Nifty
Sensex
:
:
24175.65
77264.51
84.80 (0.35%)
330.92 (0.43%)

Abrasives

Rating :
69/99

BSE: 506076 | NSE: GRINDWELL

2057.70
28-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  2034.2
  •  2063.7
  •  2024.4
  •  2024.10
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  15697
  •  32155052.8
  •  2455
  •  1329

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 22,772.89
  • 52.19
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 22,283.84
  • 0.92%
  • 8.67

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 58.03%
  • 1.34%
  • 11.60%
  • FII
  • DII
  • Others
  • 5.21%
  • 19.57%
  • 4.25%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.30
  • 8.83
  • 4.58

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.50
  • 7.54
  • 2.01

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 13.29
  • 7.05
  • 2.71

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 52.76
  • 61.85
  • 54.36

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 9.45
  • 11.34
  • 10.18

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 32.42
  • 38.30
  • 35.76

Earnings Forecasts:

(Updated: 22-08-2026)
Description
2026
2027
2028
2029
Adj EPS
42
27
17.23
36.07
P/E Ratio
48.99
76.21
119.43
57.05
Revenue
50.58
43.84
38.36
3018.93
EBITDA
3473.9
3930.43
4440
557.57
Net Income
655.37
757.37
864.75
399.67
ROA
475.9
549
627
14.94
P/B Ratio
1.58
1.30
1.06
9.24
ROE
8.54
7.64
6.8
16.93
FCFF
17.87
18.37
18.85
250.13
FCFF Yield
307.68
454.37
506.18
1.09
Net Debt
1.34
1.98
2.2
913.7
BVPS
1299.3
1583.6
1933.3
222.74

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
803.29
703.46
14.19%
842.22
709.51
18.70%
752.79
702.61
7.14%
774.74
693.87
11.65%
Expenses
646.28
573.57
12.68%
678.01
582.19
16.46%
613.89
579.16
6.00%
634.07
564.63
12.30%
EBITDA
157.01
129.89
20.88%
164.21
127.32
28.97%
138.89
123.44
12.52%
140.67
129.24
8.84%
EBIDTM
19.55%
18.46%
19.50%
17.94%
18.45%
17.57%
18.16%
18.63%
Other Income
24.58
23.82
3.19%
21.23
22.74
-6.64%
18.87
17.95
5.13%
30.99
23.41
32.38%
Interest
1.38
2.17
-36.41%
1.71
2.50
-31.60%
2.14
2.10
1.90%
2.16
2.29
-5.68%
Depreciation
26.53
25.91
2.39%
25.91
24.89
4.10%
26.97
23.49
14.81%
26.33
22.82
15.38%
PBT
153.69
125.64
22.33%
157.82
122.67
28.65%
128.66
115.80
11.11%
143.17
127.54
12.25%
Tax
38.81
31.43
23.48%
38.46
30.06
27.94%
32.86
28.19
16.57%
35.82
30.41
17.79%
PAT
114.88
94.20
21.95%
119.36
92.61
28.88%
95.80
87.62
9.34%
107.35
97.13
10.52%
PATM
14.30%
13.39%
14.17%
13.05%
12.73%
12.47%
13.86%
14.00%
EPS
10.43
8.53
22.27%
10.72
8.36
28.23%
8.60
7.84
9.69%
9.65
8.69
11.05%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
3,173.04
3,073.19
2,811.59
2,686.77
2,541.34
2,012.76
1,637.92
1,579.57
1,598.06
1,430.98
1,263.36
Net Sales Growth
12.94%
9.30%
4.65%
5.72%
26.26%
22.89%
3.69%
-1.16%
11.68%
13.27%
 
