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Compare GRINDWELL NORTON with Jindal Saw Ltd - Equitymaster
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GRINDWELL NORTON vs JINDAL SAW LTD - 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

JINDAL SAW LTD 
   Change

SAW Pipes (SPL), a member of the Jindal Group, is the only company in India that manufactures UOE pipes in technical collaboration with UEC Pittsburgh of USA. It manufactures UOE submerged arc welded steel tubes and cold rolled strips of various grad... More

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Current Valuations

    GRINDWELL NORTON JINDAL SAW LTD GRINDWELL NORTON/
JINDAL SAW LTD
 
P/E (TTM) x 17.9 8.5 211.4% View Chart
P/BV x 3.2 0.7 454.2% View Chart
Dividend Yield % 1.6 1.1 151.9%  

Financials

 GRINDWELL NORTON   JINDAL SAW LTD
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
JINDAL SAW LTD
Mar-14
GRINDWELL NORTON/
JINDAL SAW LTD
5-Yr Chart
Click to enlarge
High Rs81493 875.7%   
Low Rs59538 1,571.0%   
Sales per share (Unadj.) Rs213.6241.0 88.7%  
Earnings per share (Unadj.) Rs18.9-3.1 -610.1%  
Cash flow per share (Unadj.) Rs26.58.5 310.2%  
Dividends per share (Unadj.) Rs6.501.00 650.0%  
Dividend yield (eoy) %0.91.5 60.3%  
Book value per share (Unadj.) Rs121.7129.2 94.2%  
Shares outstanding (eoy) m55.36276.23 20.0%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.30.3 1,214.9%   
Avg P/E ratio x37.3-21.1 -176.5%  
P/CF ratio (eoy) x26.67.7 347.3%  
Price / Book Value ratio x5.80.5 1,143.3%  
Dividend payout %34.4-32.3 -106.5%   
Avg Mkt Cap Rs m38,99818,065 215.9%   
No. of employees `0001.8NA-   
Total wages/salary Rs m1,5265,212 29.3%   
Avg. sales/employee Rs Th6,596.3NM-  
Avg. wages/employee Rs Th851.1NM-  
Avg. net profit/employee Rs Th583.4NM-  
INCOME DATA
Net Sales Rs m11,82766,559 17.8%  
Other income Rs m208953 21.8%   
Total revenues Rs m12,03567,512 17.8%   
Gross profit Rs m1,8206,401 28.4%  
Depreciation Rs m4193,213 13.1%   
Interest Rs m243,920 0.6%   
Profit before tax Rs m1,586222 715.2%   
Minority Interest Rs m-12147 -7.8%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-677 0.0%   
Tax Rs m528547 96.6%   
Profit after tax Rs m1,046-856 -122.3%  
Gross profit margin %15.49.6 160.0%  
Effective tax rate %33.3246.5 13.5%   
Net profit margin %8.8-1.3 -688.1%  
BALANCE SHEET DATA
Current assets Rs m5,72350,117 11.4%   
Current liabilities Rs m2,72938,565 7.1%   
Net working cap to sales %25.317.4 145.8%  
Current ratio x2.11.3 161.4%  
Inventory Days Days76105 72.0%  
Debtors Days Days4696 48.4%  
Net fixed assets Rs m3,58160,322 5.9%   
Share capital Rs m277553 50.1%   
"Free" reserves Rs m6,46132,942 19.6%   
Net worth Rs m6,73835,684 18.9%   
Long term debt Rs m2834,927 0.1%   
Total assets Rs m9,950114,158 8.7%  
Interest coverage x67.91.1 6,426.8%   
Debt to equity ratio x01.0 0.4%  
Sales to assets ratio x1.20.6 203.9%   
Return on assets %10.82.7 400.6%  
Return on equity %15.5-2.4 -647.6%  
Return on capital %23.65.1 461.8%  
Exports to sales %11.124.8 44.5%   
Imports to sales %28.419.5 145.6%   
Exports (fob) Rs m1,30716,530 7.9%   
Imports (cif) Rs m3,35612,968 25.9%   
Fx inflow Rs m1,85216,613 11.1%   
Fx outflow Rs m3,55514,854 23.9%   
Net fx Rs m-1,7031,759 -96.8%   
CASH FLOW
From Operations Rs m1,3581,086 125.1%  
From Investments Rs m-367-6,153 6.0%  
From Financial Activity Rs m-9783,591 -27.2%  
Net Cashflow Rs m13-1,476 -0.9%  

Share Holding

Indian Promoters % 7.7 34.8 22.1%  
Foreign collaborators % 51.3 11.4 450.0%  
Indian inst/Mut Fund % 10.1 11.9 84.8%  
FIIs % 3.0 18.1 16.6%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 23.7 117.7%  
Shareholders   12,133 36,525 33.2%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   HERCULES HOISTS  FINOLEX CABLES  WENDT (INDIA)  ECE INDUSTRIES  ESAB INDIA  

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



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