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Grindwell Norton Ltd.
Main Activities: Nonmetallic Mineral Product Manufacturing
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Company Information |
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Full name Grindwell Norton Ltd. Legal Address 5th Level, Leela Business Park, Andheri-kurla Road, Marol, Andheri East; Mumbai; Maharashtra; 400059 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : INE536A01023 Financial Auditors: Kalyaniwalla & Mistry (2012) Incorporation Date: July 31, 1950 Total Employees: 1,619 Tel: 022- 40212121 |
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Company Description |
| Grindwell Norton Ltd. (GNO) came into being when a technical collaboration in 1967 between Grindwell and the then world leader in abrasives â Norton Company, USA, grew into a financial collaboration in 1971. In 1990, Saint-Gobain acquired Norton Company, USA, worldwide, and six years later, GNO became the first majority-owned subsidiary of Saint-Gobain in India. Today, GNO is Indiaâs leading manufacturer of Abrasives (Bonded, Coated, Non-Woven, Superabrasives and Thin Wheels) and Silicon | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 13.73%, from INR 807.56 tens of millions to INR 918.45 tens of millions. The results of the period increased 24.29% reaching INR 102.84 tens of millions at the end of the period against INR 82.74 tens of millions last year. Return on equity (Net income/Total equity) went from 19.53% to 21.22%, the Return On Asset (Net income / Total Asset) went from 13.21% to 13.96% and the Net Profit Margin (Net Income/Net Sales) went from 10.25% to 11.20% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 60.10% compared to 55.28% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2013 Q3C (non-cons) |
2013 H1 (non-cons) |
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| Non-Audited | Non-Audited | |
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| Dion Global Solutions - AsianCERC | Dion Global Solutions - AsianCERC | |
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| Unit | Tens of Millions) | Tens of Millions |
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Balance Sheet
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Shareholders Equity |
27 |
27 |
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| * All the accounts are in INR. | ||
Income Statement
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Total Operating Revenue |
710 |
468 |
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Operational Profit (Loss) |
94 |
63 |
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Net Profit (Loss) |
72 |
48 |
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| * All the accounts are in INR. | ||
Ratios
| Profitability Ratios | ||
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Return on Equity (ROE) |
261.2% |
174.28% |
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Annualised Return on Equity (ROE) |
348.27% |
348.56% |
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Return on Sales (ROS) |
103.38% |
103.22% |
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