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Compare GRINDWELL NORTON with Lakshmi Machine - Equitymaster
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GRINDWELL NORTON vs LAKSHMI MACHINE - 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

LAKSHMI MACHINE 
   Change

Lakshmi Machine Works (LMW) is a leading textile machinery manufacturer in India and one among the three in the world to produce the entire range of spinning machinery from blowroom to ring spinning. The company also has a foundry division, where it ... More

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Current Valuations

    GRINDWELL NORTON LAKSHMI MACHINE GRINDWELL NORTON/
LAKSHMI MACHINE
 
P/E (TTM) x 43.2 37.3 115.7% View Chart
P/BV x 6.2 4.9 126.2% View Chart
Dividend Yield % 0.8 0.6 141.5%  

Financials

 GRINDWELL NORTON   LAKSHMI MACHINE
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
LAKSHMI MACHINE
Mar-17
GRINDWELL NORTON/
LAKSHMI MACHINE
5-Yr Chart
Click to enlarge
High Rs7494,699 15.9%   
Low Rs3093,300 9.4%   
Sales per share (Unadj.) Rs114.12,217.6 5.1%  
Earnings per share (Unadj.) Rs10.9165.4 6.6%  
Cash flow per share (Unadj.) Rs14.7236.3 6.2%  
Dividends per share (Unadj.) Rs4.0035.00 11.4%  
Dividend yield (eoy) %0.80.9 86.5%  
Book value per share (Unadj.) Rs80.71,382.8 5.8%  
Shares outstanding (eoy) m110.7211.27 982.4%   
Bonus/Rights/Conversions B--  
Price / Sales ratio x4.61.8 256.9%   
Avg P/E ratio x48.424.2 200.2%  
P/CF ratio (eoy) x35.916.9 211.9%  
Price / Book Value ratio x6.62.9 226.6%  
Dividend payout %36.621.2 173.1%   
Avg Mkt Cap Rs m58,52745,074 129.8%   
No. of employees `0001.93.4 54.4%   
Total wages/salary Rs m1,7022,517 67.6%   
Avg. sales/employee Rs Th6,829.07,350.6 92.9%   
Avg. wages/employee Rs Th920.1740.2 124.3%   
Avg. net profit/employee Rs Th653.5548.3 119.2%   
INCOME DATA
Net Sales Rs m12,63424,992 50.6%  
Other income Rs m309885 34.9%   
Total revenues Rs m12,94225,877 50.0%   
Gross profit Rs m1,9312,590 74.6%  
Depreciation Rs m423799 52.9%   
Interest Rs m204 478.6%   
Profit before tax Rs m1,7972,672 67.3%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-47 0.0%   
Tax Rs m588760 77.4%   
Profit after tax Rs m1,2091,864 64.9%  
Gross profit margin %15.310.4 147.5%  
Effective tax rate %32.728.5 115.0%   
Net profit margin %9.67.5 128.3%  
BALANCE SHEET DATA
Current assets Rs m6,74816,179 41.7%   
Current liabilities Rs m2,6157,082 36.9%   
Net working cap to sales %32.736.4 89.9%  
Current ratio x2.62.3 113.0%  
Inventory Days Days7153 133.5%  
Debtors Days Days3728 132.6%  
Net fixed assets Rs m3,7435,256 71.2%   
Share capital Rs m554110 505.1%   
"Free" reserves Rs m8,37715,474 54.1%   
Net worth Rs m8,93015,584 57.3%   
Long term debt Rs m190-   
Total assets Rs m12,09923,668 51.1%  
Interest coverage x90.4637.1 14.2%   
Debt to equity ratio x00-  
Sales to assets ratio x1.01.1 98.9%   
Return on assets %10.27.9 128.7%  
Return on equity %13.512.0 113.2%  
Return on capital %20.316.9 120.4%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,9533,465 56.4%   
Fx outflow Rs m3,8662,563 150.9%   
Net fx Rs m-1,913903 -212.0%   
CASH FLOW
From Operations Rs m1,6111,369 117.7%  
From Investments Rs m-328683 -48.0%  
From Financial Activity Rs m25-1,951 -1.3%  
Net Cashflow Rs m0101 0.0%  

Share Holding

Indian Promoters % 7.7 28.4 27.1%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 23.1 43.8%  
FIIs % 3.0 1.9 157.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 46.7 59.7%  
Shareholders   12,133 24,458 49.6%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   JAYASWAL NECO  GE T&D INDIA  ECE INDUSTRIES  V GUARD IND.  GUJ.APOLLO INDUS  

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



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