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Commentary (15 May 2024 @ 06:00):

Stats
Today's Volume	48 010.00
Average Volume	58 284.00
Market Cap	252.75B
EPS	INR0 ( 2024-05-05 )
Next earnings date	( INR0 ) 2024-08-12
Last Dividend	INR14.50 ( 2023-08-03 )
Next Dividend	INR0 ( N/A )
P/E	64.72
ATR14	INR2.14 (0.09%)

Volume Correlation

Long: 0.15 (neutral)

Short: 0.57 (weak)

Signal:(61.057) Neutral

Grindwell Norton Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Grindwell Norton Limited Correlation - Currency/Commodity

0.08
( neutral )

-0.32
( neutral )

-0.44
( neutral )

0.55
( weak )

0.50
( neutral )

0.53
( weak )

Grindwell Norton Limited Financials

Annual	2023
Revenue:	INR26.87B
Gross Profit:	INR10.83B (40.33 %)
EPS:	INR34.65

FY	2023
Revenue:	INR26.87B
Gross Profit:	INR10.83B (40.33 %)
EPS:	INR34.65

FY	2022
Revenue:	INR25.41B
Gross Profit:	INR13.80B (54.29 %)
EPS:	INR32.69

FY	2022
Revenue:	INR20.13B
Gross Profit:	INR10.84B (53.85 %)
EPS:	INR26.70

Financial Reports:

No articles found.

Grindwell Norton Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR12.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR14.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Grindwell Norton Limited Dividend Information - Dividend Knight

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 5.23 - Stable (4.52%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR1.750	2007-03-22
Last Dividend	INR14.50	2023-08-03
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	19	--
Total Paid Out	INR98.00	--
Avg. Dividend % Per Year	0.77%	--
Score	3.53	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	5.23
Div. Directional Score	8.43	--

Next Divdend (Est)
(2024-06-12)

INR15.92 Estimate 3.15 %

Dividend Stability

0.25 Very Poor

Dividend Score

3.53

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR5.00	0.96%
2019	INR6.00	1.07%
2020	INR7.50	1.27%
2021	INR19.00	2.65%
2022	INR12.00	0.62%
2023	INR14.50	0.79%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
SAFARI.NS	Dividend Junior	2023-07-13	Semi-Annually	3	0.08%
LOTUSEYE.NS	Dividend Junior	2023-09-18	Sporadic	8	0.55%
GEECEE.NS	Dividend Junior	2023-09-08	Sporadic	18	0.97%
ARIHANTCAP.NS	Dividend Junior	2023-07-28	Annually	4	0.39%
THOMASCOOK.NS	Dividend Junior	2023-08-10	Sporadic	18	0.15%
ORIENTELEC.NS	Dividend Knight	2023-07-26	Semi-Annually	7	0.41%
IRB.NS	Dividend Junior	2023-05-29	Annually	16	0.63%
CREST.NS	Dividend Junior	2023-08-17	Annually	18	0.30%
SHREDIGCEM.NS	Dividend Knight	2023-06-21	Annually	5	3.13%
MANYAVAR.NS	Dividend Knight	2023-08-17	Annually	3	0.31%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.143	1.500	7.13	10.00	[0 - 0.5]
returnOnAssetsTTM	0.139	1.200	5.38	6.46	[0 - 0.3]
returnOnEquityTTM	0.203	1.500	8.86	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	2.76	0.800	1.207	0.966	[1 - 3]
quickRatioTTM	1.787	0.800	4.19	3.35	[0.8 - 2.5]
cashRatioTTM	0.374	1.500	9.04	10.00	[0.2 - 2]
debtRatioTTM	0.0103	-1.500	9.83	-10.00	[0 - 0.6]
interestCoverageTTM	64.39	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	12.14	2.00	5.95	10.00	[0 - 30]
freeCashFlowPerShareTTM	12.14	2.00	3.93	7.86	[0 - 20]
debtEquityRatioTTM	0.0139	-1.500	9.94	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.508	1.000	4.86	4.86	[0.2 - 0.8]
operatingProfitMarginTTM	0.187	1.000	8.27	8.27	[0.1 - 0.6]
cashFlowToDebtRatioTTM	4.72	1.000	10.00	10.00	[0.2 - 2]
assetTurnoverTTM	0.966	0.800	6.89	5.51	[0.5 - 2]
Total Score				11.63

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	65.28	1.000	3.51	0	[1 - 100]
returnOnEquityTTM	0.203	2.50	9.27	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	12.14	2.00	5.95	7.86	[0 - 30]
dividendYielPercentageTTM	0.641	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	12.14	2.00	5.95	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	4.46	1.500	10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0502	1.000	-1.244	0	[0.1 - 0.5]
Total Score				5.23

Grindwell Norton Limited Options Data

Array

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

Grindwell Norton Limited

Grindwell Norton Limited manufactures and sells abrasives, ceramics, and plastic products in India. The company offers bonded abrasives in the form of wheels and other shapes, such as segments, sticks, etc. for various applications, including lapping, honing, super-finishing, thread grinding, fluting, OD grinding, ID grinding, and surface grinding, as well as for rough applications comprising snagging, cutting-off, burr removal, and weld preparation. It also provides coated abrasives products in various shapes, such as discs, belts, wheels, and sheets and rolls for material removal and surface preparation; non-woven abrasives; super abrasives for precision applications, including diamond and cubic boron nitride; thin wheels used for cutting, deburring, and weld-removal; and cutting-edge abrasive products. In addition, the company offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives and refractories, as well as for stone polishing; and performance ceramics and refractories for use in sanitary-ware, table-ware, ballistic armor protection, wear resistance systems, etc. Further, it produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and foams for use in the automotive, oil and gas, life sciences, construction, energy, and general industrial applications. The company also exports its products. The company was founded in 1941 and is based in Mumbai, India. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain.