1. At a Glance
Windsor Machines Ltd is a veteran in the plastic processing machinery game. While their machines mould plastic, their balance sheet has been trying to mould a comeback. Between promoter exits, preferential allotments, and a not-so-smooth acquisition, it’s a full-on soap opera in polypropylene.
2. Introduction with Hook
Imagine a Bollywood family drama, but everyone works in a factory making injection moulding machines. There’s the legacy (started in 1963), the twist (new promoters via GCON acquisition), the betrayal (promoter selling stake at ₹30–₹40 while stock hits ₹180), and the suspense (can growth really outpace dilution?).
- Market Cap: ₹498 Cr
- Current Price: ₹117
- High/Low (52W): ₹200 / ₹50
- Stock P/E: 34
- Book Value: ₹60
Spoiler alert: the story has more turns than a polymer extrusion line.
3. Business Model (WTF Do They Even Do?)
Windsor Machines is in the business of:
- Injection Moulding Machines (IMM): Used for everything from toys to auto parts.
- Blown Film Extrusion Machines: Think plastic packaging, carry bags, and industrial films.
- Pipe Extrusion Systems: For manufacturing plastic pipes (PVC, HDPE).
Their clientele? Packaging, agriculture, automotive, medical, FMCG, and infrastructure.
Revenue split (estimated):
- IMM: ~55%
- Blown Film: ~30%
- Pipe Extrusion: ~15%
The
