Grindwell Norton Limited

BSE: 506076 NSE: GRINDWELL
Grindwell Norton Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & 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
Market Cap
₹21,648 Cr
GRINDWELL · NSE
Share Price
₹1,878.60
-3.92% today
Revenue
₹3,073 Cr
FY 2025-26 · +9.3% YoY
EBITDA
₹574 Cr
Margin 18.7%
Net Profit
₹387 Cr
FY 2025-26 · +12.1% YoY
P/E (TTM)
47.0x
P/B 8.1x
ROE
17.4%
ROCE 22.4%
Debt / Equity
0.03
Interest cover 1.7x

About Grindwell Norton Limited

Data last updated:

Grindwell Norton Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Compagnie De Saint-Gobain (Saint-Gobain). It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 31 July 1950 and has been in existence for over 76 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26593MH1950PLC008163. Its GSTIN is 27AAACG8725B2ZT (Maharashtra). The company holds 8 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 506076 and NSE: GRINDWELL.

The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹55.36 Cr. It was formerly known as Grindwell Abrasives Limited. It is led by directors including Venugopal Ramnath Shanbhag (Managing Director) and Hari Singudasu (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 5th Level Leela Business Park Andheri – Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,073.19 Cr, a growth of 9.3% compared to the previous year. For the same year it recorded a net profit of ₹387.3 Cr (net margin 12.6%) and EBITDA of ₹573.65 Cr (EBITDA margin 18.7%). The net worth stands at ₹2,534.75 Cr (up 12.4% YoY). Total assets are valued at ₹2,662.19 Cr (up 10.6% YoY).

The company has about 2,282 employees on its provident fund (EPFO) records.

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. Court records list 303 cases involving the company, including 188 filed by the company and 118 filed against it; 54 cases are pending. The company has 16 deals on record (16 market trades); the latest was in December 2023. The company has 32 MSME Form 1 returns on record between 2018 and 2024, listing 9,332 overdue payments to 467 micro and small suppliers.

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

CIN L26593MH1950PLC008163
Registration Number 008163
Incorporation Date 31 July 1950
ROC Mumbai
Listing Status Listed - Listed on NSE (GRINDWELL); Listed on BSE (506076)
Company Status Active
Date of Last AGM 25 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Compagnie De Saint-Gobain (Saint-Gobain)
Compliance Status Active Compliant
Key People
Venugopal Ramnath Shanbhag Managing Director Hari Singudasu Whole-Time Director Aakil Anand Mahajan Director

Contact details

Grindwell Norton Limited's registered office is in Mumbai, Maharashtra. Its website is grindwellnorton.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    grindwellnorton.co.in
  • 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

To see the full contact details of Grindwell Norton Limited, buy the company report.

Comprehensive company report
Grindwell Norton Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Grindwell Norton operates one associated brand: Grindwell. Each brand links to its own profile.

BrandDescriptionWebsite
Grindwell
Abrasives and silicon carbide are manufactured by Grindwell.grindwellnorton.co.in

Business activity

The main business activities of Grindwell Norton are manufacturing, professional, scientific and technical and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, architecture, engineering activities, technical testing and analysis activities and wholesale trading. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
MProfessional, Scientific and TechnicalM4Architecture, engineering activities, technical testing and analysis activities
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Grindwell Norton Limited, buy the company report.

