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Compare GRINDWELL NORTON with JAYASWAL NECO - Equitymaster
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GRINDWELL NORTON vs JAYASWAL NECO - 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

JAYASWAL NECO 
   Change

Jayaswals Neco Ltd (JNL) is an amalgam of three Neco group companies, Nagpur Engineering Company Ltd (Neco), Nagpur Alloy Castings Ltd (NACL) and the erstwhile Jayaswals Neco Ltd (JNL). NACL and the erstwhile JNL were amalgamated into Neco and the co... More

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Current Valuations

    GRINDWELL NORTON JAYASWAL NECO GRINDWELL NORTON/
JAYASWAL NECO
 
P/E (TTM) x 18.0 -1.1 - View Chart
P/BV x 3.3 0.2 1,358.4% View Chart
Dividend Yield % 1.6 0.0 -  

Financials

 GRINDWELL NORTON   JAYASWAL NECO
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
JAYASWAL NECO
Mar-16
GRINDWELL NORTON/
JAYASWAL NECO
5-Yr Chart
Click to enlarge
High Rs81411 7,463.3%   
Low Rs5957 9,021.2%   
Sales per share (Unadj.) Rs213.641.2 518.3%  
Earnings per share (Unadj.) Rs18.9-1.5 -1,289.4%  
Cash flow per share (Unadj.) Rs26.5-0.2 -13,124.8%  
Dividends per share (Unadj.) Rs6.500-  
Dividend yield (eoy) %0.90-  
Book value per share (Unadj.) Rs121.733.2 366.5%  
Shares outstanding (eoy) m55.36638.63 8.7%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.30.2 1,553.4%   
Avg P/E ratio x37.3-6.0 -624.4%  
P/CF ratio (eoy) x26.6-43.4 -61.3%  
Price / Book Value ratio x5.80.3 2,196.7%  
Dividend payout %34.40-   
Avg Mkt Cap Rs m38,9985,588 697.9%   
No. of employees `0001.83.6 49.7%   
Total wages/salary Rs m1,5261,319 115.7%   
Avg. sales/employee Rs Th6,596.37,298.6 90.4%   
Avg. wages/employee Rs Th851.1365.6 232.8%   
Avg. net profit/employee Rs Th583.4-259.5 -224.9%   
INCOME DATA
Net Sales Rs m11,82726,326 44.9%  
Other income Rs m208343 60.7%   
Total revenues Rs m12,03526,669 45.1%   
Gross profit Rs m1,8202,284 79.7%  
Depreciation Rs m419807 52.0%   
Interest Rs m242,175 1.1%   
Profit before tax Rs m1,586-354 -447.8%   
Minority Interest Rs m-120-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-750 0.0%   
Tax Rs m528-169 -313.2%   
Profit after tax Rs m1,046-936 -111.8%  
Gross profit margin %15.48.7 177.4%  
Effective tax rate %33.347.6 69.9%   
Net profit margin %8.8-3.6 -248.8%  
BALANCE SHEET DATA
Current assets Rs m5,72313,349 42.9%   
Current liabilities Rs m2,72917,437 15.7%   
Net working cap to sales %25.3-15.5 -163.0%  
Current ratio x2.10.8 273.9%  
Inventory Days Days7687 86.7%  
Debtors Days Days4643 106.7%  
Net fixed assets Rs m3,58150,589 7.1%   
Share capital Rs m2776,386 4.3%   
"Free" reserves Rs m6,46114,043 46.0%   
Net worth Rs m6,73821,208 31.8%   
Long term debt Rs m2830,459 0.1%   
Total assets Rs m9,95070,975 14.0%  
Interest coverage x67.90.8 8,111.0%   
Debt to equity ratio x01.4 0.3%  
Sales to assets ratio x1.20.4 320.5%   
Return on assets %10.81.7 616.0%  
Return on equity %15.5-4.4 -351.8%  
Return on capital %23.62.1 1,140.2%  
Exports to sales %11.10.2 4,708.3%   
Imports to sales %28.42.7 1,054.7%   
Exports (fob) Rs m1,30762 2,115.2%   
Imports (cif) Rs m3,356708 473.8%   
Fx inflow Rs m1,85264 2,907.3%   
Fx outflow Rs m3,555719 494.8%   
Net fx Rs m-1,703-655 260.1%   
CASH FLOW
From Operations Rs m1,3585,208 26.1%  
From Investments Rs m-367-269 136.5%  
From Financial Activity Rs m-978-5,064 19.3%  
Net Cashflow Rs m13-125 -10.6%  

Share Holding

Indian Promoters % 7.7 68.8 11.2%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 2.2 460.0%  
FIIs % 3.0 0.0 -  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 29.0 96.2%  
Shareholders   12,133 41,592 29.2%  
Pledged promoter(s) holding % 0.0 12.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   EIMCO ELECON  PATELS AIRTEMP  BHARAT BIJLEE  WALCHANDNAGAR  ELECON ENGINEERING  

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



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