Windsor Machines Ltd.

•

windsormachines.comBSE: 522029NSE: WINDMACHIN

Market Cap₹ 3,144 Cr.

Current Price

High / Low₹ 344 / 201

Stock P/E0.0

Book Value₹ 75

Price to Book4.23

Dividend Yield0.00 %

ROCE0.5 %

ROE-5.4 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Injection Moulding Machinary: 57.1% • Extrusion Machinary Division: 42.9%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on equity of 0.5% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -8.71x)
Company has a low return on capital employed of 4.5%
Interest coverage is weak at 0.4x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	433.35	62.03	150895.22	0.32	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	970.60	89.95	47994.32	0.61	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3634.35	72.98	43305.57	0.55	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	35625.15	57.15	31498.06	0.31	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	1002.85	70.89	22807.13	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	INOXINDIA	2248.45	80.08	20407.72	0.09	580.72	850.16	3707.90	991.77	33.54	20.46
7.	TRITURBINE	577.50	54.59	18358.64	0.74	51.10	-20.65	442.70	19.23	35.95	11.59
8.	AZAD	2775.95	128.99	17927.57	0.00	35.16	19.46	172.60	25.90	12.28	37.29
9.	LLOYDSENGG	84.28	58.44	13072.16	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1547.15	550.12	11623.38	0.13	-108.25	-406.36	1723.44	383.99	8.37	3.27
11.	KRN	1579.75	106.67	10340.80	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	WINDMACHIN	303.90	467.74	3144.13	0.00	-0.91	91.36	148.87	31.35	5.44	4.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66	85	84	106	79	58	107	121	70	87	91	181	1,462
	63	77	75	100	76	54	95	110	68	85	92	171	1,486
Operating Profit	3	8	9	6	3	4	13	11	1	2	-1	9	-24
OPM %	4.14%	9.37%	11.08%	5.47%	4.18%	7.64%	11.76%	9.10%	1.62%	2.09%	-0.56%	5.17%	-1.65%
	1	0	1	0	1	-8	1	0	-11	2	0	3	4
Interest	1	2	2	2	1	1	1	2	1	1	1	2	35
Depreciation	3	4	4	4	4	4	4	5	5	5	6	5	48
Profit before Tax	-1	3	4	0	-2	-9	8	5	-16	-2	-7	5	-20
Tax %	46.15%	38.35%	26.96%	725.00%	21.25%	-168.19%	2.40%	187.53%	-0.19%	-25.53%	-0.44%	55.39%	46.57%
Net Profit	-1	2	3	-0	-1	-23	8	-4	-16	-3	-7	2	-11
	-0.11	0.25	0.46	-0.08	-0.19	-3.61	1.25	-0.51	-1.90	-0.35	-0.79	0.25	-0.12

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	281	300	352	331	244	287	338	350	340	328	505
	254	268	314	306	245	258	301	310	315	305	497
Operating Profit	27	32	38	26	-1	29	37	40	25	23	8
OPM %	9.57%	10.77%	10.69%	7.73%	-0.49%	10.24%	10.82%	11.44%	7.43%	6.87%	1.63%
	6	10	15	-23	-14	0	1	3	3	-2	5
Interest	3	9	12	12	10	8	6	7	7	6	7
Depreciation	4	13	14	14	14	13	13	13	15	18	21
Profit before Tax	26	21	27	-23	-38	8	19	23	6	-3	-6
Tax %	44.15%	42.05%	36.41%	-36.09%	64.04%	-62.92%	26.26%	27.43%	38.01%	-707.98%	-37.12%
Net Profit	14	12	17	-32	-14	13	14	17	3	-25	-9
EPS	0.00	0.00	0.00	0.00	0.00	1.99	2.12	2.59	0.53	-2.99	—
Dividend Payout %	0.00%	39.62%	37.44%	-20.52%	0.00%	50.32%	47.12%	38.55%	94.91%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 6%
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 24%
5 Years:: 59%
3 Years:: 68%
1 Year:: -4%

RETURN ON EQUITY

10 Years:: 3%
5 Years:: 2%
3 Years:: 0%
Last Year:: -5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	13	13	13	17
	61	297	304	264	254	268	277	286	283	625
	24	97	85	71	53	46	26	36	21	30
Trade Payables	45	57	78	72	75	76	80	80	109	67
	60	150	171	192	149	154	144	148	167	276
Total Liabilities	202	614	652	611	543	558	540	563	593	1,015
	34	360	349	345	342	329	317	309	322	332
Capital Work in Progress	5	1	8	7	0	0	0	0	0	21
	32	49	51	16	9	11	9	9	9	343
	46	54	59	64	55	51	54	63	86	105
	0	0	0	0	0	0	0	0	25	12
Cash & Bank	4	4	8	13	4	15	9	10	2	81
	80	146	177	167	132	152	151	171	150	121
Total Assets	202	614	652	611	543	558	540	563	593	1,015

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	28	29	35	44	19	35	25	10	39	-2
Cash from Investing	-15	-84	-6	-3	8	-10	2	-7	-29	-349
Cash from Financing	-8	61	-18	-31	-36	-15	-32	-4	-14	429
	3	-0	4	5	-9	10	-5	-3	-5	78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	2.20	1.89	2.67	-4.87	-2.12	1.99	2.12	2.59	0.53	-2.99
Book Value (₹)	11.32	47.75	48.84	42.63	41.08	43.34	44.59	46.11	45.58	75.99
Dividend per Share (₹)	0.00	0.75	1.00	1.00	0.00	1.00	1.00	1.00	0.50	0.00
Cash EPS (₹)	2.77	3.85	4.75	-2.71	-0.03	4.06	4.16	4.64	2.83	-0.91
PROFITABILITY
Operating Margin %	10.69%	13.04%	14.80%	13.62%	4.46%	10.33%	11.25%	12.35%	7.43%	6.87%
Net Margin %	4.69%	3.74%	4.86%	-9.55%	-5.65%	4.49%	4.08%	4.81%	1.01%	-7.71%
ROE %	21.52%	6.41%	5.53%	-10.65%	-5.07%	4.71%	4.83%	5.72%	1.15%	-5.39%
ROCE %	30.68%	11.93%	9.64%	-2.96%	-8.31%	4.99%	7.69%	9.21%	3.88%	0.47%
	7.84%	3.01%	2.74%	-5.01%	-2.39%	2.34%	2.51%	3.05%	0.59%	-3.14%
EFFICIENCY
Debtor Days	22	23	27	28	18	16	21	30	33	21
Inventory Days	60	56	58	68	89	67	56	61	80	106
Payable Days	82	100	111	127	171	145	127	128	151	154
	0	-22	-26	-32	-64	-62	-49	-38	-38	-27
FINANCIAL HEALTH
Debt to Equity (x)	0.36x	0.31x	0.26x	0.26x	0.20x	0.16x	0.09x	0.12x	0.12x	0.02x
Interest Coverage (x)	8.59x	3.38x	3.26x	-0.96x	-2.87x	1.95x	4.07x	4.44x	1.74x	0.44x
	1.12x	1.41x	1.32x	1.19x	0.59x	0.66x	0.68x	0.84x	0.77x	1.52x
GROWTH
Revenue Growth %	21.28%	6.98%	17.07%	-5.73%	-26.44%	17.82%	17.64%	3.57%	-2.86%	-3.63%
Operating Profit Growth %	76.03%	31.17%	23.37%	-14.57%	-75.92%	173.01%	28.14%	13.67%	-35.49%	-1.42%
Net Profit Growth %	81.36%	-14.13%	41.09%	-282.43%	56.49%	193.74%	6.78%	22.22%	-79.69%	-838.75%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-79.69%	-667.86%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	125.42x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.45x	4.23x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.76%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	16.59x	96.13x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.90	53.91	44.52	44.52	44.52	46.18	46.22	42.95
	1.12	1.89	1.41	1.23	1.06	1.03	1.62	2.31
	0.02	0.15	0.34	0.37	0.68	0.84	0.83	0.73
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	44.95	44.04	53.72	53.88	53.74	51.95	51.32	54.01

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Windsor Machines Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

General Updates

2026-09-02 - Windsor Machines Limited has informed the Exchange about The 63Rd Annual General Meeting, Book Closure And E-Voting

2026-09-02

Shareholders meeting

2026-09-02 - Windsor Machines Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Windsor Machines Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-18

Spurt in Volume

2026-08-18 - Significant increase in volume has been observed in Windsor Machines Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Windsor Machines Limited has submitted their response.

2026-08-18

Spurt in Volume

2026-08-18 - Significant increase in volume has been observed in Windsor Machines Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-12

General Updates

2026-08-12 - Windsor Machines Limited has informed the Exchange about trading approval for 1,04,24,811 Equity shares of face value Rs. 2/- each allotted on preferential basis, from National Stock Exchange of India Limited and BSE Limited.

2026-08-08

Investor Presentation

2026-08-08 - Windsor Machines Limited has informed the Exchange about Investor Presentation

2026-08-08

Statement of deviation(s) or variation(s) under Reg. 32

2026-08-08 - Windsor Machines Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

News

Recent coverage and analyst commentary for WINDMACHIN

Loading news…

🤖

AI Stock Analyst

Windsor Machines Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account