Financials of Grindwell Norton Limited

FY 2025-26 filings available

Grindwell Norton Limited reported revenue of ₹3,073.19 Cr (up 9.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,073 Cr
+9.3% YoY
EBITDA
₹574 Cr
+11.8% YoY
Profit After Tax
₹387 Cr
+12.1% YoY
Net Worth
₹2,535 Cr
+12.4% YoY
Total Assets
₹2,662 Cr
+10.6% YoY
Total Debt
₹60.71 Cr
-27.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,0732,8122,6872,5412,0131,6381,580
Revenue growth+9.3%+4.7%+5.7%+26.3%+22.9%+3.7%-
EBITDA574513519498400324265
EBITDA margin+18.7%+18.3%+19.3%+19.6%+19.9%+19.8%+16.8%
Profit before tax555492508486396317243
Net profit387345367350282222171
Net profit margin+12.6%+12.3%+13.7%+13.8%+14.0%+13.6%+10.8%
EPS (₹)37.5433.3034.6532.6926.7021.6016.48
Balance sheet
Total assets2,6622,4082,1991,9211,6221,4161,237
Net worth2,5352,2562,0551,8061,5681,3651,187
Total debt60.7183.5582.6051.3615.0912.150.00
Cash & bank49026521313927813014.69
Net working capital711573578468566296233
Cash flow
Cash from operations542458368393187331318
Cash from investing(244)(159)(184)(251)(53.60)(230)(442)
Cash from financing(215)(221)(175)(140)(114)(95.03)(95.06)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue884803842753775703710703
Revenue growth (YoY)+14.1%+14.2%+18.7%+7.1%+11.7%-0.3%--
Other income39.9925.0221.2318.8731.0724.0622.9718.30
EBITDA166157164139141130127123
EBITDA margin+18.9%+19.6%+19.6%+18.5%+18.2%+18.6%+18.0%+17.7%
Depreciation27.1726.5325.9126.9726.3325.9124.8923.49
Interest1.691.381.712.142.162.162.502.10
Profit before tax178154158128143126123116
Tax44.4238.8138.4632.8735.8331.4330.0628.19
Net profit13311511995.5710794.4592.8487.97
EPS (₹)11.9910.4310.728.609.658.538.367.84
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,0262,7372,6522,5242,0061,6331,552
Revenue growth+10.5%+3.2%+5.1%+25.8%+22.8%+5.2%-
EBITDA565497512500402324252
EBITDA margin+18.7%+18.2%+19.3%+19.8%+20.0%+19.8%+16.2%
Profit before tax550479505491400320239
Net profit384338366352284225171
Net profit margin+12.7%+12.3%+13.8%+14.0%+14.2%+13.8%+11.0%
EPS (₹)37.2732.5934.3933.0526.9121.8616.52
Balance sheet
Total assets2,6312,3762,1761,8981,6041,3941,211
Net worth2,5202,2432,0511,8041,5631,3571,177
Total debt60.1378.2374.7741.5013.5110.370.00
Cash & bank4842632121332681226.92
Net working capital687549563448557279214
Cash flow
Cash from operations530453364398186331307
Cash from investing(313)(212)(176)(257)(55.22)(225)(437)
Cash from financing(214)(219)(174)(140)(114)(94.69)(93.07)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue865794829742761694691683
Revenue growth (YoY)+13.6%+14.4%+20.0%+8.5%+13.3%+0.4%--
Other income39.4724.5821.2318.8730.9923.8322.7417.95
Total expenses701637666606624565568565
EBITDA164157163136137129123119
EBITDA margin+19.0%+19.8%+19.7%+18.4%+18.0%+18.7%+17.9%+17.4%
Depreciation26.4425.8125.2026.2525.6225.2124.0522.85
Interest1.551.341.662.032.062.072.321.93
Profit before tax176154157126140126119112
Tax44.1338.8338.1832.4335.0231.4027.9228.19

