Grindwell Norton Ltd. stocks fundamental | Grindwell Norton Ltd. fundamental analysis

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Overview

Grindwell Norton Ltd.

NSE : GRINDWELL BSE : 506076 ISIN : INE536A01023 INDUSTRY : Abrasives HOUSE : MNC

Overview

Balance Sheet

Profit & Loss

Cash Flow

Share Holding Pattern

Profile

Headquartered in Mumbai, Grindwell Norton (GNO) came into existence when a technical collaboration in 1967 between Grindwell and US based Norton Company grew into a financial collaboration in 1971. In 1990, Saint-Gobain acquired Norton Company, worldwide, and six years later, GNO became the first majority-owned subsidiary of Saint-Gobain in India. Saint-Gobain holds around 51% stake in the company.

The company was originally registered as a private limited company in the early forties and was later converted into a public limited company in 1950.

GNO is more

Valuation Ratio



Price/Earnings(TTM)	12.26
Price/Sales(TTM)	1.62
Price/Book(MRQ)	2.9
Price/Cash Flow	13.91

Price Performance

Last 5 Years

Last 5 Days

Last 30 Days

Last 180 Days

Historical Growth and Share Detail

Historical Growth

Quarterly Y-O-Y(%)

Share Holding Patterns

	No of Share Holders	No of Share	% of Shares
Total Promoter	32	32458030	58.63
Total Non Promoter
Depository Receipts
Grand Total

Financial Statements

Profit & Loss

( Rs. in Crore)

Balance Sheet

( Rs. in Crore)

Cash Flow

( Rs. in Crore)

Company Officer

Chairman	Pradip Shah
Managing Director	A Y Mahajan
Company Secretary	K Visweswaran
Alternate Director	J A J Pereira
Non Executive Director	J P Floris P Millot M M Narang
Additional Director	Keki M Elavia G Texier
Non Executive & Independent Director	S Salgaocar

Info

Registered Office :

5th Level,Leela Business Park,Andheri-kurla Road, Marol, Andheri East

Phone :

022- 40212121

Email :

sharecmpt.gno@saint-gobain.com

URL :

http://www.grindwellnorton.co.in

Listings :

BSE,NSE

Incorporation Year :

1950

Industry :

Abrasives

Share Capital

( Rs. in Crore)

Gross Block

( Rs. in Crore)

Total Liablities

( Rs. in Crore)

Total Asset

( Rs. in Crore)

( Rs. in Crore)
Particulars	Mar 2012	Mar 2011	Mar 2010	Dec 2008	Dec 2007
No of Months	12	12	15	12	12
SOURCES OF FUNDS
Share Capital	27.68	27.68	27.68	27.68	27.68
Share warrants & Outstandings	0.00	0.00	0.00	0.00	0.00
Total Reserve	438.15	376.51	329.65	281.08	252.15
Shareholder's Funds	465.83	404.19	357.33	308.76	279.83
Secured Loans	0	0	0	0	0
Unsecured Loans	20.95	20.17	0	0	2.27
Total Debts	20.95	20.17	0	0	2.27
Total Liabilities	486.78	424.36	357.33	308.76	282.10
APPLICATION OF FUNDS :
Gross Block	341.61	316.07	295.92	258.24	225.64
Less: Accumulated Depreciation	144.55	129.23	113.58	100.46	88.86
Less: Impairment of Assets	0	0	0	0	0
Net Block	197.06	186.84	182.34	157.78	136.78
Lease Adjustment A/c	0	0	0	0	0
Capital Work in Progress	81.56	12.53	6.82	23.49	16.55
Pre-operative Expenses pending	0	0	0	0	0
Assets in transit	0	0	0	0	0
Investments	77.28	65.54	50.13	62.72	81.09
Current Assets, Loans & Advances
Inventories	159.99	124.79	93.55	100.84	70.21
Sundry Debtors	95.46	91.32	84.99	70.70	82.45
Cash and Bank	73.14	94.69	81.96	16.52	21.56
Other Current Assets	7.85	6.15	0.25	0.20	0.13
Loans and Advances	25.47	16.33	241.14	195.36	170.69
Total Current Assets	361.91	333.28	501.88	383.63	345.04
Less : Current Liabilities and Provisions
Current Liabilities	174.84	124.97	113.76	99.28	103.46
Provisions	45.38	39.80	262.00	215.21	190.05
Total Current Liabilities	220.23	164.76	375.76	314.49	293.51
Net Current Assets	141.68	168.52	126.12	69.14	51.54
Miscellaneous Expenses not written off	0	0	0	0	0
Deferred Tax Assets / Liabilities	-10.80	-9.08	-8.08	-4.37	-3.86
Total Assets	486.78	424.36	357.33	308.76	282.10
Contingent Liabilities	61.83	57.49	43.83	35.30	12.48

