BSE:522029

Stock Analysis Report

Executive Summary

Windsor Machines Limited manufactures and sells plastic processing machinery in India and internationally.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.

Share Price & News

How has Windsor Machines's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.0%

522029

-0.4%

IN Machinery

0.5%

IN Market


1 Year Return

-73.5%

522029

-13.2%

IN Machinery

0.9%

IN Market

Return vs Industry: 522029 underperformed the Indian Machinery industry which returned -13.2% over the past year.

Return vs Market: 522029 underperformed the Indian Market which returned 0.9% over the past year.


Share holder returns

522029IndustryMarket
7 Day-6.0%-0.4%0.5%
30 Day-30.0%2.4%1.0%
90 Day-16.0%-8.4%-3.2%
1 Year-72.5%-73.5%-11.7%-13.2%2.8%0.9%
3 Year-43.1%-46.6%-1.5%-5.2%20.3%14.3%
5 Year-37.1%-41.0%40.6%32.7%43.1%29.8%

Price Volatility Vs. Market

How volatile is Windsor Machines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Windsor Machines undervalued based on future cash flows and its price relative to the stock market?

31%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: 522029 (₹18.1) is trading below our estimate of fair value (₹26.27)

Significantly Undervalued: 522029 is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: 522029 is poor value based on its PE Ratio (15.2x) compared to the Machinery industry average (12.4x).

PE vs Market: 522029 is poor value based on its PE Ratio (15.2x) compared to the Indian market (13.1x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate 522029's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: 522029 is good value based on its PB Ratio (0.4x) compared to the IN Machinery industry average (1.3x).


Next Steps

Future Growth

How is Windsor Machines expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 522029's forecast earnings growth (24.4% per year) is above the savings rate (7.6%).

Earnings vs Market: 522029's earnings (24.4% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 522029's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 522029's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if 522029's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Windsor Machines performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 522029's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: 522029's earnings growth over the past year (1.9%) is below its 5-year average (16.6% per year).

Earnings vs Industry: 522029 earnings growth over the past year (1.9%) underperformed the Machinery industry 13.7%.


Return on Equity

High ROE: 522029's Return on Equity (2.9%) is considered low.


Return on Assets

ROA vs Industry: 522029's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: 522029's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Windsor Machines's financial position?


Financial Position Analysis

Short Term Liabilities: 522029's short term assets (₹2.2B) exceeds its short term liabilities (₹1.8B)

Long Term Liabilities: 522029's short term assets (2.2B) exceeds its long term liabilities (1.5B)


Debt to Equity History and Analysis

Debt Level: 522029's debt to equity ratio (18.8%) is considered satisfactory

Reducing Debt: 522029's debt to equity ratio has reduced from 23.6% to 18.8% over the past 5 years.

Debt Coverage: 522029's debt is well covered by operating cash flow (69.1%).

Interest Coverage: 522029's interest payments on its debt are not well covered by EBIT (0x coverage).


Balance Sheet

Inventory Level: 522029 has a high level of physical assets or inventory.

Debt Coverage by Assets: 522029's debt is covered by short term assets (assets are 4.072240x debt).


Next Steps

Dividend

What is Windsor Machines's current dividend yield, its reliability and sustainability?

5.52%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%0.6%markettop25%2.5%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 522029's dividend (5.52%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: 522029's dividend (5.52%) is in the top 25% of dividend payers in the Indian market (2.46%)

Stable Dividend: Whilst dividend payments have been stable, 522029 has been paying a dividend for less than 10 years.

Growing Dividend: 522029's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.9%), 522029's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Windsor Machines's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Rajan Shankar Tarakhad (59yo)

9.5yrs

Tenure

₹10,000,000

Compensation

Mr. Rajan Shankar Narayan Tarakhad has been the Chief Executive Officer of Windsor Machines Ltd. since April 1, 2010. Mr. Tarakhad is responsible to develop corporate and business strategy for the Windsor  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Rajan Shankar's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Rajan Shankar's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.8yrs

Average Tenure

Experienced Management: 522029's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

61yo

Average Age

Experienced Board: 522029's board of directors are considered experienced (7.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Priti Patel

    Company Secretary & Compliance Officer

    • Tenure: 8.8yrs
  • Rajan Shankar Tarakhad (59yo)

    CEO & Executive Director

    • Tenure: 9.5yrs
    • Compensation: ₹10.00m
  • Vatsal Parekh

    Chief Financial Officer

    • Tenure: 5yrs

Board Members

  • Shishir Dalal (63yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: ₹1.35m
  • Mahendra Arora (76yo)

    Independent Non-Executive Director

    • Tenure: 12.1yrs
    • Compensation: ₹350.00k
  • Prakash Kundalia (73yo)

    Non-Executive Director

    • Tenure: 11.8yrs
    • Compensation: ₹160.00k
  • Jayant Thakur (54yo)

    Non-Executive Director

    • Tenure: 8.6yrs
    • Compensation: ₹120.00k
  • Mahua Chowdhury (49yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹160.00k
  • Rajan Shankar Tarakhad (59yo)

    CEO & Executive Director

    • Tenure: 9.5yrs
    • Compensation: ₹10.00m

Company Information

Windsor Machines Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Windsor Machines Limited
  • Ticker: 522029
  • Exchange: BSE
  • Founded: 1963
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹1.175b
  • Shares outstanding: 64.93m
  • Website: https://www.windsormachines.com

Number of Employees


Location

  • Windsor Machines Limited
  • Plot 5402-5403, Phase-IV
  • GIDC
  • Ahmedabad
  • Gujarat
  • 382445
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
522029BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 1994
WINDMACHINNSEI (National Stock Exchange of India)YesEquity SharesININRDec 1994

Biography

Windsor Machines Limited manufactures and sells plastic processing machinery in India and internationally. The company operates through Extrusion Machinery and Injection Moulding Machinery segments. It off ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 12:45
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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