Grindwell Norton quarterly results and financials

Grindwell Norton (GRINDWELL)₹1,962+1.33%(9 Nov 2026 close)Abrasives & Bearings

Key facts

In the Sep 2026 quarter (consolidated), Grindwell Norton reported sales of ₹884 Cr, up 14.2% from Sep 2025, and net profit of ₹132 Cr, up 24.2% year on year. For the year to Mar 2026, sales were ₹3,073 Cr and net profit ₹416 Cr.

Sales (Sep 2026): ₹884 Cr
Net profit (Sep 2026): ₹132 Cr
Sales (FY Mar 2026): ₹3,073 Cr
Net profit (FY Mar 2026): ₹416 Cr
EPS (Sep 2026): ₹11.96
Borrowings (Mar 2026): ₹60.94 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Grindwell Norton quarterly results

₹ crore unless stated; each column is a quarter.

Grindwell Norton Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	660	690	705	694	703	709	703	774	753	842	802	884
Expenses	534	569	574	567	582	584	577	636	617	680	649	719
Operating Profit	128	125	133	129	123	127	130	141	139	164	157	166
OPM %	19.1%	18.1%	19.1%	19.1%	18.1%	18.1%	18.1%	18.1%	18.1%	19.1%	20.1%	19.1%
Other Income	14.01	16.99	15.99	23.01	18.01	23.01	24.01	30.99	19.01	21.01	24.99	40.01
Interest	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	0.99	1.99
Depreciation	18.06	20.07	21.06	23.09	23.08	25.07	26.08	26.08	27.07	26.07	27.08	27.09
Profit before tax	122	120	125	128	116	123	126	143	128	158	154	178
Tax %	25.0%	23.0%	25.9%	23.9%	24.0%	24.0%	25.0%	25.0%	26.0%	23.9%	25.0%	25.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	91.69	92.76	92.66	96.75	87.71	92.71	93.74	107	95.67	119	115	132
EPS (Rs)	8.31	8.35	8.39	8.67	7.82	8.34	8.51	9.63	8.58	10.70	10.41	11.96

Grindwell Norton profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Grindwell Norton Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,151	1,263	1,429	1,596	1,580	1,636	2,013	2,540	2,684	2,809	3,073	3,281
Expenses	969	1,073	1,188	1,332	1,320	1,319	1,619	2,047	2,175	2,305	2,506	2,665
Operating Profit	184	193	248	273	265	325	401	502	521	516	577	627
OPM %	16.1%	15.1%	17.1%	17.1%	17.1%	20.1%	20.1%	20.1%	19.1%	18.1%	19.1%	19.1%
Other Income	22.01	30.99	26.01	34.99	40.01	51.01	53.01	52.99	66.99	79.02	93.07	105
Interest	1.99	1.99	1.99	1.99	3.99	2.99	3.99	7.98	7.99	8.98	7.99	6.96
Depreciation	43.15	42.14	45.17	45.12	58.23	54.17	53.21	60.21	71.26	93.27	105	107
Profit before tax	161	180	227	260	243	317	396	487	509	493	556	619
Tax %	34.0%	33.0%	34.0%	35.0%	23.9%	25.0%	25.0%	26.0%	24.0%	25.0%	24.9%	—
Exceptional items	4.01	5.01	7.01	11.02	11.03	17.03	14.02	12.03	17.02	23.06	28.04	0.00
Net Profit	106	121	150	168	183	237	294	361	383	370	416	462
EPS (Rs)	9.49	10.76	13.50	15.06	16.43	21.54	26.63	32.62	34.60	33.22	37.46	41.65
Dividend payout %	34.1%	37.1%	37.1%	40.1%	46.1%	44.1%	45.1%	44.1%	49.1%	51.1%	51.1%	—

Grindwell Norton balance sheet

₹ crore, at each year end.