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue884803842753775703710703
Revenue growth (YoY)+14.1%+14.2%+18.7%+7.1%+11.7%-0.3%--
Other income39.9925.0221.2318.8731.0724.0622.9718.30
EBITDA166157164139141130127123
EBITDA margin+18.9%+19.6%+19.6%+18.5%+18.2%+18.6%+18.0%+17.7%
Depreciation27.1726.5325.9126.9726.3325.9124.8923.49
Interest1.691.381.712.142.162.162.502.10
Profit before tax178154158128143126123116
Tax44.4238.8138.4632.8735.8331.4330.0628.19
Net profit13311511995.5710794.4592.8487.97
EPS (₹)11.9910.4310.728.609.658.538.367.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,0732,8122,6872,5412,0131,6381,580
Revenue growth+9.3%+4.7%+5.7%+26.3%+22.9%+3.7%-
Other income95.0080.8268.3156.0753.0950.9740.38
Total expenses2,5002,2982,1682,0441,6121,3141,315
Employee cost350337326297251208205
EBITDA574513519498400324265
EBITDA margin+18.7%+18.3%+19.3%+19.6%+19.9%+19.8%+16.8%
Depreciation10592.6570.8860.1553.4754.3657.78
Interest8.179.357.767.804.123.424.47
Profit before tax555492508486396317243
Tax13912112412410179.4758.75
Net profit387345367350282222171
Net profit margin+12.6%+12.3%+13.7%+13.8%+14.0%+13.6%+10.8%
EPS (₹)37.5433.3034.6532.6926.7021.6016.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital55.3655.3655.3655.3655.3655.3655.36
Reserves & surplus2,4792,2002,0001,7501,5131,3091,132
Shareholders' funds (net worth)2,5352,2562,0551,8061,5681,3651,187
Minority interest15.1814.0511.5011.0811.5712.1313.57
Secured loans0.000.000.008.950.000.000.00
Unsecured loans60.7183.5582.6042.4115.0912.150.00
Total debt60.7183.5582.6051.3615.0912.150.00
Total liabilities2,6622,4082,1991,9211,6221,4161,237
Assets
Gross block1,4531,3811,163938701646612
Net block887886756586386370385
Capital work in progress51.6226.0312812467.1124.0029.12
Investments999892689642531713583
Inventories481490488464448323303
Sundry debtors397362357280237202205
Cash & bank balances49026521313927813014.69
Loans & advances75.6769.1167.9660.1185.0671.1651.93
Total current assets1,4441,1861,1269431,048725575
Total current liabilities733613548475481430342
Net working capital711573578468566296233
Total assets2,6622,4082,1991,9211,6221,4161,237
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash(4.37)(6.69)39.6138.4019.3012.63232
Net cash from operating activities542458368393187331318
Net cash from investing activities(244)(159)(184)(251)(53.60)(230)(442)
Net cash from financing activities(215)(221)(175)(140)(114)(95.03)(95.06)
Net change in cash83.0377.979.491.2119.106.67(220)
Closing cash49026521313927813014.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.3%+4.7%+5.7%+26.3%+22.9%+3.7%-
EBITDA growth+11.8%-1.1%+4.2%+24.3%+23.6%+22.5%-
PBT growth+12.9%-3.2%+4.6%+22.7%+24.8%+30.7%-6.8%
Net income growth+12.1%-5.9%+4.8%+24.4%+26.8%+29.9%-
Revenue CAGR (3Y)+6.5%+11.8%+17.9%+17.2%+8.0%+4.6%+7.7%
EBITDA CAGR (3Y)+4.8%+8.6%+17.0%+23.5%+13.8%+9.5%+11.1%
Profitability & leverage
Net income margin+13.6%+13.2%+14.3%+14.2%+14.7%+14.5%+11.6%
Return on capital employed+22.4%+21.9%+25.2%+28.1%+26.6%+24.5%+21.2%
Return on net worth+17.4%+17.3%+19.9%+21.5%+20.2%+18.7%+16.1%
Debt / equity0.030.040.030.020.010.000.00
Long-term debt / equity0.020.030.020.010.000.000.00
Interest cover1.742.221.731.781.191.272.16
Efficiency & per share
Fixed asset turnover2.172.222.573.113.002.622.82
Inventory turnover6.335.755.655.585.235.235.00
Debtors turnover8.107.818.439.839.188.057.69
EPS (₹)37.5433.3034.6532.6926.7021.6016.48
Dividend per share (₹)19.0017.0017.0014.5012.009.507.50
