Carborundum Universal Limited vs Grindwell Norton Limited
An objective side-by-side of CARBORUNIV and GRINDWELL, both in Abrasives And Grinding Wheels: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: CARBORUNIV Jun 2026 · GRINDWELL Jun 2026
At a glance
- Carborundum Universal Limited is the larger company by market value, about 1.0 times the size of Grindwell Norton Limited.
- On trailing earnings, Grindwell Norton Limited trades at the lower P/E (49.8 against 118.7).
- Grindwell Norton Limited earns the higher return on equity (17.3% against 4.9%).
- Over three years Grindwell Norton Limited has grown profits faster (6% a year against -14%).
- Over the past year the share prices returned +20.4% (CARBORUNIV) and +19.3% (GRINDWELL).
| Metric | Carborundum Universal CARBORUNIV |
Grindwell Norton GRINDWELL |
|---|---|---|
| Size and price | ||
| Market cap | ₹22,459 Cr | ₹21,776 Cr |
| Share price | ₹1,179 | ₹1,967 |
| Valuation | ||
| P/E | 118.70 | 49.77 |
| P/B | 5.76 | 8.59 |
| EV/EBITDA | 38.63 | 36.34 |
| PEG | — | 8.30 |
| Dividend yield | 0.3% | 0.9% |
| Profitability | ||
| ROE | 4.9% | 17.3% |
| ROCE | 10.0% | 23.0% |
| Operating margin | 13.7% | 19.0% |
| Sales (TTM) | ₹4,325 Cr | ₹3,163 Cr |
| Net profit (TTM) | ₹189 Cr | ₹438 Cr |
| Growth | ||
| Latest quarter sales YoY | +17.0% | +12.9% |
| Latest quarter profit YoY | +33.0% | +22.9% |
| Sales CAGR 3Y | +4.0% | +7.0% |
| Profit CAGR 3Y | -14.0% | +6.0% |
| Sales CAGR 5Y | +15.0% | +13.0% |
| Profit CAGR 5Y | -3.0% | +13.0% |
| Financial strength | ||
| Debt/Equity | 0.11 | 0.02 |
| Interest cover | 17.92 | 55.42 |
| Ownership | ||
| Promoter holding | 38.9% | 58.0% |
| Promoter change (4 qtrs) | -0.34 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +3.63% | -4.49% |
| Return 3M | -2.68% | -6.80% |
| Return 1Y | +20.38% | +19.26% |
| Return YTD | +37.74% | +25.75% |
| Technical condition | ||
| Technical score | 72 | 46 |
| RS rating (1-99) | 77.00 | 70.00 |
| % vs 200-DMA | +22.75% | +10.96% |
| RSI (14) | 62.11 | 50.08 |
| % from 52-week high | -9.79% | -19.89% |
