{"id":343611,"date":"2026-11-11T11:05:22","date_gmt":"2026-11-11T05:35:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343611"},"modified":"2026-11-11T11:05:22","modified_gmt":"2026-11-11T05:35:22","slug":"global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/","title":{"rendered":"3 Global Pharmaceutical Company, IT and Engineering Services Company and Abrasives and Ceramics Maker Stocks With a Strong Future Roadmap: Lupin, LTM and Grindwell Norton"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E84;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Lupin, LTM and Grindwell Norton: ROE of 16.4% to 23.8% and FY22 to FY26 revenue CAGR of 11.3% to 15.0%. Prices as of 10 Nov 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E84;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three pharma, IT services and abrasive stocks to watch are Lupin, LTM and Grindwell Norton. Their return on equity ranges from 16.4% to 23.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.3% to 15.0%. Lupin leads on both return on equity at 23.8% and revenue growth at 15.0% a year. Prices are based on the 10 November 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Pharma, IT services and abrasive stocks offer a focused view of a sector where demand keeps widening. Lupin, LTM and Grindwell Norton cover a global pharmaceutical company, an IT and engineering services company and an abrasives and ceramics maker.<\/p>\n<p>This list covers three pharma, IT services and abrasive stocks with complete current figures: Lupin, LTM and Grindwell Norton. Every figure comes from the latest reported financials and the 10 November 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#What_Are_Pharma_IT_Services_and_Abrasive_Stocks\" title=\"What Are Pharma, IT Services and Abrasive Stocks?\">What Are Pharma, IT Services and Abrasive Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Pharma_IT_Services_and_Abrasive_Stocks_at_a_Glance\" title=\"Pharma, IT Services and Abrasive Stocks at a Glance\">Pharma, IT Services and Abrasive Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Why_Do_Pharma_IT_Services_and_Abrasive_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Pharma, IT Services and Abrasive Stocks Have a Strong Roadmap in India?\">Why Do Pharma, IT Services and Abrasive Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Why_Lupin_Features_Among_These_Pharma_IT_Services_and_Abrasive_Stocks\" title=\"Why Lupin Features Among These Pharma, IT Services and Abrasive Stocks\">Why Lupin Features Among These Pharma, IT Services and Abrasive Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Why_LTM_Features_Among_These_Pharma_IT_Services_and_Abrasive_Stocks\" title=\"Why LTM Features Among These Pharma, IT Services and Abrasive Stocks\">Why LTM Features Among These Pharma, IT Services and Abrasive Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Why_Grindwell_Norton_Features_Among_These_Pharma_IT_Services_and_Abrasive_Stocks\" title=\"Why Grindwell Norton Features Among These Pharma, IT Services and Abrasive Stocks\">Why Grindwell Norton Features Among These Pharma, IT Services and Abrasive Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Lupin_vs_LTM_vs_Grindwell_Norton_on_Key_Financials\" title=\"Lupin vs LTM vs Grindwell Norton on Key Financials\">Lupin vs LTM vs Grindwell Norton on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Key_Risks_to_Check_Before_Investing_in_Pharma_IT_Services_and_Abrasive_Stocks\" title=\"Key Risks to Check Before Investing in Pharma, IT Services and Abrasive Stocks\">Key Risks to Check Before Investing in Pharma, IT Services and Abrasive Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Final_Thoughts_on_Pharma_IT_Services_and_Abrasive_Stocks\" title=\"Final Thoughts on Pharma, IT Services and Abrasive Stocks\">Final Thoughts on Pharma, IT Services and Abrasive Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#What_are_pharma_IT_services_and_abrasive_stocks\" title=\"What are pharma, IT services and abrasive stocks?\">What are pharma, IT services and abrasive stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Which_pharma_IT_services_and_abrasive_stocks_are_covered_in_this_list\" title=\"Which pharma, IT services and abrasive stocks are covered in this list?\">Which pharma, IT services and abrasive stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Why_do_pharma_IT_services_and_abrasive_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do pharma, IT services and abrasive stocks have a strong future roadmap in India?\">Why do pharma, IT services and abrasive stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#How_has_Lupin_performed_financially\" title=\"How has Lupin performed financially?\">How has Lupin performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#How_has_LTM_performed_financially\" title=\"How has LTM performed financially?\">How has LTM performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#How_has_Grindwell_Norton_performed_financially\" title=\"How has Grindwell Norton performed financially?\">How has Grindwell Norton performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#What_risks_should_investors_check_before_buying_pharma_IT_services_and_abrasive_stocks\" title=\"What risks should investors check before buying pharma, IT services and abrasive stocks?