Grindwell Norton (GRINDWELL)

FairStock Score: 40/100 — MIXED

Score breakdown: P/E: 0/3 · ROCE: 1/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham-style investor, I start with business quality and the price I pay. Grindwell Norton shows quality industrial traits: abrasives and bearings, promoter holding 58.04%, debt/equity 0.02, ROE 18.78%, ROCE 20.90%, and a Piotroski F-Score of 7/9. The balance sheet is almost debt-free, and capital efficiency is respectable. Latest quarter sales were ₹753 Cr with net profit ₹96 Cr, while free cash flow was ₹243 Cr, so it is converting profits into cash. Growth has been steady: five-year revenue CAGR 12.22%, recent sales growth 14.20%, and profit growth 22.30%, with profit outpacing sales. That hints at some pricing or operating leverage, though the figures alone do not prove a wide moat. I see moat evidence in high ROCE and low debt, but not a fortress. Valuation is the problem. At ₹2167.50, market cap is ₹23,999 Cr, P/E 54.94, P/B 9.47, and dividend yield only 0.88%. Book value is ₹228.93, so I am paying nearly 9.5 times book for an 18.78% ROE. PEG ratio 5.65 says growth is expensive, and FairStock score 40/100 is mixed. The 52-week range ₹1329-₹2400 shows the stock can swing widely and is near the upper end. Graham would want a margin of safety; Buffett might accept a wonderful business at a fair price, but this is not obviously fair. I would classify Grindwell as a Stalwart: financially strong, steady grower, but priced for a lot. Quality yes; patience and a lower price would make it far more attractive.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer