Grindwell Norton Limited vs Carborundum Universal Limited
An objective side-by-side of GRINDWELL and CARBORUNIV, 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 2026-10-23 close
Latest results: GRINDWELL Jun 2026 · CARBORUNIV Jun 2026
At a glance
- Grindwell Norton Limited is the larger company by market value, about 1.0 times the size of Carborundum Universal Limited.
- On trailing earnings, Grindwell Norton Limited trades at the lower P/E (46.8 against 104.6).
- Grindwell Norton Limited earns the higher return on equity (17.2% against 4.8%).
- Over three years Grindwell Norton Limited has grown profits faster (6% a year against -14%).
- Over the past year the share prices returned +10.6% (GRINDWELL) and +12.2% (CARBORUNIV).
| Metric | Grindwell Norton GRINDWELL |
Carborundum Universal CARBORUNIV |
|---|---|---|
| Size and price | ||
| Market cap | ₹20,449 Cr | ₹19,600 Cr |
| Share price | ₹1,846.90 | ₹1,028.80 |
| Valuation | ||
| P/E | 46.79 | 104.62 |
| P/B | 8.07 | 5.03 |
| EV/EBITDA | 34.13 | 33.80 |
| PEG | 7.80 | — |
| Dividend yield | 1.0% | 0.4% |
| Profitability | ||
| ROE | 17.2% | 4.8% |
| ROCE | 23.0% | 10.0% |
| Operating margin | 18.9% | 10.9% |
| Sales (TTM) | ₹3,173 Cr | ₹5,414 Cr |
| Net profit (TTM) | ₹437 Cr | ₹187 Cr |
| Growth | ||
| Latest quarter sales YoY | +14.2% | +17.0% |
| Latest quarter profit YoY | +22.3% | +33.0% |
| Sales CAGR 3Y | +7.0% | +4.0% |
| Profit CAGR 3Y | +6.0% | -14.0% |
| Sales CAGR 5Y | +13.0% | +15.0% |
| Profit CAGR 5Y | +13.0% | -3.0% |
| Financial strength | ||
| Debt/Equity | 0.02 | 0.11 |
| Interest cover | 55.42 | 17.92 |
| Ownership | ||
| Promoter holding | 58.0% | 38.8% |
| Promoter change (4 qtrs) | -0.01 pp | -0.39 pp |
| Price performance | ||
| Return 1M | -4.89% | -15.07% |
| Return 3M | -7.84% | -2.58% |
| Return 1Y | +10.61% | +12.25% |
| Return YTD | +18.08% | +20.20% |
| Technical condition | ||
| Technical score | 23 | 30 |
| RS rating (1-99) | 74.00 | 78.00 |
| % vs 200-DMA | +1.83% | +3.22% |
| RSI (14) | 37.62 | 30.82 |
| % from 52-week high | -24.77% | -24.84% |
