Grindwell Norton Limited (GRINDWELL) - Net Assets

Latest as of September 2025: Rs22.96 Billion INR ≈ $248.35 Million USD

Based on the latest financial reports, Grindwell Norton Limited (GRINDWELL) has net assets worth Rs22.96 Billion INR (≈ $248.35 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs31.42 Billion ≈ $339.76 Million USD) and total liabilities (Rs8.45 Billion ≈ $91.42 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GRINDWELL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs22.96 Billion
% of Total Assets	73.09%
Annual Growth Rate	14.3%
5-Year Change	64.82%
10-Year Change	232.04%
Growth Volatility	7.95

Grindwell Norton Limited - Net Assets Trend (2005–2025)

This chart illustrates how Grindwell Norton Limited's net assets have evolved over time, based on quarterly financial data. Also explore Grindwell Norton Limited total assets for the complete picture of this company's asset base.

Annual Net Assets for Grindwell Norton Limited (2005–2025)

The table below shows the annual net assets of Grindwell Norton Limited from 2005 to 2025. For live valuation and market cap data, see Grindwell Norton Limited (GRINDWELL) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs22.70 Billion ≈ $245.44 Million	+9.81%
2024-03-31	Rs20.67 Billion ≈ $223.51 Million	+13.75%
2023-03-31	Rs18.17 Billion ≈ $196.49 Million	+15.42%
2022-03-31	Rs15.74 Billion ≈ $170.24 Million	+14.32%
2021-03-31	Rs13.77 Billion ≈ $148.91 Million	+14.66%
2020-03-31	Rs12.01 Billion ≈ $129.87 Million	+8.02%
2019-03-31	Rs11.12 Billion ≈ $120.23 Million	+10.86%
2018-03-31	Rs10.03 Billion ≈ $108.46 Million	+10.91%
2017-03-31	Rs9.04 Billion ≈ $97.79 Million	+32.29%
2016-03-31	Rs6.84 Billion ≈ $73.92 Million	+9.46%
2015-03-31	Rs6.24 Billion ≈ $67.53 Million	+10.42%
2014-03-31	Rs5.66 Billion ≈ $61.16 Million	+8.05%
2013-03-31	Rs5.23 Billion ≈ $56.60 Million	+12.07%
2012-03-31	Rs4.67 Billion ≈ $50.50 Million	+14.98%
2011-03-31	Rs4.06 Billion ≈ $43.92 Million	+12.26%
2010-03-31	Rs3.62 Billion ≈ $39.12 Million	+15.48%
2009-03-31	Rs3.13 Billion ≈ $33.88 Million	+11.46%
2008-03-31	Rs2.81 Billion ≈ $30.39 Million	+41.72%
2007-03-31	Rs1.98 Billion ≈ $21.45 Million	+13.61%
2006-03-31	Rs1.75 Billion ≈ $18.88 Million	+11.39%
2005-03-31	Rs1.57 Billion ≈ $16.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Grindwell Norton Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1570781000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs15.71 Billion	69.64%
Common Stock	Rs553.60 Million	2.45%
Other Comprehensive Income	Rs6.01 Billion	26.67%
Other Components	Rs279.08 Million	1.24%
Total Equity	Rs22.55 Billion	100.00%

Grindwell Norton Limited Competitors by Market Cap

The table below lists competitors of Grindwell Norton Limited ranked by their market capitalization.

Company	Market Cap
Expro Group Holdings NV NYSE:XPRO	$1.89 Billion
Zhongli Science and Technology Group Co Ltd SHE:002309	$1.89 Billion
Beach Energy Ltd AU:BPT	$1.89 Billion
TIANQI LITHIUM H YC 1 F:2220	$1.89 Billion
Inox Wind Limited NSE:INOXWIND	$1.89 Billion
Gestamp Automocion SA MC:GEST	$1.89 Billion
Lovisa Holdings Ltd AU:LOV	$1.89 Billion
National Bank Holdings Corporation NYSE:NBHC	$1.88 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Grindwell Norton Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 20,552,747,000 to 22,554,973,000, a change of 2,002,226,000 (9.7%).
Net income of 3,687,213,000 contributed positively to equity growth.
Dividend payments of 1,882,240,000 reduced retained earnings.
Other comprehensive income increased equity by 240,088,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs3.69 Billion	+16.35%
Dividends Paid	Rs1.88 Billion	-8.35%
Other Comprehensive Income	Rs240.09 Million	+1.06%
Other Changes	Rs-42.84 Million	-0.19%
Total Change	Rs-	9.74%