Book value per share (₹)228.63203.41185.33162.79141.36122.97106.93
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue865794829742761694691683
Revenue growth (YoY)+13.6%+14.4%+20.0%+8.5%+13.3%+0.4%--
Other income39.4724.5821.2318.8730.9923.8322.7417.95
Total expenses701637666606624565568565
EBITDA164157163136137129123119
EBITDA margin+19.0%+19.8%+19.7%+18.4%+18.0%+18.7%+17.9%+17.4%
Depreciation26.4425.8125.2026.2525.6225.2124.0522.85
Interest1.551.341.662.032.062.072.321.93
Profit before tax176154157126140126119112
Tax44.1338.8338.1832.4335.0231.4027.9228.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,0262,7372,6522,5242,0061,6331,552
Revenue growth+10.5%+3.2%+5.1%+25.8%+22.8%+5.2%-
Other income94.9279.8668.3156.0153.0650.9746.17
Total expenses2,4612,2402,1392,0231,6041,3091,300
Employee cost347334323294248205202
EBITDA565497512500402324252
EBITDA margin+18.7%+18.2%+19.3%+19.8%+20.0%+19.8%+16.2%
Depreciation10289.9168.8358.1151.2451.8954.66
Interest7.828.656.927.533.963.244.28
Profit before tax550479505491400320239
Tax13711812412510277.5656.42
Net profit384338366352284225171
Net profit margin+12.7%+12.3%+13.8%+14.0%+14.2%+13.8%+11.0%
EPS (₹)37.2732.5934.3933.0526.9121.8616.52
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital55.3655.3655.3655.3655.3655.3655.36
Reserves & surplus2,4642,1881,9961,7491,5081,3021,121
Shareholders' funds (net worth)2,5202,2432,0511,8041,5631,3571,177
Secured loans0.000.0011.369.080.000.000.00
Unsecured loans60.1378.2363.4132.4213.5110.370.00
Total debt60.1378.2374.7741.5013.5110.370.00
Total liabilities2,6312,3762,1761,8981,6041,3941,211
Assets
Gross block1,4121,3371,120907662608573
Net block864861731570366348360
Capital work in progress50.8425.8612811966.9123.7928.80
Investments1,019911710665552734603
Inventories467465474451437315294
Sundry debtors391356353277236200201
Cash & bank balances4842632121332681226.92
Loans & advances73.1471.2068.7055.4983.3071.4354.40
Total current assets1,4141,1551,1089171,025708556
Total current liabilities728606545469468429341
Net working capital687549563448557279214
Total assets2,6312,3762,1761,8981,6041,3941,211
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash69.6848.4534.1632.6715.905.31228
Net cash from operating activities530453364398186331307
Net cash from investing activities(313)(212)(176)(257)(55.22)(225)(437)
Net cash from financing activities(214)(219)(174)(140)(114)(94.69)(93.07)
Net change in cash2.5421.2314.291.4916.7710.59(223)
Closing cash4842632121332681226.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.5%+3.2%+5.1%+25.8%+22.8%+5.2%-
EBITDA growth+13.6%-2.9%+2.4%+24.6%+24.1%+28.4%-
PBT growth+14.8%-5.2%+2.9%+22.8%+25.0%+33.5%-5.4%
Net income growth+13.8%-7.8%+4.0%+24.0%+26.2%+31.2%-
Revenue CAGR (3Y)+6.2%+10.9%+17.5%+17.6%+8.6%+5.1%+7.9%
EBITDA CAGR (3Y)+4.1%+7.4%+16.5%+25.7%+15.7%+11.1%+11.7%
Profitability & leverage
Net income margin+13.6%+13.2%+14.4%+14.5%+14.9%+14.8%+11.8%
Return on capital employed+22.3%+21.4%+25.2%+28.5%+27.0%+24.9%+21.1%
Return on net worth+17.4%+16.8%+19.8%+21.8%+20.5%+19.2%+16.2%
Debt / equity0.030.040.030.020.010.000.00
Long-term debt / equity0.020.030.020.010.000.000.00
Interest cover1.692.121.561.701.131.192.17
Efficiency & per share
Fixed asset turnover2.212.232.633.233.182.782.97
Inventory turnover6.495.835.735.685.335.375.05
Debtors turnover8.117.738.429.839.208.167.71
EPS (₹)37.2732.5934.3933.0526.9121.8616.52
Dividend per share (₹)19.0017.0017.0014.5012.009.507.50
Book value per share (₹)227.26202.31184.94162.66140.87122.26105.97

To see the full year-wise statements and ratios of Grindwell Norton Limited, buy the company report.

Board of directors of Grindwell Norton Limited

Grindwell Norton has 9 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Aakil Anand MahajanDirector30 Jul 20224 Years 3 MonthsCurrent
David Eric MolhoDirector12 Oct 20215 Years 0 MonthsCurrent
Sreedhar Natarajan
Also directs: Saint-Gobain Sekurit India Limited, Saint-Gobain India Private Limited, Saint-Gobain Industries India Private Limited and 1 more
Director04 Feb 20197 Years 8 MonthsCurrent
Archana Niranjan Hingorani
Also directs: Siana Capital Management LLP, Raiin Resources LLP, The Phoenix Mills Limited and 5 more
Director01 Apr 20197 Years 6 MonthsCurrent
Subodh Satchitanand Nadkarni
Also directs: Goa Carbon Limited
Director25 Jul 20197 Years 3 MonthsCurrent
Stephanie BilletDirector10 May 20251 Years 5 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Auditor

Grindwell Norton Limited is audited by Kalyaniwalla & Mistry LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Kalyaniwalla & Mistry LLPFY 2024104607W / W100166

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 58.00%, foreign institutional investors hold 5.20%, domestic institutional investors hold 19.60% and retail and other public shareholders hold 17.20%.

Promoters: 58.00%DII (Domestic Institutional): 19.60%FII (Foreign Institutional): 5.20%Retail & Others: 17.20%
Sep 2026
QUARTER
58.00% Promoters
19.60% DII (Domestic Institutional)
5.20% FII (Foreign Institutional)
17.20% Retail & Others
Promoter holding - history
Now 58.00% · Sep 2026High 58.00% · Dec 2025Low 58.00% · Dec 2025
57%57.5%58%58.5%59%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 58.00%Mar 2026: 58.00%Jun 2026: 58.00%Sep 2026: 58.00%58.00%58.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters58.00%58.00%58.00%58.00%
Public42.00%42.00%42.00%42.00%

Charges & borrowings

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
DateCharge IDLenderAmountStatusModified or satisfied on
06 Feb 200710038821Yes Bank Limited₹12.49 CrOpen
26 Dec 200610031478Yes Bank Limited₹12.49 CrOpen
30 Jul 196890225398The Secretary to the Government of Maharashtra₹49,275Open
24 Mar 2022100560475Axis Bank Limited₹25 CrSatisfied
30 Jun 2017100114113Citi Bank N.A.₹9 CrSatisfied

To see the full charge records of Grindwell Norton Limited, buy the company report.

Total charge records: 105 View all charges

Deals & funding

Grindwell Norton Limited has 16 deals on record (16 market trades); the latest was in December 2023.

Total deals
16
Market trades
16

Deals on record (5 of 16)

WhenDealAmountParties
Dec 2023Market trade₹262.12 CrBuyer: Sbi Mutual Fund
Seller: Sbi Mutual Fund
Oct 2022Market trade₹55.99 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Oct 2022Market trade₹56.02 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Mar 2020Market trade₹74.62 CrBuyer: Fortress Advisors LLP
Mar 2017Market trade₹42.32 CrBuyer: an individual
Seller: Shamyak Investment Private Limited

To see the full deal history of Grindwell Norton Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Grindwell Norton Limited has 32 MSME Form 1 returns on record between 2018 and 2024, listing 9,332 overdue payments to 467 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 467)

SupplierAmount dueDue sinceReported on
BWC Logistics Solution Private Limited
an individual supplier
an individual supplier
an individual supplier
Tann Utility Services Private Limited

To see the full MSME payment records of Grindwell Norton Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Grindwell Norton has 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Joint ventures

Employees & EPFO

Grindwell Norton Limited has a workforce of 2,282 employees on its EPFO records as of Apr 07, 2024, across 5 active EPFO establishments.

