Grauer & Weil India Ltd. (GRAUWEIL) AI Stock Analysis

Grauer & Weil India Ltd.

(NSE:GRAUWEIL)

Select Model

Rating:75Outperform

Price Target:$96.00▲(19.69% Upside)

Action:initiatedcoverage

Date:09/22/26

The score is primarily driven by strong financial performance—accelerating revenue growth, healthy profitability, and exceptionally low leverage—supporting business resilience. Technicals add support due to a strong uptrend, but elevated RSI/Stochastic reduce the score due to overbought risk. Valuation is a headwind given a P/E of 24.12 and a low dividend yield (~0.59%).

Positive Factors

Accelerating revenue growthSustained positive growth, followed by acceleration in the latest period, indicates expanding demand for the company’s surface-finishing offerings. Continued top-line momentum can improve operating scale, support reinvestment, and reinforce customer relationships across industrial end-markets over the coming quarters.

Negative Factors

Weak operating cash conversionOperating cash flow consistently trails reported operating profit, pointing to working-capital or timing effects that reduce the quality and immediacy of earnings conversion. Although free cash flow remains positive, this pattern can constrain reinvestment capacity and make cash generation more variable across periods.

Grauer & Weil India Ltd. (GRAUWEIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 36.37B
Dividend Yield: 0.62%
Average Volume (3M): 59.10K
Price to Earnings (P/E): 22.7
Beta (1Y): 0.82
Revenue Growth: 10.06%
EPS Growth: 6.76%
Country: India
Employees: 987
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Grauer & Weil India Ltd. Business Overview & Revenue Model

Company Description

Grauer & Weil (India) Limited, an enterprise established in 1957 and headquartered in Mumbai, India, is a prominent manufacturer and distributor of chemical and engineering products. The company's reach extends both domestically across India and inte...

How the Company Makes Money

Grauer & Weil (India) Ltd. primarily makes money by selling specialty chemicals and allied products used in industrial surface finishing, along with related services and solutions. Key revenue streams include: 1) Sale of surface finishing chemicals:...

Grauer & Weil India Ltd. Financial Statement Overview

Summary

Strong fundamentals supported by consistently positive and accelerating revenue growth (up to ~24% in 2026), healthy sector-level profitability (net margins ~12–14%, EBITDA margins ~19–22%), and a very conservative balance sheet with minimal leverage (debt-to-equity ~1–4%, ~1.3% in 2026) alongside healthy ROE (~15% in 2026). The main offset is cash conversion: operating cash flow has consistently trailed operating profit (around ~0.57 in 2026), suggesting working-capital/timing drag and some free-cash-flow volatility.

Income Statement

84Very Positive

Balance Sheet

92Very Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.36B	11.90B	11.34B	10.70B	9.37B	7.70B
Gross Profit	5.43B	4.66B	4.15B	2.46B	3.38B	1.42B
EBITDA	2.14B	2.43B	2.35B	2.22B	1.74B	1.30B
Net Income	1.60B	1.64B	1.57B	1.46B	1.13B	787.73M
Balance Sheet
Total Assets	0	14.45B	12.85B	11.25B	9.54B	8.24B
Cash, Cash Equivalents and Short-Term Investments	4.55B	4.55B	5.39B	4.71B	2.99B	2.57B
Total Debt	0	145.30M	118.20M	268.61M	244.42M	247.03M
Total Liabilities	-10.82B	3.63B	3.46B	3.20B	2.75B	2.42B
Stockholders Equity	10.82B	10.82B	9.39B	8.05B	6.79B	5.82B
Cash Flow
Free Cash Flow	0	1.28B	1.31B	1.27B	989.81M	223.48M
Operating Cash Flow	0	1.82B	1.75B	1.59B	1.14B	438.93M
Investing Cash Flow	0	-2.16B	-1.54B	-1.09B	-1.11B	-165.61M
Financing Cash Flow	0	-250.00M	-395.53M	-202.37M	-235.30M	-150.33M

Grauer & Weil India Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price80.21

Price Trends

50DMA76.89Positive

100DMA75.59Positive

200DMA71.47Positive

Market Momentum

MACD0.23Positive

RSI52.67Neutral

STOCH70.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRAUWEIL, the sentiment is Positive. The current price of 80.21 is above the 20-day moving average (MA) of 79.62, above the 50-day MA of 76.89, and above the 200-day MA of 71.47, indicating a bullish trend. The MACD of 0.23 indicates Positive momentum. The RSI at 52.67 is Neutral, neither overbought nor oversold. The STOCH value of 70.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GRAUWEIL.

Grauer & Weil India Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GRAUWEIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PIDILITIND	79Outperform	INR 1.49T	55.45	―	1.13%	16.83%	20.50%
IN:GRAUWEIL	75Outperform	INR 36.37B	22.72	―	0.62%	10.06%	6.76%
IN:KANSAINER	66Neutral	INR 142.72B	23.76	―	1.42%	5.24%	-47.04%
IN:AKZOINDIA	62Neutral	INR 120.04B	6.74	―	9.63%	-11.34%	383.49%
IN:BERGEPAINT	59Neutral	INR 542.25B	44.55	―	0.86%	5.22%	6.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SHALPAINTS	46Neutral	INR 6.66B	-9.59	―	―	-10.48%	0.50%

* General Sector Average

Performance Comparison

IN:GRAUWEIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GRAUWEIL	Grauer & Weil India Ltd.	80.21	-2.96	-3.55%
IN:AKZOINDIA	Akzo Nobel India Limited	263.60	-55.52	-17.40%
IN:BERGEPAINT	Berger Paints India Limited	465.05	-68.42	-12.83%
IN:KANSAINER	Kansai Nerolac Paints Limited	176.45	-69.17	-28.16%
IN:PIDILITIND	Pidilite Industries Limited	1460.00	15.40	1.07%
IN:SHALPAINTS	Shalimar Paints Ltd	79.50	2.35	3.05%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 22, 2026

Grauer & Weil India Ltd. AI Stock Analysis