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WELSPUN CORP vs GRINDWELL NORTON - Comparison Results

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

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

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Current Valuations

    WELSPUN CORP GRINDWELL NORTON WELSPUN CORP/
GRINDWELL NORTON
 
P/E (TTM) x 7.9 76.4 10.3% View Chart
P/BV x 1.4 11.8 11.6% View Chart
Dividend Yield % 0.3 0.5 67.1%  

Financials

 WELSPUN CORP   GRINDWELL NORTON
EQUITY SHARE DATA
    WELSPUN CORP
Mar-19
GRINDWELL NORTON
Mar-19
WELSPUN CORP/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs187594 31.5%   
Low Rs89482 18.5%   
Sales per share (Unadj.) Rs327.1144.3 226.6%  
Earnings per share (Unadj.) Rs2.315.2 14.8%  
Cash flow per share (Unadj.) Rs12.019.3 62.4%  
Dividends per share (Unadj.) Rs0.506.00 8.3%  
Dividend yield (eoy) %0.41.1 32.5%  
Book value per share (Unadj.) Rs105.399.2 106.2%  
Shares outstanding (eoy) m265.23110.72 239.6%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.43.7 11.3%   
Avg P/E ratio x61.235.3 173.4%  
P/CF ratio (eoy) x11.527.8 41.2%  
Price / Book Value ratio x1.35.4 24.2%  
Dividend payout %22.239.4 56.3%   
Avg Mkt Cap Rs m36,62859,556 61.5%   
No. of employees `0002.72.0 140.1%   
Total wages/salary Rs m5,7201,926 297.0%   
Avg. sales/employee Rs Th31,660.88,170.0 387.5%   
Avg. wages/employee Rs Th2,087.4984.6 212.0%   
Avg. net profit/employee Rs Th218.4862.6 25.3%   
INCOME DATA
Net Sales Rs m86,75115,981 542.8%  
Other income Rs m1,347354 380.8%   
Total revenues Rs m88,09716,334 539.3%   
Gross profit Rs m5,6592,718 208.2%  
Depreciation Rs m2,597452 574.2%   
Interest Rs m1,70215 11,343.3%   
Profit before tax Rs m2,7062,604 103.9%   
Minority Interest Rs m-8850-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m1,223917 133.3%   
Profit after tax Rs m5981,687 35.5%  
Gross profit margin %6.517.0 38.3%  
Effective tax rate %45.235.2 128.3%   
Net profit margin %0.710.6 6.5%  
BALANCE SHEET DATA
Current assets Rs m61,5628,591 716.6%   
Current liabilities Rs m39,4682,887 1,367.0%   
Net working cap to sales %25.535.7 71.4%  
Current ratio x1.63.0 52.4%  
Inventory Days Days9475 124.6%  
Debtors Days Days5047 105.8%  
Net fixed assets Rs m16,7393,880 431.4%   
Share capital Rs m1,326554 239.5%   
"Free" reserves Rs m26,60010,426 255.1%   
Net worth Rs m27,92610,979 254.4%   
Long term debt Rs m10,7780-   
Total assets Rs m82,00014,493 565.8%  
Interest coverage x2.6174.6 1.5%   
Debt to equity ratio x0.40-  
Sales to assets ratio x1.11.1 95.9%   
Return on assets %2.811.7 23.9%  
Return on equity %2.115.4 13.9%  
Return on capital %9.123.9 38.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m8,1812,927 279.5%   
Fx outflow Rs m24,6125,157 477.2%   
Net fx Rs m-16,430-2,230 736.7%   
CASH FLOW
From Operations Rs m6,087845 720.0%  
From Investments Rs m-2,676-538 497.4%  
From Financial Activity Rs m-3,353-682 491.4%  
Net Cashflow Rs m321-384 -83.6%  

Share Holding

Indian Promoters % 36.0 7.7 467.5%  
Foreign collaborators % 2.4 51.3 4.7%  
Indian inst/Mut Fund % 8.4 10.1 83.0%  
FIIs % 6.5 3.0 216.7%  
ADR/GDR % 8.8 0.0 -  
Free float % 37.9 27.9 135.8%  
Shareholders   63,268 12,133 521.5%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare WELSPUN CORP With:   PUNJ LLOYD   ASTRA MICRO  BHEL  GUJ.APOLLO INDUS  ECE INDUSTRIES  

Compare WELSPUN CORP With:   ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  DONGFANG ELEC. (China)  ABB (Switz.)  



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GRINDWELL NORTON Announces Quarterly Results (1QFY21); Net Profit Down 34.2% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, GRINDWELL NORTON has posted a net profit of Rs 282 m (down 34.2% YoY). Sales on the other hand came in at Rs 2 bn (down 43.5% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (4QFY20); Net Profit Down 2.5% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, GRINDWELL NORTON has posted a net profit of Rs 418 m (down 2.5% YoY). Sales on the other hand came in at Rs 4 bn (down 9.7% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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GRINDWELL NORTON Announces Quarterly Results (3QFY20); Net Profit Up 12.8% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, GRINDWELL NORTON has posted a net profit of Rs 470 m (up 12.8% YoY). Sales on the other hand came in at Rs 4 bn (up 3.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (2QFY20); Net Profit Up 28.5% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, GRINDWELL NORTON has posted a net profit of Rs 523 m (up 28.5% YoY). Sales on the other hand came in at Rs 4 bn (down 5.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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May 12, 2021 (Close)

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