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Add Grindwell Norton Ltd For Target Rs. 2,215 - ICICI Securities Strong play on industrial growth Grindwell Norton (GWN) delivered a healthy performance in Q3FY23 benefiting from revival in industrial demand and its recent acquisition, PRS Permacel. Consolidated revenues grew 20.3% YoY to Rs6bn in Q3FY23 – led by 39% YoY growth in ceramics & plastics (lower base), and 9% in abrasives. Gross margin was stable YoY, but improved by 150bps QoQ to 55%. EBITDA margin expanded 180bps YoY on higher operating leverage. EBITDA grew 32% YoY to Rs1.2bn; h...
Add Grindwell Norton Ltd For Target Rs. 2,215 - ICICI Securities
Add Grindwell Norton Ltd For Target Rs. 2,215 - ICICI Securities
Source: ICICI Securities Ltd
16/02/2023 11:03:27 AM
Buy Grindwell Norton Ltd For Target Rs.2110 - ICICI Direct Strong performance by Ceramics & plastic segment About the stock: Grindwell Norton (GNL) is the market leader in the India abrasive market with ~26% market share. The segments include abrasives (contributing ~57%), ceramics & plastics (33%) and IT services & others (10%). * GNL has witnessed strong & positive free cash flows consistently over more than a decade irrespective of the macro environment * It has consistently operated with high (>16%) margins & retur...
Buy Grindwell Norton Ltd For Target Rs.2110 - ICICI Direct
Buy Grindwell Norton Ltd For Target Rs.2110 - ICICI Direct
Source: ICICI Direct Ltd
8/10/2022 10:25:57 AM
LKP Spade : A Weekly Pick - Buy Grindwell Norton Ltd For Target Rs.1915 By LKP Securities Grindwell Norton Ltd * The stock on the daily chart has formed an inverse head and shoulder pattern which is a bullish reversal pattern. * The momentum oscillators are in the buy zone which confirms the internal strength and the stock is trading above its short term moving averages. * The RSI on the daily chart is breaking above the level of 60 which will help to accelerate the momentum on the upside. Buy Grindwell Norton Ltd @ Rs. 1746 Stop Loss Below Rs. ...
LKP Spade : A Weekly Pick - Buy Grindwell Norton Ltd For Target Rs.1915 By LKP Securities
LKP Spade : A Weekly Pick - Buy Grindwell Norton Ltd For Target Rs.1915 By LKP Securities
Source: LKP Securities Ltd
25/07/2022 11:28:06 AM
Add Grindwell Norton Ltd For Target Rs.2,084 - ICICI Securities Healthy growth, but margins shrink Grindwell Norton (GWN) reported 9.3% YoY growth in its Q3FY22 revenues led by 12.7% YoY growth in ceramics & plastics, and 6.8% YoY in abrasives, respectively. However, EBITDA for the quarter fell 9.5% YoY to Rs893mn impacted by higher input costs. Raw material / other expenses / employee costs to sales expanded 200bps / 100bps / 70bps YoY respectively, resulting in 370bps YoY contraction in EBITDA margin to 18%. APAT grew 5% YoY on higher other incom...
Add Grindwell Norton Ltd For Target Rs.2,084 - ICICI Securities
Add Grindwell Norton Ltd For Target Rs.2,084 - ICICI Securities
Source: ICICI Securities Ltd
7/04/2022 12:35:07 PM
MTF Stock Pick Buy Grindwell Norton Ltd For Target Rs. 1600 - HDFC Securities MTF Stock Pick Buy Grindwell Norton Ltd For Target Rs. 1600 - HDFC Securities  TECHNICAL OBSERVATIONS * Stock price has broken out on the daily chart with higher volumes. * Stock price is forming bullish higher top higher bottom formation on the weekly chart. * Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA * Oscillators like RSI and MFI is placed above 60 and rising upwards, Indicating strength in ...
