Grindwell Norton Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L26593MH1950PLC008163 Incorporated 31 July 1950 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: GRINDWELL · BSE: 506076 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹3,073.19 Cr
▲ 9.3% YoY
Computed EBITDA · FY 2026
₹668.57 Cr
▲ 12.74% YoY
Net profit · FY 2026
₹416.79 Cr
▲ 12.26% YoY
Authorised capital
₹66 Cr
Registered with MCA
Paid-up capital
₹55.36 Cr
Issued & subscribed
Open charges
₹24.98 Cr
Satisfied ₹286.68 Cr
Company age
76 yrs
Est. 1950
Employees · EPFO
2,282
Latest available

About Grindwell Norton Limited

Data last updated: 14 July 2026

Grindwell Norton Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Compagnie De Saint-Gobain (Saint-Gobain). It specialises in plastic-based products, a part of the broader manufacturing sector. Incorporated on 31 July 1950, the company has been in operation for over 76 years.

Registered with ROC Mumbai under CIN L26593MH1950PLC008163. Listed on BSE: 506076 and NSE: GRINDWELL.

Capital: an authorised share capital of ₹66 Cr and a paid-up capital of ₹55.36 Cr. Formerly known as Grindwell Abrasives Limited. It is led by directors including Aakil Anand Mahajan and David Eric Molho.

Last AGM: 25 July 2025. Financial statements filed for year ended 31 March 2025. Office: 5Th Level Leela Business Park Andheri – Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹3,073.19 Cr, a growth of 9.3% compared to the previous year. The net worth stands at ₹2,549.93 Cr (up 12.35% YoY). Total assets are valued at ₹3,437.86 Cr (up 12.47% YoY).

The company has a workforce of approximately 2,282 employees as per the latest available data. It operates as a subsidiary of Compagnie De Saint-Gobain (Saint-Gobain).

The company is associated with 1 brand - Grindwell. As per MCA filings, the company has open charges of ₹24.98 Cr and satisfied charges of ₹286.68 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grindwellnorton.co.in.

Company Details of Grindwell Norton Limited
CIN L26593MH1950PLC008163
Registration Number 008163
Incorporation Date 31 July 1950
ROC Mumbai
Listing Status Listed (BSE: 506076, NSE: GRINDWELL)
Company Status Active
Date of Last AGM 25 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Compagnie De Saint-Gobain (Saint-Gobain)
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    5Th Level Leela Business Park Andheri – Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059
  • Industry
    Manufacturing, Plastic-Based Products, Construction Materials
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Financials, compliance, directors, charges, ownership and filings for Grindwell Norton Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Grindwell Norton Limited

Grindwell Norton Limited operates one associated brand: Grindwell. These brands represent Grindwell Norton Limited's diversified market presence and brand portfolio.

Brand Description Website
Abrasives and silicon carbide are manufactured by Grindwell. grindwellnorton.co.in

Business Activity of Grindwell Norton Limited

Grindwell Norton Limited is engaged in multiple principal business activities such as manufacturing, professional, scientific and technical, and trade, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, architecture, engineering activities, technical testing and analysis activities, wholesale trading. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C6 Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products Locked
M Professional, Scientific and Technical M4 Architecture, engineering activities, technical testing and analysis activities Locked
G Trade G1 Wholesale Trading Locked
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Business activity turnover details for Grindwell Norton Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
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Auditor Details of Grindwell Norton Limited

Grindwell Norton Limited is audited by Kalyaniwalla and Mistry LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Kalyaniwalla and Mistry LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Grindwell Norton Limited

Grindwell Norton Limited is currently managed by 9 directors, with 30 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Aakil Anand Mahajan Director 30 Jul 2022 4 Years 0 Months Current
David Eric Molho Director 12 Oct 2021 4 Years 10 Months Current
Sreedhar Natarajan Director 04 Feb 2019 7 Years 6 Months Current
Archana Niranjan Hingorani Director 01 Apr 2019 7 Years 4 Months Current
Subodh Satchitanand Nadkarni Director 25 Jul 2019 7 Years 0 Months Current
Stephanie Billet Director 10 May 2025 1 Years 3 Months Current
Showing 6 of 9 current directors. View all directors

Financials of Grindwell Norton Limited FY 2026 filings available

Grindwell Norton Limited reported revenue of ₹3,073.19 Cr (up 9.3% YoY) for FY 2026.