Grindwell Norton Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	27.98	27.98	54.94	55.01	54.99	55.02	54.96	54.98	54.92	55.00	54.98	54.97
Reserves	589	736	839	937	1,045	1,134	1,312	1,516	1,752	2,003	2,204	2,484
Borrowings	14.98	14.97	7.98	0.00	0.00	0.00	11.99	14.98	50.90	82.92	83.94	60.94
Other Liabilities	308	310	308	347	345	402	483	529	546	625	713	836
Total Liabilities	939	1,088	1,209	1,339	1,445	1,592	1,862	2,117	2,405	2,766	3,055	3,437
Fixed Assets	359	349	368	342	344	384	369	385	585	755	884	886
CWIP	7.01	14.02	6.01	25.05	43.05	29.02	24.05	67.12	124	128	26.04	52.10
Investments	35.07	135	145	171	183	584	713	532	643	690	894	1,000
Other Assets	538	590	689	802	875	595	755	1,133	1,053	1,193	1,251	1,498
Inventories	224	257	245	271	328	302	322	447	462	486	488	480
Trade receivables	129	133	127	176	205	204	201	236	279	356	360	395
Cash & equivalents	114	124	242	271	234	14.96	130	277	139	213	264	489
Total Assets	939	1,088	1,209	1,339	1,445	1,592	1,862	2,117	2,405	2,766	3,055	3,437

Grindwell Norton cash flow

₹ crore, for each year.

Grindwell Norton Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	106	138	169	133	84.66	317	330	186	391	367	456	540
Cash from investing activity	−30.04	−38.01	−40.02	−41.05	−54.02	−442	−230	−54.07	−251	−184	−159	−244
Cash from financing activity	−46.04	−102	3.01	−60.02	−68.06	−95.02	−95.01	−114	−140	−175	−221	−215
Net cash flow	29.08	0.00	133	32.05	−37.10	−220	7.02	19.04	1.01	9.02	78.17	83.15
Capex	38.15	41.16	53.18	39.09	67.19	50.12	48.15	126	323	173	94.34	119
Free cash flow	70.96	98.87	117	95.95	17.97	267	283	66.86	71.96	199	365	423
CFO / OP %	86.9%	101.9%	118.9%	82.9%	64.9%	145.9%	125.9%	71.9%	102.9%	96.9%	110.9%	118.0%

Grindwell Norton ratios

Working-capital days and returns, by year.

Grindwell Norton Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	43	43	38	46	48	48	46	44	41	50	48	48
Inventory days	171	190	162	159	169	155	163	184	146	148	140	123
Days payable	67	62	109	114	93	116	158	134	88	110	122	132
Cash conversion cycle	146	172	90	91	124	88	51	93	99	87	67	40
Working capital days	41	56	49	54	74	50	36	51	44	47	37	24
ROCE %	25.0%	22.0%	20.0%	23.0%	23.0%	20.0%	23.0%	26.0%	28.0%	25.0%	21.0%	21.0%

Grindwell Norton: frequently asked questions

What are the latest quarterly results of Grindwell Norton?

For the Sep 2026 quarter, Grindwell Norton reported sales of ₹884 Cr, up 14.2% year on year and net profit of ₹132 Cr, up 24.2% year on year. The operating margin was 19.1%.

What is the annual revenue of Grindwell Norton?

Grindwell Norton's sales for the year to Mar 2026 were ₹3,073 Cr; over the last twelve months they were ₹3,281 Cr.

What is the net profit of Grindwell Norton?

Net profit for the year to Mar 2026 was ₹416 Cr, and ₹462 Cr over the last twelve months. Earnings per share over the same trailing period were ₹41.65.

How much debt does Grindwell Norton have?

Grindwell Norton reported borrowings of ₹60.94 Cr at Mar 2026, against cash and equivalents of ₹489 Cr.

What is the free cash flow of Grindwell Norton?

Cash from operations was ₹540 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹423 Cr.

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