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Windsor Machines Ltd (WINDMACHIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522029 NSE: WINDMACHIN Engineering - Industrial Equipments | Small Cap | Windsor Machines Share Price

₹310 6.20 (2.04%)

As on 02-Jul'26 16:59

Windsor Machines Ltd (WINDMACHIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522029 NSE: WINDMACHIN Engineering - Industrial Equipments | Small Cap | Windsor Machines Share Price

₹310 6.20 (2.04%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,154 Cr.
Current Price
₹310
52-Week Low / High
₹200 / 397
TTM EPS
₹-0.4
TTM Sales
₹567 Cr.
Book Value per Share
₹72.9
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
59.3
Price to Book (P/B)
4.25
Higher than its 5-year historical median
Price to Sales (P/S)
5.57
Higher than its 5-year historical median
EV/EBITDA
95.36
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-5.39%
Underperforms industry median
Return on Capital Employed (ROCE)
0.47%
Underperforms industry median
Return on Assets (ROA)
-3.14%
Operating Profit Margin
6.9%
Net Profit Margin
-7.71%
Gross Profit Margin
6.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.63%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-10.89%
Net Profit Growth (1 Year)
-
-838.89%
Asset Quality
Promoter Holding
46.22%
Pledged shares (%) of Promoter's holding (%)
39.35%
Reserves
₹721 Cr.
Equity
₹20.4 Cr.
Face Value
₹2
All Time Low / High
₹1.35 / 440.75

Windsor Machines stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Windsor Machines Ltd a good quality company?
Windsor Machines Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Windsor Machines Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Windsor Machines Ltd vs industry peers?
Windsor Machines Ltd revenue CAGR is 6.09%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Windsor Machines Ltd?
Promoters hold 46.22% of the Windsor Machines Ltd, with 39.35% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Windsor Machines Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.9% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 30.7%11.9%9.6%-3%-8.3%5%7.7%9.2%3.9%0.5%-
Value Creation
Index
1.2-0.2-0.3-1.2-1.6-0.6-0.5-0.3-0.7-1.0-

Growth Parameters

Sales 281300352331244287338350340328567
Sales YoY Gr.-7%17.1%-5.7%-26.4%17.8%17.6%3.6%-2.9%-3.6%-
Adj EPS 2.21.92.6-0.30.722.12.50.4-2.2-0.4
YoY Gr.--13.9%40.3%-111.5%NA201.5%6.5%16.5%-84.2%-659%-
BVPS (₹) 11.347.848.842.641.143.344.646.145.67672.9
Adj Net
Profit
1412.117-24.312.913.8162.6-18.4-4
Cash Flow from Ops. 2622.528.139.119.435.224.97.438.6-2.4-
Debt/CF from Ops. 14.22.91.82.71.31.14.80.9-4.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.7%6.1%-1%-3.6%
Adj EPS -200.1%-227%-200.9%-659%
BVPS23.6%13.1%19.5%66.7%
Share Price 24.2% 50.9% 74.7% -18.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
216.35.3-0.61.54.74.85.50.9-3.6-0.6
Op. Profit
Mgn %
9.610.910.77.7-0.410.210.811.57.46.92.8
Net Profit
Mgn %
544.8-0.61.84.54.14.60.8-5.6-0.8
Debt to
Equity
0.40.30.30.30.20.20.10.10.100.1
Working Cap
Days
13818122325731324822022926627883
Cash Conv.
Cycle
19855-8-22-17-46197

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales281300352331244287338350340328
Operating Expenses + 254268314306245258301310315305
Manufacturing Costs911111210810111413
Material Costs182186223215156190225228228209
Employee Cost 35394344424143454647
Other Costs 28313735361923272736
Operating Profit 27323826-12937402523
Operating Profit Margin (%) 9.6%10.8%10.7%7.7%-0.5%10.2%10.8%11.4%7.4%6.9%
Other Income + 61015201201335
Exceptional Items 000-43-260000-7
Interest 3912121086776
Depreciation 4131414141313131518
Profit Before Tax 262127-23-38819236-3
Tax 119108-25-556222
Profit After Tax 141217-32-141314173-25
PAT Margin (%) 5.1%4.1%4.9%-9.6%-5.7%4.5%4.1%4.8%1.0%-7.7%
Adjusted EPS (₹)2.21.92.7-4.9-2.12.02.12.60.5-3.0
Dividend Payout Ratio (%)0%39.60%37.40%-20.50%0%50.30%47.10%38.60%94.90%0%

Valuation of Windsor Machines - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 73310317277267281290299296642
Share Capital 13131313131313131317
Reserves 61297304264254268277286283625
Debt +2083675438301124218
Long Term Debt1578634734251124217
Short Term Debt5556450001
Minority Interest0000000000
Trade Payables455778727576808010967
Others Liabilities 64164189209164170160160167298
Total Liabilities 2026146526115435585405635931,015

Fixed Assets

Net Fixed Assets +34360349345342329317309322332
Gross Block89422425434445445439437464485
Accumulated Depreciation55627690103116122128142154
CWIP 51870000021
Investments 32495116911999343
Inventories465459645551546386105
Trade Receivables2219331761920372512
Cash Equivalents 44813415910281
Others Assets 58127144150126133131134150121
Total Assets 2026146526115435585405635931,015

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 26232839193525739-2
PBT 262127-23-38819236-3
Adjustment 2111050442220212328
Changes in Working Capital 1-4-217145-13-3522-25
Tax Paid -2-6-7-5000-2-11-3
Cash Flow From Investing Activity + -15-84-6-38-102-7-29-349
Capex -11-21-9-9-4-1-1-6-27-49
Net Investments -8-17-0-74-2200-343
Others 4-463138-81-1-243
Cash Flow From Financing Activity + -861-18-31-36-15-32-4-14429
Net Proceeds from Shares 000000000462
Net Proceeds from Borrowing 070-11-13-16-8-15148-14
Interest Paid -3-9-12-12-10-8-6-7-7-5
Dividend Paid 00-5-6-6-0-6-6-6-3
Others -5-0100-41-5-4-8-11
Net Cash Flow 3-045-910-5-3-578

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.526.415.53-10.65-5.074.714.835.721.15-5.39
ROCE (%)30.6811.939.64-2.96-8.314.997.699.213.880.47
Asset Turnover Ratio1.670.80.560.520.420.520.620.630.590.41
PAT to CFO Conversion(x)1.861.921.65N/AN/A2.691.790.4113N/A
Working Capital Days
Receivable Days22.4022.9026.7027.6017.5016.1021.1029.6033.2020.70
Inventory Days60.2055.8057.9067.6088.9067.1056.3060.8079.80106.10
Payable Days82.20100.30110.70127.10170.90145.30126.90127.90150.80153.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.008.577.987.9828.1940.0439.35
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Windsor Machines Ltd FAQs

The current trading price of Windsor Machines on 02-Jul-2026 16:59 is ₹310.0.

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 01-Jul-2026 the market cap of Windsor Machines stood at ₹3,153.5 Cr

The latest P/E ratio of Windsor Machines as of 01-Jul-2026 is 0.00.

The latest P/B ratio of Windsor Machines as of 01-Jul-2026 is 4.25.

The 52-week high of Windsor Machines is ₹396.6 and the 52-week low is ₹199.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Windsor Machines is ₹567 ( Cr.) .

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

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

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.

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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