Revenue · FY 2026
₹3,073.19 Cr ▲ 9.3%
Profit · FY 2026
₹416.79 Cr ▲ 12.26%
Computed EBITDA · FY 2026
₹668.57 Cr ▲ 12.74%
Revenue₹ Cr · Consolidated02,0004,000FY 2020: ₹1,580 Cr1,580FY 2020FY 2021: ₹1,638 Cr · +3.7% YoY1,638+3.7%FY 2021FY 2022: ₹2,013 Cr · +22.9% YoY2,013+22.9%FY 2022FY 2023: ₹2,541 Cr · +26.3% YoY2,541+26.3%FY 2023FY 2024: ₹2,687 Cr · +5.7% YoY2,687+5.7%FY 2024FY 2025: ₹2,812 Cr · +4.6% YoY2,812+4.6%FY 2025FY 2026: ₹3,073 Cr · +9.3% YoY3,073+9.3%FY 2026
Net Profit₹ Cr · Consolidated0200400600FY 2020: ₹184 Cr184FY 2020FY 2021: ₹238 Cr · +29.3% YoY238+29.3%FY 2021FY 2022: ₹295 Cr · +24.1% YoY295+24.1%FY 2022FY 2023: ₹362 Cr · +22.5% YoY362+22.5%FY 2023FY 2024: ₹384 Cr · +6.2% YoY384+6.2%FY 2024FY 2025: ₹371 Cr · -3.3% YoY371-3.3%FY 2025FY 2026: ₹417 Cr · +12.3% YoY417+12.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,000Q1'25: ₹706 Cr · +5.6% YoY706+5.6%Q1'25Q2'25: ₹694 Cr · +4% YoY694+4%Q2'25Q3'25: ₹703 Cr · +6.5% YoY703+6.5%Q3'25Q4'25: ₹710 Cr · +2.7% YoY710+2.7%Q4'25Q1'26: ₹703 Cr · -0.3% YoY703-0.3%Q1'26Q2'26: ₹775 Cr · +11.7% YoY775+11.7%Q2'26Q3'26: ₹753 Cr · +7.1% YoY753+7.1%Q3'26Q4'26: ₹842 Cr · +18.7% YoY842+18.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,073.19 Cr ₹2,811.59 Cr ₹2,686.77 Cr ₹2,541.34 Cr ₹2,012.76 Cr ₹1,637.91 Cr ₹1,579.57 Cr
Other Income ₹94.92 Cr ₹79.88 Cr ₹68.31 Cr ₹56.07 Cr ₹53.09 Cr ₹50.97 Cr ₹40.37 Cr
Total Income ₹3,168.11 Cr ₹2,891.47 Cr ₹2,755.08 Cr ₹2,597.41 Cr ₹2,065.85 Cr ₹1,688.88 Cr ₹1,619.94 Cr
Cost of Materials Consumed ₹1,010.13 Cr ₹904.93 Cr ₹883.56 Cr ₹923.77 Cr ₹702.76 Cr ₹521.98 Cr ₹593.04 Cr
Purchases of Stock-in-Trade ₹392.03 Cr ₹346.88 Cr ₹333.32 Cr ₹267.08 Cr ₹258.55 Cr ₹165.3 Cr ₹122.37 Cr
Changes in Inventories ₹22.7 Cr ₹24.24 Cr -₹10.23 Cr -₹29.16 Cr -₹71.37 Cr ₹33.54 Cr -₹2.45 Cr
Employee Benefit Expense ₹350.11 Cr ₹337 Cr ₹325.79 Cr ₹297.36 Cr ₹250.69 Cr ₹207.77 Cr ₹204.84 Cr
Finance Costs ₹8.17 Cr ₹9.35 Cr ₹7.76 Cr ₹7.8 Cr ₹4.12 Cr ₹3.42 Cr ₹4.47 Cr
Depreciation & Amortisation ₹105.12 Cr ₹92.65 Cr ₹70.88 Cr ₹60.14 Cr ₹53.47 Cr ₹54.36 Cr ₹57.78 Cr
Other Expenses ₹724.58 Cr ₹685.42 Cr ₹634.89 Cr ₹582.66 Cr ₹470.76 Cr ₹385.24 Cr ₹397.26 Cr
Total Expenses ₹2,612.83 Cr ₹2,400.44 Cr ₹2,245.97 Cr ₹2,109.65 Cr ₹1,668.98 Cr ₹1,371.61 Cr ₹1,377.31 Cr
Profit Before Exceptional Items & Tax ₹555.29 Cr ₹491.02 Cr ₹509.11 Cr ₹487.76 Cr ₹396.87 Cr ₹317.27 Cr ₹242.63 Cr
Exceptional Items ₹0 ₹0 -₹35 Lakh ₹0 -₹98 Lakh ₹0 ₹0
Profit Before Tax ₹555.29 Cr ₹491.02 Cr ₹508.76 Cr ₹487.76 Cr ₹395.89 Cr ₹317.27 Cr ₹242.63 Cr
Total Tax Expense ₹138.57 Cr ₹120.7 Cr ₹124.38 Cr ₹124.38 Cr ₹100.81 Cr ₹79.46 Cr ₹58.75 Cr
Net Profit ₹416.79 Cr ₹371.27 Cr ₹383.96 Cr ₹361.52 Cr ₹295.08 Cr ₹237.74 Cr ₹183.89 Cr
  attributable to Owners ₹415.66 Cr ₹368.72 Cr ₹383.65 Cr ₹361.91 Cr ₹295.65 Cr ₹239.18 Cr ₹182.52 Cr
  attributable to NCI ₹1.13 Cr ₹2.55 Cr ₹31 Lakh -₹38 Lakh -₹57 Lakh -₹1.44 Cr ₹1.37 Cr
Other Comprehensive Income ₹48.35 Cr ₹17.65 Cr ₹24.84 Cr ₹6.82 Cr ₹11.6 Cr ₹19.59 Cr -₹14.64 Cr
Total Comprehensive Income ₹465.14 Cr ₹388.91 Cr ₹408.8 Cr ₹368.34 Cr ₹306.68 Cr ₹257.33 Cr ₹169.25 Cr
EBITDA (computed) ₹668.57 Cr ₹593.02 Cr ₹587.75 Cr ₹555.7 Cr ₹454.46 Cr ₹375.05 Cr ₹304.88 Cr
Basic EPS ₹37.54 ₹33.30 ₹34.65 ₹32.69 ₹26.70 ₹21.60 ₹16.48
Diluted EPS ₹37.54 ₹33.30 ₹34.65 ₹32.69 ₹26.70 ₹21.60 ₹16.48
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹3,437.86 Cr ₹3,056.79 Cr ₹2,769.62 Cr ₹2,411.79 Cr
Non-current Assets ₹1,325.75 Cr ₹1,246.43 Cr ₹1,196.3 Cr ₹1,033.28 Cr
Current Assets ₹2,112.11 Cr ₹1,810.37 Cr ₹1,573.32 Cr ₹1,378.51 Cr
Property, Plant & Equipment ₹795.2 Cr ₹792.24 Cr ₹582.15 Cr ₹440.46 Cr
Inventories ₹481.46 Cr ₹489.88 Cr ₹487.61 Cr ₹463.94 Cr
Trade Receivables ₹396.77 Cr ₹362.43 Cr ₹357.46 Cr ₹280.2 Cr
Cash & Equivalents ₹78.66 Cr ₹71.28 Cr ₹49.1 Cr ₹39.61 Cr
Equity (Net Worth) ₹2,549.93 Cr ₹2,269.55 Cr ₹2,066.78 Cr ₹1,816.89 Cr