Gross Sale

( Rs. in Crore)

Operating Profit

( Rs. in Crore)

PBIT

( Rs. in Crore)

Profit After Tax

( Rs. in Crore)

( Rs. in Crore)
Particulars	Mar 2012	Mar 2011	Mar 2010	Dec 2008	Dec 2007
No of Months	12	12	15	12	12
Gross Sales	973.58	853.61	745.04	555.53	497.01
Less :Inter divisional transfers	0	0	0	0	0
Less: Sales Returns	0	0	0	0	0
Less: Excise	66.98	56.88	42.68	53.42	56.18
Net Sales	906.60	796.73	702.36	502.12	440.83
EXPENDITURE :
Increase/Decrease in Stock	-8.48	-15.07	10.73	-14.48	-15.11
Raw Materials Consumed	418.15	370.13	302.74	227.09	189.04
Power & Fuel Cost	56.76	56.69	47.72	42.88	35.02
Employee Cost	94.86	84.31	84.82	58.84	52.70
Other Manufacturing Expenses	102.95	96.82	79.01	64.20	56.18
General and Administration Expenses	31.26	25.08	18.15	14.59	13.15
Selling and Distribution Expenses	28.38	24.10	15.44	13.59	14.71
Miscellaneous Expenses	30.50	23.79	27.72	24.41	21.96
Expenses Capitalised	0	0	0	0	0
Total Expenditure	754.37	665.86	586.33	431.12	367.66
PBIDT (Excl OI)	152.23	130.88	116.03	70.99	73.16
Other Income	13.79	11.41	24.31	22.69	21.57
Operating Profit	166.02	142.29	140.34	93.68	94.73
Interest	0.37	0.28	0.25	0.61	0.29
PBDT	165.66	142.01	140.09	93.08	94.44
Depreciation	16.68	16.32	17.79	13.96	12.18
Profit Before Taxation & Exceptional Items	148.98	125.69	122.30	79.12	82.26
Exceptional Income / Expenses	0	0	7.72	0	77.00
Profit Before Tax	148.98	125.69	130.02	79.12	159.26
Provision for Tax	45.35	40.06	42.52	24.11	25.75
PAT	103.63	85.63	87.51	55.01	133.51
Extraordinary Items	0	0	0	0	0
Adj to Profit After Tax	0	0	0	0	0
Profit Balance B/F	60.00	50.00	35.00	25.00	15.00
Appropriations	163.63	135.63	122.51	80.01	148.51
Equity Dividend (%)	130.00	120.00	120.00	80.00	160.00
Earnings Per Share (Rs.)	18.72	15.47	15.81	9.94	24.12
Book Value (Rs.)	83.45	72.28	63.79	54.98	49.72

Cash from Operation

( Rs. in Crore)

Cash from Investment

( Rs. in Crore)

Cash from Financing

( Rs. in Crore)

Sale Investments

( Rs. in Crore)

( Rs. in Crore)
Particulars	Mar 2012	Mar 2011	Mar 2010	Dec 2008	Dec 2007
TYPE
Profit Before Tax	148.98	125.69	130.02	79.12	82.26
Adjustment	11.89	12.15	15.05	8.83	3.67
Changes In working Capital	-10.23	-22.05	2.89	-11.62	-31.17
Cash Flow after changes in Working Capital	150.63	115.79	147.96	76.32	54.76
Cash Flow from Operating Activities	110.55	78.20	107.37	47.67	27.18
Cash Flow from Investing Activities	-93.16	-26.54	-36.88	-24.60	27.36
Cash Flow from Financing Activities	-39.23	-38.93	-26.11	-37.32	-35.82
Net Cash Inflow / Outflow	-21.84	12.73	44.38	-14.25	18.72
Opening Cash & Cash Equivalents	93.04	80.31	37.58	51.83	33.11
Cash & Cash Equivalent on Amalgamation / Take over / Merger	0	0	0	0	0
Cash & Cash Equivalent of Subsidiaries under liquidations	0	0	0	0	0
Translation adjustment on reserves / op cash balalces frgn subsidiaries	0	0	0	0	0
Effect of Foreign Exchange Fluctuations	0	0	0	0	0
Closing Cash & Cash Equivalent	71.21	93.04	81.96	37.58	51.83

Unicon Securities Pvt. Ltd. Member NSE, BSE & CDSL SEBI Registration No : NSE – INB231283830 F&O – INF231283830 BSE – INB011282531 CDSL – IN – DP– CDSL– 435–2007 Unicon Commodities Pvt. Ltd. Member NCDEX / MCX / NMCE NCDEX Member No : 00721 MCX Member No : 31750 NMCE Member No : CL0181

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