Cost Of Goods Sold
1,466.75
1,424.86
1,276.04
1,206.65
1,161.68
889.94
720.83
712.96
709.53
623.54
554.42
Gross Profit
1,706.29
1,648.34
1,535.55
1,480.12
1,379.66
1,122.82
917.09
866.60
888.53
807.43
708.94
GP Margin
53.77%
53.64%
54.62%
55.09%
54.29%
55.79%
55.99%
54.86%
55.60%
56.42%
56.12%
Total Expenditure
2,572.25
2,499.54
2,298.45
2,167.33
2,043.39
1,613.86
1,322.71
1,315.14
1,326.25
1,184.09
1,070.25
Power & Fuel Cost
-
125.07
140.92
125.52
115.81
85.15
67.55
83.76
81.78
70.01
60.95
% Of Sales
-
4.07%
5.01%
4.67%
4.56%
4.23%
4.12%
5.30%
5.12%
4.89%
4.82%
Employee Cost
-
350.11
337.00
325.79
297.36
250.69
207.77
204.84
192.58
176.79
170.21
% Of Sales
-
11.39%
11.99%
12.13%
11.70%
12.46%
12.68%
12.97%
12.05%
12.35%
13.47%
Manufacturing Exp.
-
310.17
283.72
274.79
260.54
229.33
194.95
197.26
211.12
192.41
167.93
% Of Sales
-
10.09%
10.09%
10.23%
10.25%
11.39%
11.90%
12.49%
13.21%
13.45%
13.29%
General & Admin Exp.
-
145.21
137.55
129.47
113.37
92.91
70.07
73.41
86.45
78.21
79.83
% Of Sales
-
4.73%
4.89%
4.82%
4.46%
4.62%
4.28%
4.65%
5.41%
5.47%
6.32%
Selling & Distn. Exp.
-
4.22
6.49
6.99
8.42
5.23
4.70
4.13
3.07
1.69
1.17
% Of Sales
-
0.14%
0.23%
0.26%
0.33%
0.26%
0.29%
0.26%
0.19%
0.12%
0.09%
Miscellaneous Exp.
-
139.90
116.74
98.12
86.21
60.60
56.85
38.77
41.71
41.43
1.17
% Of Sales
-
4.55%
4.15%
3.65%
3.39%
3.01%
3.47%
2.45%
2.61%
2.90%
2.83%
EBITDA
600.78
573.65
513.14
519.44
497.95
398.90
315.21
264.43
271.81
246.89
193.11
EBITDA Margin
18.93%
18.67%
18.25%
19.33%
19.59%
19.82%
19.24%
16.74%
17.01%
17.25%
15.29%
Other Income
95.67
94.92
79.88
68.31
57.75
55.56
59.84
40.45
35.36
26.95
30.85
Interest
7.39
8.17
9.35
7.76
7.80
4.12
3.42
4.47
1.50
1.53
2.01
Depreciation
105.74
105.12
92.65
70.88
60.15
53.47
54.36
57.78
45.23
44.84
42.25
PBT
583.34
555.29
491.02
509.11
487.76
396.87
317.27
242.63
260.44
227.47
179.72
Tax
145.95
138.57
120.70
124.38
124.37
100.81
79.46
58.74
91.72
76.58
58.83
Tax Rate
25.02%
24.95%
24.58%
24.45%
25.50%
25.40%
25.04%
24.21%
35.22%
33.67%
32.73%
PAT
437.39
415.66
368.72
383.64
361.90
295.65
239.18
182.52
167.24
149.75
119.40
PAT before Minority Interest
436.03
416.79
371.27
383.96
361.52
295.08
237.74
183.89
168.72
150.89
120.89
Minority Interest
-1.36
-1.13
-2.55
-0.32
0.38
0.57
1.44
-1.37
-1.48
-1.14
-1.49
PAT Margin
13.78%
13.53%
13.11%
14.28%
14.24%
14.69%
14.60%
11.56%
10.47%
10.46%
9.45%
PAT Growth
17.72%
12.73%
-3.89%
6.01%
22.41%
23.61%
31.04%
9.14%
11.68%
25.42%
 
EPS
39.51
37.55
33.31
34.66
32.69
26.71
21.61
16.49
15.11
13.53
10.79

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
2,534.75
2,255.50
2,055.27
1,805.81
1,568.46
1,364.82
1,187.33
1,097.92
990.52
893.02
Share Capital
55.36
55.36
55.36
55.36
55.36
55.36
55.36
55.36
55.36
55.36
Total Reserves
2,460.45
2,184.66
1,986.52
1,738.69
1,502.72
1,300.66
1,124.92
1,037.13
931.34
835.04
Non-Current Liabilities
133.18
149.26
128.49
91.77
47.43
49.60
48.55
44.79
43.23
44.15
Secured Loans
0.00
0.00
0.00
3.95
0.00
0.00
0.00
0.00
0.00
1.92
Unsecured Loans
0.00
1.01
6.36
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
47.69
50.20
49.62
52.02
26.77
25.91
22.97
20.32
20.35
17.28
Current Liabilities
752.61
635.78
570.35
497.27
488.46
435.51
342.29
288.72
293.02
261.49
Trade Payables
514.32
425.28
362.37
279.23
327.70
311.79
226.29
180.72
194.80
165.59
Other Current Liabilities
191.38
167.59
158.27
158.57
113.63
94.31
86.30
82.42
65.47
75.23
Short Term Borrowings
0.00
4.37
6.69
8.59
0.00
0.00
0.00
0.00
0.04
5.84
Short Term Provisions
46.90
38.53
43.01
50.87
47.13
29.42
29.70
25.59
32.71
14.84
Total Liabilities
3,435.72
3,054.59
2,765.61
2,405.93
2,115.92
1,862.06
1,591.74
1,445.29
1,339.15
1,209.90
Net Block
886.77
885.72
755.68
585.68
385.53
370.02
384.57
345.07
342.20
368.13
Gross Block
1,452.63
1,381.01
1,162.79
938.37
701.22
646.92
612.35
516.07
469.01
452.77
Accumulated Depreciation
565.87
495.28
407.11
352.68
315.69
276.90
227.77
171.00
126.82
84.64
Non Current Assets
1,323.61
1,252.68
1,192.29
1,027.42
738.12
615.19
602.86
586.16
562.76
534.93
Capital Work in Progress
51.62
26.03
127.78
124.21
67.11
24.00
29.12
42.97
24.52
6.21
Non Current Investment
331.01
275.64
242.09
206.84
200.47
191.97
168.81
170.51
170.80
145.49
Long Term Loans & Adv.
52.63
63.44
51.96
74.50
58.58
28.92
20.09
26.73
24.18
13.85
Other Non Current Assets
1.57
1.84
14.78
36.18
26.43
0.29
0.27
0.87
1.06
1.25
Current Assets
2,112.11
1,801.91
1,573.32
1,378.50
1,377.79
1,246.88
988.89
859.13
776.40
674.97
Current Investments
668.14
615.86
447.26
435.23
330.25
521.40
413.89
12.14
0.00
0.00
Inventories
481.46
489.88
487.61
463.94
447.61
322.54
303.34
328.58
271.89
245.58
Sundry Debtors
396.77
362.43
357.46
280.20
236.87
201.84
205.03
205.62
177.09
127.39
Cash & Bank
490.06
264.64
213.05
139.02
277.99
129.94
14.69
234.12
272.23
242.51
Other Current Assets
75.68
27.20
20.82
10.53
85.06
71.16
51.93
78.67
55.18
59.48
Short Term Loans & Adv.
47.17
41.90
47.14
49.57
63.73
52.06
38.82
52.46
44.94
40.76
Net Current Assets
1,359.50
1,166.13
1,002.97
881.23
889.33
811.37
646.59
570.40
483.37
413.48
Total Assets
3,435.72
3,054.59
2,765.61
2,405.92
2,115.91
1,862.07
1,591.75
1,445.29
1,339.16
1,209.90

