Windlas Biotech Ltd.

Windlas Biotech Ltd.

900.40
INR
+19.10
(+2.17%)
31.26EPS
27.17P/E
17.73BMarket Cap
Windlas Biotech Ltd.
NSE:WINDLAS
(National Stock Exchange of India)

Recent

price

900.40

P/E

ratio

27.17

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
140.06
150.69
234.19
226.07
235.99
302.26
361.39
426.9
448.5
Revenue per Share
29.28
7.44
8.69
18.58
19.7
27.97
29.19
31.6
31.63
Basic EPS, GAAP
4.45
4.45
3.08
-2.77
-4.59
34.26
7.65
17.72
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
3.53
3.99
5.5
5.78
- -
Dividend per Share
88.82
96.2
91.36
181.14
192.23
216.33
241.31
275.2
- -
Book Value per Share
88.62
95.95
91.14
180.73
191.52
214.18
238.08
271.92
- -
Tangible Book Value per Share
22
22
18
20
22
21
21
21
21
Basic Weighted Avg Shares
3,053
3,284
4,267
4,634
5,106
6,289
7,551
8,977
9,421
Sales/Revenue/Turnover
9.93
9.9
10.39
8.76
9.39
10.29
8.82
8.27
7.9
Operating Margin (%)
106
93
130
121
124
134
280
307
305
Depreciation Expense
638
162
158
381
426
582
610
665
664
Net Income, GAAP
16.15
34.28
28.38
16.41
25.27
24.52
23.53
23.59
23.32
Effective Tax Rate (%)
20.91
4.94
3.71
8.22
8.35
9.25
8.08
7.4
7.05
Profit Margin (%)
242
427
1,009
2,877
2,323
2,595
2,760
3,059
- -
Working Capital
73
22
13
4
31
20
23
21
- -
LT Debt
1,936
2,097
1,991
3,948
4,023
4,499
5,058
5,808
- -
Total Equity
- -
9.07
6.24
10.67
9.05
11.43
10.32
9.82
- -
Return on Invested Capital (%)
- -
7.7
7.24
12.41
10.69
13.71
12.97
12.15
- -
Return on Capital (%)
- -
8.04
7.75
12.83
10.7
13.66
12.76
12.23
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
331
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
21
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
16,757
15,550
17,733

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
6,269
- -
Cash, Cash Equivalents & STI
- -
2,788
- -
Accounts Receivable, Net
- -
2,274
- -
Inventories
- -
618
- -
Total Current Liabilities
- -
3,209
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
331
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
27.85%
14.84%
Free Cash Flow
- -
-177.79%
133.04%
Net Income, GAAP
- -
40.55%
8.95%
Sales/Revenue/Turnover
- -
16.18%
18.88%
Total Cash Common Dividend
- -
- -
5.75%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,752
1,870
1,950
2,027
7,551
2026
2,101
2,224
2,331
2,385
8,977
2027
2,481
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.47
7.49
7.45
7.77
29.19
2026
8.43
8.48
7.12
7.58
31.6
2027
8.46
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5.5
2026
- -
- -
- -
- -
5.78
2027
- -
- -
- -
- -
- -
Business
Windlas Biotech Limited Windlas Biotech Limited engages primarily as a pharmaceutical contract development and manufacturing organization (CDMO) in India, producing solid and liquid dosage forms including tablets, capsules, syrups, and injectables; it provides end-to-end CDMO services encompassing product discovery, formulation development, licensing, commercial manufacturing of complex generics, and handling of high-potency drugs, controlled substances, narcotics, and low-solubility compounds across therapeutic areas such as anti-diabetic, cardiovascular, neuropsychiatry, respiratory, gastroenterology, dermatological, analgesics, anti-infectives, urology, nutritional supplements, vitamins/minerals/supplements, and veterinary products. The company sells branded formulations in domestic trade generics and over-the-counter markets focused on pain management, gastro management, nutritional food/supplements, derma/hair care, antibiotics, diabetic/cardiac management, neuro/psychiatry, thyro care, ENT/eye/oral care, and women's health; it also exports generic products to 19 countries including semi-regulated and selective regulated markets in regions of Africa, Asia, Latin America, and the rest of the world. Founded in 2001 and headquartered in Dehradun, Uttarakhand, with a corporate office in Gurugram, Haryana, Windlas Biotech Limited operates three strategic business verticals—CDMO services/products, domestic trade generics/OTC brands, and exports—serving over 100 pharmaceutical companies including 7 of the top 10 and 15 of the top 20 Indian formulators. Recent developments include the successful completion of a Rs 25 crore share buyback in Q1 FY24, approval and amalgamation of Windlas Healthcare, capital expenditures of INR 79.18 crores in FY23 followed by INR 15.2 crores and INR 12 crores for fixed assets and specialized equipment, upgrade and capacity expansion of the recently acquired Plant 6, enhancement of its injectable facility for ampoules, vials, and lyophilized products to enter the injectables segment, and sustained revenue growth with Q1 FY26 operations at Rs 210.1 crore (up 19.9% YoY) and September 2025 consolidated net sales at Rs 222.40 crore alongside EPS improvement to Rs 8.48.