Grindwell Norton, a French multinational backed by Saint-Gobain Group, has been highlighted by market expert Anil Singhvi in his Navratna SIP segment. The stock is currently trading at Rs 1,550, and Singhvi recommends a 1–3 year investment horizon with systematic purchases on every 10% price dip.
Anil Singhvi price targets on Grindwell Norton
Singhvi’s recommended targets for Grindwell Norton are Rs 1,925, Rs 2,300, and Rs 2,750. Brokerage views are mixed: Equirus suggests a buy with a target of Rs 2,105, while ICICI Securities maintains a hold rating with a target of Rs 2,025.
Business portfolio
The company operates across abrasives, life sciences, performance plastics, and ceramics. Despite global challenges including Chinese dumping and soft demand in FY25 and Q1FY26, Grindwell Norton achieved a three-year revenue CAGR of 15%. Completed capital expenditure between FY21 and FY25 positions the company for expansion benefits from FY26 onwards.
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Financials and valuation
Grindwell Norton is debt-free, has positive cash flows, and maintains a 51% dividend payout. The stock trades at a PE of 46, below its five-year average of 62, and is down roughly 70% from its 52-week high of Rs 2,632, offering potential value for disciplined long-term investors.
Long-term investment case
Grindwell Norton’s diversified product portfolio, strong financial health, and completed capex cycle provide a foundation for potential growth. The stock’s current valuation, combined with Singhvi’s disciplined SIP strategy, presents an opportunity for long-term investors seeking exposure to the chemical and materials sector.