Windsor Machines Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Windsor Machines Ltd?

Windsor Machines Ltd is trading at 318.00 as of 19 June 2026, with a FY2026-2027 high of 410 and low of 200. The stock is currently in the middle of its 52-week range. Market cap stands at 2,794 Cr..

Q: Is Windsor Machines Ltd financially healthy?

Key indicators: ROCE of 2.11 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Windsor Machines Ltd profitable and how is the profit trend?

Windsor Machines Ltd reported a net profit of -3 Cr in Mar 2025 on revenue of 369 Cr. Compared to 2 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹211.78Overvalued by 33.40%vs CMP ₹318.00

P/E (2,309.0) × ROE (0.2%) × BV (₹56.20) × DY (2.00%)

₹76.46Overvalued by 75.96%vs CMP ₹318.00

MoS: -315.9% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹169.66	28%	Over (-46.6%)
Graham Number	Earnings	₹33.36	20%	Over (-89.5%)
Net Asset Value	Assets	₹82.86	13%	Over (-73.9%)
EV/EBITDA	Enterprise	₹36.19	11%	Over (-88.6%)
Earnings Yield	Earnings	₹8.80	9%	Over (-97.2%)
ROCE Capital	Returns	₹29.36	9%	Over (-90.8%)
Revenue Multiple	Revenue	₹42.00	10%	Over (-86.8%)
Consensus (7 models)		₹76.46	100%	Overvalued

Key Drivers: EPS CAGR -19.9% drags value — could be higher if earnings stabilize. | P/E of 2,309 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.9%

*Investments are subject to market risks

Analyst Summary

Windsor Machines Ltd operates in the Engineering - Heavy segment, NSE: WINDMACHIN | BSE: 522029, current market price is ₹318.00, market cap is 2,794 Cr.. At a glance, stock P/E is 2,309, ROE is 0.20 %, ROCE is 2.11 %, book value is 56.2, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹76.46, around 76.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹369 Cr versus the prior period change of 4.2%, while latest net profit is about ₹-3 Cr with a prior-period change of 62.5%. The 52-week range shown on this page is 410/200, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisWindsor Machines Ltd. is a Public Limited Listed company incorporated on 04/05/1963 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is…

This summary is generated from the stock page data available for Windsor Machines Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Windsor Machines Ltd scores 47/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health46/100 · Moderate

ROCE 2.1% WeakROE 0.2% WeakD/E 0.10 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money75/100 · Strong

FII holding stable No changeDII holding up 0.70% MF buyingPromoter increased by 1.66% Positive

Earnings Quality50/100 · Moderate

OPM stable around 7% Steady

Quarterly Momentum60/100 · Moderate

Revenue (4Q): +42% YoY AcceleratingOPM: 2.9% (down 5.2% YoY) Margin pressure

Industry Rank10/100 · Weak

P/E 2,309.0 vs industry 125.0 Premium to peersROCE 2.1% vs industry 14.6% Below peersROE 0.2% vs industry 12.3% Below peers3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 7:48 am

Market Cap	2,794 Cr.
Current Price	318
Intrinsic Value	₹76.46
High / Low	410/200
Stock P/E	2,309
Book Value	56.2
Dividend Yield	0.00 %
ROCE	2.11 %
ROE	0.20 %
Face Value	2.00
PEG Ratio	-116.12

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Windsor Machines Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Windsor Machines Ltd	2,794 Cr.	318	410/200	2,309	56.2	0.00 %	2.11 %	0.20 %	2.00
Concord Control Systems Ltd	2,823 Cr.	2,719	3,070/1,001	66.6	201	0.00 %	30.6 %	25.8 %	10.0
HLE Glascoat Ltd	2,503 Cr.	360	662/250	46.8	76.9	0.31 %	11.8 %	10.8 %	2.00
Sanghvi Movers Ltd	3,215 Cr.	371	413/221	19.6	145	0.54 %	15.0 %	13.8 %	1.00
GMM Pfaudler Ltd	3,319 Cr.	738	1,418/735	43.4	268	0.27 %	14.0 %	6.86 %	2.00
Industry Average	11,443.34 Cr	1,388.21		125.01	302.60	0.35%	14.60%	12.30%	8.88

