Windsor Machines Ltd - Stock Valuation and Financial Performance

BSE: 522029 | NSE: WINDMACHIN | Engineering - Industrial Equipments | Small Cap

Windsor Machines Share Price

78.90 1.24 1.60%
as on 12-Apr'24 10:15

DeciZen - make an informed investing decision on Windsor Machines

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Windsor Machines stock performance -

mw4me loader
P/E Ratio (SA):
43.52
Market Cap:
504.3 Cr.
52-wk low:
38.6
52-wk high:
104.9

Is Windsor Machines Ltd an attractive stock to invest in?

1. Is Windsor Machines Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Windsor Machines Ltd is a average quality company.

2. Is Windsor Machines Ltd undervalued or overvalued?

The key valuation ratios of Windsor Machines Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Windsor Machines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Windsor Machines Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Windsor Machines:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Windsor Machines Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 39.4%13%17.3%7.3%6.2%1.6%3.3%5.8%5.6%6.6%-
Value Creation
Index
1.8-0.10.2-0.5-0.6-0.9-0.8-0.6-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 239231281300352331244287338351358
Sales YoY Gr.--3%21.3%7%17.1%-5.7%-26.4%17.8%17.6%3.9%-
Adj EPS 31.12.21.92.6-0.30.722.12.61.8
YoY Gr.--61.7%89.5%-13.9%40.3%-111.5%NA201.5%6.5%22.6%-
BVPS (₹) 8.19.211.347.848.842.641.143.344.646.145.7
Adj Net
Profit
19.47.41412.117-24.312.913.816.912
Cash Flow from Ops. 16.6-8.22622.528.139.119.435.224.97.4-
Debt/CF from Ops. 0.3-3.614.22.91.82.71.31.14.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.4%-0%12.9%3.9%
Adj EPS -1.5%-0.1%57.9%22.6%
BVPS21.4%-1.1%3.9%3.4%
Share Price 10.5% 3.1% 40.2% 93.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
45.513.2216.35.3-0.61.54.74.85.73.9
Op. Profit
Mgn %
10.46.29.610.910.77.7-0.410.210.811.89.8
Net Profit
Mgn %
8.13.2544.8-0.61.84.54.14.83.2
Debt to
Equity
0.10.50.40.30.30.30.20.20.10.1-
Working Cap
Days
9813013818122325731324822022855
Cash Conv.
Cycle
143219855-8-22-17-4-17

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.94%

Net Profit is growing at healthy rate in last 3 years 57.93%

Return on Equity has declined versus last 3 years average to 3.90%

Sales growth is not so good in last 4 quarters at 4.82%

Latest Financials - Windsor Machines Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 1.4
TTM Sales (₹ Cr.) 358 372
BVPS (₹.) 45.7 42.3
Reserves (₹ Cr.) 284 262
P/BV 1.70 1.83
PE 43.52 55.66
From the Market
52 Week Low / High (₹) 38.60 / 104.85
All Time Low / High (₹) 1.35 / 159.90
Market Cap (₹ Cr.) 504
Equity (₹ Cr.) 13
Face Value (₹) 2
Industry PE 50

Management X-Ray of Windsor Machines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *51.2651.2651.2651.2651.260.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Windsor Machines

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales239231281300352331244287338351
Operating Expenses 214217254268314306245258301310
Manufacturing Costs71091111121081011
Material Costs156147182186223215156190225228
Employee Cost 27323539434442414345
Other Costs 24282831373536192327
Operating Profit 251427323826-1293741
Operating Profit Margin (%) 10.4%6.2%9.6%10.8%10.7%7.7%-0.5%10.2%10.8%11.7%
Other Income 64610152012012
Interest 2339121210867
Depreciation 34413141414131313
Exceptional Items 00000-43-26000
Profit Before Tax 2611262127-23-3881923
Tax 74119108-25-556
Profit After Tax 208141217-32-14131417
PAT Margin (%) 8.2%3.4%5.1%4.1%4.9%-9.5%-5.6%4.5%4.1%4.8%
Adjusted EPS (₹)3.01.22.21.92.7-4.9-2.12.02.12.6
Dividend Payout Ratio (%)0%0%0%40%37%-21%0%50%47%39%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 526073310317277267281290299
Share Capital 13131313131313131313
Reserves 394761297304264254268277286
Minority Interest0000000000
Debt0252083675438301124
Long Term Debt0211578634734251124
Short Term Debt0555564500
Trade Payables41374557787275768080
Others Liabilities 284164164189209164170160160
Total Liabilities 121163202614652611543558540563

Fixed Assets

Gross Block698389422425434445445439437
Accumulated Depreciation475255627690103116122128
Net Fixed Assets223134360349345342329317309
CWIP 0151870000
Investments 13253249511691199
Inventories43544654596455515463
Trade Receivables2016221933176192037
Cash Equivalents 13244813415910
Others Assets103558127144150126133131134
Total Assets 121163202614652611543558540563

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 17-8262328391935257
PBT 2611262127-23-3881923
Adjustment 24211105044222021
Changes in Working Capital -12-241-4-217145-13-35
Tax Paid 00-2-6-7-5000-2
Cash Flow From Investing Activity -18-25-15-84-6-38-102-7
Capex -6-16-11-21-9-9-4-1-1-6
Net Investments -13-11-8-170-74-220
Others 224-463138-81-1
Cash Flow From Financing Activity -721-861-18-31-36-15-32-4
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00070-11-13-16-8-159
Interest Paid -1-3-3-9-12-12-10-8-6-7
Dividend Paid 0000-5-6-60-6-6
Others -624-50100-41-50
Net Cash Flow -9-123045-910-5-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)45.9814.121.526.415.53-10.65-5.074.714.835.72
ROCE (%)5419.6930.6811.939.64-2.96-8.314.997.699.21
Asset Turnover Ratio2.281.761.670.80.560.520.420.520.620.64
PAT to CFO Conversion(x)0.85-11.861.921.65N/AN/A2.691.790.41
Working Capital Days
Receivable Days22262223272818162130
Inventory Days59716056586889675661
Payable Days869082100111127171145127128

Windsor Machines Ltd Stock News

Windsor Machines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Windsor Machines on 12-Apr-2024 10:15 is ₹78.90.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:15 the market cap of Windsor Machines stood at ₹504.3.
The latest P/E ratio of Windsor Machines as of 12-Apr-2024 10:15 is 43.52.
The latest P/B ratio of Windsor Machines as of 12-Apr-2024 10:15 is 1.70.
The 52-week high of Windsor Machines is ₹104.8 and the 52-week low is ₹38.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Windsor Machines is ₹358.3 ( Cr.) .

About Windsor Machines Ltd

Windsor Machines Ltd set up operations at Thane (near Mumbai) in 1964 in collaboration with R H Windsor of UK In 1984, Klockner-Werke of Germany made the company a part of its world-wide operations and renamed it Klockner Windsor India Limited. Subsequent to the disinvestment of equity by Klockner to Dilip G Piramal in 1994, the company acquired the status of being member of one of India's largest business houses, the DGP Group, and was initially named as  DGP Windsor India limited, since year 2005 been renamed as Windsor Machines Limited.

Today, Windsor Machines runs three state-of-the-art manufacturing facilities at Thane, Chhatral  and Vatva. Windsor Machines has grown to become the largest manufacturer of plastic processing machinery in India with 775 employees and  three state-of-the-art production centers.

At all these centers, a wide range of plastic processing machinery including Injection moulding, blow moulding and extrusion lines are built, striking the  right balance between the requirements of the market as well as the customer -- maintaining the highest standards of accuracy all along the way.

The spectrum of applications offered by these machines has widened the horizons for potential market penetration and growth. Precision, functional reliability and rapid product cycles of Windsor machines have become the benchmark for several other companies which are in their respective pursuit of excellence.

Currently, Windsor has a global installation base of over 13,500 machines. These installations are spread over several countries in Africa, the Middle East, CIS, South Asia and the Far East, apart from Australia, New Zealand and the highly developed markets of Europe and USA. 

Product range of the company includes:

Injection moulding machine

  • SPRINT (350 T - 850 T)
  • SPH (130 T - 350 T)
  • Sumo Smart (80 T - 350 T)
  • POLO Smart (130 T - 350 T)
  • POLO Smart - R (130T - 350T)
  • POLO Smart - TC (130 T - 250 T)

Blow moulding machine

  • KBM Series
  • DIGIBLO Series

Extrusion machine

  • Blown Film Plant
  • RPVC Pipe Plant
  • HDPE Pipe Plant
  • PP Film Plant
  • Compounding Lines
  • Coating & Lamination
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