\">What risks should investors check before buying pharma, IT services and abrasive stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/global-pharmaceutical-company-it-and-engineering-services-company-and-abrasives-and-ceramics-maker-stocks-roadmap-ridgeway-list\/#Is_this_list_of_pharma_IT_services_and_abrasive_stocks_investment_advice\" title=\"Is this list of pharma, IT services and abrasive stocks investment advice?\">Is this list of pharma, IT services and abrasive stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Pharma_IT_Services_and_Abrasive_Stocks\"><\/span><strong>What Are Pharma, IT Services and Abrasive Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pharma, IT services and abrasive stocks are listed companies that develop and sell generic and branded medicines in India and abroad, provide IT, cloud and engineering services to global clients, and make grinding wheels, coated abrasives and industrial ceramics. Their earnings depend on prescription demand, client technology budgets and factory output.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pharma_IT_Services_and_Abrasive_Stocks_at_a_Glance\"><\/span><strong>Pharma, IT Services and Abrasive Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/lupin\/lupin-ltd-share-price-today\">Lupin<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,025<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">89,343<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.29<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ltm\/ltimindtree-ltd-share-price-today\">LTM<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,318.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">120,479<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.09<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/grindwell\/grindwell-norton-ltd-share-price-today\">Grindwell Norton<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,961.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20,188<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Lupin trades at a P\/E below the industry P\/E, while LTM and Grindwell Norton trade above it, which reflects the growth the market already expects. Readers comparing pharma, IT services and abrasive stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Pharma_IT_Services_and_Abrasive_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Pharma, IT Services and Abrasive Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pharma, IT services and abrasive stocks have a strong roadmap in India because steady global demand for medicines, wider enterprise adoption of digital services and rising manufacturing activity keep widening the market for these companies.<\/p>\n<ul>\n<li><strong>Pharma.<\/strong> Generic and branded medicines reach more markets.<\/li>\n<li><strong>IT services.<\/strong> Large clients consolidate vendors for digital work.<\/li>\n<li><strong>Abrasives.<\/strong> Factories need grinding and finishing products.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Lupin_Features_Among_These_Pharma_IT_Services_and_Abrasive_Stocks\"><\/span><strong>Why Lupin Features Among These Pharma, IT Services and Abrasive Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the pharma, IT services and abrasive stocks on this list, Lupin is a Mumbai-headquartered global pharmaceutical company with a presence in branded generics in India, complex generics and specialty products in the United States, and active ingredients, with strength in respiratory, cardiovascular, anti-diabetic and anti-infective therapies.<\/p>\n<p>Revenue rose from Rs 16,616 crore in FY22 to Rs 29,039 crore in FY26, a compound annual growth rate of 15.0%. Net profit grew from Rs 1,936 crore in FY24 to Rs 5,355 crore in FY26, which works out to a compound annual growth rate of 66.3%.<\/p>\n<p>In the June 2026 quarter, revenue grew 32.5% year on year to Rs 8,407 crore, while net profit rose 16.0% to Rs 1,417 crore. The company has a return on equity of 23.8%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 89,343 crore. The stock trades at a P\/E of 16.1, below the industry P\/E of 36.0.<\/p>\n<p><strong>Roadmap:<\/strong> The company is building its pipeline of complex generics, inhalation products and biosimilars, and is widening its specialty portfolio in the United States. Its large Indian branded business and a presence in over 100 markets spread revenue across regions and therapies.<\/p>\n<p><strong>What to watch:<\/strong> Track key launches in the United States, especially in inhalation and complex injectables, and the growth of the India branded business.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_LTM_Features_Among_These_Pharma_IT_Services_and_Abrasive_Stocks\"><\/span><strong>Why LTM Features Among These Pharma, IT Services and Abrasive Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the medicine maker, digital engineering and grinding wheel shares on this list, LTM, formerly LTIMindtree, is a Mumbai-based global technology consulting and digital solutions company that serves banking, insurance, manufacturing, healthcare and other industries.<\/p>\n<p>Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%.<\/p>\n<p>The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P\/E of 23.2, above the industry P\/E of 17.6.<\/p>\n<p><strong>Roadmap:<\/strong> The company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. Its link with the Larsen and Toubro group helps it reach large enterprise customers.