MarketFriction

Windsor Machines Ltd

NSE WINDMACHIN · BSE 522029 · Industrial Products
₹293.15 -2.35%
NSE close2026-10-01
52 week range200.65 - 343.90
Market cap₹3,101 Cr.
P/E1,041
Price band 20% Delivery 45.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales89.2787.03109.3880.8359.41107.65120.82113.34136.64135.83184.64148.87
Expenses80.8178.28105.5179.6756.3898.88109.83105.36128.14131.86173.68142.56
Operating Profit8.468.753.871.163.038.7710.997.988.503.9710.966.31
OPM %9.48%10.05%3.54%1.44%5.10%8.15%9.10%7.04%6.22%2.92%5.94%4.24%
Other Income0.350.860.080.63-17.7038.760.26-11.503.400.037.620.48
Interest2.742.676.801.893.011.401.731.101.030.722.253.50
Depreciation3.604.174.054.324.294.255.094.744.766.165.375.08
Profit before tax2.472.77-6.90-4.42-21.9741.884.43-9.366.11-2.8810.96-1.79
Tax %41.30%39.71%8.41%-7.69%66.91%0.50%193.45%12.61%29.95%-4.86%33.94%-49.16%
Net Profit1.451.67-7.48-4.08-36.6841.67-4.14-10.544.29-2.747.24-0.91
EPS in Rs0.220.26-1.15-0.63-4.016.42-0.49-1.250.51-0.310.82-0.09
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales309354393350283314369376354369570606
Expenses291323357337278285339348332344539576
Operating Profit17313613629302822243230
OPM %6%9%9%3.6%1.9%9%8%7%6%7%6%4.9%
Other Income6111520-12138322-012
Interest3913131111111115958
Depreciation51416141414141416182121
Profit before tax1519225-326711-620512
Tax %78%48%45%157%-77%-86%69%58%37%116%87%
Net Profit31012-3-81125-8-318
EPS in Rs0.501.531.86-0.47-1.131.670.350.72-1.190.880.070.93
Dividend Payout %0%49%54%-214%0%60%289%139%-42%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%13%15%51%
Compounded Profit Growth-2%-26%-19%114%
Stock Price CAGR24%59%58%5%
Return on Equity1%-1%-2%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131718
Reserves3739274286277262273271267254404476
Borrowings302795837253462636363586
Other Liabilities94125220251259240258265266291233304
Total Liabilities174205602634621568590576582593689883
Fixed Assets4038363351347345332320311323338255
CWIP1518719191919192116
Investments311310130200000
Other Assets130160225265253205238237251251330612
Total Assets174205602634621568590576582593689883
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-16141923382437271246-41-51
Cash from Investing Activity-18-3-80-208-101-7-29-295-127
Cash from Financing Activity21-861-17-32-38-17-37-8-22426112
Net Cash Flow-133036-510-9-2-589-66
Free Cash Flow-346-31228193625619-389-225
CFO/OP-312%91%80%82%338%436%125%91%51%257%-140%-113%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days304137493125354047292424
Inventory Days14511493116138154143118127172221195
Days Payable919890136131168157134132187127126
Cash Conversion Cycle8457392937112124421411893
Working Capital Days3820504919-92-94-56-41-464524
ROCE %6%22%12%9%5%1%5%6%7%3%2%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.52%58.52%58.52%58.52%53.90%53.91%44.52%44.52%44.52%46.18%46.22%42.95%
FIIs0.11%0.11%0.11%0.27%1.12%1.89%1.41%1.23%1.06%1.03%1.62%2.31%
DIIs0.02%0.02%0.02%0.02%0.07%0.15%1.86%2.12%2.50%2.56%2.57%0.73%
Public41.34%41.34%41.34%41.17%44.90%44.04%52.21%52.12%51.92%50.22%49.59%54.01%
No. of Shareholders17,20117,07417,78520,38220,28622,41720,70521,28020,94420,61719,82419,702

