---
title: "Grindwell Norton Ltd (GRINDWELL) — Share Price, Financials & Analysis"
symbol: "GRINDWELL"
company: "Grindwell Norton Ltd"
canonical: "https://tapetide.com/stocks/GRINDWELL"
isin: "INE536A01023"
nse_symbol: "GRINDWELL"
bse_code: "506076"
sector: "Industrial Products"
industry: "Abrasives & Bearings"
market_cap_cr: 20814.25
generated_at: "2026-09-13T19:22:20.396Z"
---

# Grindwell Norton Ltd (GRINDWELL)

Canonical page: https://tapetide.com/stocks/GRINDWELL

## Company

- **NSE Symbol:** GRINDWELL
- **BSE Code:** 506076
- **ISIN:** INE536A01023
- **Sector:** Industrial Products
- **Industry:** Abrasives & Bearings
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-09-11
- **CEO:** Mr. Venugopal Ramnath Shanbhag
- **Employees:** 2429
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** grindwellnorton.co.in

## About

Grindwell Norton Limited is engaged in the business of manufacturing Abrasives, Ceramics & Plastics and providing IT Services. [1]

## Latest Price

- **Price:** ₹1885.8
- **Change:** -21.9 (-1.15%)
- **Open:** ₹1897.9
- **Day High:** ₹1930
- **Day Low:** ₹1865
- **Previous Close:** ₹1907.7
- **Volume:** 12610
- **As Of:** 2026-09-11T09:59:54+00:00

## Key Fundamentals

Observed at 2026-09-11T04:36:36.340059Z.

- **Market Cap:** ₹20814.25 Cr
- **Classification:** Smallcap
- **P/E (reported):** 48.2
- **P/E (TTM):** 47.86
- **EPS (TTM):** ₹39.4
- **EPS (reported):** ₹34.33
- **Book Value:** ₹228.63
- **Price to Book:** 8.33
- **Dividend Yield:** 1%
- **ROE:** 16.35%
- **ROCE:** 20.99%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹3168.1 Cr
- **Net Income:** ₹416.8 Cr
- **EBITDA:** ₹668.6 Cr
- **52-Week High:** ₹2455
- **52-Week Low:** ₹1329
- **RSI (14):** 35.18

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Flat
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 78.37 | 9% |
| growth | 37.62 | 9% |
| momentum | 54.91 | 12% |
| ownership | 47.77 | 24% |
| quality | 75.5 | 22% |
| valuation | 67.36 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 50.2%
- Company's working capital requirements have reduced from 35.8 days to 23.9 days