Equity Share Capital ₹55.36 Cr ₹55.36 Cr ₹55.36 Cr ₹55.36 Cr
Borrowings (Non-current) ₹41.39 Cr ₹1.01 Cr ₹6.36 Cr ₹3.95 Cr
Borrowings (Current) ₹19.32 Cr ₹6.31 Cr ₹11.69 Cr ₹13.59 Cr
Total Debt (computed) ₹60.71 Cr ₹7.32 Cr ₹18.05 Cr ₹17.54 Cr
Current Liabilities ₹752.61 Cr ₹635.78 Cr ₹570.34 Cr ₹515.65 Cr
Total Liabilities ₹887.92 Cr ₹787.25 Cr ₹702.84 Cr ₹594.9 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹542.14 Cr ₹458.49 Cr ₹367.94 Cr ₹355.7 Cr ₹185.6 Cr
Investing Cash Flow -₹315.39 Cr -₹212.75 Cr -₹181.68 Cr -₹222.9 Cr -₹53.6 Cr
Financing Cash Flow -₹215 Cr -₹223.58 Cr -₹176.77 Cr -₹131.59 Cr -₹113.88 Cr
Capital Expenditure ₹118.91 Cr ₹94.06 Cr ₹172.37 Cr ₹163.74 Cr ₹125.59 Cr
Free Cash Flow (computed) ₹423.23 Cr ₹364.43 Cr ₹195.57 Cr ₹191.96 Cr ₹60.01 Cr
Dividends Paid ₹188.22 Cr ₹188.22 Cr ₹160.54 Cr ₹132.86 Cr ₹105.18 Cr
Net Change in Cash ₹11.75 Cr ₹22.17 Cr ₹9.49 Cr ₹1.21 Cr ₹18.12 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹842.22 Cr ₹752.78 Cr ₹774.74 Cr ₹703.46 Cr ₹709.51 Cr ₹702.61 Cr ₹693.87 Cr ₹705.6 Cr ₹691.08 Cr ₹659.94 Cr ₹667.4 Cr ₹668.35 Cr
Other Income ₹21.23 Cr ₹18.87 Cr ₹30.99 Cr ₹23.83 Cr ₹22.74 Cr ₹17.95 Cr ₹23.41 Cr ₹15.77 Cr ₹17.29 Cr ₹13.83 Cr ₹22.59 Cr ₹14.6 Cr
Total Income ₹863.45 Cr ₹771.66 Cr ₹805.73 Cr ₹727.28 Cr ₹732.25 Cr ₹720.56 Cr ₹717.28 Cr ₹721.37 Cr ₹708.37 Cr ₹673.77 Cr ₹689.99 Cr ₹682.95 Cr
Cost of Materials Consumed ₹251.99 Cr ₹264.54 Cr ₹254.77 Cr ₹238.83 Cr ₹219.12 Cr ₹226.74 Cr ₹232.35 Cr ₹226.71 Cr ₹213.37 Cr ₹208.69 Cr ₹224.23 Cr ₹237.27 Cr
Purchases of Stock-in-Trade ₹101.7 Cr ₹82.61 Cr ₹97.5 Cr ₹110.22 Cr ₹82.2 Cr ₹84.69 Cr ₹89.1 Cr ₹90.89 Cr ₹89.71 Cr ₹79 Cr ₹89.69 Cr ₹74.92 Cr
Changes in Inventories ₹44.7 Cr ₹6.27 Cr ₹1.37 Cr -₹29.65 Cr ₹24.77 Cr ₹11.06 Cr -₹14.36 Cr ₹2.77 Cr ₹11.8 Cr ₹2.49 Cr -₹14.94 Cr -₹9.58 Cr
Employee Benefit Expense ₹91.41 Cr ₹81.73 Cr ₹91.8 Cr ₹85.17 Cr ₹82.57 Cr ₹82.26 Cr ₹82.5 Cr ₹89.67 Cr ₹89.76 Cr ₹78.23 Cr ₹78.2 Cr ₹79.6 Cr
Finance Costs ₹1.71 Cr ₹2.14 Cr ₹2.16 Cr ₹2.16 Cr ₹2.5 Cr ₹2.1 Cr ₹2.29 Cr ₹2.46 Cr ₹1.87 Cr ₹1.92 Cr ₹1.81 Cr ₹2.16 Cr
Depreciation & Amortisation ₹25.91 Cr ₹26.97 Cr ₹26.33 Cr ₹25.91 Cr ₹24.89 Cr ₹23.49 Cr ₹22.82 Cr ₹21.44 Cr ₹19.66 Cr ₹17.61 Cr ₹16.92 Cr ₹16.69 Cr
Other Expenses ₹188.21 Cr ₹178.74 Cr ₹188.63 Cr ₹169 Cr ₹173.54 Cr ₹174.41 Cr ₹175.04 Cr ₹162.42 Cr ₹161.44 Cr ₹163.72 Cr ₹158.79 Cr ₹150.94 Cr
Total Expenses ₹705.63 Cr ₹643 Cr ₹662.56 Cr ₹601.64 Cr ₹609.58 Cr ₹604.75 Cr ₹589.74 Cr ₹596.36 Cr ₹587.61 Cr ₹551.66 Cr ₹554.7 Cr ₹552 Cr
Profit Before Exceptional Items & Tax ₹157.82 Cr ₹128.66 Cr ₹143.17 Cr ₹125.64 Cr ₹122.67 Cr ₹115.8 Cr ₹127.54 Cr ₹125.01 Cr ₹120.76 Cr ₹122.11 Cr ₹135.29 Cr ₹130.95 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹35 Lakh ₹0 ₹0
Profit Before Tax ₹157.82 Cr ₹128.66 Cr ₹143.17 Cr ₹125.64 Cr ₹122.67 Cr ₹115.8 Cr ₹127.54 Cr ₹125.01 Cr ₹120.76 Cr ₹121.76 Cr ₹135.29 Cr ₹130.95 Cr
Total Tax Expense ₹38.46 Cr ₹32.86 Cr ₹35.82 Cr ₹31.43 Cr ₹30.06 Cr ₹28.18 Cr ₹30.42 Cr ₹32.04 Cr ₹27.6 Cr ₹30.3 Cr ₹33.09 Cr ₹33.39 Cr
Net Profit ₹119.34 Cr ₹95.58 Cr ₹107.43 Cr ₹94.44 Cr ₹92.84 Cr ₹87.97 Cr ₹97.09 Cr ₹93.37 Cr ₹92.68 Cr ₹92.09 Cr ₹102.31 Cr ₹96.88 Cr
  attributable to Owners ₹118.74 Cr ₹95.17 Cr ₹106.88 Cr ₹94.45 Cr ₹92.54 Cr ₹86.82 Cr ₹0 ₹93.18 Cr ₹92.61 Cr ₹92.16 Cr ₹101.89 Cr ₹96.99 Cr
  attributable to NCI ₹59.52 Lakh ₹41.22 Lakh ₹54.68 Lakh -₹99,000 ₹29.88 Lakh ₹1.15 Cr ₹0 ₹19 Lakh ₹7 Lakh -₹7 Lakh ₹42 Lakh -₹11 Lakh
Other Comprehensive Income ₹25.61 Cr ₹11.08 Cr ₹8.27 Cr ₹3.4 Cr -₹2.83 Cr ₹20.48 Cr ₹0 ₹0 ₹25.66 Cr -₹24 Lakh -₹23 Lakh -₹35 Lakh
Total Comprehensive Income ₹144.94 Cr ₹106.66 Cr ₹115.7 Cr ₹97.84 Cr ₹90 Cr ₹108.45 Cr ₹97.09 Cr ₹93.37 Cr ₹118.34 Cr ₹91.85 Cr ₹102.08 Cr ₹96.53 Cr
EBITDA (computed) ₹185.44 Cr ₹157.76 Cr ₹171.66 Cr ₹153.71 Cr ₹150.06 Cr ₹141.4 Cr ₹152.65 Cr ₹148.91 Cr ₹142.29 Cr ₹141.64 Cr ₹154.02 Cr ₹149.8 Cr
Basic EPS ₹10.73 ₹8.60 ₹9.65 ₹8.53 ₹8.36 ₹7.84 ₹8.69 ₹8.42 ₹8.36 ₹8.32 ₹9.20 ₹8.76
