Windlas Biotech
Windlas Biotech
HealthcareKey Fundamentals
MicrocapPharmaceuticalsHealthcareTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.8%
- Promoter holding has increased by 1.41% over last quarter.
- Company's working capital requirements have reduced from 21.4 days to 14.4 days
Weaknesses
1- Company has a low return on equity of 12.8% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 145 | 153 | 162 | 171 | 175 | 187 | 195 | 203 | 210 | 222 | 233 | 238 | 248 |
| Expenses | 128 | 134 | 142 | 149 | 154 | 164 | 170 | 177 | 184 | 194 | 209 | 213 | 221 |
| Operating Profit | 17 | 19 | 20 | 22 | 21 | 23 | 25 | 26 | 27 | 29 | 24 | 25 | 27 |
| OPM % | 12% | 12% | 13% | 13% | 12% | 12% | 13% | 13% | 13% | 13% | 10% | 11% | 11% |
| Other Income | 3 | 3 | 3 | 4 | 4 | 5 | 4 | 5 | 5 | 4 | 5 | 4 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 3 | 3 | 3 | 4 | 6 | 6 | 7 | 8 | 7 | 8 | 8 | 8 | 7 |
| PBT | 16 | 18 | 20 | 23 | 18 | 20 | 20 | 21 | 23 | 24 | 20 | 20 | 23 |
| Tax % | 26% | 23% | 24% | 25% | 26% | 23% | 24% | 22% | 24% | 25% | 25% | 21% | 23% |
| Net Profit | 12 | 14 | 15 | 17 | 13 | 16 | 15 | 16 | 18 | 18 | 15 | 16 | 18 |
| EPS in Rs | 5.8 | 6.75 | 7.26 | 8.15 | 6.45 | 7.49 | 7.29 | 7.77 | 8.43 | 8.45 | 7.09 | 7.59 | 8.55 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 274 | 315 | 320 | 288 | 329 | 428 | 466 | 513 | 631 | 760 | 904 | 942 |
| Expenses | 253 | 290 | 284 | 244 | 288 | 373 | 413 | 453 | 553 | 666 | 799 | 837 |
| Operating Profit | 20 | 25 | 36 | 44 | 41 | 55 | 53 | 60 | 78 | 94 | 105 | 105 |
| OPM % | 7% | 8% | 11% | 15% | 12% | 13% | 11% | 12% | 12% | 12% | 12% | 11% |
| Other Income | 1 | 4 | 5 | 2 | 1 | -29 | 7 | 10 | 13 | 18 | 18 | 18 |
| Interest | 7 | 5 | 5 | 4 | 2 | 1 | 1 | 1 | 1 | 4 | 5 | 5 |
| Depreciation | 9 | 9 | 11 | 8 | 9 | 13 | 12 | 12 | 13 | 28 | 31 | 31 |
| PBT | 6 | 14 | 25 | 35 | 31 | 11 | 46 | 57 | 77 | 79 | 87 | 87 |
| Tax % | 20% | 35% | 33% | 36% | 27% | 55% | 16% | 25% | 25% | 24% | 24% | — |
| Net Profit | 5 | 9 | 17 | 22 | 22 | 5 | 39 | 43 | 58 | 61 | 66 | 66 |
| EPS in Rs | 8.14 | 16.41 | 30.24 | 35.05 | 35.03 | 7.81 | 17.69 | 20.05 | 27.95 | 28.94 | 31.48 | 31.68 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 20% | 20% | 20% | 20% | — |
Balance Sheet
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 11 | 10 | 10 | 10 | 11 |
| Reserves | 132 | 141 | 158 | 188 | 210 | 193 | 384 | 392 | 440 | 495 | 570 |
| Borrowings | 53 | 62 | 43 | 30 | 27 | 32 | 7 | 5 | 4 | 33 | 35 |
| Other Liabilities | 90 | 94 | 93 | 73 | 100 | 65 | 89 | 121 | 172 | 222 | 291 |
| Total Liabilities | 281 | 304 | 299 | 297 | 344 | 296 | 491 | 529 | 626 | 760 | 907 |
| Fixed Assets | 56 | 56 | 58 | 62 | 68 | 96 | 91 | 109 | 179 | 223 | 213 |
| CWIP | 9 | 15 | 11 | 5 | 0 | 0 | 8 | 15 | 6 | 5 | 60 |
| Investments | 95 | 121 | 123 | 121 | 121 | 23 | 65 | 107 | 173 | 223 | 268 |
| Other Assets | 121 | 111 | 107 | 110 | 154 | 177 | 327 | 298 | 268 | 308 | 366 |
| Total Assets | 281 | 304 | 299 | 297 | 344 | 296 | 491 | 529 | 626 | 760 | 907 |
Cash Flow
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 47 | 7 | 39 | 22 | 21 | 11 | 9 | 61 | 109 | 68 | 105 |
| Investing | -62 | -39 | -11 | -7 | -9 | -20 | -154 | -14 | -92 | -74 | -92 |
| Financing | 38 | 5 | -25 | -8 | -6 | 1 | 130 | -44 | -15 | 1 | -13 |
| Net Cash Flow | 24 | -27 | 4 | 7 | 5 | -8 | -15 | 3 | 2 | -5 | 0 |
| Free Cash Flow | 35 | -8 | 28 | 12 | 11 | 6 | -6 | -9 | 71 | 16 | 37 |
| CFO/OP | 249 | 34 | 122 | 80 | 84 | 33 | 34 | 117 | 163 | 95 | 115 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 70 | 68 | 79 | 72 | 68 | 87 | 83 | 79 | 80 | 92 |
| Inventory Days | 49 | 62 | 44 | 38 | 85 | 55 | 71 | 84 | 57 | 63 | 40 |
| Days Payable | 137 | 120 | 124 | 117 | 143 | 53 | 76 | 98 | 121 | 138 | 156 |
| Cash Conversion Cycle | -14 | 13 | -12 | 0 | 13 | 70 | 82 | 69 | 15 | 6 | -24 |
| Working Capital Days | -46 | -37 | 2 | -12 | 3 | 40 | 86 | 72 | 32 | 18 | 14 |
| ROCE % | — | 10% | 13% | 18% | 14% | 19% | 15% | 14% | 18% | 17% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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47 extracted metrics + investor summaries across FY16–FY26.
Documents
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Company Information
Windlas Biotech Ltd is a leading domestic pharmaceutical formulations contract development and manufacturing organization (CDMO). The company manufactures both solid and liquid pharmaceutical dosage forms and provides a comprehensive range of CDMO services ranging from product discovery, product development, and commercial manufacturing of generic products, including complex generics.[1]
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