### Weaknesses

- Stock is trading at 8.24 times its book value

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 18.24% | 47.34% | 190.57% |
| ebitda margin growth | -1.43% | 2.88% | -1.08% | -4.09% |
| net income growth | -3.35% | 12.25% | 3% | 12% |
| revenue growth | -4% | 9.57% | 7% | 13% |
| roce | -2.51% | 1.35% | -10.57% | 23.1% |
| roe | -3.37% | -0.06% | 17.1% | -12.47% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 |
| Expenses | 536 | 532 | 567 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 |
| Operating Profit | 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 |
| OPM % | 20 | 19 | 18 | 19 | 19 | 18 | 18 | 18 | 18 | 18 | 19 | 20 |
| Other Income | 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| Tax % | 24 | 25 | 23 | 26 | 24 | 24 | 24 | 25 | 25 | 26 | 24 | 25 |
| Net Profit | 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 |
| EPS in Rs | 9.2 | 8.32 | 8.36 | 8.41 | 8.69 | 7.84 | 8.36 | 8.53 | 9.65 | 8.6 | 10.72 | 10.43 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1431 | 1598 | 1580 | 1638 | 2013 | 2541 | 2687 | 2812 | 3073 | 3173 |
| Expenses | 1183 | 1326 | 1315 | 1314 | 1612 | 2040 | 2167 | 2297 | 2497 | 2572 |
| Operating Profit | 248 | 272 | 265 | 324 | 400 | 501 | 520 | 515 | 576 | 601 |
| OPM % | 17 | 17 | 17 | 20 | 20 | 20 | 19 | 18 | 19 | 19 |
| Other Income | 26 | 35 | 40 | 51 | 53 | 53 | 67 | 79 | 93 | 96 |
| Interest | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 8 | 7 |
| Depreciation | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 105 | 106 |
| Profit before tax | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 555 | 584 |
| Tax % | 34 | 35 | 24 | 25 | 25 | 26 | 24 | 25 | 25 | — |
| Net Profit | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
| EPS in Rs | 13.53 | 15.1 | 16.48 | 21.6 | 26.7 | 32.69 | 34.65 | 33.3 | 37.54 | 39.4 |
| Dividend Payout % | 37 | 40 | 46 | 44 | 45 | 44 | 49 | 51 | 51 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| Reserves | 838 | 935 | 1043 | 1132 | 1309 | 1513 | 1750 | 2000 | 2200 | 2479 |
| Borrowings | 8 | 0 | 0 | 0 | 12 | 15 | 51 | 83 | 84 | 61 |
| Other Liabilities | 309 | 349 | 347 | 404 | 485 | 532 | 549 | 628 | 716 | 840 |
| Total Liabilities | 1210 | 1339 | 1445 | 1592 | 1862 | 2116 | 2406 | 2766 | 3055 | 3436 |
| Fixed Assets | 368 | 342 | 345 | 385 | 370 | 386 | 586 | 756 | 886 | 887 |
| CWIP | 6 | 25 | 43 | 29 | 24 | 67 | 124 | 128 | 26 | 52 |
| Investments | 145 | 171 | 183 | 583 | 713 | 531 | 642 | 689 | 892 | 999 |
| Other Assets | 690 | 802 | 875 | 595 | 755 | 1133 | 1054 | 1193 | 1251 | 1498 |
| Total Assets | 1210 | 1339 | 1445 | 1592 | 1862 | 2116 | 2406 | 2766 | 3055 | 3436 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 170 | 134 | 85 | 318 | 331 | 187 | 393 | 368 | 458 | 542 |
| Cash from Investing Activity | -40 | -41 | -54 | -442 | -230 | -54 | -251 | -184 | -159 | -244 |
| Cash from Financing Activity | 3 | -60 | -68 | -95 | -95 | -114 | -140 | -175 | -221 | -215 |
| Net Cash Flow | 133 | 32 | -37 | -220 | 7 | 19 | 1 | 9 | 78 | 83 |
| Free Cash Flow | 117 | 96 | 18 | 268 | 283 | 67 | 72 | 199 | 366 | 424 |
| CFO/OP | 119 | 83 | 65 | 146 | 126 | 72 | 103 | 97 | 111 | 118 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 37 | 45 | 47 | 47 | 45 | 43 | 40 | 49 | 47 | 47 |
| Inventory Days | 162 | 159 | 169 | 155 | 163 | 184 | 146 | 148 | 140 | 123 |
| Days Payable | 109 | 114 | 93 | 116 | 158 | 134 | 88 | 110 | 122 | 132 |
| Cash Conversion Cycle | 89 | 90 | 123 | 87 | 50 | 92 | 98 | 86 | 66 | 39 |
| Working Capital Days | 49 | 54 | 74 | 50 | 36 | 51 | 44 | 47 | 37 | 24 |
| ROCE % | 20 | 23 | 23 | 20 | 23 | 26 | 28 | 25 | 21 | 21 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% | 58.03% |
| FIIs | 8.4% | 8.42% | 8.31% | 8.63% | 8.26% | 6.97% | 6.75% | 6.82% | 6.39% | 6.39% | 5.56% | 5.21% |
| DIIs | 14.76% | 15.06% | 15.9% | 16.15% | 16.7% | 18.08% | 18.34% | 18.2% | 18.37% | 18.35% | 19.18% | 19.59% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 12.66% | 12.51% | 12.25% | 11.76% | 11.49% | 11.42% | 11.41% | 11.47% | 11.64% | 11.64% | 11.65% | 11.6% |
| Others | 6.15% | 5.97% | 5.5% | 5.43% | 5.52% | 5.5% | 5.46% | 5.48% | 5.57% | 5.58% | 5.58% | 5.57% |
| No. of Shareholders | 51240 | 52199 | 47954 | 47493 | 50455 | 50300 | 46810 | 47110 | 48557 | 49010 | 46994 | 45545 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 3 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1945.3 | Sell |