Diluted EPS ₹10.73 ₹8.60 ₹9.65 ₹8.53 ₹8.36 ₹7.84 ₹8.69 ₹8.42 ₹8.36 ₹8.32 ₹9.20 ₹8.76
Latest 12 quarters shown of 23 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Abrasives ₹414.15 Cr ₹55.39 Cr ₹798.95 Cr ₹354.55 Cr
Ceramics & Plastics ₹360.49 Cr ₹71.17 Cr ₹940.88 Cr ₹320 Cr
Digital Services ₹60.53 Cr ₹15.26 Cr ₹100.08 Cr ₹83.77 Cr
Others ₹20.46 Cr ₹4.01 Cr ₹30.84 Cr ₹25.34 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Abrasives ₹1,490.79 Cr ₹192.35 Cr - -
Ceramics & Plastics ₹1,310.58 Cr ₹230.9 Cr - -
Digital Services ₹222.52 Cr ₹58.06 Cr - -
Others ₹87.89 Cr ₹16.5 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,025.87 Cr ₹2,737.36 Cr ₹2,651.68 Cr ₹2,368.73 Cr ₹2,005.62 Cr ₹1,632.9 Cr ₹1,552.35 Cr
Other Income ₹94.92 Cr ₹79.86 Cr ₹68.31 Cr ₹51.32 Cr ₹53.06 Cr ₹50.97 Cr ₹46.17 Cr
Total Income ₹3,120.79 Cr ₹2,817.22 Cr ₹2,719.99 Cr ₹2,420.05 Cr ₹2,058.68 Cr ₹1,683.87 Cr ₹1,598.52 Cr
Cost of Materials Consumed ₹1,007.03 Cr ₹879.86 Cr ₹873.24 Cr ₹844.44 Cr ₹711.17 Cr ₹535.62 Cr ₹607.12 Cr
Purchases of Stock-in-Trade ₹392.03 Cr ₹346.88 Cr ₹333.31 Cr ₹267.08 Cr ₹258.55 Cr ₹165.3 Cr ₹122.37 Cr
Changes in Inventories ₹19.22 Cr ₹27 Cr -₹9.62 Cr -₹25.22 Cr -₹72.05 Cr ₹31.55 Cr ₹29 Lakh
Employee Benefit Expense ₹346.86 Cr ₹333.77 Cr ₹322.91 Cr ₹273.89 Cr ₹248.12 Cr ₹205.42 Cr ₹201.81 Cr
Finance Costs ₹7.82 Cr ₹8.65 Cr ₹6.92 Cr ₹6.66 Cr ₹3.96 Cr ₹3.24 Cr ₹4.28 Cr
Depreciation & Amortisation ₹102.28 Cr ₹89.91 Cr ₹68.83 Cr ₹54.86 Cr ₹51.24 Cr ₹51.89 Cr ₹54.66 Cr
Other Expenses ₹695.93 Cr ₹652.51 Cr ₹616.37 Cr ₹529.16 Cr ₹458.07 Cr ₹371.21 Cr ₹368.62 Cr
Total Expenses ₹2,571.18 Cr ₹2,338.58 Cr ₹2,211.96 Cr ₹1,950.87 Cr ₹1,659.06 Cr ₹1,364.23 Cr ₹1,359.15 Cr
Profit Before Exceptional Items & Tax ₹549.62 Cr ₹478.64 Cr ₹508.03 Cr ₹469.18 Cr ₹399.62 Cr ₹319.64 Cr ₹239.37 Cr
Exceptional Items ₹0 ₹0 -₹3.2 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹549.62 Cr ₹478.64 Cr ₹504.83 Cr ₹469.18 Cr ₹399.62 Cr ₹319.64 Cr ₹239.37 Cr
Total Tax Expense ₹137.02 Cr ₹117.81 Cr ₹124.11 Cr ₹118.49 Cr ₹101.62 Cr ₹77.56 Cr ₹56.42 Cr
Net Profit ₹412.6 Cr ₹360.83 Cr ₹380.72 Cr ₹350.69 Cr ₹298 Cr ₹242.08 Cr ₹182.95 Cr
Other Comprehensive Income ₹48.37 Cr ₹17.63 Cr ₹24.88 Cr ₹6.88 Cr ₹11.6 Cr ₹19.59 Cr -₹14.64 Cr
Total Comprehensive Income ₹460.96 Cr ₹378.46 Cr ₹405.6 Cr ₹357.57 Cr ₹309.6 Cr ₹261.67 Cr ₹168.31 Cr
EBITDA (computed) ₹659.72 Cr ₹577.2 Cr ₹583.78 Cr ₹530.7 Cr ₹454.82 Cr ₹374.77 Cr ₹298.31 Cr
Basic EPS ₹37.27 ₹32.59 ₹34.39 ₹31.67 ₹26.91 ₹21.86 ₹16.52
Diluted EPS ₹37.27 ₹32.59 ₹34.39 ₹31.67 ₹26.91 ₹21.86 ₹16.52
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹3,401.13 Cr ₹3,018.46 Cr ₹2,742.82 Cr ₹2,328.19 Cr
Non-current Assets ₹1,318.74 Cr ₹1,238.92 Cr ₹1,187.8 Cr ₹1,013.02 Cr
Current Assets ₹2,082.39 Cr ₹1,779.54 Cr ₹1,555.02 Cr ₹1,315.17 Cr
Property, Plant & Equipment ₹772.6 Cr ₹767.43 Cr ₹558.2 Cr ₹394.35 Cr
Inventories ₹466.91 Cr ₹465.35 Cr ₹474.12 Cr ₹428.08 Cr
Trade Receivables ₹390.58 Cr ₹355.63 Cr ₹352.56 Cr ₹241.08 Cr
Cash & Equivalents ₹72.22 Cr ₹69.68 Cr ₹48.45 Cr ₹32.73 Cr
Equity (Net Worth) ₹2,519.57 Cr ₹2,243.36 Cr ₹2,051.05 Cr ₹1,789.14 Cr
Equity Share Capital ₹55.36 Cr ₹55.36 Cr ₹55.36 Cr ₹55.36 Cr
Borrowings (Non-current) ₹41.27 Cr ₹1.01 Cr ₹6.36 Cr ₹3.95 Cr
Borrowings (Current) ₹18.86 Cr ₹1.94 Cr ₹5 Cr ₹5 Cr
Total Debt (computed) ₹60.13 Cr ₹2.96 Cr ₹11.36 Cr ₹8.95 Cr
Current Liabilities ₹746.37 Cr ₹624.24 Cr ₹560.12 Cr ₹462.29 Cr
Total Liabilities ₹881.56 Cr ₹775.1 Cr ₹691.77 Cr ₹539.05 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹530.07 Cr ₹452.93 Cr ₹363.93 Cr ₹341.05 Cr ₹185.52 Cr
Investing Cash Flow -₹313.24 Cr -₹212.5 Cr -₹175.75 Cr -₹202.32 Cr -₹55.22 Cr
Financing Cash Flow -₹214.29 Cr -₹219.2 Cr -₹173.89 Cr -₹138.67 Cr -₹113.53 Cr
Capital Expenditure ₹117.24 Cr ₹93.17 Cr ₹163.38 Cr ₹139.08 Cr ₹125.36 Cr
Free Cash Flow (computed) ₹412.83 Cr ₹359.76 Cr ₹200.55 Cr ₹201.97 Cr ₹60.16 Cr
Dividends Paid ₹188.22 Cr ₹188.22 Cr ₹160.54 Cr ₹132.86 Cr ₹105.18 Cr
Net Change in Cash ₹2.54 Cr ₹21.23 Cr ₹14.29 Cr ₹6 Lakh ₹16.77 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹829.19 Cr ₹741.6 Cr ₹761.22 Cr ₹693.86 Cr ₹691.23 Cr ₹683.21 Cr ₹671.98 Cr ₹690.94 Cr ₹681.45 Cr ₹651.64 Cr ₹658.5 Cr ₹660.09 Cr
Other Income ₹21.23 Cr ₹18.87 Cr ₹30.99 Cr ₹23.83 Cr ₹22.74 Cr ₹17.95 Cr ₹23.4 Cr ₹15.77 Cr ₹17.29 Cr ₹13.83 Cr ₹22.59 Cr ₹14.6 Cr
Total Income ₹850.42 Cr ₹760.48 Cr ₹792.21 Cr ₹717.68 Cr ₹713.98 Cr ₹701.16 Cr ₹695.38 Cr ₹706.71 Cr ₹698.74 Cr ₹665.47 Cr ₹681.09 Cr ₹674.69 Cr
Cost of Materials Consumed ₹259.5 Cr ₹259.43 Cr ₹248.87 Cr ₹239.23 Cr ₹215.98 Cr ₹218.93 Cr ₹223.61 Cr ₹221.34 Cr ₹215.62 Cr ₹206.36 Cr ₹216.78 Cr ₹234.48 Cr
Purchases of Stock-in-Trade ₹101.7 Cr ₹82.61 Cr ₹97.5 Cr ₹110.22 Cr ₹82.2 Cr ₹84.69 Cr ₹89.1 Cr ₹90.89 Cr ₹89.7 Cr ₹79 Cr ₹89.69 Cr ₹74.92 Cr
Changes in Inventories ₹32.22 Cr ₹14.19 Cr ₹4.87 Cr -₹32.06 Cr ₹22 Cr ₹15.03 Cr -₹13.39 Cr ₹3.36 Cr ₹3.34 Cr ₹4.46 Cr -₹8.54 Cr -₹8.88 Cr
Employee Benefit Expense ₹90.68 Cr ₹80.99 Cr ₹90.97 Cr ₹84.21 Cr ₹81.63 Cr ₹81.44 Cr ₹81.75 Cr ₹88.96 Cr ₹89.02 Cr ₹77.49 Cr ₹77.47 Cr ₹78.93 Cr
Finance Costs ₹1.66 Cr ₹2.03 Cr ₹2.06 Cr ₹2.07 Cr ₹2.32 Cr ₹1.93 Cr ₹2.11 Cr ₹2.29 Cr ₹1.67 Cr ₹1.72 Cr ₹1.6 Cr ₹1.93 Cr
Depreciation & Amortisation ₹25.2 Cr ₹26.25 Cr ₹25.62 Cr ₹25.21 Cr ₹24.05 Cr ₹22.85 Cr ₹22.18 Cr ₹20.83 Cr ₹18.91 Cr ₹16.99 Cr ₹16.52 Cr ₹16.41 Cr
Other Expenses ₹182.21 Cr ₹168.54 Cr ₹182.18 Cr ₹163 Cr ₹166.56 Cr ₹164.55 Cr ₹165.56 Cr ₹155.84 Cr ₹158.94 Cr ₹157.35 Cr ₹153.24 Cr ₹146.84 Cr
Total Expenses ₹693.16 Cr ₹634.05 Cr ₹652.08 Cr ₹591.89 Cr ₹594.73 Cr ₹589.42 Cr ₹570.92 Cr ₹583.51 Cr ₹577.2 Cr ₹543.37 Cr ₹546.76 Cr ₹544.63 Cr
Profit Before Exceptional Items & Tax ₹157.26 Cr ₹126.43 Cr ₹140.13 Cr ₹125.8 Cr ₹119.25 Cr ₹111.74 Cr ₹124.46 Cr ₹123.2 Cr ₹121.54 Cr ₹122.1 Cr ₹134.33 Cr ₹130.06 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹3.2 Cr ₹0
Profit Before Tax ₹157.26 Cr ₹126.43 Cr ₹140.13 Cr ₹125.8 Cr ₹119.25 Cr ₹111.74 Cr ₹124.46 Cr ₹123.2 Cr ₹121.54 Cr ₹122.1 Cr ₹131.13 Cr ₹130.06 Cr
Total Tax Expense ₹38.18 Cr ₹32.43 Cr ₹35.01 Cr ₹31.4 Cr ₹27.92 Cr ₹28.18 Cr ₹30.42 Cr ₹31.29 Cr ₹28.04 Cr ₹30.01 Cr ₹33.1 Cr ₹32.96 Cr
Net Profit ₹119.09 Cr ₹94 Cr ₹105.12 Cr ₹94.39 Cr ₹91.33 Cr ₹83.55 Cr ₹94.04 Cr ₹91.91 Cr ₹93.5 Cr ₹92.09 Cr ₹98.03 Cr ₹97.1 Cr
Other Comprehensive Income ₹25.62 Cr ₹11.08 Cr ₹8.27 Cr ₹3.4 Cr -₹2.85 Cr ₹20.48 Cr ₹0 ₹0 ₹25.7 Cr -₹24 Lakh -₹23 Lakh -₹35 Lakh
Total Comprehensive Income ₹144.71 Cr ₹105.08 Cr ₹113.39 Cr ₹97.8 Cr ₹88.47 Cr ₹104.04 Cr ₹94.04 Cr ₹91.91 Cr ₹119.2 Cr ₹91.85 Cr ₹97.8 Cr ₹96.75 Cr
EBITDA (computed) ₹184.12 Cr ₹154.71 Cr ₹167.81 Cr ₹153.08 Cr ₹145.61 Cr ₹136.52 Cr ₹148.75 Cr ₹146.32 Cr ₹142.12 Cr ₹140.81 Cr ₹152.45 Cr ₹148.4 Cr
Basic EPS ₹10.76 ₹8.49 ₹9.49 ₹8.53 ₹8.25 ₹7.55 ₹8.49 ₹8.30 ₹8.44 ₹8.32 ₹8.85 ₹8.77
Diluted EPS ₹10.76 ₹8.49 ₹9.49 ₹8.53 ₹8.25 ₹7.55 ₹8.49 ₹8.30 ₹8.44 ₹8.32 ₹8.85 ₹8.77
Latest 12 quarters shown of 23 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Abrasives ₹414.15 Cr ₹55.39 Cr ₹798.95 Cr ₹354.55 Cr
Ceramics & Plastics ₹342.12 Cr ₹70.58 Cr ₹904.15 Cr ₹313.64 Cr
Digital Services ₹60.53 Cr ₹15.26 Cr ₹100.08 Cr ₹83.77 Cr
Others ₹20.46 Cr ₹4.01 Cr ₹30.84 Cr ₹25.34 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Abrasives ₹1,490.79 Cr ₹192.35 Cr - -
Ceramics & Plastics ₹1,246.47 Cr ₹224.8 Cr - -
Digital Services ₹222.52 Cr ₹58.06 Cr - -
Others ₹87.89 Cr ₹16.5 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Grindwell Norton Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Grindwell Norton Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 58.03%, foreign institutional investors hold 5.56%, domestic institutional investors hold 19.18%, retail and other public shareholders hold 17.23% of Grindwell Norton Limited. The company had 46,994 shareholders on record.

Promoters: 58.03%DII (Domestic Institutional): 19.18%FII (Foreign Institutional): 5.56%Retail & Others: 17.23%
Mar 2026
QUARTER
58.03% Promoters
19.18% DII (Domestic Institutional)
5.56% FII (Foreign Institutional)
17.23% Retail & Others
Promoter holding - history
Now 58.03% · Mar 2026High 59.95% · Dec 2017Low 58.03% · Dec 2022
57%58%59%60%61%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 59.03%Mar 2016: 59.03%Jun 2016: 59.03%Sep 2016: 58.89%Dec 2016: 58.89%Mar 2017: 58.89%Jun 2017: 58.89%Sep 2017: 58.89%Dec 2017: 59.95%Mar 2018: 58.36%Jun 2018: 58.36%Sep 2018: 58.36%Dec 2018: 58.33%Mar 2019: 58.33%Jun 2019: 58.32%Sep 2019: 58.32%Dec 2019: 58.32%Mar 2020: 58.32%Jun 2020: 58.32%Sep 2020: 58.32%Dec 2020: 58.32%Mar 2021: 58.32%Jun 2021: 58.32%Sep 2021: 58.08%Dec 2021: 58.08%Mar 2022: 58.08%Jun 2022: 58.08%Sep 2022: 58.08%Dec 2022: 58.03%Mar 2023: 58.03%Jun 2023: 58.03%Sep 2023: 58.03%Dec 2023: 58.03%Mar 2024: 58.03%Jun 2024: 58.03%Sep 2024: 58.03%Dec 2024: 58.03%Mar 2025: 58.03%Jun 2025: 58.03%Sep 2025: 58.03%Dec 2025: 58.03%Mar 2026: 58.03%59.95%58.03%58.03%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters58.03%58.03%58.03%58.03%58.03%58.03%
Public41.97%41.97%41.97%41.97%41.97%41.97%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters58.03%58.03%58.03%58.03%58.08%58.32%58.32%58.33%58.36%58.89%59.03%
Public41.97%41.97%41.97%41.97%41.92%41.68%41.68%41.67%41.64%41.11%40.97%
Promoter change (YoY, %pts)+0.00+0.00+0.00-0.05-0.24+0.00-0.01-0.03-0.53-0.14-

