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Windsor Machines Limited
(WINDMACHIN)
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Rating:46Neutral
Price Target:
₹272.00
▼(-9.87% Downside)
Action:Reiterated
Date:06/10/26
The score is primarily constrained by weak financial quality—sharp margin compression and sustained negative operating/free cash flow—despite improved revenue growth and only moderate leverage. Technicals are relatively supportive with price above major moving averages, but momentum is mixed. Valuation is penalized due to the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Re-acceleration
A meaningful top-line rebound (~19% latest year) indicates strengthening demand for capital equipment. Sustained revenue growth supports higher capacity utilization, improves operational leverage potential, and provides a foundation for restoring margins and investing in product or service expansion over the medium term.
Negative Factors
Weak Cash Generation
Persistent negative operating cash flow and deeply negative free cash flow mean earnings are not converting to cash, forcing reliance on external funding or asset sales. Over months this constrains reinvestment in product development, spare-parts inventory, and after-sales service scaling, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
A meaningful top-line rebound (~19% latest year) indicates strengthening demand for capital equipment. Sustained revenue growth supports higher capacity utilization, improves operational leverage potential, and provides a foundation for restoring margins and investing in product or service expansion over the medium term.
Read all positive factors
Windsor Machines Limited (WINDMACHIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.91B
Dividend Yield0.48%
Average Volume (3M)22.73K
Price to Earnings (P/E)388.4
Beta (1Y)1.92
Revenue Growth51.04%
EPS Growth23.72%
CountryIN
Employees612
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.79
Shares Outstanding101,727,010
10 Day Avg. Volume4,588
30 Day Avg. Volume22,728
Financial Highlights & Ratios
PEG Ratio-27.75
Price to Book (P/B)3.35
Price to Sales (P/S)2.89
P/FCF Ratio-7.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Windsor Machines Limited Business Overview & Revenue Model
Company Description
Windsor Machines Limited focuses on the global production, promotion, and distribution of equipment for plastic processing, catering to both Indian and international clientele. The company's business activities are structured into two primary divi...
How the Company Makes Money
The company primarily makes money by selling plastics processing machinery (such as injection moulding machines) to industrial customers, generating revenue from the manufacture and supply of capital equipment. Additional recurring or ancillary re...
Windsor Machines Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.06B | 5.70B | 3.69B | 3.54B | 3.73B | 3.65B |
| Gross Profit | 726.55M | 729.65M | 571.68M | 1.11B | 1.21B | 1.17B |
| EBITDA | 407.89M | 309.52M | 459.01M | 148.69M | 290.76M | 324.08M |
| Net Income | 67.22M | 6.42M | 74.19M | -76.97M | 46.59M | 22.55M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.83B | 10.02B | 5.93B | 5.82B | 5.76B |
| Cash, Cash Equivalents and Short-Term Investments | 338.62M | 338.62M | 937.91M | 26.84M | 73.88M | 97.52M |
| Total Debt | 0.00 | 862.99M | 348.52M | 358.28M | 358.74M | 264.77M |
| Total Liabilities | -4.93B | 3.90B | 2.68B | 3.15B | 2.91B | 2.81B |
| Stockholders Equity | 4.93B | 4.93B | 7.34B | 2.67B | 2.80B | 2.84B |
Cash Flow | ||||||
| Free Cash Flow | -1.20B | -2.23B | -3.97B | 193.53M | 63.82M | 248.56M |
| Operating Cash Flow | -376.70M | -551.15M | -491.14M | 464.20M | 121.73M | 271.27M |
| Investing Cash Flow | -535.95M | -1.29B | -2.96B | -291.55M | -68.05M | 10.07M |
| Financing Cash Flow | 30.47M | 1.17B | 4.34B | -219.69M | -77.31M | -371.34M |
Windsor Machines Limited Technical Analysis
Positive
301.80
Price Trends
301.95
Positive
300.39
Positive
278.58
Positive
Market Momentum
2.03
Positive
49.55
Neutral
37.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WINDMACHIN, the sentiment is Positive. The current price of 301.8 is below the 20-day moving average (MA) of 307.86, below the 50-day MA of 301.95, and above the 200-day MA of 278.58, indicating a neutral trend. The MACD of 2.03 indicates Positive momentum. The RSI at 49.55 is Neutral, neither overbought nor oversold. The STOCH value of 37.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:WINDMACHIN.