| EMA (10) | 1942.12 | Sell |
| SMA (20) | 2004.3 | Sell |
| EMA (20) | 1985.17 | Sell |
| SMA (50) | 2053.01 | Sell |
| EMA (50) | 2012.44 | Sell |
| SMA (100) | 1970.97 | Sell |
| EMA (100) | 1950.91 | Sell |
| SMA (200) | 1764.57 | Buy |
| EMA (200) | 1846.89 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.1 | Neutral |
| MACD (12,26,9) | -47.58 | Sell |
| Stochastic (14,3,3) | 12 | Buy |
| ADX (14) | 29.36 | Buy |
| Williams %R (14) | -90.1 | Buy |
| ATR (14) | 56.36 | Neutral |
| ROC (12) | -8.27 | Sell |
| Stoch RSI (14) | 3.48 | Buy |
| UO (7,14,28) | 34.55 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 3 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 3 analyst ratings, observed at 2026-09-11T04:36:36.324138+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28e75884-8cf5-4da8-a6b6-65159b01d80b.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=43abeff4-9542-44f5-b5b7-060899e1677a.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b947d3e-fb50-4bb9-8fc5-8f5b77575314.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8abec6ae-ff7b-455f-a735-89b425d82985.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38dfa8f7-a5b8-4a68-b570-57004c4b54d9.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91f57a23-bcac-4136-8de3-a7e6cd4ab7d1.pdf) |
| 2026-08-04 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a25e11b4-74c0-4def-8372-015b6b686b75.pdf) |
| 2026-07-25 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5bc7813-77b2-4e58-9750-0f5941f9b91c.pdf) |
| 2026-07-25 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72be3e6a-da71-490a-9e9d-06194a3d3b75.pdf) |
| 2026-07-24 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e439ee0f-4354-4d19-9797-aa943fbc349a.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-24 | [Outcome Of The Board Meeting - Approval Of Unaudited Financial Results For The Quarter Ended June 30 2026 Along With The Limited Review Reports](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8edd1c8-73fa-4fa4-af26-79ae235eb9bf.pdf) |
| 2026-05-08 | [Financial Results For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc315858-f163-4c6d-94d2-f76f6569bd44.pdf) |
| 2026-02-06 | [Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2f7495e-dc82-4475-ac35-507f70f8b8de.pdf) |
| 2025-10-30 | [Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e7f47f2-cdfa-401a-b084-cbe0765c4ce2.pdf) |
| 2025-07-25 | [Results-Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=275816e8-a960-4d64-a906-f53ec5cf8a6a.pdf) |
| 2025-02-13 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5458128c-21b5-41be-9b44-b9b15db89bd8.pdf) |
| 2024-10-30 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5518329e-2973-46f4-b636-2d84050e28e6.pdf) |
| 2024-07-18 | [Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5829ea0f-5762-413d-907b-20427b58e384.pdf) |
| 2024-05-06 | [Financial Result For The Quarter And Financial Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65d0f4c7-f69e-4d7d-8f8e-96346ac43a40.pdf) |
| 2024-02-03 | [Outcome Of The Board Meeting- Financial Results For The Quarter And Nine Months Ended December 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71dd4e5e-19fc-44cd-b0fd-b505b31e0fa5.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e5ed1a2-7ccb-4ec3-9157-47b3888b6495.pdf) |
| 2025-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0fe8c27e-5ce9-40f2-8a76-9e5271ef3ca5.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Grindwell Norton terminated green energy agreements with Radiance MH Sunrise Thirteen on April 9, 2026. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Termination Of Agreements With Radiance MH Sunrise Thirteen Private Limited 9 Apr - Grindwell Norton terminated green energy agreements with Radiance MH Sunrise Thirteen on April 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20fc12e4-adc7-418a-a2d6-7634e8618ac3.pdf) |
| 8 May - Filed annual secretarial compliance report for year ended March 31, 2026, issued by Parikh & Associates. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 8 May - Filed annual secretarial compliance report for year ended March 31, 2026, issued by Parikh & Associates.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/78258885-bd9a-4fde-861a-98948ace424e.pdf) |
