Carborundum Universal Ltd · CARBORUNIV
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₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
20-quarter listed-company comparison
Abrasives & Grinding Wheels Stocks in India
Abrasives & Grinding Wheels: Carborundum Universal Ltd owns the largest revenue base; Grindwell Norton Ltd has the fastest current growth.
The 3 Abrasives & Grinding Wheels companies listed in India are Grindwell Norton Ltd (₹20.9K Cr, the largest), Carborundum Universal Ltd and Wendt India Ltd. 3 of 3 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.
01 · the index people search for
Nifty Abrasives & Grinding Wheels Index — Constituents & Performance
All 3 listed Indian Abrasives & Grinding Wheels companies are named here, largest first — the same constituent set people search for as the Nifty Abrasives & Grinding Wheels index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.
- Grindwell Norton Ltd₹20.9K Cr
- Carborundum Universal Ltd₹20.5K Cr
- Wendt India Ltd₹1.8K Cr
02 · the sector itself · before any single company
How has Abrasives & Grinding Wheels moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 23% behind NIFTY 500. Earnings across its companies fell 30% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 23 weeks running.
FADING · −1 in 4w⚠Price down, no fundamental support1 of 3 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑23w · 3/3 >200d (+0) · 1/3 lead (−1) · EPS 1/3↑
Abrasives & Grinding Wheels, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Abrasives & Grinding Wheels, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Abrasives & Grinding Wheels, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is Abrasives & Grinding Wheels outperforming NIFTY 500?
Abrasives & Grinding Wheels has outperformed NIFTY 500 by 11.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 7%. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Carborundum Universal Ltd is the strongest against the sector itself at -1.4%.
+7.0%Sector vs NIFTY 500 · 13 weeks
+11.7%Sector vs NIFTY 500 · 52 weeks
3/3Stocks leading NIFTY 500
0/3Stocks leading sector
Sector metric: 6.0 as of 2026-08-22 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Abrasives & Grinding Wheels has outperformed NIFTY 500 by 11.7% over 52 weeks and 7% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 3 beat the sector itself. Carborundum Universal Ltd leads with revenue of ₹5,414 crore, based on 3 of 3 comparable companies through Jun 2026.
Companies
3
complete canonical membership
Combined market value
₹43.1K Cr
Grindwell Norton Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
3/3
positive Mansfield relative strength
Comparing 3 of 3
04 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Grindwell Norton Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Grindwell Norton LtdGRINDWELL | 58.0/100Mixed-positive evidence97% evidence | FADING | 23.1/35 Revenue 12.9% · PAT 17.5% · OPM change 2 pp 100% evidence | 19.3/25 ROCE 21.2% · OPM 20% 100% evidence | 10.6/20 P/E 47.9× · PEG 1.36 85% evidence | 5.0/20 RS sector -5.6% · RS bench 10.1% · 1Y 19.4%9 of 12 weeks ahead 100% evidence |
| Exact sum: 23.1 + 19.3 + 10.6 + 5 = 58 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -5.6% and the one-year return is 19.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 2Wendt India LtdWENDT | 33.0/100Adverse evidence78% evidence | BREAKING OUT | 11.0/35 Revenue 7.8% · PAT -52.4% · OPM change 1.5 pp 95% evidence | 7.0/25 ROCE 7.8% · OPM 15.4% 95% evidence | 7.0/20 P/E 104× · PEG — 35% evidence | 8.0/20 RS sector -10% · RS bench 16.3% · 1Y -10.7%9 of 10 weeks ahead 70% evidence |
| Exact sum: 11 + 7 + 7 + 8 = 33 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Carborundum Universal LtdCARBORUNIV | 32.3/100Adverse evidence79% evidence | BREAKING OUT | 8.1/35 Revenue 10.2% · PAT -23.4% · OPM change -1 pp 95% evidence | 9.3/25 ROCE 10.5% · OPM 9% 76% evidence | 6.6/20 P/E 81.7× · PEG — 35% evidence | 8.3/20 RS sector -1.4% · RS bench 14.9% · 1Y 13.7%9 of 12 weeks ahead 100% evidence |
| Exact sum: 8.1 + 9.3 + 6.6 + 8.3 = 32.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
05 · what price has already done
Market action
Grindwell Norton Ltd has the strongest one-year price move in Abrasives & Grinding Wheels at +19.4%. Wendt India Ltd leads on Mansfield relative strength against NIFTY at +16.3%. 3 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Abrasives & Grinding Wheels itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · the story behind the numbers
Abrasives & Grinding Wheels — the story behind the numbers
This is the written read behind the Abrasives & Grinding Wheels figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 3 themes are live here, 1 of them rated high severity.
