Grindwell Norton (NSE:GRINDWELL) EBIT: ₹5,635 Mil (TTM As of Mar. 2026)


NSE:GRINDWELL Grindwell Norton Ltd NSE:GRINDWELL
97 GF Score
Price ₹2,166.10
GF Value ₹2,408.71
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Grindwell Norton EBIT?

Grindwell Norton NSE:GRINDWELL +0.90% 97 EBIT is ₹5,635 Mil as of Mar. 2026. GuruFocus rates NSE:GRINDWELL with a GF Score™ of 97/100 and a GF Value™ of ₹2,408.71 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Grindwell Norton's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹1,595 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹5,635 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grindwell Norton's annualized ROC % for the quarter that ended in Mar. 2026 was 24.23%. Grindwell Norton's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grindwell Norton's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.46%.


Grindwell Norton  (NSE:GRINDWELL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Grindwell Norton's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=5531.944 * ( 1 - 24.37% )/( (0 + 17268.53)/ 1 )
=4183.8092472/17268.53
=24.23 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=34378.559 - 5250.816 - ( 11859.213 - max(0, 7526.067 - 21121.105+11859.213))
=17268.53

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Grindwell Norton's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6380.148/( ( (0 + max(0, 0)) + (8463.56 + max(1907.91, 0)) )/ 1 )
=6380.148/( ( 0 + 10371.47 )/ 1 )
=6380.148/10371.47
=61.52 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3967.736 + 4814.618 + 458.408) - (5250.816 + 0 + 2082.036)
=1907.91

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Grindwell Norton's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=5635.307/229300.524
=2.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Grindwell Norton EBIT Related Terms


Grindwell Norton EBIT Historical Data

* Premium members only.

The historical data trend for Grindwell Norton's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Grindwell Norton EBIT Chart

Grindwell Norton Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,000.06 4,936.97 5,160.93 5,013.11 5,635.31

Grindwell Norton Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,253.95 1,280.37 1,454.08 1,305.82 1,595.04

NSE:GRINDWELL vs TT, JCI, CARR: EBIT Comparison

For the Building Products & Equipment subindustry, Grindwell Norton's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Grindwell Norton EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Grindwell Norton's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grindwell Norton's EV-to-EBIT falls into.


NSE:GRINDWELL
97GF Score
Grindwell Norton Ltd NSE:GRINDWELL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Grindwell Norton EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5,635 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹5,635 Mil mean?
Grindwell Norton (NSE:GRINDWELL) has a EBIT of ₹5,635 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grindwell Norton.
Is Grindwell Norton's EBIT too high?
Grindwell Norton's current EBIT is ₹5,635 Mil. Overall, Grindwell Norton has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grindwell Norton's EBIT compare to TT and JCI?
Grindwell Norton's EBIT of ₹5,635 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grindwell Norton. Grindwell Norton's current EBIT is ₹5,635 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grindwell Norton stock overvalued right now?
Based on GuruFocus' analysis, Grindwell Norton (NSE:GRINDWELL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,408.71, compared to a current price of ₹2,166.10 — trading 10.1% below its estimated fair value. The current EBIT is ₹5,635 Mil. Grindwell Norton's overall GF Score™ is 97/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Grindwell Norton (NSE:GRINDWELL), the current EBIT is ₹5,635 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Grindwell Norton (NSE:GRINDWELL) Overvalued in 2026?

Based on GuruFocus' analysis, Grindwell Norton stock appears to be undervalued. The current stock price of ₹2,166.10 is trading 10.1% below its estimated GF Value™ of ₹2,408.71. GuruFocus considers Grindwell Norton to be Modestly Undervalued.

Key valuation signals for NSE:GRINDWELL:

  • EBIT: ₹5,635 Mil
  • GF Value™: ₹2,408.71 vs. price of ₹2,166.10 (10.1% below fair value)
  • GF Score™: 97/100 with 6 warning signs

No single metric tells the full story. See the NSE:GRINDWELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grindwell Norton Business Description

Other Exchanges 506076:India
Address Andheri-Kurla Road, Leela Business Park, 5th Level, Marol, Andheri (East), Mumbai, MH, IND, 400 059
Grindwell Norton Ltd is a company that produces abrasives and ceramics products. The company's businesses are divided into segments: Abrasives, Ceramics and Plastics, Digital Services and Others. The company manufactures various types of abrasives, which include bonded, coated, non-woven, construction, thin wheels, and super abrasives. Grindwell's Ceramics and Plastics division produces silicon carbide, high-temperature refractories, and fused cast ceramics. The silicon carbide products serve as raw materials that are used to create abrasives, and the company's refractories are structures used for processing both ferrous and non-ferrous metals. The company generates the vast majority of its revenue from Ceramics and Plastics division.
97GF Score

Get the complete analysis for NSE:GRINDWELL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,166.10
Price
₹2,408.71
GF Value