<\/p>\n<p><strong>What to watch:<\/strong> Track deal wins, client additions and utilisation levels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Grindwell_Norton_Features_Among_These_Pharma_IT_Services_and_Abrasive_Stocks\"><\/span><strong>Why Grindwell Norton Features Among These Pharma, IT Services and Abrasive Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Grindwell Norton, a Saint-Gobain group company, makes abrasives, ceramics and plastics products, including grinding wheels, coated abrasives and silicon carbide.<\/p>\n<p>The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P\/E of 46.1, above the industry P\/E of 44.4.<\/p>\n<p>Revenue rose 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 from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore.<\/p>\n<p><strong>Roadmap:<\/strong> Demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group&#8217;s technology support and a debt-free balance sheet allow it to add capacity at its own pace.<\/p>\n<p><strong>What to watch:<\/strong> Keep tabs on industrial activity and input costs for raw materials such as silicon carbide.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lupin_vs_LTM_vs_Grindwell_Norton_on_Key_Financials\"><\/span><strong>Lupin vs LTM vs Grindwell Norton on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three pharma, IT services and abrasive stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Lupin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,616<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29,039<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,355<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">LTM<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26,874<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43,402<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,983<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Grindwell Norton<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,066<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,168<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">417<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Lupin posts the highest return on equity in this group at 23.8%. LTM has the largest FY26 revenue at Rs 43,402 crore, and Lupin shows the fastest revenue growth with a 15.0% compound annual rate. A useful habit with pharma, IT services and abrasive stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Pharma_IT_Services_and_Abrasive_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Pharma, IT Services and Abrasive Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these pharma, IT services and abrasive stocks, the main points are: Long-term medicine maker, digital engineering and grinding wheel shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Pricing pressure.<\/strong> Generic prices can change by market.<\/li>\n<li><strong>Client spending.<\/strong> Technology budgets can vary with global conditions.<\/li>\n<li><strong>Commodity inputs.<\/strong> Metal, energy and raw material prices can move margins.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter pharma, IT services and abrasive stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Pharma_IT_Services_and_Abrasive_Stocks\"><\/span><strong>Final Thoughts on Pharma, IT Services and Abrasive Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pharma, IT services and abrasive stocks reward patient research into demand, execution and financial strength. Lupin, LTM and Grindwell Norton each have a clear plan to grow. Based on the 10 November 2026 close, Lupin trades at Rs 2,025, LTM at Rs 4,318.2 and Grindwell Norton at Rs 1,961.7. Valuation matters as much as growth, so compare each company&#8217;s P\/E with its industry P\/E before adding any of these pharma, IT services and abrasive stocks to a watchlist.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track pharma, IT services and abrasive stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_pharma_IT_services_and_abrasive_stocks\"><\/span><strong>What are pharma, IT services and abrasive stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Pharma, IT services and abrasive stocks are listed companies that develop and sell generic and branded medicines in India and abroad, provide IT, cloud and engineering services to global clients, and make grinding wheels, coated abrasives and industrial ceramics. Their earnings depend on prescription demand, client technology budgets and factory output. This list looks at three of them, Lupin, LTM and Grindwell Norton, using reported FY22 to FY26 financials and the 10 November 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_pharma_IT_services_and_abrasive_stocks_are_covered_in_this_list\"><\/span><strong>Which pharma, IT services and abrasive stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Lupin, LTM and Grindwell Norton. Based on the 10 November 2026 close, Lupin traded at Rs 2,025, LTM at Rs 4,318.2 and Grindwell Norton at Rs 1,961.7. Their return on equity ranges from 16.4% to 23.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.3% to 15.0%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_pharma_IT_services_and_abrasive_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do pharma, IT services and abrasive stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Pharma, IT services and abrasive stocks have a strong roadmap in India because steady global demand for medicines, wider enterprise adoption of digital services and rising manufacturing activity keep widening the market for these companies. The main drivers are as follows. Pharma. Generic and branded medicines reach more markets. IT services. Large clients consolidate vendors for digital work. Abrasives. Factories need grinding and finishing products. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Lupin_performed_financially\"><\/span><strong>How has Lupin performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 16,616 crore in FY22 to Rs 29,039 crore in FY26, a compound annual growth rate of 15.0%. Net profit grew from Rs 1,936 crore in FY24 to Rs 5,355 crore in FY26, which works out to a compound annual growth rate of 66.3%. In the June 2026 quarter, revenue grew 32.5% year on year to Rs 8,407 crore, while net profit rose 16.0% to Rs 1,417 crore. The company has a return on equity of 23.8%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 89,343 crore. The stock trades at a P\/E of 16.1, below the industry P\/E of 36.0. Looking ahead, the company is building its pipeline of complex generics, inhalation products and biosimilars, and is widening its specialty portfolio in the United States. Its large Indian branded business and a presence in over 100 markets spread revenue across regions and therapies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_LTM_performed_financially\"><\/span><strong>How has LTM performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%. The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P\/E of 23.2, above the industry P\/E of 17.6. Looking ahead, the company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. Its link with the Larsen and Toubro group helps it reach large enterprise customers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Grindwell_Norton_performed_financially\"><\/span><strong>How has Grindwell Norton performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose 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 from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P\/E of 46.1, above the industry P\/E of 44.4. Looking ahead, demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group&#8217;s technology support and a debt-free balance sheet allow it to add capacity at its own pace.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_pharma_IT_services_and_abrasive_stocks\"><\/span><strong>What risks should investors check before buying pharma, IT services and abrasive stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying pharma, IT services and abrasive stocks. Pricing pressure. Generic prices can change by market. Client spending. Technology budgets can vary with global conditions. Commodity inputs. Metal, energy and raw material prices can move margins. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_pharma_IT_services_and_abrasive_stocks_investment_advice\"><\/span><strong>Is this list of pharma, IT services and abrasive stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 10 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are pharma, IT services and abrasive stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Pharma, IT services and abrasive stocks are listed companies that develop and sell generic and branded medicines in India and abroad, provide IT, cloud and engineering services to global clients, and make grinding wheels, coated abrasives and industrial ceramics. Their earnings depend on prescription demand, client technology budgets and factory output. This list looks at three of them, Lupin, LTM and Grindwell Norton, using reported FY22 to FY26 financials and the 10 November 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which pharma, IT services and abrasive stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Lupin, LTM and Grindwell Norton. Based on the 10 November 2026 close, Lupin traded at Rs 2,025, LTM at Rs 4,318.2 and Grindwell Norton at Rs 1,961.7. 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Its large Indian branded business and a presence in over 100 markets spread revenue across regions and therapies.\"}},{\"@type\":\"Question\",\"name\":\"How has LTM performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 26,874 crore in FY22 to Rs 43,402 crore in FY26, a compound annual growth rate of 12.7%. Net profit grew from Rs 3,950 crore in FY22 to Rs 4,983 crore in FY26, which works out to a compound annual growth rate of 6.0%. The company has a return on equity of 20.2%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 120,479 crore. The stock trades at a P\/E of 23.2, above the industry P\/E of 17.6. Looking ahead, the company is focused on cloud, data and artificial intelligence projects and on winning larger transformation deals from existing clients. 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Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pharma, IT Services and Abrasive Stocks with a strong future roadmap: Lupin, LTM and Grindwell Norton. Compare price, valuation, return on equity and revenue growth as of 10 November 2026.<\/p>\n","protected":false},"author":34,"featured_media":343610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,22054,22055,13913,22052,13162,13958,22053,22056],"class_list":["post-343611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-digital-engineering-and-grinding-wheel-shares","tag-global-drug-company","tag-grindwell-norton","tag-it-services-and-abrasive-stocks","tag-ltm","tag-lupin","tag-medicine-maker","tag-technology-services-and-industrial-abrasive-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343610"],"rank_math_title":["Pharma, IT Services and Abrasive Stocks"],"rank_math_description":["Compare 3 pharma, IT services and abrasive stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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