Grindwell Norton (NSE:GRINDWELL) Interest Expense: ₹-74 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:GRINDWELL Grindwell Norton Ltd NSE:GRINDWELL
94 GF Score
Price ₹2,101.80
GF Value ₹2,189.88
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Grindwell Norton Interest Expense?

Grindwell Norton NSE:GRINDWELL -0.80% 94 Interest Expense is ₹-74 Mil as of Jun. 2026. GuruFocus rates NSE:GRINDWELL with a GF Score™ of 94/100 and a GF Value™ of ₹2,189.88 (Fairly Valued). The stock has 5 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grindwell Norton's interest expense for the three months ended in Jun. 2026 was ₹ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2026 was ₹-74 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Grindwell Norton's Operating Income for the three months ended in Jun. 2026 was ₹ 1,305 Mil. Grindwell Norton's Interest Expense for the three months ended in Jun. 2026 was ₹ -14 Mil. Grindwell Norton's Interest Coverage for the quarter that ended in Jun. 2026 was 94.72. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Grindwell Norton  (NSE:GRINDWELL) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Grindwell Norton's Interest Expense for the three months ended in Jun. 2026 was ₹-14 Mil. Its Operating Income for the three months ended in Jun. 2026 was ₹1,305 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2026 was ₹0 Mil.

Grindwell Norton's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*1304.843/-13.776
=94.72

* 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.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Grindwell Norton Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Grindwell Norton Interest Expense Historical Data

* Premium members only.

The historical data trend for Grindwell Norton's Interest Expense 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 Interest Expense Chart

Grindwell Norton Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -41.20 -78.01 -77.59 -93.47 -81.67

Grindwell Norton Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Interest Expense 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 -21.65 -21.56 -21.38 -17.09 -13.78
NSE:GRINDWELL
94GF Score
Grindwell Norton Ltd NSE:GRINDWELL
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grindwell Norton Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-74 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 Interest Expense →
What does a Interest Expense of ₹-74 Mil mean?
Grindwell Norton (NSE:GRINDWELL) has a Interest Expense of ₹-74 Mil as of Jun. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Grindwell Norton and its competitors.
Is Grindwell Norton's Interest Expense too high?
Grindwell Norton's current Interest Expense is ₹-74 Mil. Overall, Grindwell Norton has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grindwell Norton's Interest Expense compare to TT and JCI?
Grindwell Norton's Interest Expense of ₹-74 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 Interest Expense for a Construction company?
A good Interest Expense depends on the Construction industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Grindwell Norton and its competitors. Grindwell Norton's current Interest Expense is ₹-74 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 Fairly Valued. The stock's GF Value™ is ₹2,189.88, compared to a current price of ₹2,101.80 — trading 4% below its estimated fair value. The current Interest Expense is ₹-74 Mil. Grindwell Norton's overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Grindwell Norton (NSE:GRINDWELL), the current Interest Expense is ₹-74 Mil as of Jun. 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 ₹2,101.80 is trading 4% below its estimated GF Value™ of ₹2,189.88. GuruFocus considers Grindwell Norton to be Fairly Valued.

Key valuation signals for NSE:GRINDWELL:

  • Interest Expense: ₹-74 Mil
  • GF Value™: ₹2,189.88 vs. price of ₹2,101.80 (4% below fair value)
  • GF Score™: 94/100 with 5 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.
94GF Score

Get the complete analysis for NSE:GRINDWELL

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

₹2,101.80
Price
₹2,189.88
GF Value