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
542.14
458.49
367.94
392.60
186.58
331.28
317.58
84.54
133.89
169.81
PBT
555.36
491.96
508.33
485.90
395.89
317.20
242.64
260.44
227.47
179.72
Adjustment
44.93
43.71
29.47
38.81
33.47
25.44
39.02
30.91
29.78
35.68
Changes in Working Capital
80.26
37.22
-32.43
-8.88
-143.06
67.25
106.00
-113.46
-50.88
15.31
Cash after chg. in Working capital
680.55
572.89
505.37
515.82
286.30
409.89
387.65
177.90
206.36
230.71
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-138.41
-114.40
-137.43
-123.23
-99.72
-78.61
-70.07
-93.35
-72.47
-60.90
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-315.39
-212.75
-181.68
-260.05
-53.60
-229.58
-442.06
-53.79
-44.37
-43.80
Net Fixed Assets
-99.23
-115.33
-222.57
-296.58
-97.28
-29.31
-79.62
-64.26
-34.67
-51.39
Net Investments
-107.57
-201.21
-44.86
-113.21
181.66
-130.74
-400.04
-11.85
-25.30
-10.55
Others
-108.59
103.79
85.75
149.74
-137.98
-69.53
37.60
22.32
15.60
18.14
Cash from Financing Activity
-215.00
-221.25
-174.87
-140.20
-113.88
-95.03
-95.06
-68.24
-60.29
2.89
Net Cash Inflow / Outflow
11.75
24.49
11.39
-7.65
19.10
6.67
-219.54
-37.48
29.23
128.90
Opening Cash & Equivalents
66.91
46.78
37.72
46.99
19.30
12.63
232.17
269.65
238.40
109.51
Closing Cash & Equivalent
78.66
71.28
49.10
39.61
38.40
19.30
12.63
232.17
270.57
238.40

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
226.92
202.01
184.12
161.73
140.42
122.17
106.30
98.37
88.81
80.35
ROA
12.84%
12.76%
14.85%
15.99%
14.84%
13.77%
12.11%
12.12%
11.84%
10.52%
ROE
17.55%
17.37%
20.05%
21.61%
20.30%
18.80%
16.23%
16.28%
16.11%
14.67%
ROCE
23.52%
23.16%
26.53%
29.15%
27.32%
25.20%
21.69%
25.17%
24.30%
21.73%
Fixed Asset Turnover
2.22
2.26
2.62
3.16
3.05
2.63
2.80
3.24
3.15
3.23
Receivable days
44.13
45.78
42.33
36.42
39.00
44.77
47.45
43.71
38.22
34.92
Inventory Days
56.46
62.16
63.17
64.20
68.47
68.86
73.01
68.57
64.96
67.38
Payable days
120.35
112.65
97.04
95.35
131.14
136.23
59.46
54.51
59.66
45.41
Cash Conversion Cycle
-19.76
-4.72
8.46
5.27
-23.66
-22.61
60.99
57.77
43.52
56.89
Total Debt/Equity
0.00
0.00
0.01
0.01
0.00
0.00
0.00
0.00
0.00
0.01
Interest Cover
69.00
53.63
66.52
63.29
97.08
93.82
55.30
174.68
149.43
90.62

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.