Employee count
2,282
Active EPFO establishments
5
Employee growth
2.29%

GST

Grindwell Norton has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
8
Active
6
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACG8725B2ZTMaharashtraActive20 Sep 2017
03AAACG8725B1Z4PunjabActive01 Jul 2017
07AAACG8725B2ZVDelhiActive01 Jul 2017
24AAACG8725B1Z0GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Grindwell Norton Limited, buy the company report.

Recent activity

Grindwell Norton Limited has 65 board changes on record since 1987: 38 appointments and 27 cessations. The latest: Prakash Parappa Sabarad was appointed as CFO on 28 May 2025.

Filing
Grindwell Norton Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge registered on 30 Jun 2017 via Charge ID 100114113 with Citi Bank N.A. was fully satisfied on 02 Mar 2026.
AGM
Grindwell Norton Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records.
Appointed
Prakash Parappa Sabarad was appointed as CFO.
Appointed
Stephanie Billet was appointed as Director.
Ceased
Jeanclaude Roger Lasserre ceased to be Director.
Appointed
Hari Singudasu was appointed as Whole-Time Director.
Appointed
Venugopal Ramnath Shanbhag was appointed as Managing Director.
Ceased
Santhanam ceased to be Managing Director.
Appointed
Kaustubh Govind Shukla was appointed as Director.
Ceased
Keki Manchersha Elavia ceased to be Director.
Ceased
Krishna Prasad ceased to be Whole-Time Director.

293 earlier events are in the company report.

News

GRINDWELL: Q2 REVENUE 8.8B RUPEES VS 7.75B (YOY)
29 Oct 2026 · Exchange Update
GRINDWELL: Q2 CONS NET PROFIT 1.3B RUPEES VS 1.07B (YOY)
29 Oct 2026 · Exchange Update
GRINDWELL: Q2 EBITDA 1.66B RUPEES VS 1.4B (YOY); Q2 EBITDA MARGIN 18.84% VS 18.16% (YOY)
29 Oct 2026 · Exchange Update

Frequently asked questions

Grindwell Norton is an active public limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 31 July 1950 (76+ years old) and is registered under CIN L26593MH1950PLC008163. Listed on BSE: 506076 and NSE: GRINDWELL.

Grindwell Norton reported revenue of ₹3,073.19 Cr for FY 2025-26 (up 9.3% YoY) based on consolidated financials.

Grindwell Norton has 9 current directors:

The latest financial statements of Grindwell Norton on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Grindwell Norton is 27AAACG8725B2ZT, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAACG8725B1Z4 (Punjab), 07AAACG8725B2ZV (Delhi), 24AAACG8725B1Z0 (Gujarat).

The CIN (Corporate Identification Number) of Grindwell Norton is L26593MH1950PLC008163. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Grindwell Norton is a listed company as per MCA records. Its shares are listed on both BSE (code: 506076) and NSE (symbol: GRINDWELL).

Grindwell Norton has 303 court cases on record: 188 filed by the company and 118 filed against it. 54 are pending. Most are in the high courts.

Grindwell Norton was incorporated on 31 July 1950, making it 76+ years old. It is registered with the Registrar of Companies, Mumbai.

Grindwell Norton has 16 deals on record (16 market trades); the latest was in December 2023.

Prakash Parappa Sabarad was appointed as CFO on 28 May 2025. Stephanie Billet was appointed as Director on 10 May 2025. Jeanclaude Roger Lasserre ceased to be Director on 09 May 2025. Grindwell Norton has 65 board changes on record in total.