WINDMACHIN

Windsor Machines Limited

CNC machines, injection moulding and extrusion machinery for aerospace and other industries

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

windsormachines.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹291.60
Market cap
2,966 Cr
Stock P/E
441.3
P/B
5.23
Dividend yield
0.0%
ROE (FY26)
0.1%
ROCE (FY26)
1.7%
Operating margin (FY26)
1.8%
Debt / equity (FY26)
0.16
OCF / EBITDA (FY26)
-163.0%
OCF / EBITDA (3Y)
-59.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Windsor Machines builds industrial machinery in India: CNC (computer-controlled) machines for metal cutting and shaping, and plastics-processing machines including injection moulding machines and pipe extrusion and blown film lines.

Company snapshot

31stBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 53.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Energy Storage Systems—0 Cr-0.0097 Cr0.78 Cr
Extrusion Machinery Division
46.8%
50 Cr6 Cr203 Cr
Injection Moulding Machinery
53.9%
58 Cr0.25 Cr123 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.16x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 0.1% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales89 Cr87 Cr109 Cr81 Cr59 Cr108 Cr121 Cr113 Cr137 Cr136 Cr185 Cr149 Cr
Operating expenses (approx.)81 Cr78 Cr106 Cr80 Cr56 Cr99 Cr110 Cr105 Cr128 Cr132 Cr174 Cr143 Cr
EBITDA8 Cr9 Cr4 Cr1 Cr3 Cr9 Cr11 Cr8 Cr8 Cr4 Cr11 Cr6 Cr
OPM %9.5%10.1%3.5%1.4%5.1%8.2%9.1%7.0%6.2%2.9%5.9%4.2%
Other income0.35 Cr0.86 Cr0.08 Cr0.63 Cr0.03 Cr0.85 Cr0.07 Cr0.12 Cr0.74 Cr0.03 Cr3 Cr0.48 Cr
Interest3 Cr3 Cr7 Cr2 Cr3 Cr1 Cr2 Cr1 Cr1 Cr0.72 Cr2 Cr4 Cr
Depreciation4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr5 Cr5 Cr5 Cr6 Cr5 Cr5 Cr
Profit before tax2 Cr3 Cr-7 Cr-4 Cr-22 Cr42 Cr4 Cr-9 Cr6 Cr-3 Cr11 Cr-2 Cr
Tax %41.3%39.7%-8.4%7.7%-66.9%0.5%193.5%-12.6%29.8%-35.0%34.0%49.2%
Net profit1 Cr2 Cr-7 Cr-4 Cr-37 Cr42 Cr-4 Cr-11 Cr4 Cr-4 Cr7 Cr-0.91 Cr
EPS (₹)₹0.22₹0.26₹-1.15₹-0.63₹-5.65₹6.42₹-0.52₹-1.25₹0.51₹-0.45₹0.83₹-0.10

