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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 522029 | NSE: WINDMACHIN

Fundamental Analysis of Windsor Machines Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:33 am

Market Cap 576 Cr.
Current Price 89.0
High / Low105/40.3
Stock P/E63.7
Book Value 42.1
Dividend Yield1.12 %
ROCE6.77 %
ROE1.65 %
Face Value 2.00

Data Source: screener.in

Competitors of Windsor Machines Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
TRF Ltd 597 Cr. 534534/15912.8 44.40.00 %188 %% 10.0
Walchandnagar Industries Ltd 1,113 Cr. 242269/61.3 52.80.00 %6.95 %44.0 % 2.00
Chandni Machines Ltd 17.4 Cr. 53.853.8/10.08.48 25.70.00 %6.86 %5.08 % 10.0
ATV Projects India Ltd 105 Cr. 19.827.6/7.3115.6 36.90.00 %1.49 %1.96 % 10.0
Lakshmi Machine Works Ltd 18,226 Cr. 17,06117,794/10,33545.4 2,3730.58 %22.9 %17.0 % 10.0
Industry Average4,011.68 Cr3,582.1216.46506.560.12%45.24%13.61%8.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales91.18122.6148.2086.4499.65134.8754.4297.8698.77126.4069.0389.2787.03
Expenses80.03106.5552.2683.3189.73114.4860.4084.9291.82111.3367.0880.8178.28
Operating Profit11.1516.06-4.063.139.9220.39-5.9812.946.9515.071.958.468.75
OPM %12.23%13.10%-8.42%3.62%9.95%15.12%-10.99%13.22%7.04%11.92%2.82%9.48%10.05%
Other Income0.200.130.930.360.490.940.730.300.595.030.920.350.86
Interest2.503.232.591.731.774.812.371.742.044.573.012.742.67
Depreciation3.462.993.523.543.563.443.493.523.503.413.823.604.17
Profit before tax5.399.97-9.24-1.785.0813.08-11.117.982.0012.12-3.962.472.77
Tax %-10.58%-30.69%13.10%-76.40%32.87%23.62%5.31%21.55%120.00%23.43%15.15%41.30%39.71%
Net Profit5.9613.03-8.04-3.143.4010.00-10.516.27-0.409.28-3.351.451.67
EPS in Rs0.922.01-1.24-0.480.521.54-1.620.97-0.061.43-0.520.220.26

Last Updated: April 10, 2024, 5:22 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:31 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales252259309354393350283314369377372
Expenses229254291323357337278285339348338
Operating Profit23517313613629302934
OPM %9%2%6%9%9%4%2%9%8%8%9%
Other Income656111520-121377
Interest233913131111111113
Depreciation3651416141414141415
Profit before tax2411519225-32671113
Tax %29%326%78%48%45%157%77%-86%69%58%
Net Profit17-231012-3-811259
EPS in Rs2.61-0.330.501.531.86-0.47-1.131.670.350.721.39
Dividend Payout %0%0%0%49%54%-214%0%60%289%139%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-111.76%250.00%233.33%20.00%-125.00%-166.67%237.50%-81.82%150.00%
Change in YoY Net Profit Growth (%)0.00%361.76%-16.67%-213.33%-145.00%-41.67%404.17%-319.32%231.82%

Growth

Compounded Sales Growth
10 Years:%
5 Years:-1%
3 Years:10%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:-17%
3 Years:-32%
TTM:69%
Stock Price CAGR
10 Years:12%
5 Years:4%
3 Years:44%
1 Year:99%
Return on Equity
10 Years:%
5 Years:2%
3 Years:2%
Last Year:2%

Last Updated: April 16, 2024, 9:18 pm

Windsor Machines Ltd Balance Sheet

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1313131313131313131313
Reserves383739274275265262273271267260
Borrowings630279583725346263641
Other Liabilities9194125220262271240258265266296
Total Liabilities148174205602634621568590576582610
Fixed Assets314038363351347345332320311341
CWIP015187191919190
Investments03113101302000
Other Assets116130160225265253205238237251269
Total Assets148174205602634621568590576582610

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11-161419233824372712
Cash from Investing Activity -15-18-3-80-208-101-7
Cash from Financing Activity -421-861-17-32-38-17-37-8
Net Cash Flow-7-133036-510-9-2

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow17.00-25.00-10.00-64.00-47.00-59.00-47.00-17.004.00-7.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days34304137493125354047
Inventory Days13514511493116138154143118127
Days Payable105919890136131168157134132
Cash Conversion Cycle64845739293711212442
Working Capital Days-24527555426-88-88-40-29
ROCE %6%22%12%9%5%1%5%6%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.52%58.52%58.52%58.52%58.52%58.52%58.52%58.52%58.52%58.52%58.52%58.52%
FIIs0.00%0.00%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.11%0.11%0.11%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.02%0.02%0.02%0.02%0.02%0.02%
Public41.45%41.45%41.30%41.30%41.30%41.30%41.29%41.29%41.29%41.34%41.34%41.34%
No. of Shareholders12,06612,33416,14617,47319,96220,32920,52321,24320,87219,97217,20117,074

