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Last 770.15 INR
Change Today +12.70 / 1.68%
Volume 7.7K
GWN On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

grindwell norton ltd (GWN) Snapshot

Open
735.40
Previous Close
757.45
Day High
779.50
Day Low
735.40
52 Week High
06/26/15 - 800.00
52 Week Low
08/1/14 - 405.15
Market Cap
42.6B
Average Volume 10 Days
6.5K
EPS TTM
18.64
Shares Outstanding
55.4M
EX-Date
07/24/15
P/E TM
41.3x
Dividend
6.50
Dividend Yield
0.84%
Current Stock Chart for GRINDWELL NORTON LTD (GWN)

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grindwell norton ltd (GWN) Details

Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through two segments, Abrasives, and Ceramics and Plastics. The company offers bonded abrasives in the form of wheels and other shapes, such as segments, sticks, etc. for various applications, including lapping, honing, super-finishing, race grinding, thread grinding, fluting, OD grinding, ID grinding, surface grinding, etc., as well as for rough applications comprising snagging, cutting-off, burr removal, weld preparation, etc. It also provides coated abrasives products in various shapes, such as discs, belts, rolls, etc. for material removal and surface generation; nonwoven abrasives for use in domestic and industrial applications; super abrasives for precision applications, including stationary dressers, rotary dressers, diamond and cBN grinding wheels, and allied products; and construction products, such as professional blades, diamond saw blades, wood cutter blades, diamond polishing pads and sponge wheels, and diamond core drill bits. In addition, the company offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives, refractories, and for stone polishing; and high performance refractories for use in processing ferrous and non-ferrous metals, kiln furniture, and fire ceramic wares, as well as used as filtering media, wear resistance material, and body protection plates. Further, it produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and foams for use in automotive, oil and gas, pharma and bio pharma, construction, energy, and general industrial. Grindwell Norton Limited also exports its products. The company was founded in 1941 and is based in Mumbai, India. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain.

Founded in 1941

grindwell norton ltd (GWN) Top Compensated Officers

Managing Director, Director, Member of Share ...
Total Annual Compensation: 23.6M
Chief Financial Officer
Total Annual Compensation: 10.5M
Compliance Officer and Company Secretary
Total Annual Compensation: 4.3M
Compensation as of Fiscal Year 2015.

grindwell norton ltd (GWN) Key Developments

Grindwell Norton Ltd. Reports Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Grindwell Norton Ltd. reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, on consolidated basis the company reported total income from operations of INR 2,970.1 million against INR 2,564.8 million a year ago. Profit from operations before other income and finance cost was INR 377.0 million against INR 295.9 million a year ago. Profit before tax was INR 414.2 million against INR 333.5 million a year ago. Net profit was INR 272.5 million or INR 4.92 per basic and diluted share against INR 239.5 million or INR 4.33 per basic and diluted share a year ago. For the full year, on consolidated basis the company reported total income from operations of INR 11,353.7 million against INR 9,655.0 million a year ago. Profit from operations before other income and finance cost was INR 1,390.0 million against INR 1,121.7 million a year ago. Profit before tax was INR 1,537.9 million against INR 1,219.0 million a year ago. Net profit was INR 1,032.1 million or INR 18.64 per basic and diluted share against INR 839.2 million or INR 15.16 per basic and diluted share a year ago. Operating profit was INR 1,570 million compared to INR 1,250 million a year ago. Net cash flow from operations was INR 1,050 million compared to INR 1,060 million a year ago. Capex was INR 360 million compared to INR 250 million a year ago. For the quarter, on standalone basis the company reported total income from operations of INR 2,914.4 million against INR 2,483.8 million a year ago. Profit from operations before other income and finance cost was INR 353.3 million against INR 269.4 million a year ago. Profit before tax was INR 404.1 million against INR 319.8 million a year ago. Net profit was INR 270.3 million or INR 4.88 per basic and diluted share against INR 217.4 million or INR 3.93 per basic and diluted share a year ago. For the full year, on standalone basis the company reported total income from operations of INR 11,103.9 million against INR 9,416.1 million a year ago. Profit from operations before other income and finance cost was INR 1,297.7 million against INR 1,055.2 million a year ago. Profit before tax was INR 1,492.3 million against INR 1,198.7 million a year ago. Net profit was INR 1,010.2 million or INR 18.25 per basic and diluted share against INR 823.2 million or INR 14.87 per basic and diluted share a year ago.

Grindwell Norton Ltd. Recommends Dividend

Grindwell Norton Ltd. announced that the Board of Directors of the company at its meeting held on May 14, 2015, recommended a dividend of INR 6.50/- per equity share of INR 5/- each. The payment of dividend is subject To Approve the shareholders at the ensuing Annual General Meeting of the company scheduled on August 04, 2015.

Grindwell Norton Ltd., Board Meeting, May 14, 2015

Grindwell Norton Ltd., Board Meeting, May 14, 2015. Agenda: To consider and approve the audited financial results for the year ended on March 31, 2015; to consider and recommend dividend for the financial year ended March 31, 2015, subject to the approval of shareholders at the ensuing Annual General Meeting; and to consider the code of conduct for prohibition of insider trading and fair disclosure of unpublished price sensitive information.

 

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Valuation GWN Industry Range
Price/Earnings 39.5x
Price/Sales 3.6x
Price/Book 6.6x
Price/Cash Flow 28.1x
TEV/Sales 3.5x
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