Windsor Machines Ltd

Windsor Machines Ltd

₹ 378 5.00%
04 Dec 1:45 p.m.
About

Incorporated in 1963, Windsor Machines
Ltd is in the business of manufacturing
plastic processing machinery[1]

Key Points

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

  • Market Cap 2,455 Cr.
  • Current Price 378
  • High / Low 378 / 63.8
  • Stock P/E
  • Book Value 41.2
  • Dividend Yield 0.14 %
  • ROCE 3.88 %
  • ROE 1.15 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 60.2%

Cons

  • Stock is trading at 9.07 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.51% over past five years.
  • Company has a low return on equity of 3.88% over last 3 years.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
83 91 122 53 82 92 124 66 85 84 106 79 58
73 79 106 52 72 77 109 63 77 75 100 76 54
Operating Profit 9 12 16 2 10 14 15 3 8 9 6 3 4
OPM % 11% 13% 13% 3% 12% 16% 12% 4% 9% 11% 5% 4% 8%
0 0 0 1 0 0 1 1 0 1 0 1 -8
Interest 2 1 1 1 1 2 2 1 2 2 2 1 1
Depreciation 3 3 3 3 3 3 3 3 4 4 4 4 4
Profit before tax 5 7 11 -2 5 9 10 -1 3 4 0 -2 -9
Tax % 29% 23% 27% -30% 31% 26% 27% -46% 38% 27% 644% -21% 168%
3 6 8 -1 4 7 8 -1 2 3 -0 -1 -23
EPS in Rs 0.52 0.86 1.28 -0.21 0.58 1.04 1.18 -0.11 0.25 0.46 -0.08 -0.19 -3.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
216 239 231 281 300 352 331 244 287 338 350 340 328
205 214 217 254 268 314 306 245 258 301 310 315 305
Operating Profit 11 25 14 27 33 38 26 -1 29 37 40 25 23
OPM % 5% 10% 6% 10% 11% 11% 8% -0% 10% 11% 11% 7% 7%
4 6 4 6 10 15 -23 -14 0 1 3 3 -6
Interest 2 2 3 3 9 12 12 10 8 6 7 7 6
Depreciation 2 3 4 4 13 14 14 14 13 13 13 15 16
Profit before tax 11 26 11 26 21 27 -23 -38 8 19 23 6 -6
Tax % 0% 26% 31% 44% 42% 36% 36% -64% -63% 26% 27% 38%
11 20 8 14 12 17 -32 -14 13 14 17 3 -22
EPS in Rs 1.66 3.02 1.22 2.21 1.89 2.67 -4.87 -2.12 1.99 2.12 2.59 0.53 -3.42
Dividend Payout % 0% 0% 0% 0% 40% 37% -21% 0% 50% 47% 39% 95%
Compounded Sales Growth
10 Years: 4%
5 Years: 1%
3 Years: 6%
TTM: -10%
Compounded Profit Growth
10 Years: -16%
5 Years: 36%
3 Years: -36%
TTM: -282%
Stock Price CAGR
10 Years: 29%
5 Years: 79%
3 Years: 138%
1 Year: 312%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 4%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 20 39 47 61 297 316 277 256 270 277 286 283 255
13 5 30 26 95 83 71 53 46 26 36 36 11
74 71 78 102 197 219 223 193 201 196 198 219 227
Total Liabilities 120 129 167 202 602 631 584 515 530 512 534 551 505
18 22 31 34 360 349 345 342 329 317 309 322 315
CWIP 0 0 1 5 1 8 7 0 0 0 0 0 0
Investments 0 13 25 32 49 51 16 9 11 9 9 9 0
102 93 110 130 192 223 216 164 190 185 215 220 190
Total Assets 120 129 167 202 602 631 584 515 530 512 534 551 505

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
24 17 -8 26 23 28 39 19 35 25 7 39
-3 -18 -25 -15 -84 -6 -3 8 -10 2 -7 -29
-9 -7 21 -8 61 -18 -31 -36 -15 -32 -4 -14
Net Cash Flow 12 -9 -12 3 -0 4 5 -9 10 -5 -3 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 30 24 28 24 34 19 9 24 22 38 27
Inventory Days 100 100 135 93 89 97 108 128 97 87 101 137
Days Payable 109 96 92 90 94 128 122 174 147 130 128 174
Cash Conversion Cycle 10 34 67 31 18 3 5 -36 -25 -21 12 -11
Working Capital Days -29 -8 40 17 50 45 25 -105 -96 -52 -28 -39
ROCE % 28% 54% 20% 30% 12% 10% 8% -1% 5% 8% 9% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.52% 58.52% 58.52% 58.52% 58.52% 58.52% 58.52% 58.52% 58.52% 58.52% 58.52% 53.90%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.11% 0.11% 0.11% 0.11% 0.27% 1.12%
0.03% 0.03% 0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
41.30% 41.30% 41.30% 41.29% 41.29% 41.29% 41.34% 41.34% 41.34% 41.34% 41.17% 44.95%
No. of Shareholders 17,47319,96220,32920,52321,24320,87219,97217,20117,07417,78520,38220,286

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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