WINDLASHealthcare

Windlas Biotech Limited

Pharmaceuticals · ISIN INE0H5O01029 · BSE 543329 · NSE EQ · FV ₹5
Last price
₹1,118
+3.96%today
What this company does

Windlas Biotech Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹238 cr of revenue in its latest quarter (Q4 FY26) and kept 6.7% of sales as profit.

The pharmaceutical industry continues to benefit from increasing healthcare awareness, rising income levels, expanding healthcare access, growing penetration of government healthcare initiatives and sustained demand for high-quality affordable medicines.
Their stated vision

is to be regarded as a leading partner of choice in the Indian pharmaceutical contract Encourage diversity of perspectives and development and manufacturing space.

In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
64

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet67

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency76

Whether sales and profit have grown, and how steadily

Valuation55

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Promoters hold 63%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.7% net margin

What if I invest in WINDLAS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,118 +3.96%
latest close · 2026-09-17
1-year return
+224.2%
52-wk low ₹20352-wk high ₹1,182
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.9High
LowAverageHigh
P/B ratio4.06High
Below bookModerateHigh
EV / EBITDA20.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.0%Fair
WeakFairStrong ▸15%
Return on capital14.8%Fair
WeakFairStrong
Net margin6.7%Decent
ThinDecentStrong
EBITDA margin12.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover14.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.95Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,359 cr
Book value
₹275
EPS
₹7.58
latest quarter
Net debt
₹29 cr
owes more than its cash
Enterprise value
₹2,388 cr
EBITDA
₹119 cr
annualised
EBIT
₹87 cr
annualised
Operating margin
9.1%
Return on assets
7.0%
Earnings yield
2.71%
P/S
2.47
Sales / share
₹452.0
Tax rate
20.7%
Face value
₹5
Shares
2.1 cr
Working capital
₹306 cr
Current assets
₹627 cr
Current liabilities
₹321 cr
Delivery %
47.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹197₹413, midpoint ₹224

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY26 (consolidated)
Revenue from Operations₹238 cr
Other Income₹4 cr
Total Income₹243 cr
Cost of Materials₹4 cr
Purchases of Stock-in-Trade₹142 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹41 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹8 cr
Other Expenses₹25 cr
Total Expenses₹223 cr
Profit before Tax₹20 cr
Tax Expense₹4 cr
Net Profit₹16 cr
Net margin on total income6.6%
Where the money goes · Q4 FY26
% of total income
Materials + stock-in-trade₹147 cr60.6%
Employee benefit expense₹41 cr17.0%
Finance costs₹1 cr0.6%
Depreciation & amortisation₹8 cr3.3%
Other expenses₹25 cr10.2%
Tax expense₹4 cr1.7%
Profit for the period₹16 cr6.6%
Total income ₹243 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY26Q3 FY26Q4 FY26
Revenue222 cr233 cr238 cr
Total income226 cr238 cr243 cr
Expenses202 cr218 cr223 cr
Profit before tax24 cr20 cr20 cr
Tax6 cr5 cr4 cr
Net profit (owners' share)18 cr15 cr16 cr
Net margin (owners' share, on revenue)8.0%6.4%6.7%
EPS (₹)8.487.127.58
YoY (latest quarter): total income +17.0% · net profit -1.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹907 cr
Shareholder equity
₹581 cr
parent shareholders
Total debt
₹30 cr
Cash
₹53.5 L
Cash flow · H1 FY26
Operating
₹56 cr
Investing
₹-44 cr
Financing
₹-12 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.56%
trailing 12 months
Dividend / share (TTM)
₹6.3
Last dividend
₹6.3
ex 16 Jul 2026
ActionDetailEx-date
Dividend₹6.3 / share16 Jul 2026
BuybackBuy Back24 Apr 2026
Dividend₹5.8 / share21 Jul 2025
Dividend₹5.5 / share17 Sep 2024
Dividend₹4 / share5 Sep 2023
Dividend₹3.5 / share9 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
63.3%
FII / Foreign
2.0%
DII / Domestic
9.8%
Retail / others
24.8%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.19 L @ ₹936.4311 Aug 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.19 L @ ₹935.9911 Aug 26
BoughtAJAY KUMAR AGGARWAL · NSE1.45 L @ ₹787.4220 Feb 25
Stake changes
SoldICICI Prudential Mutual Fund→ 4.33% · 5.41 L13 May 26
SoldICICI Prudential Mutual Fund→ 6.96% · 5.04 L29 Jul 24
BoughtICICI Prudential Mutual Fund→ 9.27% · 3.75 L19 Mar 23
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 19 Mar 2026
See the official result
1
Re-appointment of Mr. Ashok Kumar Windlass as Wholetime Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
22.56 L votes for, 2 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr. Vivek Dhariwal as an Independent Director
Backed by 100% of shareholders other than promotersneeded 75%
22.56 L votes for, 2 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Gaurav Gulati as an Independent Director
Backed by 100% of shareholders other than promotersneeded 75%
22.56 L votes for, 2 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 25 named members
owning 63.3% between them · as of 2026-06-30
AKW WBL Family Private Trust (through its Trustees Ashok Vimla Trusteeship Services Private Limited)40.61%
Ashok Kumar Windlass21.32%
Vimla Windlasss1.38%
Abha Jainno shares
Ankur Jainno shares
Araddhya Windlassno shares
Ashok Kumar Windlass Family Trustno shares
Ashok Vimla Trusteeship Services Private Limitedno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 0.7% of its ₹904 cr revenue and received ₹5.4 L back from them.
HITESH WINDLASS
Other payments to them · SALARY, COMMISION SECURITY DEPOSIT
₹2 cr
company paid
MANOJ KUMAR WINDLASS
Other payments to them · SALARY, COMMISION SECURITY DEPOSIT
₹2 cr
company paid
ASHOK KUMAR WINDLASS
Other payments to them · SALARY SECURITY DEPOSIT
also owns 21.32% of the company
₹2 cr
company paid
MANOJ KUMAR WINDLASS
Leases As Lessor · SALARY, COMMISION SECURITY DEPOSIT
₹15.7 L
company received
HITESH WINDLASS
Leases As Lessor · SALARY, COMMISION SECURITY DEPOSIT
₹15.7 L
company received
ASHOK KUMAR WINDLASS
Leases As Lessor · SALARY SECURITY DEPOSIT
also owns 21.32% of the company
₹15.7 L
company received
MANOJ KUMAR WINDLASS
Transfers Under Finance Agreements From Entity · SALARY, COMMISION SECURITY DEPOSIT
₹1.8 L
company received
HITESH WINDLASS
Transfers Under Finance Agreements From Entity · SALARY, COMMISION SECURITY DEPOSIT
₹1.8 L
company received
ASHOK KUMAR WINDLASS
Transfers Under Finance Agreements From Entity · SALARY SECURITY DEPOSIT
also owns 21.32% of the company
₹1.8 L
company received

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.