Grindwell Norton (NSE: GRINDWELL), the leading producer of abrasives, ceramics, and high-performance polymers, serves numerous sectors including aerospace, automotive, construction, and healthcare. The company consistently outperforms the Indian stock market, as seen by the constantly rising share price over time. Analysts and investors alike are interested in this as they make predictions about the share price of Grindwell Norton in the future.
Grindwell Norton declared a market valuation of 21,598 Cr. Grindwell Norton Limited is the top producer and exporter of abrasives and silicon carbide in India.
In this article, we will examine Grindwell Norton’s financial performance and market developments to forecast the share price goal for the period from 2024 to 2030.
We will also discuss whether Grindwell Norton is a good stock to buy for investors looking to make a profitable investment in the long run.
You can buy Grindwell Norton shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 2,104.92 | 1,830.37 |
| May 2024 | 2,073.81 | 1,803.32 |
| June 2024 | 2,148.47 | 1,868.23 |
| July 2024 | 2,126.99 | 1,849.55 |
| August 2024 | 2,212.06 | 1,923.53 |
| September 2024 | 2,300.55 | 2,000.48 |
| October 2024 | 2,255.44 | 1,961.25 |
| November 2024 | 2,323.10 | 2,020.09 |
| December 2024 | 2,381.18 | 2,070.59 |
Grindwell Norton’s share price is projected to fluctuate between ₹1,830.37 and ₹2,381.18 by December 2024.
As of April 1st, 2024, the current price stands at ₹1,949 with a high/low of ₹2,495/₹1,801. The market cap is ₹21,598 Cr. with a stock P/E of 55.4 and a book value of ₹167. Its dividend yield is 0.74%.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,428.80 | 1,868.31 |
| February 2025 | 2,491.08 | 1,916.22 |
| March 2025 | 2,588.23 | 1,990.95 |
| April 2025 | 2,537.48 | 1,951.91 |
| May 2025 | 2,463.58 | 1,895.06 |
| June 2025 | 2,574.44 | 1,980.34 |
| July 2025 | 2,523.96 | 1,941.51 |
| August 2025 | 2,602.02 | 2,001.55 |
| September 2025 | 2,693.09 | 2,071.61 |
| October 2025 | 2,763.11 | 2,125.47 |
| November 2025 | 2,832.19 | 2,178.60 |
| December 2025 | 2,902.99 | 2,233.07 |
Grindwell Norton’s share price is anticipated to range from ₹1,868.31 to ₹2,902.99 by December 2025, reflecting a potential increase in value over the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,990.08 | 2,300.06 |
| February 2026 | 3,066.75 | 2,359.04 |
| March 2026 | 3,186.35 | 2,451.04 |
| April 2026 | 3,123.87 | 2,402.98 |
| May 2026 | 3,032.89 | 2,332.99 |
| June 2026 | 3,169.37 | 2,437.98 |
| July 2026 | 3,107.22 | 2,390.17 |
| August 2026 | 3,203.32 | 2,464.09 |
| September 2026 | 3,315.44 | 2,550.34 |
| October 2026 | 3,401.64 | 2,616.65 |
| November 2026 | 3,486.68 | 2,682.06 |
| December 2026 | 3,573.85 | 2,749.11 |
Grindwell Norton’s share price is projected to fluctuate between ₹2,300.06 and ₹3,573.85 by December 2026, indicating a potential upward trend throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 3,645.33 | 2,804.10 |
| February 2027 | 3,738.80 | 2,876.00 |
| March 2027 | 3,884.61 | 2,988.16 |
| April 2027 | 3,808.44 | 2,929.57 |
| May 2027 | 3,697.51 | 2,844.24 |
| June 2027 | 3,863.90 | 2,972.23 |
| July 2027 | 3,788.14 | 2,913.95 |
| August 2027 | 3,905.30 | 3,004.08 |
| September 2027 | 4,041.98 | 3,109.22 |
| October 2027 | 4,147.08 | 3,190.06 |
| November 2027 | 4,250.75 | 3,269.81 |
| December 2027 | 4,357.02 | 3,351.56 |
| When | Maximum Price | Minimum Price |
| January 2028 | 4,444.16 | 3,418.59 |
| February 2028 | 4,558.12 | 3,506.24 |
| March 2028 | 4,735.88 | 3,642.99 |
| April 2028 | 4,643.02 | 3,571.55 |
| May 2028 | 4,507.79 | 3,467.53 |
| June 2028 | 4,710.64 | 3,623.57 |
| July 2028 | 4,618.27 | 3,552.52 |
| August 2028 | 4,761.11 | 3,662.39 |
| September 2028 | 4,927.74 | 3,790.57 |
| October 2028 | 5,055.87 | 3,889.13 |
| November 2028 | 5,182.26 | 3,986.36 |
| December 2028 | 5,311.82 | 4,086.01 |
| When | Maximum Price | Minimum Price |
| January 2029 | 5,418.06 | 4,167.74 |