All Competitor Stocks of Windsor Machines Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	98.77	126.40	68.94	89.27	87.03	109.38	80.83	59.41	107.65	120.82	113.34	136.64	135.84
Expenses	91.82	111.33	67.08	80.81	78.28	105.51	79.67	56.38	98.88	109.83	105.36	128.14	131.87
Operating Profit	6.95	15.07	1.86	8.46	8.75	3.87	1.16	3.03	8.77	10.99	7.98	8.50	3.97
OPM %	7.04%	11.92%	2.70%	9.48%	10.05%	3.54%	1.44%	5.10%	8.15%	9.10%	7.04%	6.22%	2.92%
Other Income	0.59	5.03	1.01	0.35	0.86	0.08	0.63	-17.70	38.76	0.26	-11.50	3.40	0.03
Interest	2.04	4.57	3.01	2.74	2.67	6.80	1.89	3.01	1.40	1.73	1.10	1.03	0.72
Depreciation	3.50	3.41	3.82	3.60	4.17	4.05	4.32	4.29	4.25	5.09	4.74	4.76	6.16
Profit before tax	2.00	12.12	-3.96	2.47	2.77	-6.90	-4.42	-21.97	41.88	4.43	-9.36	6.11	-2.88
Tax %	120.00%	23.43%	-15.15%	41.30%	39.71%	8.41%	-7.69%	66.91%	0.50%	193.45%	12.61%	29.95%	35.42%
Net Profit	-0.40	9.28	-3.35	1.45	1.67	-7.48	-4.08	-36.68	41.67	-4.14	-10.54	4.29	-3.89
EPS in Rs	-0.06	1.43	-0.52	0.22	0.26	-1.15	-0.63	-4.01	6.42	-0.49	-1.25	0.51	-0.45

Last Updated: February 3, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:43 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	252	259	309	354	393	350	283	314	369	376	354	369	507
Expenses	229	254	291	323	357	337	278	285	339	348	332	344	475
Operating Profit	23	5	17	31	36	13	6	29	30	28	22	24	31
OPM %	9%	2%	6%	9%	9%	4%	2%	9%	8%	7%	6%	7%	6%
Other Income	6	5	6	11	15	20	-12	1	3	8	3	22	-8
Interest	2	3	3	9	13	13	11	11	11	11	15	9	5
Depreciation	3	6	5	14	16	14	14	14	14	14	16	18	21
Profit before tax	24	1	15	19	22	5	-32	6	7	11	-6	20	-2
Tax %	29%	326%	78%	48%	45%	157%	-77%	-86%	69%	58%	37%	116%
Net Profit	17	-2	3	10	12	-3	-8	11	2	5	-8	-3	-14
EPS in Rs	2.61	-0.33	0.50	1.53	1.86	-0.47	-1.13	1.67	0.35	0.72	-1.19	0.88	-1.68
Dividend Payout %	0%	0%	0%	49%	54%	-214%	0%	60%	289%	139%	-42%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-111.76%	250.00%	233.33%	20.00%	-125.00%	-166.67%	237.50%	-81.82%	150.00%	-260.00%	62.50%
Change in YoY Net Profit Growth (%)	0.00%	361.76%	-16.67%	-213.33%	-145.00%	-41.67%	404.17%	-319.32%	231.82%	-410.00%	322.50%

Windsor Machines Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	5%
3 Years:	0%
TTM:	9%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-160%

Stock Price CAGR
10 Years:	31%
5 Years:	85%
3 Years:	104%
1 Year:	50%

Return on Equity
10 Years:	1%
5 Years:	0%
3 Years:	-1%
Last Year:	-2%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 4, 2025, 2:14 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	17	17
Reserves	38	37	39	274	286	277	262	273	271	267	254	717	711
Borrowings	6	30	27	95	83	72	53	46	26	36	36	35	18
Other Liabilities	91	94	125	220	251	259	240	258	265	266	291	233	266
Total Liabilities	148	174	205	602	634	621	568	590	576	582	593	1,002	1,012
Fixed Assets	31	40	38	363	351	347	345	332	320	311	323	652	643
CWIP	0	1	5	1	8	7	19	19	19	19	19	21	100
Investments	0	3	1	13	10	13	0	2	0	0	0	0	0
Other Assets	116	130	160	225	265	253	205	238	237	251	251	330	269
Total Assets	148	174	205	602	634	621	568	590	576	582	593	1,002	1,012