Board & Governance of Grindwell Norton Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Grindwell Norton Limited has 9 directors - 3 independent and 2 executive. The board is chaired by SUBODH SATCHITANAND NADKARNI.

DirectorPositionOn board sinceListed boards
ARCHANA NIRANJAN HINGORANI Non-Executive - Independent Director 2019-04-01 6
SUBODH SATCHITANAND NADKARNI Non-Executive - Independent Director · Chairperson 2019-07-25 2
SREEDHAR NATARAJAN Non-Executive - Nominee Director 2019-02-04 2
VENUGOPAL RAMNATH SHANBHAG Executive Director · MD 2024-05-07 1
DAVID ERIC MOLHO Non-Executive - Non Independent Director 2021-10-12 1
AAKIL MAHAJAN Non-Executive - Non Independent Director 2022-07-30 1
KAUSTUBH GOVIND SHUKLA Non-Executive - Independent Director 2024-07-18 1
HARI SINGUDASU Executive Director 2025-04-01 2
STEPHANIE BILLET Non-Executive - Non Independent Director 2025-05-10 1
Board Committees
CommitteeMembers
Audit Committee ARCHANA NIRANJAN HINGORANI (Chairperson), KAUSTUBH GOVIND SHUKLA, SUBODH SATCHITANAND NADKARNI, VENUGOPAL RAMNATH SHANBHAG
Nomination and remuneration committee KAUSTUBH GOVIND SHUKLA (Chairperson), SUBODH SATCHITANAND NADKARNI, DAVID ERIC MOLHO
Stakeholders Relationship Committee ARCHANA NIRANJAN HINGORANI (Chairperson), VENUGOPAL RAMNATH SHANBHAG, HARI SINGUDASU
Risk Management Committee ARCHANA NIRANJAN HINGORANI (Chairperson), VENUGOPAL RAMNATH SHANBHAG, SUBODH SATCHITANAND NADKARNI
Corporate Social Responsibility Committee SUBODH SATCHITANAND NADKARNI (Chairperson), ARCHANA NIRANJAN HINGORANI, DAVID ERIC MOLHO

