1,961.70
+2.22%
Close of 9 Nov 2026, in INR
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About Grindwell Norton
Its shares trade on NSE under the ticker GRINDWELL.NS. It has been listed since 18 April 2000. In the fiscal year to 31 March 2026, it reported revenue of ₹30.73bn and net income of ₹4.16bn. At that date it held total assets of ₹34.38bn and shareholders' equity of ₹25.35bn.
Grindwell Norton Ltd. is a holding company, which engages in the manufacture of abrasives, ceramics, and plastic products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2000-04-18. The firm is engaged in the manufacturing of bonded abrasives, coated abrasives, thin wheels, and superabrasives. The company operates through two segments: abrasives and ceramics and plastics. The Company' Abrasives segment offers bonded abrasives in the form of wheels and other shapes, such as segment and sticks, which are used for various applications, such as lapping, honing, super-finishing, race grinding, thread grinding, fluting, outside diameter (OD) grinding, inside diameter (ID) grinding and surface grinding. Its Ceramics & plastics segment includes Silicon Carbide which is used as raw material in the manufacture of Abrasives; High Performance Refractories, which are used for processing ferrous and non-ferrous metals, and Performance Plastics, which produces and markets standard and custom-made polymer products. The company manufactures industrial ceramics, fused cast refractories, and solutions for wastewater treatment.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 18 Apr 2000
- Employees
- 2,322
- Website
- grindwellnorton.co.in ↗
Leadership
Pay as last reported
- Mr. Subodh NadkarniNon-Executive Independent Chairman of the Board₹2.8m
- Mr. Hari SingudasuChief Financial Officer
- Mr. Krishnaswamy VisweswaranCompliance Officer, Company Secretary₹17.0m
- Mr. B. SanthanamManaging Director, Executive Director, since 2020₹20.3m
- Mr. Venugopal ShanbhagExecutive Director, since 2024
- Mr. Jean-Claude LasserreNon-Executive Director
- Mr. Aakil MahajanNon-Executive Director₹4.3m
- Mr. David MolhoNon-Executive Director
- Mr. Sreedhar NatarajanNon-Executive Director
- Dr. Archana HingoraniNon-Executive Independent Director₹2.8m
- Mr. Kaustubh ShuklaNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 51
- Environment
- 38
- Social
- 91
- Governance
- 25
- Direct emissions (scope 1)
- 26,565 t
- Energy emissions (scope 2)
- 43,719 t
- Women in the workforce
- 17.15531%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Grindwell Norton Ltd. manufactures bonded abrasives for grinding applications in India.
- The company's ceramics and plastics segment supplies Silicon Carbide for abrasives production.
- Grindwell Norton's two segments operate efficiently in the Indian industrial machinery sector.
Weaknesses
- The company's focus on abrasives and ceramics limits diversification in the machinery industry.
- Limited international presence beyond India's industrial market.
- Dependence on domestic manufacturing for all product lines.
Opportunities
- Expanding into superabrasives for high-precision grinding applications in India.
- Increasing demand for refractories in India's metal processing industry.
- Growing market for performance plastics in India's manufacturing sector.
Threats
- Competition from domestic machinery manufacturers in India.
- Economic fluctuations affecting India's industrial growth.
- Rising raw material costs for ceramics and abrasives production.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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