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-16	14	19	23	38	24	37	27	12	46	-41	-51
Cash from Investing Activity +	-18	-3	-80	-2	0	8	-10	1	-7	-29	-295	-127
Cash from Financing Activity +	21	-8	61	-17	-32	-38	-17	-37	-8	-22	426	112
Net Cash Flow	-13	3	0	3	6	-5	10	-9	-2	-5	89	-66
Free Cash Flow	-34	6	-3	12	28	19	36	25	6	19	-389	-206
CFO/OP	-312%	91%	80%	82%	338%	436%	125%	91%	51%	257%	-140%	-114%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	17.00	-25.00	-10.00	-64.00	-47.00	-59.00	-47.00	-17.00	4.00	-8.00	-14.00	-11.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	34	30	41	37	49	31	25	35	40	47	29	24
Inventory Days	135	145	114	93	116	138	154	143	118	127	172	221
Days Payable	105	91	98	90	136	131	168	157	134	132	187	127
Cash Conversion Cycle	64	84	57	39	29	37	11	21	24	42	14	118
Working Capital Days	-2	38	20	50	49	19	-92	-94	-56	-41	-46	48
ROCE %		6%	22%	12%	9%	5%	1%	5%	6%	7%	3%	1%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	58.52%	58.52%	58.52%	58.52%	58.52%	58.52%	53.90%	53.91%	44.52%	44.52%	44.52%	46.18%
FIIs	0.15%	0.11%	0.11%	0.11%	0.11%	0.27%	1.12%	1.89%	1.41%	1.23%	1.06%	1.03%
DIIs	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.07%	0.15%	1.86%	2.12%	2.50%	2.56%
Public	41.29%	41.34%	41.34%	41.34%	41.34%	41.17%	44.90%	44.04%	52.21%	52.12%	51.92%	50.22%
No. of Shareholders	20,872	19,972	17,201	17,074	17,785	20,382	20,286	22,417	20,705	21,280	20,944	20,617