MTF Stock Pick Buy Grindwell Norton Ltd For Target Rs. 1600 - HDFC Securities
MTF Stock Pick Buy Grindwell Norton Ltd For Target Rs. 1600 - HDFC Securities
Source: HDFC Securities Ltd
3/09/2021 11:15:44 AM
Buy Grindwell Norton Ltd For Target Rs.1,527 - ICICI Securities Strong growth despite headwinds Grindwell Norton (GWN) has reported strong 90% YoY growth in Q1FY22 over a low base, which is better than expectations. Margins have improved in ceramics vs expectations, while abrasive margins are stable leading to 131% YoY growth in adjusted PAT. Improvement in overall utilisation of the domestic industry along with demand from healthcare and chemicals is likely to support growth. We believe revival in domestic industrial segment coupled with increased ...
Buy Grindwell Norton Ltd For Target Rs.1,527 - ICICI Securities
Buy Grindwell Norton Ltd For Target Rs.1,527 - ICICI Securities
Source: ICICI Securities
3/09/2021 10:55:36 AM
Buy Grindwell Norton Ltd For Target Rs.1510 - ICICI Direct Strong performance across key segments… About the stock: Grindwell Norton (GNL) is the market leader in the India abrasive market with ~26% market share. The segments include abrasives (contributing ~57%), ceramics & plastics (33%) and IT services & others (10%). * GNL has witnessed strong & positive free cash flows consistently over more than a decade irrespective of the macro environment * It has consistently operated with high (>16%) margins & return rati...
Buy Grindwell Norton Ltd For Target Rs.1510 - ICICI Direct
Buy Grindwell Norton Ltd For Target Rs.1510 - ICICI Direct
Source: ICICI Direct
24/08/2021 12:38:33 PM
Buy Grindwell Norton Ltd For Target Rs. 1,287 - ICICI Securities Moving towards a new orbit Grindwell Norton (GWN) during the annual analyst interaction shared its future growth strategies and growth drivers. Despite a challenging FY21, the company was able to gain 100bps market share in domestic abrasives with strong margins. It witnessed strong growth in the performance plastics segment driven by life sciences, pharma, chemicals and F&B. Exports grew by a strong 14% YoY and the management foresees good potential in the same supported by the parent...
Buy Grindwell Norton Ltd For Target Rs. 1,287 - ICICI Securities
Buy Grindwell Norton Ltd For Target Rs. 1,287 - ICICI Securities
Source: ICICI Securities Ltd
26/05/2021 11:29:48 AM
Buy Grindwell Norton Ltd For Target Rs. 1310 - ICICI Direct Strong performance led by ceramics & plastics… Grindwell Norton (GNL) reported strong Q4FY21 numbers across operational parameters owing to better demand, favourable product mix and revival in key sectors like automotive, industrial, construction, engineering amid economic recovery. Revenues came in at | 508.8 crore, up a strong 39.1% YoY (amid low base) while it grew 11.2% on a QoQ basis, primarily aided by strong performance in the ceramics & plastic segment. Revenue co...
Buy Grindwell Norton Ltd For Target Rs. 1310 - ICICI Direct
Buy Grindwell Norton Ltd For Target Rs. 1310 - ICICI Direct
Source: ICICI Direct
25/05/2021 10:21:17 AM
Buy Grindwell Norton Ltd For Target Rs.1,054 - HDFC Securities Our Take: Grindwell Norton Ltd. (GNL) is a part of the High Performance Materials division, which is a part of the Innovative Materials Sector of the Saint-Gobain Group. GNL holds ~25% of the abrasives marketshare in India and derives 58% of its total revenue from the abrasives segment. GNL provides its expertise in the areas of innovation and co-development through a wide range of high-performance materials for demanding applications in diverse segments such as the automotive, health, de...
Buy Grindwell Norton Ltd For Target Rs.1,054 - HDFC Securities
Buy Grindwell Norton Ltd For Target Rs.1,054 - HDFC Securities
Source: HDFC Securities Ltd
9/04/2021 10:24:34 AM