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Grindwell NortonNSE:GRINDWELL +0.38%95 Return-on-Tangible-Equity is 18.92% as of Jun. 2026, which is 5% above its 10-year median of 17.98. GuruFocus rates NSE:GRINDWELL with a GF Score™ of 95/100 and a GF Value™ of ₹2,222.29 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,710 Construction companies, Grindwell Norton ranks better than 75.09% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Grindwell Norton's annualized net income for the quarter that ended in Jun. 2026 was ₹4,621 Mil. Grindwell Norton's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹24,427 Mil. Therefore, Grindwell Norton's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 18.92%.
The historical rank and industry rank for Grindwell Norton's Return-on-Tangible-Equity or its related term are showing as below:
NSE:GRINDWELL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.46 Med: 17.98 Max: 22.15
Current: 19.27
During the past 13 years, Grindwell Norton's highest Return-on-Tangible-Equity was 22.15%. The lowest was 14.46%. And the median was 17.98%.
NSE:GRINDWELL's Return-on-Tangible-Equity is ranked better than 75.09% of 1710
companies
in the Construction industry
Industry Median: 8.21
vs NSE:GRINDWELL: 19.27
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Grindwell Norton Return-on-Tangible-Equity Related Terms
Grindwell Norton Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Grindwell Norton's Return-on-Tangible-Equity 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.
NSE:GRINDWELL vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Grindwell Norton's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Grindwell Norton's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Grindwell Norton's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.92% mean?
Grindwell Norton (NSE:GRINDWELL) has a Return-on-Tangible-Equity of 18.92% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Grindwell Norton and its competitors. This is near median its historical median of 17.98. Over the past decade, Grindwell Norton's Return-on-Tangible-Equity has ranged from 14.46 to 22.15. According to the industry distribution chart, Grindwell Norton ranks #426 out of 1710 companies in the Construction industry, placing it in the top 24.9%.
Is Grindwell Norton's Return-on-Tangible-Equity too high?
Grindwell Norton's current Return-on-Tangible-Equity of 18.92% is near median its 10-year median of 17.98. Over the past 10 years, this metric has ranged from a low of 14.46 to a high of 22.15. The Construction industry median Return-on-Tangible-Equity is 8.21. Grindwell Norton's value of 18.92% is 130.5% above this industry median. Based on the distribution chart, Grindwell Norton ranks #426 out of 1710 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Grindwell Norton has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grindwell Norton's Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Grindwell Norton ranks #426 out of 1710 companies for Return-on-Tangible-Equity. This places Grindwell Norton in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.21. Grindwell Norton's value of 18.92% is 130.5% above this benchmark. Historically, Grindwell Norton's own Return-on-Tangible-Equity has ranged from 14.46 to 22.15 over the past decade. While the company's 10-year median is 17.98 vs. the industry median of 8.21, Grindwell Norton has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,710 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Grindwell Norton's current Return-on-Tangible-Equity of 18.92% is 130.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Grindwell Norton and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grindwell Norton's current Return-on-Tangible-Equity is 18.92%, which is near median its own 10-year median of 17.98. 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 ₹2,222.29, compared to a current price of ₹2,011.60 — trading 9.5% below its estimated fair value. The current Return-on-Tangible-Equity is 18.92%, which is near median its 10-year median of 17.98 and 130.5% above the Construction industry median of 8.21. Grindwell Norton's overall GF Score™ is 95/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Grindwell Norton (NSE:GRINDWELL), the current Return-on-Tangible-Equity is 18.92% 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 ₹2,011.60 is trading 9.5% below its estimated GF Value™ of ₹2,222.29.
GuruFocus considers Grindwell Norton to be Fairly Valued.
Key valuation signals for NSE:GRINDWELL:
Return-on-Tangible-Equity: 18.92% (near median its 10-year median of 17.98)
GF Value™: ₹2,222.29 vs. price of ₹2,011.60 (9.5% below fair value)
Industry Position: 130.5% above the Construction median (#426 of 1710)
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 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.
95GF Score
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