Shareholding Pattern Chart

No. of Shareholders

Windsor Machines Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	-0.47	-1.19	0.71	0.34	1.66
Diluted EPS (Rs.)	-0.44	-1.19	0.71	0.34	1.66
Cash EPS (Rs.)	1.74	1.22	2.86	2.51	3.77
Book Value[Excl.RevalReserv]/Share (Rs.)	86.90	42.76	44.86	45.47	45.77
Book Value[Incl.RevalReserv]/Share (Rs.)	86.90	42.76	44.86	45.47	45.77
Revenue From Operations / Share (Rs.)	43.65	54.51	58.13	56.85	48.43
PBDIT / Share (Rs.)	3.02	3.89	5.49	4.94	4.61
PBIT / Share (Rs.)	0.89	1.48	3.35	2.78	2.50
PBT / Share (Rs.)	2.36	-0.86	1.70	1.10	0.89
Net Profit / Share (Rs.)	-0.38	-1.19	0.71	0.34	1.66
NP After MI And SOA / Share (Rs.)	0.87	-1.19	0.71	0.34	1.67
PBDIT Margin (%)	6.92	7.13	9.44	8.69	9.51
PBIT Margin (%)	2.05	2.71	5.75	4.88	5.15
PBT Margin (%)	5.40	-1.58	2.91	1.93	1.84
Net Profit Margin (%)	-0.87	-2.17	1.22	0.60	3.43
NP After MI And SOA Margin (%)	2.01	-2.17	1.23	0.61	3.44
Return on Networth / Equity (%)	1.01	-2.88	1.66	0.79	3.78
Return on Capital Employeed (%)	0.92	2.39	5.42	4.62	4.15
Return On Assets (%)	0.74	-1.29	0.80	0.39	1.83
Long Term Debt / Equity (X)	0.01	0.07	0.08	0.03	0.08
Total Debt / Equity (X)	0.01	0.13	0.12	0.03	0.10
Asset Turnover Ratio (%)	0.46	0.60	0.65	0.61	0.52
Current Ratio (X)	1.78	0.78	0.83	0.74	0.70
Quick Ratio (X)	0.98	0.21	0.35	0.32	0.31
Inventory Turnover Ratio (X)	2.91	2.59	3.00	3.43	3.00
Dividend Payout Ratio (NP) (%)	43.75	-84.35	139.37	287.95	0.00
Dividend Payout Ratio (CP) (%)	12.79	81.74	34.96	39.79	0.00
Earning Retention Ratio (%)	56.25	184.35	-39.37	-187.95	0.00
Cash Earning Retention Ratio (%)	87.21	18.26	65.04	60.21	0.00
Interest Coverage Ratio (X)	3.18	1.66	3.32	2.94	2.88
Interest Coverage Ratio (Post Tax) (X)	-1.94	0.49	1.43	1.20	2.04
Enterprise Value (Cr.)	2629.70	472.52	281.90	268.47	220.54
EV / Net Operating Revenue (X)	7.13	1.33	0.74	0.72	0.70
EV / EBITDA (X)	102.99	18.72	7.91	8.37	7.37
MarketCap / Net Operating Revenue (X)	7.36	1.21	0.65	0.69	0.62
Retention Ratios (%)	56.24	184.35	-39.37	-187.95	0.00
Price / BV (X)	3.70	1.61	0.87	0.90	0.69
Price / Net Operating Revenue (X)	7.36	1.21	0.65	0.69	0.62
EarningsYield	0.00	-0.01	0.01	0.01	0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Windsor Machines Ltd. is a Public Limited Listed company incorporated on 04/05/1963 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1963PLC012642 and registration number is 012642. Currently company belongs to the Industry of Engineering - Heavy. Company's Total Operating Revenue is Rs. 566.52 Cr. and Equity Capital is Rs. 17.70 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Engineering - Heavy	102/103, 1st Floor, Thane Maharashtra 400604	Contact not found

Management
Name	Position Held
Mr. Vinay Girdhar Bansod	WholeTime Director & CEO
Mr. Hitendrabhai Hasmukhbhai Patel	Executive Director
Mr. Vivek Chopra	Non Executive Director
Mr. Vinit Dharamshibhai Bediya	Non Executive Director
Ms. Garima Malhotra	Independent Woman Director
Mr. Manoj Dineshchandra Antani	Independent Director
Mr. Subhendu Roy	Independent Director
Mr. Ravi Mamodiya	Independent Director

FAQ

What is the intrinsic value of Windsor Machines Ltd and is it undervalued?

As of 19 June 2026, Windsor Machines Ltd's intrinsic value is ₹76.46, which is 75.96% lower than the current market price of ₹318.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.20 %), book value (₹56.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Windsor Machines Ltd?

Windsor Machines Ltd is trading at ₹318.00 as of 19 June 2026, with a FY2026-2027 high of ₹410 and low of ₹200. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,794 Cr..

How does Windsor Machines Ltd's P/E ratio compare to its industry?

Windsor Machines Ltd has a P/E ratio of 2,309, which is above the industry average of 125.01. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Windsor Machines Ltd financially healthy?

Key indicators for Windsor Machines Ltd: ROCE of 2.11 % is on the lower side compared to the industry average of 14.60%; ROE of 0.20 % is below ideal levels (industry average: 12.30%). Dividend yield is 0.00 %.

Is Windsor Machines Ltd profitable and how is the profit trend?

Windsor Machines Ltd reported a net profit of ₹-3 Cr in Mar 2025 on revenue of ₹369 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows a declining trend.

Does Windsor Machines Ltd pay dividends?

Windsor Machines Ltd has a dividend yield of 0.00 % at the current price of ₹318.00. The company is currently not paying meaningful dividends.