Windsor Machines Limited (WINDMACHIN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-204.5%

-₹301.61

vs ₹288.70 price

Levered DCF

-₹349.86

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	2,569.38×	300.46×	-67.35×	52.5×	112.57×	18.29×	-8.27×	-144.15×
P/B	3.35×	2.87×	1.94×	0.88×	0.9×	0.69×	0.22×	1.52×
P/S	2.89×	5.71×	1.46×	0.66×	0.7×	0.65×	0.22×	1.28×
EV / EBITDA	55.01×	44.62×	37.1×	9.42×	8.41×	8.61×	-10.83×	16.8×
Gross margin	12.8%	15.5%	31.3%	32.3%	32.2%	33.9%	35.7%	33.0%
Operating margin	1.8%	1.6%	1.9%	3.8%	4.2%	4.8%	-2.9%	-0.4%
Net margin	0.1%	2.0%	-2.2%	1.2%	0.6%	3.5%	-2.6%	-0.9%
Current ratio	1.28×	1.78×	0.78×	0.83×	0.75×	0.7×	0.64×	1.2×
Debt / equity	0.17×	0.05×	0.13×	0.13×	0.09×	0.16×	0.19×	0.25×
Interest coverage	2.04×	0.75×	0.45×	1.29×	1.38×	1.38×	-0.73×	-0.12×
Dividend yield	0.0%	0.2%	1.2%	2.6%	2.5%	0.0%	12.7%	1.5%
Payout ratio	17.0%	44.0%	-83.4%	137.5%	284.1%	0.1%	-105.3%	-211.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.1%	1.0%	-2.9%	1.7%	0.8%	3.8%	-2.7%	-1.0%
Return on invested capital	0.2%	-0.1%	1.6%	1.4%	1.2%	3.6%	-0.5%	0.2%
Return on assets	0.1%	0.7%	-1.3%	0.8%	0.4%	1.8%	-1.3%	-0.5%
Free cash flow yield	-13.5%	-18.9%	3.7%	2.6%	9.7%	18.1%	31.4%	6.3%
Earnings yield	0.0%	0.4%	-1.5%	1.9%	0.9%	5.5%	-12.1%	-0.7%
Enterprise value	₹17B	₹20.5B	₹5.5B	₹2.7B	₹2.7B	₹2.3B	₹1B	₹5B
Net debt / EBITDA	1.69×	-1.28×	2.23×	0.98×	0.52×	1.05×	-4.53×	1.95×
Cash conversion cycle (days)	80	138	19	44	27	25	14	38