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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 33.6 -0.5 - View Chart
P/BV x 5.8 0.1 5,701.1% View Chart
Dividend Yield % 1.0 0.0 -  

Financials

 GRINDWELL NORTON   JAYASWAL NECO
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-18
JAYASWAL NECO
Mar-16
GRINDWELL NORTON/
JAYASWAL NECO
5-Yr Chart
Click to enlarge
High Rs56011 5,138.5%   
Low Rs3487 5,272.7%   
Sales per share (Unadj.) Rs129.241.2 313.5%  
Earnings per share (Unadj.) Rs13.6-1.5 -929.9%  
Cash flow per share (Unadj.) Rs17.7-0.2 -8,765.3%  
Dividends per share (Unadj.) Rs5.000-  
Dividend yield (eoy) %1.10-  
Book value per share (Unadj.) Rs89.533.2 269.4%  
Shares outstanding (eoy) m110.72638.63 17.3%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.50.2 1,655.1%   
Avg P/E ratio x33.3-6.0 -558.0%  
P/CF ratio (eoy) x25.7-43.4 -59.2%  
Price / Book Value ratio x5.10.3 1,926.2%  
Dividend payout %36.70-   
Avg Mkt Cap Rs m50,2725,588 899.6%   
No. of employees `0001.83.6 50.5%   
Total wages/salary Rs m1,7681,319 134.1%   
Avg. sales/employee Rs Th7,862.57,298.6 107.7%   
Avg. wages/employee Rs Th971.4365.6 265.7%   
Avg. net profit/employee Rs Th829.1-259.5 -319.5%   
INCOME DATA
Net Sales Rs m14,31026,326 54.4%  
Other income Rs m270343 78.5%   
Total revenues Rs m14,57926,669 54.7%   
Gross profit Rs m2,4692,284 108.1%  
Depreciation Rs m448807 55.6%   
Interest Rs m152,175 0.7%   
Profit before tax Rs m2,275-354 -642.4%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-750 0.0%   
Tax Rs m766-169 -454.2%   
Profit after tax Rs m1,509-936 -161.2%  
Gross profit margin %17.38.7 198.8%  
Effective tax rate %33.747.6 70.7%   
Net profit margin %10.5-3.6 -296.6%  
BALANCE SHEET DATA
Current assets Rs m7,76413,349 58.2%   
Current liabilities Rs m2,93017,437 16.8%   
Net working cap to sales %33.8-15.5 -217.5%  
Current ratio x2.60.8 346.1%  
Inventory Days Days6987 79.3%  
Debtors Days Days4543 104.0%  
Net fixed assets Rs m3,66750,589 7.2%   
Share capital Rs m5546,386 8.7%   
"Free" reserves Rs m9,35214,043 66.6%   
Net worth Rs m9,90521,208 46.7%   
Long term debt Rs m030,459 0.0%   
Total assets Rs m13,43870,975 18.9%  
Interest coverage x149.70.8 17,878.4%   
Debt to equity ratio x01.4 0.0%  
Sales to assets ratio x1.10.4 287.1%   
Return on assets %11.31.7 649.9%  
Return on equity %15.2-4.4 -345.2%  
Return on capital %23.12.1 1,116.1%  
Exports to sales %00.2 0.0%   
Imports to sales %02.7 0.0%   
Exports (fob) Rs mNA62 0.0%   
Imports (cif) Rs mNA708 0.0%   
Fx inflow Rs m2,42764 3,809.9%   
Fx outflow Rs m5,057719 703.7%   
Net fx Rs m-2,630-655 401.6%   
CASH FLOW
From Operations Rs m1,3375,208 25.7%  
From Investments Rs m-458-269 170.2%  
From Financial Activity Rs m-601-5,064 11.9%  
Net Cashflow Rs m299-125 -238.7%  

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:   SHANTHI GEARS  SUZLON ENERGY  SANGHVI MOVERS  NITIN FIRE PROTEC  EASUN REYROLLE  

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



Today's Market

Sensex Opens Flat; Metal & Capital Goods' Stocks Lag(09:30 am)

Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.4% and the Nikkei 225 rose 0.2%.

Related Views on News

JAYASWAL NECO Announces Quarterly Results (3QFY19); Net Profit Up 29.0% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, JAYASWAL NECO has posted a net profit of Rs 1 bn (up 29.0% YoY). Sales on the other hand came in at Rs 11 bn (up 32.3% YoY). Read on for a complete analysis of JAYASWAL NECO's quarterly results.

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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JAYASWAL NECO Announces Quarterly Results (2QFY19); Net Profit Down 22.5% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, JAYASWAL NECO has posted a net profit of Rs 862 m (down 22.5% YoY). Sales on the other hand came in at Rs 12 bn (up 40.1% YoY). Read on for a complete analysis of JAYASWAL NECO's quarterly results.

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