Book Value vs Market Value Analysis

This analysis compares Grindwell Norton Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 7.74x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 111.34x to 7.74x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs14.15	Rs1575.90	x
2006-03-31	Rs15.75	Rs1575.90	x
2007-03-31	Rs17.90	Rs1575.90	x
2008-03-31	Rs25.24	Rs1575.90	x
2009-03-31	Rs27.79	Rs1575.90	x
2010-03-31	Rs32.07	Rs1575.90	x
2011-03-31	Rs36.12	Rs1575.90	x
2012-03-31	Rs41.62	Rs1575.90	x
2013-03-31	Rs46.63	Rs1575.90	x
2014-03-31	Rs50.39	Rs1575.90	x
2015-03-31	Rs55.62	Rs1575.90	x
2016-03-31	Rs60.85	Rs1575.90	x
2017-03-31	Rs80.66	Rs1575.90	x
2018-03-31	Rs89.46	Rs1575.90	x
2019-03-31	Rs99.16	Rs1575.90	x
2020-03-31	Rs107.24	Rs1575.90	x
2021-03-31	Rs123.27	Rs1575.90	x
2022-03-31	Rs141.66	Rs1575.90	x
2023-03-31	Rs162.96	Rs1575.90	x
2024-03-31	Rs185.63	Rs1575.90	x
2025-03-31	Rs203.71	Rs1575.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grindwell Norton Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 16.35%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.11%
• Asset Turnover: 0.92x
• Equity Multiplier: 1.36x
Recent ROE (16.35%) is below the historical average (19.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	18.62%	10.98%	0.88x	1.93x	Rs135.09 Million
2006	20.28%	11.14%	1.19x	1.53x	Rs179.47 Million
2007	23.21%	12.34%	1.18x	1.60x	Rs261.87 Million
2008	47.69%	30.26%	1.01x	1.56x	Rs1.05 Billion
2009	17.60%	10.81%	1.05x	1.56x	Rs234.09 Million
2010	24.21%	12.25%	1.25x	1.58x	Rs505.08 Million
2011	20.89%	10.71%	1.25x	1.57x	Rs435.87 Million
2012	22.30%	11.35%	1.22x	1.61x	Rs567.18 Million
2013	18.85%	10.28%	1.21x	1.52x	Rs456.91 Million
2014	15.04%	8.69%	1.16x	1.49x	Rs281.34 Million
2015	16.76%	9.09%	1.21x	1.52x	Rs416.34 Million
2016	15.62%	9.13%	1.16x	1.48x	Rs378.54 Million
2017	13.37%	9.44%	1.05x	1.35x	Rs300.93 Million
2018	15.12%	10.46%	1.06x	1.36x	Rs506.93 Million
2019	15.23%	10.47%	1.10x	1.32x	Rs574.53 Million
2020	15.37%	11.56%	0.99x	1.34x	Rs637.89 Million
2021	17.52%	14.60%	0.88x	1.37x	Rs1.03 Billion
2022	18.85%	14.69%	0.95x	1.35x	Rs1.39 Billion
2023	20.04%	14.24%	1.05x	1.34x	Rs1.81 Billion
2024	18.67%	14.28%	0.97x	1.35x	Rs1.78 Billion
2025	16.35%	13.11%	0.92x	1.36x	Rs1.43 Billion

Industry Comparison

This section compares Grindwell Norton Limited's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $3,828,013,013
Average return on equity (ROE) among peers: 14.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Grindwell Norton Limited (GRINDWELL)	Rs22.96 Billion	18.62%	0.37x	$1.89 Billion
Ahlada Engineers Limited (AHLADA)	$128.29 Million	17.65%	2.34x	$6.34 Million
Apollo Pipes Limited (APOLLOPIPE)	$3.07 Billion	9.31%	0.57x	$214.97 Million
Aro Granite Industries Limited (AROGRANITE)	$1.23 Billion	9.18%	1.03x	$4.43 Million
Beardsell Limited (BEARDSELL)	$709.61 Million	11.59%	1.26x	$11.03 Million
Bigbloc Construction Limited (BIGBLOC)	$1.09 Billion	28.25%	1.70x	$74.03 Million
Blue Star Limited (BLUESTARCO)	$4.56 Billion	11.89%	3.77x	$3.96 Billion
Cera Sanitaryware Limited (CERA)	$11.83 Billion	17.70%	0.42x	$732.50 Million
Electrosteel Castings Limited (ELECTCAST)	$11.97 Billion	4.63%	1.01x	$548.14 Million
Everest Industries Limited (EVERESTIND)	$2.50 Billion	21.15%	1.09x	$65.00 Million
Exxaro Tiles Limited (EXXARO)	$1.21 Billion	9.33%	2.21x	$33.72 Million

About Grindwell Norton Limited

NSE:GRINDWELL India Building Products & Equipment

Market Cap

$1.89 Billion

Rs174.48 Billion INR

Market Cap Rank

#6489 Global

#290 in India

Share Price

Rs1575.90

Change (1 day)

-1.02%

52-Week Range

Rs1353.10 - Rs1844.00

All Time High

Rs2933.22