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.710.341.66-1.16-0.47
Diluted EPS (Rs.)0.710.341.66-1.16-0.47
Cash EPS (Rs.)2.862.513.771.051.73
Book Value[Excl.RevalReserv]/Share (Rs.)44.8645.4745.7744.0444.60
Book Value[Incl.RevalReserv]/Share (Rs.)44.8645.4745.7744.0444.60
Revenue From Operations / Share (Rs.)58.1356.8548.4343.5953.83
PBDIT / Share (Rs.)5.494.944.612.534.94
PBIT / Share (Rs.)3.352.782.500.322.76
PBT / Share (Rs.)1.701.100.89-4.930.82
Net Profit / Share (Rs.)0.710.341.66-1.15-0.45
NP After MI And SOA / Share (Rs.)0.710.341.67-1.13-0.46
PBDIT Margin (%)9.448.699.515.799.18
PBIT Margin (%)5.754.885.150.735.13
PBT Margin (%)2.911.931.84-11.301.53
Net Profit Margin (%)1.220.603.43-2.64-0.83
NP After MI And SOA Margin (%)1.230.613.44-2.59-0.86
Return on Networth / Equity (%)1.660.793.78-2.67-1.04
Return on Capital Employeed (%)5.424.624.150.534.11
Return On Assets (%)0.800.391.83-1.29-0.48
Long Term Debt / Equity (X)0.080.030.080.120.16
Total Debt / Equity (X)0.120.030.100.130.18
Asset Turnover Ratio (%)0.650.610.520.420.54
Current Ratio (X)0.830.740.700.641.20
Quick Ratio (X)0.350.320.310.220.74
Inventory Turnover Ratio (X)3.003.433.002.193.10
Dividend Payout Ratio (NP) (%)139.37287.950.000.00-214.37
Dividend Payout Ratio (CP) (%)34.9639.790.000.0058.34
Earning Retention Ratio (%)-39.37-187.950.000.00314.37
Cash Earning Retention Ratio (%)65.0460.210.000.0041.66
Interest Coverage Ratio (X)3.322.942.881.492.56
Interest Coverage Ratio (Post Tax) (X)1.431.202.042.420.76
Enterprise Value (Cr.)281.90268.47220.5494.82495.78
EV / Net Operating Revenue (X)0.740.720.700.331.42
EV / EBITDA (X)7.918.377.375.7815.45
MarketCap / Net Operating Revenue (X)0.650.690.620.191.30
Retention Ratios (%)-39.37-187.950.000.00314.37
Price / BV (X)0.870.900.690.201.57
Price / Net Operating Revenue (X)0.650.690.620.191.30
EarningsYield0.010.010.05-0.13-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 44.74

The stock is overvalued by 49.72% compared to the current price ₹89

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -4.00, which is a positive sign.
  2. The company has higher reserves (205.55 cr) compared to borrowings (46.82 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (330.18 cr) and profit (8.27 cr) over the years.
  1. The stock has a low average ROCE of 7.30%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 40.80, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Windsor Machines Ltd:
    1. Net Profit Margin: 1.22%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.42% (Industry Average ROCE: 45.24%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 1.66% (Industry Average ROE: 13.61%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.43
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.35
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 63.7 (Industry average Stock P/E: 16.46)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.12
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★☆☆☆☆

About the Company

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. 337.88 Cr. and Equity Capital is Rs. 12.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy102/103, 1st Floor, Thane Maharashtra 400604investors@windsormachines.com
http://www.windsormachines.com
Management
NamePosition Held
Mr. Vinay Girdhar BansodExecutive Director & CEO
Mr. Shishir Vasant DalalInd. Non-Executive Director
Mr. Mahendra Kumar AroraInd. Non-Executive Director
Mr. Jayant Mahendra ThakurNon Executive Director
Mr. Manoj Lalchand LodhaInd. Non-Executive Director
Ms. Mahua Roy ChowdhuryInd. Non-Executive Director

Windsor Machines Ltd. Share Price Update

Share PriceValue
Today₹89.00
Previous Day₹92.12

FAQ

What is the latest fair value of Windsor Machines Ltd?

The latest fair value of Windsor Machines Ltd is ₹44.74.

What is the Market Cap of Windsor Machines Ltd?

The Market Cap of Windsor Machines Ltd is 576 Cr..

What is the current Stock Price of Windsor Machines Ltd as on 23 April 2024?

The current stock price of Windsor Machines Ltd as on 23 April 2024 is 89.0.

What is the High / Low of Windsor Machines Ltd stocks in FY 2024?

In FY 2024, the High / Low of Windsor Machines Ltd stocks is ₹105/40.3.

What is the Stock P/E of Windsor Machines Ltd?

The Stock P/E of Windsor Machines Ltd is 63.7.

What is the Book Value of Windsor Machines Ltd?

The Book Value of Windsor Machines Ltd is 42.1.

What is the Dividend Yield of Windsor Machines Ltd?

The Dividend Yield of Windsor Machines Ltd is 1.12 %.

What is the ROCE of Windsor Machines Ltd?

The ROCE of Windsor Machines Ltd is 6.77 %.

What is the ROE of Windsor Machines Ltd?

The ROE of Windsor Machines Ltd is 1.65 %.

What is the Face Value of Windsor Machines Ltd?

The Face Value of Windsor Machines Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Windsor Machines Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE