Windsor Machines Limited
NSE: WINDMACHIN · Industrial Products · sector
₹281.15NSE close 2026-10-26
Key numbers
Market cap₹2,860 cr
Price₹281.15
52w high / low₹344 / ₹201
P/E355.9xSector median 24.2x
P/B5.8xSector median 2.8x
Book value₹48.5
Dividend yield0.00%Sector median 0.50%
ROE1.6%Sector median 11.5%
ROCE3.5%Sector median 13.4%
OPM6.1%Sector median 10.3%
Debt / equity0.16xSector median 0.17x
EV/EBITDA78.4xSector median 16.7x
Interest cover2.6x
Current ratio1.28x
Sales growth 3y+14.8%Sector median +10.2%
Profit growth 3y-48.3%Sector median +12.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹34 cr vs borrowings ₹80 cr (FY26): borrowings are higher by ₹46 cr.
- Operating profit covered interest 2.6x in the last 12 months.
- 46.92% of the promoters' shares are pledged (20.6% of all shares).
- Promoter holding fell by 0.61 percentage points in a year, to 43.91% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 42% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹281.15 on 2026-10-26: -18.2% from the 52-week high, +40.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹427.00 · low ₹188.09
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 108 | 121 | 113 | 137 | 136 | 185 | 149 |
| EBITDA | -15 | 47 | 11 | -4 | 11 | 4 | 16 | 6 |
| OPM % | -24.7% | 43.4% | 9.3% | -3.2% | 8.2% | 2.9% | 8.5% | 4.2% |
| Other income | 0 | 1 | 0 | 0 | 1 | 0 | 3 | 0 |
| Net profit | -26 | 42 | -4 | -11 | 4 | -1 | 7 | -1 |
| EPS (₹) | -5.65 | 6.42 | -0.52 | -1.25 | 0.51 | -0.45 | 0.83 | -0.10 |
| Revenue YoY | +130.0% | +26.2% | +52.8% | +31.4% | ||||
| Profit YoY | – | -101.5% | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 369 | 377 | 354 | 369 | 570 | 606 |
| EBITDA | 29 | 29 | 22 | 44 | 27 | 37 |
| Net profit | 2 | 5 | -8 | 7 | 1 | 10 |
| EPS (₹) | 0.34 | 0.71 | -1.19 | -0.47 | 0.08 | 0.79 |
| Revenue growth | +2.2% | -6.2% | +4.2% | +54.7% | +51.0% | |
| Profit growth | +107.1% | -265.2% | – | -91.4% | +940.4% | |
| Dividend / share (₹) | 1.00 | 1.00 | 1.00 | 0.50 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +14.8% | +12.6% | +51.0% |
| Net profit | -48.3% | -43.2% | +940.4% |
| EPS | -51.7% | -45.5% | – |
| Share price | – | +20.3% (2y) | -3.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 280 | 267 | 734 | 493 |
| Borrowings | – | 36 | 36 | 10 | 80 |
| Cash & equivalents | – | 11 | 3 | 94 | 34 |
| Total assets | – | 582 | 593 | 1,002 | 883 |
| Fixed assets | – | 310 | 317 | 307 | 207 |
| Capital work in progress | – | 0 | 0 | 21 | 16 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 48 | 28 | 25 | 38 |
| Inventory | – | 86 | 109 | 144 | 215 |
| Payables | – | 89 | 119 | 83 | 139 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 27 | 12 | 46 | -41 | -51 |
| Cash from investing | 1 | 7 | -29 | -295 | -127 |
| Cash from financing | -37 | -8 | -22 | 426 | 112 |
| Capex | 2 | 6 | 27 | 348 | 168 |
| Free cash flow | 25 | 6 | 19 | -389 | -219 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 1.7% | -2.9% | 1.0% | 0.1% |
| ROCE % | – | 6.9% | 3.2% | 3.8% | 1.7% |
| Debtor days | – | 47 | 29 | 24 | 24 |
| Inventory days | – | 127 | 172 | 221 | 195 |
| Payable days | – | 132 | 187 | 127 | 126 |
| Cash conversion cycle (days) | – | 42 | 14 | 118 | 93 |
| Working capital days | – | -30 | -43 | 141 | 45 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 43.91% |
| FIIs | 3.86% |
| DIIs | 0.02% |
| of which Mutual funds | 0.01% |
| Government | 0.00% |
| Public (non-institutions) | 52.21% |
| Quarter | Sep 2025 | Oct 2025 | Dec 2025 | Mar 2026 | Apr 2026 | Jun 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.52% | 46.18% | 46.18% | 46.22% | 47.86% | 42.95% | 42.95% | 43.91% |
| Promoter group | % |
|---|---|
| Plutus Investments and Holding Private Limited | 33.83% |
| Ramesh Keshubhai Siyani | 10.08% |
| Provogue (India) Private Limited | 0.00% |
| Airmaniax India Private Limited | 0.00% |
| Tradified Learning Private Limited | 0.00% |
| Junomoneta Finsol Private Limited | 0.00% |
| Junomoneta International (IFSC) Private Limited | 0.00% |
| Troo Tribe Tech Limited | 0.00% |
| Alupac Ventures Private Limited | 0.00% |
| Decent Lab Grown Diamond Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Vinit Dharamshibhai Bediya | 10.08% |
| Shubhi Consultancy Services LLP | 8.87% |
| Madhusudan Murlidhar Kela .. | 6.30% |
| Hitendrabhai Hasmukhbhai Patel | 5.67% |
| Riambel Capital PCC - RCC1 | 2.81% |
| Varasada Dharmendra Becharbhai | 1.89% |
| Siddhartha Sacheti | 1.26% |
| Mithun Padam Sacheti | 1.26% |
19,702 shareholders. Pledged: 46.92% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| WINDMACHIN | ₹2,860 cr | 355.9x | 5.8x | 1.6% | 3.5% | 6.1% | +14.8% | 0.00% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Injection Moulding Machinery | ₹253 cr | 44.0% | ₹15 cr | 5.9% |
| CNC & VMC Machinery## | ₹190 cr | 33.1% | ₹21 cr | 11.1% |
| Extrusion Machinery Division | ₹132 cr | 22.9% | ₹3 cr | 2.5% |
| Energy Storage Systems ** | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-08-27 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2021-09-15 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-09-16 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2018-09-03 | Dividend | Annual General Meeting/Dividend Re 1 Per Share |
| 2017-09-18 | Dividend | Dividend - Re 0.75 Per Share |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-16 | Other | Annual General Meeting |
| 2012-09-17 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | WINDMACHIN |
| BSE code | 522029 |
| ISIN | INE052A01021 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.