Group Structure of Grindwell Norton Limited

Grindwell Norton Limited has 1 joint venture. This group structure data is as of FY 2024. The corporate group structure reflects Grindwell Norton Limited's business expansion strategy and organizational complexity.

1
Joint ventures

Charges & Borrowings of Grindwell Norton Limited

Open charges
₹24.98 Cr
Satisfied charges
₹286.68 Cr
Breakdown by lending institutions
Yes Bank Limited₹24.97 Cr
The Secretary to the Government of Maharashtra₹0.00 Cr
Latest charge details
DateLenderAmountStatus
06 Feb 2007 Yes Bank Limited ₹12.49 Cr Open
26 Dec 2006 Yes Bank Limited ₹12.49 Cr Open
30 Jul 1968 The Secretary to the Government of Maharashtra ₹49,275 Open
24 Mar 2022 Axis Bank Limited ₹25 Cr Satisfied
30 Jun 2017 Citi Bank N.A. ₹9 Cr Satisfied

Total charge records: 105 View all charges

Employees and EPFO Compliance at Grindwell Norton Limited

Grindwell Norton Limited has a workforce of 2,282 employees as of Apr 07, 2024.

Employee count
2,282
Active EPFO establishments
5
Employee growth
2.29%
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Employee and EPFO history for Grindwell Norton Limited

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GST Compliance of Grindwell Norton Limited

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Credit Ratings, Litigation & Regulatory Alerts for Grindwell Norton Limited

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MSME Payment Delays by Grindwell Norton Limited

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MSME payment history for Grindwell Norton Limited

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Subsidiaries & Group Companies of Grindwell Norton Limited

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Corporate group structure for Grindwell Norton Limited

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MCA Filings & Documents of Grindwell Norton Limited

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Recent Activity on Grindwell Norton Limited

Charges
02 Mar 2026
A charge registered on 30 Jun 2017 via Charge ID 100114113 with Citi Bank N.A. was fully satisfied on 02 Mar 2026.
Directors
12 Feb 2026
Girish Thanwardas Shajani was appointed as a Company Secretary on 12 Feb 2026 & has been associated with this company since 6 months 9 days.
Activity
25 Jul 2025
Grindwell Norton Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records.
Directors
28 May 2025
Prakash Parappa Sabarad was appointed as a Cfo on 28 May 2025 & has been associated with this company since 1 year 2 months.
Directors
10 May 2025
Stephanie Billet was appointed as a Director on 10 May 2025 & has been associated with this company since 1 year 3 months.
Directors
01 Apr 2025
Venugopal Ramnath Shanbhag was appointed as a Managing Director on 01 Apr 2025 & has been associated with this company since 1 year 4 months.

Frequently Asked Questions about Grindwell Norton Limited

Grindwell Norton Limited is an active public limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 31 July 1950 (76+ years old) and is registered under CIN L26593MH1950PLC008163. Listed on BSE: 506076 and NSE: GRINDWELL. The company has 2,282 employees.

Grindwell Norton Limited reported revenue of ₹3,073.19 Cr for FY 2026 (up 9.3% YoY) based on consolidated NSE filings.

The current directors of Grindwell Norton Limited are:

The primary industry of Grindwell Norton Limited is manufacturing. The company specifically operates in plastic-based products. The company is currently active in this sector.

Yes. Grindwell Norton Limited is listed on both BSE (code: 506076) and NSE (symbol: GRINDWELL).

Grindwell Norton Limited can be reached at the registered office: 5Th Level Leela Business Park Andheri – Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059, or through the website grindwellnorton.co.in.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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