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Compare GRINDWELL NORTON with Welspun Corp - Equitymaster
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GRINDWELL NORTON vs WELSPUN CORP - 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

WELSPUN CORP 
   Change

Welspun Ltd., the flagship company of the US$ 3 bn Welspun Group, is the second largest (large diameter) pipe producer in the world. Incorporated in 1995, it manufactures pipe and related niche products. The energy transportation sector (oil, gas, cr... More

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Current Valuations

    GRINDWELL NORTON WELSPUN CORP GRINDWELL NORTON/
WELSPUN CORP
 
P/E (TTM) x 17.7 22.7 77.9% View Chart
P/BV x 3.2 1.1 294.7% View Chart
Dividend Yield % 1.7 0.4 422.0%  

Financials

 GRINDWELL NORTON   WELSPUN CORP
EQUITY SHARE DATA
    GRINDWELL NORTON
Mar-16
WELSPUN CORP
Mar-16
GRINDWELL NORTON/
WELSPUN CORP
5-Yr Chart
Click to enlarge
High Rs814154 529.6%   
Low Rs59553 1,125.5%   
Sales per share (Unadj.) Rs213.6313.7 68.1%  
Earnings per share (Unadj.) Rs18.98.6 220.3%  
Cash flow per share (Unadj.) Rs26.525.7 103.0%  
Dividends per share (Unadj.) Rs6.500.50 1,300.0%  
Dividend yield (eoy) %0.90.5 190.5%  
Book value per share (Unadj.) Rs121.7115.5 105.3%  
Shares outstanding (eoy) m55.36265.23 20.9%   
Bonus/Rights/Conversions -ESOP-  
Price / Sales ratio x3.30.3 1,001.8%   
Avg P/E ratio x37.312.0 309.7%  
P/CF ratio (eoy) x26.64.0 662.4%  
Price / Book Value ratio x5.80.9 647.7%  
Dividend payout %34.45.8 590.0%   
Avg Mkt Cap Rs m38,99827,385 142.4%   
No. of employees `0001.82.8 63.6%   
Total wages/salary Rs m1,5266,632 23.0%   
Avg. sales/employee Rs Th6,596.329,526.0 22.3%   
Avg. wages/employee Rs Th851.12,353.6 36.2%   
Avg. net profit/employee Rs Th583.4807.2 72.3%   
INCOME DATA
Net Sales Rs m11,82783,204 14.2%  
Other income Rs m2081,376 15.1%   
Total revenues Rs m12,03584,580 14.2%   
Gross profit Rs m1,8208,974 20.3%  
Depreciation Rs m4194,542 9.2%   
Interest Rs m242,637 0.9%   
Profit before tax Rs m1,5863,171 50.0%   
Minority Interest Rs m-12-87 13.3%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m528809 65.2%   
Profit after tax Rs m1,0462,275 46.0%  
Gross profit margin %15.410.8 142.7%  
Effective tax rate %33.325.5 130.5%   
Net profit margin %8.82.7 323.5%  
BALANCE SHEET DATA
Current assets Rs m5,72351,236 11.2%   
Current liabilities Rs m2,72933,702 8.1%   
Net working cap to sales %25.321.1 120.1%  
Current ratio x2.11.5 137.9%  
Inventory Days Days7671 106.8%  
Debtors Days Days4671 65.1%  
Net fixed assets Rs m3,58145,542 7.9%   
Share capital Rs m2771,326 20.9%   
"Free" reserves Rs m6,46126,988 23.9%   
Net worth Rs m6,73830,645 22.0%   
Long term debt Rs m2823,991 0.1%   
Total assets Rs m9,95098,309 10.1%  
Interest coverage x67.92.2 3,083.1%   
Debt to equity ratio x00.8 0.5%  
Sales to assets ratio x1.20.8 140.5%   
Return on assets %10.85.0 215.2%  
Return on equity %15.57.4 209.2%  
Return on capital %23.610.5 225.6%  
Exports to sales %11.110.3 107.5%   
Imports to sales %28.430.0 94.6%   
Exports (fob) Rs m1,3078,557 15.3%   
Imports (cif) Rs m3,35624,955 13.4%   
Fx inflow Rs m1,8528,597 21.5%   
Fx outflow Rs m3,55525,605 13.9%   
Net fx Rs m-1,703-17,008 10.0%   
CASH FLOW
From Operations Rs m1,358-1,549 -87.7%  
From Investments Rs m-367173 -212.7%  
From Financial Activity Rs m-9781,973 -49.6%  
Net Cashflow Rs m13597 2.2%  

Share Holding

Indian Promoters % 7.7 36.0 21.4%  
Foreign collaborators % 51.3 2.4 2,137.5%  
Indian inst/Mut Fund % 10.1 8.4 120.5%  
FIIs % 3.0 6.5 46.2%  
ADR/GDR % 0.0 8.8 -  
Free float % 27.9 37.9 73.6%  
Shareholders   12,133 63,268 19.2%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare GRINDWELL NORTON With:   BATLIBOI LTD  EASUN REYROLLE  JOHNSON CONTROLS - HITACHI AC INDIA  KALPATARU POWER  KEC INTERNATIONAL  

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



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