Grindwell Norton Q4 Review - Strong Performance, Outlook Positive: Anand Rathi
A worker grinds the stock, another way of forming steel rather than forging, at the workshop in U.S. (Photographer Meg Roussos/Bloomberg)

Grindwell Norton Q4 Review - Strong Performance, Outlook Positive: Anand Rathi

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Led by pick-up in industrial activity domestically and in exports, Grindwell Norton Ltd. posted 42% YoY revenue growth in Q4 FY21.

Both segments grew: abrasives (up 38% YoY) and ceramics and plastics (up 57% YoY).

The Ebitda margin continued to see sequential improvement to 22.5%, led by higher utilisation, tight cost controls, a favourable product mix and periodic price hikes.

We believe the company’s focus on exports by penetrating new regions and innovative products to cater to new industries with an increasing number of applications are likely to drive growth.

Click on the attachment to read the full report:

Anand Rathi Grindwell Norton Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.