About
Windlas Biotech Limited, a contract development and manufacturing organization, manufactures and trades in pharmaceutical products in India. The company offers contract manufacturing; customized formulations; contract research and manufacturing services; customized formulation; and regulatory services. It also manufactures tablets, capsules, oral solids, modified-release formulations, chewable and dispersible tablets, customized generics, and complex generics and multi-drug combinations, as well as injectables, including liquid vials, lyophilized vials, and ampoules. In addition, the company offers generic drugs for respiratory, anti-diabetic, gastroenterology, cardiovascular and multivitamin, neuro anti-psychotic, diabetic care, nutraceuticals, nutritional supplement, urology, pain management, and injectable therapies. It also exports generic medicines, health supplements, and custom-branded formulations. The company sells generic medicines, health supplements, and custom-branded formulations under Windlas brand names. Windlas Biotech Limited was incorporated in 2001 and is headquartered in Dehradun, India.
Key Metrics
as of Sep 2026Market Cap2,321 Cr
P/E34.90
Div Yield0.56 %
Book Value₹275.00
52w High₹1,152.00
52w Low₹697.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 248.00 | 238.00 | 233.00 | 222.00 | 210.00 | 203.00 | 195.00 | 187.00 | 175.00 | 171.00 | 162.00 | 153.00 | 145.00 |
| Expenses | 221.00 | 213.00 | 209.00 | 194.00 | 184.00 | 177.00 | 170.00 | 164.00 | 154.00 | 149.00 | 142.00 | 134.00 | 128.00 |
| Operating Profit | 27.00 | 25.00 | 24.00 | 29.00 | 27.00 | 26.00 | 25.00 | 23.00 | 21.00 | 22.00 | 20.00 | 19.00 | 17.00 |
| OPM % | 11.00 | 11.00 | 10.00 | 13.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 | 13.00 | 13.00 | 12.00 | 12.00 |
| Other Income | 5.00 | 4.00 | 5.00 | 4.00 | 5.00 | 5.00 | 4.00 | 5.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 |
| Depreciation | 7.00 | 8.00 | 8.00 | 8.00 | 7.00 | 8.00 | 7.00 | 6.00 | 6.00 | 4.00 | 3.00 | 3.00 | 3.00 |
| Interest | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 23.00 | 20.00 | 20.00 | 24.00 | 23.00 | 21.00 | 20.00 | 20.00 | 18.00 | 23.00 | 20.00 | 18.00 | 16.00 |
| Tax % | 23.00 | 21.00 | 25.00 | 25.00 | 24.00 | 22.00 | 24.00 | 23.00 | 26.00 | 25.00 | 24.00 | 23.00 | 26.00 |
| Net Profit | 18.00 | 16.00 | 15.00 | 18.00 | 18.00 | 16.00 | 15.00 | 16.00 | 13.00 | 17.00 | 15.00 | 14.00 | 12.00 |
| EPS in Rs | 8.55 | 7.59 | 7.09 | 8.45 | 8.43 | 7.77 | 7.29 | 7.49 | 6.45 | 8.15 | 7.26 | 6.75 | 5.80 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 904.00 | 760.00 | 631.00 | 513.00 | 466.00 | 428.00 | 329.00 | 288.00 | 320.00 | 315.00 | 274.00 |
| Expenses | 799.00 | 666.00 | 553.00 | 453.00 | 413.00 | 373.00 | 288.00 | 244.00 | 284.00 | 290.00 | 253.00 |
| Operating Profit | 105.00 | 94.00 | 78.00 | 60.00 | 53.00 | 55.00 | 41.00 | 44.00 | 36.00 | 25.00 | 20.00 |
| OPM % | 12.00 | 12.00 | 12.00 | 12.00 | 11.00 | 13.00 | 12.00 | 15.00 | 11.00 | 8.00 | 7.00 |
| Other Income | 18.00 | 18.00 | 13.00 | 10.00 | 7.00 | -29.00 | 1.00 | 2.00 | 5.00 | 4.00 | 1.00 |
| Interest | 5.00 | 4.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 4.00 | 5.00 | 5.00 | 7.00 |
| Depreciation | 31.00 | 28.00 | 13.00 | 12.00 | 12.00 | 13.00 | 9.00 | 8.00 | 11.00 | 9.00 | 9.00 |
| Profit before tax | 87.00 | 79.00 | 77.00 | 57.00 | 46.00 | 11.00 | 31.00 | 35.00 | 25.00 | 14.00 | 6.00 |
| Tax % | 24.00 | 24.00 | 25.00 | 25.00 | 16.00 | 55.00 | 27.00 | 36.00 | 33.00 | 35.00 | 20.00 |
| Net Profit | 66.00 | 61.00 | 58.00 | 43.00 | 39.00 | 5.00 | 22.00 | 22.00 | 17.00 | 9.00 | 5.00 |
