Grindwell Norton Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Grindwell Norton share price Rs 1,976.10 (9 October 2026). Base target Rs 2,088, bull Rs 2,539, downside risk Rs 1,605. PE 50.74. 52W range Rs 1,329.00 to Rs 2,455.00.
Quick Answer
The Grindwell Norton share price target for 2027 is Rs 2,088, about 5.7% above the current price of Rs 1,976.10. The bull case is Rs 2,539, and the downside risk level, which is not a target, is Rs 1,605. The base case assumes earnings per share grow 4.1% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 50.74. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Grindwell Norton target price for 2027 should start with where the stock sits today. At Rs 1,976.10 on 9 October 2026, it is 19.5% below its 52-week high of Rs 2,455.00 and 48.7% above its 52-week low of Rs 1,329.00. That range spans 85% from low to high, so the entry point matters as much as the Grindwell Norton price forecast itself.
This article builds the Grindwell Norton share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 2,088 base case and the Rs 2,539 bull case were reached, along with a downside risk level of Rs 1,605.
Click Here – Get Free Investment Predictions
Grindwell Norton Stock Analysis: Company Overview and Key Stats
Grindwell Norton (NSE: GRINDWELL) has a market capitalisation of Rs 22,208 crore. In FY26 it reported revenue of Rs 3,168 crore and net profit of Rs 416.79 crore. The table collects the figures the Grindwell Norton share price target is built on.
| Metric | Value |
|---|---|
| Company | Grindwell Norton |
| NSE Ticker | GRINDWELL |
| CMP (9 October 2026) | Rs 1,976.10 |
| 52-Week High | Rs 2,455.00 |
| 52-Week Low | Rs 1,329.00 |
| Market Cap | Rs 22,208 crore |
| PE Ratio (TTM) | 50.74 |
| Industry PE | 47.18 |
| Price to Book | 8.77 |
| Return on Equity | 16.40% |
| Debt to Equity | 0.02 |
| EPS (TTM) | Rs 39.53 |
| Dividend Yield | 0.95% |
| 12-Month Base Target | Rs 2,088 |
| Bull Case | Rs 2,539 |
| Downside Risk Level (not a target) | Rs 1,605 |
Why Is Grindwell Norton Share Price Target Set at Rs 2,088 for 2027?
The base-case Grindwell Norton stock target of Rs 2,088 applies a PE multiple of 50.74 to a forward EPS estimate of Rs 41.15. That EPS assumes 4.1% yearly growth, the pace from FY24 to FY26, and puts the target 5.7% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Grindwell Norton Target Price: Five Years of Results
Grindwell Norton grew revenue from Rs 2,066 crore in FY22 to Rs 3,168 crore in FY26, a compound annual growth rate of 11.3%. Net profit grew more slowly, from Rs 295.08 crore to Rs 416.79 crore (9.0% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 2,065.85 | 295.08 | 26.70 | 12.00 |
| FY23 | 2,597.41 | 361.52 | 32.69 | 14.50 |
| FY24 | 2,755.08 | 383.96 | 34.65 | 17.00 |
| FY25 | 2,891.47 | 371.27 | 33.30 | 17.00 |
| FY26 | 3,168.11 | 416.79 | 37.54 | 19.00 |
FY26 revenue growth was 9.6%, close to the four-year average of 11.3%, and net profit moved up 12.3%. EPS rose from Rs 34.65 in FY24 to Rs 37.54 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Grindwell Norton converted 13.2% of FY26 revenue into net profit, against 12.8% in FY25, within a five-year range of 12.8% to 14.3%. EBITDA margin was 21.1% in FY26 versus 20.5% in FY25.
In the June 2026 quarter, revenue was Rs 827.88 crore, up 13.8% from the same quarter a year earlier, while net profit of Rs 115.32 crore was up 22.1%. EBITDA came in at Rs 181.59 crore, up 18.1% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.02, and shareholders’ equity grew from Rs 1,580 crore in FY22 to Rs 2,550 crore in FY26. Operating cash flow in FY26 was Rs 542.14 crore against capital expenditure of Rs 118.91 crore, leaving free cash flow of Rs 423.23 crore, or 1.9% of the current market capitalisation. In FY25 free cash flow was Rs 364.43 crore.
Valuation Check for the Grindwell Norton Stock Target: PE, Price to Book and ROE
At a PE of 50.74 against an industry PE of 47.18, Grindwell Norton trades in line with its industry. Price to book is 8.77 on a book value of Rs 228.63 per share, and return on equity is 16.40%. A PE of 50.74 equals an earnings yield of 2.0%, and the FY26 dividend of Rs 19.00 per share gives a yield of 0.95%.
Shareholding Pattern and Institutional Holding
Promoters held 58.03% of Grindwell Norton in September 2026, and promoter holding has stayed near 58.03% since September 2025. Foreign institutional investors (FII) held 5.34% and domestic institutions (DII) held 19.67%, which puts total institutional holding at 25.01%. FII holding fell from 6.39% in September 2025 to 5.34% in September 2026. Public shareholders own the remaining 16.96%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Grindwell Norton Share Price Targets for the Short Term and 12 Months
Short Term Grindwell Norton Stock Target Levels: Technical Setup
At Rs 1,976.10 on 9 October 2026, Grindwell Norton trades below its 50-day simple moving average of Rs 2,011.39 and above its 200-day exponential moving average of Rs 1,865.06. The 14-day RSI reads 59.8, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 2,011.39 (50-day simple moving average) and the nearest support is Rs 1,865.06 (200-day exponential moving average). A sustained move above Rs 2,011.39 would improve the short-term setup, while a close below Rs 1,865.06 would shift attention to the next support.
