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Balance sheet of Grindwell Norton is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Grindwell Norton is increasing.
Latest debt of Grindwell Norton is -₹161.46 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹408.04 Crs.
The profit is oscillating.
The profit of Grindwell Norton is ₹371 Crs for TTM, ₹384 Crs for Mar 2024 and ₹362 Crs for Mar 2023.
The company seems to pay a good stable dividend.
Grindwell Norton latest dividend payout ratio is 49.06% and 3yr average dividend payout ratio is 46.12%
Companies resources are allocated to majorly productive assets like Plant & Machinery