Fundamentals

Market Cap₹ 3,101 Cr.
Current Price₹ 300
Stock P/E1,041
Book Value₹ 56.2
ROCE2.61 %
ROE0.54 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)51%
Compounded Profit Growth (TTM)114%
Consolidated figures.
Valuation
Market capRs 2,595 Cr
Enterprise valueRs 2,647 Cr
P/E (TTM)329.32x
Price to book5.26x
Price to sales4.28x
EV / EBITDA64.15x
EV / EBIT133.04x
EV / sales4.37x
Earnings yield0.30%
P/E, 3-year average1603.97x
P/B, 3-year average3.92x
P/E, 5-year average843.58x
P/B, 5-year average2.70x
Profitability
Operating margin (excl. other income)5.57%
Operating margin (incl. other income)5.48%
EBITDA margin6.81%
Pre-tax margin2.05%
Net profit margin1.30%
Net margin, latest quarter-0.61%
ROE0.14%
ROCE1.98%
ROA0.08%
ROE, 3-year average-0.17%
ROCE, 3-year average4.21%
ROA, 3-year average-0.02%
ROE, 5-year average0.38%
ROCE, 5-year average5.07%
ROA, 5-year average0.22%
ROIC (approx.)0.49%
Tax rate86.51%
Other income / net worth-0.10%
Growth
Sales growth (latest year)54.72%
Profit growth (latest year)-91.37%
Sales CAGR, 3 years14.88%
Sales CAGR, 5 years12.65%
Profit CAGR, 3 years-48.41%
Profit CAGR, 5 years-43.20%
Sales growth QoQ-19.37%
Profit growth QoQ-112.57%
Sales growth YoY (latest quarter)31.35%
Per share
EPS (TTM)Rs 0.89
EPS (latest year)Rs 0.07
EPS (latest quarter)Rs -0.10
EPS, 3-year averageRs -0.08
EPS, 5-year averageRs 0.17
Book value per shareRs 55.73
Sales per shareRs 68.46
Cash flow per shareRs -5.79
Free cash flow per shareRs -25.42
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.83
Dividends
Dividend payout, 5-year average214.19%
Efficiency
Asset turnover0.65x
Fixed asset turnover2.24x
Inventory turnover1.95x
Inventory days187 days
Debtor days24 days
Debtors turnover14.95x
Creditor days126 days
Cash conversion cycle93 days
Working capital days24 days
Leverage
Total debtRs 86 Cr
Cash and bankRs 34 Cr
Net debtRs 52 Cr
Debt to equity0.17x
Net debt / EBITDA1.27x
Interest coverage2.65x
Current ratio (filing 2026-03-31)1.28x
Quick ratio (filing 2026-03-31)0.43x
Trade payables (filing 2026-03-31)Rs 139 Cr
Owners' fund to total sources55.84%
Debt to assets9.77%
Cash flow
Cash from Operating Activity (latest year)Rs -51 Cr
Cash from Investing Activity (latest year)Rs -127 Cr
Cash from Financing Activity (latest year)Rs 112 Cr
Net Cash Flow (latest year)Rs -66 Cr
Free cash flow (latest year)Rs -225 Cr
FCFE (approx.: FCF + change in debt)Rs -174 Cr
Statement figures
Net sales (TTM)Rs 606 Cr
Net sales (latest year)Rs 570 Cr
Sales (latest quarter)Rs 149 Cr
Operating profit excl. other income (latest year)Rs 32 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 41 Cr
PBDT (TTM)Rs 34 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 21 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 420 Cr
Total expenditure (latest year)Rs 539 Cr
Total income (latest year)Rs 570 Cr
Share capitalRs 18 Cr
ReservesRs 476 Cr
Shareholders' fundsRs 493 Cr
Total assetsRs 883 Cr
Net blockRs 255 Cr
Capital work in progressRs 16 Cr
ReceivablesRs 38 Cr
InventoryRs 215 Cr
Other liabilitiesRs 304 Cr
Shares outstanding (crore)8.85
Ownership
Promoter holding42.95% (-1.57 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 329.3 is at the 95th percentile of its own 5.5-year range (median 78.0, low 22.0, high 345.4).
P/B 5.26 is at the 77th percentile (median 1.92).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWINDMACHINNifty 50Difference
1 week-2.6%-2.8% +0.2 pts
1 month-4.7%-6.8% +2.1 pts
3 months-4.8%-7.6% +2.8 pts
6 months+42.6%+0.4% +42.2 pts
1 year+0.5%-9.9% +10.4 pts
2 years+42.4%-13.6% +56.0 pts
3 years+286.2%+14.2% +272.1 pts
5 years+861.1%+27.9% +833.3 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -12819% of net profit over the last 3 years
explainShare dilution Share count up 4% in a year, 35% in three
explainDebt up, profit down Borrowings up 148% while net profit fell in 2026
lookAuditor change Auditor change 2026-05-09: Windsor Machines Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹149 Cr +31.3% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales -5.8%, profit -202.6% in line. Our estimate for Sep 2026: sales Rs 194 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-27Annual General Meeting/Dividend - Re 0.50 Per Share
2023-09-22Annual General Meeting/Dividend - Re 1 Per Share
