3%   
Profit after tax Rs m1,5092,213 68.2%  
Gross profit margin %17.313.3 129.5%  
Effective tax rate %33.726.0 129.3%   
Net profit margin %10.52.8 378.7%  
BALANCE SHEET DATA
Current assets Rs m7,76463,899 12.2%   
Current liabilities Rs m2,93045,673 6.4%   
Net working cap to sales %33.822.9 147.3%  
Current ratio x2.61.4 189.4%  
Inventory Days Days69113 61.5%  
Debtors Days Days45116 38.9%  
Net fixed assets Rs m3,66746,758 7.8%   
Share capital Rs m5541,031 53.7%   
"Free" reserves Rs m9,35242,479 22.0%   
Net worth Rs m9,90543,511 22.8%   
Long term debt Rs m026,489 0.0%   
Total assets Rs m13,438122,679 11.0%  
Interest coverage x149.71.6 9,209.9%   
Debt to equity ratio x00.6 0.0%  
Sales to assets ratio x1.10.6 164.4%   
Return on assets %11.35.7 198.8%  
Return on equity %15.25.1 299.5%  
Return on capital %23.111.1 208.1%  
Exports to sales %04.5 0.0%   
Imports to sales %07.2 0.0%   
Exports (fob) Rs mNA3,553 0.0%   
Imports (cif) Rs mNA5,694 0.0%   
Fx inflow Rs m2,4273,553 68.3%   
Fx outflow Rs m5,0576,854 73.8%   
Net fx Rs m-2,630-3,301 79.7%   
CASH FLOW
From Operations Rs m1,33713,126 10.2%  
From Investments Rs m-458-10,597 4.3%  
From Financial Activity Rs m-601-1,672 36.0%  
Net Cashflow Rs m299858 34.8%  

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:   CG POWER & INDUSTRIAL SOLUTIONS LTD  BANCO PROD.  SIEMENS  LAKSHMI MACHINE  ABB INDIA LTD.  

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



Today's Market

Sensex Ends 311 Points Lower; Consumer Durables and Energy Stocks Witness Selling(Closing)

Indian share markets witnessed selling pressure throughout the day and ended their trading session lower. Barring telecom sector and realty sector.

Related Views on News

JAIN IRRIGATION 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of JAIN IRRIGATION for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JAIN IRRIGATION. Also includes updates on the valuation of JAIN IRRIGATION.

GRINDWELL NORTON Announces Quarterly Results (2QFY19); Net Profit Up 13.0% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, GRINDWELL NORTON has posted a net profit of Rs 407 m (up 13.0% YoY). Sales on the other hand came in at Rs 4 bn (up 21.0% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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GRINDWELL NORTON Announces Quarterly Results (1QFY19); Net Profit Up 43.9% (Quarterly Result Update)

Jul 30, 2018 | Updated on Jul 30, 2018

For the quarter ended June 2018, GRINDWELL NORTON has posted a net profit of Rs 436 m (up 43.9% YoY). Sales on the other hand came in at Rs 4 bn (up 5.7% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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