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Compare GRINDWELL NORTON with Thermax Ltd - Equitymaster
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GRINDWELL NORTON vs THERMAX 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

THERMAX LTD 
   Change

Thermax Limited operates in a niche segment of the engineering sector, providing solutions in the energy and environment space. The company's key strengths lie in providing solutions for captive power plants and boilers for industrial customers acros... More

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Current Valuations

    GRINDWELL NORTON THERMAX LTD GRINDWELL NORTON/
THERMAX LTD
 
P/E (TTM) x 17.9 36.4 49.3% View Chart
P/BV x 3.2 4.5 71.5% View Chart
Dividend Yield % 1.6 0.7 246.2%  

Financials

 GRINDWELL NORTON   THERMAX LTD
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
THERMAX LTD
Mar-16
GRINDWELL NORTON/
THERMAX LTD
5-Yr Chart
Click to enlarge
High Rs8141,145 71.1%   
Low Rs595716 83.2%   
Sales per share (Unadj.) Rs213.6461.7 46.3%  
Earnings per share (Unadj.) Rs18.923.1 81.8%  
Cash flow per share (Unadj.) Rs26.534.0 77.8%  
Dividends per share (Unadj.) Rs6.506.00 108.3%  
Dividend yield (eoy) %0.90.6 143.1%  
Book value per share (Unadj.) Rs121.7197.6 61.6%  
Shares outstanding (eoy) m55.36119.16 46.5%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.32.0 163.6%   
Avg P/E ratio x37.340.3 92.6%  
P/CF ratio (eoy) x26.627.4 97.3%  
Price / Book Value ratio x5.84.7 123.0%  
Dividend payout %34.426.0 132.5%   
Avg Mkt Cap Rs m38,998110,861 35.2%   
No. of employees `0001.83.9 46.3%   
Total wages/salary Rs m1,5267,076 21.6%   
Avg. sales/employee Rs Th6,596.314,208.4 46.4%   
Avg. wages/employee Rs Th851.11,827.4 46.6%   
Avg. net profit/employee Rs Th583.4711.2 82.0%   
INCOME DATA
Net Sales Rs m11,82755,015 21.5%  
Other income Rs m2081,346 15.5%   
Total revenues Rs m12,03556,361 21.4%   
Gross profit Rs m1,8204,481 40.6%  
Depreciation Rs m4191,298 32.3%   
Interest Rs m24634 3.7%   
Profit before tax Rs m1,5863,894 40.7%   
Minority Interest Rs m-12343 -3.3%   
Prior Period Items Rs m0-16 0.0%   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m5281,468 36.0%   
Profit after tax Rs m1,0462,754 38.0%  
Gross profit margin %15.48.1 189.0%  
Effective tax rate %33.337.7 88.3%   
Net profit margin %8.85.0 176.7%  
BALANCE SHEET DATA
Current assets Rs m5,72342,082 13.6%   
Current liabilities Rs m2,72936,414 7.5%   
Net working cap to sales %25.310.3 245.7%  
Current ratio x2.11.2 181.4%  
Inventory Days Days7623 332.7%  
Debtors Days Days46101 45.9%  
Net fixed assets Rs m3,58114,471 24.7%   
Share capital Rs m277238 116.2%   
"Free" reserves Rs m6,46122,578 28.6%   
Net worth Rs m6,73823,551 28.6%   
Long term debt Rs m28336 8.3%   
Total assets Rs m9,95062,359 16.0%  
Interest coverage x67.97.1 951.2%   
Debt to equity ratio x00 28.9%  
Sales to assets ratio x1.20.9 134.7%   
Return on assets %10.85.4 197.9%  
Return on equity %15.511.7 132.8%  
Return on capital %23.620.3 116.2%  
Exports to sales %11.125.7 43.0%   
Imports to sales %28.44.3 654.9%   
Exports (fob) Rs m1,30714,141 9.2%   
Imports (cif) Rs m3,3562,384 140.8%   
Fx inflow Rs m1,85214,374 12.9%   
Fx outflow Rs m3,5553,276 108.5%   
Net fx Rs m-1,70311,098 -15.3%   
CASH FLOW
From Operations Rs m1,3584,134 32.9%  
From Investments Rs m-367-707 52.0%  
From Financial Activity Rs m-978-2,125 46.0%  
Net Cashflow Rs m131,302 1.0%  

Share Holding

Indian Promoters % 7.7 62.0 12.4%  
Foreign collaborators % 51.3 0.0 -  
Indian inst/Mut Fund % 10.1 6.8 148.8%  
FIIs % 3.0 16.6 18.1%  
ADR/GDR % 0.0 0.0 -  
Free float % 27.9 14.6 191.1%  
Shareholders   12,133 26,803 45.3%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   KIRLOSKAR BROS.  TECHNO ELECTRIC  EASUN REYROLLE  SIEMENS  NITIN FIRE PROTEC  

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



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