The sector is facing acute external headwinds that are compressing margins and delaying projects. While high-end product mix shifts offer a silver lining, the immediate term is clouded by sanctions, currency fluctuations, and tariff uncertainties, leading to a cautious outlook.
The Abrasives & Grinding Wheels sector, represented by CARBORUNIV, is navigating a MIXED demand environment in Q3 FY26. Consolidated revenue grew a modest 2.6% YoY to ₹1,273 Cr, while Profit After Tax (PAT) jumped 117.1% YoY to ₹76 Cr. However, management noted that the base quarter included an exceptional item related to VAW, and sequentially, PAT remained flat.
How old this read is: STALE — this read comes from our Abrasives & Grinding Wheels sector brief dated 17 Apr 2026, about 5 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| VAW (Russia) has been under U.S. sanctions since January 2025, leading to a 46% drop in quarterly sales.Named for CARBORUNIV | high | “VAW came under sanction since January 2025. For the quarter, VAW achieved a sale of RUB 1.4 billion, which is a drop of 46% compared to the last year same period at RUB 2.6 billion.” Management noted that VAW still recorded a profit after tax of RUB 414 million YTD. |
| Appreciation of the South African Rand by 6% to 8% negatively impacted Foskor's realizations.Named for CARBORUNIV | medium | “In addition to that, rand appreciated by 6%, very strong appreciation because of the rand appreciation, coupled with the price drop and the volume increase, the net result is sales value increase of 9%.” |
| Uncertainty regarding U.S. tariffs has caused project delays in the Ceramics segment.Named for CARBORUNIV | medium | “The end customers on many projects have delayed and deferred because of the uncertainty in the tariff, not just because of us, I'm just saying as a project.” Management is monitoring the situation as customers defer projects to get clarity on import costs. |
Sources: our Abrasives & Grinding Wheels sector brief, 17 Apr 2026 · company earnings-call transcripts.
07 · compare level, then change
Revenue Scale & Growth Durability
Carborundum Universal Ltd has the highest Revenue among the 3 Abrasives & Grinding Wheels companies compared here, at ₹5,414 crore. Grindwell Norton Ltd is next at ₹3,173 crore. Grindwell Norton Ltd has the highest Revenue growth at 12.9%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Carborundum Universal Ltd is the scale leader at ₹5,414 crore, 70.6% ahead of Grindwell Norton Ltd. Grindwell Norton Ltd's growth is 12.9% from a ₹3,173 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderCarborundum Universal Ltd · ₹5,414 crore
Gap70.6% versus #2 · Grindwell Norton Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 50 observations
Investor read: Carborundum Universal Ltd is the scale benchmark; Grindwell Norton Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Carborundum Universal Ltd's growth falls below Grindwell Norton Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
3/3 level · 3/3 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Carborundum Universal Ltd CARBORUNIV | ₹1.4K Cr | 17% | Jun 2026 |
| Grindwell Norton Ltd GRINDWELL | ₹803 Cr | 14% | Jun 2026 |
| Wendt India Ltd WENDT⚠ unverified | ₹71 Cr | 37% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Grindwell Norton Ltd · GRINDWELL
₹513 Cr
₹502 Cr
₹559 Cr
₹638 Cr
₹635 Cr
₹604 Cr
₹665 Cr
₹668 Cr
₹667 Cr
₹660 Cr
₹691 Cr
₹706 Cr
₹694 Cr
₹703 Cr
₹710 Cr
₹703 Cr
₹775 Cr
₹753 Cr
₹842 Cr
₹803 Cr
Wendt India Ltd · WENDT⚠ unverified
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—
—
—
—
₹51 Cr
₹59 Cr
₹51 Cr
₹51 Cr
₹55 Cr
₹70 Cr
₹49 Cr
₹56 Cr
₹53 Cr
₹76 Cr
₹52 Cr
₹57 Cr
₹61 Cr
₹67 Cr
₹71 Cr
Revenue growth · reported quarter history
Carborundum Universal Ltd · CARBORUNIV
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-3.0%
0.1%
-0.4%
6.8%
9.0%
1.3%
1.8%
6.1%
2.9%
15%
17%
Grindwell Norton Ltd · GRINDWELL
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—
45%
24%
20%
19%
4.7%
5.0%
9.3%
3.9%
5.7%
4.1%
6.5%
2.8%
-0.4%
12%
7.1%
19%
14%
Wendt India Ltd · WENDT⚠ unverified
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—
—
—
—
—
—
—
6.6%
19%
-4.3%
9.1%
-2.0%
7.9%
6.3%
1.7%
14%
-12%
37%
08 · compare level, then change
Operating Economics & Margin Trend
Grindwell Norton Ltd has the highest OPM among the 3 Abrasives & Grinding Wheels companies compared here, at 20%. Wendt India Ltd is next at 15.4%. The same company also holds the highest Margin change, at +2 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Grindwell Norton Ltd leads both opm at 20% and margin change at +2 percentage points.
LeaderGrindwell Norton Ltd · 20%
Gap29.9% versus #2 · Wendt India Ltd
Persistence2/8 recent comparable periods
Coverage3/3 companies · 60 observations
Investor read: Grindwell Norton Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Grindwell Norton Ltd GRINDWELL | 20% | +2.0 pp | Jun 2026 |
| Wendt India Ltd WENDT⚠ unverified | 15% | +1.5 pp | Jun 2026 |
| Carborundum Universal Ltd CARBORUNIV | 9.0% | −1.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Carborundum Universal Ltd · CARBORUNIV
18%
18%
13%
11%
14%
14%
16%
14%
15%
17%
17%
16%
16%
14%
12%
10%
12%
12%
10%
9.0%
Grindwell Norton Ltd · GRINDWELL
20%
18%
22%
20%
19%
20%
19%
20%
20%
19%
18%
19%
19%
18%
18%
18%
18%
18%
19%
20%
Wendt India Ltd · WENDT⚠ unverified
25%
22%
24%
24%
27%
27%
29%
24%
24%
24%
25%
22%
23%
21%
24%
14%
12%
12%
16%
15%
Margin change · reported quarter history
Carborundum Universal Ltd · CARBORUNIV
−1.6 pp
−0.2 pp
−8.2 pp
−5.4 pp
−3.3 pp
−3.5 pp
+3.2 pp
+2.8 pp
+0.5 pp
+3.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
−3.0 pp
−5.0 pp
−6.0 pp
−4.0 pp
−2.0 pp
−2.0 pp
−1.0 pp
Grindwell Norton Ltd · GRINDWELL
−1.7 pp
−3.6 pp
−0.1 pp
+0.4 pp
−0.4 pp
+2.2 pp
−3.1 pp
−0.1 pp
+0.8 pp
−1.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+2.0 pp
Wendt India Ltd · WENDT⚠ unverified
+9.1 pp
+2.5 pp
+4.9 pp
+1.3 pp
+2.2 pp
+5.1 pp
+4.8 pp
+0.6 pp
−3.0 pp
−2.3 pp
−3.7 pp
−2.7 pp
−1.7 pp
−3.7 pp
−0.8 pp
−7.6 pp
−11.0 pp
−8.6 pp
−8.2 pp
+1.5 pp
09 · compare level, then change
Profit Scale & Acceleration
Grindwell Norton Ltd has the highest Net profit among the 3 Abrasives & Grinding Wheels companies compared here, at ₹437 crore. Carborundum Universal Ltd is next at ₹187 crore. The same company also holds the highest Profit growth, at 17.5%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Grindwell Norton Ltd leads with ₹437 crore of TTM profit, 133.7% above Carborundum Universal Ltd. Grindwell Norton Ltd shows 17.5% growth from a ₹437 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderGrindwell Norton Ltd · ₹437 crore
Gap133.7% versus #2 · Carborundum Universal Ltd
Persistence5/8 recent comparable periods
Coverage3/3 companies · 50 observations
Investor read: Grindwell Norton Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Profit growthfastest growers
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Grindwell Norton Ltd GRINDWELL | ₹115 Cr | 22% | Jun 2026 |
| Carborundum Universal Ltd CARBORUNIV | ₹80 Cr | 33% | Jun 2026 |
| Wendt India Ltd WENDT⚠ unverified | ₹6 Cr | 63% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Carborundum Universal Ltd · CARBORUNIV
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—
—
—
—
₹113 Cr
₹149 Cr
₹118 Cr
₹104 Cr
₹112 Cr
₹143 Cr
₹115 Cr
₹116 Cr
₹38 Cr
₹30 Cr
₹60 Cr
₹74 Cr
₹73 Cr
₹-40 Cr
₹80 Cr
Grindwell Norton Ltd · GRINDWELL
₹72 Cr
