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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 43.2 49.6 87.1% View Chart
P/BV x 6.2 5.4 114.3% View Chart
Dividend Yield % 0.8 0.5 154.0%  

Financials

 GRINDWELL NORTON   THERMAX LTD
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-17
THERMAX LTD
Mar-17
GRINDWELL NORTON/
THERMAX LTD
5-Yr Chart
Click to enlarge
High Rs7491,005 74.5%   
Low Rs309691 44.7%   
Sales per share (Unadj.) Rs114.1376.2 30.3%  
Earnings per share (Unadj.) Rs10.918.1 60.2%  
Cash flow per share (Unadj.) Rs14.725.0 58.9%  
Dividends per share (Unadj.) Rs4.006.00 66.7%  
Dividend yield (eoy) %0.80.7 106.9%  
Book value per share (Unadj.) Rs80.7213.0 37.9%  
Shares outstanding (eoy) m110.72119.16 92.9%   
Bonus/Rights/Conversions B--  
Price / Sales ratio x4.62.3 205.6%   
Avg P/E ratio x48.446.7 103.6%  
P/CF ratio (eoy) x35.933.9 105.8%  
Price / Book Value ratio x6.64.0 164.6%  
Dividend payout %36.633.1 110.8%   
Avg Mkt Cap Rs m58,527101,018 57.9%   
No. of employees `0001.93.5 53.0%   
Total wages/salary Rs m1,7026,864 24.8%   
Avg. sales/employee Rs Th6,829.012,852.9 53.1%   
Avg. wages/employee Rs Th920.11,967.9 46.8%   
Avg. net profit/employee Rs Th653.5619.7 105.5%   
INCOME DATA
Net Sales Rs m12,63444,831 28.2%  
Other income Rs m3091,141 27.0%   
Total revenues Rs m12,94245,971 28.2%   
Gross profit Rs m1,9315,052 38.2%  
Depreciation Rs m423819 51.6%   
Interest Rs m20819 2.5%   
Profit before tax Rs m1,7974,554 39.5%   
Minority Interest Rs m0-655 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m0-178 0.0%   
Tax Rs m5881,560 37.7%   
Profit after tax Rs m1,2092,161 55.9%  
Gross profit margin %15.311.3 135.7%  
Effective tax rate %32.734.3 95.6%   
Net profit margin %9.64.8 198.5%  
BALANCE SHEET DATA
Current assets Rs m6,74832,974 20.5%   
Current liabilities Rs m2,61523,652 11.1%   
Net working cap to sales %32.720.8 157.3%  
Current ratio x2.61.4 185.1%  
Inventory Days Days7123 307.7%  
Debtors Days Days3784 43.7%  
Net fixed assets Rs m3,7438,066 46.4%   
Share capital Rs m554225 245.8%   
"Free" reserves Rs m8,37725,151 33.3%   
Net worth Rs m8,93025,376 35.2%   
Long term debt Rs m19460 4.2%   
Total assets Rs m12,09950,605 23.9%  
Interest coverage x90.46.6 1,378.1%   
Debt to equity ratio x00 11.9%  
Sales to assets ratio x1.00.9 117.9%   
Return on assets %10.25.9 172.5%  
Return on equity %13.58.5 158.9%  
Return on capital %20.317.6 115.6%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,9536,310 30.9%   
Fx outflow Rs m3,8660-   
Net fx Rs m-1,9136,310 -30.3%   
CASH FLOW
From Operations Rs m1,6113,346 48.1%  
From Investments Rs m-328-750 43.8%  
From Financial Activity Rs m25-1,256 -2.0%  
Net Cashflow Rs m01,097 0.0%  

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:   ADOR WELDING  GREAVES COTTON  JAYASWAL NECO  PATELS AIRTEMP  EMCO LTD  

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



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