Windsor Machines Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹9.19B | 18.69 | ― | 0.29% | 32.82% | -5.53% | |
62 Neutral | ₹449.23M | 8.06 | ― | 3.46% | 5.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹141.38B | -1.92 | ― | 0.54% | 4.63% | -4.40% | |
54 Neutral | ₹51.59B | 69.96 | ― | 0.17% | 13.91% | 73.54% | |
54 Neutral | ₹12.14B | 44.14 | ― | 0.41% | -3.87% | -19.01% | |
46 Neutral | ₹30.91B | 388.42 | ― | 0.48% | 51.04% | 23.72% |
* General Sector Average
IN:WINDMACHIN
Windsor Machines Limited
303.90
-8.20
-2.63%
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Windsor Machines Limited Corporate Events
Windsor Machines Announces CEO Transition and New Appointment
Jul 15, 2026
Windsor Machines Limited has announced a leadership change, notifying exchanges that Chief Executive Officer and Whole Time Director Vinay Bansod has resigned from the CEO role effective at the close of business on July 15, 2026. Bansod will remai...
Windsor Machines Confirms SEBI-Compliant Dematerialisation for June Quarter
Jul 8, 2026
Windsor Machines Limited has submitted to BSE and NSE a confirmation certificate under Regulation 74(5) of the SEBI Depositories and Participants Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by registrar MUFG Inti...
Windsor Machines Secures Full Ownership of Key Rajkot Plant Land
May 23, 2026
Windsor Machines Limited has completed the acquisition of a non-agricultural land parcel measuring about 77,198 square meters in Chibhda, Lodhika taluka, Rajkot district, Gujarat, previously held on a nine-year long-term lease. Following the regis...
Windsor Machines Reports No Deviation in Preferential Issue Fund Use
May 9, 2026
Windsor Machines Limited has submitted to stock exchanges a Monitoring Agency Report for the quarter ended March 31, 2026, prepared by ICRA Limited on the utilization of proceeds from its preferential issue. The report, filed under SEBI ICDR and L...
Windsor Machines Publishes FY26 Investor Presentation for Market Disclosure
May 9, 2026
Windsor Machines Limited has released an investor presentation detailing its financial results for the quarter and full year ended March 31, 2026, in line with disclosure requirements under SEBI’s Listing Regulations. The company has submitt...
Windsor Machines names Dharmendra Varasada Executive Director to bolster technical leadership
May 9, 2026
Windsor Machines Limited has appointed Mr. Dharmendra Becharbhai Varasada as an Additional Director, designating him as Executive Director with effect from May 9, 2026, subject to shareholder approval, following a unanimous board decision based on...
Windsor Machines Announces Resignation of Non-Executive Director Vinit Bediya
May 9, 2026
Windsor Machines Limited has announced that non-executive director Vinit Dharamshibhai Bediya has resigned from the board, effective from the close of business on May 09, 2026. The resignation, accepted by the board on the same date, has been attr...
Windsor Machines Reappoints Internal and Cost Auditors for FY 2027
May 9, 2026
Windsor Machines Limited has reappointed Moore Singhi Advisors LLP as its internal auditor and Ashish Bhavsar Associates as its cost auditor for the financial year ending March 31, 2027, following board approval based on the audit committee’...
Windsor Machines Updates Key Managers for Regulatory Disclosures
May 9, 2026
Windsor Machines Limited has updated the list of its key managerial personnel authorized to assess the materiality of events and make regulatory disclosures to stock exchanges. The board’s decision aligns the company with SEBI’s Listin...
Windsor Machines Confirms No Deviation in Use of Preferential Issue Funds
May 9, 2026
Windsor Machines Limited has notified stock exchanges that it has submitted a statement on the utilisation of funds raised through a preferential issue for the quarter ended March 31, 2026. The company confirmed there was no deviation or variation...
Windsor Machines Clears FY26 Results, Reshapes Board and Plans Sale of Non-Core Industrial Land
May 9, 2026
Windsor Machines Limited has approved its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, confirming an unmodified audit opinion and signaling compliance with listing requirements. The board also...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.