Grindwell norton ltd, Stock for investors

Company Profile: 

Grindwell Norton Limited is a holding organization, which makes abrasives. The Company's fragments incorporate Abrasives, and Ceramics and Plastics. Its Abrasives section offers reinforced abrasives as haggles shapes, like fragment and sticks, which are utilized for different applications going from cleaning or lapping to eliminating high amounts of materials. Reinforced Abrasives are utilized in exactness applications, like lapping, sharpening, super-completing, race pounding, string crushing, fluting, outside distance across (OD) granulating, inner and inside width (ID) granulating and surface granulating. They are additionally utilized in unpleasant applications, for example, catching and weld arrangement. Its Ceramics and Plastics fragment incorporates Silicon Carbide, which are utilized as crude material in the assembling of Abrasives; High Performance Refractories, which are utilized for preparing ferrous and non-ferrous metals, and Performance Plastics, which delivers and markets standard and hand crafted polymer items.

GNO's Abrasives Business is the Indian arm of Saint-Gobain Abrasives. In 1941, GNO spearheaded the assembling of Grinding Wheels in India. Today, the Abrasives Business is a market chief with a dish India presence. In 2018-19, the business, enlisted deals of Rs. 975 crores and utilizes 1100+ individuals.

Items:

GNO offers creative rough arrangements, described with extraordinary usefulness and flexibility that assist with supporting the Group's situation as the world's driving producer of abrasives. Our item range discovers application across all industry sections from slicing to crushing to cleaning.

Arrangements:

The Business highly esteems serving all areas of the market from Industrial Sectors including Aerospace, Steel, Bearing, Foundry, Wood Working, General Engineering and so on, Automotive, Retail for example Painting and Decorative business sectors and Automotive Aftermarket.

Metal Fabrication: Cutting sheet metal Heavy granulating and de-burring,Welds crushing and mixing, Grinding and sanding all sort of metals, Light to medium de-burring, Light to substantial cleaning, Finishing of Stainless Steel, Cleaning and completing, De-rusting of Steels, Inox

Building and Construction: Tile Cutting, Stone Grinding,Wood Cutting, Wood Sanding, Finishing and Polishing, Wall Putty Sanding, Industrial Sawing and Grinding

Car and Automobile Component Manufacturing:  Face Grinding, Cylindrical Grinding, Centerless Grinding, De-burring, Weld Removal and Blending, Paint Shop Applications – ED Coat, Primer sanding and clear coat fix

Molding the Future of Homes and Commercial Spaces

 Through its ADFORS Business, GNO offers a scope of selective divider covers that make dividers look tastefully amazing and exquisite. Notwithstanding the flawless and exquisite look given by the texture, the divider covers forestall spread of hairline surface breaks, shields dividers from impacts (like imprint stamps) and are heat proof. The reach incorporates divider covers that give hostile to bacterial and against contagious properties that can be utilized in the defenseless regions. Acoustic scope of divider covers are likewise accessible that assist with decreasing the reverberation sound levels by with NRC upsides of 0.3 to 0.5. These divider covers are utilized in home venue rooms or spaces of working environments needing acoustic protection like office cafeteria, meeting rooms and so on

 The scope of ADFORS items additionally incorporate creepy crawly screens that are appropriate for various bug and mosquito insurance needs. The item offers an optimal evaluating answer for regular use applications like windows, entryways, pool, decks, yards, gazebos, sun room nooks and screen rooms.

 Under the brand CertainTeed, GNO supplies premium black-top and composite shingles as material arrangements and Vinyl Slidings for outside divider cladding. Shingles give multi-solace answers for homes by conferring 100% waterproofing, top notch style and protection from shading blurring, blow-offs, fire and algal development.

 The Performance Plastics Business offers Extrusions, Foams, Films and Fabrics created through its mastery in superior polymers. The expulsions incorporate diverse silicon profiles that are utilized as a forte seal in façades. Demonstrated in a wide range of business, institutional, mechanical, and private structures, the froth applications shift from froth tapes for cladding board, window coating, divider parcels and HVAC seals to strong acrylic connection tapes for cladding stiffener and window design connection. The froths are likewise accessible are viscoelastic mixtures for soundproofing applications utilized in new development and rebuilding. The Business additionally offers a total scope of fluoropolymer films that give the most significant level of UV and substance insurance in the commercial center. Strength Coated Fabrics are found in rooftops, air terminals and arenas all throughout the planet.

 The cleaning of floors, for example Marble and Granite, is finished by utilizing Silicon Carbide blocks. These squares are created by utilizing Silicon Carbide grains which are fabricated by GNO's Silicon Carbide (SiC) Business. SiC Sharpening stones and Coated items are utilized in the honing of Wood Carving devices.

Personal view on Company stock:

 Grindwell Norton ltd is one of the best company. The Abrasive business of this company is doing really very well. The brand name like Saint Gobain, Orient abrasive, These all brands are the leader in Design & construction markets. The business of ceramic material business will be more in focus once covid situation will be under control. The construction sites will be reopened once . The "Ghradi chaap" brand of the company is a one of the famous brand in the market. 

The presence of the company in India and the good brand name presence forced me to published this stock into my blog. The financials of the company is also better in stage.

We should buy good companies into the bad time of the market when company share price trade at lower levels and company have strong brand as well as strong management.

This is MNC( Multinational company). IT is debt free company and having huge potential of growth. I will not be surprised if this company will trade around 600rs in short term and 750rs++  in Medium term point of view. 

Some financials details as below:  

Face value: 5rs

Book Value :  106.27

Debt:  Zero 

EPS: 16rs 

Sector:  ABBRASIVES 

NSE Symbol:  Grindwell

BSE code:  506076

I am buyer in this share. I will buy this stock at current price as well as on dip. I am expecting big up move in coming days.

Disclaimer : 

 This is investment grade stock. Please do your own research before making any investment decision. My view may differ from others.