Firstcall Research's report on Grindwell NortonGrindwell Norton Limited was established in 1941. Grindwell Norton Limited is a subsidiary of Compagnie de Saint-Gobain. The company manufactures and sells abrasives, ceramics, and plastic products in India and internationally. It operates through two segments, Abrasives, and Ceramics and Plastics. The Abrasives segment offers bonded abrasives in the form of wheels, segments, sticks, etc. for various applications, such as lapping, honing, super-finishing, race grinding, thread grinding, fluting, OD grinding, ID grinding, surface grinding, etc., as well as for rough applications, including snagging, cutting-off, burr removal, weld preparation, etc. It also provides abrasives consisting of stationary dressers, rotary dressers, diamond and grinding wheels, and allied products for precision applications; coated abrasives products in various shapes, such as discs, belts, rolls, etc. for material removal and surface generation; nonwoven abrasives for use in domestic and industrial applications; construction products, such as various blades, diamond polishing pads and sponge wheels, and diamond core drill bits; and thin wheels. The Ceramics and Plastics segment offers silicon carbide grains primarily for use as raw material in the manufacture of abrasives and refractories, and for stone polishing; and high performance refractories for use in processing ferrous and non-ferrous metals, and as kiln furniture to fire ceramic wares, as well as used as filtering media and for wear resistance. It also produces and markets performance plastics comprising bearings, seals, tubing and hoses, films, fabrics, and foams for use in automotive, pharma and bio-pharma, construction, food and beverage, energy, and general industrial markets. Grindwell Norton Limited also exports its products to other countries.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 820.00 for Medium to Long term investment.
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