| February 2029 | 5,556.98 | 4,274.60 |
| March 2029 | 5,773.70 | 4,441.31 |
| April 2029 | 5,660.49 | 4,354.22 |
| May 2029 | 5,495.62 | 4,227.40 |
| June 2029 | 5,742.93 | 4,417.64 |
| July 2029 | 5,630.32 | 4,331.02 |
| August 2029 | 5,804.45 | 4,464.96 |
| September 2029 | 6,007.61 | 4,621.24 |
| October 2029 | 6,163.81 | 4,741.39 |
| November 2029 | 6,317.90 | 4,859.93 |
| December 2029 | 6,475.85 | 4,981.42 |
| When | Maximum Price | Minimum Price |
| January 2030 | 6,605.37 | 5,081.05 |
| February 2030 | 6,774.74 | 5,211.34 |
| March 2030 | 7,038.95 | 5,414.58 |
| April 2030 | 6,900.93 | 5,308.41 |
| May 2030 | 6,699.93 | 5,153.80 |
| June 2030 | 7,001.43 | 5,385.72 |
| July 2030 | 6,864.15 | 5,280.11 |
| August 2030 | 7,076.44 | 5,443.42 |
| September 2030 | 7,324.12 | 5,633.94 |
| October 2030 | 7,514.54 | 5,780.42 |
| November 2030 | 7,702.41 | 5,924.93 |
| December 2030 | 7,894.97 | 6,073.05 |
Financial Condition of Grindwell Norton: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 |
| Expenses (Rs. Crores) | 1,326 | 1,315 | 1,314 | 1,612 | 2,040 |
| Operating Profit (Rs. Crores) | 272 | 265 | 324 | 400 | 501 |
| Other Income (Rs. Crores) | 35 | 40 | 51 | 53 | 53 |
| Interest (Rs. Crores) | 2 | 4 | 3 | 4 | 8 |
| Depreciation (Rs. Crores) | 45 | 58 | 54 | 53 | 60 |
| Profit before tax (Rs. Crores) | 260 | 243 | 317 | 396 | 486 |
| Net Profit (Rs. Crores) | 169 | 184 | 238 | 295 | 362 |
| EPS (Rs.) | 15.10 | 16.48 | 21.60 | 26.70 | 32.69 |
Over the last five years, Grindwell Norton has shown consistent growth in its financial performance. Sales have steadily increased from Rs. 1,598 crores in 2019 to Rs. 2,541 crores in 2023, indicating robust market demand. Despite rising expenses, the company has managed to maintain healthy operating profits, which escalated from Rs. 272 crores in 2019 to Rs. 501 crores in 2023.
Additionally, the company has augmented its profitability, with net profits climbing from Rs. 169 crores to Rs. 362 crores during this period. This positive trajectory is reflected in the increasing earnings per share (EPS), growing from Rs. 15.10 in 2019 to Rs. 32.69 in 2023
Prabhudas Lilladher recommends purchasing Grindwell Norton with a target price of Rs 2604.
FAQs
Grindwell Norton’s share price is anticipated to increase to ₹2,381.18 by the end of 2024.
The share price target of Grindwell Norton for 2025 might be around ₹2,902.99.
The per-share price of Grindwell Norton might reach around ₹7,894.97 by the end of 2030.
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Conclusion
Over the previous five years, Grindwell Norton has demonstrated a solid growth trajectory in terms of sales and profitability, with consistent gains in income growth, PAT, sales growth, and profit growth. As evidence of its dedication to repaying shareholders, the corporation consistently pays out dividends at or over 44%. Also, despite occasional volatility, Grindwell Norton has maintained a high P/E ratio and its operating profit margin.
Although the share price has fluctuated, reaching a height of 2,495 and a minimum of 1,801 in the same time frame, buying Grindwell Norton shares may be wise given the company’s growth prospects. The information provided suggests that the business is positioned for further growth and may be an attractive option for investors looking for potential returns.
What did we learn?
- 1 How to Purchase Grindwell Norton shares?
- 2 Share Price Prediction of Grindwell Norton: 2024 to 2030
- 2.1 Grindwell Norton Share Price Target 2024
- 2.2 Grindwell Norton Share Price Target 2025
- 2.3 Grindwell Norton Share Price Target 2026
- 2.4 Grindwell Norton Share Price Target 2027
- 2.5 Grindwell Norton Share Price Target 2028
- 2.6 Grindwell Norton Share Price Target 2029
- 2.7 Grindwell Norton Share Price Target 2030
- 3 Financial Condition of Grindwell Norton: Last 5 years
- 4 Grindwell Norton share price target by Prabhudas Lilladher
- 5 FAQs
- 6 Conclusion
