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    Windlas Biotech Limited

    Dehradun pharma CDMO making tablets, capsules & injectables for India's top drugmakers and its own brands.

    Healthcare
    Healthcare
    View WINDLAS earnings calls
    ₹844.25
    +2.35% from avg

    Overview

    Price

    ₹844.25

    Market Cap

    ₹1.8k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital66111010101111
    Reserves203193384392440495524570
    Borrowings2932754333135
    Other Liabilities1006590122173222249291
    Total Liabilities338296491529626760814907
    AssetsFixed Assets709691109179223217213
    CWIP00815652460
    Investments1162365107173223246268
    Other Assets152177327298268308327366
    Total Assets338296491529626760814907

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating19251196110968105
    Cash from Investing-7-14-20-155-14-92-74-92
    Cash from Financing-6-51130-44-151-13
    SummaryCapital Expenditure
    Free Cash Flow10106-6-9711637
    FCF Margin

    Valuation

    Assumptions

    Current — WINDLAS
    Price
    ₹844
    EPS (TTM)
    ₹31.58
    PE (TTM)
    26.7
    Profit growth
    16.8%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (25.0×) and current (26.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹844
    vs
    Fair value · 15% return
    ₹762
    10%Overvalued

    At 16.8% growth and a 25× exit, ₹844 only delivers your return if you pay ₹762. The price is currently baking in 19% growth.

    EPS grows 16.8%/yr for 5 years, then fades to 6% over 2, exits at 25×.

    YearGrowthEPS (₹)
    FY2716.8%36.89
    FY2816.8%43.08
    FY2916.8%50.32
    FY3016.8%58.77
    FY3116.8%68.65
    FY3211.4% ·fade76.47
    FY336.0% ·fade81.06

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Windlas Biotech Limited

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