Accumulate Grindwell Norton, target price Rs 2749: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Grindwell Norton with a target price of Rs 2749. The current market price of Grindwell Norton Ltd. is Rs 2573.

Grindwell Norton Ltd., incorporated in the year 1950, is a Mid Cap company (having a market cap of Rs 28522.03 Crore) operating in Industrial Consumables sector.

Grindwell Norton Ltd. key Products/Revenue Segments include Abrasives, Ceramics & Plastics, Service Income, Others, Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 708.37 Crore, up 5.14 % from last quarter Total Income of Rs 673.77 Crore and up 3.27 % from last year same quarter Total Income of Rs 685.96 Crore. Company reported net profit after tax of Rs 93.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 58.03 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.31 per cent, DIIs 15.9 per cent.