₹70 Cr
₹90 Cr
₹92 Cr
₹90 Cr
₹80 Cr
₹98 Cr
₹97 Cr
₹102 Cr
₹92 Cr
₹93 Cr
₹93 Cr
₹97 Cr
₹88 Cr
₹93 Cr
₹94 Cr
₹107 Cr
₹96 Cr
₹119 Cr
₹115 Cr
Wendt India Ltd · WENDT⚠ unverified
—
—
—
—
—
₹10 Cr
₹13 Cr
₹9 Cr
₹9 Cr
₹10 Cr
₹13 Cr
₹8 Cr
₹11 Cr
₹8 Cr
₹13 Cr
₹4 Cr
₹3 Cr
₹3 Cr
₹5 Cr
₹6 Cr
Profit growth · reported quarter history
Carborundum Universal Ltd · CARBORUNIV
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—
—
—
—
—
—
—
—
-0.9%
-4.0%
-2.5%
12%
-66%
-79%
-48%
-36%
92%
-233%
33%
Grindwell Norton Ltd · GRINDWELL
—
—
—
44%
25%
14%
8.9%
5.4%
13%
15%
-5.1%
-4.1%
-4.9%
-4.4%
0.0%
1.1%
10%
9.1%
28%
22%
Wendt India Ltd · WENDT⚠ unverified
—
—
—
—
—
—
—
—
—
-4.7%
4.6%
-15%
19%
-14%
-3.7%
-51%
-75%
-64%
-61%
63%
10 · compare level, then change
Return On Capital Employed
Grindwell Norton Ltd has the highest ROCE among the 3 Abrasives & Grinding Wheels companies compared here, at 21.2%. Carborundum Universal Ltd is next at 10.5%. The same company also holds the highest ROCE change, at +0.7 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Grindwell Norton Ltd leads ROCE at 21.2%, 10.7 percentage points above Carborundum Universal Ltd. Grindwell Norton Ltd has the strongest latest improvement at +0.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderGrindwell Norton Ltd · 21.2%
Gap101.9% versus #2 · Carborundum Universal Ltd
Persistence1/8 recent comparable periods
Coverage3/3 companies · 30 observations
Investor read: Grindwell Norton Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
Return on capital · company comparison
3/3 level · 3/3 change
Withheld from this chart: Carborundum Universal Ltd (CARBORUNIV) — its two data sources disagree by up to 55% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Grindwell Norton Ltd GRINDWELL | 18% | +0.7 pp | Jun 2026 |
| Wendt India Ltd WENDT⚠ unverified | 11% | −9.7 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Grindwell Norton Ltd · GRINDWELL
24%
—
21%
—
24%
—
24%
—
24%
29%
20%
25%
20%
24%
17%
22%
17%
23%
18%
—
Wendt India Ltd · WENDT⚠ unverified
19%
—
21%
—
—
—
26%
—
24%
30%
22%
26%
20%
24%
18%
20%
12%
13%
7.0%
11%
ROCE change · reported quarter history
Grindwell Norton Ltd · GRINDWELL
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—
—
—
+0.5 pp
—
+2.2 pp
—
−0.5 pp
—
−3.1 pp
—
−3.9 pp
−5.0 pp
−3.0 pp
−3.1 pp
−2.4 pp
−1.1 pp
+0.7 pp
—
Wendt India Ltd · WENDT⚠ unverified
—
—
—
—
—
—
+4.7 pp
—
—
—
−3.2 pp
—
−4.4 pp
−5.9 pp
−4.8 pp
−5.7 pp
−7.3 pp
−10.5 pp
−10.5 pp
−9.7 pp
11 · compare level, then change
Valuation Against Growth & Quality
Grindwell Norton Ltd has the lowest PEG among the 3 Abrasives & Grinding Wheels companies compared here, at 1.36×. The same company also holds the lowest P/E, at 47.9×. 1 of 3 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 9 reported observations across the 20-quarter window.