| 8 May - Board approved FY26 audited results, recommended ₹19 dividend, set July 10 record date and July 24 AGM. | [Announcement under Regulation 30 (LODR)-Dividend Updates 8 May - Board approved FY26 audited results, recommended ₹19 dividend, set July 10 record date and July 24 AGM.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2afb62e-1e22-4268-979b-5484f49790b3.pdf) |
| 8 May - Board approved FY26 audited results, recommended ₹19 dividend, fixed July 10 record date, AGM on July 24, 2026. | [Announcement under Regulation 30 (LODR)-Date of payment of Dividend 8 May - Board approved FY26 audited results, recommended ₹19 dividend, fixed July 10 record date, AGM on July 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ddffbb9b-d3bd-42f3-ab09-8f023c9cae40.pdf) |
| 6 Feb - Unaudited Q3/9M Dec 31, 2025 results approved; 9M net profit ₹29,351.23 lakhs; invest ₹11,000,000; CS appointed Feb 8, 2026. | [Investment In Special Purpose Vehicle (''SPV'') Of Sunsure Energy Private Limited 6 Feb - Unaudited Q3/9M Dec 31, 2025 results approved; 9M net profit ₹29,351.23 lakhs; invest ₹11,000,000; CS appointed Feb 8, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/41e296b3-3f78-48fc-a732-4fe7e3314f8d.pdf) |
| 6 Feb - Authorized KMP Venugopal Shanbhag (MD) and Girish T. Shajani (CS) for disclosures effective Feb 8, 2026. | [Please Find Attached The Details Of KMP Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015 6 Feb - Authorized KMP Venugopal Shanbhag (MD) and Girish T. Shajani (CS) for disclosures effective Feb 8, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b732e2f-666c-4f66-887f-921d319a4cfb.pdf) |
| 3 Apr - Received CGST order on April 3, 2026 for ₹5,36,130 over excess ITC; company may appeal. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 3 Apr - Received CGST order on April 3, 2026 for ₹5,36,130 over excess ITC; company may appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9211138e-5e50-4de2-93ea-5287dc8602ae.pdf) |
| 3 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c4211a2-d75a-4e65-86dc-e6a9882410a4.pdf) |
| 2d - Board meets May 8, 2026 to approve FY26 audited results and consider dividend. | [Board Meeting Intimation for Approval Of Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2026, And Recommendation Of Dividend 2d - Board meets May 8, 2026 to approve FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/32e52d44-ab68-4e66-be8c-2d4b73377c70.pdf) |
| 24 Feb - CFC Finlease assigned ESG rating 67 to Grindwell Norton; company not engaged. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 24 Feb - CFC Finlease assigned ESG rating 67 to Grindwell Norton; company not engaged.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d8c6dbd-097e-4f59-bc0c-b9aaf77e9eb3.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e5ed1a2-7ccb-4ec3-9157-47b3888b6495.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e5ed1a2-7ccb-4ec3-9157-47b3888b6495.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0fe8c27e-5ce9-40f2-8a76-9e5271ef3ca5.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=291f7c51-25fb-4102-8265-dea80ee8b8e5.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/291f7c51-25fb-4102-8265-dea80ee8b8e5.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a33ed6c-7425-40ae-afd1-28ef37f00fd2.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a33ed6c-7425-40ae-afd1-28ef37f00fd2.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3c901fa-b2e9-4b75-9174-2134e674954c.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3c901fa-b2e9-4b75-9174-2134e674954c.pdf) |
| May 2020 | [Concall - May 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cae6111e-fa59-4148-b25e-01c3aa399ebc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_GRINDWELL_2011_2012_04072012120125.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39f8ca02-f396-440c-9b65-d8eeb9a0de38.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7fdbd5d-5136-460c-a049-8ed7dc112a39.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec0ccaec-98fd-46a7-aa91-3639f2664cee.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3078bd9-3a13-4ccd-a1b3-42e767518c08.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/506076/73429506076.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/506076/68740506076.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/506076/5060760320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/506076/5060760319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/506076/5060760318.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:22:20.396Z.