Windsor Machines Ltd
Incorporated in 1963, Windsor Machines
Ltd is in the business of manufacturing
plastic processing machinery[1]
- Market Cap ₹ 1,913 Cr.
- Current Price ₹ 218
- High / Low ₹ 410 / 200
- Stock P/E
- Book Value ₹ 83.6
- Dividend Yield 0.00 %
- ROCE 1.46 %
- ROE -2.38 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 33.5 to 24.3 days.
- Promoter holding has increased by 1.66% over last quarter.
Cons
- Stock is trading at 2.61 times its book value
- The company has delivered a poor sales growth of 5.43% over past five years.
- Company has a low return on equity of -1.45% over last 3 years.
- Promoters have pledged 40.0% of their holding.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -12.3%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 252 | 259 | 309 | 354 | 393 | 350 | 283 | 314 | 369 | 376 | 354 | 369 | 507 | |
| 229 | 254 | 291 | 323 | 357 | 337 | 278 | 285 | 339 | 348 | 332 | 344 | 475 | |
| Operating Profit | 23 | 5 | 17 | 31 | 36 | 13 | 6 | 29 | 30 | 28 | 22 | 24 | 31 |
| OPM % | 9% | 2% | 6% | 9% | 9% | 4% | 2% | 9% | 8% | 7% | 6% | 7% | 6% |
| 6 | 5 | 6 | 11 | 15 | 20 | -12 | 1 | 3 | 8 | 3 | 22 | -8 | |
| Interest | 2 | 3 | 3 | 9 | 13 | 13 | 11 | 11 | 11 | 11 | 15 | 9 | 5 |
| Depreciation | 3 | 6 | 5 | 14 | 16 | 14 | 14 | 14 | 14 | 14 | 16 | 18 | 21 |
| Profit before tax | 24 | 1 | 15 | 19 | 22 | 5 | -32 | 6 | 7 | 11 | -6 | 20 | -2 |
| Tax % | 29% | 326% | 78% | 48% | 45% | 157% | -77% | -86% | 69% | 58% | 37% | 116% | |
| 17 | -2 | 3 | 10 | 12 | -3 | -8 | 11 | 2 | 5 | -8 | -3 | -14 | |
| EPS in Rs | 2.61 | -0.33 | 0.50 | 1.53 | 1.86 | -0.47 | -1.13 | 1.67 | 0.35 | 0.72 | -1.19 | 0.88 | -1.68 |
| Dividend Payout % | 0% | 0% | 0% | 49% | 54% | -214% | 0% | 60% | 289% | 139% | -42% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 0% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 47% |
| 3 Years: | 78% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 0% |
| 3 Years: | -1% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 17 | 17 |
| Reserves | 38 | 37 | 39 | 274 | 286 | 277 | 262 | 273 | 271 | 267 | 254 | 717 | 711 |
| 6 | 30 | 27 | 95 | 83 | 72 | 53 | 46 | 26 | 36 | 36 | 35 | 18 | |
| 91 | 94 | 125 | 220 | 251 | 259 | 240 | 258 | 265 | 266 | 291 | 233 | 266 | |
| Total Liabilities | 148 | 174 | 205 | 602 | 634 | 621 | 568 | 590 | 576 | 582 | 593 | 1,002 | 1,012 |
| 31 | 40 | 38 | 363 | 351 | 347 | 345 | 332 | 320 | 311 | 323 | 652 | 643 | |
| CWIP | 0 | 1 | 5 | 1 | 8 | 7 | 19 | 19 | 19 | 19 | 19 | 21 | 100 |
| Investments | 0 | 3 | 1 | 13 | 10 | 13 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| 116 | 130 | 160 | 225 | 265 | 253 | 205 | 238 | 237 | 251 | 251 | 330 | 269 | |
| Total Assets | 148 | 174 | 205 | 602 | 634 | 621 | 568 | 590 | 576 | 582 | 593 | 1,002 | 1,012 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | -16 | 14 | 19 | 23 | 38 | 24 | 37 | 27 | 12 | 46 | -41 | |
| -15 | -18 | -3 | -80 | -2 | 0 | 8 | -10 | 1 | -7 | -29 | -295 | |
| -4 | 21 | -8 | 61 | -17 | -32 | -38 | -17 | -37 | -8 | -22 | 426 | |
| Net Cash Flow | -7 | -13 | 3 | 0 | 3 | 6 | -5 | 10 | -9 | -2 | -5 | 89 |
| Free Cash Flow | -5 | -34 | 6 | -3 | 12 | 28 | 19 | 36 | 25 | 6 | 19 | -389 |
| CFO/OP | 49% | -312% | 91% | 80% | 82% | 338% | 436% | 125% | 91% | 51% | 257% | -140% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 30 | 41 | 37 | 49 | 31 | 25 | 35 | 40 | 47 | 29 | 24 |
| Inventory Days | 135 | 145 | 114 | 93 | 116 | 138 | 154 | 143 | 118 | 127 | 172 | 221 |
| Days Payable | 105 | 91 | 98 | 90 | 136 | 131 | 168 | 157 | 134 | 132 | 187 | 127 |
| Cash Conversion Cycle | 64 | 84 | 57 | 39 | 29 | 37 | 11 | 21 | 24 | 42 | 14 | 118 |
| Working Capital Days | -2 | 38 | 20 | 50 | 49 | 19 | -92 | -94 | -56 | -41 | -46 | 48 |
| ROCE % | 6% | 22% | 12% | 9% | 5% | 1% | 5% | 6% | 7% | 3% | 1% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Machines Sold Units ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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| Historical Installation Base Units ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
1d - NCLT-sanctioned amalgamation effective March 31, 2026; Global CNC merged; MOA objects and authorised capital amended.
-
Intimation Of Effectiveness Of The Scheme Of Amalgamation And Submission Of The Amended Memorandum Of Association Of The Company.
1d - Scheme effective March 31, 2026; NCLT order March 19, 2026; Global CNC merged into Windsor; MoA amended.
-
Update
1d - Manufacturing commenced at Chibhda, Rajkot (pipe extrusion, blown film) on March 31, 2026; full transition by June 30.
-
Announcement under Regulation 30 (LODR)-Allotment
27 Mar - 7,00,000 warrants converted to shares at ₹191.85 each; ₹10.07 crore received; issued capital increased.
- Closure of Trading Window 24 Mar
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2022
from web
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
Product & Apllication:[1]
a) Injection Moulding:
KL Series, Excel Series, Armour Series, Sprint Series, WINPACK Series, WINX Series. Applications ranging from households,
therm-oware, furniture, healthcare, white goods, electrical & electronics, automobile industry.
b) Pipe Extrusion:
Speed Series, KTS Series, Agile Series,
CTS Series. Applied in agriculture, drip irrigation, and potable drinking water solutions
c) Blown Film:
Magnate Series, Baron POD Series,
Baron Series, Rex Series, Duke Series.
This is used in Lamination film, milk pouches, edible oil packaging, shrink & stretch wrap films, surface protection films, agricultural
films and a variety of barrier films