| EPS in Rs | 31.48 | 28.94 | 27.95 | 20.05 | 17.69 | 7.81 | 35.03 | 35.05 | 30.24 | 16.41 | 8.14 |
| Dividend Payout % | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 10.00 | 10.00 | 10.00 | 11.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Reserves | 570.00 | 495.00 | 440.00 | 392.00 | 384.00 | 193.00 | 210.00 | 188.00 | 158.00 | 141.00 | 132.00 |
| Borrowings | 35.00 | 33.00 | 4.00 | 5.00 | 7.00 | 32.00 | 27.00 | 30.00 | 43.00 | 62.00 | 53.00 |
| Other Liabilities | 291.00 | 222.00 | 172.00 | 121.00 | 89.00 | 65.00 | 100.00 | 73.00 | 93.00 | 94.00 | 90.00 |
| Total Liabilities | 907.00 | 760.00 | 626.00 | 529.00 | 491.00 | 296.00 | 344.00 | 297.00 | 299.00 | 304.00 | 281.00 |
| Fixed Assets | 213.00 | 223.00 | 179.00 | 109.00 | 91.00 | 96.00 | 68.00 | 62.00 | 58.00 | 56.00 | 56.00 |
| CWIP | 60.00 | 5.00 | 6.00 | 15.00 | 8.00 | 0.00 | 0.00 | 5.00 | 11.00 | 15.00 | 9.00 |
| Investments | 268.00 | 223.00 | 173.00 | 107.00 | 65.00 | 23.00 | 121.00 | 121.00 | 123.00 | 121.00 | 95.00 |
| Other Assets | 366.00 | 308.00 | 268.00 | 298.00 | 327.00 | 177.00 | 154.00 | 110.00 | 107.00 | 111.00 | 121.00 |
| Total Assets | 907.00 | 760.00 | 626.00 | 529.00 | 491.00 | 296.00 | 344.00 | 297.00 | 299.00 | 304.00 | 281.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 105.00 | 68.00 | 109.00 | 61.00 | 9.00 | 11.00 | 21.00 | 22.00 | 39.00 | 7.00 | 47.00 |
| Cash from Investing Activity | -92.00 | -74.00 | -92.00 | -14.00 | -154.00 | -20.00 | -9.00 | -7.00 | -11.00 | -39.00 | -62.00 |
| Cash from Financing Activity | -13.00 | 1.00 | -15.00 | -44.00 | 130.00 | 1.00 | -6.00 | -8.00 | -25.00 | 5.00 | 38.00 |
| Net Cash Flow | 0.00 | -5.00 | 2.00 | 3.00 | -15.00 | -8.00 | 5.00 | 7.00 | 4.00 | -27.00 | 24.00 |
| Free Cash Flow | 37.00 | 16.00 | 71.00 | -9.00 | -6.00 | 6.00 | 11.00 | 12.00 | 28.00 | -8.00 | 35.00 |
| CFO/OP % | 115.00 | 95.00 | 163.00 | 117.00 | 34.00 | 33.00 | 84.00 | 80.00 | 122.00 | 34.00 | 249.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92.00 | 80.00 | 79.00 | 83.00 | 87.00 | 68.00 | 72.00 | 79.00 | 68.00 | 70.00 | 74.00 |
| Inventory Days | 40.00 | 63.00 | 57.00 | 84.00 | 71.00 | 55.00 | 85.00 | 38.00 | 44.00 | 62.00 | 49.00 |
| Days Payable | 156.00 | 138.00 | 121.00 | 98.00 | 76.00 | 53.00 | 143.00 | 117.00 | 124.00 | 120.00 | 137.00 |
| Cash Conversion Cycle | -24.00 | 6.00 | 15.00 | 69.00 | 82.00 | 70.00 | 13.00 | 0.00 | -12.00 | 13.00 | -14.00 |
| Working Capital Days | 14.00 | 18.00 | 32.00 | 72.00 | 86.00 | 40.00 | 3.00 | -12.00 | 2.00 | -37.00 | -46.00 |
| ROCE % | 16.00 | 17.00 | 18.00 | 14.00 | 15.00 | 19.00 | 14.00 | 18.00 | 13.00 | 10.00 | — |
Corporate Actions
8 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 16 Jul 2026 | 16 Jul 2026 | — | 6.30 | |
| Other | 24 Apr 2026 | 24 Apr 2026 | — | — | Buy Back of Shares |
| Other | 24 Apr 2026 | 24 Apr 2026 | — | — | Buy Back |
| Dividend | 21 Jul 2025 | 21 Jul 2025 | — | 5.80 | |
| Dividend | 17 Sep 2024 | 17 Sep 2024 | — | 5.50 | |
| Other | 17 Sep 2024 | — | — | — | Annual General Meeting |
| Dividend | 05 Sep 2023 | — | — | 4.00 | |
| Dividend | 09 Sep 2022 | — | — | 3.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update7 Apr 2025 from icra
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Rating update5 Feb 2024 from icra
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Rating update24 Sep 2021 from icra
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Rating update15 Dec 2016 from fitch
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Rating update2 Mar 2016 from fitch
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Rating update23 Sep 2014 from fitch