12 Month Grindwell Norton Target Price for 2027
The 12-month target for Grindwell Norton is Rs 2,088: forward EPS of Rs 41.15 at a PE of 50.74. That is 5.7% above Rs 1,976.10. It would still leave the stock 14.9% below its 52-week high of Rs 2,455.00.
How EPS Growth and PE Multiple Change the Grindwell Norton Target Price
| EPS Growth | PE 40.59 | PE 50.74 | PE 58.35 |
|---|---|---|---|
| 0.0% (EPS Rs 39.53) | Rs 1,605 | Rs 2,006 | Rs 2,307 |
| 4.1% (EPS Rs 41.15) | Rs 1,670 | Rs 2,088 | Rs 2,401 |
| 10.1% (EPS Rs 43.52) | Rs 1,766 | Rs 2,208 | Rs 2,539 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Grindwell Norton price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Grindwell Norton Stock Target in 2027
Bull Case Rs 2,539
The bull case Grindwell Norton price target needs EPS growth of 10.1%, which lifts forward EPS to Rs 43.52, and a PE multiple that rises 15% to 58.35. That gives Rs 2,539, 28.5% above the current price and above the 52-week high of Rs 2,455.00, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 1,605
The downside risk level is not a target. It assumes EPS stays flat at Rs 39.53 and the PE falls 20% to 40.59. That gives Rs 1,605, 18.8% below the current price and above the 52-week low of Rs 1,329.00.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 10.1% | 58.35 | Rs 2,539 | +28.5% |
| Base Case | 4.1% | 50.74 | Rs 2,088 | +5.7% |
| Downside Risk | 0.0% | 40.59 | Rs 1,605 | -18.8% |
Key Risks to the Grindwell Norton Target Price for 2027
Growth Slowdown Risk for the Grindwell Norton Price Target
Revenue in the June 2026 quarter was up 13.8% year on year, and FY26 revenue growth was 9.6%. If growth slows from here, the EPS estimate behind the Grindwell Norton stock target will need revising.
Liquidity and Size Risk
Grindwell Norton has a market capitalisation of Rs 22,208 crore. Institutional holding is 25.01%, and promoters hold 58.03%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 13.2% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 50.74 versus an industry PE of 47.18, a de-rating toward the downside-risk PE of 40.59 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 19.5% below its 52-week high, with an RSI of 59.8 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Grindwell Norton
Start with the live price and volume. Any Grindwell Norton share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,976.10 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Grindwell Norton’s PE, ROE, debt and shareholding in one place.
Check Grindwell Norton fundamentals on the Univest Screener
Then compare the three Grindwell Norton target price scenarios with your own view. If you expect EPS growth below 4.1%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Grindwell Norton live price and get daily stock recommendations.
Conclusion
The Grindwell Norton share price target for 2027 is Rs 2,088 in the base case, with Rs 2,539 as the bull case. The support for that view is arithmetic you can check: EPS grew 4.1% a year over FY24 to FY26, and the stock trades at a PE of 50.74. The risks are equally concrete, including a stock that sits 19.5% below its 52-week high and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Grindwell Norton Share Price Target 2027
What is the Grindwell Norton share price target for 2027?
Ans. The base-case Grindwell Norton share price target for 2027 is Rs 2,088, with Rs 2,539 as the bull case. The downside risk level, which is not a target, is Rs 1,605. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Grindwell Norton share price today?
Ans. As of 9 October 2026, 1:18 PM IST, Grindwell Norton trades at Rs 1,976.10, down 1.54% on the day. The 52-week range is Rs 1,329.00 to Rs 2,455.00.
Is Grindwell Norton a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 4.1% a year over FY24 to FY26, but the stock is 19.5% below its 52-week high. Whether Grindwell Norton fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Grindwell Norton shares?
Ans. The bull case target is Rs 2,539, which assumes 10.1% EPS growth and a PE of 58.35. The downside risk level is Rs 1,605, which assumes flat EPS and a PE of 40.59. It marks a risk, not a target.
What are the main risks to the Grindwell Norton price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 22,208 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Grindwell Norton and how does it compare with the industry?
Ans. The PE ratio of Grindwell Norton is 50.74 against an industry PE of 47.18. Price to book is 8.77 and return on equity is 16.40%. The base case in the Grindwell Norton price target holds this PE constant.
Who owns Grindwell Norton, and what is the promoter holding?
Ans. Promoters held 58.03% of Grindwell Norton in September 2026. FII held 5.34%, DII held 19.67% and the public held 16.96%.
What were Grindwell Norton’s latest quarterly results?
Ans. In the June 2026 quarter, Grindwell Norton reported revenue of Rs 827.88 crore (up 13.8% year on year) and net profit of Rs 115.32 crore (up 22.1%).
