Windsor Machines Limited (IN:WINDMACHIN)
:WINDMACHIN
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Windsor Machines Limited
(WINDMACHIN)
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Rating:47Neutral
Price Target:
₹299.00
▲(11.73% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak fundamentals—sharp margin compression and, most importantly, persistent negative operating/free cash flow—despite manageable leverage. Stronger technical momentum provides some support, but an extremely high P/E ratio materially worsens the risk/reward profile.
Positive Factors
Revenue Growth
Re-accelerating top-line (≈19% YoY) indicates recovering demand and stronger order intake for core machines. Over 2–6 months this supports capacity utilization and pricing leverage potential, helping stabilize margins and provide a platform for sustainable revenue growth if maintained.
Negative Factors
Weak Cash Generation
Consistent negative OCF and deeply negative FCF show earnings are not converting to cash, suggesting heavy working-capital or investment drains. Over months this elevates reliance on external funding, limits reinvestment, and increases refinancing and liquidity risk for operations and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Re-accelerating top-line (≈19% YoY) indicates recovering demand and stronger order intake for core machines. Over 2–6 months this supports capacity utilization and pricing leverage potential, helping stabilize margins and provide a platform for sustainable revenue growth if maintained.
Read all positive factors
Windsor Machines Limited (WINDMACHIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.51B
Dividend Yield0.19%
Average Volume (3M)2.92K
Price to Earnings (P/E)2569.4
Beta (1Y)2.01
Revenue Growth54.71%
EPS Growth-128.51%
CountryIN
Employees612
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.04
Shares Outstanding87,822,205
10 Day Avg. Volume2,765
30 Day Avg. Volume2,916
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 engages in the manufacture, marketing, and sale of plastic processing machinery in India and internationally. The company operates through Extrusion Machinery and Injection Moulding Machinery segments. It offers injection ...
How the Company Makes Money
Windsor Machines Limited primarily makes money by selling plastics processing machinery to industrial customers, with revenue recognized from the manufacture and sale of these machines. Additional revenue may come from after-sales services (such a...
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 | 4.78B | 5.70B | 3.69B | 3.54B | 3.73B | 3.65B |
| Gross Profit | 1.13B | 729.65M | 571.68M | 1.11B | 1.21B | 1.17B |
| EBITDA | 671.66M | 314.40M | 459.01M | 148.69M | 290.76M | 324.08M |
| Net Income | 312.92M | 6.42M | 74.19M | -76.97M | 46.59M | 22.55M |
Balance Sheet | ||||||
| Total Assets | 10.12B | 8.83B | 10.02B | 5.93B | 5.82B | 5.76B |
| Cash, Cash Equivalents and Short-Term Investments | 53.66M | 338.62M | 937.91M | 26.84M | 73.88M | 97.52M |
| Total Debt | 395.82M | 862.99M | 348.52M | 358.28M | 358.74M | 264.77M |
| Total Liabilities | 2.84B | 3.90B | 2.68B | 3.15B | 2.91B | 2.81B |
| Stockholders Equity | 7.28B | 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
267.60
Price Trends
264.73
Positive
260.79
Positive
280.02
Positive
Market Momentum
5.35
Positive
53.52
Neutral
27.40
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 267.6 is below the 20-day moving average (MA) of 294.15, above the 50-day MA of 264.73, and below the 200-day MA of 280.02, indicating a neutral trend. The MACD of 5.35 indicates Positive momentum. The RSI at 53.52 is Neutral, neither overbought nor oversold. The STOCH value of 27.40 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹34.70B | 14.68 | ― | 2.39% | 11.39% | 79.67% | |
72 Outperform | ₹21.82B | 24.91 | ― | 1.07% | -1.36% | -30.57% | |
67 Neutral | ₹26.45B | 14.22 | ― | 1.63% | 4.82% | 5.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹14.22B | 42.91 | ― | 0.61% | -18.13% | 379.84% | |
50 Neutral | ₹34.86B | 41.39 | ― | 0.49% | 11.10% | -2.62% | |
47 Neutral | ₹24.51B | 2,569.39 | ― | 0.19% | 54.71% | -128.51% |
* Industrials Sector Average
IN:WINDMACHIN
Windsor Machines Limited
292.65
-80.60
-21.59%
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Windsor Machines Limited Corporate Events
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...
Windsor Machines Seeks Reclassification of Erstwhile Promoters as Public Shareholders
Apr 5, 2026
Windsor Machines Limited has applied to reclassify its erstwhile promoters, Castle Equipments Private Limited and Ghodbunder Developers Private Limited, from promoter status to public shareholders. The application, filed on 19 February 2026 under ...
Windsor Machines boosts equity capital through warrant conversion
Mar 27, 2026
Windsor Machines Limited has approved the conversion of 700,000 equity warrants into an equal number of equity shares, issued at ₹191.85 each on a preferential basis to promoter group member Rameshbhai Keshubhai Siyani. The transaction, invo...
NCLT Clears Windsor Machines’ Merger With Wholly Owned Subsidiary
Mar 19, 2026
Windsor Machines Limited has received sanction from the National Company Law Tribunal, Ahmedabad Bench, for a scheme of amalgamation involving its wholly owned subsidiary, Global CNC Private Limited. The tribunal’s order approves the merger ...
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.