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Windlas Biotech Overview

Windlas Biotech Ltd operates as a contract development and production company (CDMO). Its CDMO services include product discovery, product development, licensing, and industrial manufacturing generic merchandise, which includes frequent products. The organization provides its CMDO products and services throughout a number of pharmaceutical and nutraceutical traditional, and novel products for customers who market such products under their own brand names to the end users. It also gives manufactures various domestic exchange generics and over th...Read More

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Windlas Biotech Key Financials

Market Cap ₹1845 Cr.

Stock P/E 30.3

P/B 3.4

Current Price ₹874.2

Book Value ₹ 260.2

Face Value 5

52W High ₹1095

Dividend Yield 0.66%

52W Low ₹ 699.4

Windlas Biotech Share Price

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Volume
Price

Windlas Biotech Quarterly Price

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Windlas Biotech Peer Comparison

Windlas Biotech Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 153 162 171 175 187 195 203 210 222 233
Other Income 3 3 4 4 5 4 5 5 4 5
Total Income 156 165 176 179 192 199 208 215 226 238
Total Expenditure 134 142 149 154 164 170 177 184 194 209
Operating Profit 22 24 26 25 28 29 30 32 32 29
Interest 0 0 0 0 1 1 1 1 1 1
Depreciation 3 3 4 6 7 7 8 7 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 18 20 23 18 20 20 21 23 24 20
Provision for Tax 4 5 6 5 5 5 5 6 6 5
Profit After Tax 14 15 17 13 16 16 16 18 18 15
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 14 15 17 13 16 16 16 18 18 15
Adjusted Earnings Per Share 6.7 7.3 8.2 6.4 7.5 7.5 7.8 8.4 8.4 7.1

Windlas Biotech Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 352 307 329 428 466 513 631 760 868
Other Income 4 4 2 3 7 10 13 18 19
Total Income 356 312 331 431 473 523 644 778 887
Total Expenditure 313 269 287 373 414 453 553 666 764
Operating Profit 44 43 44 58 59 70 92 112 123
Interest 6 5 3 1 1 1 1 4 4
Depreciation 17 11 9 13 12 12 13 28 31
Exceptional Income / Expenses 0 50 0 -22 0 0 0 0 0
Profit Before Tax 20 76 25 22 46 57 77 80 88
Provision for Tax 9 12 8 6 7 14 19 19 22
Profit After Tax 11 64 16 16 38 43 58 61 67
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 11 64 16 16 38 43 58 61 67
Adjusted Earnings Per Share 7.1 35.1 8.9 8.7 17.5 20.4 28 29.1 31.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 18% 18% 0%
Operating Profit CAGR 22% 24% 21% 0%
PAT CAGR 5% 17% 31% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -11% 51% NA% NA%
ROE Average 13% 12% 12% 14%
ROCE Average 17% 17% 15% 18%

Windlas Biotech Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 125 194 210 199 395 402 450 506
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 18 6 1 1 0 0 0 0
Other Non-Current Liabilities 3 2 2 3 -0 3 4 5
Total Current Liabilities 143 96 125 93 94 121 172 249
Total Liabilities 289 298 338 296 489 527 626 760
Fixed Assets 86 64 70 96 91 109 179 223
Other Non-Current Assets 59 113 100 6 16 64 15 12
Total Current Assets 144 120 168 194 382 354 431 525
Total Assets 289 298 338 296 489 527 626 760

Windlas Biotech Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 9 7 13 18 16 1 4 5
Cash Flow from Operating Activities 35 19 25 11 9 61 109 68
Cash Flow from Investing Activities -11 -5 -14 -20 -155 -14 -92 -74
Cash Flow from Financing Activities -26 -6 -5 1 130 -44 -15 1
Net Cash Inflow / Outflow -2 7 5 -8 -15 3 2 -5
Closing Cash & Cash Equivalent 7 13 18 16 1 4 5 0

Windlas Biotech Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.06 35.05 8.9 8.7 17.48 20.37 27.98 29.1
CEPS(Rs) 17.99 40.87 14.01 15.67 23.05 26.28 34.44 42.45
DPS(Rs) 0 0 0 0 3.5 4 5.5 5.8
Book NAV/Share(Rs) 76.94 106.32 115.15 109.36 180.31 190.89 213.99 238.8
Core EBITDA Margin(%) 11.16 12.53 12.61 12.79 11.25 11.74 12.39 12.38
EBIT Margin(%) 7.47 26.35 8.27 5.39 10.08 11.27 12.39 11.07
Pre Tax Margin(%) 5.63 24.77 7.5 5.08 9.78 11.12 12.22 10.5
PAT Margin (%) 3.18 20.77 4.93 3.64 8.17 8.31 9.22 8.03
Cash Profit Margin (%) 8.1 24.22 7.76 6.67 10.78 10.72 11.35 11.71
ROA(%) 3.87 21.75 5.1 4.91 9.7 8.39 10.1 8.8
ROE(%) 9.17 40.43 8.04 7.62 12.87 10.76 13.78 12.9
ROCE(%) 14.61 40.11 11.81 9.85 14.88 14.39 18.34 17.12
Receivable days 68.98 76.22 69.74 61.18 74.49 80.97 73.22 72.81
Inventory Days 36.31 32.12 37.93 38.74 39.24 47.47 39.61 34.48
Payable days 136.46 138.62 121.67 85.92 64.78 92.18 106.89 120.16
PER(x) 0 0 0 0 12.02 11.06 18.31 35.78
Price/Book(x) 0 0 0 0 1.17 1.18 2.39 4.36
Dividend Yield(%) 0 0 0 0 1.67 1.78 1.07 0.56
EV/Net Sales(x) 0.16 0.08 0.05 0.02 0.75 0.87 1.64 2.89
EV/Core EBITDA(x) 1.29 0.54 0.35 0.11 5.92 6.36 11.29 19.56
Net Sales Growth(%) 0 -12.76 7.02 30.03 8.96 10.12 22.97 20.43
EBIT Growth(%) 0 207.6 -66.41 -15.31 104 23.08 35.22 7.6
PAT Growth(%) 0 469.94 -74.6 -3.97 144.63 11.91 36.51 4.82
EPS Growth(%) 0 396.78 -74.6 -2.35 100.99 16.55 37.35 4.01
Debt/Equity(x) 0.44 0.15 0.13 0.16 0.02 0 0 0.05
Current Ratio(x) 1.01 1.25 1.34 2.08 4.06 2.92 2.51 2.11
Quick Ratio(x) 0.76 1.05 0.95 1.64 3.44 2.3 2.15 1.78
Interest Cover(x) 4.07 16.73 10.77 17.85 33.16 73.38 70.77 19.2
Total Debt/Mcap(x) 0 0 0 0 0.01 0 0 0.01

Windlas Biotech Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 62.82 62.82 62.51 62.51 62.51 62.34 62.34 61.99 61.99 61.9
FII 1.35 1.18 1.59 2 1.55 1.52 1.44 1.11 0.93 0.6
DII 11.71 11.82 10.35 9.58 10.26 10.89 11.21 11.43 11.44 11.8
Public 24.12 24.19 25.55 25.91 25.68 25.25 25.01 25.47 25.64 25.7
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Windlas Biotech News

Windlas Biotech Pros & Cons

Pros

  • Company has delivered good profit growth of 30% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 106.89 to 120.16days.
  • Stock is trading at 3.4 times its book value.
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