2022-09-22Annual General Meeting/Dividend - Re 1 Per Share
2021-09-15 Annual General Meeting/Dividend - Re 1 Per Share
2020-09-22 Annual General Meeting
2019-09-16 Annual General Meeting/Dividend - Re 1 Per Share
2018-09-03 Annual General Meeting/Dividend Re 1 Per Share
2017-09-18 Dividend - Re 0.75 Per Share
2016-09-22 Annual General Meeting
2015-09-23 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-16Annual General Meeting
2012-09-17Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingWindsor Machines Limited has submitted the Exchange e-Voting Result of 63rd Annual General Meeting ( AGM ) of Windsor Machines Limited held on Septemb...
2026-09-29Shareholder meetingProceedings/outcome of 63rd Annual General Meeting of Windsor Machines Limited held on September 29, 2026 commenced at 02:04 pm (IST) and ended at 02:...
2026-09-19General UpdatesDisclosure for the Reconstitution of Stakeholders Relationship Committee .
2026-09-16General UpdatesTrading approval for 17,32,405 Equity shares of face value Rs. 2/- each allotted pursuant to conversion of warrants on preferential basis, from Nation...
2026-09-02General UpdatesThe 63Rd Annual General Meeting, Book Closure And E-Voting
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-08-18Volume querySignificant increase in volume has been observed in Windsor Machines Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-08-18Volume querySignificant increase in volume has been observed in Windsor Machines Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-08-12General UpdatesTrading approval for 1,04,24,811 Equity shares of face value Rs. 2/- each allotted on preferential basis, from National Stock Exchange of India Limite...
2026-08-08Investor PresentationInvestor Presentation
2026-08-08Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-08Monitoring Agency ReportPlease find enclosed the Monitoring Agency Report for the quarter ended June 30, 2026.
2026-08-08Board meeting outcomeWindsor Machines Limited has submitted to the Exchange, the outcome of the meeting of the Board of Directors of the Company held August 08, 2026 where...
2026-07-15Change in ManagementChange in Management pursuant to the SEBI LODR Regulations
2026-07-15Board meeting outcomeOutcome of Board Meeting held on July 15, 2026.
2026-07-07Disclosure under SEBI TakeovPlutus Investments and Holding Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchang...
2026-07-06General UpdatesIntimation of allotment of equity shares on conversion of warrants as per SEBI ICDR Regulations and SEBI LODR Regulations
2026-06-29Shareholder meetingVoting results.
2026-06-25General UpdatesIntimation Of Trading Approval For 27,80,000 Equity Shares Of Face Value Rs. 2/- Each Received From National Stock Exchange Of India Limited And BSE L...
2026-06-19General UpdatesIntimation of allotment of equity shares on conversion of warrants as per SEBI ICDR Regulations and SEBI LODR Regulations
2026-06-11General UpdatesThe intimation of Trading approval for 7,00,000 equity shares of face value Rs. 2/- each received from National Stock Exchange of India Limited and BS...
2026-06-10Volume querySignificant increase in volume has been observed in Windsor Machines Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-06-09Volume querySignificant increase in volume has been observed in Windsor Machines Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-05-28Shareholder meetingNotice dated May 09, 2026 of Postal Ballot pursuant to the SEBI LODR Regulations
2026-05-23General UpdatesIntimation regarding the Completion of the Acquisition of the Non-agriculture Land located at Chibhda, Rajkot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Windsor Machines Ltd?

Windsor Machines Ltd (WINDMACHIN) has a market capitalisation of Rs 3,101 Cr. at the 2026-10-01 close.

What is the P/E ratio of Windsor Machines Ltd?

Windsor Machines Ltd trades at a P/E of 1,041 on trailing twelve-month profit, at the 2026-10-01 close.

What were Windsor Machines Ltd's latest quarterly results?

In the Jun 2026 quarter, Windsor Machines Ltd sales was Rs 149 Cr (+31.3% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Windsor Machines Ltd?

The 52-week high is Rs 343.90 and the 52-week low is Rs 200.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03