Grauer & Weil India share price & results
- Jun 2026
- Sept 2026
Integrated surface-finishing group: chemicals, paints, engineering plants, lubricants, plus a mall.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 295 | +18.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 17.0 | −4.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 42.0 | −4.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.94 | −1.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 8.40 | −0.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 10.06 | −1.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −32.9% 1Y
1Y: ₹115.6 on 25 Oct 2023 → ₹77.59. High ₹115.6 (25 Oct 2023), low ₹63.49 (18 May 2026).
- Previous close
- ₹78.02
- Market cap
- ₹3.5k Cr
- 52-week range
- ₹63.49 – ₹88.02
- Price to earnings (TTM to Jun 2026)
- 21.98×
- Return on equity (TTM to Jun 2026)
- 15.94%
Overview
- Symbol
- NSE:GRAUWEIL
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Grauer & Weil India Limited does
Based on the company's own presentations, annual report and earnings calls.
Grauer & Weil (India) Limited, operating under the Growel brand, provides integrated corrosion-protection and surface-finishing solutions built around electroplating, phosphating, anodising and specialty chemicals used by automotive, electronics, aerospace, defence and infrastructure customers. It also manufactures industrial, protective and architectural paints/coatings, designs and installs turnkey surface-finishing plants and equipment for metal-finishing customers, and produces industrial and metalworking lubricants under the Grodal brand. A separate real estate arm operates Growel's 101, a retail, dining and entertainment mall in Kandivali, Mumbai. Manufacturing is carried out across multiple plants in India, with exports to customers worldwide.
Segments
- Chemicals (Surface Finishing / Specialty Chemicals)
- Paints
- Engineering
- Lubricants
- Real Estate
- Manufacturing plants in India
- 6
- Installed capacity at key plants
- Dadra Chemicals 48,930 MT; Dadra Paints 21,291 MT; Jammu 23,370 MT; Barotiwala 13,983 MT
- Countries exported to
- 50+
- Branch offices
- 25+, including 3 overseas branches & depots
- Technical service centres
- 30+
- Active dealers/distributors
- 150+, including international
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −5% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 254 | 273 | 338 | 249 | 287 | 288 | 354 | 295 |
| Expenses | 212 | 221 | 308 | 197 | 244 | 248 | 293 | 245 |
| Operating profit | 43 | 52 | 30 | 53 | 44 | 40 | 60 | 50 |
| Operating margin | 17.0% | 19.0% | 9.0% | 21.0% | 15.0% | 14.0% | 17.0% | 17.0% |
| Other income | 14 | 12 | 12 | 13 | 11 | 12 | 13 | 12 |
| Interest | 0 | 0 | 2 | 1 | 0 | 0 | 1 | 1 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Profit before tax | 51 | 58 | 34 | 58 | 49 | 45 | 67 | 56 |
| Tax rate | 26.0% | 26.0% | 25.0% | 25.0% | 20.0% | 26.0% | 23.0% | 25.0% |
| Net profit | 38 | 43 | 26 | 44 | 39 | 34 | 51 | 42 |
| EPS (₹ per share) | 0.83 | 0.95 | 0.57 | 0.96 | 0.86 | 0.74 | 1.12 | 0.92 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 982 | 1,054 | 1,127 | 1,178 |
| Expenses | 826 | 866 | 939 | 982 |
| Operating profit | 156 | 188 | 189 | 197 |
| Other income | 17 | 30 | 46 | 49 |
| Interest | 2 | 3 | 2 | 2 |
| Depreciation | 20 | 20 | 23 | 24 |
| Profit before tax | 153 | 194 | 210 | 219 |
| Net profit | 113 | 144 | 158 | 168 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 23 | 23 | 23 | 45 | 45 | 45 |
| Reserves | 561 | 657 | 780 | 891 | 952 | 1,036 |
| Borrowings | 25 | 23 | 26 | 12 | 12 | 14 |
| Other liabilities | 217 | 246 | 289 | 330 | 319 | 342 |
| Total liabilities | 825 | 949 | 1,118 | 1,278 | 1,328 | 1,438 |
| Fixed assets | 247 | 239 | 238 | 249 | 269 | 266 |
| Capital work in progress | 1 | 3 | 14 | 26 | 20 | 37 |
| Investments | 2 | 24 | 56 | 81 | 407 | 458 |
| Other assets | 575 | 683 | 809 | 922 | 633 | 676 |
| Total assets | 825 | 949 | 1,118 | 1,278 | 1,328 | 1,438 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 117 | 44 | 113 | 158 | 145 | 154 |
| Cash from investing | -43 | -17 | -116 | -109 | -123 | -184 |
| Cash from financing | -3 | -15 | -18 | -20 | -41 | -28 |
| Net cash flow | 71 | 12 | -21 | 29 | -19 | -58 |
| Free cash flow | 102 | 22 | 100 | 127 | 107 | 107 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 77 | 62 | 68 | 64 | 63 | 54 |
| Inventory days | 107 | 120 | 82 | 89 | 96 | 109 |
| Days payable | 110 | 91 | 76 | 86 | 89 | 99 |
| Cash conversion cycle | 74 | 92 | 74 | 67 | 71 | 64 |
| Working capital days | 36 | 49 | 43 | 33 | 32 | 26 |
| Return on capital employed | 19.0% | 19.0% | 24.0% | 26.0% | 23.0% | 21.0% |
| Dividend payout | 16.0% | 19.0% | 16.0% | 8.0% | 14.0% | 27.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Surface Finishings contributes 86.7% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Surface Finishings 86.7%
₹269.67 crore
- Engineering 9.4%
₹29.27 crore
- Unallocable 3.8%
₹11.93 crore
- Shoppertainment <0.1%
₹0.24 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Surface Finishings | 269.67 | 86.7% |
| Engineering | 29.27 | 9.4% |
| Unallocable | 11.93 | 3.8% |
| Shoppertainment | 0.24 | <0.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹311.11 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹311.11 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Shoppertainment shrank from 3% to 0% of revenue over the last two years.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Surface Finishings | 85% | 86% | 83% | 87% | 86% | 91% | 86% | 87% | +17.1% |
| Engineering | 7% | 7% | 12% | 9% | 11% | 5% | 11% | 9% | +24.5% |
| Unallocable | 5% | 4% | 3% | 5% | 4% | 4% | 3% | 4% | -1.0% |
| Shoppertainment | 3% | 3% | 2% | <1% | <1% | <1% | <1% | <1% | +300.0% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
What the price assumes
FairTo justify its price of ₹78, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹69 — downside of 11%.
- Growth the price implies
- 15.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 14.1% a year
- net profit, FY23–FY26 · EPS 13.8%
- The gap
- 0.0 pp
- -11% downside if it only repeats history
Ownership
Who owns it
Promoters hold 69.04% as of Sept 2026; institutions added 0.09 pts since Jun 2026.
- Promoters 69.04%
- Foreign institutions 0.47%
- Domestic institutions 0.02%
- Government 0.00%
- Public 30.45%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +2.10 pp 9.97% held
- +2.10 pp 3.49% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Grauer & Weil India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 18.92% | unchanged | |
| 14.27% | unchanged | |
| 10.06% | unchanged | |
| 9.97% | +2.10 pp | |
| 5.61% | unchanged | |
| 5.54% | unchanged | |
| 3.49% | +2.10 pp | |
| 1.19% | unchanged | |
| 1.18% | unchanged | |
| 1.06% | unchanged | |
| 0.48% | unchanged | |
| 0.36% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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