About Grindwell Norton Limited
Data last updated: 10 December 2025
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 Jeanclaude Roger Lasserre and Archana Niranjan Hingorani.
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 the financials filed for FY 2025, the company reported a revenue of ₹2,891.47 Cr, a growth of 5% compared to the previous year.
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 ₹33.98 Cr and satisfied charges of ₹277.68 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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address5Th Level Leela Business Park Andheri – Kurla Road Marol Andheri East, Mumbai, Maharashtra, India – 400059
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IndustryManufacturing, Plastic-Based Products, Construction Materials
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | ********* |
| G | Trade | G1 | Wholesale Trading | ********* |
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 13 directors, with 36 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeanclaude Roger Lasserre | Director | 04 Aug 2023 | 2 Years 11 Months | Current |
|
Archana Niranjan Hingorani
Also directs:
Siana Capital Management Llp, Raiin Resources Llp, The Phoenix Mills Limited and 5 more
|
Director | 01 Apr 2019 | 7 Years 3 Months | Current |
| Venugopal Ramnath Shanbhag | Managing Director | 01 Apr 2025 | 1 Years 3 Months | Current |
| Aakil Anand Mahajan | Director | 30 Jul 2022 | 3 Years 11 Months | Current |
|
Hari Singudasu
Also directs:
Saint Gobain India Foundation, Saint-Gobain Sekurit India Limited, Saint-Gobain Sekurit Automotive Private Limited and 4 more
|
Whole-Time Director | 01 Apr 2025 | 1 Years 3 Months | Current |
| David Eric Molho | Director | 12 Oct 2021 | 4 Years 8 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | - | - |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% |
| Public | 41.97% | 41.97% | 41.97% | 41.97% | 41.97% | 41.97% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.03% | 58.03% | 58.03% | 58.03% | 58.08% | 58.32% | 58.32% | 58.33% | 58.36% | 58.89% | 59.03% |
| Public | 41.97% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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.
Charges & Borrowings of Grindwell Norton Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2017 | Citi Bank N.A. | ₹9 Cr | Open |
| 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 |
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 & EPFO Data of Grindwell Norton Limited
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GST Compliance of Grindwell Norton Limited
GSTIN & GST Filing Data of Grindwell Norton Limited
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Credit Ratings, Litigation & Regulatory Alerts for Grindwell Norton Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Grindwell Norton Limited
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MSME Payment Delays by Grindwell Norton Limited
MSME Payment Delays by Grindwell Norton Limited
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Subsidiaries & Group Companies of Grindwell Norton Limited
Subsidiaries & Group Companies of Grindwell Norton Limited
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MCA Filings & Documents of Grindwell Norton Limited
MCA Filings & Documents of Grindwell Norton Limited
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Recent Activity on Grindwell Norton Limited
Recent News on Grindwell Norton Limited
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 ₹2,891.47 Cr for FY 2025 (up 5.00% YoY).
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.