Grindwell Norton Limited — PPTs, 29-05-2025: Investor Presentation

1. Financial Highlights:

Revenue from operations rose ~4.6% YoY to ₹2,812 Cr, led by a 13.4% jump in domestic sales and 6.8% growth in exports. Abrasives segment revenue increased ~3.3% to ₹1,403 Cr, while Ceramics & Plastics surged ~7.9% to ₹1,189 Cr. EBIT slipped 2.9% to ₹501 Cr due to higher depreciation, with segment EBIT down 4.3% (Abrasives) and 3.3% (C&P). Net profit declined 3.3% to ₹371 Cr. EBIT margin contracted to 17.8% from 19.2%, and return on business assets eased to 39.5%. Business asset turnover improved slightly to 2.52x. Dividend per share proposed at ₹17.

2. Strategic Initiatives & Growth Drivers:

Capex focuses on expanding Polymer Composite Resins and non-woven lines to boost capacity. Digital transformation efforts include MES for manufacturing visibility, improved customer portals, and data analytics enhancing supply chain and quality management. Innovation features new abrasive products with patented tech for longer life and superior performance, along with growth in automotive coatings and battery pack materials.

3. Business Developments:

Launched advanced abrasive wheels, sanding sheets, and metal bond PE wheels targeting automotive and solar sectors. Automotive electrical insulation solutions also introduced. Ongoing capacity expansions and modernization projects highlight a drive for operational scale and efficiency.

4. Market Position & Competitive Advantage:

Grindwell Norton leverages operational excellence, sustainability, and innovation as core strengths. Its environmental initiatives since 2017 have cut CO2, energy, and water use, supporting leadership in sustainable manufacturing. Strong talent and focus on best-in-class products reinforce its differentiated market stance.

5. Investor Implications:

Moderate revenue growth amid margin pressure calls for cautious optimism. Continued innovation, capacity scaling, and digital upgrades signal positive growth potential, though profitability trends and capex execution remain key factors to monitor. Steady dividend payout supports shareholder value.