What the numbers say: Grindwell Norton Ltd has the lowest comparable PEG at 1.36×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderGrindwell Norton Ltd · 1.36×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 9 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
Valuation · company comparison
1/3 level · 3/3 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Grindwell Norton Ltd GRINDWELL | 1.4 | 59.4 | Jun 2026 |
| Carborundum Universal Ltd CARBORUNIV | — | 92.1 | Jun 2026 |
| Wendt India Ltd WENDT⚠ unverified | — | 103.9 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Grindwell Norton Ltd · GRINDWELL
—
13.2
6.0
1.3
—
2.8
2.6
—
2.1
6.4
5.0
—
—
—
—
—
—
—
1.4
—
P/E · reported quarter history
Carborundum Universal Ltd · CARBORUNIV
47.0
51.3
38.3
38.7
50.8
50.9
56.1
57.3
51.8
47.6
65.0
82.5
74.1
61.3
43.1
53.5
60.1
64.6
60.5
92.1
Grindwell Norton Ltd · GRINDWELL
57.2
75.1
68.5
56.8
70.6
57.8
59.0
69.8
62.8
68.2
53.9
82.5
69.9
57.6
50.9
50.7
46.5
45.6
39.0
59.4
Wendt India Ltd · WENDT⚠ unverified
47.0
42.7
40.1
58.5
52.5
48.9
48.9
51.4
70.0
71.8
55.7
76.4
73.7
80.6
44.3
43.1
49.8
57.7
56.3
103.9
12 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Abrasives & Grinding Wheels comparison names 7 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Valuation have fewer than three usable current readings.
13 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 3 Abrasives & Grinding Wheels companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 1 unverified · 1 withheld, of 3 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
14 · questions investors ask, short speakable answers
Abrasives & Grinding Wheels company comparison FAQs
These 23 answers restate the Abrasives & Grinding Wheels comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.
Is the Abrasives & Grinding Wheels sector outperforming NIFTY 500?
Abrasives & Grinding Wheels has outperformed NIFTY 500 by 11.7% over 52 weeks and 7% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 3 beat the sector itself.
Which Abrasives & Grinding Wheels company is largest by revenue?
Carborundum Universal Ltd leads with revenue of ₹5,414 crore, based on 3 of 3 comparable companies through Jun 2026.
Which Abrasives & Grinding Wheels company is growing fastest?
Grindwell Norton Ltd has the fastest current revenue growth at 12.9%, across 3 of 3 comparable companies.
Which Abrasives & Grinding Wheels company has the strongest 4-Factor Sector Score?
Grindwell Norton Ltd ranks first at 58/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Abrasives & Grinding Wheels company has the lowest comparable PEG?
Grindwell Norton Ltd has the lowest comparable PEG at 1.36, among 1 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Abrasives & Grinding Wheels comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Is there a Nifty Abrasives & Grinding Wheels index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Abrasives & Grinding Wheels, this page builds its own equal-weight basket of 3 listed Abrasives & Grinding Wheels companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best Abrasives & Grinding Wheels stocks in India?
Ranked by this page's four-factor score, Grindwell Norton Ltd places first among 3 listed Abrasives & Grinding Wheels companies, followed by Wendt India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Abrasives & Grinding Wheels stocks are listed in India?
This comparison covers 3 listed Abrasives & Grinding Wheels companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Abrasives & Grinding Wheels company is the biggest?
Carborundum Universal Ltd is the largest, with trailing-twelve-month revenue of ₹5,414 crore, ahead of Grindwell Norton Ltd at ₹3,173 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.
Which Abrasives & Grinding Wheels company has the best profit margins?
Grindwell Norton Ltd has the highest operating margin at 20%, from 3 of 3 comparable companies. Grindwell Norton Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Abrasives & Grinding Wheels company makes the most profit?
Grindwell Norton Ltd earns the most, at ₹437 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Grindwell Norton Ltd has the fastest profit growth at 17.5%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Abrasives & Grinding Wheels company earns the highest return on capital?
Grindwell Norton Ltd leads on return on capital employed at 21.2%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Abrasives & Grinding Wheels stock is the cheapest?
On PEG — where a LOWER number is cheaper — Grindwell Norton Ltd screens cheapest at 1.36×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Abrasives & Grinding Wheels sector beating the market?
Abrasives & Grinding Wheels has outperformed NIFTY 500 by 11.7% over the last 52 weeks and 7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Abrasives & Grinding Wheels stock has the strongest price momentum?
Wendt India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Abrasives & Grinding Wheels company scores highest for research priority?
Grindwell Norton Ltd scores 58 out of 100 with 97% evidence confidence, from 23.1 points on growth and earnings, 19.3 on capital efficiency, 10.6 on valuation and 5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Abrasives & Grinding Wheels companies does this comparison cover, and over what period?
It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Abrasives & Grinding Wheels sector?
The 3 Abrasives & Grinding Wheels companies on this page carry ₹43,125 crore of combined market value. Grindwell Norton Ltd is the largest at ₹20,880 crore, about 48% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.
How is the Abrasives & Grinding Wheels sector performing?
3 of the 3 covered Abrasives & Grinding Wheels companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 11.7% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.
Not SEBI Registered !! Not Investment advice !!