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales382 Cr398 Cr350 Cr283 Cr314 Cr369 Cr377 Cr354 Cr369 Cr570 CrSign in free for the trailing twelve months
Operating expenses (approx.)351 Cr363 Cr337 Cr278 Cr285 Cr340 Cr348 Cr332 Cr345 Cr539 CrSign in free for the trailing twelve months
EBITDA31 Cr36 Cr12 Cr5 Cr29 Cr29 Cr29 Cr22 Cr24 Cr31 CrSign in free for the trailing twelve months
OPM %8.1%9.0%3.5%1.7%9.3%8.0%7.7%6.3%6.5%5.5%Sign in free for the trailing twelve months
Other income11 Cr15 Cr20 Cr12 Cr0.80 Cr3 Cr7 Cr3 Cr2 Cr4 CrSign in free for the trailing twelve months
Interest9 Cr13 Cr13 Cr11 Cr10 Cr11 Cr11 Cr15 Cr8 Cr5 CrSign in free for the trailing twelve months
Depreciation14 Cr16 Cr14 Cr14 Cr14 Cr14 Cr14 Cr16 Cr18 Cr21 CrSign in free for the trailing twelve months
Profit before tax19 Cr22 Cr5 Cr-32 Cr6 Cr7 Cr11 Cr-6 Cr20 Cr5 CrSign in free for the trailing twelve months
Tax %48.0%45.8%157.3%76.5%-85.7%68.8%57.8%-37.3%116.2%86.7%Sign in free for the trailing twelve months
Net profit10 Cr12 Cr-3 Cr-8 Cr11 Cr2 Cr5 Cr-8 Cr-3 Cr0.64 CrSign in free for the trailing twelve months
EPS (₹)₹1.53₹1.84₹-0.47₹-1.16₹1.66₹0.34₹0.71₹-1.19₹-0.47₹0.08Sign in free for the trailing twelve months
Dividend payout %————0.1%288.0%138.0%——17.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr17 Cr18 Cr
Reserves274 Cr290 Cr277 Cr262 Cr273 Cr271 Cr267 Cr254 Cr717 Cr476 Cr
Borrowings83 Cr68 Cr54 Cr38 Cr31 Cr11 Cr36 Cr36 Cr10 Cr80 Cr
Other liabilities232 Cr262 Cr276 Cr245 Cr263 Cr270 Cr255 Cr280 Cr258 Cr310 Cr
Total liabilities602 Cr634 Cr621 Cr568 Cr590 Cr576 Cr582 Cr593 Cr1,002 Cr883 Cr
Fixed assets (net)358 Cr348 Cr345 Cr342 Cr330 Cr318 Cr310 Cr317 Cr307 Cr207 Cr
CWIP1 Cr8 Cr7 Cr0.09 Cr0.09 Cr0.09 Cr0.09 Cr0.09 Cr21 Cr16 Cr
Investments13 Cr10 Cr4 Cr0.07 Cr2 Cr0.02 Cr0.02 Cr0.02 Cr0.0005 Cr0.0005 Cr
Loans & advances——75 Cr0.02 Cr0.0079 Cr0.0005 Cr0 Cr0 Cr43 Cr0.09 Cr
Inventories65 Cr77 Cr85 Cr73 Cr78 Cr78 Cr86 Cr109 Cr144 Cr215 Cr
Trade receivables36 Cr53 Cr29 Cr19 Cr30 Cr40 Cr48 Cr28 Cr25 Cr38 Cr
Cash & bank5 Cr8 Cr14 Cr9 Cr19 Cr10 Cr7 Cr3 Cr92 Cr25 Cr
Other assets124 Cr130 Cr62 Cr124 Cr131 Cr129 Cr130 Cr136 Cr370 Cr382 Cr
Total assets602 Cr634 Cr621 Cr568 Cr590 Cr576 Cr582 Cr593 Cr1,002 Cr883 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity19 Cr23 Cr—24 Cr37 Cr27 Cr12 Cr46 Cr-41 Cr-51 Cr
Cash from investing-80 Cr-2 Cr—8 Cr-10 Cr1 Cr7 Cr-29 Cr-295 Cr-127 Cr
Cash from financing61 Cr-17 Cr—-38 Cr-17 Cr-37 Cr-8 Cr-22 Cr426 Cr112 Cr
Net cash flow0.15 Cr3 Cr—-5 Cr10 Cr-9 Cr11 Cr-5 Cr89 Cr-66 Cr
Free cash flow (OCF − Capex)-28 Cr12 Cr—19 Cr36 Cr25 Cr12 Cr19 Cr-389 Cr-219 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.5%9.5%5.2%-6.5%4.9%5.9%6.6%3.1%3.8%1.7%
ROE %3.5%3.9%-1.0%-2.6%3.6%0.8%1.6%-2.8%1.0%0.1%
Debtor days34483125354047292424
Inventory days111113134161140119127158222196
Days payable108133127175154135132172128127
Cash conversion cycle372937102124411511893
OCF / EBITDA %61.9%63.5%—n.m.126.5%92.3%42.0%208.2%-172.4%-163.0%
OCF / EBITDA % (3 years)—————139.1%87.0%106.3%23.0%-59.4%
Debt / equity0.290.220.190.140.110.040.130.130.010.16
Current ratio1.491.391.200.640.700.750.830.781.781.28
Net debt / EBITDA2.54—3.285.880.410.040.981.47-3.411.74